Muleshoe, TX

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

3 / 4

Reliable / Active

Cap Rate

14%

Middle-Earners Gross Yield

Revenue

$21,014

Middle-Earners Revenue

Occupancy

84%

Middle-Earners Occupancy

Home Value

$148,314

Median Home Sale Price

Top Earners

$28,284

Top-Earners Revenue

Muleshoe

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Muleshoe.

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F

Irrelevant

Muleshoe Regulations

The provided content covers Texas ADU rules and does not discuss Muleshoe (Bailey County) STR regulations (zoning, licensing, caps, fees, enforcement), so it is not applicable to an STR investor in that city.

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About Muleshoe

Muleshoe sits in the high plains of the Texas Panhandle, serving as the seat of Bailey County. With a population of approximately 5,000 residents, it functions as a quiet agricultural hub, surrounded by cotton fields and ranchland on the southern edge of the Llano Estacado. The town takes its name from a 19th-century mule shoe brand found by an early rancher on the surrounding range, and it serves today as a gateway for travelers exploring one of North America's great bird migrations. Muleshoe lies roughly 70 miles northwest of Lubbock, the nearest major city, with Clovis, New Mexico, sitting about 40 miles to the west across the state line.

The defining attraction just west of town is the Muleshoe National Wildlife Refuge, established in 1935 as the oldest national wildlife refuge in Texas. Spanning several thousand acres of restored native grasslands and playa lakes, the refuge hosts the largest wintering population of sandhill cranes in the United States each fall and winter, often drawing tens of thousands of the birds at peak season. Visitors come for self-guided wildlife drives, photography blinds, and the sound of crane calls at dawn echoing across the flats. The refuge is a short drive of roughly 15 to 20 minutes from downtown Muleshoe, making it an easy half-day excursion for vacation rental guests.

About an hour and a half to the southeast, Lubbock offers a welcome change of pace for day-trippers. Home to Texas Tech University, the city features the Buddy Holly Center, the Silent Wings Museum (dedicated to World War II glider pilots who trained at the former South Plains Army Airfield), and the well-known Prairie Dog Town in Mackenzie Park. Guests looking to combine a quiet rural stay with a larger city's museums, restaurants, and university energy will find the balance appealing.

Farther afield, Palo Duro Canyon State Park lies roughly 160 miles north of Muleshoe near Canyon, Texas. Known as the Grand Canyon of Texas, the park showcases layered red-rock walls, miles of hiking and biking trails, horseback riding, and a long-running outdoor musical drama each summer. The drive runs close to three hours, making it a feasible overnight side trip for guests who want to pair the open plains of the south with a deeper look at the Panhandle's more dramatic scenery.

Muleshoe's appeal for short-term rental owners comes from its position at the intersection of a humble, working-ranch town and a major natural attraction that draws birders, photographers, and nature lovers from across the country. The town has an unpretentious, agricultural character that contrasts with the spectacle of the nearby refuge, and its central location on the Llano Estacado puts both Lubbock's urban amenities and the Panhandle's iconic canyon landscapes within an easy day's drive. For travelers who want a peaceful base camp with access to cranes, canyon country, and West Texas culture, Muleshoe offers a distinctive alternative to the busier Panhandle destinations.

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