Real Estate Investing in Floydada, Texas (79235)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79235 (Floydada, 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: 27.7% of homes vacant — above national norms.
- Declining values: -8.7% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 12.9% in the last year.
- Elevated poverty: 25.0% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Floydada, TX (79235)?
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Market Analysis: 79235 Floydada
Homes in the 79235 ZIP trade near $69K, a discount that has historically rewarded investors willing to renovate. Rent comps near $972/mo support the pro forma.
Flippers and value-add operators have treated 79235 as a working ZIP for a reason. Entry prices around $69K and a deep rental base of 37% renters underpin the exit strategy on both the sale and rent sides.
Comparing Floydada submarkets, ZIP 79235 offers an entry cost that most surrounding neighborhoods have moved past. The resilient delta is the opportunity.
The worth a close look for angle on demographics here is renter willingness to pay a premium for renovated product. The 37% rental share provides scale for the strategy.
Flippers with local expertise can do well in 79235. Out-of-state investors should partner with boots-on-the-ground operators or skip the ZIP entirely.
Here's what matters if you're considering buying a home in Floydada:
Market Trends
Home Value History (with trend line)
📊 How Does 79235 Compare?
| Metric | 79235 | Floydada | Texas |
|---|---|---|---|
| Home Value | $68,555 | $68,555 | $297,000 |
| 5-Year CAGR | N/A | N/A | 5.4% |
| Avg Rent | $972 | $972 | - |
| Cap Rate | 11.1% | 11.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 79235 (Floydada, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $68,555 |
| Monthly Rent | $972 |
| Price-to-Rent | 5.9:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 17.0% |
| Cap Rate | 11.1% |
| 5-Year IRR | 2.4% |
📈 Home Appreciation
| 1-Year | -12.9% ▼ |
| 3-Year CAGR | -10.1% ▼ |
| 5-Year CAGR | -8.7% ▼ |
| 10-Year CAGR | -4.2% ▼ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (11.1%) 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 79235
Population: 3,111
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 79235
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
Does Floydada, TX make sense for an investment property?
Yes - Floydada, TX a 4.0/5 investability score. With $69K home prices against $972/mo monthly rent, the market delivers a reasonable entry point for new investors.
How viable is house hacking in Floydada, TX?
Floydada, TX offers an attractive house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $972/mo rent level.
Which investment style suits Floydada, TX?
In Floydada, TX the notable play is typically value-add and BRRRR deals. The combination of $69K prices and $972/mo rents suits that approach.
Can you recycle capital via BRRRR in Floydada, TX?
BRRRR in Floydada, TX is a strong. The interplay of $69K values and $972/mo rents creates reasonable refinance conditions.
Are rents high in Floydada, TX?
Average rent in Floydada, TX is approximately $972/mo per month. Against $69K home values that yields a reasonable rent-to-price ratio.
You know 79235 now. You don’t know where it ranks.
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