Phoenix Arizona Vacation Rental Report
Success Stories & Vacation Rental Trends, Updated September 2022
Positive vacation rental trends in Phoenix, Arizona when you considering renting out your Phoenix home as a short-term rental include: low vacancy rates and steady demand. Vacation rentals are increasingly popular in Phoenix, Arizona, due to an increasing number of visitors to the city each year. Being a short-term rental property can bring many benefits, including the opportunity to increase your income and reduce your costs. Short-term rentals can also help you reduce the risk of loss or damage to your property, which can be an important consideration if you have important items inside. Another positive trend is that more people are choosing to rent their homes when they travel. This means there’s always demand for short-term rentals in Phoenix, Arizona.
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This Phoenix vacation home is presented on every travel website, where travelers are looking to book accommodations (Airbnb, VRBO, Expedia, Google Travel, and hundreds more). And, with RedAwning's dynamic pricing, daily rates are adjusted based on seasonality and demand in Phoenix.
When you’re considering the possibility of renting out your Phoenix home as a short-term rental, there are a number of positive trends that you can look for to make sure that you’re going to end up with a successful and profitable vacation rental experience. One of the most important factors to consider is your target market. If you’re trying to rent out your Phoenix home as a short-term rental, it’s important to think about what kind of people are going to be looking for a vacation property in the area that you’re offering. If you’re trying to rent out your Phoenix home as a short-term rental, it’s important to think about what kind of people are going to be looking for a vacation property in the area that you’re offering. Another important factor to consider when you’re thinking about renting out your Phoenix home as a short-term rental is the competition. There are many other short-term vacation rentals available in Phoenix, so it’s important to do everything that you can to stand out from the crowd. One way that you can do this is by offering attractive pricing and great amenities.
When you decide to list your Phoenix home as a vacation rental, there are few things to keep in mind. First of all, it is important to understand the regulations surrounding short-term rentals in Phoenix. While Airbnb has become very popular in recent years, it is not legal for people to rent out their Phoenix home as a short-term rental if they do not have a bed and breakfast license or other type of business license required by the city. As well, homeowners should be aware that if their home is located in an area that is zoned for commercial use, they may need to apply for a special permit from the city before renting out their Phoenix home as a short-term rental.
Note: These averages are based on a 2 bedroom home in Phoenix. 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 Arizona, check out our other Arizona Vacation Rental Management reports in Flagstaff, Gilbert, Holbrook, Scottsdale, Sedona, Tempe, Tucson, Lake Havasu, Chandler, Mesa, Surprise, Pine, Queen Creek, Maricopa, Cave Creek, Glendale, San Tan Valley, Goodyear, Fountain Hills, Paradise Valley, Bellemont, Litchfield Park, Sun City West, Sun Lakes, Show Low, Munds Park, Casa Grande, Payson, Pinetop Lakeside, and Gold Canyon, Arizona or view all of our vacation rental market reports