Located at the southernmost tip of Texas some five miles from the border with Mexico, McAllen has a population of more than one hundred and ten thousand. This population number practically doubles from October through March, however, as retirees flood the region. The city's sub-tropical climate attracts those fleeing colder weather and in McAllen they find both a welcoming climate and a welcoming community.
McAllen serves the region as a center for shopping, cultural and social activities, and healthcare. It is one of the fastest growing cities in Texas and in the nation. The city has a pleasant, laid back, multicultural lifestyle and not surprisingly, McAllen, Texas real estate is becoming increasingly popular not only for those seeking a winter home but also for those looking for a permanent retirement location along the border.
In seeking McAllen, Texas real estate prospective buyers are looking at a community with some thirty-eight thousand housing units. On average expect to pay more than one hundred thousand dollars for homes. McAllen, Texas is a prosperous and rapidly growing community, so new construction in all architectural styles is almost constantly available.
If you are looking to rent in McAllen Texas real estate statistics suggest you will pay on average four hundred dollars a month for rental units although rent amounts vary widely. More than sixty percent of the population in McAllen lives in homes they own with approximately thirty-two percent occupying rental dwellings. At any give time approximately thirteen percent of the rental units are vacant.
With a median family income of around thirty-three thousand dollars an average price of one hundred thousand or so for McAllen Texas real estate is in line with the local degree of affluence. Bear in mind, however, that retirees and those seeking a winter home in the area are usually willing (and able) to pay substantially above market price for a property they really want. As McAllen continues to grow, expect real estate rates to climb.
As with any housing venue it is recommended that those seeking McAllen, Texas real estate work with a real estate professional. In a housing market as active as that which is present in McAllen, it is easy for people to be duped into buying a bad property or into paying too much for their home. This is especially true if you envision purchasing property just across the border in Mexico, an attractive proposition for those who want to live in a foreign country but have easy access to the United States.
In this rapidly growing sub-tropical border city, would-be new residents will have no problem finding homes. McAllen, Texas growth rates show little sign of slowing and increasingly the community is the center of what has been called the "Borderplex". As McAllen continues to lead this southernmost region of Texas in social and cultural activities and more importantly in healthcare, it will continue to be a considerable draw to those looking to settle in the area.