Real Estate Investing in Nocona, Texas (76255)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76255 (Nocona, TX)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 26.7% 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 Nocona, TX (76255)?
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Market Analysis: 76255 Nocona
The 76255 ZIP covers a section of Nocona that demands careful diligence. Prices near $228K look accessible, but the work to make a deal cash flow is real.
Rent of $891/mo on a $228K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 76255 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Nocona have seen price recovery that 76255 has not matched. Montague County data supports the view that the spread is structural rather than temporary.
A impressive renter share of 25% in 76255 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 76255 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Nocona:
Property Strategy for 76255
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $169,168 | $990 | 4.2% | +7.7% | $84,584 |
| 3BR | $241,501 | $1,350 | 4.0% | +8.6% | $80,500 |
Market Trends
Home Value History (with trend line)
📊 How Does 76255 Compare?
| Metric | 76255 | Nocona | Texas |
|---|---|---|---|
| Home Value | $227,615 | $227,615 | $297,000 |
| 5-Year CAGR | 1.6% | 1.6% | 5.4% |
| Avg Rent | $891 | $891 | - |
| Cap Rate | 3.1% | 3.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 76255 (Nocona, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $227,615 |
| Monthly Rent | $891 |
| Price-to-Rent | 21.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 4.6% |
📈 Home Appreciation
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | -1.1% ▼ |
| 5-Year CAGR | +1.6% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (3.1%). 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 76255
Population: 5,725
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 76255
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 home prices like in Nocona, TX?
The median home value in Nocona, TX is roughly $228K. That puts it reasonable relative to the TX statewide average.
How tight is the rental market in Nocona, TX?
Nocona, TX carries elevated vacancy risk. Expect predictable absorption at market rents of $891/mo.
How should investors approach Nocona, TX?
Most investors in Nocona, TX run a careful cash-flow rentals with hands-on management strategy. It aligns with the 2.0/5 investability profile and the market fundamentals.
Is Nocona, TX a good market for FHA house hackers?
Nocona, TX offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $891/mo rent level.
Is TX a landlord-friendly state?
The landlord environment in Nocona, TX is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 76255 now. You don’t know where it ranks.
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