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Located in the southern part of the state of Texas and city in Hidalgo County, it sits in the lower area of the Rio Grande valley. Pharr is one of several cities that are in the area that has a mixed economy which includes mixed farms, gas, and oil. The area was first settled in the 1900s and was then named after a local sugarcane farmer, the area was developed as processing and shipping point for the irrigated agricultural area that produces various products such as cotton, citrus fruits, and vegetables. The area’s economy was then expanded upon the discovery of natural gas and oil. Since then, Pharr’s population has grown over the years, which was largely due to the influx of retirees and the surge of the Hispanic population in the city.

Home Prices

AVERAGE
197,690 -6%
MEDIAN
157,500 -2%

Relative Price (per sqft.)

PRICE
89 -0%

Listings

ACTIVE
132 +6%
NEW
32 -11%

Market Duration

DAYS
71 -25%
Population 73,790 (55.70%)
House Size (sqft.) 1,740 (-8.30%)