Last updated on June 21st, 2023
best places in texas to buy rental property
Key Takeaways
- Fort Worth offers a relatively affordable housing market. On top of that, it has a strong job market and many attractions that draw plenty of visitors to the city.
- Discover the benefits real estate investors can expect when investing in short-term rentals in Fort Worth, Texas.
- Find out the top 10 neighborhoods and nearby cities in Fort Worth that you can potentially target, along with their recommended property types and Airbnb data.
Introduction
Fort Worth is situated in the North Central part of the state of Texas, right next to the big city of Dallas. The city offers plenty of enjoyable leisure activities around the city, so there’s always something fun to do. On top of that, Fort Worth conveys a 19th-century vibe that allows you to experience the fascinating cowboy spirit of the city’s surroundings.
In addition to this, Airbnb occupancy rates in Texas cities state that Fort Worth is one of the best cities to invest in real estate! This city offers an occupancy rate of 65% which is the second-highest among all major cities in Texas.
Still, investors may wonder which areas are profitable for investment properties in Forth Worth, right?
Take it easy because, in this article, we’ll reveal the best places to buy a rental property in Fort Worth, Texas., We’ll also feature what to expect when investing in real estate in this city. Want to learn more? Then continue reading!
Perks of investing in real estate in Fort Worth, Texas
Starting an Airbnb business in Fort Worth is a fantastic way of achieving financial freedom since it offers a good return on investment to investors. Fort Worth is a modern city with a cowboy charm that’s truly enchanting. But what advantages does this city offer to Airbnb hosts?
Check out some of the reasons why buying a rental property in Fort Worth is a magnificent idea:
Real estate value
While the housing value in North Texas has increased considerably as demand for properties has increased, Fort Worth’s real estate market remains quite affordable compared to major cities in the state. The median property price is $305K, trending up 9.1% year-over-year according to Zillow Index.
Plethora of job opportunities
Aside from Dallas and Houston, Forth Worth’s job market is one of the strongest in the US with many major corporations and startups. Professionals are naturally attracted to the variety of employment opportunities that the city offers. Currently, the unemployment rate in the city is 3.2%, which is slightly lower than the US average.
Plenty of things to do
Fort Worth offers much more than one first meets the eye! You will never run out of interesting things to do in this city. Whether you prefer visiting a historical site or having an exciting day in a water park, Forth Worth will surely have something for you.
There are plenty of museums, parks, shopping options and restaurants, so it’s clear why so many tourists come here each year. In fact, the city welcomes more than 9M visitors per year as confirmed by Visit Forth Worth website.
Is Airbnb Profitable in Fort Worth, TX?
Real estate investors don’t have to worry because Airbtics confirms that investing in real estate in Forth Worth is profitable. But in spite of that, we must mention that the level of profitability depends on the property type and location.
According to Airbtics’ data, an Airbnb host can expect an average annual revenue of $43,032 and a median occupancy rate of 72% for operating a 2-bedroom property in Fort Worth.
10 Best Places to Buy Rental Properties near Fort Worth, Texas
Fort Worth is the 5th largest city in Texas state and the 13th one in the US. It has around 32 amazing neighborhoods. Thus, it’s a struggle to choose the right place to set up your rental property in Fort Worth, Texas.
Check out the best neighborhoods and nearby cities in Fort Worth that are recommended for Airbnb investment properties:
1. Sunset Heights, Fort Worth
- Total Number of Airbnb Listings: 15
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $289,500
- Airbnb Annual revenue: $77,842
- Gross rental yield: 26.89%
2. Downtown Fort Worth
- Total Number of Airbnb Listings: 30
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $295,000
- Airbnb Annual revenue: $72,011
- Gross rental yield: 24.41%
3. Fairmount-Southside Historic District, Fort Worth
- Total Number of Airbnb Listings: 64
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $355,000
- Airbnb Annual revenue: $52,679
- Gross rental yield: 18.07%
4. Arlington Heights, Fort Worth
- Total Number of Airbnb Listings: 38
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $415,000
- Airbnb Annual revenue: $73,881
- Gross rental yield: 17.80%
5. Bluebonnet Hills, Fort Worth
- Total Number of Airbnb Listings: 23
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $435,000
- Airbnb Annual revenue: $67,874
- Gross rental yield: 15.60%
6. Arlington, TX
- Distance from Fort Worth: 15 miles
- Total Number of Airbnb Listings: 348
- Best bedroom size: 4 bedrooms
- Median property price (4 bedrooms): $325,000
- Airbnb Annual revenue: $57,926
- Gross rental yield: 17.82%
7. Dallas, TX
- Distance from Fort Worth: 32 miles
- Total Number of Airbnb Listings: 3,647
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $315,000
- Airbnb Annual revenue: $57,372
- Gross rental yield: 18.21%
8. Denton, TX
- Distance from Fort Worth: 34 miles
- Total Number of Airbnb Listings: 133
- Best bedroom size: 4 bedrooms
- Median property price (4 bedrooms): $406,700
- Airbnb Annual revenue: $76,598
- Gross rental yield: 18.83%
9. Waco, TX
- Distance from Fort Worth: 83 miles
- Total Number of Airbnb Listings: 343
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $223,000
- Airbnb Annual revenue: $60,679
- Gross rental yield: 27.21%
10. Killeen-Temple, TX
- Distance from Fort Worth: 110 miles
- Total Number of Airbnb Listings: 491
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $194,500
- Airbnb Annual revenue: $33,693
- Gross rental yield: 17.32%
Conclusion
We can conclude that the real estate market in Fort Worth and the nearby cities in Texas offer a variety of property options. There are many profitable areas where investors can earn a good passive income by owning an Airbnb listing.
While there are plenty of neighborhoods and nearby cities in Fort Worth with high rental yields and annual revenue, it is worth mentioning that you should still analyze your options.
Now that you have a better view of the best places to buy a rental property in Fort Worth, Texas, go ahead and check our Airbnb profit estimator. Take advantage of the digital era by making use of the best analytics tool to maximize your profitability now!
Explore The Most Profitable Airbnb Locations Near Fort Worth
