Investment metrics, interactive calculators, and data-driven analysis for Killeen rental properties.
Pre-filled with Killeen medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Killeen.
Killeen, TX has a population of 160,200 and has been growing at 1.2% annually — above the national average, suggesting steady demand pressure on housing. The median home price of $195,000 paired with median rents of $1,180/mo produces an estimated cap rate of 4.29%.
Property taxes at 1.68% are notably high and represent a significant drag on cash flow — model this expense carefully, as it can make or break a deal. The vacancy rate of 6.8% is moderate and within normal parameters for a healthy rental market.
At a price-to-income ratio of 4.0x, homes cost about 4.0 times the local median income of $48,600. This relatively affordable ratio suggests a deep pool of renters who find buying out of reach, supporting rental demand. Home values have appreciated at roughly 2.4% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: Killeen presents moderate opportunities. Cap rates near 4.29% mean deals need careful sourcing — look for value-add rehabs or emerging neighborhoods where rents are climbing.