Explore available listings and evaluate market performance.
Grand Prairie, 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
$1,632
Monthly Cash Flow
-$439
Principal + Equity
$2,298
Annual Total Gain
$22,307
Cash on Cash
-6.73%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$259
Occupancy Rate
54.84%
Monthly Revenue
$3,160
Monthly Cash Flow
$614
Principal + Equity
$2,298
Annual Total Gain
$34,951
Cash on Cash %
9.41%
Net ROI %
Market Health & Growth
Median Income
$78,889
Population
198,564
LTR Renter %
42.09%
Forecast (1 yr)
0.1%
Appreciation (1 yr)
-3.89%
Appreciation (5 yr)
37.43%
Appreciation (10 yr)
113.45%
Job Growth
-1.08%
LTR Rentability
Low
STR Demand
53
STR Rentals
564
Top Public Schools
AIrma Lerma Rangel Young Women's Leadership School
ABooker T. Washington High School for the Performing and Visual Arts
A
A
A
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
#19out of 417 markets
Most Diverse Places to Live in Texas
#52out of 1052 markets
Best Suburbs for Young Professionals in Texas
#108out of 417 markets
B-
Public School
C
Crime And Safety
C
Housing
B-
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 Grand Prairie, TX.
In Grand Prairie, TX, Short Term Rental (STR) regulations are governed by the city's Code of Ordinances. Here are some key points that an investor should be aware of before purchasing a property for STR in Grand Prairie:
1. Registration and Permitting: All STR properties in Grand Prairie must be registered with the city and obtain a permit before operating. The permit application process typically involves submitting an application, paying a fee, and meeting certain requirements such as safety inspections and compliance with zoning regulations.
2. Zoning Restrictions: Grand Prairie has specific zoning regulations that dictate where STR properties can be located within the city. 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 of Grand Prairie may have occupancy limits for STR properties, which dictate the maximum number of guests that can stay at the property at any given time. Investors should be aware of these limits and ensure that their property complies with them.
4. Noise and Nuisance Regulations: Grand Prairie may have noise and nuisance regulations in place to ensure that STR properties do not disrupt the peace and quiet of residential neighborhoods. Investors should be aware of these regulations and take steps to ensure that their property is in compliance.
5. Taxes and Fees: Investors should be aware of any taxes or fees associated with operating an STR property in Grand Prairie. This may include occupancy taxes, sales taxes, and permit fees.
6. Insurance Requirements: It is important for investors to have the appropriate insurance coverage for their STR property in Grand Prairie. This may include liability insurance, property insurance, and coverage for short term rentals.
By being aware of and complying with these regulations, investors can ensure that their investment in a Short Term Rental property in Grand Prairie, TX is successful and compliant with local laws.
Market Trends Over Time
Explore 25 years of market data for Grand Prairie, 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 Grand Prairie, TX.
The LTR Genie Score of Grand Prairie, TX is 59 and STR Genie Score is 64, indicating a moderate to high potential for both long-term rental and short-term rental investments in the area. The LTR Rentability is low, which may be due to factors such as high competition or low demand for long-term rentals. However, the LTR Net ROI of 28.47% suggests that long-term rental properties in Grand Prairie can still provide a good return on investment. On the other hand, the STR Net ROI of 44.6% and high STR Genie Score indicate that short-term rental properties may be more profitable in this market. The 1-Year Price Appreciation Forecast of 0.1% suggests that property values in Grand Prairie are expected to remain relatively stable in the near future.
Grand Prairie, TX is a growing city located in the Dallas-Fort Worth metroplex, known for its diverse economy and strong job market. With a population of over 190,000 residents, Grand Prairie offers a mix of suburban neighborhoods and urban amenities, making it an attractive location for real estate investors.
Overall, Grand Prairie, TX presents opportunities for both long-term and short-term rental investments. Investors looking for higher returns may consider focusing on short-term rentals due to the higher STR Net ROI and Genie Score. However, long-term rental properties can still provide a solid return on investment, especially with the potential for property appreciation in the future. It is recommended for real estate investors to conduct further research and analysis to determine the best investment strategy based on their financial goals and risk tolerance.
LTR Genie Score 93
$210,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,055 sqft.🏠 SINGLE FAMILY
