You will discover the Retail Real Estate market in McAllen is a winning combination of affordable, comfortable, and infused with the unique style of the Southwest. The housing market has certainly blossomed to match the steadily growing population
of the Rio Grande Valley.
Here is a basic break-down of the numbers on Retail Real Estate in McAllen and the vicinity.
The median home price in McAllen is $115,400, while the median rent for a one bedroom apartment is $723. To put it in perspective, the median salary in McAllen, TX, is $44,254, and this puts rents and house payments in a very desirable range for singles and families.
Recent residential developments and subdivisions complement classic historic neighborhoods such as the De Palmas Historic District. Many of the homes, (both vintage and new) are tucked away on secluded, shady streets in a collection of regional architectural styles.
The city of McAllen’s efficient public transit system was established in 2001 to serve the Central Station bus terminal located in the heart of the downtown district. Today, about 700,000 residents and visitors ride the Metro lines each year.
A stand-out housing project and “must see” is Water Walk, the 10-acre housing development created by Catherine Hardwicke, who has directed a variety of famous films such as 2011’s Red Riding Hood, 2008’s Twilight and 2005’s Lords of Dogtown. She designed the neighborhood during her time as an architecture student at The University of Texas at Austin in 1979.
Embracing more than 120 Mediterranean-style townhomes, Water Walk includes a shimmering one-acre lake with fountains and a beautiful waterfall. Amenities include tennis courts, cozy sitting areas, and swimming pools. While each home is unique, they are all finished with white stucco and topped with red tile roofs reflecting the rich Mexican heritage of the region.
The northern region of McAllen has seen a recent surge in its number of subdivisions and gated communities, making it a popular location for family homes.
A consistent increase in new home construction has also meant a robust employment market for many levels of construction workers, equipment operators, and skilled tradesmen.
Healthy living in a community is partially defined by residents having access to affordable, quality doctors and state-of-the-art, well-staffed hospitals. As a solid base, McAllen is the home of DHR Health, the largest physician-owned hospital in the nation.
Founder and Chief Administrative Officer Carlos Cardenas, M.D states, “When you look at the pillars that make up the foundation of any community, when it comes to economic development, health care is one of those key pillars. We’ve been focused on that – to be able to build that part of what we need to do to be able to make this a great community to recruit and retain (businesses and families),”
As an added benefit, for The University of Texas Rio Grande Valley School of Medicine offers an outstanding, top-tier education designed to give students real-world scientific, clinical and research skills. Both Undergraduate and Graduate Programs are available.
One more worth mentioning is McAllen Medical Center and McAllen Heart Hospital – is a Level III Trauma Center. An accredited chest pain center, McAllen Heart Hospital was named among the top 10 percent in the nation for overall cardiac services and coronary interventional procedures for 2018.
A city’s health takes into consideration the choices residents are making to lower their personal health risk. Here are figures indicating how McAllen, TX residents stack up against other areas in TX in terms of leading a healthy lifestyle.
Here are some telling health statistics on McAllen, Texas residents:
• 75% lead a healthy, active life-style (regular exercise, sports, walking, running, yoga)
• 85% are non-smokers
• 63% maintain their ideal healthy weight
• 62% have health insurance
McAllen has a bounty of parks, jogging trails, and out-door exercise areas. McAllen’s residents have easy-access to more than 20 public and private golf courses‚ square dancing events and wildlife trails to stay active.
A shifting population of “Winter Texans” also live in mobile-home parks and RV campgrounds; with a growing number setting up permanent residence after falling in love with McAllen.
McAllen’s has proven to a popular place for families, retirees, young entrepreneurs and tech savvy innovators. Combined with a lively business environment and diverse job market, it offers a semi-tropical climate, international culture and lots of activities for every age and taste.