McAllen Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in McAllen, TX (the McAllen-Edinburg-Mission metro area) was $763 in 2019 according to the Census ACS survey.1 Average gross rent in McAllen was $720 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 McAllen median and average rent data will be released in September of 2021.
Data is also available below for McAllen rental vacancy rates, McAllen rent as a percent of median income and the fraction of renters in McAllen.
Real Gross Rent in McAllen Texas (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Texas Median Gross Rent | $1,091 | +2.44% | +8.99% |
| McAllen, TX Median Gross Rent | $763 | +6.56% | +4.52% |
McAllen, TX Real Gross Rent Trends
At $763, real median gross rent in McAllen was at its highest level in 2019 since the series began in 2005. At $720, real average gross rent in McAllen was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in McAllen: McAllen TX Median, McAllen TX Average, Texas Median, US Median
Real Gross Rent History for McAllen
| Date | US Median |
Texas Median |
McAllen, TX Median |
McAllen, TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $763 | $720 |
| 2018 | $1,077 | $1,065 | $716 | $681 |
| 2017 | $1,043 | $1,018 | $717 | $664 |
| 2016 | $1,027 | $1,001 | $730 | $673 |
| 2015 | $1,017 | $989 | $732 | $715 |
| 2014 | $986 | $946 | $705 | $667 |
| 2013 | $953 | $902 | $690 | $650 |
| 2012 | $940 | $884 | $661 | $628 |
| 2011 | $941 | $878 | $663 | $616 |
| 2010 | $955 | $895 | $679 | $619 |
| 2009 | $960 | $898 | $668 | $638 |
| 2007 | $927 | $862 | $666 | $618 |
| 2005 | $910 | $839 | $664 | $624 |
McAllen Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for McAllen Texas was 9.67% according to Census ACS data.
Rental Vacancy Rate in McAllen Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| McAllen, TX | 9.67% | -1.07% | +3.51% |
Trends in McAllen, TX Rental Vacancy Rate
The rental vacancy rate in McAllen peaked in 2006 at 13.85%. Since then it has fallen by 4.18% to 9.67%. Data records for this series originated in 2005. From a 2013 post peak low of 5.14%, the rental vacancy rate has increased by 4.53%.
Rental Vacancy Rate: McAllen TX, Texas, US
Historical Rental Vacancy Rate data for McAllen
| Date | US | Texas | McAllen, TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | 9.67% |
| 2018 | 6.15% | 8.21% | 10.74% |
| 2017 | 6.18% | 8.49% | 7.36% |
| 2016 | 5.89% | 7.65% | 6.16% |
| 2015 | 5.85% | 6.95% | 9.84% |
| 2014 | 6.32% | 7.30% | 7.15% |
| 2013 | 6.49% | 7.86% | 5.14% |
| 2012 | 6.77% | 8.53% | 5.39% |
| 2011 | 7.40% | 9.23% | 6.74% |
| 2010 | 8.17% | 10.60% | 5.39% |
| 2009 | 8.43% | 10.69% | 8.21% |
| 2007 | 7.87% | 10.61% | 11.50% |
| 2005 | 7.74% | 10.60% | 13.09% |
Rent as a Fraction of Income
Using median household income data for McAllen, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For McAllen, median monthly gross rent as a fraction of median household income was 21.90% in 2019 according to the ACS.
McAllen Texas Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Texas | 20.45% | -0.26% | +0.16% |
| McAllen, TX | 21.90% | +0.36% | -1.22% |
Trends in McAllen, TX Rent as a Fraction of Income
The fraction of median McAllen household income required to pay median monthly gross rent peaked in 2005 (relative to the 2005 series origin) at 26.01%. Since then it has fallen by 4.10% to 21.90%. From a 2018 low of 21.54%, the fraction of income going to rent has increased by 0.36%.
Fraction of Income towards Rent: McAllen TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in McAllen Texas
| Date | US | Texas | McAllen, TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 21.90% |
| 2018 | 20.50% | 20.70% | 21.54% |
| 2017 | 20.13% | 20.00% | 22.48% |
| 2016 | 20.43% | 20.28% | 23.12% |
| 2015 | 20.63% | 20.10% | 23.17% |
| 2014 | 20.89% | 20.27% | 23.03% |
| 2013 | 20.78% | 19.89% | 22.39% |
| 2012 | 20.65% | 19.65% | 22.07% |
| 2011 | 20.70% | 19.75% | 23.71% |
| 2010 | 20.50% | 19.77% | 21.63% |
| 2009 | 20.12% | 19.59% | 23.09% |
| 2007 | 18.66% | 18.52% | 22.46% |
| 2005 | 18.89% | 19.11% | 26.01% |
Renter Fraction in McAllen Texas
You can calculate the renter fraction in McAllen in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in McAllen as a fraction of total McAllen households. In 2019 31.84% of households were renters according to Census ACS data.
McAllen Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Texas | 38.12% | -0.16% | -0.79% |
| McAllen, TX | 31.84% | +0.45% | -1.94% |
Trends in the McAllen, TX Renter Fraction
The McAllen household renter fraction peaked in in 2016 at 33.78% and is now 1.94% below that level. The origin year for the series is 2005.
Fraction of Renting Households: McAllen TX, Texas, US
History of McAllen Renter Fraction
| Date | US | Texas | McAllen, TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 31.84% |
| 2018 | 36.05% | 38.28% | 31.39% |
| 2017 | 36.13% | 38.03% | 33.63% |
| 2016 | 36.88% | 38.91% | 33.78% |
| 2015 | 36.97% | 38.94% | 30.51% |
| 2014 | 36.90% | 38.84% | 31.99% |
| 2013 | 36.50% | 38.16% | 32.62% |
| 2012 | 36.09% | 37.72% | 32.75% |
| 2011 | 35.42% | 37.08% | 31.41% |
| 2010 | 34.65% | 36.42% | 31.96% |
| 2009 | 34.13% | 36.32% | 31.00% |
| 2007 | 32.80% | 34.82% | 29.46% |
| 2005 | 33.10% | 35.29% | 29.96% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
