Mercedes, TX housing market
The typical Mercedes home is worth about $143,000, up 0.8% in a year, 52% below the Texas typical home. Homes typically sell in 121 days, below asking.
Home values, sales, trends and how Mercedes compares with the towns next door — updated as new data is published.
Mercedes at a glance
A buyer's market
More homes are for sale than are selling — about 9 months of supply. Buyers have room to negotiate.
Typical home value, 2016–2026
Show as a table
| January | Mercedes | Texas |
|---|---|---|
| 2017 | $70,000 | $190,000 |
| 2018 | $70,000 | $202,000 |
| 2019 | $75,000 | $214,000 |
| 2020 | $82,000 | $223,000 |
| 2021 | $100,000 | $242,000 |
| 2022 | $109,000 | $286,000 |
| 2023 | $126,000 | $313,000 |
| 2024 | $143,000 | $311,000 |
| 2025 | $149,000 | $311,000 |
| 2026 | $144,000 | $303,000 |
| August 2026 | $143,000 | $299,000 |
279 new homes permitted in 2025
Builders were permitted 279 new homes in Mercedes in 2025: 173 single-family houses and 106 in buildings with two or more homes, worth about $60.6 million to build. That's 17 per 1,000 residents, faster than across Texas (8.1). Over the past 10 years, Mercedes has permitted 1,481 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Mercedes gained 688 residents while 535 new homes were permitted: about 1.3 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across Texas: 2.6 new residents per new home.
How Mercedes ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 168 | 117 | 51 | $37.9 million |
| 2025 | 279 | 173 | 106 | $60.6 million |
| 2024 | 268 | 182 | 86 | $59.9 million |
| 2023 | 326 | 220 | 106 | $74.7 million |
| 2022 | 64 | 52 | 12 | $7.4 million |
| 2021 | 228 | 158 | 70 | $16.9 million |
| 2020 | 68 | 68 | 0 | $6.2 million |
| 2019 | 60 | 58 | 2 | $5.4 million |
| 2018 | 59 | 57 | 2 | $5.3 million |
| 2017 | 53 | 51 | 2 | $4.8 million |
| 2016 | 76 | 76 | 0 | $6.6 million |
| 2015 | 35 | 31 | 4 | $2.7 million |
| 2014 | 27 | 23 | 4 | $2.5 million |
| 2013 | 52 | 47 | 5 | $3.7 million |
| 2012 | 31 | 31 | 0 | $2.4 million |
| 2011 | 68 | 63 | 5 | $5.9 million |
| 2010 | 74 | 64 | 10 | $6.1 million |
| 2009 | 167 | 43 | 124 | $8.5 million |
| 2008 | 25 | 25 | 0 | $2 million |
| 2007 | 90 | 79 | 11 | $7.7 million |
| 2006 | 94 | 72 | 22 | $6.4 million |
| 2005 | 244 | 46 | 198 | $14.1 million |
| 2004 | 69 | 65 | 4 | $5.9 million |
| 2003 | 37 | 37 | 0 | $1.7 million |
| 2002 | 34 | 34 | 0 | $1.5 million |
| 2001 | 65 | 65 | 0 | $1.6 million |
| 2000 | 12 | 10 | 2 | $469,000 |
Mercedes's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
How Mercedes ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Mercedes and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Mercedes | $143K | +0.8% | $970 | 279 | $46,904 |
| Heidelberg | — | — | $970 | — | $33,953 |
| Weslaco | $180K | −1.5% | $1,070 | 649 | $59,551 |
3.1 years of income
The typical Mercedes home costs about 3.1 years of the town's median household income, less than across Texas (3.8 years).
How Mercedes ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $970
HUD's Fair Market Rent for a two-bedroom in Mercedes is $970 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Mercedes pay a median of $812, so moving in tends to cost more than staying put. A two-bedroom takes about 25% of the town's median household income.
Studio $770 · 4 bedrooms $1,400
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (78570; Brownsville-Harlingen, TX MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.