HousingHandbookReference data

U.S. ZIP Code · TX78501

Hidalgo County · McAllen-Edinburg-Mission, TX

Typical home value

$196,837[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-0.6%
5-year / yr
+5.5%
10-year / yr
+6.2%

Relative price

vs U.S.
-30.7%
vs metro
+15.9%
vs state
-24.8%
ZIP 78501 location in TX
Location of ZIP 78501 in TX

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 78501 is worth $196,837 — 15.9% above the McAllen-Edinburg-Mission, TX median. Over the past year, values have fallen 0.6%. Homes here rent for a typical $1,171 a month — a 7.1% gross rental yield. The effective property tax rate is 1.5%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,171[2]
Gross yield
7.1%[2]
Cap rate
4.3%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.5%[3]
Typical annual tax
$2,986[3]

#Climate risk

FEMA National Risk Index ratings for Hidalgo County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively High[4]
Riverine flood
Relatively High
Coastal flood
Not Applicable
Wildfire
Relatively Low
Drought
Relatively High
Heat wave
Relatively High
Hurricane
Very High
Tornado
Relatively High
Earthquake
Relatively Low
Winter weather
Relatively High

#Who lives here

Population
58,935[3]
Median household income
$48,071[3]

#Migration

Household moves in and out of Hidalgo County over a year, from IRS tax-return data.

Net migration
-898[5]
Moved in
8,132
Moved out
9,030

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
27
Elementary
13
Middle
2
High
9
  • MCALLEN H S

    High · Grades 9–12 · MCALLEN ISD

    2,152 students

  • MEMORIAL H S

    High · Grades 8–12 · MCALLEN ISD

    2,060 students

  • ROWE H S

    High · Grades 9–12 · MCALLEN ISD

    1,910 students

  • CATHEY MIDDLE

    Middle · Grades 6–8 · MCALLEN ISD

    829 students

  • IDEA MCALLEN COLLEGE PREPARATORY

    High · Grades 6–12 · IDEA PUBLIC SCHOOLS

    807 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield7.1%
Net yield (after ~40% expenses)4.3%
Annual rent$14,050

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$995
Loan principal$157,470
Down payment$39,367
Total interest paid$200,844

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.20
Monthly cost to own$1,409
Monthly rent$1,171

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
4th percentile[1]
Rental yield
53rd percentile[2]
Property tax
41st percentile[3]

Frequently asked

How much is a home worth in ZIP code 78501?
The typical home in 78501 is worth $196,837, based on the Zillow Home Value Index.
Are home values rising in 78501?
Home values in 78501 are down 0.6% over the past year, and up 5.5% a year over five years.
What is the typical rent in 78501?
A typical home in 78501 rents for about $1,171 a month, a gross rental yield of 7.1%.
What is the property tax rate in 78501?
The effective property tax rate in 78501 is 1.5% — roughly $2,986 a year on a typical home.
Who lives in 78501?
ZIP code 78501 has a population of 58,935 and a median household income of $48,071.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Mission, TX

    Typical home
    $196,184
    Gross yield
    8.1%
  • La Homa CDP, TX

    Typical home
    $194,629
    Gross yield
    11.3%
  • Hidalgo, TX

    Typical home
    $191,399
    Gross yield
  • Weslaco, TX

    Typical home
    $189,653
    Gross yield
    6.7%
  • Linn CDP, TX

    Typical home
    $205,459
    Gross yield
    6.9%
  • San Juan, TX

    Typical home
    $183,310
    Gross yield

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