Is Elgin, TX a good place to invest in rental property?

Elgin, TX has a median modeled monthly cash flow of $-497 and a median cap rate of 4.3%, on a median sold price of $292,290. Prices changed -9.1% year over year.

What is the average cap rate in Elgin, TX?

The median cap rate across recently sold homes in Elgin, TX is 4.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elgin, TX?

The median sold price in Elgin, TX is $292,290 (about $169 per square foot).

Investing in Elgin, TX Real Estate

A data-driven snapshot of the Elgin, TX rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$292,290Median sold price

$169Median $/sqft

4.3%Median cap rate

$-497Modeled cash flow / mo

-9.1%Appreciation YoY

16.6Months of supply

875Active listings

632Sold (last 12 mo)

What the Elgin numbers say

In Elgin, TX, the median home sold for $292,290 (about $169 per square foot), and the typical deal models out to a 4.3% cap rate with a median $-497 of monthly cash flow. Sold prices moved -9.1% over the past year. Inventory sits at about 16.6 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

🔨 See 36 fix-and-flip deals in Elgin — listings where the estimated after-repair value beats list price + rehab.

Other Texas markets to compare

See Elgin cash-flowing listings

CashFlowRE ranks every for-sale home in Elgin, TX by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Elgin deals, or browse the national market data.