Killeen, TX | City Real Estate Market Analysis

Killeen, Bell County, Texas

City Analysis Real Estate Market TX Bell County

Killeen

Market Insight

Killeen, TX Investment Potential Analysis

Market analysis for Killeen, TX will appear here once data is available. This section will surface investment opportunities, risk assessments, neighbourhood trends, and local real estate insights specific to this market.

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Avg. Home Value

🏠 Median residential property value in Killeen.

1.62%

Property Tax Rate

🏛️ Effective property tax rate for this market.

$45,895

Avg. Household Income

💵 Average annual household income in the area.

131,237

Population

👥 Total city population estimate.

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Unemployment Rate

📊 Local unemployment vs. national benchmark.

Killeen, TX Real Estate Market Property Overview

Real estate market overview for Killeen, TX, Bell County
Population of 131,237
Average household income of $45,895
Property tax rate of 1.62%
Median resident age of 27.70

Property Details

City	Killeen	State	Texas
County	Bell	Country	USA
Population	131,237	Median Age	27.70
Avg. Household Income	$45,895	Median Home Value	N/A
Unemployment Rate	N/A	Property Tax Rate	1.62%
Top Industries	N/A	Economic Overview	N/A
Coordinates	31.0753, -97.7297	Properties Listed	0

Model investment returns using Killeen, TX market data as defaults

Purchase Price ($)

Annual NOI ($)

Down Payment (%) 25%

Interest Rate (%) 5.0%

Loan Term (years) 30 years

Property Tax Rate (%) 1.62%

Holding Period (years) 5 years

Annual Appreciation (%) 3.0%

Down Payment Amount:$125,000

Loan Amount:$375,000

Monthly Mortgage:$2,012

Monthly Tax:$490

Total Monthly Payment:$2,502

Monthly Cash Flow:$581

Cash on Cash Return:5.6%

Cap Rate:5.0%

Debt Coverage Ratio:1.23x

IRR (5 years):8.4%

Projected Property Value:$579,637

Total Equity:$234,891

📊Monthly Payment Analysis

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💵Cash on Cash Return

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🚀Internal Rate of Return

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🏛️Property Tax Analysis

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* Calculations use Killeen, TX median home value as the default purchase price. All figures are estimates only. Consult financial and legal professionals before investing.

Direct Property Ownership

Concentrated exposure to one property and market
Debt service, refinancing, and rate sensitivity
Active leasing, vendor, and asset oversight
Vacancy, capex, and maintenance obligations
Illiquid exit process with timing risk
Transaction costs can compress realized returns

Projected direct ownership outcome Calculating… —

REI Capital Platform Exposure

Passive exposure without direct operator liability
Institutional underwriting and acquisition discipline
Professional asset management and reporting
Strategy designed to reduce single-asset concentration
9% annual target growth projection for comparison
Curated deal flow with a passive capital framework

Projected platform exposure at 9% target Calculating… —

Projected difference —

Calculating the comparison…

* REI Capital Growth uses a 9% target annual growth projection for comparison only. Returns are not guaranteed and actual results may vary. Consult a financial professional before making investment decisions.

Accredited Investors

Deploy capital into a professionally managed real estate strategy without taking on daily operator responsibilities.

Family Offices

Evaluate long-duration CRE exposure with an emphasis on underwriting discipline and capital preservation.

1031 Exchange Buyers

Compare direct replacement ownership against passive alternatives with reduced operational complexity.

High-Income Professionals

Access commercial real estate exposure while preserving time, focus, and liquidity for core priorities.

Where Your NOI Goes Each Month

* Distribution based on current inputs. Actual expenses may vary.

ROI Over Time: Direct Ownership vs REI Capital

* Property return uses a conservative 3.8%–4.2% annual capital appreciation assumption. REI Capital uses a 9% target projection. Returns are not guaranteed.

Deployment Scenario Analysis

Your Down Payment: Direct Ownership vs REI Capital Platform Exposure

Same starting capital. Compare a direct ownership path against passive capital deployment through REI Capital.

Direct ownership (3.8%–4.2% appreciation) REI Capital (9% target)

* "Direct ownership" shows the same down payment growing at the selected 3.8%–4.2% annual capital appreciation rate. "REI Capital" shows the same down payment growing at 9% annual target. Returns are not guaranteed.

