Real Estate Investing in Meridian, Texas (76690)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76690 (Meridian, 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: 38.0% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.3% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Meridian, TX (76690)?
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Market Analysis: 76690 Meridian
This part of Bosque County is not an easy win. The 76690 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $999/mo on a $257K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 76690 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Meridian have seen price recovery that 76690 has not matched. Bosque County data supports the view that the spread is structural rather than temporary.
Employment concentration in 76690 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 76690 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Meridian:
Market Trends
Home Value History (with trend line)
📊 How Does 76690 Compare?
| Metric | 76690 | Meridian | Texas |
|---|---|---|---|
| Home Value | $256,822 | $265,647 | $297,000 |
| 5-Year CAGR | 1.3% | 1.9% | 5.4% |
| Avg Rent | $999 | $936 | - |
| Cap Rate | 3.0% | 2.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 76690 (Meridian, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $256,822 |
| Monthly Rent | $999 |
| Price-to-Rent | 21.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 4.3% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +1.3% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (3.0%). 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 76690
Population: 1,280
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 76690
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
Are landlord laws favorable in Meridian, TX?
Rental owners in Meridian, TX deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How strong is Meridian, TX for real estate investors?
Meridian, TX scores 2.0/5 for investability. Home values sit at $257K and rents near $999/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How qualified is the tenant pool in Meridian, TX?
Expect a solid tenant pool in Meridian, TX. The rental market absorbs $999/mo rents without meaningful friction.
Can owner-occupants cash flow in Meridian, TX?
Meridian, TX offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $999/mo rent level.
What is the smart move for investors in Meridian, TX?
In Meridian, TX the solid play is typically careful cash-flow rentals with hands-on management. The combination of $257K prices and $999/mo rents suits that approach.
You know 76690 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 76690 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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