Nocona, TX

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

12 / 20

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$14,404

Middle-Earners Revenue

Occupancy

48%

Middle-Earners Occupancy

Home Value

$226,544

Median Home Sale Price

Top Earners

$41,068

Top-Earners Revenue

Nocona

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Nocona.

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A

Very Investor friendly

Nocona Regulations

STRs are permitted citywide with no city permitting, inspection, or caps, and the only clear burden is state HOT registration and remittance (plus optional confirmation of any local taxes). This minimal compliance and unrestricted operating environment makes Nocona very investor‑friendly.

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About Nocona

Nocona is a small city in Montague County in north-central Texas, with a population of roughly 3,000 residents. The community has long carried a frontier character, anchored historically by cattle ranching and the leather-and-bootmaking industry that gave the town a degree of name recognition well beyond its size. Today Nocona is best known for its bootmaking heritage and as a quiet base for travelers exploring the Red River country along the Texas–Oklahoma border. The nearest major metro, the Dallas–Fort Worth area, lies approximately 100 miles to the southeast, putting Nocona within a roughly two-hour drive of one of the largest population centers in the southern United States while remaining firmly rural in feel.

A short drive north of town brings visitors to Lake Nocona, a reservoir popular with anglers, boaters, and weekend cottagers. The lake offers fishing for largemouth bass, catfish, and crappie, along with a handful of public access points, and serves as the main outdoor recreation draw for the immediate area. The shoreline and surrounding parkland give the area a relaxed lake-country atmosphere that contrasts with the dry prairie further south.

Downtown Nocona retains an early-twentieth-century streetscape of brick storefronts and modest civic buildings, and the town has leaned into its identity as a hub for Western goods and small-batch manufacturing. Visitors passing through typically find antique shops, diners, and locally owned stores clustered along the main street, reflecting a kind of authentic small-town Texas that has become increasingly rare. The community's annual events, including boots-and-western heritage gatherings, draw visitors interested in the region's ranching past and craft traditions.

Just outside the city limits, the broader region offers easy access to the Red River, the winding waterway that forms the Texas–Oklahoma border and supports a network of public access points for fishing, paddling, and wildlife watching. To the west, the larger city of Wichita Falls is about an hour's drive and provides additional restaurants, museums, and the scenic Wichita Mountains area in neighboring Oklahoma is reachable in roughly two to three hours for travelers willing to make a longer day trip. Closer to home, the rolling pastures and cedar breaks of Montague County make for pleasant low-key drives, particularly in spring when wildflowers dot the roadsides.

For short-term rental investors, Nocona offers a distinctive combination: a recognizable brand tied to a genuine craft tradition, a small but loyal visitor base drawn to the lake and Western heritage events, and relative proximity to the booming DFW metro. The town delivers an authentic slice of rural north Texas that is increasingly hard to find within a two-hour drive of a major market, making it a quietly appealing option for guests looking to slow down.

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