Texas
Fayette County
ZIP 78938
24,783 residents20 permits TTM$76,541 median HHI8 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$271,100
ACS 5-Year
Cap rate proxy
4.0%
FMR × 0.65 ÷ Home Value
Rent-to-income
14.3%
HUD FMR ÷ ACS HHI
Net migration
+1.55%
IRS SOI
Permits (TTM)
20
Census BPS
Climate risk
58.0
FEMA NRI (0–100)
ZIP 78938
Median home value
$271,100
Gross yield
4.5%
Cap rate
4.0%
Rent gap
10.8%
Affordability
P/I: 3.5R/I: —
Section 8 detail
SAFMR: $1,019Rent: $909Gap: 12.1%
ZIP code breakdown8 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 78938 | $271,100county est. | $1,019 | 4.5% | 4.0% | 10.8% |
| 78940 | $590,348 | $1,019 | 2.1% | 1.8% | 10.8% |
| 78941 | $437,142 | $1,019 | 2.8% | 2.5% | 10.8% |
| 78945 | $379,078 | $1,019 | 3.2% | 2.9% | 10.8% |
| 78949 | $271,100county est. | $1,019 | 4.5% | 4.0% | 10.8% |
Ranked by composite score
Compare all ZIPs in Fayette County
See all 8 ZIPs ranked by yield and cap rate
Compare yields, cap rates, rent gaps, and affordability across every ZIP. Free account.
- Sortable table — sort by yield, rent gap, affordability
- Drill into any ZIP for full detail
- Save markets and weekly market digest
Free · No credit card · No spam
3
ZIP comparison table. Showing 5 of 8 ZIPs. Sign up to see all.
Demographics
Owner-occupied
79.7%
Census ACS
Vacancy rate
25.4%
Census ACS
Bachelor's degree +
27.2%
Census ACS
Rent burdened
37.1%
Census ACS (>30% income)
Median age
48.6
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026