Real Estate Investing in Collinsville, Texas (76233)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76233 (Collinsville, TX)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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 28.3 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Collinsville, TX (76233)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 76233 Collinsville
The 76233 ZIP covers a section of Collinsville that demands careful diligence. Prices near $388K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 76233 can be a an appealing option for hunting ground — but the discount at $388K reflects genuine risk that outside investors often underestimate.
ZIP 76233's metrics run below Grayson County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 76233 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Collinsville's stable or hybrid ZIPs before stepping into 76233. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Collinsville:
Market Trends
Home Value History (with trend line)
📊 How Does 76233 Compare?
| Metric | 76233 | Collinsville | Sherman-Denison, TX | Texas |
|---|---|---|---|---|
| Home Value | $388,119 | $388,119 | N/A | $297,000 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 5.4% |
| Avg Rent | $1,143 | $1,143 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 76233 (Collinsville, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $388,119 |
| Monthly Rent | $1,143 |
| Price-to-Rent | 28.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (2.3%). 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 76233
Population: 3,604
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 76233
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 do rentals go for in Collinsville, TX?
Collinsville, TX rentals go for roughly $1,143/mo a month. That puts gross yield in solid territory relative to $388K acquisition costs.
What approach is best for Collinsville, TX real estate?
For Collinsville, TX, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is housing expensive in Collinsville, TX?
Expect median prices around $388K in Collinsville, TX. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
Is Collinsville, TX a good market for buy-and-hold investors?
Collinsville, TX scores 3.0/5 for investability. Home values sit at $388K and rents near $1,143/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is it easy to find good tenants in Collinsville, TX?
Tenant quality in Collinsville, TX ranks as solid. Landlords generally report predictable occupancy at market rents of $1,143/mo.
You know 76233 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 76233 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 76233 ranks in Sherman-Denison, TX
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