Real Estate Investing in Harper, Texas (78631)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 78631 (Harper, TX)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 30.3% 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 Harper, TX (78631)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 78631 Harper
ZIP 78631 in Harper, TX carries a impressive set of headwinds. Home values near $416K and rents of $1,440/mo sit inside a market where underwriting has to be tight.
The 78631 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 78631's metrics run below Gillespie County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 78631 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 78631 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 Harper:
Market Trends
Home Value History (with trend line)
📊 How Does 78631 Compare?
| Metric | 78631 | Harper | Fredericksburg, TX | Texas |
|---|---|---|---|---|
| Home Value | $416,202 | $416,202 | N/A | $297,000 |
| 5-Year CAGR | 1.9% | 1.9% | N/A | 5.4% |
| Avg Rent | $1,440 | $1,440 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
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 78631 (Harper, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 78631 (Harper, TX)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $416,202 |
| Monthly Rent | $1,440 |
| Price-to-Rent | 24.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 4.6% |
📈 Home Appreciation
| 1-Year | -2.2% ▼ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | +1.9% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (2.7%). 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 78631
Population: 3,357
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 78631
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
How much does a house cost in Harper, TX?
The median home value in Harper, TX is roughly $416K. That puts it reasonable relative to the TX statewide average.
Is rental property easy to operate in Harper, TX?
TX ranks as a landlord-friendly state for landlord-tenant law. Harper generally follows the statewide framework, so landlords face reasonable operating rules.
Are tenants stable in Harper, TX?
The tenant pool in Harper, TX is solid, supported by local employment and population fundamentals. Rents of $1,440/mo are well-absorbed by the market.
Which investment style suits Harper, TX?
Most investors in Harper, TX run a careful cash-flow rentals with hands-on management strategy. It aligns with the 2.0/5 investability profile and the market fundamentals.
How does Harper, TX stack up for property investment?
With a 2.0/5 investability score, Harper, TX ranks as a solid market for rental property investors. Median prices of $416K and rents of $1,440/mo drive the underlying numbers.
You know 78631 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 78631 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 78631 (Harper)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 78631 (Harper, TX).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.