Real Estate Investing in Gorman, Texas (76454)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76454 (Gorman, TX)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 21.1% of homes vacant — above national norms.
- Elevated poverty: 28.7% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Gorman, TX (76454)?
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Market Analysis: 76454 Gorman
Put differently, ZIP 76454 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $148K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 76454 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 76454 and stronger Gorman ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A significant renter share of 38% in 76454 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Gorman:
Market Trends
Home Value History (with trend line)
📊 How Does 76454 Compare?
| Metric | 76454 | Gorman | Texas |
|---|---|---|---|
| Home Value | $148,378 | $148,378 | $297,000 |
| 5-Year CAGR | N/A | N/A | 5.4% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 4.6% | 4.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 76454 (Gorman, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $148,378 |
| Monthly Rent | $873 |
| Price-to-Rent | 14.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 0.9% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | -3.7% ▼ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (4.6%). 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 76454
Population: 1,396
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 76454
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
Is Gorman, TX a smart market for rental property?
Gorman, TX reflects an investability rating of 2.0/5, with median home values near $148K and average rents around $873/mo. That combination puts it in the resilient tier for investor interest.
Do rentals sit vacant long in Gorman, TX?
Gorman, TX vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is the tenant base reliable in Gorman, TX?
Gorman, TX offers a stable renter base at the $873/mo rent level. Tenant turnover is reasonable for well-managed properties.
Does house hacking work in Gorman, TX?
For house hackers, Gorman, TX is a challenging. The $873/mo rent on a unit helps defray the mortgage on a $148K property.
What is the smart move for investors in Gorman, TX?
A careful cash-flow rentals with hands-on management strategy Gorman, TX best. The market produces stable results for that approach at the $148K price point.
You know 76454 now. You don’t know where it ranks.
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