Allocation Rationale

Why sophisticated investors choose passive CRE exposure

Direct ownership can be powerful, but it also concentrates capital, time, and execution risk into one asset. Passive CRE exposure helps investors participate in professionally managed real estate strategies while reducing the operational burden of owning the property themselves.

Professional underwriting before capital deployment
Reduced exposure to single-asset operational demands
Access to institutional sourcing and asset management
Passive framework built for long-term capital strategy
Clearer comparison against direct ownership costs
Time-efficient exposure for qualified investors

Investor Materials

A more efficient way to deploy capital

The analysis above is only the starting point. Review the REI Capital investment materials to understand the acquisition strategy, underwriting framework, risk controls, and investor onboarding process behind the 9% target projection.

Acquisition strategy & deal flow
Underwriting and risk framework
Platform team and execution process
Investor qualification and next steps

Access Investment Materials

For qualified investors · Private overview · PDF access

Investment Due Diligence For Killeen, TX Income Property

Key questions for informed investment decisions

What is the overall investment potential of Killeen, TX, considering its demographic and economic factors? +

Killeen, TX, with a population of 131,237 and a median age of 27.7, presents a unique investment opportunity, especially given its median household income of $45,895 and a poverty rate of 15.3%, which, when combined with an 85.8% health insurance coverage, suggests a relatively stable workforce. The top industries, including Public Administration and Manufacturing, contribute to the local economy, while the ethnic diversity, with top ethnicities being White, Black, and White Non-Hispanic, indicates a potentially vibrant community.

How does the commute time and health insurance coverage impact the quality of life for residents and, by extension, the rental market in Killeen, TX? +

The average commute time of 19.9 minutes in Killeen, TX, coupled with the high health insurance coverage rate of 85.8%, suggests a high quality of life for residents, which can positively impact the rental market by attracting and retaining tenants. This, combined with the top commute methods being drove alone, carpooled, or worked at home, indicates flexibility and convenience for residents, making the area more desirable for investment.

What role do the top industries and ethnic diversity play in determining market demand for real estate investments in Killeen, TX? +

The top industries in Killeen, TX, such as Public Administration, Agriculture, Forestry, Fishing & Hunting, & Mining, and Manufacturing, contribute to a diverse economy, which can lead to a stable demand for housing. Additionally, the ethnic diversity, with significant White, Black, and White Non-Hispanic populations, suggests a culturally rich community that can attract a broad range of residents, thereby supporting market demand for real estate investments.

How do the poverty rate and income inequality affect the tenant quality and potential for long-term rentals in Killeen, TX? +

The poverty rate of 15.3% and a GINI coefficient of 0.394 in Killeen, TX, indicate some level of income inequality, which, when considered alongside the 85.8% health insurance coverage, suggests that while there are challenges, there is also a significant portion of the population with stable employment and access to healthcare. This mix can lead to a tenant pool that includes both lower-income and more stable, employed individuals, potentially supporting a mix of short-term and long-term rentals.

What insights can be gleaned from the median property value, property taxes, and homeownership rate for real estate investment strategies in Killeen, TX? +

The median property value of $114,400 and median property taxes of $2,171 in Killeen, TX, offer insights into the affordability and potential return on investment for real estate. When combined with a homeownership rate of 46.1%, these factors suggest a balanced market where both rental and ownership opportunities exist, allowing investors to consider strategies that cater to either renters or buyers, depending on their investment goals and the local demand.

What are some of the best neighborhoods to live in Killeen? +

Some of the best neighborhoods to live in Killeen include Yowell Ranch, White Rock Estates, Sunflower Estates, Trimmier Estates, and The Highlands at Westcliff. Harker Heights and Nolanville are also popular options due to their proximity to Fort Hood and growing communities. Additionally, Westcliff Road is a peaceful and family-friendly neighborhood known for its quiet streets and safety.

What are some fun things to do in Killeen? +

There are plenty of fun things to do in Killeen, including visiting the Lions Club Aquatics Park, Vive Les Arts Theatre, Fort Hood November 5 Memorial, and the Central Texas Theatre. You can also explore the outdoors at Belton Lake Outdoor Recreation Area or play a round of golf at Stonetree Golf Club. For some family-friendly fun, check out the Killeen Arts & Activities Center or the planetarium at Central Texas College.

