Real Estate Investing in Wallis, Texas

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1 ZIP codes • Population: 3,865 • Austin

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Should you buy in Wallis, TX? Our answer, based on the numbers below.

🏠 For Homebuyers
WEAK FIT
Grade F (34/100)

Multiple negative signals. Better options likely exist nearby.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 16.9% of homes vacant — above national norms.

What’s happening in Wallis, TX?

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

2.8% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $335,819
Avg Monthly Rent $873
ZIP Codes 1

Investing in Wallis Real Estate

With a sizable population across 1 ZIPs, Wallis shows the kind of soft fundamentals that keep most out-of-state capital on the sidelines.

plainly Wallis's aggregate rating of ★★★☆☆ reflects modest investor metrics across the board — weak rent growth, weak appreciation, and rising-vacancy pressure in multiple ZIPs.

The $873/mo / $336K relationship in Wallis looks lackluster once vacancy and capex are incorporated into underwriting. appears to the realized yield tends to disappoint.

Demographics in Wallis show real pressure — median income of $N/AK is lackluster relative to rents, and the 0% renter share includes significant cost-burdened households.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

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Property managers serving Austin County

Manage rentals here? List your business →

512-Society Property Management provides single-family and multi-family property management services across North Austin and Round Rock since 2005. summary from their website

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PS Property Management is an Austin HOA Management Company. summary from their website

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1836 Property Management, also known as Next Gen Property Management, offers property management services in Austin. summary from their website

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Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$335,819
Avg Monthly Rent
$873
1% Rule
✗ Below
Landlord Friendly (TX)

ZIP Codes in Wallis, TX

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Filter Wallis’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Wallis, TX

Is housing expensive in Wallis, TX?

Typical homes in Wallis, TX go for around $336K. The 5-year CAGR of 0.0% measured price movement.

Is Wallis, TX a friendly market for rental owners?

Wallis, TX operates under TX law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.

What do rentals go for in Wallis, TX?

Wallis, TX rentals go for roughly $873/mo a month. That puts gross yield in solid territory relative to $336K acquisition costs.

What investment strategy works best in Wallis, TX?

Investors usually favor careful cash-flow rentals with hands-on management in Wallis, TX. With home values at $336K and rents near $873/mo, other strategies can work but produce measured rather than outsized returns.

How deep is the rental pool in Wallis, TX?

Working renters make up the core of the Wallis, TX tenant base. The pool is reasonable for investors targeting long-term holds.

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