Killeen, Texas, is experiencing robust demand for short-term rentals, driven by its growing population and strong military presence, making it an attractive market for investors with potential for high occupancy rates and premium rental income.
Thriving Short-Term Rental Market in Killeen, Texas
Killeen, Texas, is experiencing a robust and promising short-term rental market, driven by its growing population and strong military presence. While specific occupancy rates and average daily rates for Killeen are not provided in the available sources, the city's short-term rental sector is bolstered by several positive factors. The recent launch of the City of Killeen's Short-Term Rental Registration Program aims to ensure safety, compliance, and the promotion of local tourism, indicating a supportive environment for short-term rental operators.
The demand for short-term rentals is further enhanced by the city's proximity to Fort Hood, which attracts a steady stream of military personnel and their families, many of whom seek temporary housing solutions. This consistent demand, coupled with the city's efforts to foster responsible hosting practices, positions Killeen as an attractive and viable market for short-term rental investments.
Short-Term Rental Regulations in Killeen, Texas for 2024
Registration and Permits
- As of October 1, 2023, all short-term rental owners are required to obtain an annual permit for each rental property. The permit costs $50 per year.
- Registration fees are waived for applications received by May 31, 2024.
Required Documentation
- Proof of ownership
- Floor plan with safety features marked
- Parking plan
- Certificate of occupancy
- Contact information.
Tax Compliance
- Owners must collect and remit the Hotel Occupancy Tax (HOT) from their guests. This includes city, county, and state portions of the HOT. While platforms like Airbnb and Vrbo may remit the state portion, owners are responsible for the city and county portions.
Safety and Zoning
- Properties must meet safety and zoning requirements as stipulated by the City of Killeen Code of Ordinances, Section 31-953.
Spacing Requirements
- There is a proposed regulation requiring a 200-foot spacing between short-term rentals to prevent high concentrations in one area. However, this may still be under consideration and not yet fully implemented.
Compliance and Enforcement
- The city has a compliance and enforcement team to ensure adherence to regulations. Violations can result in fines up to $2,000 per violation per day.
Community Notification
- The city notifies neighbors when an STR permit is issued, providing them with the owner's contact information to facilitate direct communication for issue resolution.
Permit Renewal
- Short-term rental permits are non-transferable and must be renewed annually. Renewal fees are $50, but this fee is waived for applications received by May 31, 2024.
Top Airbnb Revenue-Generating Neighborhoods in Killeen, Texas
Why These Neighborhoods Are Appealing
Here are the key neighborhoods in Killeen, Texas, that are generating significant Airbnb revenue, along with reasons why they are appealing to guests:
1. Harker Heights
- Proximity to Fort Hood: This neighborhood is close to major employment hubs like Fort Hood, making it a favorite among military families and personnel.
- Suburban Quality of Life: Harker Heights offers well-manicured communities and an established suburban atmosphere, which is attractive for families and those seeking a comfortable stay.
2. Nolanville
- Adjacent to Fort Hood: Nolanville's proximity to Fort Hood ensures a high demand for temporary housing, particularly among the military population.
- Emerging Community: The rustic and emerging community atmosphere of Nolanville is increasingly attractive to diverse demographics, including families and travelers.
3. Areas Near Lake Belton and Stillhouse Hollow Lake
- Natural Attractions: These areas are popular due to their proximity to Lake Belton and Stillhouse Hollow Lake, offering outdoor activities and scenic views that appeal to nature lovers and those seeking recreational opportunities.
4. Downtown Killeen and Surrounding Areas
- Central Location: Neighborhoods like those around the Killeen Mall, Temple Railroad & Heritage Museum, and other central locations are appealing due to their accessibility to restaurants, schools, banks, and other essential amenities.
5. Areas Near Dana Peak Park and Mill Creek Golf Club
- Recreational Opportunities: These areas are attractive because of their proximity to recreational facilities such as Dana Peak Park and Mill Creek Golf Club, making them ideal for guests looking for leisure activities.
Key Statistics
- Average Daily Rate: $108
- Median Occupancy Rate: 57%
- Annual Host Income: Approximately $22,000
- Popular Listings: Entire homes, especially those near lakes, parks, and golf clubs, tend to have higher occupancy rates and revenue potential.
