Market Intelligence · TX / Mcallen

Mcallen, TX 78503 Housing Market

The typical home value in Mcallen, TX 78503 is $178,552, down 0.9% over the past year as of September 2026. Sellers are asking a median list price of $243,500, and homes are spending a median of 72 days on the market before going under contract.

Updated September 2026Median value$179K

The median home value in Mcallen, TX 78503 is $179K as of September 2026, down 0.9% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 78503 range

$164K to $193K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-0.9% over 12 months

Sep 2025$180K

Low $179KHigh $181K

Sep 2026$179K

The numbers

What is the 78503 housing market like?

As of September 2026

Typical home value

$179K

0.9%YoY

Median list price

$244K

6.3%MoM

Days on market

8.9%MoM

Homes for sale

114

2.6%MoM

Price cuts

12.3%

126.6%MoM

New listings

12.5%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

78503 housing market forecast 2027

+0.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 78503 to rise 0.8% by September 2027.

Over the 12 months through September 2026, typical home values in 78503 fell 0.9%, per the Zillow Home Value Index.

Will home prices drop in 78503?

Zillow's forecast does not call for a drop: it expects typical home values in 78503 to rise 0.8% by September 2027, after a 0.9% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 78503 home prices compare?

78503$178,552
Mcallen$194,342
Texas$258,447
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Mcallen: 3 ZIPs; Texas: 1,512 ZIPs; United States: 26,262 ZIPs).

Context

Home values in Mcallen, TX 78503 have softened slightly, with the typical home value at $178,552, down 0.9% over the past year as of September 2026. There are 114 homes for sale, and only 14 new listings came on the market in September 2026. Homes are taking a median of 72 days to sell, which suggests buyers have time to be selective. Just 12.3% of listings have taken a price cut, so most sellers have not yet adjusted their asking prices. For a seller, the data points to a market where realistic pricing from the start matters more than waiting for conditions to improve.

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Down payment20% · $35,710

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Common questions

What people ask us.

How much is a home in 78503 worth?

The typical home value in Mcallen, TX 78503 is $178,552 as of September 2026, down 0.9% over the past year. The median list price is $243,500.

How long does it take to sell a home in 78503?

Homes in 78503 are spending a median of 72 days on the market as of September 2026. There were 114 homes for sale and 14 new listings in September 2026.

Are sellers in 78503 cutting prices?

As of September 2026, 12.3% of listings in 78503 had taken a price cut. That means most listings have held their original asking price.

Discover

Nearby ZIP markets.

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