Is South Padre Island, TX a good place to invest in rental property?

South Padre Island, TX has a median modeled monthly cash flow of $-1,982 and a median cap rate of 1.8%, on a median sold price of $500,000. Prices changed +2.6% year over year.

What is the average cap rate in South Padre Island, TX?

The median cap rate across recently sold homes in South Padre Island, TX is 1.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in South Padre Island, TX?

The median sold price in South Padre Island, TX is $500,000 (about $381 per square foot).

Investing in South Padre Island, TX Real Estate

A data-driven snapshot of the South Padre Island, 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.

$500,000Median sold price

$381Median $/sqft

1.8%Median cap rate

$-1,982Modeled cash flow / mo

+2.6%Appreciation YoY

72.4Months of supply

489Active listings

81Sold (last 12 mo)

What the South Padre Island numbers say

In South Padre Island, TX, the median home sold for $500,000 (about $381 per square foot), and the typical deal models out to a 1.8% cap rate with a median $-1,982 of monthly cash flow. Sold prices moved +2.6% over the past year. Inventory sits at about 72.4 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.

Other Texas markets to compare

See South Padre Island cash-flowing listings

CashFlowRE ranks every for-sale home in South Padre Island, 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 South Padre Island deals, or browse the national market data.