78516 — Alamo, TX Home Values
Typical home value $169,510 as of August 2026 · 13th of 25 in McAllen-Edinburg-Mission, TX
Blue: typical home value (Zillow ZHVI) in ZIP code 78516, August 2021 to August 2026. This page shows observed data only; no forecast.
How 78516 compares in the McAllen-Edinburg-Mission, TX area
ZIP code 78516 (Alamo, TX) has a typical home value of $169,510 as of August 2026, ranking 13th of 25 ZIP codes tracked in the McAllen-Edinburg-Mission, TX area, more expensive than about 52% of ZIP codes in the metro. Prices here have moved +3.1% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +33.8%, from $126,713 in August 2021 to $169,510 in August 2026. Against observed rent, the typical home here sells for 9.1× the annual rent ($1,550/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 78516 has a population of 34,960, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 91% Hispanic or Latino, 8.9% White, and 0.1% two or more races.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| MARCIA R GARZA | 810 E EL GATO, ALAMO, TX | 1 mi |
| PSJA MEMORIAL EARLY COLLEGE H S | 800 S ALAMO RD, ALAMO, TX | 2 mi |
| JOHN MCKEEVER EL | 1310 W RIDGE, ALAMO, TX | 2.1 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 78516?
$169,510 as of August 2026, the latest month Zillow has published observed data for.
Is 78516 an expensive ZIP code in the McAllen-Edinburg-Mission, TX area?
78516 ranks 13th of 25 ZIP codes in the McAllen-Edinburg-Mission, TX area by typical home value, more expensive than about 52% of ZIP codes in the metro.
How much have home values in 78516 changed over the past year?
+3.1% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 78516?
The typical home price is 9.1× the observed annual rent in this ZIP code ($1,550/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 78516?
34,960, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 78516?
MARCIA R GARZA (1 mi), PSJA MEMORIAL EARLY COLLEGE H S (2 mi), JOHN MCKEEVER EL (2.1 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 78516?
No. Every number on this page is observed Zillow data as of August 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.