2024 · Texas
Rental yield in Texas
In 2024, the typical rental in Texas produced a gross yield of 5.7% — $1,475/mo median rent against a $313K median home value, ranking 5th of 51 states.
5.7%
Gross rental yield
above the 4.9% U.S. median
$1,475/mo
Median gross rent
incl. utilities (ACS)
$313K
Median home value
owner-occupied (ACS)
Texas metros by yield
Metropolitan areas in Texas with at least 65,000 residents, ranked by gross rental yield.
| Metro | Gross yield | Median rent | Median value |
|---|---|---|---|
| Beaumont-Port Arthur, TX | 7.5% | $1,134/mo | $182K |
| Odessa, TX | 7.5% | $1,337/mo | $215K |
| Abilene, TX | 7.4% | $1,173/mo | $191K |
| Wichita Falls, TX | 7.2% | $1,065/mo | $177K |
| Brownsville-Harlingen, TX | 7.1% | $966/mo | $163K |
| McAllen-Edinburg-Mission, TX | 7.1% | $971/mo | $164K |
| Eagle Pass, TX | 7.0% | $1,015/mo | $175K |
| Corpus Christi, TX | 6.7% | $1,293/mo | $232K |
| Lubbock, TX | 6.6% | $1,207/mo | $219K |
| Longview, TX | 6.3% | $1,091/mo | $208K |
| San Angelo, TX | 6.2% | $1,199/mo | $231K |
| El Paso, TX | 6.2% | $1,081/mo | $209K |
| Sherman-Denison, TX | 6.1% | $1,482/mo | $290K |
| Laredo, TX | 6.1% | $1,056/mo | $207K |
| Texarkana, TX-AR | 6.0% | $939/mo | $187K |
| Victoria, TX | 6.0% | $1,118/mo | $223K |
| Midland, TX | 6.0% | $1,558/mo | $313K |
| Amarillo, TX | 5.8% | $1,097/mo | $227K |
| Killeen-Temple, TX | 5.7% | $1,283/mo | $268K |
| San Antonio-New Braunfels, TX | 5.6% | $1,422/mo | $305K |
| Houston-Pasadena-The Woodlands, TX | 5.4% | $1,469/mo | $327K |
| Waco, TX | 5.4% | $1,238/mo | $277K |
| Dallas-Fort Worth-Arlington, TX | 5.3% | $1,718/mo | $390K |
| Tyler, TX | 5.2% | $1,272/mo | $292K |
| College Station-Bryan, TX | 4.8% | $1,195/mo | $302K |
| Austin-Round Rock-San Marcos, TX | 4.4% | $1,784/mo | $483K |
Frequently asked questions
What is the gross rental yield in Texas?
In 2024, Texas had a gross rental yield of 5.7% — $1,475/mo median gross rent against a $313K median home value. That ranks 5th of 51 states (1 = highest yield). Nationally the figure was 4.9%.
Which Texas metros have the best rental yield?
Among Texas metros covered by the data, gross yield was highest in Beaumont-Port Arthur, TX (7.5%), Odessa, TX (7.5%), and Abilene, TX (7.4%).
Does this account for expenses or financing?
No. Gross yield is a top-line market screen — it excludes property taxes, insurance, vacancy, management, and financing. Use it to compare markets, then run a specific deal through a cap-rate or cash-flow calculator.
How investors finance deals in Texas
Yield shows where the numbers work; our Investor Financing Report for Texas shows the rate premium, denial rate, and DSCR lending investors face there.
Source: U.S. Census Bureau, American Community Survey 2024 1-year estimates. Gross rental yield = (median gross rent × 12) ÷ median home value. A market screen, not a net return.