Grand Prairie, TX
- Overview
- Performance
- Listings
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Key Performance Metrics
Market snapshotPerformance indicators for the Grand Prairie short-term rental market based on reliable data.
Listings
250 / 723
Reliable / Active
Cap Rate
13%
Middle-Earners Gross Yield
Revenue
$40,604
Middle-Earners Revenue
Occupancy
58%
Middle-Earners Occupancy
Home Value
$308,416
Median Home Sale Price
Top Earners
$76,553
Top-Earners Revenue
Grand Prairie
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Grand Prairie.
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Generally Investor friendly
Grand Prairie Regulations
Grand Prairie allows short‑term rentals citywide but requires a $480 non‑refundable permit, documentation (floor/parking plans, insurance, owner affidavit), an on‑site inspection, posting and advertising disclosures, 200‑foot neighbor notices, and monthly filing/remittance of a 7% hotel occupancy tax. No explicit caps or pauses are mentioned, so compliance is moderate and predictable—supporting operation with a manageable burden.
Local STR Agent
STR specialist · Grand Prairie, TX
About Grand Prairie
Grand Prairie, Texas is a city situated in the heart of the Dallas-Fort Worth Metroplex. According to the U.S. Census Bureau, as of 2021, Grand Prairie's population is approximately 200,000 residents. The city is conveniently located about 12 miles west of downtown Dallas and 20 miles east of downtown Fort Worth, making it an attractive location for short-term rentals due to its accessibility to major urban centers.
One notable landmark in Grand Prairie is the Verizon Theatre at Grand Prairie, known for hosting a variety of live performances ranging from concerts to comedy shows. More information about the venue can be found on their website: Verizon Theatre at Grand Prairie.
The city is also home to the Lone Star Park, a premier horse racing track that attracts visitors year-round. You can explore current events and schedules on their official site: Lone Star Park.
For family-friendly attractions, the Epic Waters Indoor Waterpark offers a plethora of activities and is considered a top destination: Epic Waters Indoor Waterpark.
In addition, Grand Prairie boasts several outdoor recreational areas, such as the sprawling Joe Pool Lake, which is ideal for boating, fishing, and picnicking: Joe Pool Lake.
Given its strategic location, diverse entertainment options, and range of outdoor activities, Grand Prairie is a compelling choice for short-term rentals, offering visitors both the tranquility of suburban life and the vibrancy of nearby urban environments.