Texas, known for its diverse landscapes and booming economy, offers excellent opportunities for short-term rental investors. From vibrant cities to scenic coastal destinations, these markets provide strong investment potential.
Our latest tool, Chalet Intel, provides comprehensive insights and strategies tailored to investors at all experience levels. It includes a calculator, regulation overview, and much more for each market discussed. Links will be provided for each market, allowing you to conduct a more detailed analysis on your own.
1. Corpus Christi, Texas
Corpus Christi, TX is a popular coastal destination known for its beautiful beaches and iconic attractions like the Texas State Aquarium and the USS Lexington, drawing beachgoers and history enthusiasts alike.
Corpus Christi has seen a slight decline in home values by -1.10%, with the average home price now at $218,426. The Average Daily Rate (ADR) stands at $160.88, while the occupancy rate is 53.66%. With 1,535 active listings, short-term rentals generate an annual revenue of $35,107. Investors can expect an impressive gross yield of 16.07% and a cap rate of 9.64%, while property taxes are approximately 1.86%.
Corpus Christi continues to provide strong rental performance and attractive returns for short-term rental investors.
2. Galveston, Texas
Galveston, TX is a beloved coastal destination offering a serene getaway for vacationers seeking relaxation by the Gulf.
Galveston has seen a slight decline in home values by -3.39%, with the average home price at $342,003. The Average Daily Rate (ADR) sits at $275.40, paired with an occupancy rate of 51.82%. With 3,313 active listings, the market generates an annual revenue of $44,257. Investors can expect a strong gross yield of 12.94% and a cap rate of 7.76%, while property taxes are approximately 1.62%.
Check out our Galveston STR Market Insights for a deeper dive into our analysis of this short-term rental market.
