South Central3.0% avg cap rateLive · 40 active listings

Austin, TX

Live music capital of the world - SXSW and events-driven STR

Austin is one of the most event-dense STR markets in the country. SXSW, Austin City Limits, Formula 1 at COTA, and a packed convention calendar drive ADR spikes that rival any US market. The city has a complex and evolving STR licensing framework - non-owner-occupied Type 2 licenses are capped in residential zones - which creates scarcity value for permitted properties. Tech industry growth continues to fuel baseline demand.

3.0%
Avg Cap Rate
Net operating income / price
53%
Avg Occupancy
Annual average
$590
Avg Nightly Rate
All property types
$2.7M
Avg List Price
STR-viable properties

40 active listings in Austin are analyzed and ranked right now

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Estimated Annual Performance

Gross rental revenue
53% occ × $590/night
$113,059
Est. operating expenses
Mgmt, cleaning, supplies, insurance (~40%)
- $45,224
Est. net operating income
Before mortgage & depreciation
$67,835
At $2.7M avg price
Implied cap rate
2.5%

* Estimates based on market averages. Individual property performance varies. Always run a full underwriting analysis.

Why Investors Choose Austin

SXSW and ACL Festival weeks produce some of highest ADR spikes nationally
Formula 1 US Grand Prix fills every STR within 30 miles of COTA
Type 2 (non-owner-occupied) STR licenses capped - verify availability
No Texas state income tax on rental income
Peak season: Mar (SXSW), Oct (ACL/F1), summer
Top property types: Single Family, Condo, Bungalow, Townhouse
Primary zip: 78701, 78702, 78703, 78704, 78741

Market averages, not guarantees. Cap rates, occupancy, and nightly rates are market-wide averages based on active STR listings and historical data. Individual property performance depends on location, amenities, management, and listing quality. Always run a full underwriting analysis before purchasing.Stats sourced from 40 active listings · last updated Jul 17, 2026

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