Real Estate Investing in Elgin, Texas (78621)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 78621 (Elgin, 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.
- Elevated vacancy: 8.5% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (0.0% CAGR).
- 1-year downturn: Values declined 3.1% in the last year.
What’s happening in Elgin, TX (78621)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 78621 Elgin
The 78621 ZIP covers a section of Elgin that demands careful diligence. Prices near $292K look accessible, but the work to make a deal cash flow is real.
On the rental side, the numbers look inviting — $292K purchase price, 0.0% nominal cap — the work to hit that pro forma in 78621 is substantial and deserves full respect.
Put differently, 78621 offers a low basis, the region around Elgin has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 78621 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.
New investors are better served looking at Elgin's stable or hybrid ZIPs before stepping into 78621. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Elgin:
Property Strategy for 78621
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $239,427 | $1,760 | 5.3% | +4.6% | $119,714 |
| 3BR | $277,485 | $2,240 | 5.8% | +5.1% | $92,495 |
| 4BR | $302,528 | $2,600 | 6.2% | +4.6% | $75,632 |
| 5BR | $344,931 | — | — | +3.3% | $68,986 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 78621 Compare?
| Metric | 78621 | Elgin | Texas |
|---|---|---|---|
| Home Value | $292,474 | $292,474 | $297,000 |
| 5-Year CAGR | 0.0% | 0.0% | 5.4% |
| Avg Rent | $1,816 | $1,816 | - |
| Cap Rate | 4.8% | 4.8% | - |
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 78621 (Elgin, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 78621 (Elgin, TX)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $292,474 |
| Monthly Rent | $1,816 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.8% |
| 5-Year IRR | 4.9% |
📈 Home Appreciation
| 1-Year | -3.1% ▼ |
| 3-Year CAGR | -4.5% ▼ |
| 5-Year CAGR | +0.0% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 Rent Trends
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.8%). 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 78621
Population: 27,860
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 78621
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 do home values compare in Elgin, TX?
Typical homes in Elgin, TX go for around $292K. The 5-year CAGR of 0.0% stable price movement.
Is real estate in Elgin, TX a good investment right now?
The 3.0/5 investability rating in Elgin, TX reflects its $292K prices and $1,816/mo rents. Investors generally consider it a solid option within TX.
How deep is the rental pool in Elgin, TX?
The renter base in Elgin, TX is reasonable for the $1,816/mo price point. Screening well and pricing to market typically yields steady tenants.
Is Elgin, TX suited for a house hack?
The house hack math a challenging in Elgin, TX. Owner-occupant buyers benefit from the $1,816/mo rents and $292K home values.
Is TX a landlord-friendly state?
Elgin, TX operates under TX law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
You know 78621 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 78621 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 78621 (Elgin)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 78621 (Elgin, TX).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.