Monahans, TX

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Monahans short-term rental market based on reliable data.

Listings

12 / 42

Reliable / Active

Cap Rate

14%

Middle-Earners Gross Yield

Revenue

$28,294

Middle-Earners Revenue

Occupancy

71%

Middle-Earners Occupancy

Home Value

$205,804

Median Home Sale Price

Top Earners

$42,485

Top-Earners Revenue

Monahans

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Monahans.

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B

Generally Investor friendly

Monahans Regulations

STRs appear to be allowed citywide with only basic state-level compliance (hotel occupancy tax registration, sales tax, and local business registration) and no identified caps, quotas, or extensive permitting; the biggest uncertainty is zoning verification and any local hotel occupancy tax but these are straightforward to confirm and manage.

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About Monahans

Monahans sits in the heart of the Permian Basin in West Texas, serving as the largest community in Ward County. The city has a population of roughly 6,000 to 7,000 residents and carries the laid-back, hard-working character typical of small Texas oil-and-gas towns, with wide streets, a compact historic downtown, and a steady rhythm shaped by the energy industry. It is best known as the gateway to the striking Monahans Sandhills and as a convenient overnight stop for travelers crossing the long stretch of Interstate 20 between Fort Worth/Dallas and El Paso. The nearest major metropolitan area is the Midland–Odessa combined urban area, located approximately 35 to 40 miles to the northeast, or roughly a 45-minute drive.

Just east of town, Monahans Sandhills State Park is the area's marquee draw and the reason many visitors first hear of Monahans. The park protects several thousand acres of shifting sand dunes that rise above the surrounding mesquite and brush country, and it offers picnicking, camping, and one of the few places in Texas where visitors can rent sand disks to slide down the dunes. The entrance is only about 10 to 15 minutes from central Monahans, making it an easy half-day or full-day excursion for short-term rental guests.

Within the city itself, the Million Barrel Museum reflects the petroleum heritage that defines the region. Housed in a former steel crude-oil storage tank that once held one million barrels of oil, the museum displays artifacts from the early days of Permian Basin drilling, along with a collection of antique cars, period household items, and a recreated boomtown street. The museum sits just minutes from most lodging in Monahans, making it a natural stop for guests interested in the local history.

Roughly an hour to the northeast, the Midland–Odessa metro area offers a broader range of dining, shopping, and cultural attractions, including the Permian Basin Petroleum Museum, the McDonald Observatory's visiting center programs, and a growing arts and restaurant scene centered around downtown Midland. This proximity gives Monahans visitors the option of a quieter, small-town stay with a short drive into a much larger city's amenities, and the I-20 corridor location places both the Davis Mountains and Guadalupe Mountains within reach for longer day trips.

Monahans makes a compelling base for short-term rentals because it offers a genuine, slow-paced West Texas experience anchored by one of the state's most distinctive natural landscapes, while still keeping the conveniences of the Permian Basin's largest cities within an hour. Its combination of a memorable natural attraction, a tangible oil-era history, and easy highway access makes it well suited for travelers seeking something a little different from the usual Texas tourist circuit.

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