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Hidalgo County Housing Market

New Mexico · 33 counties · Ranked #504 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$114,000

vs national$114,000 vs $281,900 national

Median Gross Rent

$803/mo

vs national$803 vs $1,163 national

Effective Tax Rate

0.46%

vs national0.46% vs 1.02% national

Median Household Income

$49,076

vs national$49,076 vs $74,755 national

Affordability Ratio

2.3x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

34.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$526

Tax as % of Home Value

0.46%

Monthly Owner Cost

$537

Renter Income

$25,962

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Frequently Asked Questions

What is the median home value in Hidalgo County?

The median home value in Hidalgo County is $114,000. This is below the national median of $281,900.

How much is rent in Hidalgo County?

The median gross rent in Hidalgo County is $803 per month.

What is the property tax rate in Hidalgo County?

The effective property tax rate in Hidalgo County is 0.46%. The median annual property tax bill is $526.

Is Hidalgo County affordable?

With a home-value-to-income ratio of 2.3x, Hidalgo County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.