Real Estate Investing in Bellevue, Texas (76228)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76228 (Bellevue, TX)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 17.0% 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 Bellevue, TX (76228)?
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Market Analysis: 76228 Bellevue
Investors eyeing 76228 need to respect the fundamentals at play. Home values of $253K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $253K asset, 76228 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 76228 sits on the difficult end of the TX spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 76228 includes headwinds that any investor should price in. Income distribution skews lower than Bellevue averages, and tenant stability requires active management.
The right play in 76228 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 Bellevue:
Market Trends
Home Value History (with trend line)
📊 How Does 76228 Compare?
| Metric | 76228 | Bellevue | Wichita Falls, TX | Texas |
|---|---|---|---|---|
| Home Value | $253,241 | $253,241 | N/A | $297,000 |
| 5-Year CAGR | 2.1% | 2.1% | N/A | 5.4% |
| Avg Rent | $1,080 | $1,080 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 76228 (Bellevue, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $253,241 |
| Monthly Rent | $1,080 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | +17.4% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +2.1% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (3.3%). 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 76228
Population: 1,320
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 76228
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
What are rental rates like in Bellevue, TX?
Rental rates in Bellevue, TX average $1,080/mo. Tenant demand and $253K home values make the yield look reasonable by investor standards.
Is Bellevue, TX good for house hacking?
The house hack math a challenging in Bellevue, TX. Owner-occupant buyers benefit from the $1,080/mo rents and $253K home values.
Do landlords face vacancy issues in Bellevue, TX?
Rental vacancy in Bellevue, TX is elevated. Investors should budget normal turnover but not chronic empty units.
What are home prices like in Bellevue, TX?
The median home value in Bellevue, TX is roughly $253K. That puts it reasonable relative to the TX statewide average.
Is Bellevue, TX a good market for buy-and-hold investors?
Investors tracking Bellevue, TX will find a 3.0/5 rating supported by $253K median home values and $1,080/mo rents. That profile suits long-term holders targeting steady returns.
You know 76228 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 76228 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 76228 ranks in Wichita Falls, TX
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