LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,158
Monthly Cash Flow
-$113
Principal + Equity
$1,144
Annual Total Gain
$12,371
Cash on Cash
-3.35%
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 Suburbs to Buy a House in Texas
#152out of 417 markets
Suburbs with the Best Public Schools in Texas
#219out of 417 markets
Suburbs with the Lowest Cost of Living in Texas
#108out of 417 markets
B-
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Pharr, TX.
As of September 2021, Pharr, TX does not have specific regulations in place for short term rentals. However, it is important for investors to be aware of potential changes in regulations and to stay informed about any developments in this area.
Investors should also consider the potential impact of short term rentals on the local community, including issues such as noise, parking, and property maintenance. It is important to be a responsible host and to ensure that guests are respectful of the neighborhood and local regulations.
Additionally, investors should be aware of any homeowner association rules or restrictions that may apply to short term rentals in their specific property or neighborhood.
Overall, investors should thoroughly research the market and consider all potential risks and regulations before investing in a property for short term rental in Pharr, TX.
Market Trends Over Time
Explore 25 years of market data for Pharr, 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 Pharr, TX.
The LTR Genie Score of Pharr, TX is 76, indicating a high level of rentability for long-term rental properties in this market. The STR Genie Score of 50 suggests that short-term rental properties may not be as lucrative in this area compared to long-term rentals. The LTR Net ROI of 30.66% and STR Net ROI of 26.62% both show promising returns for investors. The 1-Year Price Appreciation Forecast of 2.6% indicates potential growth in property values.
Pharr, TX is a city located in Hidalgo County, Texas, known for its proximity to the Mexico–United States border. The area has a diverse economy with a focus on agriculture, manufacturing, and international trade, making it an attractive location for real estate investment.
Overall, Pharr, TX appears to be a favorable market for long-term rental investment due to its high LTR Genie Score and strong LTR Net ROI. While the STR Genie Score is not as high, investors may still find success with short-term rental properties in the area. It is recommended for real estate investors to consider both long-term and short-term rental options in Pharr, TX to maximize their investment potential in this growing market.
