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Tavares, FL 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
$1,875
Monthly Cash Flow
-$103
Principal + Equity
$2,232
Annual Total Gain
$25,543
Cash on Cash
-1.58%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$167
Occupancy Rate
51.73%
Monthly Revenue
$2,095
Monthly Cash Flow
-$198
Principal + Equity
$2,232
Annual Total Gain
$24,408
Cash on Cash %
-3.03%
Net ROI %
Market Health & Growth
Median Income
$57,644
Population
19,738
LTR Renter %
24.84%
Forecast (1 yr)
0.9%
Appreciation (1 yr)
-2.41%
Appreciation (5 yr)
41.5%
Appreciation (10 yr)
108.05%
Job Growth
6.53%
LTR Rentability
Very High
STR Demand
59
STR Rentals
88
Top Public Schools
BImagine Schools South Lake
BCypress Ridge Elementary 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 Florida
#162out of 660 markets
Best Suburbs for Young Professionals in Florida
#206out of 380 markets
Suburbs with the Lowest Cost of Living in Florida
#106out of 380 markets
B-
Public School
C
Crime And Safety
C
Housing
B-
Nightlife
B-
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 Tavares, FL.
Tavares, FL has specific regulations in place for Short Term Rentals (STR) that investors should be aware of before purchasing a property for this purpose. Some key regulations include:
1. Zoning Restrictions: Tavares has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering is located in a zone that permits short term rentals.
2. Licensing and Permits: In Tavares, property owners are required to obtain a Short Term Rental License in order to legally operate a vacation rental. This license must be renewed annually and there are specific requirements that must be met in order to obtain it.
3. Occupancy Limits: Tavares has occupancy limits in place for STRs, which dictate the maximum number of guests that can stay in a rental property at any given time. Investors should be aware of these limits and ensure that they are adhered to.
4. Safety and Health Regulations: Tavares has specific safety and health regulations that must be followed by STR owners, including requirements for smoke detectors, carbon monoxide detectors, and other safety features. Investors should ensure that their property meets these requirements.
5. Noise Regulations: Tavares has noise regulations in place that prohibit excessive noise and disturbances in residential areas. Investors should be aware of these regulations and ensure that their guests are respectful of their neighbors.
6. Taxation: Tavares imposes a Tourist Development Tax on short term rentals, which must be collected and remitted by property owners. Investors should be aware of their tax obligations and ensure that they are in compliance with local tax laws.
Overall, investors should thoroughly research and understand the regulations and requirements for Short Term Rentals in Tavares, FL before purchasing a property for this purpose. Failure to comply with these regulations can result in fines, penalties, and other legal consequences.
Market Trends Over Time
Explore 25 years of market data for Tavares, FL, 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 Tavares, FL.
The LTR Genie Score of Tavares, FL is 80 and STR Genie Score is 56. The LTR Genie Score is considered very high, indicating strong potential for long-term rental investment in the area. This is likely due to the high LTR Rentability and impressive LTR Net ROI of 32.51%. On the other hand, the STR Genie Score is moderate, suggesting that short-term rental investment may not be as lucrative in Tavares compared to long-term rentals. The 1-Year Price Appreciation Forecast of 0.9% also indicates steady growth in property values.
Tavares, FL is a charming city located in Lake County, known for its beautiful waterfront views and recreational activities. The area attracts tourists and residents alike, making it a desirable location for real estate investment.
Based on the metrics provided, Tavares, FL appears to be a more attractive market for long-term rental investment rather than short-term rental investment. With a high LTR Genie Score and strong LTR Net ROI, real estate investors may find success in purchasing properties for long-term rental purposes in this area. However, it is important to conduct further research and due diligence to fully assess the market and make informed investment decisions.
