Housing Cost

The dream of owning a luxury home is well within reach in McAllen-Reynosa. Our low cost of living and city tax rates make it easy to afford the beautiful and expansive real estate that proliferates throughout the region. The average cost of a home in McAllen, Texas, the least expensive community in the country, is $225,165.25, while a two-bedroom/two-bath apartment rents for $622. The cost of living in McAllen is 23.7 percent cheaper than the national average.*

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Beyond its low costs, McAllen-Reynosa offers a number of other advantages for those who call it home. In 2015, McAllen was named the Best Place to Retire in the U.S. by Smart Asset .

*source http://www.cbsnews.com/pictures/10-cheapest-places-to-live-in-the-us/3/

Tres Lagos

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In 2016, the City of McAllen broke ground on one of the most significant residential developments in recent years - Tres Lagos, a master planned community spanning 2,571 acres, which includes 5,000 Single Family Homes, 1,000 Townhomes, 2,000 Multi-family apartments. It is the first development in South Texas to offer Gigabit speed Internet — 300x faster than average high speed Internet — as well as the first to offer a water reuse program that ensures no restriction irrigation while also supporting water conservation. The development will feature a multi-million-dollar community center complete with swimming and fitness facilities, sports courts, soccer fields and over 100 acres of lakes to enjoy paddle boats, swimming and fishing. Tres Lagos will also serve as the new home of the Texas A&M-McAllen campus.

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