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Cost of Living & Affordability: College Station, TX

Updated 2026 · Based on median market data for College Station, TX

Cap Rate
3.48%
Median Price
$305K
Rent/Mo
$1,620
1% Rule
0.53%
Fails

Housing Affordability

College Station's price-to-income ratio is 4.8x — homes cost 4.8 times the local median household income of $63,735. This is moderately affordable. A healthy portion of the workforce can still aspire to homeownership, but many find renting more practical — creating a solid tenant base of working professionals.

Rent vs Buy Analysis

A typical mortgage payment on a median-priced home in College Station (20% down at 7%) is approximately $2,028/mo for principal and interest alone — add taxes and insurance and the all-in payment reaches roughly $2,567. The median rent of $1,620/mo is significantly less than buying — this rent-vs-buy gap is one of the strongest indicators of sustainable rental demand. When renting is cheaper than buying, the renter pool stays deep and vacancy stays low.

Income & Employment

The median household income in College Station is $63,735, with a population of 50,000 growing at 1.8% per year. College Station is a smaller market. Research the local employment base carefully — smaller cities can be significantly impacted by a single employer's decisions. Moderate population growth indicates a stable economic foundation.

What This Means for Investors

College Station is affordable with moderate returns. Focus on volume — the low entry point lets you scale to multiple properties faster than in more expensive markets.

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How College Station Compares

College Station vs Texas state average and national average across key investment metrics. College Station's cap rate is below both benchmarks — deal sourcing is critical here.

Metric
College Station
Texas Avg
National Avg
Cap Rate
3.48%
3.89%
3.81%
Median Price
$305K
$264K
$333K
Median Rent
$1,620
$1,415
$1,524
Property Tax
1.72%
1.72%
1.08%
Vacancy
5.8%
5.8%
5.6%
Pop. Growth
1.8%/yr
1.8%/yr
0.9%/yr

Nearby South Markets

City
Cap Rate
Price
Rent
Tax
College Station, TX
3.5%
$305K
$1,620
1.72%
Pensacola, FL
4.8%
$305K
$1,720
0.79%
Greenville, SC
4.4%
$305K
$1,550
0.55%
Houston, TX
3.4%
$305K
$1,620
1.81%
St. Marys, GA
3.8%
$305K
$1,500
0.93%

Frequently Asked Questions

Is College Station affordable for renters?
Renters in College Station spend approximately 31% of median household income on rent. This exceeds the 30% affordability threshold, meaning housing costs are stretched relative to local incomes. The median household income is $63,735, below the level needed for comfortable renting.
What is the price-to-income ratio in College Station?
College Station's price-to-income ratio is 4.8x, meaning homes cost 4.8 times the local median income. This is moderate — some residents can buy, many choose to rent.
Is it cheaper to rent or buy in College Station?
A mortgage payment (20% down, 7% rate) on the median $305K home is approximately $1,623/mo before taxes and insurance. Adding those costs brings it to roughly $2,161/mo. The median rent of $1,620/mo is less than the cost of buying — this gap supports continued rental demand.
How does College Station's cost of living compare to the national average?
Home prices in College Station ($305K) are 9% below the national average. Rents ($1,620/mo) are 6% above average. Property taxes (1.72%) are above the 1.08% national average.
Full College Station Analysis →Cap Rate CalculatorBRRRR Calculator

Explore College Station & Related Markets

More College Station Guides

Rental Property Investment GuideRent AnalysisProperty Tax GuideAppreciation & Growth ForecastNeighborhood Investment Guide

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