Real Estate Investing in Cleburne, Texas (76031)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76031 (Cleburne, 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.
No major risk flags on the data we track.
What’s happening in Cleburne, TX (76031)?
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Market Analysis: 76031 Cleburne
This part of Johnson County is not an easy win. The 76031 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Meanwhile, the numbers look inviting — $278K purchase price, 0.0% nominal cap — the work to hit that pro forma in 76031 is substantial and deserves full respect.
Stepping back, 76031 offers a low basis, the region around Cleburne has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
In practical terms, 18,697 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.
The right play in 76031 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 Cleburne:
Property Strategy for 76031
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $138,903 | $1,440 | 7.5% | +4.5% | $69,452 |
| 3BR | $252,981 | $1,900 | 5.4% | +5.5% | $84,327 |
| 4BR | $418,909 | $2,350 | 4.0% | +6.4% | $104,727 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 76031 Compare?
| Metric | 76031 | Cleburne | Dallas-Fort Worth-Arlington, TX | Texas |
|---|---|---|---|---|
| Home Value | $277,814 | $268,057 | N/A | $297,000 |
| 5-Year CAGR | 3.3% | 3.4% | N/A | 5.4% |
| Avg Rent | $1,798 | $1,436 | N/A | - |
| Cap Rate | 5.1% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 76031 (Cleburne, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $277,814 |
| Monthly Rent | $1,798 |
| Price-to-Rent | 12.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.1% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +1.0% ▲ |
| 3-Year CAGR | -0.2% ▼ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (5.1%). 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 76031
Population: 18,697
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 76031
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
Is Cleburne, TX good for house hacking?
House hacking works a challenging in Cleburne, TX. Rents of $1,798/mo against $278K acquisition make the strategy solid for owner-occupants.
Is Cleburne, TX a smart market for rental property?
Our data puts Cleburne, TX at 3.0/5 for investability. Home prices of $278K and rents around $1,798/mo create a solid backdrop for investor activity.
Are landlord laws favorable in Cleburne, TX?
TX law landlord-friendly for landlords, and Cleburne inherits those rules. Investors should still review local ordinances for rental licensing.
What is the typical rental rate in Cleburne, TX?
Rents in Cleburne, TX run near $1,798/mo. Compared with median home prices of $278K that produces solid gross yields for typical rentals.
How expensive is real estate in Cleburne, TX?
Typical homes in Cleburne, TX go for around $278K. The 5-year CAGR of 0.0% predictable price movement.
You know 76031 now. You don’t know where it ranks.
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How 76031 ranks in Dallas-Fort Worth-Arlington, TX
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