Canyon, TX

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

1162 / 1852

Reliable / Active

Cap Rate

9%

Middle-Earners Gross Yield

Revenue

$25,425

Middle-Earners Revenue

Occupancy

38%

Middle-Earners Occupancy

Home Value

$290,294

Median Home Sale Price

Top Earners

$70,074

Top-Earners Revenue

Canyon

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Canyon.

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B

Generally Investor friendly

Canyon Regulations

STRs are explicitly allowed citywide with no caps, but require registration, safety inspection, $1M liability insurance, and self‑inspection at renewal; the 13% combined HOT and non‑refundable reinspection/technology fees add moderate cost/complexity, and revocation after three complaints in 24 months poses some enforcement risk.

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About Canyon

Canyon, Texas, is a small city located in the Texas Panhandle, approximately 18 miles south of Amarillo, the nearest major city. As of the most recent estimates, Canyon has a population of around 15,000 residents, offering a quaint, close-knit community atmosphere.

Canyon is noted for its proximity to several notable landmarks and natural attractions that enhance its appeal for short-term rentals. Chief among these is the Palo Duro Canyon State Park, often referred to as the "Grand Canyon of Texas." This state park is the second-largest canyon in the United States and boasts stunning landscape views, hiking trails, and outdoor recreation opportunities. More information can be found on the Texas Parks and Wildlife website.

The city is also home to West Texas A&M University, which adds a lively collegiate atmosphere and various cultural events to the area. The Panhandle-Plains Historical Museum, located on the university campus, is another significant attraction that provides insights into the history and cultural heritage of the region. Visitors can learn more about it on the museum's official site.

Additionally, investments in local infrastructure and amenities, along with the city's charming downtown area filled with shops and dining options, make Canyon an attractive spot for visitors looking for short-term stays. Particularly during events like university graduations, seasonal cultural festivals, and during peak holiday seasons, demand for short-term rentals can be particularly high.

Overall, Canyon offers a unique blend of natural beauty, educational and cultural attractions, making it a compelling choice for short-term visitors seeking both relaxation and activities.

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