City of Waco Limiting Future STRs
ATTENTION WACO INVESTORS
Waco City Council just approved a new ordinance that will keep future rentals out of residentially zoned neighborhoods. This ordinance will go into effect in June 15th with the intent of opening up the inventory for future residents.
There are currently 260 STRs in Waco and according to the City Council, the homes in current residential zones will not be able to transfer as an STR to the next buyer.
"Type II short-term rentals, single-family homes with no owner on-site, would no longer be allowed in parts of Waco zoned R-E, R-1A, R-1B and R-1C. Type III rentals, individual units in apartment complexes, would no longer be allowed in R-3A, R-3B, R-3C, R-3D, R-3E, O-2,O-3 and C-1. Mixed use areas including those near Magnolia Market at the Silos would not be affected." -Rhiannon Saegert | Waco Tribune-Herald-
Current STR owners please be advised. Future Waco investors, please do your research and stay up to date on what is happening here.
Trevor Caswell
Jeff Bird Home Selling Team | Keller Williams Realty Waco