State rental market analysis · TX
Texas rental markets
157 tracked cities over 20,000 population, 143 ranked and summarized by their median Overall. Every number traces to Census, Zillow and BLS. All states ranked →
Browse every Texas ZIP Code area → · the full server-rendered index for this state.
Part of the West South Central Census division (South region).
The honest read
Texas ranks #27 of 51 states for rental investing, with a median Overall of 47.3/100 across its ranked cities, above the national median. 143 ranked cities roll up into this grade.
A state grade is the median of its ranked cities, a screen for where to look, not underwriting. Open any city below for its full shown-math breakdown, or run a specific deal through the cap rate and cash-flow calculators.
Where it ranks, factor by factor
Every value is the median across the 143 ranked cities in this state. The national rank compares all 51 states on that one factor; the engine already flips inverted factors (affordability, low unemployment) so a better rank always means a better market. Each factor sits in one of the model’s three categories (Cash Flow, Growth, or Stability); this is a representative summary, and the full thirteen-factor breakdown is on each city’s page. Full methodology.
| Factor | Category | State value | National rank |
|---|---|---|---|
| Gross rent yield | Cash Flow | 6.4% | not measured |
| Rent growth | Growth | 2.0% | not measured |
| Home value growth | Growth | 1.9% | not measured |
| Population growth | Growth | 1.4% | not measured |
| Job growth | Growth | 2.1% | not measured |
| Price-to-income | Cash Flow | 4.1× | not measured |
| Unemployment | Stability | 4.0% | not measured |
| Rental demand | Stability | 45% renters · 734.8% vacancy | not measured |
| Income growth | Growth | 5.1% | not measured |
Every city in Texas, ranked
Led by Abilene at 74/100. Click any column to re-sort; every city links to its full shown-math breakdown.
| TX rank | City | Grade | Cash Flow | Growth | Stability | Typical home value | Gross yield | National rank |
|---|---|---|---|---|---|---|---|---|
| 1 | Abilene | 74 | A | B | B | $222,710 | 10.9% | #25 |
| 2 | Hutto | 70 | B | A | C | $335,073 | 6.3% | #54 |
| 3 | Denison | 69 | A | B | C | $225,218 | 7.7% | #67 |
| 4 | Little Elm | 66 | A | B | C | $400,423 | 6.9% | #122 |
| 5 | Cibolo | 66 | B | B | C | $336,323 | 6.1% | #131 |
| 6 | Midlothian | 66 | B | B | C | $456,509 | 5.4% | #137 |
| 7 | Converse | 64 | A | B | C | $243,003 | 8.5% | #170 |
| 8 | Seguin | 64 | B | B | C | $274,107 | 6.6% | #182 |
| 9 | Waxahachie | 62 | C | B | C | $371,652 | 5.6% | #224 |
| 10 | Watauga | 62 | A | C | C | $276,575 | 8.8% | #231 |
| 11 | Kyle | 62 | B | B | C | $299,223 | 6.3% | #247 |
| 12 | Texas City | 62 | A | B | D | $230,169 | 7.2% | #251 |
| 13 | Socorro | 62 | A | B | D | $209,849 | 8.9% | #252 |
| 14 | La Porte | 60 | A | C | C | $257,347 | 7.7% | #311 |
| 15 | Waco | 60 | A | B | D | $197,359 | 8.3% | #314 |
