Introduction
Dallas is a bustling metropolitan area known for its strong economy, diverse culture, and booming real estate market. With a consistent influx of business and leisure travelers, the city presents lucrative opportunities for short-term rental investors. Here’s an in-depth look at the top-performing zip codes for short-term rental investments, focusing on gross yields, annual revenue, and Zillow home values, as well as insights into the neighborhoods they cover.
75236: Redbird & Mountain Creek
- Gross Yield: 23%
- Annual Revenue: $62,892
- Zillow Home Value: $277.0K
Zip code 75236 includes areas like Redbird and Mountain Creek, which are popular for their natural landscapes and outdoor recreation, particularly in Mountain Creek Lake Park. The area boasts the highest gross yield on this list at 23%, which, combined with an annual revenue of $62,892, makes it a highly attractive option for investors. Zillow home values in this area average $277.0K, providing a relatively affordable entry point for investing. The proximity to green spaces and a growing residential community make this a promising area for rental demand.
75212: West Dallas & Trinity Groves
- Gross Yield: 21%
- Annual Revenue: $49,432
- Zillow Home Value: $237.2K
West Dallas, represented by zip code 75212, has been experiencing significant development and revitalization, particularly around Trinity Groves, a popular dining and entertainment district. With a gross yield of 21% and an annual revenue of $49,432, this area is appealing for investors looking to tap into a neighborhood that’s on the rise. Zillow home values average $235.6K, making it one of the more affordable areas on this list. The ongoing investments in infrastructure and business development continue to drive demand for short-term rentals.
75253: Southeast Dallas
- Gross Yield: 20%
- Annual Revenue: $52,356
- Zillow Home Value: $266.8K
Zip code 75253 covers parts of Southeast Dallas, a more suburban and quiet area that attracts families and travelers looking for a slower-paced environment. The gross yield here is 20%, and annual revenue stands at $52,356, indicating that the area offers solid investment potential. Zillow home values are $266.8K, suggesting an investment-friendly price point. This neighborhood’s appeal lies in its blend of residential comfort and easy access to major highways leading into the heart of Dallas.
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75249: Southwest Dallas & Cedar Hill
- Gross Yield: 14%
- Annual Revenue: $41,210
- Zillow Home Value: $292.7K
Zip code 75249 covers parts of Southwest Dallas and Cedar Hill, offering proximity to natural attractions like Cedar Hill State Park. The gross yield is 14%, and the annual revenue comes in at $41,210. Zillow home values are slightly higher at $292.7K, but the area’s natural beauty and outdoor recreational activities make it an appealing choice for travelers. The peaceful surroundings and family-friendly atmosphere make it a strong contender for short-term rental investments focused on nature enthusiasts and weekend getaways.
Conclusion
These zip codes represent some of the best opportunities for short-term rental investments in Dallas, each with its unique characteristics and appeal to travelers. From urban development hubs to suburban retreats, Dallas offers diverse options for maximizing rental income.
