Real Estate Investing in Warren, Texas (77664)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 77664 (Warren, 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: 21.6% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Warren, TX (77664)?
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Market Analysis: 77664 Warren
Investors eyeing 77664 need to respect the fundamentals at play. Home values of $207K come alongside slower price movement and elevated management overhead.
The investment case in 77664 is sturdy only for operators who understand what they are buying. A $207K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 77664 and stronger Warren ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Looking more closely, 2,590 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.
The right play in 77664 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 Warren:
Market Trends
Home Value History (with trend line)
📊 How Does 77664 Compare?
| Metric | 77664 | Warren | Texas |
|---|---|---|---|
| Home Value | $206,668 | $206,668 | $297,000 |
| 5-Year CAGR | 2.3% | 2.3% | 5.4% |
| Avg Rent | $945 | $945 | - |
| Cap Rate | 3.6% | 3.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 77664 (Warren, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $206,668 |
| Monthly Rent | $945 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +2.3% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 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 (3.6%). 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 77664
Population: 2,590
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 77664
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 housing expensive in Warren, TX?
Warren, TX home values average about $207K. That price point suits investors targeting rentals with $945/mo in monthly income.
Are there empty rentals in Warren, TX?
Warren, TX sees elevated vacancy, which is reasonable relative to the broader TX rental market.
How deep is the rental pool in Warren, TX?
The tenant pool in Warren, TX is solid, supported by local employment and population fundamentals. Rents of $945/mo are well-absorbed by the market.
Does Warren, TX favor landlords or tenants?
Warren, TX operates under TX law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
Is real estate in Warren, TX a good investment right now?
Warren, TX scores 3.0/5 for investability. Home values sit at $207K and rents near $945/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 77664 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 77664 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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