Real Estate Investing in Muleshoe, Texas (79347)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79347 (Muleshoe, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 20.8% 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 Muleshoe, TX (79347)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 79347 Muleshoe
The 79347 ZIP in Muleshoe, TX is a local-operator market. Outside capital chasing a $138K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 79347 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 79347 and stronger Muleshoe ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 79347 includes headwinds that any investor should price in. Income distribution skews lower than Muleshoe averages, and tenant stability requires active management.
Strategy in 79347 is an operator game, not a passive one. On the rental side, entry prices of $138K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Muleshoe:
Market Trends
Home Value History (with trend line)
📊 How Does 79347 Compare?
| Metric | 79347 | Muleshoe | Texas |
|---|---|---|---|
| Home Value | $138,172 | $138,172 | $297,000 |
| 5-Year CAGR | 2.3% | 2.3% | 5.4% |
| Avg Rent | $891 | $891 | - |
| Cap Rate | 5.0% | 5.0% | - |
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 79347 (Muleshoe, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 79347 (Muleshoe, TX)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $138,172 |
| Monthly Rent | $891 |
| Price-to-Rent | 12.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.7% |
| Cap Rate | 5.0% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +0.8% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +2.3% ▲ |
| 10-Year CAGR | +3.6% ▲ |
🏠 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 (5.0%). 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 79347
Population: 7,264
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 79347
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
Is Muleshoe, TX a good place for real estate investing?
Yes - Muleshoe, TX a 3.0/5 investability score. With $138K home prices against $891/mo monthly rent, the market delivers a reasonable entry point for new investors.
What monthly rent should investors expect in Muleshoe, TX?
Average rent in Muleshoe, TX is approximately $891/mo per month. Against $138K home values that yields a reasonable rent-to-price ratio.
Are renters plentiful in Muleshoe, TX?
Muleshoe, TX draws a predictable base of working renters. Demand at the $891/mo rent level is reasonable for standard single-family and small multi rentals.
How much should I expect to pay for a home in Muleshoe, TX?
Expect median prices around $138K in Muleshoe, TX. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
Which investment style suits Muleshoe, TX?
Investors usually favor careful cash-flow rentals with hands-on management in Muleshoe, TX. With home values at $138K and rents near $891/mo, other strategies can work but produce steady rather than outsized returns.
You know 79347 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 79347 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
AI Market Advisor
Ask questions about investing in 79347 (Muleshoe)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 79347 (Muleshoe, TX).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.