LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,946
Monthly Cash Flow
-$932
Principal + Equity
$2,789
Annual Total Gain
$22,284
Cash on Cash
-9.32%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Most Diverse Suburbs in California
#87out of 526 markets
Most Diverse Places to Live in California
#305out of 1762 markets
Best Suburbs for Young Professionals in California
#284out of 526 markets
B
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Turlock, CA.
In Turlock, CA, short term rentals (STRs) are regulated by the city's Municipal Code. Investors looking to purchase a property for short term rental purposes should be aware of the following regulations:
1. Permit Requirement: STR operators in Turlock are required to obtain a permit from the city before operating their rental property. The permit application process typically involves submitting an application, paying a fee, and meeting certain criteria set by the city.
2. Zoning Restrictions: The city of Turlock has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
3. Occupancy Limits: The city of Turlock has established occupancy limits for STRs to prevent overcrowding and maintain neighborhood quality of life. Investors should be aware of these limits and ensure that their property complies with them.
4. Noise and Nuisance Regulations: Turlock has noise and nuisance regulations in place to address any disturbances caused by short term rental properties. Investors should familiarize themselves with these regulations and take steps to ensure that their property does not cause any disruptions to the surrounding community.
5. Taxation: Short term rental operators in Turlock are required to collect and remit transient occupancy taxes to the city. Investors should be aware of their tax obligations and ensure that they are in compliance with all relevant tax laws.
By being aware of and complying with these regulations, investors can ensure that their short term rental property in Turlock operates smoothly and successfully. It is recommended to consult with a local real estate attorney or property management company to fully understand and navigate the regulations in place for short term rentals in Turlock.
Market Trends Over Time
Explore 25 years of market data for Turlock, CA, 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 Turlock, CA.
The LTR Genie Score of Turlock, CA is 55, indicating a moderate level of attractiveness for long-term rental investments. On the other hand, the STR Genie Score is 41, suggesting a lower level of attractiveness for short-term rental investments. The LTR Rentability is high, which is a positive indicator for long-term rental investors. However, the STR Revenue and occupancy rate are relatively low, contributing to the lower STR Genie Score.
Turlock, CA is a city located in the heart of California's Central Valley, known for its agricultural roots and vibrant community. With a 1-year price appreciation forecast of 0.6%, the market may not experience significant growth in property values in the near future.
Based on the metrics provided, Turlock, CA appears to be more suitable for long-term rental investments due to its high LTR Rentability and net ROI. Short-term rental investors may find the market less favorable due to lower STR Revenue and occupancy rates. It is recommended for real estate investors to consider long-term rental opportunities in Turlock, CA for potentially higher returns on investment.
