Real Estate Investing in Forestburg, Texas (76239)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76239 (Forestburg, 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: 17.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 41.2 — 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 Forestburg, TX (76239)?
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Market Analysis: 76239 Forestburg
Put differently, ZIP 76239 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $471K median. It rewards specialists, not generalists.
The 76239 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 76239's metrics run below Montague County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A significant renter share of 24% in 76239 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 76239 is an operator game, not a passive one. On the rental side, entry prices of $471K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Forestburg:
Market Trends
Home Value History (with trend line)
📊 How Does 76239 Compare?
| Metric | 76239 | Forestburg | Gainesville, TX | Texas |
|---|---|---|---|---|
| Home Value | $471,242 | $471,242 | N/A | $297,000 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 5.4% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 1.6% | 1.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 76239 (Forestburg, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $471,242 |
| Monthly Rent | $954 |
| Price-to-Rent | 41.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.4% |
| Cap Rate | 1.6% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +0.2% ▲ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 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 (1.6%). 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 76239
Population: 1,201
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 76239
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 expensive is real estate in Forestburg, TX?
Homes in Forestburg, TX typically sell near $471K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
How qualified is the tenant pool in Forestburg, TX?
Forestburg, TX draws a consistent base of working renters. Demand at the $954/mo rent level is reasonable for standard single-family and small multi rentals.
Is real estate in Forestburg, TX a good investment right now?
Our data puts Forestburg, TX at 3.0/5 for investability. Home prices of $471K and rents around $954/mo create a solid backdrop for investor activity.
How do experienced investors play Forestburg, TX?
For Forestburg, TX, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How do landlord-tenant laws work in Forestburg, TX?
Landlord-friendliness in Forestburg, TX is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 76239 now. You don’t know where it ranks.
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