The story of this market
The typical home in ZIP 78503 sells for about $193,000, or $105 per square foot.
Prices are up +1.9% from a year ago, so sellers still have some momentum. Homes take about 78 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,114 a month.
ZIP 78503 — McAllen
The 78503 housing market is currently experiencing modest price appreciation and stable demand. Market conditions are driven by local affordability and steady employment in the McAllen metro area, though inventory levels remain a factor for buyers.
This ZIP code is well-suited for budget-conscious family buyers and long-term investors seeking affordable entry points into the McAllen housing market.
Median prices moved up 1.9% year over year.
Homes spend a median of 78 days on market with 5.2 months of supply — a balanced-paced market.
18% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 21.5% — 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 4.1%/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 4.3%/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 78503, Hidalgo County TX
Crime rates in the McAllen area are generally lower than the national average, with property crime being the most frequently reported incident type.
Schools serving the 78503 area are part of the McAllen Independent School District, which maintains a generally stable academic performance rating within the region.
The area is subject to regional flood risks associated with heavy rainfall events common in the Rio Grande Valley, necessitating standard flood insurance coverage for many properties.
Economic momentum is driven by the retail, healthcare, and international trade sectors, with ongoing infrastructure improvements supporting the broader McAllen metropolitan area.
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).
Residents primarily rely on personal vehicles for commuting, with major access provided by U.S. Highway 83 and Interstate 2, facilitating travel to the McAllen employment core.
The area features local neighborhood parks and is within a short drive of major shopping centers, dining districts, and recreational facilities in central McAllen.
The rental market is characterized by moderate demand and stable vacancy rates, with a significant portion of the inventory consisting of single-family homes and small multi-family complexes.
The local economy is anchored by the healthcare sector, retail trade, and cross-border logistics, benefiting from McAllen's position as a regional trade hub.
The area is served by a network of arterial roads connecting to the broader McAllen transit system, with limited public transit options compared to larger urban centers.
Development is focused on residential infill and the expansion of commercial services along major transit corridors.
The Hidalgo County Appraisal District conducts annual property valuations based on market data and physical inspections.
Parcels are subject to levies from the McAllen Independent School District, Hidalgo County, and various municipal utility districts.
Property insurance premiums are influenced by regional wind and flood risk profiles, with standard coverage widely available.
Texas is a non-judicial foreclosure state, allowing for relatively efficient processing of defaults under the deed of trust.
Sellers are required to provide a standard Seller's Disclosure Notice detailing the condition of the property.
Data retrieved from data.census.gov ZCTA-level tables.
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 McAllen4.31.7 mi
- Helium Trampoline Park4.46.1 mi
- Sky Park Kids4.22.1 mi
- Recreation Center 5th Blayser4.210.1 mi
- Aqua Planet Waterpark3.33.1 mi
- Bert Ogden Arena4.58.1 mi
- Payne Arena4.43.3 mi
- McAllen Convention Center4.72.1 mi
- Golden Corral Buffet & Grill4.13.2 mi
- Topgolf Pharr4.53.6 mi
- Basilica Of Our Lady of San Juan del Valle - National Shrine4.96.3 mi
- Cinemark Pharr Town Center XD and ScreenX4.54.1 mi
- AMC Edinburg 184.29.3 mi
- Edinburg Municipal Park4.711.1 mi
- Main Event Pharr4.43.9 mi
- Reynosa Cultural Park4.38.4 mi
- Gelman Stained Glass Museum4.76.5 mi
- International Museum of Art & Science4.45.1 mi
- Kreative Grounds Café4.93.1 mi
- Museum of South Texas History4.810.8 mi
- Edinburg Municipal Park4.711.1 mi
- Reynosa Cultural Park4.38.4 mi
- Santa Ana National Wildlife Refuge4.79.6 mi
- Tres Lagos Park4.711.8 mi
- Bentsen-Rio Grande Valley State Park4.67.8 mi
- Topgolf Pharr4.53.6 mi
- Los Lagos Golf Course & Putter's Grill4.510.5 mi
- Champion Lakes Golf Course4.41.1 mi
- Tierra Del Sol Golf Course3.84.6 mi
- Ebony Hills Golf Club4.29.5 mi
- La Plaza4.61.6 mi
- Pulga de Álamo4.57.8 mi
- Plaza Sendero4.410.6 mi
- Ross Dress for Less4.42.9 mi
- Sprouts Farmers Market4.66.3 mi
- McAllen International Airport4.41 mi
- Aeropuerto Internacional de Reynosa4.211.1 mi
- Airport MFE4.61.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A popular local park featuring walking trails and recreational space.
A major regional shopping destination located within a short drive of the ZIP.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.