The story of this market
The typical home in ZIP 78501 sells for about $248,269, or $141 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 98 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $969 a month.
ZIP 78501 — McAllen
ZIP 78501 in McAllen maintains steady residential demand anchored by attractive entry-level pricing and convenient proximity to central retail and healthcare corridors. While days on market have lengthened to 98 days and price cuts remain active on roughly 23% of inventory, home values continue to show modest single-digit year-over-year gains.
ZIP 78501 is best suited for cost-conscious first-time buyers, multi-generational families, and cross-border logistics professionals seeking attainable entry-level homeownership close to core city amenities.
Median prices moved up 2.1% year over year.
Homes spend a median of 98 days on market with 4.1 months of supply — a balanced-paced market.
23% of listings have cut prices · homes sell at 96.2% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.2% · poverty 26.4% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 78501, Hidalgo County TX
Violent crime in ZIP 78501 tracks slightly above national medians mainly due to dense commercial core activity, while overall property crime aligns closely with Hidalgo County metropolitan averages.
Public schools serving ZIP 78501 fall primarily under McAllen Independent School District, earning solid regional marks with recognized collegiate academies and specialized magnet high schools.
Risk modeling indicates high vulnerability to severe convective wind events, significant heat stress, and moderate localized stormwater flooding, while wildfire risk remains minimal.
Economic expansion is fueled by regional healthcare facilities, cross-border manufacturing logistics through the McAllen Foreign Trade Zone, and retail trade along the I-2 corridor.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
Commuters benefit from immediate access to Interstate 2 (US-83) and Interstate 69C (US-281), linking residents to downtown McAllen, Edinburg, and Pharr within 10 to 20 minutes.
Local recreation includes Fireman's Park, Archer Park, McAllen Heritage Center, and close proximity to the Quinta Mazatlan nature sanctuary and La Plaza Mall.
The rental market maintains robust demand driven by local retail and healthcare workforces, with single-family detached rentals and modest multifamily duplexes seeing steady absorption around $1,100 to $1,400 monthly.
The economy centers on retail trade, healthcare systems like Rio Grande Regional Hospital, international logistics through nearby trade zones, and government education sectors.
Major corridors include I-2/US-83 running east-west and Bicentennial and 10th Streets running north-south, supported by McAllen Metro local bus transit.
Planning priorities focus on infill residential renewal, stormwater drainage infrastructure modernization, and commercial mixed-use densification near the historic core.
Parcels are served by Hidalgo County Drainage District No. 1, South Texas College District, and McAllen ISD taxing entities without widespread residential MUD or PID surcharges.
Property insurance rates face upward pressure from statewide coastal windstorm pool proximity and localized severe convective thunderstorm activity.
Retrieved via Census Bureau ZCTA 78501 summary profiles and cross-validated with IncomeByZipCode ACS reporting.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Dave & Buster's McAllen4.32 mi
- Helium Trampoline Park4.42.5 mi
- Sky Park Kids4.23.3 mi
- Recreation Center 5th Blayser4.213.7 mi
- Aqua Planet Waterpark3.35.1 mi
- Bert Ogden Arena4.54.9 mi
- Payne Arena4.46.6 mi
- McAllen Convention Center4.72.1 mi
- Golden Corral Buffet & Grill4.12.4 mi
- Topgolf Pharr4.52.4 mi
- Basilica Of Our Lady of San Juan del Valle - National Shrine4.94.8 mi
- Cinemark Pharr Town Center XD and ScreenX4.52.1 mi
- AMC Edinburg 184.26 mi
- Edinburg Municipal Park4.77.8 mi
- Main Event Pharr4.42.2 mi
- Reynosa Cultural Park4.311.9 mi
- Gelman Stained Glass Museum4.75.1 mi
- International Museum of Art & Science4.41.6 mi
- Kreative Grounds Café4.90.7 mi
- Museum of South Texas History4.87.3 mi
- Edinburg Municipal Park4.77.8 mi
- Reynosa Cultural Park4.311.9 mi
- Tres Lagos Park4.78.5 mi
- Santa Ana National Wildlife Refuge4.711.2 mi
- Bentsen-Rio Grande Valley State Park4.69.4 mi
- Topgolf Pharr4.52.4 mi
- Los Lagos Golf Course & Putter's Grill4.57.3 mi
- Champion Lakes Golf Course4.43.2 mi
- Monte Cristo Golf & Country Club4.210.2 mi
- Tierra Del Sol Golf Course3.84.9 mi
- La Plaza4.62.3 mi
- Pulga de Álamo4.56.4 mi
- Ross Dress for Less4.42.5 mi
- Sprouts Farmers Market4.62.7 mi
- Burlington4.22.5 mi
- McAllen International Airport4.42.9 mi
- Aeropuerto Internacional de Reynosa4.214.3 mi
- Airport MFE4.62.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Community park featuring a 4-acre lake with pedal boat rentals, fishing piers, and lighted walking trails.
Historic 1930s Spanish Revival adobe mansion nestled in a lush thornforest sanctuary on the World Birding Center trail.
Premier regional upscale shopping destination serving South Texas and northern Mexico shoppers directly south along the I-2 corridor.
Downtown McAllen park established in 1918 hosting community music events, markets, and cultural festivals.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
No county-record distress flags across 2 researched properties on the ARED base layer. Key-figure check: median price corroborated by the researched-property base layer (within 12.5%).