Real Estate Investing in Plains, Texas (79355)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79355 (Plains, TX)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 16.8% of homes vacant — above national norms.
- Declining values: -2.0% 5-year CAGR — values have moved lower.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Plains, TX (79355)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 79355 Plains
The 79355 ZIP in Plains, TX is a local-operator market. Outside capital chasing a $186K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 79355 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Plains have seen price recovery that 79355 has not matched. Yoakum County data supports the view that the spread is structural rather than temporary.
Demographically, 79355 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Plains's stable or hybrid ZIPs before stepping into 79355. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Plains:
Market Trends
Home Value History (with trend line)
📊 How Does 79355 Compare?
| Metric | 79355 | Plains | Texas |
|---|---|---|---|
| Home Value | $186,049 | $186,049 | $297,000 |
| 5-Year CAGR | N/A | N/A | 5.4% |
| Avg Rent | $945 | $945 | - |
| Cap Rate | 4.0% | 4.0% | - |
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 79355 (Plains, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 79355 (Plains, TX)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $186,049 |
| Monthly Rent | $945 |
| Price-to-Rent | 16.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 2.0% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | -1.2% ▼ |
| 5-Year CAGR | -2.0% ▼ |
| 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%) exceeds the estimated cap rate (4.0%). 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 79355
Population: 1,642
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 79355
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 is the median home value in Plains, TX?
Expect median prices around $186K in Plains, TX. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
How strong is the working-renter base in Plains, TX?
The renter base in Plains, TX is reasonable for the $945/mo price point. Screening well and pricing to market typically yields stable tenants.
Is Plains, TX a smart market for rental property?
The 2.0/5 investability rating in Plains, TX reflects its $186K prices and $945/mo rents. Investors generally consider it a solid option within TX.
What are rental rates like in Plains, TX?
Rental rates in Plains, TX average $945/mo. Tenant demand and $186K home values make the yield look reasonable by investor standards.
Is house hacking profitable in Plains, TX?
House hacking in Plains, TX is reasonable to execute. Prices around $186K and rents of $945/mo solid owner-occupant economics.
You know 79355 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 79355 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 79355 (Plains)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 79355 (Plains, TX).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.