Considered one of the largest cities in Hildago County, the City of McAllen is situated along the southern part of Texas just five miles away from the US and Mexico border—you could even say it's where both regions meet. Located in the area known as the Rio Grande Valley, McAllen is known for its fine selection of shopping and retail districts, art museums, and bustling real estate market. McAllen’s close proximity to the Mexican border offers warm weather year round. It is also the perfect spot for great cuisine and an ideal place called home for the more than 100,000 residents. (more)
No matter where you look, you will be amazed at the natural beauty of McAllen. Homes will more than likely have views of the Rio Grand Valley, and are in close proximity to South Padre Island and the town of Port Isabel, known historically and locally as the “Point” of the Laguna Madre Bay. McAllen houses are just a short drive away to all the local art museums, shopping centers, and fine eateries. Don’t miss out on an opportunity to live on this great setting a short distance from Port Isabel, South Padre Island, and the warm breezes of the Gulf of Mexico.
McAllen Real Estate
McAllen offers residential housing in pleasant park-like settings, tucked away from the traffic of city living. Master-planned communities, new residential developments and subdivisions complement charming older neighborhoods and tree-lined streets with a variety of architectural styles. From brand new construction to hidden hideaways and charming single-family homes, McAllen has a fine selection for those looking for the amenities of the city with the safety and space of a small town. Average home prices currently hover around $245,000. Single-family homes start at $40,000 and can go up to $600,000 for exclusive subdivisions, waterfront property, sprawling acreage and elite amenities. .(more)
High-end homes in some of McAllen’s more exclusive subdivisions and enclaves can be found in the $1 to $2 million range. Prices for condominiums currently run from $55,000 to $375,000, while townhouses range from $100,000 to $225,000. A wide range of land from commercial space to country living is available starting at $24,000 and climbing up to $7.8 million, depending significantly on views, acreage and landscape. Additionally, McAllen is seeing plenty of rapid commercial development as the McAllen-Edinburg-Mission Metropolitan Statistical Area is outpacing the rest of nation in terms of population and job growth.
McAllen, Texas Average Home Sizes and Asking Prices
McAllen Real Estate Stats and Trends for the week of May 2nd, 2016: homes priced around $154,310 compared to $154,310 the previous week, to remain steady with no change in listing price. For Thursday, May 5th, the current national mortgage rate for a 30 year fixed mortgage is 3.63%; the 15 year fixed rate is at 2.76%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.05%, while the 15 year jumbo rate currently is at 3.69%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in McAllen TX. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in McAllen to help you find the best home!