Real Estate Investing in Lamesa, Texas (79331)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79331 (Lamesa, 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: 14.8% of homes vacant — above national norms.
- Declining values: -0.9% 5-year CAGR — values have moved lower.
- Elevated poverty: 21.9% 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 Lamesa, TX (79331)?
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Market Analysis: 79331 Lamesa
Within Dawson County, the 79331 ZIP posts a lower entry point around $115K. Turning to rents, operators who can improve stock here typically see outsized uplift.
Cap rate math of 0.0% understates the return here. Post-rehab, stabilized yields climb, and the 79331 ZIP's older housing stock gives operators the opportunity set to execute.
Across Lamesa, pockets like 79331 represent the last affordable rungs of a rising ladder. The state-level data shows those rungs thinning.
The worth a close look for angle on demographics here is renter willingness to pay a premium for renovated product. The 29% rental share provides scale for the strategy.
ZIP 79331 fits investors who can swing a hammer — or pay someone to swing one well. BRRRR, fix-and-flip, and fix-and-hold all work when the rehab scope is matched to the rent lift.
Here's what matters if you're considering buying a home in Lamesa:
Market Trends
Home Value History (with trend line)
📊 How Does 79331 Compare?
| Metric | 79331 | Lamesa | Lamesa, TX | Texas |
|---|---|---|---|---|
| Home Value | $115,046 | $115,046 | N/A | $297,000 |
| 5-Year CAGR | N/A | N/A | N/A | 5.4% |
| Avg Rent | $1,521 | $1,521 | N/A | - |
| Cap Rate | 10.3% | 10.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 79331 (Lamesa, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $115,046 |
| Monthly Rent | $1,521 |
| Price-to-Rent | 6.3:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 15.9% |
| Cap Rate | 10.3% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +14.8% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | -0.9% ▼ |
| 10-Year CAGR | +2.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (10.3%) 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 79331
Population: 11,751
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 79331
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
How much does a house cost in Lamesa, TX?
Lamesa, TX home values average about $115K. That price point suits investors targeting rentals with $1,521/mo in monthly income.
Can investors hit the 1% rule in Lamesa, TX?
Lamesa, TX delivers a 1.32% rent-to-price ratio on average. Investors targeting the 1% rule will find solid opportunities.
Is Lamesa, TX suited for a house hack?
Lamesa, TX offers an attractive house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,521/mo rent level.
How do BRRRR numbers look in Lamesa, TX?
Investors running BRRRR in Lamesa, TX see a strong outcomes. Deal flow and rehab execution matter more than the macro here.
How strong is Lamesa, TX for real estate investors?
Lamesa, TX reflects an investability rating of 4.0/5, with median home values near $115K and average rents around $1,521/mo. That combination puts it in the robust tier for investor interest.
You know 79331 now. You don’t know where it ranks.
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