| 16 | Copperas Cove | 60 | B | B | C | $227,504 | 6.5% | #323 |
| 17 | Pflugerville | 59 | B | B | C | $373,188 | 5.4% | #332 |
| 18 | Saginaw | 59 | A | B | D | $299,959 | 7.8% | #336 |
| 19 | Rosenberg | 59 | B | B | D | $316,001 | 7.3% | #355 |
| 20 | Cleburne | 58 | B | B | D | $271,415 | 6.2% | #363 |
| 21 | Corsicana | 58 | A | C | C | $180,790 | 8.5% | #367 |
| 22 | Fate | 58 | A | B | D | $359,854 | 6.7% | #384 |
| 23 | Harker Heights | 58 | B | B | D | $300,567 | 6.3% | #390 |
| 24 | Brownsville | 58 | A | B | D | $196,626 | 9.6% | #393 |
| 25 | San Juan | 56 | A | B | D | $180,294 | 8.4% | #438 |
| 26 | Missouri City | 56 | A | B | D | $336,838 | 7.6% | #463 |
| 27 | Sherman | 56 | B | B | D | $255,418 | 6.1% | #477 |
| 28 | Belton | 55 | B | B | C | $315,954 | 6.5% | #504 |
| 29 | The Colony | 55 | C | B | C | $404,746 | 5.6% | #513 |
| 30 | Leander | 55 | B | A | D | $427,012 | 5.4% | #521 |
| 31 | Princeton | 54 | A | A | F | $288,891 | 8.1% | #552 |
| 32 | Greenville | 54 | B | A | D | $243,421 | 7.4% | #559 |
| 33 | Burleson | 54 | B | B | D | $340,014 | 6.3% | #574 |
| 34 | Round Rock | 54 | C | B | C | $405,249 | 5.1% | #582 |
| 35 | Rockwall | 53 | D | B | C | $480,713 | 4.4% | #604 |
| 36 | Temple | 53 | B | B | D | $248,213 | 6.8% | #610 |
| 37 | New Braunfels | 53 | C | B | D | $351,190 | 5.4% | #617 |
| 38 | Georgetown | 53 | C | B | C | $427,174 | 4.7% | #628 |
| 39 | Cedar Hill | 53 | B | C | D | $315,424 | 6.9% | #641 |
| 40 | Lubbock | 52 | A | C | D | $212,191 | 7.8% | #647 |
| 41 | Midland | 52 | B | C | D | $332,692 | 5.9% | #657 |
| 42 | Ennis | 52 | B | B | D | $264,703 | 7.4% | #676 |
| 43 | Kerrville | 51 | C | C | C | $354,872 | 6.5% | #678 |
| 44 | Lewisville | 51 | D | B | C | $392,721 | 4.8% | #694 |
| 45 | Amarillo | 51 | B | C | D | $212,025 | 7.2% | #700 |
| 46 | San Marcos | 51 | D | B | C | $310,480 | 5.4% | #704 |
| 47 | Wylie | 51 | C | B | D | $420,077 | 5.4% | #720 |
| 48 | Pharr | 51 | A | C | D | $163,130 | 8.4% | #729 |
| 49 | Southlake | 50 | C | C | C | $1,321,458 | 5.5% | #738 |
| 50 | Murphy | 50 | B | C | D | $573,140 | 6.3% | #744 |
| 51 | Conroe | 50 | C | B | D | $315,986 | 6.0% | #749 |
| 52 | Port Arthur | 50 | A | D | D | $125,021 | 12.2% | #770 |
| 53 | Schertz | 50 | A | B | D | $315,578 | 7.4% | #772 |
| 54 med | Colleyville | 50 | C | C | C | $919,474 | 5.3% | #775 |
| 55 | Dickinson | 50 | B | C | D | $270,294 | 7.0% | #779 |
| 56 | League City | 50 | B | C | D | $378,258 | 5.7% | #786 |
| 57 | North Richland Hills | 50 | C | B | C | $370,431 | 5.0% | #790 |
| 58 | DeSoto | 49 | B | C | D | $324,582 | 7.4% | #801 |
| 59 | San Angelo | 49 | A | C | D | $214,811 | 7.4% | #808 |
| 60 | Harlingen | 49 | B | B | D | $200,595 | 6.7% | #811 |
| 61 | Huntsville | 49 | C | B | D | $262,042 | 6.2% | #815 |
| 62 med | San Benito | 49 | A | C | D | $163,975 | 12.5% | #826 |
| 63 | Forney | 49 | A | B | F | $309,592 | 7.6% | #840 |
| 64 | Cedar Park | 48 | D | B | C | $470,231 | 4.4% | #856 |
