Real Estate Investing in Electra, Texas (76360)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76360 (Electra, TX)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 24.3% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.5% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Electra, TX (76360)?
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Market Analysis: 76360 Electra
The 76360 ZIP comes in at an durable value-add profile — below-median pricing at $81K, a renter base of 34%, and room for operational improvement.
Investors in 76360 do not buy the market average — they buy the unit they can improve. $81K median pricing and $927/mo comps define the envelope within which the work has to pay.
Across TX, value-add opportunity tends to concentrate where housing stock is older and entry prices are below the state median. ZIP 76360 registers both traits clearly.
Household income in 76360 supports the rent-lift thesis. 2,692 residents, deep working-age cohort, and the kind of tenant profile that responds to upgraded stock.
Experienced operators with contractor networks find 76360 a credible choice for. First-time flippers often underestimate scope, budget, and timeline, which is how deals here turn sour.
Here's what matters if you're considering buying a home in Electra:
Property Strategy for 76360
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $47,071 | $1,030 | 15.8% | -1.6% | $23,535 |
| 3BR | $93,091 | $1,400 | 10.8% | +3.6% | $31,030 |
| 4BR | $149,787 | $1,590 | 7.6% | +5.0% | $37,447 |
Market Trends
Home Value History (with trend line)
📊 How Does 76360 Compare?
| Metric | 76360 | Electra | Wichita Falls, TX | Texas |
|---|---|---|---|---|
| Home Value | $81,475 | $81,475 | N/A | $297,000 |
| 5-Year CAGR | 0.5% | 0.5% | N/A | 5.4% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 8.9% | 8.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 76360 (Electra, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $81,475 |
| Monthly Rent | $927 |
| Price-to-Rent | 7.3:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 13.7% |
| Cap Rate | 8.9% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +0.5% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (8.9%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 76360
Population: 2,692
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 76360
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 well does BRRRR work in Electra, TX?
BRRRR viability in Electra, TX is a strong. Disciplined acquisition and rehab can hit the 75% LTV refinance target at market comps.
Does house hacking work in Electra, TX?
House hacking in Electra, TX is an attractive. With home values around $81K and rents at $927/mo, owner-occupants can offset a meaningful share of PITI.
How much should I expect to pay for a home in Electra, TX?
Median home price in Electra, TX is near $81K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
What do rentals go for in Electra, TX?
Expect rents around $927/mo per month in Electra, TX. With home values at $81K, the yield math works out to reasonable levels for rental investors.
Does Electra, TX rent-to-price ratio clear the 1% rule?
Electra, TX delivers a 1.14% rent-to-price ratio on average. Investors targeting the 1% rule will find solid opportunities.
You know 76360 now. You don’t know where it ranks.
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How 76360 ranks in Wichita Falls, TX
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