Real Estate Investing in Justin, Texas (76247)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76247 (Justin, TX)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
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 Justin, TX (76247)?
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Market Analysis: 76247 Justin
This part of Denton County is not an easy win. The 76247 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 76247 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader TX picture, 76247 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Stepping back, 18,360 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Justin's stable or hybrid ZIPs before stepping into 76247. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Justin:
Property Strategy for 76247
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $270,715 | $2,620 | 7.0% | +5.9% | $135,357 |
| 3BR | $345,996 | $3,300 | 6.9% | +6.0% | $115,332 |
| 4BR | $434,166 | $4,200 | 7.0% | +6.1% | $108,542 |
| 5BR | $467,439 | — | — | +6.1% | $93,488 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 76247 Compare?
| Metric | 76247 | Justin | Dallas-Fort Worth-Arlington, TX | Texas |
|---|---|---|---|---|
| Home Value | $405,956 | $405,956 | N/A | $297,000 |
| 5-Year CAGR | 2.9% | 2.9% | N/A | 5.4% |
| Avg Rent | $2,240 | $2,240 | N/A | - |
| Cap Rate | 4.3% | 4.3% | - | - |
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 76247 (Justin, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $405,956 |
| Monthly Rent | $2,240 |
| Price-to-Rent | 15.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +0.5% ▲ |
| 3-Year CAGR | -1.1% ▼ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | -1.1% ▼ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). 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 76247
Population: 18,360
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 76247
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 2,375 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is tenant demand in Justin, TX?
Working renters make up the core of the Justin, TX tenant base. The pool is reasonable for investors targeting long-term holds.
Is real estate in Justin, TX a good investment right now?
Justin, TX rates 3.0/5 for investability. With median values at $406K and rents near $2,240/mo, the market offers reasonable fundamentals for rental investors.
What kind of vacancy should I budget for in Justin, TX?
Justin, TX vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is Justin, TX a friendly market for rental owners?
Justin, TX falls under TX landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is housing expensive in Justin, TX?
Justin, TX home values average about $406K. That price point suits investors targeting rentals with $2,240/mo in monthly income.
You know 76247 now. You don’t know where it ranks.
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How 76247 ranks in Dallas-Fort Worth-Arlington, TX
Every ZIP in this metro, ranked. Free.
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