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Arlington vs Houston for Rental Property Investing

Side-by-side comparison of Arlington, TX and Houston, TX — cap rates, rent, prices, and investment metrics.

Arlington wins 5–2 across key metrics
Arlington leads on cash flow (3.10% vs 2.90% cap rate) · Houston leads on population growth
Metric
Arlington, TX
Houston, TX
Est. Cap Rate
3.10%
2.90%
Median Home Price
$295,000
$310,000
Median Monthly Rent
$1,480
$1,520
1% Rule
0.50%
0.49%
GRM
16.6x
17.0x
Price / Income
4.9x
5.3x
Property Tax Rate
1.77%
1.81%
Vacancy Rate
5.9%
6.4%
Population Growth
1.3% / yr
1.5% / yr
Annual Appreciation
2.7%
2.8%
Population
398,854
2,304,580
Median Income
$60,200
$58,200

Arlington vs Houston: Which Is Better for Investors?

Cash flow: Arlington has the edge with an estimated cap rate of 3.10% compared to Houston's 2.90%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $295,000 in Arlington vs $310,000 in Houston, while rents come in at $1,480/mo and $1,520/mo respectively.

Growth & appreciation: Houston is growing faster at 1.5% annually vs Arlington's 1.3%. Houston leads on home value appreciation at 2.8% per year.

Costs & risk: Property taxes are 1.77% in Arlington vs 1.81% in Houston. Vacancy rates of 5.9% and 6.4% are mixed — Arlington has the tighter rental market.

Bottom line: Arlington edges out Houston on most key metrics. While cap rates are moderate at 3.10%, Arlington's overall profile is stronger. Use our free calculators to model specific deals in Arlington or Houston.

Arlington, TX
3.10% cap rate · $295,000 median · $1,480/mo
Full analysis →
Houston, TX
2.90% cap rate · $310,000 median · $1,520/mo
Full analysis →
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