Real Estate Investing in Booker, Texas (79005)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79005 (Booker, TX)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 17.3% 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 Booker, TX (79005)?
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Market Analysis: 79005 Booker
Not every below-median market is a bargain. Booker's 79005 ZIP shows signals that favor experienced operators who can absorb the risk $148K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $148K asset, 79005 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 79005 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 79005 includes headwinds that any investor should price in. Income distribution skews lower than Booker averages, and tenant stability requires active management.
The 79005 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 Booker:
Market Trends
Home Value History (with trend line)
📊 How Does 79005 Compare?
| Metric | 79005 | Booker | Texas |
|---|---|---|---|
| Home Value | $147,969 | $147,969 | $297,000 |
| 5-Year CAGR | N/A | N/A | 5.4% |
| Avg Rent | $900 | $900 | - |
| Cap Rate | 4.7% | 4.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 79005 (Booker, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $147,969 |
| Monthly Rent | $900 |
| Price-to-Rent | 13.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.7% |
| 5-Year IRR | 4.7% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | -0.1% ▼ |
| 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 (4.7%). 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 79005
Population: 1,519
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 79005
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
Is Booker, TX better for rentals, flips, or BRRRR?
Booker, TX investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($148K prices, $900/mo rents) make it a reasonable choice.
How strong is tenant demand in Booker, TX?
Booker, TX draws a reliable base of working renters. Demand at the $900/mo rent level is reasonable for standard single-family and small multi rentals.
How landlord-friendly is Booker, TX?
The landlord environment in Booker, TX is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is Booker, TX a good market for FHA house hackers?
Booker, TX is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $148K price point reasonable to enter.
What is the typical vacancy rate in Booker, TX?
Booker, TX vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 79005 now. You don’t know where it ranks.
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