| 65 | Keller | 48 | D | B | C | $654,648 | 3.8% | #861 |
| 66 | Friendswood | 48 | B | C | D | $464,253 | 6.0% | #864 |
| 67 | Del Rio | 48 | A | D | C | $208,595 | 8.0% | #870 |
| 68 | Killeen | 48 | B | B | D | $220,448 | 6.8% | #890 |
| 69 | Grand Prairie | 48 | C | C | D | $317,295 | 6.1% | #894 |
| 70 | Odessa | 47 | A | D | D | $253,740 | 7.4% | #899 |
| 71 | Haltom City | 47 | B | C | D | $244,636 | 6.8% | #902 |
| 72 | Fulshear | 47 | C | B | D | $504,786 | 5.1% | #905 |
| 73 | Bryan | 47 | C | B | D | $276,528 | 6.3% | #907 |
| 74 | Euless | 47 | C | C | D | $357,356 | 5.3% | #919 |
| 75 | Flower Mound | 47 | C | B | D | $610,100 | 4.8% | #928 |
| 76 | Mansfield | 47 | C | B | D | $447,157 | 4.7% | #930 |
| 77 | Paris | 47 | A | C | D | $173,974 | 8.3% | #933 |
| 78 | Denton | 46 | C | B | D | $350,224 | 5.3% | #972 |
| 79 | Carrollton | 46 | C | B | D | $405,531 | 4.9% | #984 |
| 80 | Lancaster | 46 | A | C | D | $273,149 | 9.9% | #994 |
| 81 | Fort Worth | 46 | B | B | F | $298,353 | 6.5% | #1011 |
| 82 | Eagle Pass | 45 | B | D | D | $222,003 | 6.5% | #1015 |
| 83 | El Paso | 45 | B | C | D | $237,796 | 7.7% | #1029 |
| 84 | Balch Springs | 45 | A | C | F | $224,320 | 9.2% | #1031 |
| 85 | McKinney | 45 | D | B | D | $480,265 | 4.5% | #1056 |
| 86 | Allen | 44 | D | B | D | $493,450 | 4.1% | #1069 |
| 87 | Garland | 44 | C | C | D | $287,246 | 6.3% | #1070 |
| 88 | Celina | 44 | C | B | D | $522,657 | 4.6% | #1076 |
| 89 | Anna | 44 | B | B | F | $345,078 | 6.5% | #1095 |
| 90 | Prosper | 43 | D | B | D | $770,217 | 3.1% | #1143 |
| 91 | Corinth | 43 | C | B | D | $412,999 | 5.3% | #1160 |
| 92 | Sachse | 43 | C | B | D | $433,539 | 4.7% | #1165 |
| 93 | Weslaco | 42 | A | B | F | $176,825 | 7.4% | #1171 |
| 94 | Lake Jackson | 42 | B | C | D | $273,775 | 6.4% | #1175 |
| 95 | Tyler | 42 | C | B | F | $253,272 | 6.4% | #1192 |
| 96 | Katy | 42 | B | B | F | $337,000 | 7.1% | #1199 |
| 97 | Mission | 42 | A | B | F | $218,831 | 7.5% | #1208 |
| 98 | San Antonio | 42 | B | C | F | $249,689 | 6.7% | #1213 |
| 99 | Arlington | 42 | C | C | D | $312,255 | 5.9% | #1215 |
| 100 | Frisco | 41 | D | B | D | $649,173 | 3.4% | #1217 |
| 101 | Horizon City | 41 | A | B | F | $223,740 | 9.3% | #1220 |
| 102 | Rowlett | 41 | C | C | D | $370,262 | 5.1% | #1222 |
| 103 | Sugar Land | 41 | C | D | D | $449,277 | 5.5% | #1242 |
| 104 | Hurst | 41 | D | C | C | $339,279 | 5.2% | #1248 |
| 105 | Edinburg | 40 | C | B | F | $216,017 | 5.6% | #1255 |
| 106 | Marshall | 40 | A | D | D | $166,238 | 9.1% | #1265 |
| 107 | McAllen | 40 | B | B | F | $228,710 | 6.7% | #1266 |
| 108 | Longview | 40 | B | D | D | $234,128 | 6.0% | #1276 |
| 109 | Irving | 40 | C | C | D | $343,364 | 5.6% | #1277 |
| 110 | Laredo | 40 | B | C | F | $223,127 | 7.0% | #1289 |
| 111 | Portland | 39 | B | C | F | $271,705 | 7.1% | #1312 |
| 112 | Baytown | 39 | B | C | F | $246,742 | 7.6% | #1316 |
| 113 | Weatherford | 39 | D | B | D | $397,734 | 4.6% | #1319 |
