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Are there too many vacation rentals?
We're thinking of getting a vacation rental, but wondering about the market. Are there too many vacation rentals in the market? Are prices for Air Bnb rentals going down?
Asked By Celine | Nashville, TN | 354 views | Market News Trends | 1 year ago
Answer(3)
Chris Yochum
Dickson Realty
There are becoming more and more vacation rentals, though the demand for vacation rentals seems to continue to be high. The rent does fluctuate with the market and seasonal attraction to the area.
- 1 year ago
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Joanne Patience
Iron Valley Real Estate North Florida
Hi Celine - I agree with Chris Yochum; there are more and more vacation rentals. It also depends on where you are looking. In Amelia Island, Florida, many properties are zoned for short-term / vacation rentals. Depending on the time of year, holiday or special events depicts the rental rate. I have recently noticed that many rentals here are booked almost a year out.
- 1 year ago
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Janet Stanek
Lake Homes Realty
While there are a lot of vacation rentals, different municipalities are starting to change zoning and not allow short term rentals. (Short term is often considred less than 30 days). That helps the rentals in municipalities who do still allow short term get filled up even faster. Some municipalities do have a "grandfather clause" for current owners who rent to vacationers. Check with the town where you want to buy to see what they are planning for vacation rental zoning.
- 1 year ago
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