Real Estate Investing in Kerrville, Texas (78028)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 78028 (Kerrville, TX)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 9.3% vacancy may signal weakening demand.
What’s happening in Kerrville, TX (78028)?
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Market Analysis: 78028 Kerrville
Investors eyeing 78028 need to respect the fundamentals at play. Home values of $352K come alongside slower price movement and elevated management overhead.
Rent of $1,924/mo on a $352K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 78028 sits below the stated 0.0% once reality is priced in.
The gap between 78028 and stronger Kerrville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A durable renter share of 32% in 78028 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 78028 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 Kerrville:
Property Strategy for 78028
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $211,652 | $980 | 3.3% | +4.8% | $211,652 |
| 2BR | $254,143 | $1,130 | 3.2% | +5.2% | $127,071 |
| 3BR | $374,201 | $1,490 | 2.9% | +5.8% | $124,734 |
| 4BR | $564,425 | $1,500 | 1.9% | +6.8% | $141,106 |
| 5BR | $879,536 | — | — | +6.9% | $175,907 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 78028 Compare?
| Metric | 78028 | Kerrville | Kerrville, TX | Texas |
|---|---|---|---|---|
| Home Value | $351,602 | $175,801 | N/A | $297,000 |
| 5-Year CAGR | 2.3% | 2.3% | N/A | 5.4% |
| Avg Rent | $1,924 | $1,924 | N/A | - |
| Cap Rate | 4.3% | 4.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 78028 (Kerrville, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $351,602 |
| Monthly Rent | $1,924 |
| Price-to-Rent | 15.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | -1.1% ▼ |
| 5-Year CAGR | +2.3% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | +20.5% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). 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 78028
Population: 40,829
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 78028
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
Frequently Asked Questions
What do rentals go for in Kerrville, TX?
Average rent in Kerrville, TX is approximately $1,924/mo per month. Against $352K home values that yields a reasonable rent-to-price ratio.
How do landlord-tenant laws work in Kerrville, TX?
TX law landlord-friendly for landlords, and Kerrville inherits those rules. Investors should still review local ordinances for rental licensing.
Does Kerrville, TX make sense for an investment property?
With a 3.0/5 investability score, Kerrville, TX ranks as a solid market for rental property investors. Median prices of $352K and rents of $1,924/mo drive the underlying numbers.
What approach is best for Kerrville, TX real estate?
The best-fit strategy in Kerrville, TX is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the rental occupancy rate in Kerrville, TX?
Occupancy in Kerrville, TX runs steady with elevated vacancy. Well-priced units at $1,924/mo lease on reasonable timelines.
You know 78028 now. You don’t know where it ranks.
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How 78028 ranks in Kerrville, TX
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