Interested in purchasing investment houses in the 78501 zip code in Mcallen, TX?
The zip code 78501 is in Hidalgo county with a latitude of -98.239170000000 and longitude of 26.215830000000, is in the state of Texas. The average asking price of houses and condos is $255,767.00 and the average sale price was $21,667.00. this regions is classified as the Brownsville metro area. The location in degrees is 26° 12' 56.988" N, 98° 14' 21.012" W. The county F.I.P.S. is 48215. This zip code contains two cities including McAllen, TX (99.54%), and Pharr, TX (0.46%) The total land area is 15.3 square miles and the water area is 0.0 square miles. The elevation in this area is 112 - 118 feet. The zip code is on central standard time and observes daylight savings time.
The zip 78501 is in county number 215 and is L. Sector 11, L. Segment , H. Sector , and H. Segment . The population was 63,753 in 2019 and 61,219 in 2010. This further breaks down to 31,321 males (49.1%) and 32,432 females (50.9%). The median age of residents is 35.6 years. The population of the greater McAllen-Edinburg-Mission, TX area is 764,406. The population density (people per square mile) is 4,157. This zip code has a combined total of 24,513 houses and condos. There are 9,935 rented appartments. 46% of residents rent versus the 46% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $40,656 and the average salary is $33,598. The median household income of individuals is $33,200.00 and the average is $43,650.00. This zip code has a mean commute time to work of 18.9 minutes. The unemployment rate is 5.3%. Income earners by percent breakdown as 66.40% (Under $50,000), 24.00% ($50,000-$100,000), and 9.60% earn over $100,000. 24.0% of residents live below poverty line versus the 13.6% in the state that are below this line. The cost of living index is 81.8. The educational breakdown is 73.1% have a high school education or higher, 27.2% have a bachelor's degree or higher, and 7.6% have some kind of profesional degree.
This area has 20,235 households and the average size is 2.9 people. Individuals who are single and have never been married are 33.8%, 45.3% are now married, 3.4% are separated, 6.6% are widowed, and 10.8% are divorced. The average yearly contribution amount given by people to charity was $4,272 versus the state average of $6,808. The percent of residents who gave to charity was 10.9%.
The estimated median value of houses and condos is $117,430. The median monthly owner costs of mortgage holders was $1,196, where as the costs for those who don't have a mortgage are $431. The median number of rooms in houses and condos are 5.7 versus apartments which had a median number of 3.7.
The real estate tax percent rate is 2.0% which equated to an average real estate tax amount payment of $2,315. In comparision, the average real estate tax percent rate in the state is 1.7% which equated to an average real estate tax amount payment in the state of $3,390. The median housing property tax percent for residents with mortgages was 2.0% which amounted to an average tax amount of $2,805. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.8% which amounted to an average tax amount of $1,797. Reported taxable interest for persons was $3,037, dividends $8,658, capital gains +$19,481, and itemized deductions $20,835. The average earned income tax credit is $2,892. The percent of individuals that use a tax preparer is 63.5%. The total average income taxes paid by individuals was $4,812. Businesses reported an average profit of $10,750.
Salt Grass Steakhouse
3000 W Expressway 83, Mcallen, TX 78501
Mama's Pizzeria & Italian Kitchen
401 N 10th St, McAllen, TX 78501
Mama Mia Pizzeria
100 E Us Highway 83, Mcallen, TX 78501
Romano's Macaroni Grill
3500 W Expressway 83, Mcallen, TX 78501
Il Forno A Legna
3817 N 10th St., Ste#5, Mcallen, TX 78501
Palenque Chicken
1050 S 10th St, McALLEN, TX 78501
Republic of the Rio Grande
1411 S 10th St, Mcallen, TX 78501
The Centennial Club
1410 Austin Ave, Mcallen, TX 78501
Roosevelt's at 7
821 N Main St, Mcallen, TX 78501
Salt
210 N Main St, Mcallen, TX 78501
The Patio on Guerra
116 S 17th St, Mcallen, TX 78501
Costa Messa Restaurant
1621 N 11th St, Mcallen, TX 78501
On The Border Mexican Grill & Cantina
800 Convention Center Blvd Embassy Suites By Hilton McAllen Convention Center, Mcallen, TX 78501
Don Pepe's Mexican Restaurant
306 N Mccoll Rd, Mcallen, TX 78501
Rosmanxc3xad
1600 N 10th St, Mcallen, TX 78501
El Callejon De Los Milagros
3300 W Expressway 83 Unit 100, Mcallen, TX 78501
P.F. Chang's
3100 W Frontage Rd, Mcallen, TX 78501
LongHorn Steakhouse
7401 N 10th St, McAllen, TX 78504 (2.8 miles away)
Santa Fe Steakhouse & Cantina
1918 S 10th St, Mcallen, TX 78503 (2.8 miles away)
Pappadeaux Seafood Kitchen
1610 W. Expressway 83, Pharr, TX 78577 (4 miles away)
Wing Street
651 N Nebraska Ave, San Juan, TX 78589 (5.2 miles away)
La Pesca Seafood Restaurant
524 W University Dr, Edinburg, TX 78539 (5.5 miles away)
Applebee's
306 E Mile 3 Rd, Mission, TX 78573 (6.7 miles away)
Olys Antojitos Mexicanos
923 S Alamo Rd, Alamo, TX 78516 (7.6 miles away)
El Mesquite
123 S International Blvd, Hidalgo, TX 78557 (7.9 miles away)
El Puerto Del Tio Jerry
2418 W Palma Vista Dr, Palmview, TX 78572 (10.2 miles away)
Papalotes Seafood
4020 N La Homa Rd, Palmview, TX 78574 (11 miles away)
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