U.S. ZIP Code · TX78516
Hidalgo County · McAllen-Edinburg-Mission, TX
Appreciation
- 1-year
- +3.7%
- 5-year / yr
- +7.3%
- 10-year / yr
- +7.7%
Relative price
- vs U.S.
- -40.2%
- vs metro
- ≈ metro median
- vs state
- -35.1%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 78516 is worth $169,810. Over the past year, values have risen 3.7%. Homes here rent for a typical $1,263 a month — a 8.9% 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.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#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
#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
- 12
- Elementary
- 7
- Middle
- 2
- High
- 2
PSJA MEMORIAL EARLY COLLEGE H S
High · Grades 9–12 · PHARR-SAN JUAN-ALAMO ISD
1,946 students
VANGUARD MOZART
Other · Grades PK–12 · VANGUARD ACADEMY
1,209 students
IDEA COLLEGE PREPARATORY ALAMO
High · Grades 6–12 · IDEA PUBLIC SCHOOLS
763 students
AUDIE MURPHY MIDDLE
Middle · Grades 6–8 · PHARR-SAN JUAN-ALAMO ISD
757 students
JOHN MCKEEVER EL
Elementary · Grades PK–5 · PHARR-SAN JUAN-ALAMO ISD
722 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 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.
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.
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.
Frequently asked
- How much is a home worth in ZIP code 78516?
- The typical home in 78516 is worth $169,810, based on the Zillow Home Value Index.
- Are home values rising in 78516?
- Home values in 78516 are up 3.7% over the past year, and up 7.3% a year over five years.
- What is the typical rent in 78516?
- A typical home in 78516 rents for about $1,263 a month, a gross rental yield of 8.9%.
- What is the property tax rate in 78516?
- The effective property tax rate in 78516 is 1.5% — roughly $2,541 a year on a typical home.
- Who lives in 78516?
- ZIP code 78516 has a population of 34,370 and a median household income of $53,229.
#Comparable ZIPs
Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.
Weslaco, TX
- Typical home
- $167,397
- Gross yield
- 7.6%
Penitas, TX
- Typical home
- $167,365
- Gross yield
- —
Pharr, TX
- Typical home
- $163,981
- Gross yield
- 8.5%
La Joya, TX
- Typical home
- $158,678
- Gross yield
- 6.7%
McAllen, TX
- Typical home
- $181,298
- Gross yield
- 8.9%
San Juan, TX
- Typical home
- $183,310
- Gross yield
- —
Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →
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Pit ZIP 78516 against any other ZIP — full side-by-side table.
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