Huntsville Alabama Vacation Rental Report
Success Stories & Vacation Rental Trends, Updated September 2022
Positive vacation rental trends in Huntsville, Alabama when you considering renting out your Huntsville home as a short-term rental are: There are many benefits to renting out your home while on vacation. Your property will increase in value and you will get to spend more time away relaxing. You can also increase your rental income by simply sharing your home with tourists. If you have extra space, consider renting out your Huntsville garage or basement. There are also downsides to short-term rentals such as increased wear and tear on your property, noise and disruption of neighbors, and increased risk of break-ins. However, these risks can be mitigated if you follow the proper etiquette.
Positive vacation rental trends in Huntsville, Alabama when you considering renting out your Huntsville home as a short-term rental include the following: In short-term rentals, there is a trend for more active owners who want to be involved in their home and rent it out at their leisure. In addition, there are owners who are looking for an additional source of income. Finally, there is also a trend for people to use short-term rentals as a way to travel. As these trends continue, we can expect that short-term rentals will become more prevalent. In addition to positive trends like these, there are other things you should keep in mind when deciding whether or not to rent out your Huntsville home as a short-term rental. One thing to consider is the value of the home. Is it worth renting out? Would you be able to sell it if you wanted? Another thing is how easy it is to manage the property while it’s being rented out. Are there any maintenance issues that could arise while the home is being rented out?
The Huntsville, Alabama area has seen a surge in popularity for short-term vacation rentals. With an increasing population and a low vacancy rate, there’s a growing demand for homeowners looking to make some money off the side. Not only is this a great way to earn extra income, but it also provides homeowners with a valuable opportunity to interact with new people and expand their social network. You can learn more about the benefits of short-term rental by reading our article: The Benefits of Short-Term Rentals. One thing that you should keep in mind when renting out your house as a short-term rental is that you will be required to collect and remit taxes on the rental income. Furthermore, you will need to ensure that the property meets all fire safety and other code requirements.
Note: These averages are based on a 2 bedroom home in Huntsville. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.
If you are a speculative home buyer or have another home in Alabama, check out our other Alabama Vacation Rental Management reports in Birmingham, Dauphin Island, Florence, Fort Payne, Gulf Shores, Montgomery, Muscle Shoals, Orange Beach, Selma, and Foley, Alabama or view all of our vacation rental market reports