Real Estate Investing in Follett, Texas (79034)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79034 (Follett, 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: 38.6% of homes vacant — above national norms.
- 1-year downturn: Values declined 16.9% in the last year.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Follett, TX (79034)?
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Market Analysis: 79034 Follett
ZIP 79034 inside Lipscomb County looks affordable on the surface — median value of $87K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $87K asset, 79034 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 79034 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 79034 includes headwinds that any investor should price in. Income distribution skews lower than Follett averages, and tenant stability requires active management.
Strategically, 79034 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 Follett:
Market Trends
Home Value History (with trend line)
📊 How Does 79034 Compare?
| Metric | 79034 | Follett | Texas |
|---|---|---|---|
| Home Value | $87,462 | $87,462 | $297,000 |
| 5-Year CAGR | N/A | N/A | 5.4% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 7.8% | 7.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 79034 (Follett, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $87,462 |
| Monthly Rent | $873 |
| Price-to-Rent | 8.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 12.0% |
| Cap Rate | 7.8% |
| 5-Year IRR | N/A |
📈 Home Appreciation
| 1-Year | -16.9% ▼ |
| 3-Year CAGR | -15.7% ▼ |
| 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 estimated cap rate (7.8%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 79034
Population: 468
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 79034
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
Are rents high in Follett, TX?
The typical rental in Follett, TX commands about $873/mo monthly. That rent profile consistent cash flow against the $87K purchase basis.
How strict are landlord regulations in Follett, TX?
TX ranks as a landlord-friendly state for landlord-tenant law. Follett generally follows the statewide framework, so landlords face reasonable operating rules.
How high is vacancy risk in Follett, TX?
Follett, TX vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Are tenants stable in Follett, TX?
The renter base in Follett, TX is reasonable for the $873/mo price point. Screening well and pricing to market typically yields stable tenants.
How does Follett, TX stack up for property investment?
Follett, TX rates 3.0/5 for investability. With median values at $87K and rents near $873/mo, the market offers reasonable fundamentals for rental investors.
You know 79034 now. You don’t know where it ranks.
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