Real Estate Investing in Malone, Texas (76660)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76660 (Malone, 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: 25.3% of homes vacant — above national norms.
- Elevated poverty: 22.3% poverty rate — can affect rent collection.
• 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 Malone, TX (76660)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 76660 Malone
ZIP 76660 inside Hill County looks affordable on the surface — median value of $213K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 76660 is solid only for operators who understand what they are buying. A $213K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Stepping back, 76660 offers a low basis, the region around Malone has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 76660 ZIP's population of 480 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
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 Malone:
Market Trends
Home Value History (with trend line)
📊 How Does 76660 Compare?
| Metric | 76660 | Malone | Texas |
|---|---|---|---|
| Home Value | $212,929 | $212,929 | $297,000 |
| 5-Year CAGR | N/A | N/A | 5.4% |
| Avg Rent | $927 | $927 | - |
| Cap Rate | 3.4% | 3.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 76660 (Malone, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $212,929 |
| Monthly Rent | $927 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 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 (3.4%). 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 76660
Population: 480
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 76660
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 608 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much should I expect to pay for a home in Malone, TX?
Typical homes in Malone, TX go for around $213K. The 5-year CAGR of 0.0% steady price movement.
What is it like being a landlord in Malone, TX?
TX law landlord-friendly for landlords, and Malone inherits those rules. Investors should still review local ordinances for rental licensing.
How strong is the working-renter base in Malone, TX?
Tenant demand in Malone, TX is solid. The local workforce $927/mo rents across most rental classes.
How much is rent in Malone, TX?
Rents in Malone, TX run near $927/mo. Compared with median home prices of $213K that produces solid gross yields for typical rentals.
What does house hacking look like in Malone, TX?
For house hackers, Malone, TX is a challenging. The $927/mo rent on a unit helps defray the mortgage on a $213K property.
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