Pharr, TX housing market
Typical home value
$161K
▼ 1.9% 1 yr
Typical rent
$1,116/mo
▼ 2.1% 1 yr
Gross rent yield
8.3%
U.S. 6.3%
5-year home value change
+27%
U.S. +20%
Key takeaways
- 1The typical home in Pharr is worth $160,714, down 1.9% over the past year and up 27% over five years.
- 2Typical rent is $1,116 a month (−2.1% YoY), a gross rent yield of 8.3% (above the McAllen, TX metro's 7.1%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $883/mo, $233 less than typical rent.
- 4Zillow forecasts the McAllen, TX metro's home values to change +0.9% over the next 12 months.
Market temperature (McAllen, TX metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 33/100, #390 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Pharr compares
| Measure | Pharr | McAllen, TX metro | United States |
|---|---|---|---|
| Typical home value | $160,714 | $188,971 | $366,157 |
| Home value, 1-yr change | −1.9% | −0.4% | +1.2% |
| Typical rent | $1,116 | $1,119 | $1,932 |
| Rent, 1-yr change | −2.1% | +0.9% | +2.7% |
| Gross rent yield | 8.3% | 7.1% | 6.3% |
| Price-to-rent ratio | 12.0 | 14.1 | 15.8 |
| Mortgage P&I, typical home | $883 | $1,038 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Pharr rental, pre-filled.
Rent vs buy in Pharr
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $161K home.
Landlord in Texas? See Texas deposit, late fee and notice rules.
Other cities in the McAllen, TX metro
Edinburg, TX
$213K home$1,027 rent
▲ 0.5% 1 yr
McAllen, TX
$227K home$1,300 rent
▲ 0.5% 1 yr
Mission, TX
$217K home$1,319 rent
▼ 1.2% 1 yr
Weslaco, TX
$175K home$1,103 rent
▼ 1.5% 1 yr
Alton, TX
$188K home$1,022 rent
▼ 2.9% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.