Real Estate Investing in Elm Mott, Texas (76640)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76640 (Elm Mott, 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.
- Elevated vacancy: 9.8% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Elm Mott, TX (76640)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 76640 Elm Mott
Not every below-median market is a bargain. Elm Mott's 76640 ZIP records signals that favor experienced operators who can absorb the risk $230K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $230K asset, 76640 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 76640 among TX's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 76640 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 76640 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Elm Mott:
Property Strategy for 76640
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $120,073 | $1,240 | 7.4% | — | $60,037 |
| 3BR | $252,564 | $1,600 | 4.6% | +7.3% | $84,188 |
| 4BR | $423,167 | $1,650 | 2.8% | — | $105,792 |
Market Trends
Home Value History (with trend line)
📊 How Does 76640 Compare?
| Metric | 76640 | Elm Mott | Texas |
|---|---|---|---|
| Home Value | $230,173 | $230,173 | $297,000 |
| 5-Year CAGR | 5.4% | 5.4% | 5.4% |
| Avg Rent | $1,116 | $1,116 | - |
| 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 76640 (Elm Mott, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 76640 (Elm Mott, TX)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $230,173 |
| Monthly Rent | $1,116 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 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 76640
Population: 2,958
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 76640
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 5,693 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Elm Mott, TX rate as a rental market?
Elm Mott, TX scores 3.0/5 for investability. Home values sit at $230K and rents near $1,116/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is it like being a landlord in Elm Mott, TX?
TX ranks as a landlord-friendly state for landlord-tenant law. Elm Mott generally follows the statewide framework, so landlords face reasonable operating rules.
How should investors approach Elm Mott, TX?
In Elm Mott, TX the solid play is typically careful cash-flow rentals with hands-on management. The combination of $230K prices and $1,116/mo rents suits that approach.
What kind of vacancy should I budget for in Elm Mott, TX?
Elm Mott, TX vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Does house hacking work in Elm Mott, TX?
House hacking in Elm Mott, TX is reasonable to execute. Prices around $230K and rents of $1,116/mo solid owner-occupant economics.
You know 76640 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 76640 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.
AI Market Advisor
Ask questions about investing in 76640 (Elm Mott)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 76640 (Elm Mott, TX).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.