Real Estate Investing in Bishop, Texas (78343)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 78343 (Bishop, TX)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.4% of homes vacant — above national norms.
- Declining values: -2.0% 5-year CAGR — values have moved lower.
- Elevated poverty: 20.7% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bishop, TX (78343)?
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Market Analysis: 78343 Bishop
This part of Nueces County is not an easy win. The 78343 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 78343 is durable only for operators who understand what they are buying. A $142K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
From an investor standpoint, 78343 offers a low basis, the region around Bishop has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 78343 includes headwinds that any investor should price in. Income distribution skews lower than Bishop averages, and tenant stability requires active management.
The right play in 78343 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 Bishop:
Market Trends
Home Value History (with trend line)
📊 How Does 78343 Compare?
| Metric | 78343 | Bishop | Corpus Christi, TX | Texas |
|---|---|---|---|---|
| Home Value | $141,615 | $141,615 | N/A | $297,000 |
| 5-Year CAGR | N/A | N/A | N/A | 5.4% |
| Avg Rent | $1,134 | $1,134 | N/A | - |
| Cap Rate | 6.3% | 6.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 78343 (Bishop, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $141,615 |
| Monthly Rent | $1,134 |
| Price-to-Rent | 10.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.6% |
| Cap Rate | 6.3% |
| 5-Year IRR | 4.2% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | -0.1% ▼ |
| 5-Year CAGR | -2.0% ▼ |
| 10-Year CAGR | +2.1% ▲ |
🏠 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 (6.3%). 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 78343
Population: 4,565
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 78343
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 1,030 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Bishop, TX stack up for property investment?
Yes - Bishop, TX a 3.0/5 investability score. With $142K home prices against $1,134/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the typical vacancy rate in Bishop, TX?
Occupancy in Bishop, TX runs predictable with elevated vacancy. Well-priced units at $1,134/mo lease on reasonable timelines.
What do rentals go for in Bishop, TX?
Rental rates in Bishop, TX average $1,134/mo. Tenant demand and $142K home values make the yield look reasonable by investor standards.
How do experienced investors play Bishop, TX?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Bishop, TX. The numbers - $142K homes against $1,134/mo rents - support that play.
Is TX a landlord-friendly state?
Landlord-friendliness in Bishop, TX is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 78343 now. You don’t know where it ranks.
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How 78343 ranks in Corpus Christi, TX
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