These neighborhoods combine the benefits of proximity to military bases, recreational facilities, and central amenities, making them highly appealing for Airbnb guests in Killeen, Texas.
Furnishing and Design Tips for an Inviting Airbnb in Killeen, Texas
Understanding Local Preferences
- Reflect Local Culture: Incorporate elements that celebrate Texas culture, such as ranch-style decor, vintage touches, and neutral color palettes with vibrant accents.
Choosing the Right Furniture
- Durable and Easy to Clean: Opt for furniture that is sturdy and easy to maintain, such as sofas with washable covers and beds with storage for extra linens and laundry.
- Space-Saving Furniture: Use furniture with multiple functions, like sofa beds, folding tables, and ottomans with hidden storage compartments to maximize space.
Layout and Storage
- Measure and Plan: Measure your rooms to determine the best layout, ensuring there is plenty of space to move around and that natural light sources are not blocked.
- Smart Storage: Utilize beds with drawers, wall hooks, pegboards, and stackable containers to keep the space tidy and organized.
Amenities and Comfort
- Modern Amenities: Equip your kitchen with essentials like a coffee maker, microwave, toaster, and kettle. Also, provide a hairdryer, basic toiletries, and a first-aid kit.
- Comfortable Bedding: Choose high-quality mattresses, preferably memory foam, and use mattress covers to ensure longevity. Opt for white bedding for a hotel-like feel.
- High-Quality Towels: Provide durable towels in neutral colors that can be bleached for hygiene.
Design Elements
- Use Mirrors: Incorporate mirrors to make the space feel bigger and brighter.
- Add Plants: Include a few plants to liven up the space and create a welcoming atmosphere.
Accessibility and Practicality
- Accessibility Features: Consider adding features like ramps, wide doorways, and grab bars in bathrooms to make your Airbnb accessible to guests with disabilities.
- Power Sockets: Ensure there are power sockets near mirrors for hair dryers and straighteners.
Outdoor and Additional Features
- Outdoor Spaces: If possible, include outdoor spaces such as backyards with grills and pools, or patios, which are highly valued by guests seeking leisure and relaxation.
- Scenic Views: If your property offers scenic views, highlight them as a selling point to attract nature enthusiasts.
Timing and Maintenance
- Off-Season Updates: Plan furniture updates during the off-season or short gaps between bookings to minimize disruption to guests.
- Input from Cleaning Crew: Get input from your cleaning crew on furniture choices, as they are familiar with the wear and tear on the property.
Discover Killeen, Texas: Top Attractions and Insider Tips for Your Guests
Local Attractions
Museums and Historical Sites
- National Mounted Warrior Museum: Located just outside Fort Hood, this museum honors mounted soldiers and their contributions to national security. It features compelling stories and exhibits on the history of mounted warriors.
- 1st Cavalry Division Museum: Explore the history of one of America’s greatest combat divisions at this museum located on Fort Hood.
- Fort Hood November 5 Memorial: A historic site commemorating significant events in Fort Hood's history.
Outdoor Recreation
- Belton Lake Outdoor Recreation Area (BLORA): Enjoy two 300-foot waterslides, a swim beach, marina, paintball course, mountain biking trails, and picnic areas. Rent canoes, kayaks, and other water sports equipment.
- Stillhouse Hollow Park: Perfect for fishing, boating, and swimming. The park offers a swim area, basketball courts, and picnic spots. Canoe and kayak rentals are available.
- Temple Lake Park: A nice outdoor recreation area with various amenities for a relaxing day out.
Entertainment and Culture
- Mayborn Science Theater: A state-of-the-art planetarium on the Central Texas College campus offering immersive 3D shows on space and science. Check the calendar for yoga under the stars and other events.
- Vive Les Arts Theatre (Central Texas Theatre): Catch classic musicals and contemporary hits at this community performing arts center. The show season runs from October to mid-August.
- Rodeo Killeen: Experience a night at the rodeo, featuring cowboy agility and strength. The rodeo also supports local community charitable efforts.
Golfing
- Stonetree Golf Club: An 18-hole golf course with four sets of tees, sand bunkers, and water traps. Open throughout the year and suitable for golfers of all skill levels.
Other Attractions
- Andy K. Wells Hike and Bike Trail: A great way to explore local attractions on foot or by bike.
