Real Estate Investing in Galveston, Texas (77551)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 77551 (Galveston, TX)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 15.6% of homes vacant — above national norms.
- 1-year downturn: Values declined 3.4% in the last year.
What’s happening in Galveston, TX (77551)?
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Market Analysis: 77551 Galveston
Investors eyeing 77551 need to respect the fundamentals at play. Home values of $245K come alongside slower price movement and elevated management overhead.
Rent of $1,215/mo on a $245K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 77551 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Galveston have seen price recovery that 77551 has not matched. Galveston County data supports the view that the spread is structural rather than temporary.
The 77551 ZIP's population of 22,031 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
The right play in 77551 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 Galveston:
Property Strategy for 77551
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $134,146 | $1,340 | 7.2% | +1.9% | $134,146 |
| 2BR | $243,972 | $1,590 | 4.7% | +6.9% | $121,986 |
| 3BR | $281,442 | $2,140 | 5.5% | +6.0% | $93,814 |
| 4BR | $379,337 | $2,670 | 5.1% | +5.3% | $94,834 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77551 Compare?
| Metric | 77551 | Galveston | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $245,189 | $264,863 | N/A | $297,000 |
| 5-Year CAGR | 2.0% | 1.6% | N/A | 5.4% |
| Avg Rent | $1,215 | $1,376 | N/A | - |
| Cap Rate | 3.9% | 3.3% | - | - |
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 77551 (Galveston, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $245,189 |
| Monthly Rent | $1,215 |
| Price-to-Rent | 16.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | -3.4% ▼ |
| 3-Year CAGR | -3.7% ▼ |
| 5-Year CAGR | +2.0% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | -4.3% ▼ |
| 3-Year CAGR | -1.0% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.9%). 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 77551
Population: 22,031
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 77551
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 1,749 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Galveston, TX?
Galveston, TX home values average about $245K. That price point suits investors targeting rentals with $1,215/mo in monthly income.
Are there empty rentals in Galveston, TX?
Vacancy risk in Galveston, TX is elevated. That supports measured cash flow for typical rental holds.
How strong is Galveston, TX for real estate investors?
Our data puts Galveston, TX at 2.0/5 for investability. Home prices of $245K and rents around $1,215/mo create a solid backdrop for investor activity.
Is TX a landlord-friendly state?
TX ranks as a landlord-friendly state for landlord-tenant law. Galveston generally follows the statewide framework, so landlords face reasonable operating rules.
What kind of tenants rent in Galveston, TX?
The renter base in Galveston, TX is reasonable for the $1,215/mo price point. Screening well and pricing to market typically yields measured tenants.
You know 77551 now. You don’t know where it ranks.
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How 77551 ranks in Houston-The Woodlands-Sugar Land, TX
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