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Wichita Falls, 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
$1,160
Monthly Cash Flow
-$217
Principal + Equity
$1,036
Annual Total Gain
$9,834
Cash on Cash
-6.06%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$115
Occupancy Rate
53.33%
Monthly Revenue
$1,324
Monthly Cash Flow
-$251
Principal + Equity
$1,036
Annual Total Gain
$9,415
Cash on Cash %
-7.04%
Net ROI %
Market Health & Growth
Median Income
$58,568
Population
102,558
LTR Renter %
43%
Forecast (1 yr)
1.7%
Appreciation (1 yr)
0.45%
Appreciation (5 yr)
43.1%
Appreciation (10 yr)
84.65%
Job Growth
2.36%
LTR Rentability
Moderate
STR Demand
66
STR Rentals
305
Top Public Schools
BBradford Elementary School
BW.F. George 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 Cities to Retire in America
#56out of 229 markets
Best Cities to Buy a House in America
#7out of 229 markets
Cities with the Lowest Cost of Living in America
#2out of 229 markets
B
Public School
C-
Crime And Safety
B
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 Wichita Falls, TX.
In Wichita Falls, 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: STRs are only allowed in certain zoning districts in Wichita Falls. Investors should check the city's zoning map to ensure that the property they are interested in is located in a zone where STRs are permitted.
2. Permitting Requirements: Investors must obtain a Short Term Rental Permit from the city before operating a STR. The permit application process typically involves submitting an application, paying a fee, and meeting certain requirements such as providing proof of insurance and complying with building and safety codes.
3. Occupancy Limits: The city of Wichita Falls has occupancy limits for STRs, which specify the maximum number of guests allowed to stay in a property at any given time. Investors should ensure that their property complies with these limits to avoid fines or penalties.
4. Noise and Nuisance Regulations: STRs in Wichita Falls are subject to noise and nuisance regulations, which prohibit excessive noise, disturbances, and other activities that may disrupt the peace and quiet of the neighborhood. Investors should inform their guests of these regulations to avoid complaints from neighbors.
5. Taxation: Investors should be aware of the tax implications of operating a STR in Wichita Falls. This may include collecting and remitting occupancy taxes, sales taxes, and other local taxes as required by the city and state.
6. Code Compliance: Investors should ensure that their property meets all building, safety, and health codes required for STRs in Wichita Falls. This may involve obtaining inspections and certifications from the city's code enforcement department.
By being aware of and complying with these regulations, investors can avoid potential legal issues and ensure a smooth and successful operation of their Short Term Rental property in Wichita Falls, TX.
Market Trends Over Time
Explore 25 years of market data for Wichita Falls, 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 Wichita Falls, TX.
The LTR Genie Score of Wichita Falls, TX is 67 and STR Genie Score is 55, indicating a moderate level of rentability for long-term rentals and slightly lower for short-term rentals. The LTR Net ROI of 22.92% suggests a strong return on investment for long-term rental properties, while the STR Net ROI of 21.95% is also attractive. The 1-Year Price Appreciation Forecast of 1.7% indicates potential for property value growth in the near future.
The LTR Genie Score is higher than the STR Genie Score, which could be due to factors such as higher occupancy rates and revenue for long-term rentals compared to short-term rentals in Wichita Falls. The STR Occupancy rate of 53.33% and STR Revenue of 1324 suggest that there may be some room for improvement in the short-term rental market in this area.
Overall, Wichita Falls, TX appears to be a promising market for both long-term and short-term rental investments. With a strong LTR Net ROI and potential for property value appreciation, real estate investors may find opportunities for profitable investments in this area. It is recommended for investors to conduct further research and analysis to determine the best investment strategy based on their financial goals and risk tolerance.
LTR Genie Score 93
$200,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,794 sqft.🏠 SINGLE FAMILY