Houston, TX, is one of the fastest-growing cities in the United States, and its short-term rental market has been steadily growing alongside the city. According to recent data from Chalet, there are currently 9,108 active short-term (Airbnb) rentals in Houston, and the supply has increased by 0.32% in recent years.
This blog post will provide a comprehensive overview of the Airbnb rental market in Houston, TX, including market statistics, regulatory environment, and other relevant information.
Market Statistics for Short-Term Rentals
Houston’s housing market has been appreciating steadily in recent years, with homes appreciating 0.32%, according to Zillow. The median home value in Houston is $264,520, and the average property tax is 1.91%, according to SmartAsset. These statistics suggest that investing in a Airbnb rental property in Houston could be a wise financial decision, given the city’s healthy real estate market.
According to Chalet, Houston currently has 9,108 active short-term rentals. The occupancy rate for these rentals is 59%, with an average daily rate of $176.82. The average gross yield for these properties is 11.07%, and the annual revenue for a short-term (Airbnb) rental in Houston is $31,026. These statistics suggest that investing in a short-term (Airbnb) rental property in Houston could be a lucrative financial decision, given the high demand for these types of properties in the city.
Short-Term Rental Regulation
One of the main factors contributing to the growth of the short-term (Airbnb) rental market in Houston, TX, is the investor-friendly regulatory environment. Houston, TX, is in Harris County, where Airbnb rentals are permitted with minimal regulation. This regulatory environment makes it easy for investors to purchase and operate short-term rental properties in Houston, contributing to the city’s growing supply of short-term rental properties.
Median Income & Climate
The median household income in Houston, TX, is $56,019, according to the U.S. Census Bureau.
Houston, TX has a humid subtropical climate with hot summers and mild winters. The city is prone to severe weather, including thunderstorms, hurricanes, and tornadoes. These weather patterns may impact the demand for short-term (Airbnb) rental properties in Houston, depending on the season.
Population Size
Houston, TX, is the largest city in the state of Texas and the fourth-largest city in the United States. According to the U.S. Census Bureau, the population size of Houston, TX, is estimated to be 2.3 million people. Houston is a diverse city with a large population of African-American, Hispanic, and Asian residents.
