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City · 11,285 residents · Hidalgo County, Texas

La Homa , Texas

In La Homa, a typical home is worth $109,200 and typical rent is $740 a month. Compared with all of Hidalgo County, typical household income is 32% lower, typical rent is 23% lower, and the share of households that own their home is 11 points higher.

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  • Typical home value

    $109,200

    22% below the county

    62% below Texas

    • La Homa
    • Hidalgo
    • Texas

  • Typical rent

    $740a month

    23% below the county

    47% below Texas

    • La Homa
    • Hidalgo
    • Texas

  • Typical household income

    $36,895a year

    32% below the county

    53% below Texas

    • La Homa
    • Hidalgo
    • Texas

  • Households that own their home

    79%

    11 points above the county

    16 points above Texas

    • La Homa
    • Hidalgo
    • Texas

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$163,717
1.8% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

La Homa is in Hidalgo County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Hidalgo County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets La Homa apart

What this place has that others do not, from public data, most unusual first.

  1. La Homa has the 6th lowest typical rent of the 413 cities in Texas with more than 5,000 people ($740).

  2. La Homa has the 9th lowest typical household income of the 424 cities in Texas with more than 5,000 people ($36,895).

  3. The typical home in La Homa is worth $109,200, 22% less than in Hidalgo County as a whole ($140,900).

  4. According to Zillow, in the 12 months to September 2026 the typical home value in La Homa rose 1.8%; in Texas, it fell 1.4%.

  5. 79% of households in La Homa own their home, against 67% in Hidalgo County.

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in La Homa

What homes there are in La Homa, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in La Homa: 76% of homes, more than in Hidalgo County (65%).

There are more mobile homes here than in Hidalgo County: 17% of homes, against 14%.

Year built

The typical year built in La Homa is 1999, about the same as in Hidalgo County (2000).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,256 a month

Hidalgo County: $1,486 a month

Without a mortgage

$448 a month

Hidalgo County: $472 a month

Owners with a mortgage

21%

Hidalgo County: 39%

The typical cost for an owner with a mortgage in La Homa is $1,256 a month, less than in Hidalgo County ($1,486); without one, $448.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The Census does not compare La Homa with 2015–2019 because its boundaries changed. In Hidalgo County, over that time, the typical home value rose 62%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureLa HomaHidalgo CountyTexasUnited States
Rental vacancy Unreliable estimate6.7%7.7%5.5%
Homeowner vacancy Unreliable estimate1.3%1.1%0.9%
More than one person per room 12.8%10.9%4.8%3.4%
People per household 3.753.272.692.53
Drive alone 82%75%71%69%
Carpool 13%11%10%9%
Public transit Unreliable estimate0%1%3%
Walk or bike Unreliable estimate1%2%3%
Work from home Unreliable estimate9%14%15%
Other means Unreliable estimate4%2%2%
Typical commute Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

More households are short on space in La Homa: 12.8% have more than one person per room; in Hidalgo County, 10.9%.

More people live in each home here: 3.75 on average, against 3.27 in Hidalgo County.

To get to work, 82% of workers in La Homa drive alone; in Hidalgo County, 75%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in La Homa?

A typical home is tight for the typical income

We start with a typical home in La Homa, worth $109,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 32% of the typical household income in La Homa, which is $36,895 a year. For that payment to be 28% of income, a household would need to earn about $41,624 a year.

The calculator's FHA and conventional loan limits are those of all of Hidalgo County.

Your numbers

Local data
$

Starts at the typical home value in La Homa. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $3,822 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$971

at 7.18% · 30 years

Loan amount
$107,222
Total interest
$154,267
Paid off in
November 2056

Includes $1,844 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $861 a month

  • Tight

    $861 to $1,107 a month

    Your payment · 32%

  • Hard

    more than $1,107 a month

Compared with the typical household income in La Homa ($36,895 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$971
Principal & interest$726
Property tax$151
Home insurance$46
FHA mortgage insurance (MIP)$48

You need at least $3,822 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

La Homa and Hidalgo County

La Homa is in Hidalgo County, Texas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

La Homa's own numbers

Typical home value
$109,200
Typical monthly rent
$740
Typical yearly household income
$36,895
Households that own their home
79%
Effective property tax rate
1.66%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Hidalgo County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,017
Price change over 5 years (FHFA)
+56%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Hidalgo County.

Everything about Hidalgo County

Buying

Buying a home in La Homa

A typical home in La Homa is worth $109,200: 22% below the county and 62% below Texas. With the typical household income in La Homa ($36,895 a year), a typical home costs 3.0 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • La Homa 3.0 years
  • Hidalgo 2.6 years
  • Texas 3.6 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Hidalgo County

According to FHFA’s house price index, home prices in Hidalgo County rose 88% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Hidalgo County.

