Sell Your Commercial Property In Hidalgo County, TX

Who rents in Hidalgo County

McAllen is the largest city in Hidalgo County, with 145,385 residents and 19,809 renter households, about 22.5% of the county's 87,939 renter households. Edinburg carries the highest renter share of the six cities tracked here, at 46.7% of its 35,680 occupied homes, ahead of Pharr at 40.9% and Weslaco at 43.6%.

Owners still outnumber renters countywide. Hidalgo County counts 182,271 owner-occupied homes against 87,939 renter households, a roughly two-to-one split. San Juan leans hardest toward owners, with a 20.2% renter share, while Mission sits closer to the county average at 28.6%.

Rents, growth and affordability

Hidalgo County's median gross rent climbed 30.4%, from $734 to $957, between the 2015-2019 and 2020-2024 surveys. Population grew more slowly over the same span, up 4.3% to 891,977 residents, an increase of 36,801 people. Renter households rose 15.4%, adding 11,757 households.

Supply grew too. Units in 5+ unit buildings in Hidalgo County increased 23.2%, adding 4,951 units. Rental vacancy sits at 6.7%, below the 7.7% Texas rate in the same survey, and 48.7% of Hidalgo County renters paid 30% or more of income on gross rent.

HUD's FY2027 two-bedroom Fair Market Rent for the McAllen-Edinburg-Mission metro area is $1,017, effective October 1, 2026, a figure $60 above the county's $957 median gross rent. Hidalgo County's rent also runs well below the $1,403 Texas median, a gap that shows up in local underwriting.

City-by-city comparison

McAllen holds the largest apartment stock among the six cities, with 33.8% of Hidalgo County's units in 5+ unit buildings and a 7.7% rental vacancy rate, the highest in the table. San Juan sits at the other end, with a 1.8% vacancy rate and only 3.4% of its units in larger buildings.

Rent ranges from $950 in Mission to $1,049 in McAllen, a narrower spread than in many Texas counties. Weslaco pairs a 43.6% renter share with 14.5% of its units in 5+ buildings, while Pharr runs a similar renter share but only 5.8% of units in larger buildings, pointing to more single-family rentals there.

Property taxes and assessment in Hidalgo County

Under Texas Tax Code Section 23.01, the Hidalgo County Appraisal District values apartment buildings and other commercial property at market value as of January 1 each year. There is no cap on year-over-year increases for non-homestead property, so a sale price can feed directly into the next appraisal.

Texas levies no state or local real estate transfer tax, so the only government charge tied to a Hidalgo County closing is the county clerk's flat deed-recording fee, not a percentage of the sale price. A full tax bill also layers in school district, city and any special district rates on top of the county's own levy.

What this means if you sell in Hidalgo County

When you sell commercial property in Hidalgo County, TX, you sell into a market where renters hold 32.5% of households and 6.7% rental vacancy, below the statewide 7.7% rate. Buyers will weigh a McAllen property's 7.7% vacancy differently than a San Juan building near 1.8%, so trailing occupancy by city matters more here than a single countywide figure.

Rent control is not a factor. Texas Local Government Code Section 214.902 allows it only after a disaster-related housing emergency with the governor's approval, leaving rents in McAllen, Edinburg and the rest of Hidalgo County to the market. Anyone selling an apartment building in Hidalgo County should also expect the buyer to underwrite next year's appraisal, not the current tax bill, since values reset every January 1.

As a multifamily buyer in Hidalgo County, we review 5+ unit buildings from McAllen to Pharr as they stand today. Send a current rent roll, a T-12 and the latest tax statement, and we will price the building on those numbers.