Learn About McAllen, Texas
McAllen combines attractively affordable prices for investment real estate with the reputation of being one of the few areas in the US still showing appreciation in real estate values.
As a result, the McAllen area is popping up in more and more articles and on more and more real estate-oriented web sites as being a very attractive place to buy and own investment property.
Useful Web Sites
Texas A&M - The Real Estate Center
Useful Articles & Reports
Best Places to Live - Where the Jobs Are
Hidalgo County, Texas
Towns include: McAllen
Job Growth (2000-2006): 41.4%
Remember the Alamo, but don't forget about the rest of Hidalgo County, which is not home to that Alamo, but to the one named for the Alamo Land and Sugar Co., which also is considered something of a historical landmark. The resurgent Rio Grande is home to some of the fastest-growing real estate hotspots in the country, making the region prime ground for construction and building trade growth along with all the good things that accompany such activity.
Where the Growth Is
McAllen, Texas 12-month forecast: 9.8%
Median home price:$130,000
Median mortgage loan as a percentage of income: 25%
Five-year price change: 26.5%
Worst 1-year decline: -12.3%
Year of worst decline: 1988-89
