Real Estate Investing in Shallowater, Texas (79363)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79363 (Shallowater, 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.
- Elevated vacancy: 8.9% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Shallowater, TX (79363)?
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Market Analysis: 79363 Shallowater
The 79363 ZIP covers a section of Shallowater that demands careful diligence. Prices near $297K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 79363 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 79363 among TX's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 79363 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. robust returns are possible in 79363, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Shallowater:
Property Strategy for 79363
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $127,263 | $1,160 | 6.6% | — | $63,631 |
| 3BR | $250,220 | $1,610 | 4.6% | +4.5% | $83,407 |
| 4BR | $435,912 | $1,920 | 3.2% | +5.8% | $108,978 |
Market Trends
Home Value History (with trend line)
📊 How Does 79363 Compare?
| Metric | 79363 | Shallowater | Lubbock, TX | Texas |
|---|---|---|---|---|
| Home Value | $297,331 | $297,331 | N/A | $297,000 |
| 5-Year CAGR | 3.1% | 3.1% | N/A | 5.4% |
| Avg Rent | $1,044 | $1,044 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
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 79363 (Shallowater, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $297,331 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 23.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +3.1% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (2.7%). 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 79363
Population: 5,831
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 79363
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
How expensive is real estate in Shallowater, TX?
Median home price in Shallowater, TX is near $297K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
Are renters plentiful in Shallowater, TX?
Working renters make up the core of the Shallowater, TX tenant base. The pool is reasonable for investors targeting long-term holds.
Are eviction rules reasonable in Shallowater, TX?
For rental operators, Shallowater, TX rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is Shallowater, TX good for house hacking?
House hacking in Shallowater, TX is a challenging. With home values around $297K and rents at $1,044/mo, owner-occupants can offset a meaningful share of PITI.
Do rentals sit vacant long in Shallowater, TX?
Expect elevated vacancy in Shallowater, TX. Rents at $1,044/mo are absorbed by the tenant base without meaningful lag.
You know 79363 now. You don’t know where it ranks.
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How 79363 ranks in Lubbock, TX
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