Real Estate Investing in Leakey, Texas (78873)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 78873 (Leakey, 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: 50.3% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 31.6 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Leakey, TX (78873)?
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Market Analysis: 78873 Leakey
The 78873 ZIP covers a section of Leakey that demands careful diligence. Prices near $334K look accessible, but the work to make a deal cash flow is real.
Turning to rents, the numbers look inviting — $334K purchase price, 0.0% nominal cap — the work to hit that pro forma in 78873 is substantial and deserves full respect.
ZIP 78873's metrics run below Real County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
From an investor standpoint, 1,498 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Leakey's stable or hybrid ZIPs before stepping into 78873. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Leakey:
Market Trends
Home Value History (with trend line)
📊 How Does 78873 Compare?
| Metric | 78873 | Leakey | Texas |
|---|---|---|---|
| Home Value | $334,174 | $334,174 | $297,000 |
| 5-Year CAGR | 3.2% | 3.2% | 5.4% |
| Avg Rent | $882 | $882 | - |
| Cap Rate | 2.1% | 2.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 78873 (Leakey, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $334,174 |
| Monthly Rent | $882 |
| Price-to-Rent | 31.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 5.3% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | -0.1% ▼ |
| 5-Year CAGR | +3.2% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 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 (2.1%). 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 78873
Population: 1,498
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 78873
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
What kind of tenants rent in Leakey, TX?
Tenant demand in Leakey, TX is solid. The local workforce $882/mo rents across most rental classes.
Is Leakey, TX a smart market for rental property?
Yes - Leakey, TX a 3.0/5 investability score. With $334K home prices against $882/mo monthly rent, the market delivers a reasonable entry point for new investors.
What price range are homes in Leakey, TX?
Homes in Leakey, TX typically sell near $334K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
What kind of vacancy should I budget for in Leakey, TX?
Rental vacancy in Leakey, TX is elevated. Investors should budget normal turnover but not chronic empty units.
Is Leakey, TX a friendly market for rental owners?
Rental owners in Leakey, TX deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 78873 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 78873 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.
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