How much is a home worth in ZIP code 78503?

The typical home in 78503 is worth $181,298, based on the Zillow Home Value Index.

Are home values rising in 78503?

Home values in 78503 are down 0.5% over the past year, and up 6.2% a year over five years.

What is the typical rent in 78503?

A typical home in 78503 rents for about $1,340 a month, a gross rental yield of 8.9%.

What is the property tax rate in 78503?

The effective property tax rate in 78503 is 1.7% — roughly $3,156 a year on a typical home.

ZIP code 78503 has a population of 22,621 and a median household income of $53,322.

HousingHandbookReference data

…

U.S. ZIP Code · TX78503

Hidalgo County · McAllen-Edinburg-Mission, TX

Typical home value

$181,298^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.5%
5-year / yr: +6.2%
10-year / yr: +6.4%

Relative price

vs U.S.: -36.2%
vs metro: +6.8%
vs state: -30.7%

Price history

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

The typical home in 78503 is worth $181,298 — 6.8% above the McAllen-Edinburg-Mission, TX median. Over the past year, values have fallen 0.5%. Homes here rent for a typical $1,340 a month — a 8.9% gross rental yield. The effective property tax rate is 1.7%.

#Rent & investment

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

Monthly rent: $1,340^[2]
Gross yield: 8.9%^[2]
Cap rate: 5.3%^[2]

#Property tax

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

Effective tax rate: 1.7%^[3]
Typical annual tax: $3,156^[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: 22,621^[3]
Median household income: $53,322^[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: 6
Elementary: 4
Middle: 2
High: 0

IDEA LOS ENCINOS ACADEMY
Elementary · Grades K–5 · IDEA PUBLIC SCHOOLS
769 students
IDEA LOS ENCINOS COLLEGE PREPARATORY
Middle · Grades 6–10 · IDEA PUBLIC SCHOOLS
640 students
BROWN MIDDLE
Middle · Grades 6–8 · MCALLEN ISD
583 students
ESCANDON EL
Elementary · Grades PK–5 · MCALLEN ISD
465 students
ROOSEVELT EL
Elementary · Grades PK–5 · MCALLEN ISD
409 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.

Home value$Monthly rent$

Gross yield8.9%

Net yield (after ~40% expenses)5.3%

Annual rent$16,078

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$917

Loan principal$145,038

Down payment$36,260

Total interest paid$184,988

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.99

Monthly cost to own$1,331

Monthly rent$1,340

Owning and renting are roughly even.

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: 42nd percentile^[1]
Rental yield: 87th percentile^[2]
Property tax: 68th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 78503?: The typical home in 78503 is worth $181,298, based on the Zillow Home Value Index.
Are home values rising in 78503?: Home values in 78503 are down 0.5% over the past year, and up 6.2% a year over five years.
What is the typical rent in 78503?: A typical home in 78503 rents for about $1,340 a month, a gross rental yield of 8.9%.
What is the property tax rate in 78503?: The effective property tax rate in 78503 is 1.7% — roughly $3,156 a year on a typical home.
Who lives in 78503?: ZIP code 78503 has a population of 22,621 and a median household income of $53,322.

#Comparable ZIPs

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

78589 vs 78503 →
San Juan, TX
Typical home
$183,310
Gross yield
—
78599 vs 78503 →
Weslaco, TX
Typical home
$189,653
Gross yield
6.7%
78557
Hidalgo, TX
Typical home
$191,399
Gross yield
—
78516
Alamo, TX
Typical home
$169,810
Gross yield
8.9%
78574
La Homa CDP, TX
Typical home
$194,629
Gross yield
11.3%
78596
Weslaco, TX
Typical home
$167,397
Gross yield
7.6%

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#Jump to section

U.S. ZIP Code · TX78503

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