Real Estate Investing in New Waverly, Texas (77358)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 77358 (New Waverly, TX)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 17.9% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 27.8 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in New Waverly, TX (77358)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 77358 New Waverly
This part of Walker County is not an easy win. The 77358 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Turning to rents, the numbers look inviting — $393K purchase price, 0.0% nominal cap — the work to hit that pro forma in 77358 is substantial and deserves full respect.
Nearby ZIPs in New Waverly have seen price recovery that 77358 has not matched. Walker County data supports the view that the spread is structural rather than temporary.
A impressive renter share of 24% in 77358 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. durable returns are possible in 77358, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in New Waverly:
Property Strategy for 77358
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $219,896 | $1,310 | 4.3% | — | $109,948 |
| 3BR | $346,505 | $1,760 | 3.7% | +5.7% | $115,502 |
Market Trends
Home Value History (with trend line)
📊 How Does 77358 Compare?
| Metric | 77358 | New Waverly | Huntsville, TX | Texas |
|---|---|---|---|---|
| Home Value | $393,400 | $393,400 | N/A | $297,000 |
| 5-Year CAGR | 3.4% | 3.4% | N/A | 5.4% |
| Avg Rent | $1,179 | $1,179 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
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 77358 (New Waverly, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $393,400 |
| Monthly Rent | $1,179 |
| Price-to-Rent | 27.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 5.7% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 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 (2.3%). 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 77358
Population: 5,565
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 77358
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 1,284 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is New Waverly, TX landlord-friendly?
The landlord environment in New Waverly, TX is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How does New Waverly, TX rate as a rental market?
Our data puts New Waverly, TX at 3.0/5 for investability. Home prices of $393K and rents around $1,179/mo create a solid backdrop for investor activity.
What kind of tenants rent in New Waverly, TX?
The renter base in New Waverly, TX is reasonable for the $1,179/mo price point. Screening well and pricing to market typically yields steady tenants.
Does a duplex house hack pencil in New Waverly, TX?
House hacking in New Waverly, TX is reasonable to execute. Prices around $393K and rents of $1,179/mo solid owner-occupant economics.
What is the typical home price in New Waverly, TX?
Median home price in New Waverly, TX is near $393K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
You know 77358 now. You don’t know where it ranks.
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How 77358 ranks in Huntsville, TX
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