Penitas, TX housing market
The typical Penitas home is worth about $164,000, down 1% in a year, 45% below the Texas typical home.
Home values, sales, trends and how Penitas compares with the towns next door — updated as new data is published.
Penitas at a glance
Only 4 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 | Penitas | Texas |
|---|---|---|
| 2017 | $81,000 | $190,000 |
| 2018 | $79,000 | $202,000 |
| 2019 | $86,000 | $214,000 |
| 2020 | $97,000 | $223,000 |
| 2021 | $119,000 | $242,000 |
| 2022 | $130,000 | $286,000 |
| 2023 | $148,000 | $313,000 |
| 2024 | $160,000 | $311,000 |
| 2025 | $167,000 | $311,000 |
| 2026 | $170,000 | $303,000 |
| August 2026 | $164,000 | $299,000 |
25 new homes permitted in 2025
Builders were permitted 25 new homes in Penitas in 2025: 17 single-family houses and 8 in buildings with two or more homes, worth about $6.4 million to build. That's 3.9 per 1,000 residents, slower than across Texas (8.1). Over the past 10 years, Penitas has permitted 125 homes in all.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 8 | 8 | 0 | $1.8 million |
| 2025 | 25 | 17 | 8 | $6.4 million |
| 2024 | 13 | 13 | 0 | $1.2 million |
| 2023 | 73 | 7 | 66 | $11.4 million |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 2 | 2 | 0 | $149,000 |
| 2016 | 12 | 12 | 0 | $1.3 million |
| 2015 | 17 | 17 | 0 | $2.3 million |
| 2014 | 22 | 22 | 0 | $4.2 million |
| 2013 | 22 | 22 | 0 | $900,000 |
| 2012 | 27 | 23 | 4 | $890,000 |
How Penitas 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.
Penitas and its neighbors
3.4 years of income
The typical Penitas home costs about 3.4 years of the town's median household income, less than across Texas (3.8 years).
How Penitas 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 $980
HUD's Fair Market Rent for a two-bedroom in Penitas is $980 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Penitas pay a median of $697, so moving in tends to cost more than staying put. A two-bedroom takes about 24% of the town's median household income.
Studio $770 · 4 bedrooms $1,410
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (78572, 78576; McAllen-Edinburg-Mission, 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.