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Very Investor friendly
STRs are permitted citywide in Hico with no identified city or county ordinance prohibiting or strictly limiting them, and the only compliance requirements are standard state (6% HOT) and any local tax registration; the process is straightforward and investors face no meaningful caps or costly permits.
Local STR Agent
STR specialist · Hico, TX
Hico, Texas sits in Hamilton County in the rolling prairie and oak-shaded country of central Texas, with a population of approximately 1,300 residents. The small town has a relaxed, lived-in small-town character and is best known for its longstanding claim to a connection with Billy the Kid — local legend holds that the outlaw escaped his supposed death in New Mexico and lived out his years in Hico under the name Brushy Bill Roberts, dying in 1950. Hico also serves as a waypoint between the Dallas–Fort Worth metroplex and the Hill Country, sitting roughly 90 miles southwest of Fort Worth along back roads that road-trippers use to reach the Highland Lakes and beyond.
The Billy the Kid Museum occupies a building on the town's historic main square and holds a sprawling collection of Western memorabilia, period firearms, photographs, and personal items tied to Brushy Bill and the local claim. The surrounding square retains much of its early-twentieth-century character, with antique shops, an old-fashioned soda fountain, and a handful of cafes that double as gathering places for locals and passing travelers. The museum is the centerpiece of Hico's identity and the most common reason visitors slow down here.
Roughly an hour's drive east, Dinosaur Valley State Park near Glen Rose offers a dramatic change of pace, with real dinosaur tracks preserved in the limestone bed of the Paluxy River and miles of wooded trails for hiking, mountain biking, and horseback riding. The park pairs naturally with a stop at Fossil Rim Wildlife Center just down the road, a drive-through safari where visitors can see giraffes, cheetahs, and other species from the car window. Together the two make an easy day trip from Hico for families and outdoor-minded guests.
About 25 miles to the northwest, the town of Hamilton — the county seat — anchors a quiet courthouse square and a small but growing local food and wine scene. A bit farther afield, Lake Whitney lies roughly an hour north, a sprawling reservoir known for fishing, boating, and bluff-side cabins that pull weekenders out of the Metroplex. Closer in, the ranchland and oak-dotted hills surrounding Hico make for gentle scenic drives and a low-key alternative to busier Hill Country destinations.
For short-term rental owners, Hico's appeal is its unhurried pace and its position at the crossroads of several popular Texas drives. Visitors come for the Billy the Kid legend, the surrounding ranch scenery, and the proximity to state parks, lakes, and the Dinosaur Valley corridor — and they do it all without the crowds or pricing pressure of the larger gateway towns farther south.