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Sherman, 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
$1,463
Monthly Cash Flow
-$841
Principal + Equity
$1,876
Annual Total Gain
$12,418
Cash on Cash
-15.52%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$140
Occupancy Rate
56.67%
Monthly Revenue
$1,883
Monthly Cash Flow
-$703
Principal + Equity
$1,876
Annual Total Gain
$14,066
Cash on Cash %
-12.98%
Net ROI %
Market Health & Growth
Median Income
$60,935
Population
45,036
LTR Renter %
47.01%
Forecast (1 yr)
0.25%
Appreciation (1 yr)
-4.75%
Appreciation (5 yr)
37.85%
Appreciation (10 yr)
110.63%
Job Growth
1.51%
LTR Rentability
Very High
STR Demand
58
STR Rentals
136
Top Public Schools
BBob & Lola Sanford Elementary School
BHowe 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
Best Places to Retire in Texas
#278out of 706 markets
Most Diverse Places to Live in Texas
#257out of 1052 markets
Places with the Best Public Schools in Texas
#374out of 707 markets
B-
Public School
D
Crime And Safety
C
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 Sherman, TX.
In Sherman, TX, Short Term Rental (STR) regulations are governed by the city's Code of Ordinances. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Registration and Licensing: All STR properties in Sherman must be registered with the city and obtain a short-term rental license. This license must be renewed annually.
2. Zoning Restrictions: STR properties must be located in areas zoned for short-term rentals. Investors should check the city's zoning map to ensure the property is in a permissible location.
3. Occupancy Limits: The city of Sherman imposes occupancy limits on STR properties to prevent overcrowding and ensure the safety of guests. Investors should be aware of these limits and ensure they are adhered to.
4. Noise and Nuisance Regulations: Sherman has noise ordinances in place to prevent disturbances to neighbors. Investors should ensure that guests are aware of these regulations and take steps to prevent noise complaints.
5. Safety and Building Code Compliance: STR properties must meet all safety and building code requirements set forth by the city. Investors should ensure that the property is up to code and make any necessary improvements before renting it out.
6. Taxation: Investors should be aware of any local taxes or fees that apply to STR properties in Sherman. This may include occupancy taxes, sales taxes, or other fees.
By familiarizing themselves with these regulations and ensuring compliance, investors can avoid potential fines and legal issues when operating a Short Term Rental property in Sherman, TX.
Market Trends Over Time
Explore 25 years of market data for Sherman, 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 Sherman, TX.
The LTR Genie Score of Sherman, TX is 63 and STR Genie Score is 49, indicating a moderate and low rating respectively. The high LTR Rentability and LTR Net ROI of 19.1% suggest that long-term rental investment in Sherman, TX could be a profitable venture. However, the low STR Genie Score and STR Net ROI of 21.64% may indicate that short-term rental investment in this market may not be as lucrative.
Sherman, TX is a growing city located in North Texas with a strong economy driven by industries such as healthcare, education, and manufacturing. The city offers a mix of urban amenities and a suburban feel, making it an attractive location for real estate investment.
Based on the metrics provided, Sherman, TX seems to be more suitable for long-term rental investment rather than short-term rental investment. With a high LTR Rentability and LTR Net ROI, real estate investors may find success in purchasing properties for long-term rental purposes in this market. However, it is important to conduct further research and due diligence to fully assess the potential for investment in Sherman, TX.
LTR Genie Score 93
$159,900
🛏 3 Beds🛁 2.0000 Baths🏙 1,711 sqft.🏠 SINGLE FAMILY
