Real Estate Investing in Roanoke, Texas (76262)
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Should you buy in 76262 (Roanoke, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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 30.6 — hard to cash-flow at these prices.
What’s happening in Roanoke, TX (76262)?
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Market Analysis: 76262 Roanoke
Not every below-median market is a bargain. Roanoke's 76262 ZIP posts signals that favor experienced operators who can absorb the risk $616K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $616K asset, 76262 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 76262 among TX's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
In practical terms, 43,589 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 Roanoke's stable or hybrid ZIPs before stepping into 76262. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Roanoke:
Property Strategy for 76262
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $317,112 | $2,110 | 4.8% | +7.6% | $158,556 |
| 3BR | $470,295 | $2,690 | 4.1% | +7.3% | $156,765 |
| 4BR | $654,640 | $3,400 | 3.7% | +7.8% | $163,660 |
| 5BR | $1,085,228 | — | — | +9.2% | $217,046 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 76262 Compare?
| Metric | 76262 | Roanoke | Dallas-Fort Worth-Arlington, TX | Texas |
|---|---|---|---|---|
| Home Value | $615,559 | $615,559 | N/A | $297,000 |
| 5-Year CAGR | 4.5% | 4.5% | N/A | 5.4% |
| Avg Rent | $1,679 | $1,679 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
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 76262 (Roanoke, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $615,559 |
| Monthly Rent | $1,679 |
| Price-to-Rent | 30.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +0.9% ▲ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | -5.5% ▼ |
| 3-Year CAGR | -1.5% ▼ |
| 5-Year CAGR | +0.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.1%). 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 76262
Population: 43,589
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 76262
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
Frequently Asked Questions
How much is rent in Roanoke, TX?
Investors in Roanoke, TX typically see rents near $1,679/mo per month against $616K home values - a solid setup for rental cash flow.
Is Roanoke, TX a good market for FHA house hackers?
For house hackers, Roanoke, TX is a challenging. The $1,679/mo rent on a unit helps defray the mortgage on a $616K property.
Does Roanoke, TX make sense for an investment property?
Our data puts Roanoke, TX at 3.0/5 for investability. Home prices of $616K and rents around $1,679/mo create a solid backdrop for investor activity.
What strategy should investors use in Roanoke, TX?
For Roanoke, TX, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Where do home prices stand in Roanoke, TX?
In Roanoke, TX the median home value sits at $616K. Against the broader TX market, that reads as reasonable for most investors.
You know 76262 now. You don’t know where it ranks.
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How 76262 ranks in Dallas-Fort Worth-Arlington, TX
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