The story of this market
The typical home in ZIP 78577 sells for about $198,900, or $142 per square foot.
Prices are down 3% from a year ago, which gives buyers more room to negotiate. Homes take about 78 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,017 a month.
ZIP 78577 — Pharr
The 78577 housing market is experiencing a cooling trend with median sale prices declining 3.0% year-over-year to $199,000. While sales volume has increased, homes are staying on the market longer, indicating a shift toward a more balanced or buyer-favorable environment.
This area primarily serves local family buyers and budget-conscious residents seeking entry-level housing within the McAllen-Edinburg-Mission metropolitan area.
Median prices moved down 3.0% year over year.
Homes spend a median of 78 days on market with 0.0 months of supply — a balanced-paced 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) — a stable, low-distress profile.
ZCTA 78577, Hidalgo County TX
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 local economy is anchored by the broader McAllen-Edinburg-Mission metropolitan area, which features a mix of retail, logistics, and cross-border trade industries.
Data sourced from U.S. Census Bureau 2020 DHC and 2011-2024 ACS 5-Year Estimates.
- Dave & Buster's McAllen4.35 mi
- Helium Trampoline Park4.47.3 mi
- Sky Park Kids4.26.2 mi
- Recreation Center 5th Blayser4.211.7 mi
- Aqua Planet Waterpark3.31.4 mi
- Bert Ogden Arena4.57.4 mi
- Payne Arena4.44.1 mi
- McAllen Convention Center4.75.6 mi
- Golden Corral Buffet & Grill4.13 mi
- Topgolf Pharr4.53.3 mi
- Basilica Of Our Lady of San Juan del Valle - National Shrine4.93.8 mi
- Cinemark Pharr Town Center XD and ScreenX4.53.8 mi
- AMC Edinburg 184.28.7 mi
- Edinburg Municipal Park4.710.1 mi
- Main Event Pharr4.43.6 mi
- Reynosa Cultural Park4.38.6 mi
- Gelman Stained Glass Museum4.73.8 mi
- International Museum of Art & Science4.46.9 mi
- Kreative Grounds Café4.94.8 mi
- Museum of South Texas History4.810.6 mi
- Edinburg Municipal Park4.710.1 mi
- Reynosa Cultural Park4.38.6 mi
- Santa Ana National Wildlife Refuge4.75.8 mi
- Firemen's Park4.64.1 mi
- Bentsen-Rio Grande Valley State Park4.612.1 mi
- Topgolf Pharr4.53.3 mi
- Los Lagos Golf Course & Putter's Grill4.59.4 mi
- Tierra Santa Golf Course4.411.4 mi
- Champion Lakes Golf Course4.45.3 mi
- Monte Cristo Golf & Country Club4.212.8 mi
- La Plaza4.63.8 mi
- Pulga de Álamo4.54.7 mi
- Plaza Sendero4.412.8 mi
- Ross Dress for Less4.42.9 mi
- Sprouts Farmers Market4.67.5 mi
- McAllen International Airport4.43.6 mi
- Aeropuerto Internacional de Reynosa4.29.9 mi
- Airport MFE4.63.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.