Department of Numbers

McAllen Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in McAllen, TX (the McAllen-Edinburg-Mission metro area) was $697 in 2016 according to the Census ACS survey.1 Average gross rent in McAllen was $643 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 McAllen median and average rent data will be released in September of 2018.

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.

Show dollars as: Nominal Real

Real Gross Rent in McAllen Texas (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Texas Median Gross Rent $956 +1.27% +10.90%
McAllen, TX Median Gross Rent $697 -0.29% +5.77%

McAllen, TX Real Gross Rent Trends

Median gross rent for McAllen peaked in real terms in 2015 at $699 and is now $2 (0.29%) lower. Average gross rent for McAllen peaked in real terms in 2015 at $683 and is now $40 (5.86%) lower.

Real Gross Rent in McAllen: McAllen TX Median, McAllen TX Average, Texas Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for McAllen

Date US
Median
Texas
Median
McAllen, TX
Median
McAllen, TX
Average
2016 $981 $956 $697 $643
2015 $972 $944 $699 $683
2014 $942 $903 $674 $637
2013 $910 $862 $659 $621
2012 $898 $844 $631 $599
2011 $898 $839 $633 $588
2010 $912 $855 $649 $591
2009 $916 $858 $638 $610
2008 $932 $869 $693 $637
2007 $885 $824 $636 $590
2006 $895 $834 $626 $580
2005 $869 $801 $634 $596

McAllen Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for McAllen Texas was 6.16% according to Census ACS data.

Rental Vacancy Rate in McAllen Texas

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Texas 7.65% +0.70% -0.21%
McAllen, TX 6.16% -3.68% +1.02%

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 7.69% to 6.16%. Data records for this series originated in 2005. From a 2013 post peak low of 5.14%, the rental vacancy rate has increased by 1.02%.

Rental Vacancy Rate: McAllen TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for McAllen

Date US Texas McAllen, TX
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%
2008 7.86% 10.24% 10.65%
2007 7.87% 10.61% 11.50%
2006 7.70% 10.28% 13.85%
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 23.12% in 2016 according to the ACS.

McAllen Texas Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Texas 20.28% +0.19% +0.39%
McAllen, TX 23.12% -0.05% +0.73%

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 2.89% to 23.12%. From a 2010 low of 21.63%, the fraction of income going to rent has increased by 1.49%.

Fraction of Income towards Rent: McAllen TX, Texas, US

Percent of median household income going towards median monthly gross rent in McAllen Texas

Historical Data for Annual Rent as a Fraction of Income in McAllen Texas

Date US Texas McAllen, TX
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%
2008 19.00% 18.42% 24.33%
2007 18.66% 18.52% 22.46%
2006 18.90% 18.99% 22.36%
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 2016 33.78% of households were renters according to Census ACS data.

McAllen Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Texas 38.91% -0.03% +0.75%
McAllen, TX 33.78% +3.27% +1.16%

Trends in the McAllen, TX Renter Fraction

At 33.78%, the 2016 household based renter fraction in McAllen was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: McAllen TX, Texas, US

Fraction of renters in McAllen

History of McAllen Renter Fraction

Date US Texas McAllen, TX
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%
2008 33.36% 35.10% 30.63%
2007 32.80% 34.82% 29.46%
2006 32.73% 34.75% 29.06%
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.