Howard County

TexasPopulation: 34,488
84
/100
Strong Buy
#1 of 3,073 counties
#1 in Texas (243 counties)
Analysis by RentalCalcs ResearchIndependent data + algorithm-driven scoring
Updated October 19, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$142,857
Median Home Price
39% below the median US county
$1,452/mo
Median Rent
4% below the median US county
12.19%
Annual Rent-to-Price Ratio
Top 1% nationally
+$152
Est. Monthly Cash Flow
With 20% down at 7.4% rate

Scenario comparison

Same $1,452/mo rent assumption, 20% down, 7.40% rate. What changes is the acquisition price.
ScenarioPurchase priceMonthly cash flowCap rateCash-on-cash
75% of median
value-add or distressed
$107,142+$350/mo10.6%+17.0%
Median
typical MLS deal
$142,857+$152/mo7.9%+5.5%
125% of median
newer / premium
$178,571-$45/mo6.3%-1.3%

Price History

Median Home Price

Median Rent

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$142,857
Down Payment (20%)$28,571
Loan Amount$114,286
Interest Rate7.40%

Monthly Cash Flow

Gross Rent+$1,452
Monthly P&I-$791
Est. Expenses (35%)-$508
Net Cash Flow+$152/mo
7.9%
Cap Rate (all cash)
5.5%
Cash-on-Cash Return
12.19%
Rent-to-Price Ratio

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Score Breakdown

Overall Investment Score
84/100
84
Cash Flow(30%)
100/100

Based on 12.19% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
85/100

Based on 4.8% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
99/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Above-average rent-to-price ratio (12.19%)
  • +Positive cash flow potential (+$152/mo)
  • +Affordable relative to local incomes
  • +Complete rent data available

Challenges

No significant challenges identified based on current data.

Economic Indicators

Population
34,488
Median Income
—
Data pending
Unemployment Rate
—
Data pending
Price-to-Income
—
Data pending

Who this market fits

Best for
  • +Cash-flow buyers: the deal pencils at typical financing
  • +First-time investors looking for lower-risk markets

Compare to Texas counties with similar scores

CountyVerdict
CurrentHowardTX
84$142,857$1,45212.19%Strong Buy
StonewallTX
82$91,350Est. pending—Strong BuyView
PotterTX
81$147,877$1,1339.20%Strong BuyView
DawsonTX
80$111,724Est. pending—Strong BuyView
Red RiverTX
80$175,951Est. pending—Strong BuyView
WheelerTX
80$106,675Est. pending—Strong BuyView

Section 8 in Howard County: payment standards by ZIP, PHA waitlist status, and voucher counts are on VoucherMatch, the same HUD dataset with the tenant demand side attached.

The Bottom Line

Strong BuyHoward is a strong buy market with excellent fundamentals for buy-and-hold investors.

Howard County in Texas scores 84/100, ranking #1 of 3,073 US counties (top 0%). At 20% down and current rates, a median-priced rental clears about $152/month in cash flow, backed by a 12.19% gross rent-to-price ratio.

Monthly Cash Flow
+$152/mo
Cap Rate
7.9%
Cash-on-Cash
5.5%

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