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Richardson, 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
$1,708
Monthly Cash Flow
-$1,110
Principal + Equity
$2,762
Annual Total Gain
$19,826
Cash on Cash
-12.28%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$210
Occupancy Rate
53.33%
Monthly Revenue
$2,294
Monthly Cash Flow
-$868
Principal + Equity
$2,762
Annual Total Gain
$22,727
Cash on Cash %
-9.6%
Net ROI %
Market Health & Growth
Median Income
$96,257
Population
118,269
LTR Renter %
49.16%
Forecast (1 yr)
-0.1%
Appreciation (1 yr)
-4.16%
Appreciation (5 yr)
37.37%
Appreciation (10 yr)
91.56%
Job Growth
0.75%
LTR Rentability
Low
STR Demand
49
STR Rentals
315
Top Public Schools
APioneer Technology & Arts Academy North Dallas
ALebanon Trail High 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 Cities to Live in America
#14out of 229 markets
Best Cities to Retire in America
#16out of 229 markets
Best Cities to Raise a Family in America
#14out of 229 markets
A-
Public School
C
Crime And Safety
C
Housing
A-
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 Richardson, TX.
As of September 2021, Richardson, TX does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware of the potential for regulations to be implemented in the future.
Investors should consider the following factors before purchasing a property for short term rental in Richardson:
1. Zoning regulations: Investors should check with the city's planning department to ensure that the property is located in an area that allows for short term rentals. Zoning regulations can vary by neighborhood, so it is important to confirm that the property is in compliance with local zoning laws.
2. Homeowners' association (HOA) rules: If the property is located in a neighborhood with an HOA, investors should review the association's rules and regulations regarding short term rentals. Some HOAs may have restrictions or prohibitions on short term rentals, so it is important to understand any potential limitations before purchasing a property.
3. Occupancy taxes: Richardson does not currently have a specific occupancy tax for short term rentals, but investors should be aware that this could change in the future. It is important to stay informed about any potential tax implications for short term rentals in the area.
4. Licensing and permitting requirements: While Richardson does not currently have specific licensing or permitting requirements for short term rentals, investors should be prepared for the possibility of regulations being implemented in the future. It is important to stay informed about any changes to local regulations that could impact short term rental properties.
Overall, investors should conduct thorough research and due diligence before purchasing a property for short term rental in Richardson. By staying informed about local regulations and potential changes, investors can make informed decisions and mitigate any potential risks associated with short term rentals in the area.
Market Trends Over Time
Explore 25 years of market data for Richardson, 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 Richardson, TX.
The LTR Genie Score of Richardson, TX is 50 and STR Genie Score is 47, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability being low suggests that the market may not be as favorable for long-term rentals compared to short-term rentals. The STR Genie Score being slightly lower than the LTR Genie Score could be due to factors such as lower occupancy rates and revenue in the short-term rental market.
Richardson, TX is a suburb located in the Dallas-Fort Worth metroplex known for its strong economy, diverse population, and top-rated schools. The city has a mix of residential neighborhoods, commercial areas, and recreational facilities, making it an attractive location for real estate investors.
Based on the metrics provided, Richardson, TX may be more suitable for short-term rental investments due to the higher net ROI and occupancy rates in the STR market. However, investors should also consider the 1-year price appreciation forecast, which is slightly negative, when making their decision. Overall, Richardson, TX presents opportunities for both long-term and short-term rental investments, but investors should conduct further research and analysis to determine the best strategy for their investment goals.
LTR Genie Score 93
$450,000
🛏 4 Beds🛁 3.0000 Baths🏙 2,064 sqft.🏠 SINGLE FAMILY
