Killeen-Temple, TX
The numbers that matter most
What an investor checks first when sizing up a new metro — affordability ratio, rent vs income, cap rate proxy, and where the market is moving. Each metric shown vs. state and national medians for instant context.
moderate
Price to income
3.20×
The single most-cited 'is this market still cheap' check. Below 3× and you're in an affordability tailwind.
- vs Texas
- 2.95×
- vs U.S.
- 3.43×-0.23
Benchmark
ACS median home value ÷ median HHI
comfortable
Rent to income
22.0%
What share of a typical household's income goes to rent. Below 30% means tenants can absorb modest rent increases.
- vs Texas
- 23.2%-1.2
- vs U.S.
- 23.3%-1.3
Benchmark
(HUD FMR 2BR × 12) ÷ median HHI
deal-by-deal
Cap rate proxy
4.47%
Rough first-pass yield assuming a 35% expense ratio. Not an underwriting number — a 'is this even worth modeling' filter.
- vs Texas
- 5.06%
- vs U.S.
- 4.35%+0.13
Benchmark
(FMR 2BR × 12 × 0.65) ÷ ACS median home value
steady
Net migration
+0.34%
Forward-looking demand signal. Positive net migration drives rent growth and absorbs new supply.
- vs Texas
- -0.00%+0.35
- vs U.S.
- 0.03%+0.31
Benchmark
IRS net migration ÷ population
strong
Permit pipeline
6.88
permits per 1,000 residents
Forward-supply indicator. Above ~5 means the metro is building meaningfully relative to its size; below 2 means supply is tight.
- vs Texas
- 5.01+1.87
- vs U.S.
- 3.52+3.36
Benchmark
Census BPS permits TTM ÷ population × 1,000
softening
Unemployment
4.4%
Tighter unemployment means higher wages, more rental demand, lower vacancy.
- vs Texas
- 3.7%
- vs U.S.
- 3.9%
Benchmark
BLS LAUS, latest month
Where prices are and where they've been
5-year price appreciation
+51.7%
homeValues.yearOverYear
+1.3%
Median home value
$215,000
The rent ladder
| Bedroom | Monthly | Annual | % of median HHI |
|---|---|---|---|
| 1 BR | $990 | $11,880 | 17.7% |
| 2 BR | $1,233 | $14,796 | 22.0% |
| 3 BR | $1,711 | $20,532 | 30.6% |
Labor market direction
Unemployment
4.4%
Median household income
$67,203
What's being built
Total TTM
3,286
+8.9% YoY
Single-family
2,519
2–4 unit
460
5+ unit
307
All 3 counties, ranked by population
| County | Population | Home value | Median HHI | Permits TTM | YoY |
|---|---|---|---|---|---|
| Bell County | 372,821 | $221,100 | $66,051 | 2,720 | -6.0% |
| Coryell County | 82,927 | $177,400 | $68,904 | 550 | +82.7% |
| Lampasas County | 21,829 | $236,000 | $76,919 | 16 | +6.7% |
Similar metros nationally
| Metro | Pop | Med HHI | P/I | Cap proxy | HPI 5y | Permits/1k | Unemp |
|---|---|---|---|---|---|---|---|
| ★Killeen | 477,577 | $67,203 | 3.20× | 4.47% | +51.7% | 6.88 | 4.4% |
| Asheville, NC | 469,484 | $69,236 | — | — | +56.9% | — | 3.2% |
| Visalia, CA | 473,446 | $69,489 | — | — | +51.3% | — | 10.2% |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 496,299 | $64,623 | — | — | +65.0% | — | 5.9% |
| Port St. Lucie, FL | 494,081 | $72,506 | — | — | +62.2% | — | 5.0% |
| Springfield, MO | 477,056 | $61,488 | — | — | +60.3% | — | 2.9% |
Where people are moving in from
Net migration
+1,631
+0.34% of population
| Origin county | Tax returns |
|---|---|
| Williamson County, TX | 1,743 |
| Bell County, TX | 1,392 |
| Coryell County, TX | 1,233 |
| Travis County, TX | 1,160 |
| McLennan County, TX | 520 |
| Harris County, TX | 464 |
Who lives in Killeen
- Median age
- 33
- Bachelor's+
- 25.4%
- Owner-occupancy
- 57.8%
- Vacancy rate
- 9.5%
- Rent burdened (30%+)
- 46.7%
- Median household income
- $67,203
This page shows federally sourced data. A full editorial analysis with charts and investment commentary is in progress.