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Frisco vs Killeen for Rental Property Investing

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

Killeen wins 4–3 across key metrics
Killeen leads on cash flow (4.29% vs 2.04% cap rate) · Frisco leads on population growth
Metric
Frisco, TX
Killeen, TX
Est. Cap Rate
2.04%
4.29%
Median Home Price
$520,000
$195,000
Median Monthly Rent
$2,100
$1,180
1% Rule
0.40%
0.61%
GRM
20.6x
13.8x
Price / Income
4.4x
4.0x
Property Tax Rate
1.8%
1.68%
Vacancy Rate
4.2%
6.8%
Population Growth
4.2% / yr
1.2% / yr
Annual Appreciation
3.5%
2.4%
Population
225,000
160,200
Median Income
$118,000
$48,600

Frisco vs Killeen: Which Is Better for Investors?

Cash flow: Killeen has the edge with an estimated cap rate of 4.29% compared to Frisco's 2.04%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $520,000 in Frisco vs $195,000 in Killeen, while rents come in at $2,100/mo and $1,180/mo respectively.

Growth & appreciation: Frisco is growing faster at 4.2% annually vs Killeen's 1.2%. Frisco leads on home value appreciation at 3.5% per year. Strong population growth typically translates to sustained rental demand and long-term price support.

Costs & risk: Property taxes are 1.8% in Frisco vs 1.68% in Killeen. Vacancy rates of 4.2% and 6.8% are mixed — Frisco has the tighter rental market.

Bottom line: Killeen edges out Frisco on most key metrics. While cap rates are moderate at 4.29%, Killeen's overall profile is stronger. Use our free calculators to model specific deals in Frisco or Killeen.

Frisco, TX
2.04% cap rate · $520,000 median · $2,100/mo
Full analysis →
Killeen, TX
4.29% cap rate · $195,000 median · $1,180/mo
Full analysis →
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