LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,586
Monthly Cash Flow
-$358
Principal + Equity
$1,352
Annual Total Gain
$11,920
Cash on Cash
-6.56%
Net ROI %
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 Cities to Live in America
#74out of 229 markets
Most Diverse Cities in America
#14out of 229 markets
Cities with the Lowest Cost of Living in America
#75out of 229 markets
B-
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Houston, TX.
As of September 1, 2019, Houston implemented regulations for Short Term Rentals (STRs) in the city. Here are some key points that an investor should be aware of before purchasing a property for STR in Houston:
1. Registration: All STRs in Houston must be registered with the city. This includes providing contact information for the owner or operator of the property.
2. Occupancy limits: The maximum occupancy for an STR in Houston is 10 guests per property. This includes both adults and children.
3. Noise restrictions: STRs are required to comply with noise ordinances in Houston. Excessive noise can result in fines or other penalties.
4. Parking regulations: STRs must provide adequate parking for guests, and parking on the street may be restricted in certain areas.
5. Inspections: Houston may conduct inspections of STR properties to ensure compliance with regulations. Failure to comply can result in fines or other penalties.
6. Taxes: STRs in Houston are subject to hotel occupancy taxes, which must be collected and remitted to the city.
7. Zoning restrictions: Some neighborhoods in Houston may have specific zoning regulations that restrict or prohibit STRs. It is important to research the zoning laws in the area where you are considering purchasing a property for STR.
8. Homeowners' association rules: If the property is located in a neighborhood with a homeowners' association, there may be additional restrictions on STRs that must be followed.
Overall, it is important for investors to thoroughly research and understand the regulations and requirements for Short Term Rentals in Houston before purchasing a property for this purpose. Failure to comply with these regulations can result in fines, penalties, or other legal consequences.
Market Trends Over Time
Explore 25 years of market data for Houston, 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 Houston, TX.
The LTR Genie Score of Houston, TX is 54 and STR Genie Score is 41, indicating a moderate and low rating respectively. The LTR Rentability is moderate, with a Rent Growth Rate of 0.0271% and Net ROI of 18.18%. On the other hand, the STR Net ROI is slightly higher at 20.76%, but the 1-Year Price Appreciation Forecast is -0.02%. The STR Occupancy rate is 54.84% with a revenue of 2032.
The LTR Genie Score is higher than the STR Genie Score, suggesting that long-term rental investment may be more favorable in Houston, TX compared to short-term rental or Airbnb options. The moderate LTR Rentability and Net ROI indicate a stable market for long-term rental investments, while the low STR Genie Score and negative price appreciation forecast may make short-term rental investments less attractive in this market.
Houston, TX is a diverse and growing city with a strong job market, making it an attractive location for real estate investors. However, investors should carefully consider the market conditions and investment goals before deciding on whether to pursue long-term rental, short-term rental, or both in this market.
LTR Genie Score 93
$465,000
🛏 6 Beds🛁 5.0000 Baths🏙 5,085 sqft.🏠 SINGLE FAMILY
