Real Estate Investing in Goodrich, Texas (77335)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 77335 (Goodrich, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 22.4% of homes vacant — above national norms.
- Higher unemployment: 8.3% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Goodrich, TX (77335)?
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Market Analysis: 77335 Goodrich
In practical terms, ZIP 77335 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $137K median. It rewards specialists, not generalists.
Turning to rents, the numbers look inviting — $137K purchase price, 0.0% nominal cap — the work to hit that pro forma in 77335 is substantial and deserves full respect.
In practical terms, 77335 offers a low basis, the region around Goodrich has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 77335 ZIP's population of 2,945 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
Experienced landlords with local relationships tend to find 77335 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 Goodrich:
Property Strategy for 77335
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $126,046 | $1,260 | 7.2% | +6.1% | $63,023 |
| 3BR | $181,774 | $1,510 | 6.0% | +6.8% | $60,591 |
Market Trends
Home Value History (with trend line)
📊 How Does 77335 Compare?
| Metric | 77335 | Goodrich | Texas |
|---|---|---|---|
| Home Value | $136,754 | $136,754 | $297,000 |
| 5-Year CAGR | 1.7% | 1.7% | 5.4% |
| Avg Rent | $1,134 | $1,134 | - |
| Cap Rate | 6.5% | 6.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 77335 (Goodrich, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $136,754 |
| Monthly Rent | $1,134 |
| Price-to-Rent | 10.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.0% |
| Cap Rate | 6.5% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | -1.9% ▼ |
| 3-Year CAGR | -1.1% ▼ |
| 5-Year CAGR | +1.7% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.5%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 77335
Population: 2,945
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 77335
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
Is Goodrich, TX a smart market for rental property?
Investors tracking Goodrich, TX will find a 3.0/5 rating supported by $137K median home values and $1,134/mo rents. That profile suits long-term holders targeting measured returns.
How qualified is the tenant pool in Goodrich, TX?
Goodrich, TX offers a consistent renter base at the $1,134/mo rent level. Tenant turnover is reasonable for well-managed properties.
How quickly do rentals get leased in Goodrich, TX?
Goodrich, TX vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the best play in Goodrich, TX?
A careful cash-flow rentals with hands-on management strategy Goodrich, TX best. The market produces consistent results for that approach at the $137K price point.
What are rental rates like in Goodrich, TX?
Expect rents around $1,134/mo per month in Goodrich, TX. With home values at $137K, the yield math works out to reasonable levels for rental investors.
You know 77335 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 77335 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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