Real Estate Investing in Wortham, Texas (76693)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76693 (Wortham, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 21.4% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Wortham, TX (76693)?
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Market Analysis: 76693 Wortham
Investors eyeing 76693 need to respect the fundamentals at play. Home values of $215K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $215K asset, 76693 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within TX, ZIP 76693 trails on several market indicators that neighboring Freestone County submarkets outperform. The gap is real and robust enough to shape underwriting.
On balance, 1,966 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Wortham's stable or hybrid ZIPs before stepping into 76693. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Wortham:
Market Trends
Home Value History (with trend line)
📊 How Does 76693 Compare?
| Metric | 76693 | Wortham | Corsicana, TX | Texas |
|---|---|---|---|---|
| Home Value | $215,152 | $215,152 | N/A | $297,000 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 5.4% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 76693 (Wortham, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $215,152 |
| Monthly Rent | $891 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). 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 76693
Population: 1,966
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 76693
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.
Frequently Asked Questions
How tight is the rental market in Wortham, TX?
Wortham, TX carries elevated vacancy risk. Expect reliable absorption at market rents of $891/mo.
What is the renter demographic in Wortham, TX?
Wortham, TX offers a steady renter base at the $891/mo rent level. Tenant turnover is reasonable for well-managed properties.
Does Wortham, TX make sense for an investment property?
The 3.0/5 investability rating in Wortham, TX reflects its $215K prices and $891/mo rents. Investors generally consider it a solid option within TX.
What approach is best for Wortham, TX real estate?
The best-fit strategy in Wortham, TX is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What do landlords charge for rent in Wortham, TX?
Expect rents around $891/mo per month in Wortham, TX. With home values at $215K, the yield math works out to reasonable levels for rental investors.
You know 76693 now. You don’t know where it ranks.
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How 76693 ranks in Corsicana, TX
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