Richland, TX

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

138 / 304

Reliable / Active

Cap Rate

20%

Middle-Earners Gross Yield

Revenue

$48,550

Middle-Earners Revenue

Occupancy

67%

Middle-Earners Occupancy

Home Value

$244,809

Median Home Sale Price

Top Earners

$89,287

Top-Earners Revenue

Richland

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Richland.

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C

Challenging to Investors

Richland Regulations

New STRs are limited to multi‑family, commercial, and TOD districts; single‑family neighborhoods are barred, and multi‑family units are capped at 5% of the complex—tight supply and zoning constraints for investors. The regime requires an annual permit, initial and quarterly inspections, a local contact who must respond within 60 minutes, and quarterly HOT remittance, with fines up to $2,000 and revocation after multiple violations, creating moderate-to-high compliance costs and risk. The city provides clear guidance and a defined process, but the restrictive zones and cap, together with active inspections and enforcement, make the environment challenging rather than broadly friendly.

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About Richland

Richland is a small community situated in Navarro County in north-central Texas, with a population of just a few hundred residents. It has the laid-back, rural character typical of the small towns scattered across this stretch of the Blackland Prairie, where wide skies, open farmland, and a quiet pace of life set the tone. The town is best known as a quiet jumping-off point for visitors heading to the Richland-Chambers Reservoir, one of the largest inland bodies of water in Texas, and it sits roughly sixty to seventy miles southeast of Dallas, making it a practical countryside escape within easy reach of a major metropolitan area.

The main draw in the immediate area is the Richland-Chambers Reservoir, just a short drive east of town. The lake covers a substantial expanse of Navarro and Freestone counties and is popular for fishing, boating, and lakeside camping, with several public access points and marinas along its shoreline. Visitors who enjoy freshwater angling come for largemouth bass, catfish, and crappie, and the calm waters make it a family-friendly alternative to busier Texas lakes.

To the northwest, the city of Corsicana serves as the county seat of Navarro County and offers the closest concentration of dining, shopping, and small-city amenities to Richland. Corsicana has a historic downtown with restored brick storefronts, and it is also home to the Pearce Museum and the Pioneer Village, which together tell the story of the region's oil and pioneer heritage. The drive from Richland into Corsicana is short, generally under twenty minutes depending on the route.

A bit farther afield, the broader region between Dallas and Waco provides additional day-trip options. To the west, the town of Mexia and the Fort Parker State Park offer hiking, biking, and lake activities on the shores of the Navasota River. To the northwest, the rolling hills and lakes of the Texas Hill Country begin to take shape, and weekend travelers can make their way toward Waco for the Magnolia Market at the Silos, the Cameron Park Zoo, and the Dr Pepper Museum. Both Dallas and Waco are reachable in roughly an hour and a half by car, opening up significant urban and cultural amenities to anyone based in Richland.

For short-term-rental owners, Richland offers a compelling combination of rural tranquility, lakefront recreation, and proximity to two of Texas's most visited cities. Guests who want to fish or boat on Richland-Chambers Reservoir, explore small-town Texas, and still take day trips to Dallas or Waco will find the location ideally suited to a varied itinerary, and the relaxed setting gives the area a year-round appeal beyond the peak summer lake season.

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