Real Estate Investing in Jonesboro, Texas (76538)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76538 (Jonesboro, TX)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 16.2% of homes vacant — above national norms.
- Elevated poverty: 23.0% poverty rate — can affect rent collection.
- High price-to-rent: Price-to-rent ratio 36.6 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Jonesboro, TX (76538)?
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Market Analysis: 76538 Jonesboro
Investors eyeing 76538 need to respect the fundamentals at play. Home values of $419K come alongside slower price movement and elevated management overhead.
The investment case in 76538 is healthy only for operators who understand what they are buying. A $419K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Jonesboro have seen price recovery that 76538 has not matched. Hamilton County data supports the view that the spread is structural rather than temporary.
Stepping back, 996 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.
Strategically, 76538 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 Jonesboro:
Market Trends
Home Value History (with trend line)
📊 How Does 76538 Compare?
| Metric | 76538 | Jonesboro | Killeen-Temple, TX | Texas |
|---|---|---|---|---|
| Home Value | $418,528 | $418,528 | N/A | $297,000 |
| 5-Year CAGR | 3.7% | 3.7% | N/A | 5.4% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 1.8% | 1.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 76538 (Jonesboro, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $418,528 |
| Monthly Rent | $954 |
| Price-to-Rent | 36.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.7% |
| Cap Rate | 1.8% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 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 (1.8%). 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 76538
Population: 996
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 76538
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
What type of investing works in Jonesboro, TX?
In Jonesboro, TX the impressive play is typically careful cash-flow rentals with hands-on management. The combination of $419K prices and $954/mo rents suits that approach.
What price range are homes in Jonesboro, TX?
In Jonesboro, TX the median home value sits at $419K. Against the broader TX market, that reads as reasonable for most investors.
Are rents high in Jonesboro, TX?
Rental rates in Jonesboro, TX average $954/mo. Tenant demand and $419K home values make the yield look reasonable by investor standards.
Are eviction rules reasonable in Jonesboro, TX?
Rental owners in Jonesboro, TX deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How tight is the rental market in Jonesboro, TX?
Vacancy in Jonesboro, TX is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $954/mo.
You know 76538 now. You don’t know where it ranks.
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How 76538 ranks in Killeen-Temple, TX
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