Real Estate Investing in Harwood, Texas (78632)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 78632 (Harwood, 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: 17.2% 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 Harwood, TX (78632)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 78632 Harwood
The 78632 ZIP in Harwood, TX is a local-operator market. Outside capital chasing a $429K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $429K asset, 78632 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 78632 and stronger Harwood ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 78632 ZIP's population of 1,391 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
Experienced landlords with local relationships tend to find 78632 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 Harwood:
Market Trends
Home Value History (with trend line)
📊 How Does 78632 Compare?
| Metric | 78632 | Harwood | Austin-Round Rock-Georgetown, TX | Texas |
|---|---|---|---|---|
| Home Value | $428,518 | $428,518 | N/A | $297,000 |
| 5-Year CAGR | N/A | N/A | N/A | 5.4% |
| Avg Rent | $1,584 | $1,584 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 78632 (Harwood, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 78632 (Harwood, TX)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $428,518 |
| Monthly Rent | $1,584 |
| Price-to-Rent | 22.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 1.4% |
📈 Home Appreciation
| 1-Year | -1.9% ▼ |
| 3-Year CAGR | -1.5% ▼ |
| 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 (2.9%). 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 78632
Population: 1,391
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
Frequently Asked Questions
Is rental property easy to operate in Harwood, TX?
TX law landlord-friendly for landlords, and Harwood inherits those rules. Investors should still review local ordinances for rental licensing.
What is the typical renter like in Harwood, TX?
The renter base in Harwood, TX is reasonable for the $1,584/mo price point. Screening well and pricing to market typically yields predictable tenants.
How much should I expect to pay for a home in Harwood, TX?
Harwood, TX home values average about $429K. That price point suits investors targeting rentals with $1,584/mo in monthly income.
What are vacancy rates like in Harwood, TX?
Harwood, TX carries elevated vacancy risk. Expect measured absorption at market rents of $1,584/mo.
Can I live-in-and-rent in Harwood, TX?
Harwood, TX is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $429K price point reasonable to enter.
You know 78632 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 78632 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.
How 78632 ranks in Austin-Round Rock-Georgetown, TX
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 78632 (Harwood)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 78632 (Harwood, TX).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.