Real Estate Investing in Penelope, Texas (76676)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76676 (Penelope, 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: 13.2% of homes vacant — above national norms.
• 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 Penelope, TX (76676)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 76676 Penelope
ZIP 76676 in Penelope, TX carries a substantial set of headwinds. Home values near $220K and rents of $981/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 76676 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader TX picture, 76676 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 76676 includes headwinds that any investor should price in. Income distribution skews lower than Penelope averages, and tenant stability requires active management.
Strategically, 76676 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 Penelope:
Market Trends
Home Value History (with trend line)
📊 How Does 76676 Compare?
| Metric | 76676 | Penelope | Texas |
|---|---|---|---|
| Home Value | $220,026 | $220,026 | $297,000 |
| 5-Year CAGR | N/A | N/A | 5.4% |
| Avg Rent | $981 | $981 | - |
| Cap Rate | 3.5% | 3.5% | - |
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 76676 (Penelope, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $220,026 |
| Monthly Rent | $981 |
| Price-to-Rent | 18.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 6.1% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 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 (3.5%). 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 76676
Population: 353
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 76676
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
Are landlord laws favorable in Penelope, TX?
Penelope, TX operates under TX law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
What is the typical renter like in Penelope, TX?
Penelope, TX offers a reliable renter base at the $981/mo rent level. Tenant turnover is reasonable for well-managed properties.
What is the rental occupancy rate in Penelope, TX?
Occupancy in Penelope, TX runs steady with elevated vacancy. Well-priced units at $981/mo lease on reasonable timelines.
What does house hacking look like in Penelope, TX?
The a challenging house-hack environment in Penelope, TX reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Where do home prices stand in Penelope, TX?
Penelope, TX home values average about $220K. That price point suits investors targeting rentals with $981/mo in monthly income.
You know 76676 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 76676 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.
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