Rent Your Vacation Home or Condo in Monterey, California

It’s a great idea to look at the statistics for the average Monterey vacation rental, and see where you fit in. There are many factors that influence this number, but one of the biggest is how much time people spend on vacation. Research shows that when people take longer vacations, they’re more likely to rent out their home for short-term rentals. If you’re planning a longer vacation, take advantage of this trend by renting out your home for shorter periods of time. This will help you save money and have more time to enjoy your vacation! There are also some positive trends when it comes to Airbnb rentals in Monterey. People tend to rent from home hosts with a high rating, which shows they’re trustworthy and respectful. This means that your property will get more attention and be viewed as a good investment opportunity.

When partnering with RedAwning for your property management needs, we can make sure your Monterey rental is set up correctly and ready to generate the most amount of revenue possible per stay.

Current Vacation Rental Trends in Monterey

During the month of October, Monterey Park, for example, is projected to generate over $329/night for a 2 bedroom vacation rental, on average! There were 260 vacation active rental properties in Monterey.  97 are renting the entire place, and 163 are shared rooms.  On average, during the month of October 2022, each vacation rental property in Monterey Park is booked 71% of the time, and most hosts are projected to generate $5,262 or more during the month of October! Is your home in Monterey, or another neighborhood in Monterey, California? See how much you could earn with your Monterey vacation rental.
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$329.00 Per Night*

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71% Occupied*

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$5,262.00 Per Month*

* Based on the median average of all vacation rentals in the Monterey area.
Get a free estimate for your home or condo.

Vacation Rentals in Monterey are generating record profits with RedAwning.
Find out how you can exceed your revenue goals with RedAwning's property management resources.

Successful short-term vacation rentals in Monterey, California

There are a number of positive trends driving the growth of short-term vacation rentals in Monterey, California. First, there is a growing demand for affordable housing. Rising home prices have pushed many renters out of their homes and into cheaper neighborhoods like Monterey. Due to this, there is an increased demand for rental properties. Second, there is a growing interest in unique experiences. While most people want to stay in hotels or resorts when on vacation, there is also a growing demand for short-term rentals that can offer something different. These can be things like hostels, cottages, tree houses, and so on. Finally, short-term rentals can help people save money. Since they do not need to pay rent or buy house insurance every month, they can save money by renting out their property instead of paying for it to be empty all day.

There are many reasons people decide to rent out their Monterey home for a short period of time. Some vacationers prefer to rent during their off-season, when the house is less likely to be booked up. Others may not want to deal with the hassle of house ownership, preferring to leave the rental process in the hands of an experienced owner manager. Regardless of why you decide to rent out your Monterey home, there are some things you should consider before doing so. First, do your research and make sure that the property complies with local laws and regulations. If you plan on running your short-term rental as a business, it’s important to be aware of your tax obligations and other legal requirements so that you don’t run afoul of any taxes or regulations. Second, make sure that you find a reliable tenant who will respect your property and pay you on time. In addition, never sublease your space without consulting an attorney first. Lastly, made sure that your property is well-maintained and clean at all times so that it can pass inspection easily Any potential vacation rental guest should also understand what they can expect from their stay at the property They should expect a clean and well-maintained property As with any other type of rental property, it is important to take care of your rental property and make sure it looks good when potential guests

RedAwning takes the guess-work out of Monterey property management, and we work with you to ensure your Monterey short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.

See how much your Monterey vacation rental could earn:

Revenue Projections for Vacation Rentals in Monterey Park/Monterey, California during November, 2022

Based on a 2 bedroom, which is the most common Monterey vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in November. Higher bars below can command higher prices, if your Monterey vacation rental is available during these days.
 
$25592%1st
 
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Average Daily Price & Percent Occupied Next Month In Monterey

Note: These averages are based on a 2 bedroom home in Monterey Park. 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.

Interested in learning how you can maximize your vacation rental revenue in Monterey, California?

If you are a speculative home buyer or have another home in California, check out our other California Vacation Rental Management reports in AnaheimBass LakeBuena ParkBurbankCamarilloChicoCosta MesaDana PointHuntington BeachJoshua TreeLaguna BeachLos AngelesMaderaMammoth LakesMarinaOakhurstOaklandOxnardPalm SpringsPasadenaPaso RoblesReddingRedondo BeachSan DiegoSan FranciscoSan Luis ObispoSanta BarbaraSanta CruzSonomaSouth Lake TahoeStocktonThree RiversTuolumne CityVenturaWeavervilleYucca ValleyBear ValleyArnoldGrovelandTruckeeTemeculaTahoe CityKings BeachOlympic ValleyCarnelian BayHomewoodTahomaTahoe VistaWestwoodSanta RosaFresno CountyBig Bear LakeBig Bear CityPismo BeachNewport BeachAvila BeachNapaLake ArrowheadSugarloafSolana BeachFawnskinLa QuintaKirkwoodYosemiteOceanoTwain HarteCathedral CityGualalaLong BeachSky High RanchNorthstarLa JollaBerkeleyAptosHealdsburgThe Sea RanchShaver LakeAnchor BayCorona Del MarEncinitasGuernevilleCold SpringsSugar PineBen LomondPalo AltoGlen EllenPleasantonTwin BridgesDorringtonFort BraggsDaly CityEscondidoForestvilleCrescent CitySan RafaelUkiahLee ViningGrover BeachEl PortalSausalitoAlpine MeadowsJennerPalm Desert ColfaxSan JoseNovatoUnion CityKernvilleArroyo GrandeValenciaMillbraeSebastopolSea RanchSanta AnaSanta MonicaEast Palo AltoCloverdaleOrindaSacramentoIndio,  and Porterville, California or view all of our vacation rental market reports

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