Is McAllen Texas a right place for investment?

[Farzan Setayesh]

I read on National *** of Investor that McAllen Texas is on of top 20 places to invest in 2020? Do you know the area? And why it has so much potential?

[Art Perkitny]

@Farzan Setayesh

@Farzan Setayesh

Not a local investor, but here is a data driven look at the market conditions in McAllen Texas

Two of the most important market performance indicators, population and median home values, have been increasing steadily for the past decade   

Rents have followed a similar trend 

The chart to the right shows median household incomes over time, which have also been increasing. 

Lastly, education rates are up somewhat since 2010 while poverty rates are down.

SNAPs (supplemental nutrition assistance program) rate is up a bit however. 

All in all, the data seems to agree with what you read. The key performance indicators suggest that this is a good growth market with a lot of future potential. 

Hope this helps!