78503 — McAllen, TX Home Values
Typical home value $180,637 as of July 2026 · 12th of 25 in McAllen-Edinburg-Mission, TX
Blue: typical home value (Zillow ZHVI) in ZIP code 78503, July 2021 to July 2026. This page shows observed data only; no forecast.
How 78503 compares in the McAllen-Edinburg-Mission, TX area
ZIP code 78503 (McAllen, TX) has a typical home value of $180,637 as of July 2026, ranking 12th of 25 ZIP codes tracked in the McAllen-Edinburg-Mission, TX area, more expensive than about 56% of ZIP codes in the metro. Prices here have moved -0.5% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +28.8%, from $140,245 in July 2021 to $180,637 in July 2026. Against observed rent, the typical home here sells for 11.8× the annual rent ($1,270/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the McAllen-Edinburg-Mission, TX forecast for a modeled outlook, or browse the full ranked list of ZIP codes in McAllen.
Population and demographics
ZIP code 78503 has a population of 22,566, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 91.8% Hispanic or Latino, 3.7% another race, 3.2% White, 1% Asian, and 0.3% two or more races.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| ROOSEVELT EL | 4801 S 26TH ST, MCALLEN, TX | 0.4 mi |
| HOUSTON EL | 3221 OLGA AVE, MCALLEN, TX | 0.9 mi |
| STUDENT ALTER PROG | 3017 S 10TH ST, MCALLEN, TX | 1.2 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 78503?
$180,637 as of July 2026, the latest month Zillow has published observed data for.
Is 78503 an expensive ZIP code in the McAllen-Edinburg-Mission, TX area?
78503 ranks 12th of 25 ZIP codes in the McAllen-Edinburg-Mission, TX area by typical home value, more expensive than about 56% of ZIP codes in the metro.
How much have home values in 78503 changed over the past year?
-0.5% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 78503?
The typical home price is 11.8× the observed annual rent in this ZIP code ($1,270/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 78503?
22,566, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 78503?
ROOSEVELT EL (0.4 mi), HOUSTON EL (0.9 mi), STUDENT ALTER PROG (1.2 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 78503?
No. Every number on this page is observed Zillow data as of July 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the McAllen-Edinburg-Mission, TX forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.