| 114 | Houston | 39 | B | C | F | $263,563 | 7.1% | #1321 |
| 115 | Grapevine | 39 | D | C | C | $554,188 | 3.8% | #1323 |
| 116 | Bedford | 39 | D | D | C | $376,909 | 4.4% | #1324 |
| 117 | Mesquite | 39 | B | C | F | $261,109 | 6.6% | #1325 |
| 118 | Wichita Falls | 39 | A | D | F | $176,679 | 9.0% | #1331 |
| 119 | Pasadena | 38 | A | D | D | $218,827 | 7.7% | #1343 |
| 120 | Austin | 38 | D | B | C | $504,148 | 3.8% | #1354 |
| 121 | Pearland | 38 | C | C | F | $383,980 | 5.9% | #1369 |
| 122 | Plano | 37 | D | C | D | $499,723 | 4.1% | #1397 |
| 123 | Deer Park | 37 | B | D | F | $281,493 | 7.2% | #1429 |
| 124 | Richardson | 36 | D | C | D | $445,040 | 4.5% | #1474 |
| 125 | Dallas | 36 | C | C | F | $309,590 | 6.2% | #1475 |
| 126 | Duncanville | 35 | B | D | F | $278,035 | 6.5% | #1488 |
| 127 | Benbrook | 35 | D | C | F | $319,457 | 5.2% | #1495 |
| 128 | Farmers Branch | 35 | D | C | F | $384,262 | 5.1% | #1497 |
| 129 | Alvin | 34 | C | B | F | $293,684 | 6.6% | #1521 |
| 130 | Coppell | 34 | D | D | C | $621,362 | 3.9% | #1523 |
| 131 | Big Spring | 34 | A | F | D | $147,462 | 10.0% | #1528 |
| 132 | College Station | 34 | D | B | D | $349,346 | 4.9% | #1544 |
| 133 | Kingsville | 34 | A | F | D | $144,540 | 12.2% | #1548 |
| 134 | Beaumont | 33 | A | F | D | $174,566 | 8.8% | #1573 |
| 135 med | Alamo | 31 | B | B | F | $173,228 | 6.5% | #1625 |
| 136 | Texarkana | 30 | B | F | D | $206,981 | 7.8% | #1641 |
| 137 | Corpus Christi | 30 | B | F | F | $224,996 | 7.6% | #1647 |
| 138 | Victoria | 30 | B | D | F | $217,633 | 6.6% | #1663 |
| 139 | Stephenville | 29 | F | C | D | $324,964 | 3.3% | #1682 |
| 140 | Nacogdoches | 28 | C | F | D | $224,292 | 5.9% | #1695 |
| 141 | Galveston | 28 | D | C | F | $320,772 | 5.1% | #1701 |
| 142 | Lufkin | 27 | A | F | F | $200,713 | 8.1% | #1705 |
| 143 | University Park | 17 | F | C | D | $2,499,000 | 2.5% | #1831 |
Data as of: Zillow ZHVI/ZORI through the latest monthly release · Census ACS 5-yr 2019–2023 · Census PEP July 2024 · BLS LAUS county 2023 annual. Generated 2026-09-01. Methodology & limitations · underwrite any specific deal with the free calculators.
Limited-data cities in Texas
These 14 cities lack enough measured factors to rank, so they are excluded from the state grade; their pages show exactly what could be measured.
ZIP markets in Texas
1,989 Census ZIP Codes (ZCTAs) in Texas · 1,236 data-eligible for subscores. These are sub-city government areas ranked separately from the Texas city table. The overall Rental Investor ZIP Score leaderboard leads; the two component subscores (affordability, rental-market context) follow as independent percentiles. ZIP ranks are shown within the ZIP universe only, never mixed with, and not directly comparable to, city ranks. Vintage: the Key metric column is Census ACS 2020–2024 (5-year), a newer release than the ACS 2019–2023 figures the city table above uses; the same measure can legitimately disagree between the two.
