Real Estate Investing in Round Rock, Texas (78664)
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Should you buy in 78664 (Round Rock, 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.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Declining values: -1.7% 5-year CAGR — values have moved lower.
What’s happening in Round Rock, TX (78664)?
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Market Analysis: 78664 Round Rock
Investors eyeing 78664 need to respect the fundamentals at play. Home values of $338K come alongside slower price movement and elevated management overhead.
The 78664 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 78664 sits on the difficult end of the TX spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
A impressive renter share of 45% in 78664 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 78664 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Round Rock:
Property Strategy for 78664
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $259,810 | $1,790 | 5.0% | +4.8% | $129,905 |
| 3BR | $319,934 | $2,270 | 5.1% | +5.0% | $106,645 |
| 4BR | $413,587 | $2,670 | 4.6% | +5.5% | $103,397 |
| 5BR | $604,588 | — | — | +6.4% | $120,918 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 78664 Compare?
| Metric | 78664 | Round Rock | Austin-Round Rock-Georgetown, TX | Texas |
|---|---|---|---|---|
| Home Value | $337,587 | $407,455 | N/A | $297,000 |
| 5-Year CAGR | N/A | N/A | N/A | 5.4% |
| Avg Rent | $1,637 | $1,725 | N/A | - |
| Cap Rate | 3.8% | 3.4% | - | - |
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 78664 (Round Rock, TX). Anonymous, moderated, never written by AI.
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Property managers serving Williamson County
Manage rentals here? List your business →PS Property Management is an Austin HOA Management Company. summary from their website
PURE Property Management of Texas aims to provide simple and satisfying rental experiences for all. summary from their website
MBM Property Management offers property management services for rentals in various Central Texas communities, including Austin, Cedar Park, Georgetown, and Round Rock. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $337,587 |
| Monthly Rent | $1,637 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 2.1% |
📈 Home Appreciation
| 1-Year | -1.8% ▼ |
| 3-Year CAGR | -3.9% ▼ |
| 5-Year CAGR | -1.7% ▼ |
| 10-Year CAGR | +4.7% ▲ |
🏠 Rent Trends
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | -0.7% ▼ |
| 5-Year CAGR | +1.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 78664
Population: 62,272
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 78664
Schools in This ZIP Code
About Repit School Scores
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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
Frequently Asked Questions
What is the average home sale price in Round Rock, TX?
Round Rock, TX home values average about $338K. That price point suits investors targeting rentals with $1,637/mo in monthly income.
Are tenants stable in Round Rock, TX?
The tenant pool in Round Rock, TX is solid, supported by local employment and population fundamentals. Rents of $1,637/mo are well-absorbed by the market.
Is Round Rock, TX better for rentals, flips, or BRRRR?
The best-fit strategy in Round Rock, TX is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Can I live-in-and-rent in Round Rock, TX?
Round Rock, TX is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $338K price point reasonable to enter.
What is the typical vacancy rate in Round Rock, TX?
Expect elevated vacancy in Round Rock, TX. Rents at $1,637/mo are absorbed by the tenant base without meaningful lag.
You know 78664 now. You don’t know where it ranks.
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How 78664 ranks in Austin-Round Rock-Georgetown, TX
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