Airbnb City Guide: The Best Places To Invest in Irving, Texas

Airbnb Rules and Regulations in Irving, Texas

As of 2024, Irving, Texas, has updated its short-term rental regulations to ensure guests' and residents' safety and comfort. Hosts are required to obtain a permit, which involves a property inspection to meet health and safety standards. Irving mandates adherence to noise ordinances, particularly between 10 PM and 7 AM, to maintain neighborhood peace. Short-term rentals must not exceed occupancy limits, typically two individuals per bedroom.

Hosts are responsible for collecting and remitting Hotel Occupancy Taxes to the city, contributing to local tourism efforts. Regular compliance checks are conducted, and failure to adhere to these regulations can result in penalties, including fines and potential permit revocation. These rules are designed to foster a responsible short-term rental environment that benefits the community and visitors alike.

Irving Airbnb Market Data:

• Average Revenue – $28.9K per year
• Average Daily Rate – $149.8 per night
• Average Occupancy Rate – 53%
• Average RevPAR – $80.9
• Average Home Prices – $353,426

1. Top Place to Invest in Irving, Texas - Las Colinas

Las Colinas, a prestigious area within Irving, Texas, is renowned for its upscale living, business centers, and exceptional recreational facilities. This master-planned community is a magnet for professionals and tourists, offering a lucrative market for Airbnb investments.

Las Colinas Airbnb Market Data:

• Average Revenue – $30.2K per year
• Average Daily Rate – $159.2 per night
• Average Occupancy Rate – 52%
• Average RevPAR – $82.2

Convenience: 9/10

Las Colinas shines in terms of convenience. The area is replete with amenities, including high-end shopping centers, diverse dining options, and top-tier schools. Its infrastructure is well-developed, with efficient public transportation and easy access to major highways, simplifying commutes and daily errands.

Tourist Attractions: 8/10

The neighborhood boasts several tourist attractions, such as the Mustangs at Las Colinas sculpture and the Mandalay Canal walkways. While it may not have the draw of a major tourist city, its business and entertainment offerings, including the Irving Convention Center, attract a steady flow of visitors.

Things to Do: 9/10

There's an abundance of activities in Las Colinas. From outdoor concerts at the Toyota Music Factory to gondola rides on the canals, the area offers a rich array of leisure and cultural experiences. Golf enthusiasts can enjoy the Four Seasons Resort and Club, among other high-end golf courses.

Average Home Prices: 7/10

In 2024, the average home price in Las Colinas is around $450,000, with a 5% appreciation rate from the previous year. This growth reflects the area's popularity and the demand for luxury accommodations, signaling a strong investment opportunity for those targeting the higher end of the market.

Proximity to Work-Related Travel: 10/10

Las Colinas is a hub for work-related travel, home to many corporate headquarters and the Irving Convention Center. Its proximity to both Dallas Fort Worth International Airport and Dallas Love Field Airport makes it an ideal location for corporate rentals targeting the numerous business travelers and convention attendees entering the area.

X-Factor: 10/10

Las Colinas' x-factor uniquely blends urban sophistication and suburban comfort. The area's well-manicured landscapes, waterways, and architectural elegance provide an attractive setting for both living and visiting. Its status as a business epicenter with a high quality of life contributes to its allure.

2. Top Place to Invest in Irving, Texas - Valley Ranch

Valley Ranch in Irving, Texas, is a serene, picturesque community known for its scenic canal system and well-planned neighborhoods. This area combines natural beauty with suburban convenience, making it a highly desirable location for short-term rental investments.

Valley Ranch Airbnb Market Data:

• Average Revenue – $31.4K per year
• Average Daily Rate – $156.3 per night
• Average Occupancy Rate – 55%
• Average RevPAR – $85.4

Convenience: 8/10

Valley Ranch offers excellent convenience with its array of local amenities. The neighborhood features numerous shopping centers, eateries, and healthcare facilities. Its well-maintained roads and proximity to major highways like I-635 and President George Bush Turnpike facilitate easy access to the broader Dallas-Fort Worth area.

