Real Estate Investing in Slaton, Texas (79364)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79364 (Slaton, TX)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 11.3% vacancy may signal weakening demand.
What’s happening in Slaton, TX (79364)?
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Market Analysis: 79364 Slaton
ZIP 79364 inside Lubbock looks affordable on the surface — median value of $144K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 79364 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
On the rental side, 79364 offers a low basis, the region around Slaton has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 79364 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Slaton:
Property Strategy for 79364
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $64,488 | $1,080 | 12.1% | +2.3% | $32,244 |
| 3BR | $146,202 | $1,500 | 7.4% | +4.0% | $48,734 |
| 4BR | $334,282 | $1,760 | 3.8% | +5.3% | $83,571 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 79364 Compare?
| Metric | 79364 | Slaton | Texas |
|---|---|---|---|
| Home Value | $143,591 | $143,591 | $297,000 |
| 5-Year CAGR | 3.5% | 3.5% | 5.4% |
| Avg Rent | $945 | $945 | - |
| Cap Rate | 5.1% | 5.1% | - |
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 79364 (Slaton, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $143,591 |
| Monthly Rent | $945 |
| Price-to-Rent | 12.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.9% |
| Cap Rate | 5.1% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +12.6% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (5.1%). 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 79364
Population: 7,135
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 79364
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
Frequently Asked Questions
How strong are rents in Slaton, TX?
The typical rental in Slaton, TX commands about $945/mo monthly. That rent profile reliable cash flow against the $144K purchase basis.
How high is vacancy risk in Slaton, TX?
Slaton, TX carries elevated vacancy risk. Expect measured absorption at market rents of $945/mo.
How does Slaton, TX stack up for property investment?
Slaton, TX reports an investability rating of 3.0/5, with median home values near $144K and average rents around $945/mo. That combination puts it in the notable tier for investor interest.
How should investors approach Slaton, TX?
In Slaton, TX the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $144K prices and $945/mo rents suits that approach.
Are renters plentiful in Slaton, TX?
Working renters make up the core of the Slaton, TX tenant base. The pool is reasonable for investors targeting long-term holds.
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