Real Estate Investing in Skidmore, Texas (78389)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 78389 (Skidmore, TX)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 26.4% 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 Skidmore, TX (78389)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 78389 Skidmore
On the rental side, ZIP 78389 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $162K median. It rewards specialists, not generalists.
The 78389 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within TX, ZIP 78389 trails on several market indicators that neighboring Bee submarkets outperform. The gap is real and durable enough to shape underwriting.
Demographically, 78389 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 78389 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Skidmore:
Market Trends
Home Value History (with trend line)
📊 How Does 78389 Compare?
| Metric | 78389 | Skidmore | Texas |
|---|---|---|---|
| Home Value | $162,040 | $162,040 | $297,000 |
| 5-Year CAGR | N/A | N/A | 5.4% |
| Avg Rent | $981 | $981 | - |
| Cap Rate | 4.7% | 4.7% | - |
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 78389 (Skidmore, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 78389 (Skidmore, TX)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $162,040 |
| Monthly Rent | $981 |
| Price-to-Rent | 13.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.7% |
| 5-Year IRR | N/A |
📈 Home Appreciation
| 1-Year | -1.7% ▼ |
| 3-Year CAGR | -5.9% ▼ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (4.7%). 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 78389
Population: 2,036
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 78389
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 1,353 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical rental rate in Skidmore, TX?
The typical rental in Skidmore, TX commands about $981/mo monthly. That rent profile even-keeled cash flow against the $162K purchase basis.
Is rental property easy to operate in Skidmore, TX?
The landlord environment in Skidmore, TX is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is Skidmore, TX a good market for buy-and-hold investors?
Investors tracking Skidmore, TX will find a 2.0/5 rating supported by $162K median home values and $981/mo rents. That profile suits long-term holders targeting consistent returns.
Do landlords face vacancy issues in Skidmore, TX?
Rental vacancy in Skidmore, TX is elevated. Investors should budget normal turnover but not chronic empty units.
Does house hacking work in Skidmore, TX?
House hacking in Skidmore, TX is reasonable to execute. Prices around $162K and rents of $981/mo solid owner-occupant economics.
You know 78389 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 78389 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.
AI Market Advisor
Ask questions about investing in 78389 (Skidmore)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 78389 (Skidmore, TX).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.