Tourist Attractions: 6/10

While Valley Ranch itself is not a major tourist destination, its beautiful landscapes and outdoor spaces, such as the extensive canal system and walking trails, attract visitors looking for relaxation and recreation. Nearby attractions in Irving, including the Mustangs of Las Colinas, add to the area's appeal.

Things to Do: 7/10

Valley Ranch is ideal for those who enjoy outdoor activities. The community's parks, waterways, and sports facilities offer residents and visitors various options for leisure and fitness. Additionally, the area hosts several community events throughout the year, fostering a vibrant local culture.

Average Home Prices: 7/10

In 2024, the average home price in Valley Ranch is approximately $375,000, with a 4% appreciation rate from the previous year. This steady growth indicates a healthy real estate market that is both stable and promising for investors looking for long-term value.

Proximity to Work-Related Travel: 8/10

The strategic location of Valley Ranch provides convenient access to several major employment centers in Irving and Dallas. Its proximity to Dallas Fort Worth International Airport also makes it an excellent choice for frequent travelers and professionals in the airline and aerospace industries.

X-Factor: 9/10

Valley Ranch's x-factor is its unique blend of natural beauty and community-oriented living. The neighborhood's extensive canal system enhances its aesthetic appeal and provides a rare, peaceful environment in urban settings. This distinctive feature and the area's strong community spirit make it particularly attractive to families and professionals alike.

3. Top Place to Invest in Irving, Texas - Cottonwood Valley

Cottonwood Valley is an affluent enclave in Irving, Texas, offering luxury living with a resort lifestyle. Known for its prestigious golf courses and proximity to Dallas, it's a prime spot for high-end real estate investment.

Cottonwood Valley Airbnb Market Data:

• Average Revenue – $36.3K per year
• Average Daily Rate – $191.1 per night
• Average Occupancy Rate – 52%
• Average RevPAR – $97.7

Convenience: 9/10

Cottonwood Valley boasts exceptional convenience. Residents enjoy easy access to the Four Seasons Resort and Club, local shopping, and fine dining. Its strategic location near major highways and the DFW Airport makes it a highly accessible area for both residents and visitors.

Tourist Attractions: 7/10

The neighborhood itself is not a traditional tourist destination, but its world-class golf courses and proximity to the Four Seasons Resort attract golf enthusiasts. Nearby attractions in Irving, such as the Mandalay Canals and the Irving Arts Center, add to the area's appeal for visitors.

Things to Do: 8/10

Cottonwood Valley offers a variety of leisure activities, especially for those who appreciate golf and outdoor beauty. The PGA golf course and the resort's amenities provide endless entertainment. The neighborhood also hosts social events, enhancing its vibrant community life.

Average Home Prices: 6/10

The average home price in Cottonwood Valley is around $629,900, with a listing price per square foot of $255. This reflects the area's luxury market status, with a stable appreciation rate that indicates a healthy investment environment for those targeting upscale properties.

Proximity to Work-Related Travel: 9/10

The area's proximity to the DFW Airport and central Dallas is ideal for work-related travel. Cottonwood Valley's location makes it a convenient base for business professionals and those attending events at the Irving Convention Center or other venues.

X-Factor: 10/10

Cottonwood Valley's x-factor is its luxurious resort lifestyle. The neighborhood's partnership with the Four Seasons Resort offers residents amenities like golf, dining, and spa facilities right at their doorstep. This unique aspect of resort living within a residential community sets Cottonwood Valley apart as an exclusive and highly desirable investment location.

4. Top Place to Invest in Irving, Texas - Southern Ridge

Southern Ridge in Irving, Texas, is a burgeoning neighborhood known for its family-friendly atmosphere and growing community. This area offers a blend of suburban peace with the convenience of city living, making it an attractive option for those aspiring to invest in the short-term rental industry.

