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Galveston, 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
$1,378
Monthly Cash Flow
-$721
Principal + Equity
$1,904
Annual Total Gain
$14,207
Cash on Cash
-10.58%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$270
Occupancy Rate
44%
Monthly Revenue
$2,960
Monthly Cash Flow
$418
Principal + Equity
$1,904
Annual Total Gain
$27,868
Cash on Cash %
6.14%
Net ROI %
Market Health & Growth
Median Income
$57,216
Population
53,348
LTR Renter %
53.27%
Forecast (1 yr)
-0.27%
Appreciation (1 yr)
-8.44%
Appreciation (5 yr)
30.3%
Appreciation (10 yr)
80.32%
Job Growth
-0.94%
LTR Rentability
Low
STR Demand
37
STR Rentals
5,544
Top Public Schools
BAustin Middle School
BOppe Elementary Magnet Campus of Coastal Studies
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
Most Diverse Suburbs in Texas
#35out of 417 markets
Most Diverse Places to Live in Texas
#95out of 1052 markets
Best Suburbs for Young Professionals in Texas
#26out of 417 markets
C-
Public School
D
Crime And Safety
D
Housing
A
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 Galveston, TX.
1. Galveston, TX has specific regulations in place for Short Term Rentals (STRs) that investors should be aware of before purchasing a property for this purpose. These regulations are aimed at maintaining the character of residential neighborhoods and ensuring the safety and well-being of residents and visitors.
2. The city of Galveston requires all properties used for short term rentals to obtain a permit from the city's Planning and Development Department. This permit must be renewed annually and failure to obtain or renew a permit can result in fines and penalties.
3. There are specific zoning regulations in place for STRs in Galveston, with certain areas of the city designated as "short term rental overlay districts." Investors should ensure that the property they are considering purchasing is located in a zone where short term rentals are permitted.
4. The city of Galveston also has occupancy limits for STRs, with a maximum of 2 adults per bedroom plus 2 additional guests allowed in a property. This is to prevent overcrowding and ensure the safety of guests.
5. Investors should also be aware of noise regulations in Galveston, as excessive noise from STRs can result in complaints from neighbors and potential fines. Quiet hours are typically enforced between 10pm and 7am.
6. It is important for investors to familiarize themselves with the specific regulations and requirements for STRs in Galveston before purchasing a property for this purpose. Failure to comply with these regulations can result in fines, penalties, and even the revocation of the permit to operate as a short term rental.
7. Additionally, investors should consider the potential impact of STR regulations on their investment property, as changes in regulations or enforcement policies could affect the profitability of the investment. Conducting thorough research and due diligence before purchasing a property for short term rental in Galveston is essential to ensure a successful investment.
Market Trends Over Time
Explore 25 years of market data for Galveston, 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 Galveston, TX.
The LTR Genie Score of Galveston, TX is 48 and STR Genie Score is 56. The LTR Rentability is low, which may be attributed to the stagnant LTR Rent Growth Rate of 0.0% and the 1-Year Price Appreciation Forecast of -0.27%. On the other hand, the STR Genie Score is higher due to the higher potential Net ROI of 34.12% and the STR Revenue of 2960. The occupancy rate of 44.0 for STR properties also contributes to the higher STR Genie Score.
Galveston, TX is a coastal city known for its beaches, historic architecture, and vibrant tourism industry. With its proximity to Houston and popular attractions like Moody Gardens and the Pleasure Pier, the city attracts a steady stream of visitors throughout the year. This makes it a potentially lucrative market for short-term rental investments.
Overall, based on the metrics provided, Galveston, TX seems to be more attractive for short-term rental investments rather than long-term rental investments. The higher STR Genie Score, potential for higher ROI, and strong occupancy rates indicate that investing in short-term rentals in this market may yield better returns. However, investors should conduct further research and due diligence to assess the market dynamics and demand for short-term rentals in Galveston before making any investment decisions.
