There are currently 2,977 real estate properties in Hidalgo, TX, with a median automated valuation model (AVM) price of $169,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hidalgo, TX, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Hidalgo, TX, is $183,606.00, with the most expensive house in Hidalgo, TX, topping out at $2,520,000.00 and the cheapest home in Hidalgo, TX, clocking in at $24,149.00. In other words, there’s something for every potential homebuyer or savvy investor in Hidalgo, TX!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hidalgo, TX, is on a rollercoaster ride. The average rent price in Hidalgo, TX, is $1,110.00. Indeed, when looking to rent in Hidalgo, TX, you can expect to pay as little as $430.00 or as much as $2,600.00, with the average rent median estimated to be $1,080.00. The good news is that finding an affordable and desirable property to rent in Hidalgo, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Hidalgo is located in Hidalgo, Texas, with an estimated municipal population of 14,183 residents. All of the best foreclosed homes for sale in Hidalgo are located in the following zip code areas on Foreclosure.com: 78557. The estimated population per square kilometer (.62 miles) in Hidalgo is 656.
So, about how much do homes cost in Hidalgo? The most recent median value of resident-owned homes in Hidalgo is 100,295. An estimated 70.7 percent of households in Hidalgo own their homes, with an average family size of 4.12. The median household income in Hidalgo is 33,576, with12.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Hidalgo, the median commute time of resident workers (in minutes) is 18. And last, but certainly not least, are you looking for homes to rent in Hidalgo? If so, the average rent price paid by renters in Hidalgo is 675, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Hidalgo, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Hidalgo is 29.1, split between 54.4 percent male versus 45.6 female. The percentage of residents who report being married in Hidalgo is 50.5, with an average family size of 4.12.
The percentage of residents who report their race in Hidalgo is as follows:
| White | 52.1% |
| Black / African American | 0% |
| Asian | 0% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0.2% |
| Other | 47.6% |
Looking for family-friendly neighborhoods in and/or near Hidalgo? Or maybe you are searching for 55+ active adult communities in and/or near Hidalgo?
The percentage of residents who report their age in Hidalgo is as follows:
| Under 10 | 16.2% |
| Aged 10-19 | 20.5% |
| 20s | 14.3% |
| 30s | 11.4% |
| 40s | 14.5% |
| 50s | 11% |
| 60s | 7.5% |
| 70s | 3.3% |
| 80+ | 1.4% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Hidalgo with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Hidalgo.
How do you know that living in -- or moving to -- Hidalgo is right where you need to be? Perhaps you grew up in Hidalgo or already live nearby; therefore, the decision to buy a home in Hidalgo is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Hidalgo for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Hidalgo:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Hidalgo.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Hidalgo can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Hidalgo, meanwhile, can field multiple offers from more qualified buyers.
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