State Profile
Texas Investment Profile
Texas remains the deepest investor market in the U.S., with strong job growth, landlord-friendly law, and diversified metros.
Reviewed by Keiron Brown, Founder & Editor, CalculateRealEstateROI · Educational estimates only — not investment, financial, tax, or legal advice
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Tracked metros
4
Avg yield
6.7%
Avg 5-yr appreciation
49%
Landlord friendliness
7.0 / 10
Opportunities
- No state income tax
- Robust corporate relocation
- Largest landlord-friendly judicial framework
- Multifamily depth in DFW and Houston
Risks
- Property taxes ~2.0–2.3%
- New-build supply softening rents in suburbs
- Insurance pressure on Gulf Coast
Cash flow outlook
Above-average cash flow potential relative to the national panel.
Appreciation outlook
Healthy appreciation track record with room to run.
Tracked metros
| Metro | Yield | Cap rate | 5-yr appr. | Vacancy |
|---|---|---|---|---|
| Dallas | 7.1% | 6.4% | +48% | 6.1% |
| Austin | 5.0% | 4.9% | +66% | 8.2% |
| Houston | 7.3% | 6.6% | +38% | 7.2% |
| San Antonio | 7.4% | 6.8% | +45% | 7.5% |
Other state profiles
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