Is McAllen a good place to invest in real estate?
Is McAllen a good place to invest in real estate? The cost of living, growth, affordability and amenities makes it a top alternative in the US. Many first-time homebuyers prefer McAllen, Texas for its appealing real estate scene. Standing at a whopping $85,000 less than the national median home value, it is definitely one of the most affordable US cities.
Is McAllen Texas a good rental market? The housing experts at Zillow claim that homes in McAllen have appreciated by as much as 0.6 percent in the last year, which is considerably lower than the national average – but still an improvement. For as soft as the buyers market is, the renters market remains competitive.
Why is real estate so cheap in McAllen Tx? McAllen, Texas is one of the cheapest places to live in and is one of America’s best-kept secrets. The first reason for it being one of the cheapest areas to reside in is the city’s access to diverse amenities such as education.
Is investing in Texas real estate a good idea? Texas, as a whole, has a great real estate market. According to Zillow data, the current median home value is $295,319. Home values have risen about 24% over the past year. It’s a strong seller’s market, which means homes are selling fast and fetching a high sale price.