Real Estate Investing in Gainesville, Texas (76240)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76240 (Gainesville, 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 Gainesville, TX (76240)?
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Market Analysis: 76240 Gainesville
The 76240 ZIP in Gainesville, TX is a local-operator market. Outside capital chasing a $276K entry has to pair deep knowledge with the discount.
For an experienced owner, 76240 can be a a strong candidate for hunting ground — but the discount at $276K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Gainesville have seen price recovery that 76240 has not matched. Cooke County data supports the view that the spread is structural rather than temporary.
Demographically, 76240 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.
The 76240 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Gainesville:
Property Strategy for 76240
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $146,370 | $1,280 | 6.3% | +5.3% | $73,185 |
| 3BR | $287,126 | $1,690 | 4.2% | +6.8% | $95,709 |
| 4BR | $424,148 | $2,030 | 3.4% | +7.6% | $106,037 |
| 5BR | $757,620 | — | — | +9.2% | $151,524 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 76240 Compare?
| Metric | 76240 | Gainesville | Gainesville, TX | Texas |
|---|---|---|---|---|
| Home Value | $275,708 | $137,854 | N/A | $297,000 |
| 5-Year CAGR | 3.9% | 3.9% | N/A | 5.4% |
| Avg Rent | $1,495 | $1,495 | N/A | - |
| Cap Rate | 4.2% | 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 76240 (Gainesville, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $275,708 |
| Monthly Rent | $1,495 |
| Price-to-Rent | 15.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | -0.1% ▼ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). 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 76240
Population: 29,271
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 76240
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
Investor Insight: With 1,931 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Gainesville, TX a good place for real estate investing?
The 3.0/5 investability rating in Gainesville, TX reflects its $276K prices and $1,495/mo rents. Investors generally consider it a solid option within TX.
Does house hacking make sense in Gainesville, TX?
The a challenging house-hack environment in Gainesville, TX reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Where do rents currently stand in Gainesville, TX?
Expect rents around $1,495/mo per month in Gainesville, TX. With home values at $276K, the yield math works out to reasonable levels for rental investors.
Is housing expensive in Gainesville, TX?
Typical homes in Gainesville, TX go for around $276K. The 5-year CAGR of 0.0% even-keeled price movement.
Do landlords face vacancy issues in Gainesville, TX?
Gainesville, TX vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 76240 now. You don’t know where it ranks.
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How 76240 ranks in Gainesville, TX
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