Property Prices in McAllen, TX, United States

Index Info
Price to Income Ratio: 1.71
Mortgage as Percentage of Income: 12.75%
Loan Affordability Index: 7.84
Price to Rent Ratio - City Centre: 6.60
Price to Rent Ratio - Outside of Centre: 7.59
Gross Rental Yield (City Centre): 15.15%
Gross Rental Yield (Outside of Centre): 13.18%

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Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 595.00 $ 500.00-1,350.00
Apartment (1 bedroom) Outside of Centre 583.33 $ 450.00-800.00
Apartment (3 bedrooms) in City Centre 1,262.50 $ 850.00-1,750.00
Apartment (3 bedrooms) Outside of Centre 916.67 $ 750.00-1,200.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 86.00 $ 80.00-125.00
Price per Square Feet to Buy Apartment Outside of Centre 84.60 $ 80.00-110.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,686.82 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.30 2.75-4.54

These data are based on 75 entries in the past 18 months from 25 different contributors.
Last update: January 2021

Sources and References
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