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Paris, 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
$1,231
Monthly Cash Flow
$9
Principal + Equity
$852
Annual Total Gain
$10,336
Cash on Cash
0.27%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$159
Occupancy Rate
46.67%
Monthly Revenue
$1,701
Monthly Cash Flow
$225
Principal + Equity
$852
Annual Total Gain
$12,916
Cash on Cash %
6.36%
Net ROI %
Market Health & Growth
Median Income
$45,439
Population
24,678
LTR Renter %
51.94%
Forecast (1 yr)
0.57%
Appreciation (1 yr)
0.41%
Appreciation (5 yr)
30.68%
Appreciation (10 yr)
64.7%
Job Growth
0.44%
LTR Rentability
Moderate
STR Demand
52
STR Rentals
77
Top Public Schools
BChisum High School
BChisum Middle 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
Most Diverse Places to Live in Texas
#253out of 1052 markets
Places with the Best Public Schools in Texas
#348out of 707 markets
Places with the Lowest Cost of Living in Texas
#226out of 1050 markets
B-
Public School
D
Crime And Safety
B-
Housing
B-
Nightlife
C
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 Paris, TX.
In Paris, TX, short term rentals (STRs) are subject to regulation by the city government. Here are some key points that an investor should be aware of before purchasing a property for STR purposes in Paris, TX:
1. Zoning regulations: The city of Paris has specific zoning regulations that dictate where STRs are allowed to operate. It is important for investors to check the zoning laws in the area where they are considering purchasing a property for STR use to ensure that it is allowed.
2. Permit requirements: In Paris, TX, STRs are required to obtain a permit from the city government in order to operate legally. Investors should be aware of the application process and any fees associated with obtaining a permit for their property.
3. Occupancy limits: The city of Paris may have occupancy limits in place for STRs, which dictate the maximum number of guests that can stay in a property at any given time. Investors should be aware of these limits and ensure that their property complies with them.
4. Taxation: STRs in Paris, TX are subject to local lodging taxes, which must be collected and remitted to the city government. Investors should be aware of their tax obligations and ensure that they are in compliance with all applicable laws.
5. Noise and nuisance regulations: The city of Paris may have regulations in place regarding noise levels and other nuisances caused by STRs. Investors should be aware of these regulations and take steps to ensure that their property does not cause any disturbances to neighbors or the community.
Overall, investors looking to purchase a property for STR purposes in Paris, TX should thoroughly research and understand the local regulations and requirements in order to operate their rental property legally and successfully.
Market Trends Over Time
Explore 25 years of market data for Paris, 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 Paris, TX.
The LTR Genie Score of Paris, TX is 63 and STR Genie Score is 53, indicating a moderate level of rentability for both long-term and short-term rental properties in this market. The LTR Net ROI of 24.42% and STR Net ROI of 30.51% suggest that both rental strategies can yield favorable returns for investors. However, the 1-Year Price Appreciation Forecast of 0.57% may not be as high as some other markets.
The LTR Genie Score is higher than the STR Genie Score, indicating that long-term rental properties may be slightly more favorable in Paris, TX compared to short-term rentals. This could be due to factors such as lower vacancy rates and more stable rental income for long-term rentals.
Overall, Paris, TX appears to be a promising market for real estate investors, particularly for those interested in long-term rental investments. The combination of moderate rentability, positive ROI, and a relatively stable price appreciation forecast make it an attractive option for investors looking for steady rental income. However, investors should carefully consider their investment goals and strategies before making a decision on whether to pursue long-term or short-term rental properties in this market.
LTR Genie Score 93
$129,800
🛏 4 Beds🛁 2.0000 Baths🏙 3,232 sqft.🏠 SINGLE FAMILY
