State · TX

Texas

Data as of November 2024· Sources: Zillow ZHVI/ZORI, Census ACS

Strategy

Median home value

$302k

+1.8%

Zillow ZHVI

Median rent

$1,750/mo

+3.5%

Zillow ZORI

Gross yield

6.95%

Rent × 12 / value

Rent/price ratio

0.000%

1% rule benchmark

Median household income

$76,292

Census ACS

Owner-occupied

62.4%

Census ACS

Renter-occupied

37.6%

Census ACS

Population

Census ACS

What this means for LTR investors

Gross yield of 6.95% is below the 7% LTR sweet spot; you'd lean on appreciation here.

Rent grew 3.5% YoY while values moved 1.8%. That gap drives whether yield compresses or expands over time.

Renter share is 38% - a deep renter pool means lower vacancy risk in Texas.

Median income of $76,292 sets the affordability ceiling on rent growth.