Real Estate Investing in Idalou, Texas (79329)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79329 (Idalou, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.9% 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 Idalou, TX (79329)?
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Market Analysis: 79329 Idalou
Investors eyeing 79329 need to respect the fundamentals at play. Home values of $261K come alongside slower price movement and elevated management overhead.
Rent of $972/mo on a $261K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 79329 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 79329 among TX's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Turning to rents, 3,549 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.
The right play in 79329 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Idalou:
Property Strategy for 79329
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $101,562 | $1,080 | 7.7% | — | $50,781 |
| 3BR | $225,807 | $1,500 | 4.8% | +4.9% | $75,269 |
| 4BR | $457,097 | $1,760 | 2.8% | +5.5% | $114,274 |
Market Trends
Home Value History (with trend line)
📊 How Does 79329 Compare?
| Metric | 79329 | Idalou | Lubbock, TX | Texas |
|---|---|---|---|---|
| Home Value | $260,636 | $260,636 | N/A | $297,000 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 5.4% |
| Avg Rent | $972 | $972 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 79329 (Idalou, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $260,636 |
| Monthly Rent | $972 |
| Price-to-Rent | 22.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +12.2% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (2.9%). 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 79329
Population: 3,549
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 79329
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,467 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the renter demographic in Idalou, TX?
Tenant quality in Idalou, TX ranks as solid. Landlords generally report measured occupancy at market rents of $972/mo.
Are landlord laws favorable in Idalou, TX?
Rental owners in Idalou, TX deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Where do home prices stand in Idalou, TX?
Idalou, TX home values average about $261K. That price point suits investors targeting rentals with $972/mo in monthly income.
Are rents high in Idalou, TX?
Idalou, TX rentals go for roughly $972/mo a month. That puts gross yield in solid territory relative to $261K acquisition costs.
How does Idalou, TX rate as a rental market?
Idalou, TX scores 3.0/5 for investability. Home values sit at $261K and rents near $972/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 79329 now. You don’t know where it ranks.
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How 79329 ranks in Lubbock, TX
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