Real Estate Investing in Big Spring, Texas (79720)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79720 (Big Spring, TX)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 13.9% of homes vacant — above national norms.
- Declining values: -2.8% 5-year CAGR — values have moved lower.
What’s happening in Big Spring, TX (79720)?
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Market Analysis: 79720 Big Spring
This part of Howard County is not an easy win. The 79720 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
On balance, the numbers look inviting — $147K purchase price, 0.0% nominal cap — the work to hit that pro forma in 79720 is substantial and deserves full respect.
In the broader TX picture, 79720 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 79720 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Big Spring's stable or hybrid ZIPs before stepping into 79720. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Big Spring:
Property Strategy for 79720
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $100,687 | $1,690 | 12.1% | -1.4% | $50,344 |
| 3BR | $193,151 | $2,120 | 7.9% | +1.1% | $64,384 |
| 4BR | $269,614 | $2,730 | 7.3% | +2.1% | $67,403 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 79720 Compare?
| Metric | 79720 | Big Spring | Big Spring, TX | Texas |
|---|---|---|---|---|
| Home Value | $146,762 | $73,381 | N/A | $297,000 |
| 5-Year CAGR | N/A | N/A | N/A | 5.4% |
| Avg Rent | $1,233 | $1,233 | N/A | - |
| Cap Rate | 6.6% | 6.6% | - | - |
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 79720 (Big Spring, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $146,762 |
| Monthly Rent | $1,233 |
| Price-to-Rent | 9.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.1% |
| Cap Rate | 6.6% |
| 5-Year IRR | 3.7% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | -1.3% ▼ |
| 5-Year CAGR | -2.8% ▼ |
| 10-Year CAGR | +0.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.6%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 79720
Population: 30,432
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 79720
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
BIG SPRING J H
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 1,745 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do home values compare in Big Spring, TX?
Homes in Big Spring, TX typically sell near $147K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
How strong is tenant demand in Big Spring, TX?
Working renters make up the core of the Big Spring, TX tenant base. The pool is reasonable for investors targeting long-term holds.
Is Big Spring, TX a friendly market for rental owners?
For rental operators, Big Spring, TX rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Where do rents currently stand in Big Spring, TX?
Investors in Big Spring, TX typically see rents near $1,233/mo per month against $147K home values - a solid setup for rental cash flow.
Is Big Spring in TX worth investing in?
Investors tracking Big Spring, TX will find a 3.0/5 rating supported by $147K median home values and $1,233/mo rents. That profile suits long-term holders targeting consistent returns.
You know 79720 now. You don’t know where it ranks.
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