McAllen, Texas

In the city of McAllen, Texas, $128,600 is the house value median. McAllen house values have been going down with house values falling 0.2 percent in the last year. And it is forecasted that the value of homes will drop 3.9 percent in the following year.

This lowered house value is unusual as far as cities go with population over 125,000. A huge majority of these cities have their homes increasing in value.

For the real estate numbers of Killeen, the per square foot median list cost is $80. The metro area of Killeen has a higher per square foot list cost median of $90.

In the city of Killeen, $153,000 is the median house cost of homes presently listed. Killen has a rent cost median of $975. The metro area of Killen has a higher rent cost median of $1,000.

In McAllen, $95 is the per square foot list price median. This is more than the metro area of McAllen which has a per square foot list price median of $91.

$214,950 is the presently listed cost median of houses in McAllen, Texas. In McAllen, $1,300 is the rent cost median. The McAllen Metro Area has a lower rent cost median of $1,250.

In the McAllen-Edinburg-Mission, Texas metro area, the annual median household income is $36,176.

It is helpful to find out what the foreclosure rate is for any area you want to purchase a house. The foreclosure rate is an important economic factor, especially if it’s high in an area you have an interest in. The higher the foreclosure rate, the lower the value of the property.

There is a first thing that happens when there is a foreclosure. It is the house owner becoming mortgage delinquent. What does it mean to become mortgage delinquent? It means that the house owner neglected to make a payment on the mortgage of their house.

In McAllen, 1.9 percent of house owners are delinquent regarding their house mortgages. This is a higher mortgage delinquency rate than the United States has which is 1.6 percent.