LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,399
Monthly Cash Flow
-$379
Principal + Equity
$1,466
Annual Total Gain
$13,043
Cash on Cash
-7.24%
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
Most Diverse Cities in America
#43out of 229 markets
Best Cities to Retire in America
#51out of 229 markets
Cities with the Lowest Cost of Living in America
#29out of 229 markets
B
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Tyler, TX.
In Tyler, TX, Short Term Rentals (STRs) are regulated by the city's Code of Ordinances. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Zoning restrictions: Tyler 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. Permit requirements: STR operators in Tyler are required to obtain a permit from the city before they can legally operate. This permit must be renewed annually and comes with a fee.
3. Occupancy limits: Tyler has occupancy limits for STRs, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they comply with them.
4. Noise and nuisance regulations: Tyler has regulations in place to address noise and nuisance complaints related to STRs. Investors should be aware of these regulations and take steps to ensure that their guests are respectful of the neighborhood.
5. Taxation: Tyler imposes a Hotel Occupancy Tax on short term rentals, which must be collected and remitted by the property owner. Investors should be aware of their tax obligations and ensure that they are in compliance with the city's tax regulations.
Overall, investors looking to purchase a property for short term rental purposes in Tyler, TX should familiarize themselves with the city's regulations and ensure that they are in compliance in order to avoid any potential legal issues.
Market Trends Over Time
Explore 25 years of market data for Tyler, 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 Tyler, TX.
The LTR Genie Score of Tyler, TX is 75, indicating a high level of attractiveness for long-term rental investment. This is likely due to the very high LTR Rentability and a solid LTR Net ROI of 20.77%. On the other hand, the STR Genie Score of 51 suggests a moderate level of attractiveness for short-term rental investment. This could be due to the slightly higher STR Net ROI of 23.36% but a lower overall score compared to the LTR Genie Score.
Tyler, TX is a growing market with a 1-Year Price Appreciation Forecast of 1.36% and a STR Occupancy rate of 51.61%. This indicates a stable market with potential for growth in both the long-term and short-term rental sectors.
Overall, Tyler, TX appears to be a favorable market for both long-term and short-term rental investments. Real estate investors may want to consider diversifying their portfolio by investing in both rental strategies to maximize their returns in this market.
LTR Genie Score 93
$152,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,834 sqft.🏠 SINGLE FAMILY