- Killeen Amphitheater: Enjoy outdoor concerts and events in a lively setting.
- Lions Club Aquatics Park: A water park with various amenities for a fun-filled day.
Insider Tips
Community Events
- Check the local event calendars for community events, concerts, and charitable activities that might interest your guests.
Local Eats and Shopping
- Recommend local eateries and shopping centers, especially those near the Fort Hood base, which often cater to military families and offer a unique experience.
Military Base Access
- Inform your guests about the attractions within Fort Hood, but also note any access restrictions or requirements for visiting these sites.
Outdoor Activities
- Suggest renting equipment for water sports or mountain biking at the Belton Lake Outdoor Recreation Area or Stillhouse Hollow Park for a more immersive experience.
Cultural Experiences
- Encourage guests to attend a performance at Vive Les Arts Theatre or visit the Mayborn Science Theater for a unique cultural and educational experience.
By providing these attractions and insider tips, you can help your guests have a well-rounded and enjoyable experience in Killeen, Texas.
Practical Tips to Run a Successful Short-Term Rental Business in Killeen, Texas
To ensure a successful and compliant short-term rental business in Killeen, Texas, several practical tips can be implemented:
Noise Regulations and Guest Communication
Inform your guests about noise regulations and quiet hours to maintain harmony with the local community. Include this information in your digital and physical house manual to avoid any misunderstandings.
Comprehensive House Manual
Create a detailed digital and physical house manual that includes essential instructions, Wi-Fi passwords, and other important details. This manual should be easily accessible to guests, either through a welcome packet or a digital link provided upon check-in.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. This not only enhances guest convenience but also reduces the administrative burden on hosts.
Clear Parking Instructions
Provide clear parking instructions, accompanied by photos, to help guests navigate the property easily. This can be included in the house manual or sent as a separate guide before their arrival.
By adhering to these tips, you can ensure a smooth and enjoyable experience for your guests while also complying with the city's regulations, such as the new short-term rental permit requirements that went into effect on October 1, 2023.
Here is a brief list of house cleaning, repair, and maintenance providers in Killeen, Texas:
House Cleaning Services
Happy Mom Cleaning Services
- Offers customizable cleaning options including deep cleaning, recurring cleans, and personalized cleaning services. Their services include one-time and recurring house cleans, move-in/move-out cleaning, and a "Cleaning My Way" service for tailored cleaning needs.
Molly Maid of Bell / Coryell County
- Provides one-time cleaning services, seasonal cleaning, special event cleaning, move-in/move-out cleaning, and recurring cleaning services. They tailor their services to meet unique home needs and preferences.
Various Providers Listed on Care.com
- Includes 44 different house cleaning services in Killeen, TX, with services starting at $16.79/hr and an average experience of 3 years among the providers.
Various Providers Listed on Thumbtack
- Features a list of the top 10 house cleaning services in Killeen, TX, with services including basic and deep house cleaning, and tips for hiring the best maid or house cleaning service.
Repair and Maintenance Services
YOUR DEPENDABLE CLEANING SERVICE, LLC.
- While primarily a cleaning service, they also offer other home improvement services, including janitorial and possibly some repair services, though the focus is on cleaning.
Other Local Providers on HomeAdvisor
- Includes various locally owned and operated companies that offer a range of services including janitorial, carpet cleaning, and other home maintenance tasks. These companies emphasize customer satisfaction, competitive pricing, and attention to detail.
Managing Short-Term Rentals in Killeen, Texas: Understanding Fees and Services
In Killeen, Texas, managing short-term rentals involves various fees that can significantly impact your revenue. While the city itself imposes specific regulations and fees, such as an annual permit fee (ranging from $100 to $200 depending on the renewal or initial application), property management companies charge separately for their services.
Typically, these management fees range from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management, which includes guest communication, marketing, and maintenance, tends to be on the higher end of this scale. Basic services, such as property listing and tenant placement, may be less expensive. Additional fees can also apply for services like cleaning, repairs, or design enhancements.
Ensuring compliance with local regulations, such as obtaining the necessary permits and paying hotel occupancy taxes, is crucial and may be included in the management services. Understanding these fees and services is essential for optimizing your short-term rental business in Killeen.