Best overall ZIP Codes in Texas
Ranked by the overall Rental Investor ZIP Score. The # is each ZIP Code's canonical TX state rank; the smaller figure is its national rank. Separate from the Texas city table and not directly comparable to it.
| TX rank | ZIP Code | Overallgrade · national | Key metric |
|---|---|---|---|
| #1 | 77373Spring | A 76#44 nat | 8.8%Survey yield |
| #2 | 75165Waxahachie | A 75#53 nat | 5.5%Survey yield |
| #3 | 75068Little Elm | A 75#74 nat | 6.7%Survey yield |
| #4 | 75057Lewisville | A 75#78 nat | 8.7%Survey yield |
| #5 | 78634Hutto | A 74#86 nat | 6.5%Survey yield |
| #6 | 77357Roman Forest | A 74#95 nat | 6.7%Survey yield |
| #7 | 78664Round Rock | A 74#135 nat | 5.7%Survey yield |
| #8 | 75067Lewisville | A 74#148 nat | 5.5%Survey yield |
| #8 | 78602Camp Swift | A 74#148 nat | 5.2%Survey yield |
| #10 | 78130New Braunfels | A 73#155 nat | 6.2%Survey yield |
| #11 | 75407Princeton | A 73#166 nat | 7.8%Survey yield |
| #12 | 77380The Woodlands | A 73#182 nat | 5.5%Survey yield |
Top affordability ZIP Codes in Texas
State-scoped leaders on the affordability subscore only (national rank shown is within that subscore’s data-eligible universe). Substantially an inverse housing-cost signal: a component of the overall score, not a predicted return.
| # | ZIP Code | Affordability | Key metric |
|---|---|---|---|
| 1 | 75778Callender Lake | 90#332 nat | 8.8%Survey yield |
| 2 | 77865Marquez | 89#408 nat | 13.2%Survey yield |
| 3 | 79043Hart | 88#512 nat | 20.7%Survey yield |
| 4 | 79756Southwest Sandhill | 84#814 nat | 8.5%Survey yield |
| 5 | 75972San Augustine | 83#874 nat | 8.2%Survey yield |
| 6 | 77306Grangerland | 83#903 nat | 7.8%Survey yield |
| 7 | 75833Centerville | 82#1,064 nat | 6.4%Survey yield |
| 8 | 75657Jefferson | 81#1,176 nat | 9.7%Survey yield |
| 9 | 79547Rule | 81#1,256 nat | 14.4%Survey yield |
| 10 | 75630Avinger | 79#1,406 nat | 6.6%Survey yield |
| 11 | 75961Nacogdoches | 79#1,413 nat | 8.3%Survey yield |
| 12 | 79371Sudan | 79#1,413 nat | 8.2%Survey yield |
Deepest rental-market ZIP Codes in Texas
State-scoped leaders on the rental-market-context subscore only (national rank shown is within that subscore’s data-eligible universe). Rental depth/tightness: a separate component, never combined here with affordability.
| # | ZIP Code | Rental market | Key metric |
|---|---|---|---|
| 1 | 78751Austin | 85#7 nat | 2.4%Survey yield |
| 2 | 78208San Antonio | 84#37 nat | 7.8%Survey yield |
| 3 | 75210Dallas | 82#109 nat | 10.1%Survey yield |
| 4 | 77050Houston | 81#144 nat | 13.2%Survey yield |
| 5 | 78701Austin | 81#174 nat | 4.6%Survey yield |
| 6 | 76711Waco | 80#213 nat | 10.9%Survey yield |
| 7 | 79414Lubbock | 80#253 nat | 8.8%Survey yield |
| 8 | 78361Hebbronville | 78#407 nat | 7.6%Survey yield |
| 9 | 75101Bardwell | 78#445 nat | 11.6%Survey yield |
| 10 | 78731Austin | 78#456 nat | 2.3%Survey yield |
| 11 | 78387Morgan Farm | 78#491 nat | 6.9%Survey yield |
| 12 | 78148Universal City | 77#529 nat | 6.1%Survey yield |