Hidalgo County, Texas Housing Market

In Hidalgo County, Texas, the median home value is $140,900, with a median monthly rent of $957. This places Hidalgo County at #2362 nationally out of 3134 counties by median home value, and #166 within Texas.

Median Home Value $140,900
Median Rent $957/mo
Owner Occupancy 67.5%
Price/Rent Ratio 12.3

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Hidalgo County rose +4.1% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

237,712
jobs (private sector)
  • Avg weekly wage: $763
  • Establishments: 13,837
  • BLS QCEW, 2025
🏗️

Housing Supply

7,301
new units authorized (2025)
  • Single-family: 4,523
  • Multi-family: 2,778
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+5793
net migration (filers, 2021-2022)
  • Inflow: 303,996 (avg $47,811)
  • Outflow: 298,203 (avg $47,839)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 10 active ZIP codes in Hidalgo County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 78572 254.6 +10.12% 2025
2 78577 277.5 +1.13% 2025
3 78539 255.0 +1.29% 2025
4 78574 263.3 +3.54% 2025
5 78503 216.0 +7.05% 2025
6 78542 266.2 +4.47% 2025
7 78596 228.7 +5.46% 2025
8 78589 255.5 -0.65% 2025
9 78504 251.7 +2.82% 2025
10 78501 289.1 +0.05% 2025

Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.

How Hidalgo County Compares

MetricHidalgo CountyTexas AverageU.S. Average
Median Home Value $140,900 $186,278 $227,706
Median Gross Rent $957 $997 $968
Owner Occupancy Rate 67.5% 73.2% 73.3%
Price/Rent Ratio 12.3 15.2 18.7

Market Analysis

The median home value in Hidalgo County is 24.4% below the Texas state average and 38.1% below the U.S. national average. The median rent of $957/month is 4.0% below the state average.

With a price-to-rent ratio of 12.3, buying a home in Hidalgo County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.

Hidalgo County has an owner-occupancy rate of 67.5%, compared to 73.2% in Texas and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.

Similar Counties by Home Value

CountyStateMedian Home ValueMedian Rent
Carroll County Kentucky $140,900 $910
Drew County Arkansas $140,800 $725
Orleans County New York $140,800 $874
Paulding County Ohio $140,800 $812
Powell County Kentucky $141,100 $747

Other Counties in Texas

CountyMedian Home ValueMedian RentOwner Occ.
Carson County $143,000 $956 79.2%
Cameron County $136,500 $912 65.2%
Jasper County $136,400 $848 79.0%
Callahan County $145,500 $817 80.9%
Cass County $146,400 $852 76.6%

Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).