Real Estate Investing in Dimmitt, Texas (79027)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79027 (Dimmitt, 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.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 21.0% of homes vacant — above national norms.
- Declining values: -5.3% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 5.5% in the last year.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Dimmitt, TX (79027)?
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Market Analysis: 79027 Dimmitt
This part of Castro County is not an easy win. The 79027 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $945/mo on a $126K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 79027 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Dimmitt have seen price recovery that 79027 has not matched. Castro County data supports the view that the spread is structural rather than temporary.
Turning to rents, 4,789 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.
Strategically, 79027 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 Dimmitt:
Market Trends
Home Value History (with trend line)
📊 How Does 79027 Compare?
| Metric | 79027 | Dimmitt | Texas |
|---|---|---|---|
| Home Value | $126,424 | $126,424 | $297,000 |
| 5-Year CAGR | N/A | N/A | 5.4% |
| Avg Rent | $945 | $945 | - |
| Cap Rate | 5.8% | 5.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 79027 (Dimmitt, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $126,424 |
| Monthly Rent | $945 |
| Price-to-Rent | 11.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.0% |
| Cap Rate | 5.8% |
| 5-Year IRR | 0.5% |
📈 Home Appreciation
| 1-Year | -5.5% ▼ |
| 3-Year CAGR | -6.8% ▼ |
| 5-Year CAGR | -5.3% ▼ |
| 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 (5.8%). 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 79027
Population: 4,789
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 79027
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 investment strategy works best in Dimmitt, TX?
A careful cash-flow rentals with hands-on management strategy Dimmitt, TX best. The market produces measured results for that approach at the $126K price point.
Is the tenant base reliable in Dimmitt, TX?
Tenant quality in Dimmitt, TX ranks as solid. Landlords generally report stable occupancy at market rents of $945/mo.
How much is rent in Dimmitt, TX?
Average rent in Dimmitt, TX is approximately $945/mo per month. Against $126K home values that yields a reasonable rent-to-price ratio.
Is Dimmitt, TX suited for a house hack?
House hacking in Dimmitt, TX is reasonable to execute. Prices around $126K and rents of $945/mo solid owner-occupant economics.
What is the average home sale price in Dimmitt, TX?
Dimmitt, TX home values average about $126K. That price point suits investors targeting rentals with $945/mo in monthly income.
You know 79027 now. You don’t know where it ranks.
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