Market Intelligence · TX / Mcallen

Mcallen, TX 78503 Housing Market

The typical home value in McAllen 78503 is $180,637, down 0.5% over the past year. The median list price stands at $260,000, with homes staying on the market for a median of 79 days.

Updated August 2026Median value$180K

The median home value in Mcallen, TX 78503 is $180K as of August 2026, down 0.7% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 78503 range

$166K to $195K

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

-0.7% over 12 months

Typical home value in 78503 over the last 12 months: $182K in Aug 2025 to $180K in Aug 2026 (-0.7%).

Aug 2025$182K

Aug 2026$180K

The numbers

What is the 78503 housing market like?

Typical home value

$180K

Down0.7%YoY

Median list price

$260K

Down5.7%MoM

Days on market

79

Down13.2%MoM

Homes for sale

117

Up11.4%MoM

Price cuts

5.4%

Down67.2%MoM

New listings

16

Up33.3%MoM

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

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The comparison

How do 78503 home prices compare?

  • 78503$180,304
  • Mcallen$197,253
  • Texas$262,445
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Mcallen: 3 ZIPs; Texas: 1,512 ZIPs; United States: 26,265 ZIPs).

Context

There are currently 117 homes for sale in this ZIP, with 16 new listings as of the most recent snapshot. The median list price is $260,000, and homes spend a median of 79 days on market before selling. Only 5.4% of listings have received a price cut, which is relatively low. For sellers, the combination of extended time on market and minimal price adjustments suggests a buyer's market where patience and realistic pricing will be essential.

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