Last updated: September 2024
Welcome to the Lone Star State, where the vast landscape is dotted with vibrant cities, charming towns, and endless opportunities for adventure. Texas is a state that promises diversity not only in its geography but also in its culture, making it a prime destination for travelers from all over the world.
As the demand for unique and comfortable accommodations rises, mid-term rentals have become a popular option for many visitors, offering a home away from home experience that hotels often can’t match. Whether you’re an investor looking to tap into the lucrative world of mid-term rentals or a homeowner considering listing your property, understanding the best markets in Texas for these rentals is crucial.
Our advanced tool, Chalet Intel, delivers in-depth insights and strategies tailored for investors at all levels. It includes a robust calculator, regulation summaries, and extensive data for each discussed market. Our dashboard offers comprehensive data on both short-term and mid-term rentals, enabling you to make well-informed decisions. Links for each market are available for detailed individual analysis.
1. Houston, Texas
Houston, TX, the largest city in Texas, offers a mix of urban attractions, cultural experiences, and a thriving economy, making it a top destination for both business and leisure travelers.
Houston has seen a moderate increase in home values, with the average price now at $264,626, reflecting a 1.0% year-over-year change. The market shows promise with a median annual revenue of $24,194.50 and a monthly rate of $2,199.50. With 1,817 full-time listings and a property tax rate of 1.91%, the gross yield stands at 9.14%.
To delve deeper into Houston’s investment potential, check out Chalet Intel.
2. San Antonio, Texas
San Antonio, TX, known for its rich colonial heritage and vibrant cultural scene, is a dynamic city for mid-term rentals.
San Antonio has experienced a rise in home values, now averaging $253,762, though with a slight decrease of -2.8% year-over-year. The market is robust, with a median annual revenue of $22,000 and a monthly rate of $2,000. With 1,128 full-time listings and a property tax rate of 1.99%, the gross yield here is 8.67%.
For a deeper dive into San Antonio’s investment potential, explore Chalet Intel.
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3. Dallas, Texas
Dallas, TX, known for its vibrant arts district, historic sites, and booming economy, offers a compelling environment for mid-term rental investments.
Dallas has seen a steady increase in home values, with the average price now at $307,990, reflecting a 1.5% year-over-year change. The market is promising, with a median annual revenue of $26,400 and a monthly rate of $2,400. With 3,909 full-time listings and a property tax rate of 1.81%, the gross yield stands at 8.57%.
Dive deeper into Dallas’s rental market by visiting Chalet Intel.
4. Austin, Texas
Austin, TX, known for its live music scene, tech industry, and vibrant cultural scene, is a dynamic city for mid-term rentals.
Austin has seen a notable increase in home values, with the average price now at $533,719, though with a decrease of -6.2% year-over-year. The market thrives with a median annual revenue of $26,400 and a monthly rate of $2,400. With 1,959 full-time listings and a property tax rate of 1.77%, the gross yield here is 4.95%.
For more comprehensive insights into Austin as a rental market, explore Chalet Intel.
5. South Padre Island, Texas
South Padre Island, TX, known for its stunning beaches and vibrant nightlife, is a popular destination for tourists and mid-term renters alike.
South Padre Island has seen a moderate increase in home values, with the average price now at $443,896, reflecting a 2.7% year-over-year change. The market shows promise with a median annual revenue of $21,945 and a monthly rate of $1,995. With 59 full-time listings and a property tax rate of 1.78%, the gross yield stands at 4.94%.
For more insights into South Padre Island as a rental market, explore Chalet Intel.
6. Fredericksburg, Texas
Fredericksburg, TX, known for its wineries, German heritage, and scenic beauty, is a charming destination for mid-term rentals.
Fredericksburg has seen a notable increase in home values, with the average price now at $533,563, reflecting no change year-over-year. The market thrives with a median annual revenue of $19,800 and a monthly rate of $1,800. With 70 full-time listings and a property tax rate of 1.14%, the gross yield here is 3.71%.
For more comprehensive insights into Fredericksburg as a rental market, explore Chalet Intel.
Each of these markets in Texas offers unique opportunities for mid-term rental investors, combining strong financial metrics with attractive tourist destinations. For a comprehensive overview, including detailed analyses, calculators, and regulation insights, make sure to explore our latest tool,
Each of these markets in Texas offers unique opportunities for mid-term rental investors, combining strong financial metrics with attractive tourist destinations. For a comprehensive overview, including detailed analyses, calculators, and regulation insights, make sure to explore our latest tool, Chalet Intel.
