1031 Exchange McAllen, Texas

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in McAllen due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan area Area

McAllen, Texas is a part of the McAllen-Edinburg-Mission, TX metropolitan area area, and contains 5 zip codes: 78505, 78503, 78504, 78502, and 78501.

McAllen Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the McAllen, TX metropolitan area area was $759, which is 7.51% lower than 2014 average rent. This represents a compounded annual growth rate of 1.46%. 2019 vacancy in McAllen, TX was 4.10%.

The total population of the city of McAllen, TX has grown 10.44% since 2010. As of 2018, the population was 47,279. The median household income of the McAllen was $143,433, which is 21.58% lower than the national average.

  • metropolitan area area McAllen-Edinburg-Mission, TX
  • avg rent $759
  • rent growth 7.51%
  • vacancy 4.10%
  • median income $143,433
  • population (2018) 47,279
  • population growth 10.44%
  • vs. nat'l avg 21.58%
  • zip codes 78501 78502 78503 78504 78505

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