Real Estate Investing in Damon, Texas (77430)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 77430 (Damon, 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: 14.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.6 — 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 Damon, TX (77430)?
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Market Analysis: 77430 Damon
Investors eyeing 77430 need to respect the fundamentals at play. Home values of $367K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 77430 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 77430 sits on the difficult end of the TX spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
On the rental side, 1,916 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Damon's stable or hybrid ZIPs before stepping into 77430. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Damon:
Property Strategy for 77430
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $435,163 | $1,730 | 2.9% | +6.4% | $145,054 |
| 4BR | $574,063 | $2,150 | 2.7% | +6.4% | $143,516 |
Market Trends
Home Value History (with trend line)
📊 How Does 77430 Compare?
| Metric | 77430 | Damon | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $367,306 | $343,658 | N/A | $297,000 |
| 5-Year CAGR | 3.4% | 2.5% | N/A | 5.4% |
| Avg Rent | $1,152 | $1,139 | N/A | - |
| Cap Rate | 2.5% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 77430 (Damon, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $367,306 |
| Monthly Rent | $1,152 |
| Price-to-Rent | 26.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 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 (2.5%). 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 77430
Population: 1,916
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 77430
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
What are rental rates like in Damon, TX?
Average rent in Damon, TX is approximately $1,152/mo per month. Against $367K home values that yields a reasonable rent-to-price ratio.
How deep is the rental pool in Damon, TX?
The tenant pool in Damon, TX is solid, supported by local employment and population fundamentals. Rents of $1,152/mo are well-absorbed by the market.
What price range are homes in Damon, TX?
The median home value in Damon, TX is roughly $367K. That puts it reasonable relative to the TX statewide average.
How do landlord-tenant laws work in Damon, TX?
TX ranks as a landlord-friendly state for landlord-tenant law. Damon generally follows the statewide framework, so landlords face reasonable operating rules.
Does Damon, TX make sense for an investment property?
The 3.0/5 investability rating in Damon, TX reflects its $367K prices and $1,152/mo rents. Investors generally consider it a solid option within TX.
You know 77430 now. You don’t know where it ranks.
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How 77430 ranks in Houston-The Woodlands-Sugar Land, TX
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