AirDNA Names Galveston a Top 5 Market Next 5 yrs

[Quinn Olivarez]

Galveston is among several other TX markets on AirDNA's ranking of best vacation rental markets in the next five years. Fredericksburg tops the list, followed by Corpus Christi, Galveston and South Padre. Broken Bow Lake OK rounds out the top 5. Their analysis is based on the growth of the larger metros throughout the United States that drive regional tourism into various vacation rental markets. This bodes well for all current STR operators in the region, as well as hopeful investors moving forward.

What do y'all think of the methodology AirDNA uses? Have you considered investing in any of the Texas markets, or are high insurance and property tax costs a non-starter for you?

[Robin Simon]

Quote from @Quinn Olivarez:

Galveston is among several other TX markets on AirDNA's ranking of best vacation rental markets in the next five years. Fredericksburg tops the list, followed by Corpus Christi, Galveston and South Padre. Broken Bow Lake OK rounds out the top 5. Their analysis is based on the growth of the larger metros throughout the United States that drive regional tourism into various vacation rental markets. This bodes well for all current STR operators in the region, as well as hopeful investors moving forward.

What do y'all think of the methodology AirDNA uses? Have you considered investing in any of the Texas markets, or are high insurance and property tax costs a non-starter for you?

I think a big value for Galveston (despite its warts) is that it is an ideal STR market for a recession/downturn (that hasn't quite seem to come yet despite lots of people predicting it, but it might be finally here). Perfect STR market for people "cutting back" from Carribean/Mexican/US Coastal vacation trips to drivable, more affordable trips from Houston/Austin/San Antonio (even DFW). Thats the overwhelming bull case for Galveston IMO