Real Estate Investing in Buffalo Gap, Texas (79508)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79508 (Buffalo Gap, 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.
- High vacancy: 15.9% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Buffalo Gap, TX (79508)?
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Market Analysis: 79508 Buffalo Gap
The 79508 ZIP in Buffalo Gap, TX is a local-operator market. Outside capital chasing a $264K entry has to pair deep knowledge with the discount.
Meanwhile, the numbers look inviting — $264K purchase price, 0.0% nominal cap — the work to hit that pro forma in 79508 is substantial and deserves full respect.
Within TX, ZIP 79508 trails on several market indicators that neighboring Taylor County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Who lives in 79508 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 79508 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Buffalo Gap:
Market Trends
Home Value History (with trend line)
📊 How Does 79508 Compare?
| Metric | 79508 | Buffalo Gap | Abilene, TX | Texas |
|---|---|---|---|---|
| Home Value | $264,373 | $264,373 | N/A | $297,000 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 5.4% |
| Avg Rent | $1,116 | $1,116 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 79508 (Buffalo Gap, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $264,373 |
| Monthly Rent | $1,116 |
| Price-to-Rent | 19.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +12.3% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (3.3%). 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 79508
Population: 982
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 79508
Schools in This ZIP Code
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
JIM NED H S
JIM NED MIDDLE
JIM NED INT
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
What kind of market is Buffalo Gap, TX for investors?
Our data puts Buffalo Gap, TX at 3.0/5 for investability. Home prices of $264K and rents around $1,116/mo create a solid backdrop for investor activity.
How much does a house cost in Buffalo Gap, TX?
In Buffalo Gap, TX the median home value sits at $264K. Against the broader TX market, that reads as reasonable for most investors.
What are vacancy rates like in Buffalo Gap, TX?
Buffalo Gap, TX sees elevated vacancy, which is reasonable relative to the broader TX rental market.
Is rental property easy to operate in Buffalo Gap, TX?
The landlord environment in Buffalo Gap, TX is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How strong are rents in Buffalo Gap, TX?
Investors in Buffalo Gap, TX typically see rents near $1,116/mo per month against $264K home values - a solid setup for rental cash flow.
You know 79508 now. You don’t know where it ranks.
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How 79508 ranks in Abilene, TX
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