Updated 2026 · Based on median market data for San Angelo, TX
The median monthly rent in San Angelo, TX is $1,340, translating to $16,080 in annual gross rental income per unit. The rent-to-price ratio is 0.56% — well below the 1% rule, making pure cash flow investing challenging at median prices.
Renters in San Angelo spend approximately 25% 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 San Angelo 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.
San Angelo's GRM (price divided by annual rent) is 14.9x. A GRM between 12-16x is moderate and typical of balanced markets. Deals can work but you need to keep expenses controlled. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.
At the median rent of $1,340/mo, a single-family rental in San Angelo generates approximately $16,080 in gross annual income. After accounting for 5.8% vacancy ($933 lost), property taxes of $4,128, insurance (~$960), and maintenance (~$960), the estimated NOI is $9,099 per year, or $758/mo.
San Angelo vs Texas state average and national average across key investment metrics. San Angelo's cap rate is below both benchmarks — deal sourcing is critical here.