Cities with the most expensive homes in the McAllen metro area

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.

The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

compiled a list of cities with the most expensive homes in the McAllen metro area using data from . Charts show the monthly typical home value since January 2018. Data was available for 31 cities and towns.

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#30. La Villa, TX

- Typical home value: $123,584
- 1-year price change: +2.9%
- 5-year price change: +30.6%

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#29. Sullivan City, TX

- Typical home value: $127,023
- 1-year price change: +1.1%
- 5-year price change: +48.0%

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#28. Progreso, TX

- Typical home value: $127,358
- 1-year price change: +2.8%
- 5-year price change: +54.0%

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#27. Elsa, TX

- Typical home value: $140,442
- 1-year price change: +0.7%
- 5-year price change: +47.4%

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#26. Mercedes, TX

- Typical home value: $143,088
- 1-year price change: +0.8%
- 5-year price change: +35.1%

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#25. La Blanca, TX

- Typical home value: $146,916
- 1-year price change: +7.4%
- 5-year price change: +53.0%

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#24. Edcouch, TX

- Typical home value: $147,360
- 1-year price change: +5.0%
- 5-year price change: +49.4%

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#23. Doffing, TX

- Typical home value: $151,994
- 1-year price change: +0.0%
- 5-year price change: +38.8%

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#22. Donna, TX

- Typical home value: $154,183
- 1-year price change: +3.5%
- 5-year price change: +37.5%

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#21. Abram, TX

- Typical home value: $154,474
- 1-year price change: +2.6%
- 5-year price change: +34.4%

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#20. Citrus City, TX

- Typical home value: $158,931
- 1-year price change: +6.7%
- 5-year price change: +86.3%

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#19. La Joya, TX

- Typical home value: $160,709
- 1-year price change: -0.5%
- 5-year price change: +32.3%

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#18. Penitas, TX

- Typical home value: $164,433
- 1-year price change: -1.0%
- 5-year price change: +28.9%

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#17. Pharr, TX

- Typical home value: $165,451
- 1-year price change: -1.8%
- 5-year price change: +27.0%

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#16. La Homa, TX

- Typical home value: $167,353
- 1-year price change: +2.9%
- 5-year price change: +47.4%

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#15. Alton North, TX

- Typical home value: $170,031
- 1-year price change: -0.3%
- 5-year price change: +32.0%

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#14. Alamo, TX

- Typical home value: $173,878
- 1-year price change: +2.8%
- 5-year price change: +32.7%

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#13. West Sharyland, TX

- Typical home value: $179,528
- 1-year price change: +1.8%
- 5-year price change: +32.9%

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#12. Weslaco, TX

- Typical home value: $179,820
- 1-year price change: -1.5%
- 5-year price change: +32.1%

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#11. San Juan, TX

- Typical home value: $181,938
- 1-year price change: -0.4%
- 5-year price change: +28.5%

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#10. Palmview, TX

- Typical home value: $184,444
- 1-year price change: -1.0%
- 5-year price change: +32.5%

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#9. Hidalgo, TX

- Typical home value: $190,033
- 1-year price change: -2.3%
- 5-year price change: +25.9%

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#8. Alton, TX

- Typical home value: $190,190
- 1-year price change: -2.0%
- 5-year price change: +29.1%

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#7. Olivarez, TX

- Typical home value: $192,784
- 1-year price change: +2.0%
- 5-year price change: +39.3%

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#6. Edinburg, TX

- Typical home value: $217,369
- 1-year price change: +0.8%
- 5-year price change: +28.2%

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#5. Mission, TX

- Typical home value: $219,583
- 1-year price change: -0.9%
- 5-year price change: +24.9%

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#4. McAllen, TX

- Typical home value: $229,066
- 1-year price change: +0.5%
- 5-year price change: +26.8%

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#3. Palmhurst, TX

- Typical home value: $285,972
- 1-year price change: +1.2%
- 5-year price change: +27.1%

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#2. Progreso Lakes, TX

- Typical home value: $357,599
- 1-year price change: +3.1%
- 5-year price change: +28.2%

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#1. Linn, TX

- Typical home value: $364,140
- 1-year price change: +1.6%
- 5-year price change: +23.8%

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