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Harker Heights, 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
$1,641
Monthly Cash Flow
-$384
Principal + Equity
$1,420
Annual Total Gain
$12,432
Cash on Cash
-6.25%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$145
Occupancy Rate
63.25%
Monthly Revenue
$1,807
Monthly Cash Flow
-$490
Principal + Equity
$1,420
Annual Total Gain
$11,168
Cash on Cash %
-7.96%
Net ROI %
Market Health & Growth
Median Income
$82,685
Population
33,595
LTR Renter %
37.8%
Forecast (1 yr)
0.9%
Appreciation (1 yr)
-2.24%
Appreciation (5 yr)
33.19%
Appreciation (10 yr)
60.56%
Job Growth
1.01%
LTR Rentability
Very High
STR Demand
55
STR Rentals
54
Top Public Schools
BCharter Oak Elementary School
BThomas Arnold 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 Buy a House in Texas
#298out of 1050 markets
Most Diverse Places to Live in Texas
#15out of 1052 markets
Best Places to Raise a Family in Texas
#317out of 1052 markets
B
Public School
C-
Crime And Safety
B-
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 Harker Heights, TX.
Before investing in a property in Harker Heights, TX for short term rental purposes, an investor should be aware of the following regulations:
1. Zoning Restrictions: Harker Heights has specific zoning regulations that may restrict short term rentals in certain areas of the city. Investors should check with the city's planning department to ensure that the property they are considering is zoned for short term rentals.
2. Permit Requirements: In Harker Heights, short term rental hosts are required to obtain a permit from the city in order to operate legally. The permit application process may include inspections, fees, and other requirements that investors should be aware of before purchasing a property.
3. Occupancy Limits: The city of Harker Heights may have occupancy limits for short term rentals, which could impact the investor's ability to maximize rental income. Investors should be aware of these limits and ensure that they comply with them.
4. Noise and Nuisance Regulations: Harker Heights may have noise and nuisance regulations that apply to short term rentals. Investors should be aware of these regulations and take steps to ensure that their guests comply with them.
5. Taxation: Short term rentals in Harker Heights are subject to hotel occupancy taxes, which must be collected and remitted to the city. Investors should be aware of their tax obligations and ensure that they are in compliance with local tax laws.
By being aware of these regulations and requirements, investors can make informed decisions about purchasing a property for short term rental purposes in Harker Heights, TX. It is important to conduct thorough research and due diligence before investing in order to avoid any potential legal issues or compliance issues down the line.
Market Trends Over Time
Explore 25 years of market data for Harker Heights, 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 Harker Heights, TX.
The LTR Genie Score of Harker Heights, TX is 68, indicating a high level of attractiveness for long-term rental investments. The STR Genie Score of 47 suggests a moderate level of attractiveness for short-term rental investments. The higher LTR Genie Score can be attributed to the very high LTR rentability and net ROI, as well as the positive rent growth rate. On the other hand, the lower STR Genie Score may be due to the lower net ROI and occupancy rate for short-term rentals.
Harker Heights, TX is a growing market located near Fort Hood, one of the largest military installations in the United States. This can provide a steady demand for rental properties, especially for long-term rentals targeting military personnel and their families.
Based on the metrics provided, Harker Heights, TX appears to be more attractive for long-term rental investments compared to short-term rentals. With a strong LTR Genie Score and positive indicators such as rent growth rate and net ROI, real estate investors may find success in investing in long-term rental properties in this market. However, investors should also consider the potential for short-term rentals, especially if they can capitalize on the demand from military personnel and visitors to the area. Ultimately, a diversified investment strategy that includes both long-term and short-term rentals could be beneficial in maximizing returns in Harker Heights, TX.
LTR Genie Score 78
$145,000
🛏 4 Beds🛁 1.0000 Baths🏙 1,451 sqft.🏠 SINGLE FAMILY