Real Estate Investing in Azle, Texas (76020)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76020 (Azle, 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: 10.9% vacancy may signal weakening demand.
What’s happening in Azle, TX (76020)?
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Market Analysis: 76020 Azle
Investors eyeing 76020 need to respect the fundamentals at play. Home values of $335K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 76020 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Azle have seen price recovery that 76020 has not matched. Parker County data supports the view that the spread is structural rather than temporary.
A impressive renter share of 20% in 76020 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 76020 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Azle:
Property Strategy for 76020
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $201,897 | $1,540 | 5.5% | +7.0% | $100,949 |
| 3BR | $288,146 | $2,040 | 5.1% | +6.4% | $96,049 |
| 4BR | $405,202 | $2,520 | 4.5% | +6.6% | $101,301 |
| 5BR | $547,465 | — | — | +7.8% | $109,493 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 76020 Compare?
| Metric | 76020 | Azle | Dallas-Fort Worth-Arlington, TX | Texas |
|---|---|---|---|---|
| Home Value | $334,760 | $334,760 | N/A | $297,000 |
| 5-Year CAGR | 3.3% | 3.3% | N/A | 5.4% |
| Avg Rent | $1,739 | $1,739 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 76020 (Azle, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $334,760 |
| Monthly Rent | $1,739 |
| Price-to-Rent | 16.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.1% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | +1.9% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). 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 76020
Population: 32,866
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 76020
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
How expensive is real estate in Azle, TX?
Median home price in Azle, TX is near $335K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
Is Azle, TX a smart market for rental property?
The 3.0/5 investability rating in Azle, TX reflects its $335K prices and $1,739/mo rents. Investors generally consider it a solid option within TX.
How landlord-friendly is Azle, TX?
The landlord environment in Azle, TX is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What does house hacking look like in Azle, TX?
The a challenging house-hack environment in Azle, TX reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the tenant pool like in Azle, TX?
The tenant pool in Azle, TX is solid, supported by local employment and population fundamentals. Rents of $1,739/mo are well-absorbed by the market.
You know 76020 now. You don’t know where it ranks.
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How 76020 ranks in Dallas-Fort Worth-Arlington, TX
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