Real Estate Investing in Cat Spring, Texas (78933)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 78933 (Cat Spring, 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: 24.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 48.8 — 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 Cat Spring, TX (78933)?
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Market Analysis: 78933 Cat Spring
The 78933 ZIP in Cat Spring, TX is a local-operator market. Outside capital chasing a $633K entry has to pair deep knowledge with the discount.
The investment case in 78933 is durable only for operators who understand what they are buying. A $633K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 78933 among TX's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 78933 includes headwinds that any investor should price in. Income distribution skews lower than Cat Spring averages, and tenant stability requires active management.
The 78933 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Cat Spring:
Market Trends
Home Value History (with trend line)
📊 How Does 78933 Compare?
| Metric | 78933 | Cat Spring | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $632,710 | $632,710 | N/A | $297,000 |
| 5-Year CAGR | 2.5% | 2.5% | N/A | 5.4% |
| Avg Rent | $1,080 | $1,080 | N/A | - |
| Cap Rate | 1.3% | 1.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 78933 (Cat Spring, TX). Anonymous, moderated, never written by AI.
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Property managers serving Austin County
Manage rentals here? List your business →512-Society Property Management provides single-family and multi-family property management services across North Austin and Round Rock since 2005. summary from their website
PS Property Management is an Austin HOA Management Company. summary from their website
1836 Property Management, also known as Next Gen Property Management, offers property management services in Austin. 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 | $632,710 |
| Monthly Rent | $1,080 |
| Price-to-Rent | 48.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.1% |
| Cap Rate | 1.3% |
| 5-Year IRR | 3.9% |
📈 Home Appreciation
| 1-Year | +0.2% ▲ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (1.3%). 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 78933
Population: 1,211
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 monthly rent should investors expect in Cat Spring, TX?
Average rent in Cat Spring, TX is approximately $1,080/mo per month. Against $633K home values that yields a reasonable rent-to-price ratio.
How quickly do rentals get leased in Cat Spring, TX?
Cat Spring, TX carries elevated vacancy risk. Expect steady absorption at market rents of $1,080/mo.
Is Cat Spring in TX worth investing in?
Investors tracking Cat Spring, TX will find a 2.0/5 rating supported by $633K median home values and $1,080/mo rents. That profile suits long-term holders targeting steady returns.
What approach is best for Cat Spring, TX real estate?
The best-fit strategy in Cat Spring, TX is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How expensive is real estate in Cat Spring, TX?
Median home price in Cat Spring, TX is near $633K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
You know 78933 now. You don’t know where it ranks.
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How 78933 ranks in Houston-The Woodlands-Sugar Land, TX
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