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North Richland Hills, 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
$1,594
Monthly Cash Flow
-$794
Principal + Equity
$2,413
Annual Total Gain
$19,438
Cash on Cash
-10.54%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$266
Occupancy Rate
60.79%
Monthly Revenue
$3,924
Monthly Cash Flow
$948
Principal + Equity
$2,413
Annual Total Gain
$40,339
Cash on Cash %
12.59%
Net ROI %
Market Health & Growth
Median Income
$93,434
Population
70,338
LTR Renter %
35.88%
Forecast (1 yr)
0.15%
Appreciation (1 yr)
-2.81%
Appreciation (5 yr)
37.3%
Appreciation (10 yr)
98.43%
Job Growth
0.89%
LTR Rentability
Moderate
STR Demand
78
STR Rentals
158
Top Public Schools
AWestlake Academy
AArlington Classics Academy - Primary School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Best Suburbs to Raise a Family in Texas
#103out of 417 markets
Best Suburbs for Young Professionals in Texas
#64out of 417 markets
Suburbs with the Best Public Schools in Texas
#93out of 417 markets
A-
Public School
C
Crime And Safety
B-
Housing
B
Nightlife
A-
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 North Richland Hills, TX.
As of September 2021, North Richland Hills, TX 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 and to stay informed about any updates from the city government.
Investors should also consider the potential impact of STRs on the neighborhood and community. Some residents may have concerns about noise, parking, and the transient nature of short term renters. It is important to be a responsible host and to address any concerns from neighbors in a timely manner.
Additionally, investors should be aware of any homeowners association (HOA) rules or restrictions that may prohibit or limit short term rentals in certain neighborhoods. It is important to review the HOA bylaws and regulations before purchasing a property for use as an STR.
Overall, investors should conduct thorough research and due diligence before investing in a property for short term rental in North Richland Hills, TX. Staying informed about regulations, being a responsible host, and respecting neighborhood rules and regulations will help ensure a successful investment in the STR market.
Market Trends Over Time
Explore 25 years of market data for North Richland Hills, 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 North Richland Hills, TX.
The LTR Genie Score of North Richland Hills, TX is 60 and STR Genie Score is 78, indicating a moderate and high level of attractiveness for long-term rental and short-term rental investments, respectively. The LTR Rentability is moderate, likely due to the steady LTR Rent Growth Rate of 0.0514% and a respectable LTR Net ROI of 21.52%. On the other hand, the high STR Genie Score can be attributed to the impressive STR Net ROI of 44.65% and a strong STR Occupancy rate of 60.79%. The 1-Year Price Appreciation Forecast of 0.15% suggests a stable market with potential for growth.
North Richland Hills, TX is a suburban city located in Tarrant County, known for its family-friendly community, good schools, and convenient access to major highways. The city offers a mix of residential neighborhoods, retail centers, and recreational amenities, making it an attractive location for real estate investors seeking long-term rental or short-term rental opportunities.
Overall, North Richland Hills, TX appears to be a promising market for both long-term rental and short-term rental investments. Investors may consider diversifying their portfolio by exploring opportunities in both rental strategies to maximize returns in this stable and growing market.
LTR Genie Score 93
$179,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,265 sqft.🏠 SINGLE FAMILY
