McAllen, TX home prices
Typical home $188,971 · -0.4% in a year · income needed $58,600
The McAllen, TX metro area ranks 685 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -0.4% in a year and +28.4% over five years. With 20% down at 7.11%, the typical home costs about $1,366 a month including 1.62% property tax (Hidalgo County rate).
Mortgage on the typical McAllen home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $37,794 | $151,177 | $1,017 | $0 | $349 | $1,366 | $58,600 |
| 10% down | $18,897 | $170,074 | $1,144 | $71 | $349 | $1,564 | $67,000 |
| 5% down | $9,449 | $179,523 | $1,208 | $75 | $349 | $1,632 | $69,900 |
| 3.5% down (FHA) | $6,614 | $185,548 | $1,248 | $84 | $349 | $1,681 | $72,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.62% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the McAllen area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Hidalgo County, TX | $188,974 | -0.4% | 1.62% |
What can you afford in Texas on your salary? · Texas home prices · Salaries in Texas
Frequently asked questions
How much is a house in McAllen?
The typical home in the McAllen, TX metro area is worth $188,971 (Zillow, September 2026).
What salary do you need to buy a house in McAllen?
About $58,600 a year for the typical home with 20% down at 7.11%.