Pharr, Texas is a moderately-sized city with a population of 75,172 residents. With a population density of 3,187 people per square mile, Pharr is well above the nation's average density level. If we take a look at the last Census, the vast majority of the population falls within one racial group (94% White). Given that fact, Pharr could be considered less diverse than other cities. Additionally, more than a quarter of the population of Pharr are of Hispanic or Latino origin, and 88% of the population also speak Spanish. With an average age of 28 years old, Pharr could be a great place to live for young adults as this age is well below the national average.
If you’re considering relocating to any new city, it could be a very intimidating task. However, it could also be a fulfilling experience if you are willing to get to know the town before actually living in Pharr, Texas. With useful information like amenities, crime, weather, employment, housing and other key data points, finding the best places to live in Pharr and in the areas around Pharr is a much easier task.
The livability score in Pharr is 82 out of 100 and the city is ranked in the 96th percentile of all cities across America. Clearly, Pharr is doing something right, as this score ranks well above the average of most cities. Another exciting tidbit, is that Pharr ranks better than 90% of all US cities! There are seven total categories that form the livability score. Pharr ranks well for amenities (A+), cost of living (A+), weather (A) and education (B-). There is at least one category that did not score well in Pharr. The following was graded with a less than perfect score: employment (F).
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Pharr, there is no shortage of amazing local amenities and interesting things to do.
From the cost of groceries to never ending utility bills, monthly expenses can add up in a hurry. We are happy to report that the cost of living in Pharr is actually 27.9% lower than the national average. You can definitely expect all those irritating monthly expenses to be less than most other cities.
The average school test scores in Pharr are 72%. This far exceeds the national average and ensures that this educational system will provide your children with the skills and the tools they need to thrive.
Assuming that Pharr meets all of your requirements, the next most important item to examine is the affordability of real estate in Pharr. Everything else becomes a lot less important if it turns out that home prices in Pharr are simply unattainable. The median home price for Pharr homes is $73,600, which is 48.4% lower than the Texas average. If we take a closer look at the affordability of homes in Pharr, we’ll see that the home price to income ratio is 2, which is 23.1% lower than the Texas average. For most people, purchasing a new home is the biggest investment they will make in their lifetime. Taking a look at overall real estate appreciation rates in Pharr will offer some insight into determining if your home purchase will be a solid investment for years to come. In Pharr, the year-over-year appreciation rates were 8.9%, and the 5 year appreciation rates came in at 4.8%.