Palm Valley, TX housing market
The typical Palm Valley home is worth about $248,000, down 2.1% in a year, 17% below the Texas typical home.
Home values, sales, trends and how Palm Valley compares with the towns next door — updated as new data is published.
Palm Valley at a glance
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Palm Valley | Texas |
|---|---|---|
| 2017 | $164,000 | $190,000 |
| 2018 | $169,000 | $202,000 |
| 2019 | $175,000 | $214,000 |
| 2020 | $166,000 | $223,000 |
| 2021 | $183,000 | $242,000 |
| 2022 | $221,000 | $286,000 |
| 2023 | $243,000 | $313,000 |
| 2024 | $246,000 | $311,000 |
| 2025 | $253,000 | $311,000 |
| 2026 | $251,000 | $303,000 |
| August 2026 | $248,000 | $299,000 |
No new homes permitted in 2025
No permits for new homes were issued in Palm Valley in 2025. The last year with any was 2024 (1 new home).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Palm Valley gained 109 residents while 5 new homes were permitted: about 22 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Texas: 2.6 new residents per new home.
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) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 1 | 1 | 0 | $177,000 |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 3 | 3 | 0 | $712,000 |
| 2018 | 1 | 1 | 0 | $145,000 |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 1 | 1 | 0 | $175,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 1 | 1 | 0 | $165,000 |
| 2006 | 1 | 1 | 0 | $175,000 |
| 2005 | 1 | 1 | 0 | $235,000 |
| 2004 | 1 | 1 | 0 | $235,000 |
| 2003 | 1 | 1 | 0 | $235,000 |
| 2002 | 3 | 3 | 0 | $706,000 |
| 2001 | 3 | 3 | 0 | $555,000 |
| 2000 | 2 | 2 | 0 | $449,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Palm Valley and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Palm Valley | $248K | −2.1% | $1,190 | 0 | $99,438 |
| Harlingen | $202K | −1.6% | $1,110 | 361 | $53,645 |
2.5 years of income
The typical Palm Valley home costs about 2.5 years of the town's median household income, less than across Texas (3.8 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,190
HUD's Fair Market Rent for a two-bedroom in Palm Valley is $1,190 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Palm Valley pay a median of $1,340. A two-bedroom takes about 14% of the town's median household income.
Studio $880 · 4 bedrooms $1,680
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (78552; 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.