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Big Spring, TX Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,188
Monthly Cash Flow
$222
Principal + Equity
-$29
Annual Total Gain
$2,312
Cash on Cash
7.56%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$116
Occupancy Rate
65.11%
Monthly Revenue
$1,108
Monthly Cash Flow
-$24
Principal + Equity
-$29
Annual Total Gain
-$636
Cash on Cash %
-0.81%
Net ROI %
Market Health & Growth
Median Income
$70,532
Population
24,769
LTR Renter %
36.86%
Forecast (1 yr)
-5.5%
Appreciation (1 yr)
-12.43%
Appreciation (5 yr)
-21.94%
Appreciation (10 yr)
-11.1%
Job Growth
0.9%
LTR Rentability
Moderate
STR Demand
83
STR Rentals
56
Top Public Schools
BForsan High School
BForsan Elementary School - Elbow Campus
B-
B-
C
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Most Diverse Suburbs in Texas
#87out of 417 markets
Best Suburbs to Buy a House in Texas
#116out of 417 markets
Suburbs with the Lowest Cost of Living in Texas
#65out of 417 markets
C
Public School
D
Crime And Safety
B
Housing
B-
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Big Spring, TX.
In Big Spring, TX, Short Term Rentals (STRs) are regulated by the city's Code of Ordinances. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Registration and Licensing: All STRs in Big Spring must be registered with the city and obtain a license to operate. This includes providing contact information for the property owner or manager, as well as ensuring that the property meets all safety and health regulations.
2. Zoning Restrictions: The city of Big Spring has specific zoning regulations that dictate where STRs can be located. Investors should ensure that the property they are considering purchasing is in a zone that allows for short term rentals.
3. Occupancy Limits: The city may have occupancy limits for STRs, which could impact the number of guests that can stay in the property at one time. Investors should be aware of these limits and ensure they are in compliance.
4. Taxation: STRs in Big Spring are subject to hotel occupancy taxes, which must be collected and remitted to the city. Investors should be aware of these tax obligations and factor them into their financial planning.
5. Noise and Nuisance Regulations: The city may have noise and nuisance regulations that apply to STRs, including quiet hours and restrictions on outdoor activities. Investors should be aware of these regulations and ensure they are followed to avoid potential fines or penalties.
Overall, investors looking to purchase a property for Short Term Rental purposes in Big Spring, TX should thoroughly research and understand the city's regulations to ensure compliance and a successful investment.
Market Trends Over Time
Explore 25 years of market data for Big Spring, TX, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Big Spring, TX.
The LTR Genie Score of Big Spring, TX is 43 and STR Genie Score is 53, indicating a moderate level of rentability for long-term rentals and short-term rentals in the area. The LTR Rent Growth Rate of 0.0% suggests stable rental income for long-term investments, while the negative 1.81% STR Net ROI may indicate challenges in the short-term rental market. The 1-Year Price Appreciation Forecast of -5.5% raises concerns about potential capital appreciation for investors in Big Spring, TX.
In comparison, the STR Genie Score is higher than the LTR Genie Score, indicating that short-term rental investments may be more favorable in this market. With a higher STR Net ROI and STR Occupancy rate of 65.11%, short-term rentals could potentially yield better returns for investors in Big Spring, TX.
Overall, based on the metrics provided, Big Spring, TX may be more attractive for short-term rental investment rather than long-term rental investment. Investors should consider the STR Genie Score, occupancy rates, and potential ROI when evaluating opportunities in this market.
Big Spring, TX is a city located in West Texas known for its oil and gas industry. The local economy is heavily influenced by these industries, which may impact rental demand and property values in the area. Investors should be aware of the economic drivers in Big Spring, TX when considering real estate investments.
LTR Genie Score 93
$125,600
🛏 3 Beds🛁 2.0000 Baths🏙 2,169 sqft.🏠 SINGLE FAMILY