Real Estate Investing in Lockhart, Texas (78644)
Should you buy in 78644 (Lockhart, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 9.6% vacancy may signal weakening demand.
What’s happening in Lockhart, TX (78644)?
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Market Analysis: 78644 Lockhart
ZIP 78644 inside Caldwell County looks affordable on the surface — median value of $287K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 78644 can be a worth a close look for hunting ground — but the discount at $287K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 78644 among TX's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Meanwhile, 20,599 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
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 Lockhart:
Property Strategy for 78644
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $203,829 | $1,490 | 5.3% | +4.8% | $203,829 |
| 2BR | $211,134 | $1,760 | 6.0% | +6.2% | $105,567 |
| 3BR | $272,993 | $2,240 | 5.9% | +5.5% | $90,998 |
| 4BR | $309,667 | $2,600 | 6.0% | +4.8% | $77,417 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 78644 Compare?
| Metric | 78644 | Lockhart | Austin-Round Rock-Georgetown, TX | Texas |
|---|---|---|---|---|
| Home Value | $286,928 | $286,928 | N/A | $297,000 |
| 5-Year CAGR | 3.3% | 3.3% | N/A | 5.4% |
| Avg Rent | $1,638 | $1,638 | N/A | - |
| Cap Rate | 4.5% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 78644 (Lockhart, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $286,928 |
| Monthly Rent | $1,638 |
| Price-to-Rent | 14.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | -2.7% ▼ |
| 3-Year CAGR | -3.6% ▼ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | -9.2% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (4.5%). 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 78644
Population: 20,599
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 78644
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
Is Lockhart, TX good for landlords?
Landlord-friendliness in Lockhart, TX is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the renter demographic in Lockhart, TX?
The tenant pool in Lockhart, TX is solid, supported by local employment and population fundamentals. Rents of $1,638/mo are well-absorbed by the market.
What approach is best for Lockhart, TX real estate?
In Lockhart, TX the robust play is typically careful cash-flow rentals with hands-on management. The combination of $287K prices and $1,638/mo rents suits that approach.
Is Lockhart, TX a smart market for rental property?
Our data puts Lockhart, TX at 3.0/5 for investability. Home prices of $287K and rents around $1,638/mo create a solid backdrop for investor activity.
Is Lockhart, TX suited for a house hack?
Lockhart, TX is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $287K price point reasonable to enter.
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