Weslaco, Texas Housing Market Prices
Weslaco Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 11% above the Texas median$287,253
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Median rent 33% below the Texas median$941
Housing Market Overview
| Metric | Weslaco | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $287,253 | $258,873 | $248,835 |
| Price Trend (Annual %) | 44.1% | 9.2% | 7.5% |
| Median Gross Rent | $941 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 5.9% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Weslaco is about 11% higher than in Texas. Rent is about 33% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Weslaco, up about 44.1% and 5.9% a year respectively. Home prices are changing faster.
Median rent in Weslaco rose about 62.6% between 2015 and 2024, from $579 to $941. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 5.0 yearly household incomes in Weslaco.
Buying the median-priced home in Weslaco costs roughly 25.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Weslaco. The price-to-rent ratio in Texas is about 15.4.
| Metric | Weslaco | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $287,253 | $258,873 | $248,835 |
| Median Household Income | $57,072 | $78,939 | $80,455 |
| Price-to-Income Ratio | 5.0 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Weslaco rose about 93.3%, while median household income rose about 73.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Weslaco | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.0% | 56.7% | 58.5% |
| Rental Rate | 33.6% | 33.9% | 31.2% |
| Vacancy Rate | 19.4% | 9.4% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Weslaco has a homeownership rate of 47.0%, lower than the Texas average of 56.7%. Its housing vacancy rate is 19.4%, compared with 9.4% in Texas.
Housing Stock
| Metric | Weslaco | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.99 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1997 | 1990 | 1978 |
| Median Number of Rooms | 4.7 | 5.4 | 5.5 |
The typical housing unit in Weslaco was built around 1997. On average, 3.0 people live in a home with about 4.7 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Weslaco, Texas.
What is the median home price in Weslaco, Texas?
The median home price in Weslaco, Texas is $287,253, higher than the Texas average of $258,873.
What is the average home price in Weslaco, Texas?
The typical home price in Weslaco, Texas, reported as the median sale price, is $287,253. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Weslaco, Texas?
The median gross rent in Weslaco, Texas is $941 per month, lower than the Texas average of $1,402.
What was the median gross rent in Weslaco in 2020?
In 2020, the median gross rent in Weslaco, Texas was $703 per month.
What is the price-to-rent ratio in Weslaco, Texas?
The price-to-rent ratio in Weslaco, Texas is about 25.4, meaning it would take roughly 25.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Weslaco.
Are home prices or rent rising faster in Weslaco, Texas?
Both home prices and rent are rising in Weslaco, up about 44.1% and 5.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Weslaco, Texas?
47.0% of households in Weslaco, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Weslaco, Texas?
The housing vacancy rate in Weslaco, Texas is 19.4%, higher than the Texas average of 9.4%.
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