Real Estate Investing in Olney, Texas (76374)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76374 (Olney, TX)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 14.0% 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 Olney, TX (76374)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 76374 Olney
The 76374 ZIP covers a section of Olney that demands careful diligence. Prices near $118K look accessible, but the work to make a deal cash flow is real.
Rent of $900/mo on a $118K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 76374 sits below the stated 0.0% once reality is priced in.
In the broader TX picture, 76374 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A significant renter share of 28% in 76374 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 76374 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 Olney:
Market Trends
Home Value History (with trend line)
📊 How Does 76374 Compare?
| Metric | 76374 | Olney | Wichita Falls, TX | Texas |
|---|---|---|---|---|
| Home Value | $118,061 | $118,061 | N/A | $297,000 |
| 5-Year CAGR | 8.4% | 8.4% | N/A | 5.4% |
| Avg Rent | $900 | $900 | N/A | - |
| Cap Rate | 6.0% | 6.0% | - | - |
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 76374 (Olney, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 76374 (Olney, TX)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $118,061 |
| Monthly Rent | $900 |
| Price-to-Rent | 10.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.2% |
| Cap Rate | 6.0% |
| 5-Year IRR | 14.3% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (6.0%). 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 76374
Population: 3,915
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 76374
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
Are rents high in Olney, TX?
Investors in Olney, TX typically see rents near $900/mo per month against $118K home values - a solid setup for rental cash flow.
What is the renter demographic in Olney, TX?
The tenant pool in Olney, TX is solid, supported by local employment and population fundamentals. Rents of $900/mo are well-absorbed by the market.
Do rentals sit vacant long in Olney, TX?
Vacancy in Olney, TX is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $900/mo.
Is Olney, TX a friendly market for rental owners?
The landlord environment in Olney, TX is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Are homes affordable in Olney, TX?
In Olney, TX the median home value sits at $118K. Against the broader TX market, that reads as reasonable for most investors.
You know 76374 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 76374 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 76374 ranks in Wichita Falls, TX
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 76374 (Olney)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 76374 (Olney, TX).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.