As prices cool for attached homes in Texas, real estate investors are taking advantage of the discounts, according to a Cotality analysis.

Investors accounted for 39.5% of all attached-home sales in 2025, compared to 31.8% for detached homes. That’s much more significant than the national investor share of 30.5% for attached-homes sales.

And while attached-home prices are declining in Texas, rents are growing: Nationwide, rents increased 1.58% from 2024 to 2025 while prices stayed flat. In Texas, rents increased 2.56% during the same time period while prices dipped 4.03%.

“The trend is clear,” Cotality analyst Brian Lopez wrote. “Investor behavior is responding directly to where value has emerged fastest. Attached inventory is now priced to move, and capital is moving with it.”

Lopez called that trend a “yield play”:

“The purchase price is shrinking while rent is expanding,” he said. “Investors are capitalizing on a unique window to acquire assets at 2022 prices but lease them at 2025 rates. That means stronger yields on new acquisitions and a higher return profile across both short-term cash flow and longer-term upside.”

Cotality predicts Texas’ attached-home price trend will begin to curb early this year. The company projects 3.2% annual growth through 2030 — making now an ideal time to jump into the market as an investor.

As rent growth continues to outpace property values, Lopez said, Texas could serve as a model for similar markets elsewhere in the country, including Florida, Arizona and the Carolinas, where attached-home prices are softening as supply catches up with demand and affordability remains strained for prospective first-time buyers.