Real Estate Investing in Lockney, Texas (79241)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79241 (Lockney, 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: 23.0% of homes vacant — above national norms.
- 1-year downturn: Values declined 7.5% 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 Lockney, TX (79241)?
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Market Analysis: 79241 Lockney
ZIP 79241 in Lockney, TX carries a durable set of headwinds. Home values near $103K and rents of $936/mo sit inside a market where underwriting has to be tight.
The 79241 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader TX picture, 79241 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 79241 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. healthy returns are possible in 79241, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Lockney:
Market Trends
Home Value History (with trend line)
📊 How Does 79241 Compare?
| Metric | 79241 | Lockney | Texas |
|---|---|---|---|
| Home Value | $102,719 | $102,719 | $297,000 |
| 5-Year CAGR | N/A | N/A | 5.4% |
| Avg Rent | $936 | $936 | - |
| Cap Rate | 7.1% | 7.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 79241 (Lockney, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $102,719 |
| Monthly Rent | $936 |
| Price-to-Rent | 9.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.9% |
| Cap Rate | 7.1% |
| 5-Year IRR | N/A |
📈 Home Appreciation
| 1-Year | -7.5% ▼ |
| 3-Year CAGR | -9.0% ▼ |
| 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%) is close to the estimated cap rate (7.1%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 79241
Population: 2,088
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 79241
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 monthly rent should investors expect in Lockney, TX?
Expect rents around $936/mo per month in Lockney, TX. With home values at $103K, the yield math works out to reasonable levels for rental investors.
Is Lockney, TX good for landlords?
Landlord-friendliness in Lockney, TX is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How does Lockney, TX stack up for property investment?
Lockney, TX scores 3.0/5 for investability. Home values sit at $103K and rents near $936/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What approach is best for Lockney, TX real estate?
In Lockney, TX the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $103K prices and $936/mo rents suits that approach.
Can I live-in-and-rent in Lockney, TX?
House hacking in Lockney, TX is reasonable to execute. Prices around $103K and rents of $936/mo solid owner-occupant economics.
You know 79241 now. You don’t know where it ranks.
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