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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Smithville appears higher risk based on current data and may require deeper, property-specific diligence to find compelling opportunities.
Smithville, TX is a small market with just 52 active Airbnb listings, an average daily rate of $210, and an occupancy rate of 21% — both well below the Texas state averages of $276 and 33%, respectively. With average annual revenue of $15,481 against home values averaging $634,854, the revenue-to-price ratio is thin, and the market's ROI score of 28 out of 100 reflects limited investment potential under current conditions. Investors drawn to this Central Texas community should expect to conduct thorough property-level analysis before committing capital.
According to Rabbu market data, the Smithville short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 52 |
| Average Daily Rate (ADR) | vs. $276 state avg. | $210 |
| Average Occupancy Rate | vs. 33% state avg. | 21% |
| RevPAN | ADR * Occupancy Rate | $45 |
| Average Monthly Revenue | Historical 12-month average | $1,290 |
| Average Annual Revenue | Historical 12-month average | $15,481 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.
Smithville appeals to investors seeking affordable Texas real estate in a small-town setting, though current performance metrics suggest patience and selective property targeting are essential.
Key investment factors
"Current data points to a challenging environment for short-term rental investment in Smithville. A 21% occupancy rate and $45 RevPAN leave limited margin for error, particularly when paired with home values that average nearly $635,000. Seasonality is pronounced — March pulls in nearly three times the revenue of January — so investors must plan for lean winter months. That said, 2-bedroom units show a brighter picture at 31% occupancy and $19,692 annual revenue, which could pencil out on a lower-cost acquisition if the right property emerges."
— Rabbu Market Analysis Team
Smithville exhibits strong seasonality, with March ($1,881) and April ($1,668) standing well above the winter trough of January ($642) — a nearly 3x spread. Revenue holds relatively steady from May through November in the $1,199–$1,481 range, meaning cash flow outside the spring peak is modest but consistent enough to avoid total dry spells.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$642 |
| February |
|
$844 |
| March |
|
$1,881 |
| April |
|
$1,668 |
| May |
|
$1,369 |
| June |
|
$1,275 |
| July |
|
$1,374 |
| August |
|
$1,269 |
| September |
|
$1,199 |
| October |
|
$1,481 |
| November |
|
$1,384 |
| December |
|
$1,090 |
One-bedroom listings dominate supply with 18 of the market's 52 active properties, followed by 14 two-bedroom units. Studios (6) and 3-bedroom homes (7) are less represented, and larger configurations appear absent entirely, which could signal either limited demand or an underserved niche for investors targeting families or group travelers.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
6 |
| 1 bedroom |
|
18 |
| 2 bedrooms |
|
14 |
| 3 bedrooms |
|
7 |
Three-bedroom properties command the highest ADR at $197, while 1-bedroom and 2-bedroom units cluster tightly around $145–$146. Studios price slightly higher at $163, likely reflecting unique or boutique-style accommodations that justify a per-night premium despite their smaller footprint.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$163 |
| 1 bedroom |
|
$145 |
| 2 bedrooms |
|
$146 |
| 3 bedrooms |
|
$197 |
Two-bedroom properties deliver the strongest RevPAN at $45, closely followed by 3-bedrooms at $43, thanks to their combination of decent occupancy and respectable nightly rates. One-bedroom listings trail significantly at just $22 RevPAN, making them the weakest performers on a per-available-night basis.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$38 |
| 1 bedroom |
|
$22 |
| 2 bedrooms |
|
$45 |
| 3 bedrooms |
|
$43 |
Two-bedroom listings lead occupancy at 31%, the only property size that approaches the Texas state average of 33%. Studios and 3-bedrooms hover around 22–23%, while 1-bedroom properties fill just 15% of available nights — a level that raises cash-flow sustainability concerns for that segment.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
23% |
| 1 bedroom |
|
15% |
| 2 bedrooms |
|
31% |
| 3 bedrooms |
|
22% |
