Real Estate Investing in Paint Rock, Texas (76866)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76866 (Paint Rock, TX)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 43.9% of homes vacant — above national norms.
- 1-year downturn: Values declined 10.4% in the last year.
• 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 Paint Rock, TX (76866)?
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Market Analysis: 76866 Paint Rock
ZIP 76866 inside Concho County looks affordable on the surface — median value of $196K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 76866 can be a a credible choice for hunting ground — but the discount at $196K reflects genuine risk that outside investors often underestimate.
Regionally, 76866 sits on the difficult end of the TX spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 76866 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 76866 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 Paint Rock:
Market Trends
Home Value History (with trend line)
📊 How Does 76866 Compare?
| Metric | 76866 | Paint Rock | Texas |
|---|---|---|---|
| Home Value | $195,720 | $195,720 | $297,000 |
| 5-Year CAGR | N/A | N/A | 5.4% |
| Avg Rent | $1,035 | $1,035 | - |
| Cap Rate | 4.1% | 4.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 76866 (Paint Rock, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $195,720 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.1% |
| 5-Year IRR | 3.2% |
📈 Home Appreciation
| 1-Year | -10.4% ▼ |
| 3-Year CAGR | -0.9% ▼ |
| 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 (4.1%). 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 76866
Population: 918
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 76866
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
How high is vacancy risk in Paint Rock, TX?
Vacancy risk in Paint Rock, TX is elevated. That supports steady cash flow for typical rental holds.
Does Paint Rock, TX favor landlords or tenants?
Rental owners in Paint Rock, TX deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What is the average monthly rent in Paint Rock, TX?
Expect rents around $1,035/mo per month in Paint Rock, TX. With home values at $196K, the yield math works out to reasonable levels for rental investors.
What does house hacking look like in Paint Rock, TX?
The a challenging house-hack environment in Paint Rock, TX reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is Paint Rock, TX a good place for real estate investing?
Yes - Paint Rock, TX a 2.0/5 investability score. With $196K home prices against $1,035/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 76866 now. You don’t know where it ranks.
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