Southern Ridge Airbnb Market Data:

• Average Revenue – $40.7K per year
• Average Daily Rate – $206.4 per night
• Average Occupancy Rate – 54%
• Average RevPAR – $114.7

Convenience: 8/10

Southern Ridge scores highly on convenience. The neighborhood is well-served by a variety of local amenities, including supermarkets, schools, and healthcare facilities. Its proximity to major highways like Highway 183 and Loop 12 facilitates easy commuting to and from major areas in Irving and the greater Dallas-Fort Worth area.

Tourist Attractions: 5/10

While Southern Ridge itself does not feature major tourist attractions, its location provides easy access to popular sites in Irving and nearby Dallas, such as the Irving Arts Center and the Mustangs of Las Colinas. The neighborhood serves as a quiet retreat from the bustling tourist spots.

Things to Do: 7/10

The area offers several recreational activities, particularly for families. Local parks, community centers, and an array of dining options provide residents and visitors with ample opportunities to enjoy their leisure time. Additionally, Southern Ridge is close to larger shopping and entertainment districts, which enhance its livability.

Average Home Prices: 7/10

In 2024, the average home price in Southern Ridge is approximately $350,000, with a 4% appreciation rate from the previous year. This steady growth indicates a healthy real estate market that is both accessible for new investors and promising for those looking for a stable investment.

Proximity to Work-Related Travel: 8/10

Southern Ridge's strategic location near key highways provides excellent connectivity to major employment hubs in Irving and Dallas. This makes it an ideal location for professionals who commute to work, enhancing its appeal to potential renters who prioritize ease of access to work-related facilities.

X-Factor: 9/10

Southern Ridge's x-factor is its vibrant community spirit and family-oriented environment. The neighborhood is known for its active community association and regular social events, which foster a strong sense of belonging and community engagement. This makes it particularly attractive to families and long-term residents, adding to its investment appeal.

5. Top Place to Invest in Irving, Texas - Irving Arts District

The Irving Arts District is a vibrant hub that blends cultural richness with urban convenience, making it an attractive locale for investors. Known for its dynamic arts scene and community-focused atmosphere, this neighborhood offers a unique living experience in the heart of Irving.

Irving Arts District Airbnb Market Data:

• Average Revenue – $23.7K per year
• Average Daily Rate – $125 per night
• Average Occupancy Rate – 52%
• Average RevPAR – $65.1

Convenience: 9/10

The Irving Arts District excels in convenience. Located centrally within Irving, it is well-served by public transportation and is close to major highways, facilitating easy access to both Dallas and Fort Worth. The neighborhood features a variety of dining options, shops, and essential services, making daily life effortless for residents.

Tourist Attractions: 8/10

This district is a cultural hotspot in Irving, home to the Irving Arts Center, which hosts a range of performances and exhibitions. Nearby attractions include the Mustangs of Las Colinas and a variety of galleries and theaters that draw visitors from across the region, enhancing the area's appeal to tourists.

Things to Do: 9/10

There is no shortage of activities in the Irving Arts District. From exploring art exhibitions at the Irving Arts Center to attending performances by local arts organizations, the district is bustling with creative energy. The area also hosts regular community events that enrich the local culture and provide entertainment for all ages.

Average Home Prices: 6/10

As of March 2024, Irving's median listing home price was $375,000, with a slight downward trend of -5.9% year-over-year. This makes the Arts District an accessible option for investors, though the slight depreciation suggests a need for cautious investment strategies, so using a short-term rental calculator can definitely help you find the right property here.

Proximity to Work-Related Travel: 7/10

The Irving Arts District's central location is beneficial for work-related travel. Proximity to major business centers in Dallas and Fort Worth, along with easy access to DFW International Airport, makes it a convenient base for professionals. However, the area lacks direct access to larger convention centers, which might limit some business-related opportunities.

X-Factor: 10/10

The unique appeal of the Irving Arts District lies in its thriving arts scene and strong community vibe. The district's cultural richness, highlighted by its affiliation with the Smithsonian, and its active engagement in the arts make it a standout neighborhood that attracts a diverse, creative population.