Two-bedroom properties top the monthly revenue rankings at $1,641, outpacing 3-bedrooms ($1,381) and studios ($1,054). One-bedroom units bring in the least at $904 per month, reflecting their combination of low ADR and the market's weakest occupancy rate.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$1,054 |
| 1 bedroom |
|
$904 |
| 2 bedrooms |
|
$1,641 |
| 3 bedrooms |
|
$1,381 |
At $19,692 in annual revenue, 2-bedroom listings generate roughly 82% more than 1-bedrooms ($10,848) and outperform 3-bedroom properties by about $3,100. For investors evaluating return potential, 2-bedroom configurations offer the best revenue profile in this market, though all segments face a challenging revenue-to-price dynamic given average home values near $635,000.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$12,651 |
| 1 bedroom |
|
$10,848 |
| 2 bedrooms |
|
$19,692 |
| 3 bedrooms |
|
$16,574 |
Parking (96%), kitchens (85%), and patios or balconies (75%) are near-universal across Smithville listings, establishing them as baseline guest expectations. Notable differentiators include pet-friendliness (67%), lake access (21%), and waterfront positioning (19%), signaling that nature-oriented and pet-welcoming properties can tap into a distinct demand segment in this rural-leisure market.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
96% |
| Kitchen |
|
85% |
| Patio or Balcony |
|
75% |
| Self Check-in |
|
71% |
| Backyard |
|
69% |
| Pets |
|
67% |
| Washer |
|
65% |
| Dryer |
|
62% |
| Outdoor Furniture |
|
62% |
| BBQ Grill |
|
52% |
| Workspace |
|
44% |
| Lake Access |
|
21% |
| Pool |
|
19% |
| Waterfront |
|
19% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Smithville Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Below average | 40% |
| Occupancy Stability | Below average | 30% |
| Market Growth Trend | Below average | 15% |
| Supply/Demand Balance | Average | 15% |
Smithville's ROI Score of 28 out of 100 places it in the "Limited" investment band, driven primarily by below-average marks in revenue-to-price ratio, occupancy stability, and market growth trend — only supply/demand balance rates as average. The 155% listing growth without corresponding demand improvement is a key concern, as it dilutes revenue across a growing pool of competing properties. Investors considering this market should pair Rabbu's data with thorough local regulatory research and focus on property-specific opportunities — particularly 2-bedroom homes — where the numbers may still work.
Understanding local STR regulations is essential before investing in Smithville. Here's the current regulatory landscape:
Short-term rental operators in Smithville, TX may need to obtain a permit or register their property with local authorities. Investors should verify current requirements directly with the City of Smithville and Bastrop County before listing.
Common STR restrictions in Texas municipalities can include occupancy limits, noise ordinances, parking requirements, and minimum-stay rules. HOA covenants may impose additional limitations, so reviewing any applicable deed restrictions is essential before purchasing.
Texas requires short-term rental operators to collect and remit state hotel occupancy tax, and local jurisdictions may impose additional lodging or tourism taxes. Many booking platforms handle tax collection automatically, but hosts should confirm compliance with both state and local obligations.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Smithville can provide current regulatory guidance.
Financing an Airbnb investment in Smithville requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Smithville's STR market faces headwinds from a 155% year-over-year surge in active listings, which could compress occupancy further if demand doesn't keep pace. Seasonal data suggests March and April will remain the strongest booking months, but the gap between peak revenue ($1,881 in March) and winter lows ($642 in January) signals meaningful cash-flow volatility. ADR may hold in the $200–$220 range given the market's rural-leisure positioning, though occupancy is more likely to settle around 18–23% unless supply growth moderates. Investors should treat near-term projections conservatively and budget for extended vacancies outside of spring and fall."
— Rabbu Market Analysis Team
Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.
Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month averages as of April 2026 and may not capture recent market shifts. Local regulations and tax obligations can change; investors should verify current requirements with municipal authorities before purchasing.
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