Real Estate Investing in Nemo, Texas (76070)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76070 (Nemo, 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 price-to-rent: Price-to-rent ratio 37.2 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Nemo, TX (76070)?
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Market Analysis: 76070 Nemo
ZIP 76070 inside Somervell County looks affordable on the surface — median value of $502K — but the discount exists for reasons that a careful buyer should understand before committing.
From an investor standpoint, the numbers look inviting — $502K purchase price, 0.0% nominal cap — the work to hit that pro forma in 76070 is substantial and deserves full respect.
Nearby ZIPs in Nemo have seen price recovery that 76070 has not matched. Somervell County data supports the view that the spread is structural rather than temporary.
Who lives in 76070 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 76070 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 Nemo:
Market Trends
Home Value History (with trend line)
📊 How Does 76070 Compare?
| Metric | 76070 | Nemo | Texas |
|---|---|---|---|
| Home Value | $502,029 | $502,029 | $297,000 |
| 5-Year CAGR | 5.0% | 5.0% | 5.4% |
| Avg Rent | $1,125 | $1,125 | - |
| Cap Rate | 1.8% | 1.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 76070 (Nemo, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $502,029 |
| Monthly Rent | $1,125 |
| Price-to-Rent | 37.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.7% |
| Cap Rate | 1.8% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (1.8%). 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 76070
Population: 956
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 76070
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 much do tenants pay in Nemo, TX?
Expect rents around $1,125/mo per month in Nemo, TX. With home values at $502K, the yield math works out to reasonable levels for rental investors.
What is the typical home price in Nemo, TX?
Homes in Nemo, TX typically sell near $502K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
Do rentals sit vacant long in Nemo, TX?
Rental vacancy in Nemo, TX is elevated. Investors should budget normal turnover but not chronic empty units.
How do experienced investors play Nemo, TX?
The best-fit strategy in Nemo, TX is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Nemo, TX a good market for buy-and-hold investors?
Our data puts Nemo, TX at 3.0/5 for investability. Home prices of $502K and rents around $1,125/mo create a solid backdrop for investor activity.
You know 76070 now. You don’t know where it ranks.
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