Texas
As the second-largest state, Texas offers the most unique landscape regarding SFR real estate investing. While a surge in population has increased demand, Texas remains one of the lowest barriers to entry, with a median home value of $337,8001. Its array of markets makes it the perfect option for new and experienced SFR investors to find success.
Markets like Houston, El Paso and Fort Worth have all experienced steady year-over-year growth in average SFR rents. Houston led the way with a 3.4% increase, pushing average rents to $2,291. El Paso followed with a 3.1% jump to $1,710, while Fort Worth saw a more modest 1.1% rise, bringing average rents to $2,1412. With affordable property values, consistent demand and rising rents, these markets offer tremendous upside for investors.
While average SFR rents remained stagnant or dipped slightly year-over-year in major metros like Austin, Dallas and San Antonio, these markets remain prime investment opportunities due to consistent rental demand, strong job growth and long-term appreciation potential.
Texas offers a range of markets ideal for STRs, but Arlington stands out as a top choice. AirDNA gave it a market score of 91 out of 100. With an average annual revenue of $34,200, up 14% YoY3, Arlington presents a solid opportunity in Texas’s STR landscape.
Texas SFR investors trust Visio Lending for fast and flexible financing to scale their portfolios. Headquartered in Austin and backed by years of expertise and a streamlined process, we’ve helped thousands of investors secure nearly $400 million in this growing market.
Sources:
1: Redfin
2: Rentometer
3: AirDNA
