Updated 2026 · Based on median market data for Mount Pleasant, TX
The median monthly rent in Mount Pleasant, TX is $1,510, translating to $18,120 in annual gross rental income per unit. The rent-to-price ratio is 0.70% — below the 1% rule but within a range where deals can work with good financing.
Renters in Mount Pleasant spend approximately 28% of the local median household income ($63,735) on rent. This is within the healthy 25-30% range, indicating rent is affordable relative to local incomes. There may be room for moderate rent increases, especially for updated or well-located units.
The vacancy rate in Mount Pleasant is 5.8%. This is a healthy vacancy rate that indicates balanced supply and demand. You should be able to find quality tenants without extended vacancies, though expect normal turnover periods of 2-4 weeks between tenants. Population growth of 1.8% annually is actively adding rental demand.
Mount Pleasant's GRM (price divided by annual rent) is 11.9x. A GRM under 12x is excellent — it means you're paying less than 12 years of gross rent for the property, suggesting strong income relative to price. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.
At the median rent of $1,510/mo, a single-family rental in Mount Pleasant generates approximately $18,120 in gross annual income. After accounting for 5.8% vacancy ($1,051 lost), property taxes of $3,698, insurance (~$860), and maintenance (~$860), the estimated NOI is $11,651 per year, or $971/mo.
Mount Pleasant vs Texas state average and national average across key investment metrics. Mount Pleasant outperforms both benchmarks on cap rate.