Updated 2026 · Based on median market data for Plainview, TX
The median monthly rent in Plainview, TX is $820, translating to $9,840 in annual gross rental income per unit. The rent-to-price ratio is 0.71% — below the 1% rule but within a range where deals can work with good financing.
Renters in Plainview spend approximately 15% of the local median household income ($63,735) on rent. This is well below the 30% threshold, suggesting significant headroom for rent increases. Tenants can afford to pay more, which is bullish for landlords.
The vacancy rate in Plainview 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.
Plainview's GRM (price divided by annual rent) is 11.7x. 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 $820/mo, a single-family rental in Plainview generates approximately $9,840 in gross annual income. After accounting for 5.8% vacancy ($571 lost), property taxes of $1,978, insurance (~$460), and maintenance (~$460), the estimated NOI is $6,371 per year, or $531/mo.
Plainview vs Texas state average and national average across key investment metrics. Plainview outperforms both benchmarks on cap rate.