The story of this market
The typical home in ZIP 78516 sells for about $239,000, or $159 per square foot.
Homes take about 90 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,100 a month.
ZIP 78516 — Alamo
The 78516 housing market in Alamo, TX, shows steady conditions with a median home price of $239,000. The market is characterized by affordability and a stable, community-focused environment, though specific inventory and sales velocity metrics remain limited.
This ZIP is well-suited for family buyers and those seeking an affordable, community-oriented environment with strong local ties.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 90 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 27.6% — a mixed stability profile.
ZCTA 78516
The area benefits from a vibrant local economy and is situated in the heart of the Rio Grande Valley, supporting a mix of small-town living and modern amenities.
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).
The area features a variety of local dining, shopping, and recreational facilities within the community.
The rental market offers affordable options with a median rent of $1,100 per month.
The local economy is described as vibrant, supported by the broader Rio Grande Valley regional industry mix.
Data retrieved from Census Reporter profile for ZCTA 78516.
- Dave & Buster's McAllen4.310.1 mi
- Helium Trampoline Park4.411.3 mi
- Sky Park Kids4.211.4 mi
- Recreation Center 5th Blayser4.214.8 mi
- Aqua Planet Waterpark3.36.5 mi
- Bert Ogden Arena4.59.9 mi
- Payne Arena4.48.4 mi
- McAllen Convention Center4.710.7 mi
- Golden Corral Buffet & Grill4.17.7 mi
- Topgolf Pharr4.57.7 mi
- Basilica Of Our Lady of San Juan del Valle - National Shrine4.96.1 mi
- Cinemark Pharr Town Center XD and ScreenX4.58.1 mi
- AMC Edinburg 184.210.9 mi
- Edinburg Municipal Park4.711.7 mi
- Main Event Pharr4.48 mi
- Reynosa Cultural Park4.310.9 mi
- Gelman Stained Glass Museum4.75.9 mi
- International Museum of Art & Science4.411.3 mi
- Kreative Grounds Café4.99.5 mi
- Museum of South Texas History4.813 mi
- Edinburg Municipal Park4.711.7 mi
- Reynosa Cultural Park4.310.9 mi
- Santa Ana National Wildlife Refuge4.73 mi
- Firemen's Park4.68.8 mi
- Estero Llano Grande State Park4.89.6 mi
- Topgolf Pharr4.57.7 mi
- Tierra Santa Golf Course4.46.4 mi
- Los Lagos Golf Course & Putter's Grill4.511 mi
- Champion Lakes Golf Course4.410.5 mi
- Tierra Del Sol Golf Course3.85.2 mi
- La Plaza4.69 mi
- Pulga de Álamo4.55.4 mi
- Ross Dress for Less4.47.7 mi
- Burlington4.27.9 mi
- Sprouts Farmers Market4.611.6 mi
- Valley International Airport4.528.8 mi
- McAllen International Airport4.48.8 mi
- Aeropuerto Internacional de Reynosa4.210.3 mi
- Airport MFE4.68.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The area is dotted with a variety of local dining and shopping facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.