Real Estate Investing in Lampasas, Texas (76550)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76550 (Lampasas, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 17.6% of homes vacant — above national norms.
What’s happening in Lampasas, TX (76550)?
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Market Analysis: 76550 Lampasas
ZIP 76550 inside Lampasas County looks affordable on the surface — median value of $307K — but the discount exists for reasons that a careful buyer should understand before committing.
On balance, the numbers look inviting — $307K purchase price, 0.0% nominal cap — the work to hit that pro forma in 76550 is substantial and deserves full respect.
In practical terms, 76550 offers a low basis, the region around Lampasas has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Stepping back, 13,699 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.
Experienced landlords with local relationships tend to find 76550 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Lampasas:
Property Strategy for 76550
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $185,845 | $1,020 | 4.0% | +8.0% | $92,923 |
| 3BR | $279,004 | $1,400 | 3.6% | +8.8% | $93,001 |
| 4BR | $396,916 | $1,670 | 3.0% | +8.3% | $99,229 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 76550 Compare?
| Metric | 76550 | Lampasas | Killeen-Temple, TX | Texas |
|---|---|---|---|---|
| Home Value | $306,788 | $306,788 | N/A | $297,000 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 5.4% |
| Avg Rent | $1,500 | $1,500 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
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 76550 (Lampasas, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $306,788 |
| Monthly Rent | $1,500 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (3.8%). 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 76550
Population: 13,699
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 76550
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 Lampasas, TX good for house hacking?
House hacking in Lampasas, TX is a challenging. With home values around $307K and rents at $1,500/mo, owner-occupants can offset a meaningful share of PITI.
How strict are landlord regulations in Lampasas, TX?
Lampasas, TX operates under TX law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
Is real estate in Lampasas, TX a good investment right now?
Lampasas, TX scores 3.0/5 for investability. Home values sit at $307K and rents near $1,500/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How much rent can I charge in Lampasas, TX?
Rents in Lampasas, TX run near $1,500/mo. Compared with median home prices of $307K that produces solid gross yields for typical rentals.
What is the typical renter like in Lampasas, TX?
Lampasas, TX offers a consistent renter base at the $1,500/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 76550 now. You don’t know where it ranks.
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How 76550 ranks in Killeen-Temple, TX
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