What is the food scene like in Killeen? +

The food scene in Killeen is diverse and delicious, with popular restaurants like Taiwan Dragon, Texas Roadhouse, La Gondola, and Rudy's. You can also find authentic Texas barbecue at Big Hoss BBQ, or try some global cuisine at C & H Hawaiian Grill or Cajun Crabs & Shrimp. There are also plenty of great food trucks and local eateries to explore.

What are the pros and cons of living in Killeen? +

Some pros of living in Killeen include its proximity to Fort Hood, affordable housing options, and a growing community with plenty of amenities. However, some cons include the city's rapid growth and high influx of soldiers, which can lead to traffic and congestion. Additionally, the economy is heavily dependent on the military, which can be a challenge for some residents. Overall, Killeen is a great option for those who value a strong sense of community and a low cost of living.

Is Killeen a good place to live? +

Killeen is a great place to live for those who value a strong sense of community, affordable housing, and a low cost of living. While it may have its challenges, the city has a lot to offer, from its vibrant food scene to its outdoor recreation opportunities. With its growing population and economy, Killeen is a city on the rise, and it's definitely worth considering for anyone looking to relocate to Central Texas.

Things Near Killeen, TX

Metro Center Station

0.2 miles

Grand Central Market

0.4 miles

About Killeen

Killeen, TX is a city with a population of 131,237 and a median age of 27.7, which suggests a relatively young demographic. The median household income is $45,895, and the poverty rate is 15.3%, which is a bit higher than I'd like to see. However, the top industries in the area, including public administration, agriculture, and manufacturing, provide a stable source of employment for the 46,787 employed residents. The average commute time is 19.9 minutes, which is relatively short, and 85.8% of the population has health insurance, indicating a decent level of access to healthcare. The city's ethnic diversity is also notable, with the top three ethnicities being White, Black, and White Non-Hispanic. One challenge to consider is the income inequality, with a GINI coefficient of 0.394, which suggests some disparity in earnings. Additionally, the 15.3% poverty rate suggests some risk, but overall, Killeen's economy seems to be driven by a mix of government, agriculture, and manufacturing jobs, which could provide a stable foundation for investment. The median property value is $114,400, and the homeownership rate is 46.1%, which could indicate some opportunities for real estate investment. Overall, Killeen tends to be a stable market with some challenges, but also some opportunities for growth.

Population 131,237

Median Age 27.70

Avg. Household Income $45,895

Similar Properties Near Killeen, TX

Investor Materials

Access the REI Capital investment overview

Review the acquisition strategy, underwriting framework, risk considerations, and investor onboarding process in one private PDF.

Access Investment Materials

CRE Admin

Killeen, TX | City Real Estate Market Analysis

Killeen, TX Investment Potential Analysis

Killeen, TX Real Estate Market Property Overview

Property Details

Direct ownership vs. passive CRE platform exposure

Built for investors evaluating passive commercial real estate exposure

Accredited Investors

Family Offices

1031 Exchange Buyers

High-Income Professionals

Where Your NOI Goes Each Month

ROI Over Time: Direct Ownership vs REI Capital

Your Down Payment: Direct Ownership vs REI Capital Platform Exposure

Why sophisticated investors choose passive CRE exposure

A more efficient way to deploy capital

Investment Due Diligence For Killeen, TX Income Property

Things Near Killeen, TX

Metro Center Station

Grand Central Market

About Killeen

Similar Properties Near Killeen, TX

Access the REI Capital investment overview

Killeen, TX | City Real Estate Market Analysis

Killeen, TX Investment Potential Analysis

Killeen, TX Real Estate Market Property Overview

Property Details

Direct ownership vs. passive CRE platform exposure

Built for investors evaluating passive commercial real estate exposure

Accredited Investors

Family Offices

1031 Exchange Buyers

High-Income Professionals

Where Your NOI Goes Each Month

ROI Over Time: Direct Ownership vs REI Capital

Your Down Payment: Direct Ownership vs REI Capital Platform Exposure

Why sophisticated investors choose passive CRE exposure

A more efficient way to deploy capital

Investment Due Diligence For Killeen, TX Income Property

Things Near Killeen, TX

Metro Center Station

Grand Central Market

About Killeen

Similar Properties Near Killeen, TX

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