Moore (TX) Investor Pulse Report (2026-Q1)

In Moore County, investors hold a significant 1,316 single-family residential properties, which constitutes 24.8% of the total 5,310 SFRs in the market. This reveals a substantial investor footprint within the local housing ecosystem.

The ownership structure is overwhelmingly dominated by individual investors. They own 1,186 properties, or 90.1% of the investor-held portfolio, compared to just 132 properties (10.0%) owned by companies. This points to a market driven by local individuals rather than corporate entities.

A defining characteristic of the Moore County investor market is its complete lack of leverage. All 1,316 investor-owned SFRs are owned with cash, with no financed properties recorded. This suggests a highly conservative, risk-averse investor base focused on stable, long-term holdings.

The portfolio is heavily geared towards generating rental income, with 1,219 of the 1,316 properties actively rented. This focus on rental operations, combined with the all-cash ownership, reinforces the image of a mature, buy-and-hold market.

The landlord entity count mirrors the property ownership trend, with 1,067 individual landlords compared to only 81 company landlords. This further solidifies the market's character as being composed of small, independent operators engaged in local real estate investing.

A critical finding for Moore County is the complete absence of recent sales transactions for both landlords and traditional homeowners. The data shows zero properties purchased in 2024 or the preceding 2020-2023 period, making it impossible to analyze current acquisition prices.

Without transaction data, a direct comparison between what landlords and homeowners are paying is not possible. This lack of activity prevents the calculation of any potential investor discount or premium, a key metric for understanding market dynamics.

The market's illiquidity means that trends in price appreciation cannot be measured. It is unclear how property values in Moore County have evolved from the pandemic era (2020-2023) to the present, as no recent sales provide a benchmark.

This data gap suggests a market in a holding pattern, where existing owners are not selling and new buyers are not entering. Such stagnation can make it difficult for any market participant to accurately determine property values without recent comparable sales.

For stakeholders trying to understand the market, this lack of velocity is the primary insight. The value of assets is theoretical until transactions occur, and in Moore County, the market for investment properties appears to be completely frozen.

In Q4 2025, investor activity in Moore County came to a complete standstill, with landlords purchasing zero single-family properties. This resulted in a 0.0% share of market purchases, reflecting a total lack of new investment from this sector.

The inactivity was universal across all investor sizes. Mom-and-pop landlords (1-10 properties) and institutional investors (1000+ properties) both recorded zero purchases, indicating that neither small-scale nor large-scale capital is currently flowing into the county's SFR market.

A key indicator of market health and growth, the formation of new landlords, was also absent. Zero new single-property (Tier 01) landlords entered the market, signaling a lack of new interest from first-time investors.

This lack of purchasing activity stands in stark contrast to the significant existing holdings of investors. While they own nearly a quarter of the market's SFRs, they are not currently in an acquisition phase.

The complete halt in Q4 purchases suggests investors in Moore County are focused entirely on managing their existing portfolios rather than expanding them. This reflects a broader market characterized by stability and a lack of transactional churn.

The investor landscape in Moore County is unequivocally dominated by small-scale operators. Mom-and-pop landlords, defined as those owning 1-10 properties, control a massive 96.0% of all investor-owned SFRs.

Breaking down this dominance, single-property landlords (Tier 01) represent the largest single segment, holding 696 properties, or 50.2% of the investor portfolio. This highlights the foundational role of first-time and small-scale landlords in the local rental market.

In stark contrast, there is absolutely no institutional investor presence in Moore County. The 1,000+ property tier (Tier 09) holds zero properties, meaning the local market is completely insulated from large, corporate institutional owners.

The remainder of the mom-and-pop category includes landlords with 2 properties (9.7%), 3-5 properties (22.7%), and 6-10 properties (13.5%), all contributing to the hyper-localized ownership structure.

Even mid-size landlords are a rarity, with those owning 11-50 properties controlling just 4.0% of the inventory combined. This tier distribution confirms that the market's character is defined by a large number of small, independent investors rather than a few large players.

In Moore County, individual investors maintain majority ownership across every single portfolio tier, underscoring their comprehensive control of the market. Unlike in many other regions, there is no point at which companies take over as the dominant owner type.

For single-property landlords, individuals represent 91.5% of the ownership (637 properties), setting the tone for the entire market. This pattern continues up the scale, with individuals owning 85.8% of two-property portfolios.

Even as portfolio sizes increase, the dominance of individuals persists. In the 6-10 property tier, individuals own 164 properties (87.7%), and in the 11-20 property tier, they still hold 31 properties, a 72.1% majority.

This data reveals that even the largest investors in Moore County are more likely to be individuals or families rather than formalized corporate entities. Company ownership remains a small fraction across the board, peaking at just 27.9% in the 11-20 property tier.

The lack of a crossover point is a significant finding, indicating a market that has not attracted significant corporate investment at any scale. The entire rental landscape, from single homes to small portfolios, is managed primarily by private individuals.

Geographic analysis of Moore County reveals distinct pockets of investor concentration. The zip code 79029 (Dumas) is the epicenter of investor ownership by sheer volume, containing 989 investor-owned SFR properties.

However, the highest *rate* of investor ownership is found in the 79086 zip code (Sunray), where investors own 44.1% of the 274 SFR properties. This extremely high penetration suggests a community heavily defined by its rental housing market.

This highlights the important distinction between volume and concentration. While Dumas has more rental units, an investor's presence is proportionally more significant in Sunray's housing market.

Other areas with notable investor presence include 79013 (Cactus) with a 35.7% ownership rate and 79036 (Fritch) at 21.2%, both well above the national average. This deep dive into local assessor data pinpoints where rental housing is most prevalent.

These patterns suggest that investor strategies may be highly localized, perhaps targeting specific neighborhoods or communities within the county that have strong rental demand drivers, such as proximity to major employers.

Historical transaction data for Moore County reveals a market that is not actively trading. The absence of any recent buy or sell transactions for landlords means that key performance indicators for market liquidity cannot be calculated.

It is impossible to determine the net position of the landlord community. Without purchase and sale volumes, we cannot know if investors are, on balance, accumulating more properties or divesting from their current holdings.

The degree of market churn, specifically landlord-to-landlord transactions, is also unknowable. This metric typically indicates how much of the market is simply trading hands between existing investors, a sign of a mature and liquid market, which is absent here.

Similarly, no analysis of profitability can be performed. The data does not allow for a comparison of average buy prices versus average sell prices, which would typically provide insight into the margins investors are realizing upon disposition.

This lack of transactional history is itself the main finding. It portrays a buy-and-hold market where assets are acquired for long-term cash flow, and owners are not engaging in frequent trading or speculation.

Q1 2026 transaction data confirms the trend of market-wide inactivity in Moore County. Landlords participated in 0.0% of the 0 total SFR transactions, as the market saw no movement.

This inactivity was consistent across all investor sizes. Analysis by purchase tier shows zero transactions for every category, from single-property landlords up to the county's largest portfolio owners. No segment of the investor community was active in the market.

As a result of zero purchases, average purchase prices cannot be determined for any investor tier. It is impossible to analyze if certain tiers are targeting different price points or employing distinct acquisition strategies.

The data on inter-landlord trading is also null. We cannot see what percentage of purchases, if any had occurred, came from other landlords, a metric that often sheds light on market dynamics and liquidity between investors.

Ultimately, the Q1 transaction summary reinforces the primary narrative for Moore County: it is a stable, non-transactional market where existing investors are holding their assets and no new activity is taking place.