Period County Texas U.S.
Last year (2025) +4.1% +0.8% +2.9%
5 years (2020–2025) +56% +44% +47%
10 years (2015–2025) +88% +88% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

La Homa next to Hidalgo County, Texas and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • La Homa $109,200
  • Hidalgo $140,900
  • Texas $283,800
  • United States $332,700
Typical monthly rent
  • La Homa $740
  • Hidalgo $957
  • Texas $1,403
  • United States $1,413
Typical yearly household income
  • La Homa $36,895
  • Hidalgo $54,338
  • Texas $78,476
  • United States $80,734
See the full table
La Homa next to Hidalgo County and Texas
Measure La Homa Hidalgo County Texas U.S.
Typical home value $109,200 $140,900 $283,800 $332,700
Typical monthly rent $740 $957 $1,403 $1,413
Typical yearly household income $36,895 $54,338 $78,476 $80,734
Households that own their home 79% 67% 63% 65%
Typical yearly property tax $1,818 $2,279 $4,232 $3,119
Effective property tax rate 1.66% 1.62% 1.49% 0.94%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Hidalgo County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in La Homa

For a typical $109,200 home in La Homa, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, La Homa's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $971a month

    Least cash to close
    Down payment
    $3,822
    Cash to close
    $7,098
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $48

  • Conventional, 5% down $951a month

    Down payment
    $5,460
    Cash to close
    $8,736
    Rate
    7.18%
    Mortgage insurance
    PMI · $52

  • Conventional, 20% down, no PMI $788a month

    Down payment
    $21,840
    Cash to close
    $25,116
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $889a month

    Down payment
    $16,380
    Cash to close
    $19,656
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for La Homa and for Hidalgo County.

Property tax

Effective rate in La Homa

1.66%of the home’s value each year

$1,818 a year for the typical owner in La Homa.

  • La Homa 1.66%
  • Hidalgo 1.62%
  • Texas 1.49%

What Texas publishes School-district homestead exemption (Texas Comptroller of Public Accounts)

Exemptions and deadlines in Texas

Flood risk in Hidalgo County

FEMA does not publish these numbers by city: they are for all of Hidalgo County.

FEMA’s maps count no homes in the high-risk zone in Hidalgo County. That does not mean it cannot flood: check your address.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in La Homa

Typical rent in La Homa is $740 a month: 23% below the county.

HUD publishes a fair market rent for all of Hidalgo County, by unit size. To pay the 2-bedroom one ($1,017 a month) without spending more than 30% of your income, you would need to earn $19.56 an hour working full time.

HUD fair market rent for all of Hidalgo County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $801 $15.40 $32,040
1 bedroom $806 $15.50 $32,240
2 bedrooms $1,017 $19.56 $40,680
3 bedrooms $1,305 $25.10 $52,200
4 bedrooms $1,439 $27.67 $57,560

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in La Homa

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). La Homa is in ZIP code 78574.

For 2 bedrooms it is $1,010: $7 less than the fair market rent for Hidalgo County ($1,017).

  • 78574 $1,010$1,310

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for La Homa when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in La Homa

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Hidalgo County; 1 says it serves in Spanish.

A man leans over the armchair to help a teenage girl with her book.

HUD counseling is free or low-cost

Assistance programs in La Homa

No down payment, repair or rent-help program on our list is for La Homa or Hidalgo County. The ones below are statewide in Texas: they work in La Homa the same as in the rest of the state.

Which programs do I qualify for? All programs in Texas

  • My First Texas Home

    Statewide in Texas

    Texas state program for first-time buyers: a 30-year mortgage with down payment assistance. Offered by Texas Department of Housing and Community Affairs (TDHCA).

    DeferredForgivable

    See the program Official page

  • My Choice Texas Home

    Statewide in Texas

    Texas state program with down payment assistance for any buyer, not only first-time buyers. Offered by Texas Department of Housing and Community Affairs (TDHCA).

    DeferredForgivable

    See the program Official page

  • Texas Mortgage Credit Certificate (MCC)

    Statewide in Texas

    Limited funds remain, per the source

    Texas state certificate that turns part of your mortgage interest into a credit on your federal tax return. Offered by Texas Department of Housing and Community Affairs (TDHCA).

    Tax credit

    See the program Official page

Housing counselors near La Homa

The HUD-approved agencies closest to the center of La Homa, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Affordable Homes of South Texas, Inc.

    1420 Erie Ave, McAllen · 9 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (956) 687-6263

  • cdcb-come dream.come build.

    901 E Levee St, Brownsville · 59 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 4 more
    (956) 541-4955

  • Laredo-Webb Neighborhood Housing Services

    216 Bob Bullock Loop, Laredo · 108 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (956) 712-9100

Every agency in Hidalgo County All counseling agencies in Texas

Help in Spanish near La Homa

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of La Homa

HUD’s record names them for La Homa or Hidalgo County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Hidalgo County Housing Authority Public housing and Section 8 vouchers (956) 969-5866

13 other authorities have an office in Hidalgo County: see the list Source: HUD

Cities

Other cities in Hidalgo County

These cities are also in Hidalgo County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Hidalgo County Housing in Texas
See 8 more cities in Hidalgo County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to La Homa, with the typical home value.

Neighboring counties

If Hidalgo County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in La Homa.

All guides
Three women of one family lean in together to stir the pan.

Questions

Housing questions about La Homa

Short answers with the numbers for La Homa and all of Hidalgo County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in La Homa?

The typical home value in La Homa is $109,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Hidalgo County it is $140,900.

How much does it cost to rent in La Homa?

Typical rent in La Homa is $740 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Hidalgo County is $1,017.

What is the FHA loan limit in La Homa?

La Homa uses the FHA limit for all of Hidalgo County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in La Homa?

The typical homeowner in La Homa pays $1,818 a year, according to the U.S. Census Bureau. That is 1.66% of the home’s value; in Hidalgo County, the rate is 1.62%.

Where can I find free help to buy or rent in La Homa?

There is 1 HUD-approved counseling agency with an office in Hidalgo County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).