McAllen is a medium-sized city located in the state of Texas. The city has a population of 138,475 people. According to the most recent Census, 82% of McAllen residents are White, 3% Asian and 1% Black. Additionally, more than a quarter of the population of McAllen are of Hispanic or Latino origin, and 76% of the population also speak Spanish. McAllen tends to attract a younger crowd, as the median age of 32 is far below the national average.
Are you trying to ascertain if living in McAllen is the right fit for your lifestyle? To ensure a fulfilling experience before relocating to any new city in Texas, you will probably want to make sure that you check all of the most important boxes. With useful information like amenities, crime, cost of living, housing and other key data points, finding the best places to live in McAllen and in the areas around McAllen is a much easier task.
The livability score in McAllen is 84/100 and the city is ranked in the 98th percentile of all cities across America. Pack your bags! This is a very high score in comparison to other US cities. Living in McAllen could be a great choice! McAllen has also earned the rare honour of ranking in the top 10 percentile among all cities. If we dig a little deeper into each category within the livability score, we see that McAllen has higher than average scores for the following: amenities (A+), crime (B-), cost of living (A+), weather (A) and education (B+). Unfortunately for McAllen, there are some categories for which it does not score well, this includes: employment (D) and housing (D).
Being close to public transportation, grocery stores, parks and other conveniences are all important when weighing your options for a new home in McAllen. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in McAllen are affordable. The median home price for McAllen homes is $117,500, which is 17.7% lower than the Texas average. If we take a closer look at the affordability of homes in McAllen, we’ll see that the home price to income ratio is 2.6, which is 0% lower than the Texas average. Purchasing your new home can come with many financial benefits, some of which are more lucrative than others. Perhaps the most notable benefit could be the appreciation of your new home. Home appreciation rates are a good way to generate tax-free equity on a long term basis. The year over year appreciation rates in McAllen were 3.4%, and the 5 year appreciation rates came in at 4.1%.