Interested in purchasing investment houses in the 78503 zip code in Mcallen, TX?
The zip code 78503 is in Hidalgo county with a latitude of -98.247640000000 and longitude of 26.165310000000, is in the state of Texas. The average asking price of houses and condos is $330,011.00 and the average sale price was $82,824.00. this regions is classified as the Brownsville metro area. The location in degrees is 26° 9' 55.116" N, 98° 14' 51.504" W. The county F.I.P.S. is 48215. This zip code contains two cities including McAllen, TX (70.13%), and Hidalgo, TX (0.02%) The total land area is 17.0 square miles and the water area is 0.2 square miles. The elevation in this area is 98 - 112 feet. The zip code is on central standard time and observes daylight savings time.
The zip 78503 is in county number 215 and is L. Sector 12, L. Segment , H. Sector , and H. Segment . The population was 21,880 in 2019 and 21,706 in 2010. Of this, the break down in 2019 was 21,241 urban and 638 rural. This further breaks down to 10,740 males (49.1%) and 11,139 females (50.9%). The median age of residents is 32.9 years. The population of the greater McAllen-Edinburg-Mission, TX area is 764,406. The population density (people per square mile) is 1,290. This zip code has a combined total of 8,171 houses and condos. There are 2,348 rented appartments. 36% of residents rent versus the 36% 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 $44,336 and the average salary is $35,242. The median household income of individuals is $34,790.00 and the average is $51,600.00. This zip code has a mean commute time to work of 20.2 minutes. The unemployment rate is 5.3%. Income earners by percent breakdown as 68.00% (Under $50,000), 21.60% ($50,000-$100,000), and 10.40% earn over $100,000. 30.4% of residents live below poverty line versus the 13.6% in the state that are below this line. The cost of living index is 82.7. The educational breakdown is 60.9% have a high school education or higher, 25.5% have a bachelor's degree or higher, and 7.0% have some kind of profesional degree.
This area has 6,279 households and the average size is 3.3 people. Individuals who are single and have never been married are 32.4%, 52.4% are now married, 3.7% are separated, 6.9% are widowed, and 4.6% are divorced. The average yearly contribution amount given by people to charity was $4,840 versus the state average of $6,808. The percent of residents who gave to charity was 9.7%.
The estimated median value of houses and condos is $101,397. The median monthly owner costs of mortgage holders was $1,094, where as the costs for those who don't have a mortgage are $448. The median number of rooms in houses and condos are 5.4 versus apartments which had a median number of 4.1.
The real estate tax percent rate is 2.1% which equated to an average real estate tax amount payment of $2,180. 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 2.3% which amounted to an average tax amount of $2,866. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.9% which amounted to an average tax amount of $1,773. Reported taxable interest for persons was $3,962, dividends $16,175, capital gains +$42,434, and itemized deductions $24,075. The average earned income tax credit is $2,993. The percent of individuals that use a tax preparer is 68.8%. The total average income taxes paid by individuals was $5,871. Businesses reported an average profit of $12,767.
Santa Fe Steakhouse & Cantina
1918 S 10th St, Mcallen, TX 78503
Mambo Seafood
4817 W Expressway 83, Mcallen, TX 78503
Texas Roadhouse
1224 E Jackson Ave, Mcallen, TX 78503
Tony Roma's
2121 S 10th St, Mcallen, TX 78503
Logan's Roadhouse
2224 S 10th St, Mcallen, TX 78503
Palenque Grill La Plaza Mall
2200 S 10th St Ste S21 La Plaza Mall, Mcallen, TX 78503
Salt Grass Steakhouse
3000 W Expressway 83, Mcallen, TX 78501 (2.8 miles away)
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