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Waco, 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
$1,422
Monthly Cash Flow
-$144
Principal + Equity
$1,407
Annual Total Gain
$15,153
Cash on Cash
-3.61%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$197
Occupancy Rate
50%
Monthly Revenue
$2,476
Monthly Cash Flow
$538
Principal + Equity
$1,407
Annual Total Gain
$23,343
Cash on Cash %
13.47%
Net ROI %
Market Health & Growth
Median Income
$51,468
Population
141,925
LTR Renter %
51.09%
Forecast (1 yr)
0.99%
Appreciation (1 yr)
-3.36%
Appreciation (5 yr)
39.13%
Appreciation (10 yr)
113.5%
Job Growth
2.8%
LTR Rentability
Moderate
STR Demand
46
STR Rentals
789
Top Public Schools
A-Midway High School
A-South Bosque Elementary School
A-
A-
A-
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
#48out of 229 markets
Cities with the Best Public Schools in America
#72out of 229 markets
Cities with the Lowest Cost of Living in America
#59out of 229 markets
B
Public School
D
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 Waco, TX.
In Waco, TX, Short Term Rentals (STRs) are regulated by the city's zoning ordinances and code enforcement department. Here are some key regulations that investors should be aware of before purchasing a property for STR purposes in Waco:
1. Zoning restrictions: The city of Waco has specific zoning regulations that dictate where STRs are allowed to operate. Investors should check the zoning map and verify that the property they are interested in is located in a zone that permits short-term rentals.
2. Permit requirements: In Waco, property owners must obtain a Short Term Rental Permit from the city before operating an STR. The permit application process typically involves submitting documentation, paying a fee, and meeting certain requirements set by the city.
3. Occupancy limits: The city of Waco has occupancy limits for STRs, which specify the maximum number of guests allowed to stay in the property at any given time. Investors should ensure that the property they are considering purchasing complies with these occupancy limits.
4. Noise and nuisance regulations: Waco has noise and nuisance regulations in place to ensure that STRs do not disrupt the peace and quiet of residential neighborhoods. Investors should familiarize themselves with these regulations and ensure that their property complies with them.
5. Tax requirements: Property owners operating STRs in Waco are required to collect and remit hotel occupancy taxes to the city. Investors should be aware of these tax requirements and factor them into their financial projections.
6. Code enforcement: The city of Waco actively enforces regulations related to STRs, and property owners found to be in violation of these regulations may face fines or other penalties. Investors should be prepared to comply with all regulations and maintain their property in accordance with city standards.
Overall, investors interested in purchasing a property for Short Term Rental purposes in Waco should thoroughly research and understand the city's regulations and requirements to ensure a successful and compliant investment.
Market Trends Over Time
Explore 25 years of market data for Waco, 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 Waco, TX.
The LTR Genie Score of Waco, TX is 69 and STR Genie Score is 68, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is moderate, with a Rent Growth Rate of 0.0%, while the STR Net ROI is higher at 48.68%. The 1-Year Price Appreciation Forecast is positive at 0.99%, suggesting potential for property value growth. The STR Occupancy rate is 50.0% and the revenue generated is $2476.
The LTR Genie Score is slightly higher than the STR Genie Score, indicating that long-term rental investments may be slightly more favorable in Waco, TX compared to short-term rentals. This could be due to the steady rental market and potential for long-term appreciation in property values.
Waco, TX is a growing city located in central Texas, known for its strong economy, affordable cost of living, and proximity to major cities like Dallas and Austin. The real estate market in Waco has been steadily growing, making it an attractive option for investors looking for stable returns.
Based on the metrics provided, Waco, TX appears to be a promising market for both long-term and short-term rental investments. Investors may consider diversifying their portfolio by investing in both rental strategies to maximize returns. However, it is important to conduct further research and due diligence before making any investment decisions in this market.
LTR Genie Score 93
$160,000
🛏 4 Beds🛁 3.0000 Baths🏙 3,568 sqft.🏠 SINGLE FAMILY
