Killeen, TX

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

779 / 1752

Reliable / Active

Cap Rate

10%

Middle-Earners Gross Yield

Revenue

$22,729

Middle-Earners Revenue

Occupancy

62%

Middle-Earners Occupancy

Home Value

$221,099

Median Home Sale Price

Top Earners

$48,532

Top-Earners Revenue

Killeen

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Killeen.

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B

Generally Investor friendly

Killeen Regulations

Killeen explicitly permits STRs and has a mature, transparent framework—no caps or zoning limits—but it does require a $200 permit, $100 renewal, liability insurance ($500k minimum), annual safety inspections, and mandatory monthly tax filings with no grandfathering for existing operators. The moderate fees, annual renewals, and monthly compliance make compliance predictable but not negligible, keeping it in the friendly/challenging middle.

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About Killeen

Killeen is a city in Bell County, Texas, with a population of roughly 150,000 residents. It sits in the rolling limestone landscape of central Texas, a transitional region between the blackland prairies to the east and the Edwards Plateau to the west. The city is best known as the home of Fort Cavazos, one of the largest active-duty armored military installations in the United States, which was renamed from Fort Hood in 2023. The character of Killeen is shaped heavily by the soldiers, families, and civilian workforce connected to the base, and it functions as a service, retail, and housing hub for the post. Beyond its military role, Killeen serves as a convenient gateway to the Texas Hill Country and to the lakes and small historic towns that dot the surrounding Bell and Coryell counties. The city lies approximately 70 miles north of Austin and about 45 miles southwest of Waco, placing it within easy reach of several major Texas destinations.

Just outside the city limits, Stillhouse Hollow Lake offers a stretch of calm, rocky shoreline popular for fishing, kayaking, and swimming. The reservoir, impounded on the Lampasas River, sits within Stillhouse Hollow Lake Park and is only about 15 to 20 minutes from central Killeen. Boaters and paddlers favor the clear water, and the day-use areas provide picnic spots and small beaches, making it a year-round escape for visitors looking to trade the suburban streets of Killeen for a quiet afternoon on the water.

About 20 minutes south of Killeen, the village of Salado draws visitors with its string of independently owned galleries, antique shops, and restaurants set along Main Street. The community grew up around a historic stagecoach stop in the mid-1800s, and the Stagecoach Inn, a limestone-and-wood structure that has served as a hotel, post office, and gathering place over the decades, still stands as a focal point of the historic district. Salado is also known for its creekside parks and a small but active wine and craft beverage scene, making it an easy day trip from Killeen.

A short drive northeast of the city, Belton Lake provides another outdoor option, with boating, fishing, and lakeside camping within about 20 minutes of downtown Killeen. The reservoir, managed by the U.S. Army Corps of Engineers, is ringed by several parks with hiking trails, picnic areas, and overlooks, and its open water is a favorite with local anglers and weekend boaters.

Killeen makes a compelling base for short-term rentals thanks to the steady flow of military families, soldiers on leave, graduation visitors, and contractors associated with Fort Cavazos, layered with leisure travelers exploring central Texas. Its central location, affordable lodging base, and proximity to lakes, historic villages, and the urban offerings of Austin and Waco give the city broad appeal across both business and vacation markets.

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