Real Estate Investing in Santa Fe, Texas (77517)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 77517 (Santa Fe, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Higher unemployment: 10.6% unemployment — tenant risk signal.
- High price-to-rent: Price-to-rent ratio 31.7 — 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 Santa Fe, TX (77517)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 77517 Santa Fe
This part of Galveston is not an easy win. The 77517 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,035/mo on a $394K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 77517 sits below the stated 0.0% once reality is priced in.
Regionally, 77517 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.
Resident income in 77517 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 77517 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 Santa Fe:
Property Strategy for 77517
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $236,906 | $1,150 | 3.5% | +7.0% | $118,453 |
| 3BR | $363,518 | $1,530 | 3.0% | +6.6% | $121,173 |
| 4BR | $500,365 | $1,920 | 2.8% | +6.7% | $125,091 |
Market Trends
Home Value History (with trend line)
📊 How Does 77517 Compare?
| Metric | 77517 | Santa Fe | Texas |
|---|---|---|---|
| Home Value | $393,837 | $363,415 | $297,000 |
| 5-Year CAGR | 3.7% | 3.5% | 5.4% |
| Avg Rent | $1,035 | $1,443 | - |
| Cap Rate | 2.1% | 3.2% | - |
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 77517 (Santa Fe, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $393,837 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 31.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (2.1%). 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 77517
Population: 5,665
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 77517
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
ROY J WOLLAM EL
DAN J KUBACAK EL
WILLIAM F BARNETT EL
COASTAL ALTERNATIVE PROGRAM (CAP)
SANTA FE J H
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 3,262 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical renter like in Santa Fe, TX?
Santa Fe, TX offers a even-keeled renter base at the $1,035/mo rent level. Tenant turnover is reasonable for well-managed properties.
Are eviction rules reasonable in Santa Fe, TX?
For rental operators, Santa Fe, TX rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What is the typical home price in Santa Fe, TX?
In Santa Fe, TX the median home value sits at $394K. Against the broader TX market, that reads as reasonable for most investors.
Should investors worry about vacancy in Santa Fe, TX?
Santa Fe, TX sees elevated vacancy, which is reasonable relative to the broader TX rental market.
How much do tenants pay in Santa Fe, TX?
Expect rents around $1,035/mo per month in Santa Fe, TX. With home values at $394K, the yield math works out to reasonable levels for rental investors.
You know 77517 now. You don’t know where it ranks.
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