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Denison, 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
$1,515
Monthly Cash Flow
-$272
Principal + Equity
$1,714
Annual Total Gain
$17,299
Cash on Cash
-5.72%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$165
Occupancy Rate
35.48%
Monthly Revenue
$1,467
Monthly Cash Flow
-$540
Principal + Equity
$1,714
Annual Total Gain
$14,082
Cash on Cash %
-11.35%
Net ROI %
Market Health & Growth
Median Income
$60,821
Population
25,347
LTR Renter %
40.3%
Forecast (1 yr)
0.25%
Appreciation (1 yr)
-4.4%
Appreciation (5 yr)
31.64%
Appreciation (10 yr)
117.43%
Job Growth
1.82%
LTR Rentability
Very High
STR Demand
30
STR Rentals
189
Top Public Schools
BLamar Elementary School
BTerrell Elementary School
B
B
B
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
Best Places to Retire in Texas
#150out of 706 markets
Best Places to Buy a House in Texas
#312out of 1050 markets
Places with the Best Public Schools in Texas
#210out of 707 markets
B
Public School
C-
Crime And Safety
B-
Housing
C
Nightlife
B-
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 Denison, TX.
In Denison, 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: All STR properties must be registered with the city of Denison. This includes providing contact information for the property owner or manager, as well as details about the property itself.
2. Occupancy limits: STR properties in Denison are subject to occupancy limits, which are based on the size of the property and the number of bedrooms. It is important for investors to ensure that their property complies with these limits.
3. Noise and disturbance: STR properties must adhere to noise regulations and are prohibited from causing disturbances to neighbors. Investors should be aware of the city's noise ordinances and take steps to ensure that their guests are respectful of the surrounding community.
4. Parking: STR properties must provide adequate parking for guests, and parking on the street may be restricted. Investors should consider the availability of parking when purchasing a property for STR purposes.
5. Taxes: Investors should be aware of any local taxes that may apply to STR properties in Denison. This may include occupancy taxes or sales taxes on rental income.
6. Zoning regulations: Investors should check the zoning regulations in Denison to ensure that STRs are allowed in the area where they are considering purchasing a property. Some neighborhoods may have restrictions on short term rentals.
7. Safety regulations: STR properties must comply with all safety regulations, including having working smoke detectors, fire extinguishers, and emergency exit plans. Investors should ensure that their property meets these requirements.
Overall, investors looking to purchase a property for short term rental in Denison, TX should familiarize themselves with the city's regulations and ensure that their property complies with all requirements to avoid any potential issues or penalties.
Market Trends Over Time
Explore 25 years of market data for Denison, 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 Denison, TX.
The LTR Genie Score of Denison, TX is 76, indicating a high level of rentability for long-term rental properties in the area. This is supported by the LTR Net ROI of 30.27%, which is quite favorable for investors. On the other hand, the STR Genie Score is 46, suggesting that short-term rental properties may not be as lucrative in this market. The low STR Genie Score is likely influenced by the relatively low STR occupancy rate of 35.48% and the lower STR Net ROI of 24.64%.
Denison, TX is a city located in Grayson County, Texas, with a population of approximately 24,000 residents. The city is known for its historic downtown area, proximity to Lake Texoma, and easy access to major highways. Real estate investors should take note of the city's growing economy and job market, which can impact rental demand in the area.
Based on the metrics provided, Denison, TX appears to be a more attractive market for long-term rental investment rather than short-term rental investment. The high LTR Genie Score and favorable LTR Net ROI suggest that investors may find success in purchasing and renting out properties for long-term tenants in this market. However, it is important for investors to conduct further research and due diligence to fully assess the market dynamics and potential risks before making any investment decisions.
LTR Genie Score 93
$135,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,570 sqft.🏠 SINGLE FAMILY
