McAllen, TX, known for affordable housing, experienced a significant decline in local homebuyer interest over the past six years. In spring 2025, 65% of home shopping traffic shifted to listings outside the city, marking a 30% increase from 2019. The median home price reached $274,950 in June 2025, up 38% since 2019. Additionally, the unemployment rate hit 6% in May 2025, prompting local buyers to search for homes in nearby metros like Austin and San Antonio due to better job opportunities and higher salaries.
"Like many affordable markets, McAllen, TX, attracted new residents during the pandemic due to its low cost of living. However, as home prices rose and return-to-office trends resumed, some of that migration has started to reverse."
In June 2025, the median home list price in McAllen was $274,950, up more than 38% from the same period in 2019, leading to decreased buyer interest.
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