Temple’s current Zillow ZHVI typical home value is $249,750, down 2.8% year over year, while Zillow ZORI typical observed market rent is $1,428 per month, up 0.03%. Together they imply a 6.86% gross yield, calculated as annual ZORI divided by ZHVI before every operating cost. ZHVI is 3.66x ACS median household income, while annual ZORI is 25.13% of that income. These are screening measures, not evidence of property-level cash flow or affordability for every household.
Temple has 37,299 housing units; 47.68% of occupied units are renter-occupied, and citywide vacancy is 7.47%. These stock shares do not show how quickly a specific unit will lease. ACS reports a $239,000 median home value for surveyed occupied housing and $1,231 median gross rent, including contract rent plus selected utilities. Those ACS measures differ in concept and period from Zillow’s typical home value and observed market rent, so they should not be blended.
City depth is mixed. The ACS shows 50.27% of renters at the 30% gross-rent burden threshold or above, signaling affordability pressure but not a property rent ceiling. Single-family structures comprise 67.38% of city housing, while large multifamily is a smaller part of the structure mix. Among vacant units, 33.57% are classified as for rent; this survey reason is not available investment inventory. Population rose 19.85% between the overlapping ACS vintages, a nonannualized comparison that may also reflect boundary changes. Median household income is $68,204, while poverty is 16.02% and unemployment is 6.64%; these are descriptive demand constraints, not causes of future performance.
Bell County county listings show a median 67 days on market and price reductions on 19.72% of active listings, signaling county seller repricing without measuring Temple alone. The broader Killeen metro has 4.7 months of supply, while metro employment grew 0.23% year over year; together they frame regional resale balance and labor momentum, not city outcomes. The national Freddie Mac 30-year mortgage rate is 6.58%, a national financing constraint whose property impact depends on leverage, loan structure and borrower qualification.
These datasets use different denominators: city Zillow observations, city ACS surveys, county records, metro indicators and the national rate cannot establish a property’s achievable rent or return. Before underwriting, verify address-level sale and lease comparables, condition, major systems, assessed value, tax bill, insurance and flood terms, utilities, management, title, association obligations and financing. Stress-test vacancy, concessions, turnover, repairs, capital expenditures and exit costs. Citywide vacancy and renter shares cannot show whether a particular rental will lease quickly.