Real Estate Investing in Greenville, Texas (75402)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 75402 (Greenville, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 9.4% vacancy may signal weakening demand.
What’s happening in Greenville, TX (75402)?
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Market Analysis: 75402 Greenville
ZIP 75402 inside Hunt County looks affordable on the surface — median value of $270K — but the discount exists for reasons that a careful buyer should understand before committing.
Stepping back, the numbers look inviting — $270K purchase price, 0.0% nominal cap — the work to hit that pro forma in 75402 is substantial and deserves full respect.
Within TX, ZIP 75402 trails on several market indicators that neighboring Hunt County submarkets outperform. The gap is real and durable enough to shape underwriting.
Who lives in 75402 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 75402 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Greenville:
Property Strategy for 75402
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $187,548 | $1,760 | 6.8% | +6.8% | $93,774 |
| 3BR | $248,562 | $2,220 | 6.4% | +6.1% | $82,854 |
| 4BR | $306,434 | $2,820 | 6.6% | +5.2% | $76,609 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 75402 Compare?
| Metric | 75402 | Greenville | Dallas-Fort Worth-Arlington, TX | Texas |
|---|---|---|---|---|
| Home Value | $269,712 | $235,703 | N/A | $297,000 |
| 5-Year CAGR | 2.7% | 3.2% | N/A | 5.4% |
| Avg Rent | $1,591 | $1,534 | N/A | - |
| Cap Rate | 4.6% | 5.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 75402 (Greenville, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $269,712 |
| Monthly Rent | $1,591 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | -1.3% ▼ |
| 3-Year CAGR | -1.7% ▼ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | +9.8% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 75402
Population: 19,848
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 75402
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Are rents high in Greenville, TX?
Average rent in Greenville, TX is approximately $1,591/mo per month. Against $270K home values that yields a reasonable rent-to-price ratio.
Is Greenville, TX a friendly market for rental owners?
Greenville, TX operates under TX law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
Is Greenville in TX worth investing in?
Greenville, TX rates 3.0/5 for investability. With median values at $270K and rents near $1,591/mo, the market offers reasonable fundamentals for rental investors.
Are there empty rentals in Greenville, TX?
Greenville, TX carries elevated vacancy risk. Expect reliable absorption at market rents of $1,591/mo.
What approach is best for Greenville, TX real estate?
Greenville, TX investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($270K prices, $1,591/mo rents) make it a reasonable choice.
You know 75402 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 75402 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 75402 ranks in Dallas-Fort Worth-Arlington, TX
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