Real Estate Investing in Paige, Texas (78659)
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Should you buy in 78659 (Paige, TX)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 18.0% 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 Paige, TX (78659)?
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Market Analysis: 78659 Paige
ZIP 78659 inside Bastrop County looks affordable on the surface — median value of $456K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $456K asset, 78659 is the wrong submarket. If the plan prices in friction, the yield can still work.
On the rental side, 78659 offers a low basis, the region around Paige 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 78659 includes headwinds that any investor should price in. Income distribution skews lower than Paige averages, and tenant stability requires active management.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Paige:
Market Trends
Home Value History (with trend line)
📊 How Does 78659 Compare?
| Metric | 78659 | Paige | Austin-Round Rock-Georgetown, TX | Texas |
|---|---|---|---|---|
| Home Value | $456,400 | $456,400 | N/A | $297,000 |
| 5-Year CAGR | 2.8% | 2.8% | N/A | 5.4% |
| Avg Rent | $1,584 | $1,584 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 78659 (Paige, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $456,400 |
| Monthly Rent | $1,584 |
| Price-to-Rent | 24.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 5.5% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | -1.2% ▼ |
| 5-Year CAGR | +2.8% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 78659
Population: 2,898
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
What is the investability score for Paige, TX?
Yes - Paige, TX a 3.0/5 investability score. With $456K home prices against $1,584/mo monthly rent, the market delivers a reasonable entry point for new investors.
Are rents high in Paige, TX?
Paige, TX rentals go for roughly $1,584/mo a month. That puts gross yield in solid territory relative to $456K acquisition costs.
What kind of vacancy should I budget for in Paige, TX?
Paige, TX vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How should investors approach Paige, TX?
Most investors in Paige, TX run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How viable is house hacking in Paige, TX?
House hacking in Paige, TX is a challenging. With home values around $456K and rents at $1,584/mo, owner-occupants can offset a meaningful share of PITI.
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