LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,418
Monthly Cash Flow
-$84
Principal + Equity
$1,879
Annual Total Gain
$21,536
Cash on Cash
-1.48%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Best Places to Retire in Arizona
#89out of 123 markets
Most Diverse Places to Live in Arizona
#140out of 248 markets
C
Public School
D
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Kingman, AZ.
As of September 2021, Kingman, AZ does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware of potential changes in regulations that may occur in the future.
Investors should consider the following factors before purchasing a property for STR in Kingman:
1. Zoning regulations: Investors should check the zoning regulations in the specific area where they are considering purchasing a property for STR. Some areas may have restrictions on short term rentals or require a special permit.
2. Homeowner's association (HOA) rules: If the property is located in a community with an HOA, investors should review the HOA's rules and regulations regarding short term rentals. Some HOAs may have restrictions or prohibitions on STRs.
3. Taxes and licensing: Investors should be aware of any local taxes or licensing requirements for short term rentals in Kingman. They should ensure they are in compliance with all applicable laws and regulations.
4. Market demand: Investors should research the demand for short term rentals in Kingman to ensure there is a viable market for their investment. They should consider factors such as tourism, events, and local attractions that may attract visitors looking for short term accommodations.
5. Property management: Investors should consider how they will manage the property if they are not local or do not have the time to handle day-to-day operations. They may need to hire a property management company to handle bookings, guest communication, cleaning, and maintenance.
Overall, investors should conduct thorough research and due diligence before purchasing a property for short term rental in Kingman, AZ. Staying informed about any potential changes in regulations and being proactive in compliance with local laws will help ensure a successful investment in the short term rental market.
Market Trends Over Time
Explore 25 years of market data for Kingman, AZ, 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 Kingman, AZ.
The LTR Genie Score of Kingman, AZ is 76 and STR Genie Score is 58, indicating a high and moderate rating respectively. The high LTR Genie Score can be attributed to the very high LTR Rentability and impressive LTR Net ROI of 31.6%. On the other hand, the moderate STR Genie Score may be due to the average STR Net ROI of 28.00% and STR Occupancy rate of 58.82%.
Comparing the LTR and STR Genie Scores, it is evident that Kingman, AZ is more favorable for long-term rental investments based on the higher Genie Score and better metrics in terms of rentability and ROI. Additionally, the 1-Year Price Appreciation Forecast of 0.90% suggests potential growth in property values, further supporting the case for long-term rental investment in this market.
Kingman, AZ is a city located in Mohave County, Arizona, known for its affordable housing market and proximity to popular tourist destinations such as the Grand Canyon and Lake Havasu. With a growing population and steady demand for rental properties, Kingman presents a promising opportunity for real estate investors looking to capitalize on the rental market.
LTR Genie Score 93
$99,000
🛏 2 Beds🛁 2.0000 Baths🏙 1,104 sqft.🏠 SINGLE FAMILY