The typical home in McAllen, TX is worth about $220,000.
With 20% down that's a loan near $176,000 — the calculator
is pre-filled with that figure. McAllen is one of the fastest-growing metros in Texas, driven by cross-border trade through the Hidalgo-Reynosa port of entry and a rapidly expanding healthcare sector serving the whole Rio Grande Valley.
$1,142.70 / month
Total interest
$235,375
Total paid
$411,375
Payoff
30.0 years
How much you need to earn
McAllen, TX's median household income is about
$48,000 a year. Under standard 28/36
lending rules that supports a home price around
$123,577 with 20% down —
below the $220,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in McAllen, TX is about $1,150 a month, so owning the median home costs roughly
$596 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in McAllen, TX?
On the metro's roughly $220,000 typical home with 20% down, the loan is about $176,000. Principal and interest run near $1,143 a month at today's rate, and McAllen, TX's property tax plus insurance add about $603, for a full payment near $1,746.
Can I afford a home in McAllen, TX on the median income?
The median household income is about $48,000 a year. Under standard 28/36 lending rules that supports a home price around $123,577 with 20% down — below the $220,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in McAllen, TX?
Typical asking rent is about $1,150 a month. The full owner payment on a median home is near $1,746, so owning costs roughly $596 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in McAllen, TX?
The effective property tax rate in the core county is about 1.70% of market value — roughly $3,740 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in McAllen, TX rising or falling?
Home values are up about 3% over the past year. McAllen is one of the fastest-growing metros in Texas, driven by cross-border trade through the Hidalgo-Reynosa port of entry and a rapidly expanding healthcare sector serving the whole Rio Grande Valley.