Tempe Arizona Vacation Rental Report
Success Stories & Vacation Rental Trends, Updated October 2022
When considering a vacation rental in Tempe, Arizona, there are a few things to keep in mind. First, is the home going to be available for a limited time? If so, then it’s probably best to find someone who can stay for just a few weeks or months at the most. Second, is the home going to be fully-furnished? If not, then that’s something to think about as well. Finally, how much will it cost? There are a lot of variables when it comes to short-term vacation rentals in Tempe, Arizona and there’s no one size fits all solution.
This Tempe 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 Tempe.
Positive Tempe vacation rental trends include: Tempe is a growing and evolving city. The cost of living is lower than in many other cities, making it an affordable place to live. Tempe has a vibrant music scene and is home to several festivals throughout the year. The weather is warm and sunny most of the time, with dry winters and mild springs and autumns. Although there are few beaches in Tempe itself, Tempe Town Lake is nearby, with plenty of sandy beaches for swimming and boating. There are also a number of parks around the lake that are perfect for picnics or playing catch with the kids. Tempe has a variety of restaurants to choose from, so you can always find something to suit your tastes and budget. Additionally, there are plenty of bars and clubs that cater to everyone’s taste and style, so you will never be bored while staying in Tempe.
Tempe has been a popular vacation destination for many years and continues to see an increase in visitors every year. One reason for this is the location of Tempe: it’s close to Phoenix, with easy access to the nearby attractions, restaurants, and shopping. It also has plenty of affordable accommodations options, ranging from hotels and motels to quaint inns and bed and breakfasts. As a result, it has become one of Arizona’s most popular vacation destinations. There are also several positive trends that you can look for when you decide to rent out your Tempe home as a short-term rental. First, there is a growing demand for short-term rentals in Tempe, especially by people who are looking for an affordable place to stay while visiting Phoenix or other nearby cities. Second, there is a growing number of vacation rentals that are available on platforms like Airbnb, HomeAway and VRBO. This means that you have more opportunities to find suitable tenants and earn some extra income through short-term rental services. So if you’re considering renting out your Tempe home as a short-term rental, don’t hesitate! There are plenty of benefits to doing so.
Note: These averages are based on a 2 bedroom home in Tempe. 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, Phoenix, Scottsdale, Sedona, 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