5 Best Places to Buy Investment Property in Texas Today

Texas consistently ranks as one of the top real estate markets for investors, and it’s easy to see why. The state’s strong economic fundamentals, rapid population growth, and investor-friendly policies create an environment ripe for long-term wealth building. So, where are the best places to buy investment property in Texas? To help you, we’ve rounded up the top five cities for real estate investors.

We hope the information below helps new and experienced investors make an informed decision about their next real estate investment, whether a single-family rental, duplex, or multi-family property in Texas.

As of May 2025, the Texas housing market is stabilizing and readjusting. Home prices have begun to plateau, and cities such as San Antonio and Dallas are experiencing modest declines. Elevated mortgage rates have kept homes on the market for longer, and inventory levels have increased, resulting in a more balanced market.

Despite these changes, Texas continues to attract investors due to its pro-growth housing policies and expanding suburban developments, particularly in regions like Dallas-Fort Worth. ​

The Lone Star State’s robust population growth and a dynamic housing market continue to attract investors. In 2024, the state’s population surged by 562,000, reaching approximately 31.2 million residents, making it the fastest-growing state in the U.S. Here’s a breakdown of the key factors that make Texas a good place to invest in real estate:

• Explosive Population Growth: People are drawn to Texas’s climate, job opportunities, and affordable housing. Its population growth creates a heightened demand for housing, making real estate investments particularly lucrative.
• Business-Friendly Environment: Texas is known for its pro-business incentives and policies, which continue to attract new businesses. This results in job creation and increased demand for residential and commercial properties.
• Affordable Housing Market: The Texas housing market is robust and remarkably affordable. With 47% of housing inventory priced at $350,000 or less, this affordability attracts investors looking for rental properties with strong cash flow potential, providing a solid foundation for your investment strategy.
• Robust Rental Market: Population growth has led to a strong rental market in Texas. Cities like Dallas and San Antonio have seen increased demand for rental properties, providing investors with opportunities for both steady rental income and potential appreciation, giving them a sense of security in their investment decisions.
• Infrastructure and Development: Texas leads the nation in homebuilding activity, with 225,601 residential building permits issued in 2024. This construction boom supports the state’s growing population and provides investors opportunities in new developments and emerging neighborhoods.

Texas offers numerous investment opportunities for long-term growth, cash flow, and appreciation. Here is our top five list of the best places to buy investment property in Texas.

Dallas remains a top destination for real estate investment driven by population growth, affordability, and appreciation. Between 2010 and 2023, Dallas grew by 27%. In 2024, the median home value was $369,919 with a yearly appreciation rate of 9%. However, within a 30-mile radius of downtown, you can find investment properties that range from $200,000 to $250,000. In addition, homes have appreciated significantly, 118% since 2014, 27% faster than the national average.

Want to see Dallas investment properties in person? Join one of the twice-monthly property tours with the Dallas turnkey property team at RealWealth.

Sherman offers an attractive entry point for investors seeking affordable housing and growth potential. Homes are priced between $100,000 and $140,000, with annual property values appreciating by 4-6%. According to the City of Sherman 2024 Housing Study, the rental market is healthy, with an average effective rent of $1,219 and a vacancy rate of 9.3%. The city’s proximity to North Dallas and ongoing economic development make it a strategic location for long-term investment.

Denison is also one of the best places in Texas to invest in real estate. The city is undergoing revitalization efforts and increasing its amenities, which is boosting population and rental demand. In addition, it is very affordable, with the average home price ranging from $150,000 to $230,000 and home values appreciating at 3-5% annually.

Fort Worth consistently ranks as one of the best places to buy investment property in Texas. Its strong economy, robust job market, and affordable housing make it attractive for investors looking for long-term growth and appreciation gains. In addition, as one of the fastest-growing cities in the U.S., it creates a steady demand for housing. Compared to Dallas, investors often get more for their money in the Fort Worth metro.

San Antonio is a desirable market for investors thanks to its affordability, strong job market, and population growth. In 2024, the median home price was $283,681, approximately 21% below the national average. Yearly equity growth increased by 5.5%, and rent growth by 4.2%. In addition, the city’s build-to-rent construction is the eighth highest in the nation, and it is becoming a hotspot for multi-family investors, making it an ideal market for turnkey real estate investors.

Want to See Available Investment Property In Texas?

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To learn more about the best places to buy rental property in Texas, register for a RealWealth webinar (Texas is regularly featured as one of our top markets) or attend an in-person property tour. View all of our real estate investing events.

Now that you’ve learned about the best places to buy investment property in Texas, you may be ready to look at potential turnkey investment properties.

At RealWealth, we connect our members to vetted turnkey real estate companies selling off-market single family and multi-family investment properties in top-performing real estate markets in Texas. If you are ready to see available properties and connect with turnkey property teams, join RealWealth—it’s 100% free!