The Texan charm is something to dearly take home. If you’ve ever visited or lived in Texas, you’ll definitely know what I’m talking about. Texans are proud of their exceptionally large and diverse state. Many of us have grown up singing along with “Hey babe, Que Paso?” but never thought about investing in Texan real estate or the booming housing market there. We go straight to the coast of Texas to Corpus Christi real estate and its charming waterfront properties!
Why invest in Corpus Christi real estate?
While the Texan charm may be enough to pull you into this real estate market, it’s definitely not enough for you to invest in real estate! You need cold hard facts to help you through the process of any real estate investment decision. According to local real estate investors, the local rental market is a strong one and you can depend on it to generate rental income. Keep in mind that Corpus Christi landlords depend on three main industries to occupy their investment properties, which are military, oil, and education.
Establishing a real estate investment business that ensures positive income properties requires research and help from locals! Many real estate investors have found it lucrative to invest in rental properties near the Naval Air Station Corpus Christi. That being said, the Naval Air Station contains Navy flight schools that constantly have an incoming flow of students. Additionally, A&M Corpus Christi is a university that has shown constant growth in the past few years and much more growth is on the way!
Looking for more insights into the Texas housing market? Read this blog post: The Texas Real Estate Market 2018: Interview with Expert Jenna Hernandez.
Top neighborhoods for real estate investing in Corpus Christi
We’ve searched and gathered the best locations and neighborhoods in Corpus Christi for investing in real estate for both short-term rentals and long-term rentals using Mashvisor’s investment property calculator. The list below goes into detail of each neighborhood and its potential:
Mustang-Padre Island is among the best places to invest in real estate in Corpus Christi. With the Padre Island National Seashore attracting short-term tourists and visitors, real estate investors and landlords can make a hefty rental income by listing their properties on websites like Airbnb. Accordingly, Mustang-padre Island has the lowest crime rates and unemployment rates in Corpus Christi.
Here’s what to expect with a real estate investment property in Mustang-Padre Island according to Mashvisor’s analytical data:
- Median property price: $390,348
- Airbnb cap rate: 6.53%
- Traditional cap rate: 0.33%
- Airbnb rental income: $4,258
- Traditional rental income: $1,734
- Reported annual crime rate: 1,772/100k
- Unemployment rate: 2.4%
- Population: 4,301
Mustang-Padre Island makes for great short-term rentals as opposed to long-term rentals. With a traditional cap rate of 0.33%, you will have to look a bit harder for top performing long term rentals here (We can help!). With low unemployment and crime rate, this area is among the best with investing in real estate as it shows potential for future real estate appreciation and migration.
The Bay Area is a popular option for locals to buy properties. It’s also ranked second when comparing it to other neighborhoods in the Corpus Christi real estate market. Additionally, the real estate market offers plenty of amenities to real estate investors and home buyers. Keep in mind that the sunny weather is an infinite attraction for those looking to invest in Corpus Christi real estate.
Let’s take a look at the Bay Area’s real estate market stats provided by Mashvisor’s investment property calculator:
- Median property price: $323,325
- Traditional cap rate: 1.75%
- Traditional rental income: $1,329
- Reported annual crime rate: 2,656/100k
- Unemployment rate: 5.2%
- Population: 41,486
The popularity of this neighborhood to buy real estate property whether for a primary residence or real estate investment is undeniable. Accordingly, real estate investors are taking advantage of people’s migration to this area and using a long-term rental strategy as their optimal rental strategy to make money in real estate.
To learn more about how we will help you make faster and smarter real estate investment decisions, click here.
The South Side is the densest area and neighborhood in Corpus Christi. It makes sense that this local real estate market is the most suitable for real estate investments in long-term rentals and short-term rentals. With many residents complaining about the roads that need fixing, they still manage to give great reviews of this popular Corpus Christi destination. Let’s take a look at Mashvisor’s real estate stats for this neighborhood:
- Median property price: $255,150
- Airbnb cap rate: 4.95%
- Traditional cap rate: 3.13%
- Airbnb rental income: $2,445
- Traditional rental income: $1,644
- Reported annual crime rate: 2,203/100k
- Unemployment rate: 3.3%
- Population: 110,569
South Side offers real estate investors a stable real estate market that stands strong facing market fluctuations. Accordingly, real estate investors are not shying away from investments in the area. With low crime rates and an ever-increasing population, the need for residential real estate investing and vacation rental investing has definitely not peeked and still continues to rise!
Looking to buy vacation home rentals and not sure where to start your search? Kick it off with this blog post: The Best Places to Buy a Vacation Home in Texas.
Flour Bluff is known for the great school systems and affordable housing prices. With beautiful views all around, real estate investors and home buyers are choosing this Texan neighborhood for their real estate properties. Let’s take a look at Mashvisor’s investment property analysis details for Flour Bluff:
- Median property price: $315,154
- Traditional cap rate: 1.21%
- Traditional rental income: $1,270
- Reported annual crime rate: 3,005/100k
- Unemployment rate: 1.8%
- Population: 17,800
While looking at these real estate stats for Flour Bluff, you can instantly tell that real estate investors are going for long-term rentals with their rental properties. Students and young professionals choose this area due to affordability and ease of transportation. Keep in mind that the population density in Flour Bluff is 44% lower than Corpus Christi’s average.
Calallen is different from the hustle of Corpus Christi’s busy streets and traffic. Real estate investors can buy an investment property with very close proximity to the city while maintaining a country lifestyle for their tenants! Additionally, real estate prices are lower than the average real estate prices with Corpus Christi real estate in general.
To better understand this portion of the Corpus Christi real estate market, let’s take a look at Mashvisor’s real estate stats:
- Median property price: $243,758
- Traditional cap rate: 3.07%
- Traditional rental income: $1,707
- Reported annual crime rate: 1,568/100k
- Unemployment rate: 3.1%
- Population: 14,389
With low property prices and affordable rents, the migration to this neighborhood is going and getting stronger. Of course, as for the case of any local real estate market, you must stay well informed about the real estate comps of every area to ensure you’re getting your money’s worth!
How to locate the best investment property in Corpus Christi
Whether you’re an expert real estate investor or a novice one, Corpus Christi will have a sweet deal of real estate for you! By using technology, you can narrow down your search and cut through the noise in order to find the best possible investment property. Of course, this is the result of combining mapping platforms and evaluation tools together. The end result is the best method to locate an investment property which is known as the heat map analysis. The beauty of conducting a heat map analysis comes in the layers you can conduct it through. You can choose to filter results based on rental income, cap rate, and even occupancy rates.
Read this blog post to learn more: Find the Best Investment Properties Using Heat Map Analysis.
Here’s a look inside Mashvisor’s heat map analysis to give you a better idea of how it can help you make the best real estate investment decisions:
Click here to use Mashvisor’s heat map with a 14-day free trial.
Investing in Corpus Christi real estate is a great choice for real estate investors. A beach destination that can double both as a vacation home rental and a long-term rental destination is a keeper! What are you waiting for? Start investing in real estate today for tomorrow’s return on investment!
If you have any more insights on buying an investment property in the Corpus Christi real estate market, please share them with us in the comments section below!