Pharr, Texas.
Typical home $160,714 (-1.9% in a year), asking rent $1,116 (-2.1%). McAllen-Edinburg-Mission, TX metro.
to buy the typical home at today's mortgage rate — +$473 (+128%) since Jan 2020.
- 1 year
- Down $3,156 -2%
- $163,871$160,714 since Sep 2025
- 5 years
- Up $34,260 +27%
- $126,454$160,714 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Pharr$844
- Texas$1,556
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in Pharr, TX fell 1.9% over the past year — slower than the nation's +1.2%.
Asking rents in Pharr, TX fell 2.1% over the past year — slower than the nation's +2.7%.
Owning the typical home in Pharr runs $116/mo more than renting one. The gap peaked at $179 in Apr 2024.
That is $1,232 a month against $1,116 rent: a $844 mortgage payment, plus $217 property tax and $172 insurance & upkeep.
Owning vs renting — Pharr
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$1,232
- Renting$1,116
- Mortgage only$844
Property tax · $217/mo 1.62% of value a year — the ACS 2020-2024 median bill over the median home value for Hidalgo County, TX
Insurance & upkeep · $172/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Pharr, Hidalgo County, Texas
Pharr is a city of 79,715 people in Hidalgo County. Half its households earn more than $52,814 a year and half less, against $54,338 across Hidalgo County; 28% of its people live below the poverty line. 59% of its homes are lived in by their owners and 41% are rented. Unemployment in Pharr was 6.1% in August 2026, and Hidalgo County had 1.6% more jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Pharr is a city in Hidalgo County in the Rio Grande Valley, and it is a young place, with residents who are younger on average than across much of the country. Household incomes run a little below the county's, and more people live below the poverty line than most would expect. Most homes are lived in by their owners, and fewer adults hold a four-year degree than in many other parts of the country. Winters are mild, with January the coldest month and still pleasantly warm by the standards of most of the country, while summers are very hot, with August the warmest month, and the year brings a modest amount of rain.
Work. Many residents work in schools, hospitals and social care, followed by shops, restaurants, hotels and entertainment, and professional and business services. The largest workplaces in Pharr include the Pharr-San Juan-Alamo school district, Valley View school district and H-E-B. Unemployment has eased compared with a year ago, and the county as a whole has added a few more jobs. Most people get to work in a fairly short commute, and only a small number work from home.
Things to do. For time outdoors, Santa Ana National Wildlife Refuge is a protected area a short drive away, and the Lower Rio Grande Valley National Wildlife Refuge is another protected area a longer drive away. The McAllen Botanical Gardens, a botanical garden a short drive away, offer a quiet place to walk among plants. The Museum of South Texas History is also a short drive away, for those who prefer an indoor afternoon.
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- 23,877households
- 19%of adults have a degree
- 28%below the poverty line
- 21 mintypical commute
- 6%work from home
What residents work in
Employed residents by industry, from the Census survey. Hidalgo County had 296,499 jobs in 2025, 1.6% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 73° and lows near 53°; warmest in August, with highs near 100° and lows near 79°. About 22 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Mcallen Miller International Airport weather station, 4 miles away (NOAA).
Largest workplaces in Pharr
- Pharr-san Juan-alamo ISDSchool district4,635FTE
- Valley View ISDSchool district581FTE
- H-E-BRetail399
- Costco WholesaleWholesale grocer243
- Unimex LogisticsGeneral freight trucking, long-distance, truckload231
- American Electric Power174
- D & F IndustriesLow voltage electrical work146
- Lowe's Companies, INCHomecenter136
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 28 workplaces with 20 or more staff, 2,495 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesRelatively high
- HurricanesRelatively high
- Hailrelatively high in parts of PharrRelatively moderate
- Heat wavesrelatively high in parts of PharrRelatively moderate
- Ice stormsRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Pharr’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Hidalgo County and the McAllen-Edinburg-Mission, TX metro.
Pharr home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Pharr$160,714
- Texas$296,424
- United States$366,157
Sellers are cutting prices on about 1 in 6 Pharr listings, and the typical home goes pending in 63 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Pharr17.25%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Pharr63
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Pharr272
New listings per month
Sellers arriving at the market.
- Pharr44
Zip codes with a Pharr address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Pharr — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.