Floyd County

Floyd County comes in at a median home price of $88,914, making it one of the more affordable entry points you'll find anywhere in Texas. The affordability index hits 100, the highest possible score in this dataset, and that price point is moving lower: the year-over-year change is negative 2.5%, meaning buyers who wait are, at least recently, being rewarded rather than punished. The cash flow score is 0 and the cap rate field returns zero, which signals that the rental income data needed to model a complete return picture is either absent or too thin to be reliable. That is itself meaningful information. When a market is this small and this illiquid, rental comps are sparse, and any underwrite you build will carry wider error bars than you'd accept in a larger market. The appreciation score sits at 38 out of 100, which is below average, consistent with a market where prices are currently declining rather than compounding.

The investor this market most obviously suits, on paper at least, is a deep-value buyer who can tolerate illiquidity and is not counting on a functioning MLS rental comp stack. At $88,914, even a modest gross rent would imply a price-to-rent ratio that looks attractive on a spreadsheet, but the zero cash flow score tells you the data does not support that conclusion with enough confidence to act on it. An appreciation buyer has little reason to be here: declining prices, a population of 5,386, and a below-average appreciation score combine to make a capital-gains thesis hard to construct. A value-add operator would need to answer a harder question first, which is whether there is an exit. Repositioning an asset in a county of 5,386 people requires a buyer on the other side, and thin population constrains both your tenant pool and your eventual sale.

No economic anchors or employer data were provided for Floyd County, so the demand-side story cannot be told with any specificity. What the population figure does suggest is that this is an agricultural or rural county where the rental market is likely to be highly concentrated around a small number of property types and tenant profiles. That concentration is a risk in itself: a single large employer slowdown, a drought cycle, or an outmigration trend can move vacancy in ways that a diversified urban market would absorb without much notice.

The carry costs here deserve careful attention. Using the state-average effective property tax rate of 1.80%, which is a Tax Foundation 2024 estimate and may differ materially at the actual county or township level, annual property tax on an $88,914 purchase comes to approximately $1,600. Combined with the estimated $445 in annual insurance, the monthly tax and insurance load is $170. At a purchase price under $90,000, that $170 per month is a non-trivial drag relative to any reasonable rent expectation. Texas has no state income tax, but it consistently ranks among the higher property tax states nationally, and at 1.80% the rate is high enough to deserve its own line on your underwrite. If actual Floyd County rates land above the state average, that figure climbs further. Get the county assessor's current rate before you model anything.

The comparison to neighboring counties clarifies where Floyd sits in the regional landscape. Hutchinson County, at a median of $114,329 and an overall score of 58, is the nearest price neighbor but still 29% more expensive. Bowie County offers the most complete data among the neighbors: median home price of $187,245, median rent of $1,269, and a rent-to-price ratio of 8.1%, with an overall score of 61. That 8.1% gross yield ratio is a real number, and Bowie's score edges Floyd's despite a price point more than twice as high. Victoria County shows a rent-to-price ratio of 6.4% at $211,088, which is lower than Bowie but still a market where the income math can actually be modeled. Carson County and Hamilton County lack rent data in the provided set, so they cannot be compared on yield terms. The honest conclusion is that Floyd's case for inclusion in a buy-and-hold portfolio rests almost entirely on the price point, and until you can establish credible local rent levels and confirm actual tax rates, that case is incomplete. If you need a Texas market where the income underwrite closes today, Bowie County's data is more actionable. Floyd is for the investor who is willing to do boots-on-the-ground diligence that no dataset can replace.