Introduction
Crystal Beach, Texas, a beautiful coastal destination, has been steadily gaining popularity among travelers seeking a short-term escape. With its pristine beaches, serene atmosphere, and stunning Gulf Coast views, Crystal Beach has become a hot spot for vacationers looking for the perfect Airbnb rental.
In this comprehensive guide, we will delve into the short-term rental market in Crystal Beach, examining crucial data points, trends, and information that will help both potential hosts and guests make informed decisions.
Crystal Beach Housing Market Overview
Home Value Trends
For potential investors and homeowners considering the short-term rental market in Crystal Beach, it’s essential to understand the local real estate market. According to Zillow, the median home value in Crystal Beach, TX, stands at $431,315. However, it’s worth noting that home values have depreciated by -6.60%, which may impact the investment potential for prospective hosts.
Supply and Demand
Crystal Beach offers a plethora of short-term rental opportunities, with 35 active listings available, as reported by Chalet. These rentals cater to a diverse range of guests, from couples to large families, with different preferences and budgets.
Short-Term Rental Performance Metrics
Rates and Occupancy
The average daily rate for short-term rentals in Crystal Beach is $384.80, making it an attractive prospect for hosts looking to generate rental income. Additionally, the occupancy rate stands at 57%, indicating strong demand for short-term accommodations.
Revenue Potential
Chalet’s data indicates that short-term rental properties in Crystal Beach can generate an annual revenue of approximately $63,200. This figure is particularly enticing for property owners seeking to capitalize on the growing short-term rental market. The average gross yield for short-term rentals is an impressive 14.65%, suggesting that Crystal Beach offers a favorable return on investment.
Property Taxes
For property owners, understanding the financial implications of property taxes is crucial. According to SmartAsset, the average property tax rate in Crystal Beach is 1.92%, providing an insight into the ongoing costs of owning a short-term rental property in the area.
