Real Estate Investing in Vernon, Texas (76384)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76384 (Vernon, 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: 21.3% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.7% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Vernon, TX (76384)?
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Market Analysis: 76384 Vernon
ZIP 76384 in Vernon, TX carries a durable set of headwinds. Home values near $104K and rents of $891/mo sit inside a market where underwriting has to be tight.
Rent of $891/mo on a $104K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 76384 sits below the stated 0.0% once reality is priced in.
In the broader TX picture, 76384 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A notable renter share of 41% in 76384 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 76384 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Vernon:
Market Trends
Home Value History (with trend line)
📊 How Does 76384 Compare?
| Metric | 76384 | Vernon | Vernon, TX | Texas |
|---|---|---|---|---|
| Home Value | $103,871 | $103,871 | N/A | $297,000 |
| 5-Year CAGR | 0.7% | 0.7% | N/A | 5.4% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 6.7% | 6.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 76384 (Vernon, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $103,871 |
| Monthly Rent | $891 |
| Price-to-Rent | 9.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.3% |
| Cap Rate | 6.7% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +14.7% ▲ |
| 3-Year CAGR | -1.8% ▼ |
| 5-Year CAGR | +0.7% ▲ |
| 10-Year CAGR | +2.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.7%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 76384
Population: 12,239
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 76384
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 916 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do home values compare in Vernon, TX?
Median home price in Vernon, TX is near $104K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
How strong is tenant demand in Vernon, TX?
Expect a solid tenant pool in Vernon, TX. The rental market absorbs $891/mo rents without meaningful friction.
Is real estate in Vernon, TX a good investment right now?
Our data puts Vernon, TX at 3.0/5 for investability. Home prices of $104K and rents around $891/mo create a solid backdrop for investor activity.
Is rental property easy to operate in Vernon, TX?
TX ranks as a landlord-friendly state for landlord-tenant law. Vernon generally follows the statewide framework, so landlords face reasonable operating rules.
Is Vernon, TX suited for a house hack?
House hacking in Vernon, TX is reasonable to execute. Prices around $104K and rents of $891/mo solid owner-occupant economics.
You know 76384 now. You don’t know where it ranks.
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