McAllen, TX Real Estate & Homes for Sale | realtor.com® (2024)

FAQs

Is McAllen, Texas a good place to live? ›

City of McAllen, TX. U.S. News & World Report unveiled the 2024-2025 Best Places to Live in the U.S list. The list ranks 150 U.S. cities based on cost of living, desirability, job market, and quality of life. McAllen took #48 in the list highlighting its quality of performance among different major cities in the U.S.

The expansive geography of Texas provides ample land for development, keeping real estate prices competitive. Unlike densely populated states where space is at a premium, Texas's sprawling landscapes allow for more housing developments, leading to a broader range of affordable housing options.

McAllen is the 23^rd biggest city by population. And since it's not that big as compared to cities like Houston or Dallas, the southernmost Texas city is not overly expensive. The real estate market is far cheaper than other locations, and so is the cost of living.

The McAllen city limits extend to the southwest as far as the Rio Grande, directly north of Reynosa, Tamaulipas, in Mexico. The Anzalduas International Bridge crosses the Rio Grande at this point, 11 mi (18 km) southwest of downtown McAllen.

Cost of Living in Florida vs Texas

Florida offers some of the best living costs in the country but Texas is still the winner with a cost of living index that is actually lower than the nation average. The median listing price of a house in Texas is also $274,500 compared to $300,00 in Florida.

Which type of real estate is best? ›

The best type of real estate investment depends on your goals, timeline, and risk tolerance. Long-term rental properties can provide steady income, while house flipping offers quicker profits but requires more hands-on work and risk.

Valued at an astronomical $2 billion, the 27-storey Antilia in Mumbai is considered the world's most expensive private residence. Custom-built by Indian billionaire Mukesh Ambani, chairman of Reliance Industries, the 400,000 square-foot skyscraper stands 570 feet tall with panoramic views over Mumbai.

A Marvel of Elegance and Charm. Experience America's Largest Home®, as magnificent today as it was more than a century ago. Your self-guided house visit spans three floors and the basem*nt of the luxurious family home of George and Edith Vanderbilt.

The largest private landowner in the United States is the Emmerson family, which owns and operates Sierra Pacific Industries, one of the largest lumber producers in the country.

A leading winter resort, McAllen is a hub of oil and gas production. It is also a processing centre for citrus fruits, vegetables, and cotton, and it is one of the most important ports of entry for trade with Mexico. The city's foreign trade zone flourished in the 1980s.

Located 70 miles from the Gulf of Mexico, McAllen attracts those who enjoy the water. Weekend pastimes range from pedal boating or kayaking in Town Lake at Fireman's Park to taking day trips to the beach.

One of the factors working in favor of the increase in the sale of homes in McAllen (by 8% last year) is the low property tax. This also means that even if there is less funding available for the city's public schools, McAllen is booming.