Rent Your Vacation Home or Condo in Old Lyme, Connecticut

If you're considering renting out your Old Lyme home as a short-term rental, you should know that there are several positive vacation rental trends in the area. For starters, there's a growing trend of people looking for unique and quirky rental properties. This is due in part to the fact that short-term rentals offer a unique opportunity for homeowners to make some extra money without having to spend time on maintenance or marketing. Additionally, Old Lyme is a historical and culturally rich town, which means that there's a lot of potential for rental properties that cater to tourists and visitors. And finally, Old Lyme is located in close proximity to some of the best beaches in Connecticut, so renters can enjoy the oceanfront views while still staying close to town. So if you're looking for a vacation rental that offers all the amenities and attractions that you're looking for, look no further than Old Lyme!

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

Current Vacation Rental Trends in Old Lyme

During the month of November, Old Lyme is projected to generate over $315/night for a 3 bedroom vacation rental, on average! There were 100 vacation active rental properties in Old Lyme.  93 are renting the entire place, and 7 are shared rooms.  On average, during the month of November 2023, each vacation rental property in Old Lyme is booked 62% of the time, and most hosts are projected to generate $3,600 or more during the month of November! See how much you could earn with our free vacation rental income calculator.
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$315.00 Per Night*

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61% Occupied*

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$3,600.00 Per Month*

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

Vacation Rentals in Old Lyme 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 Old Lyme, Connecticut

If you're thinking of renting out your Old Lyme home as a short-term rental, you'll want to keep a few things in mind. For starters, there are a number of positive vacation rental trends in Old Lyme that you should be aware of. For example, there's been an increase in visitors who are looking for properties that offer unique experiences and are located in unique locales. Additionally, many visitors are interested in properties that are close to the city but are still quiet and peaceful. And lastly, home owners who rent out their properties as short-term rentals have found that they enjoy having more control over the guests who are staying in their homes. This means that they can set their own rules and restrictions, which often leads to a more positive experience for both the home owner and the guest. So if you're thinking of renting out your Old Lyme home as a short-term rental, make sure to keep these trends in mind.

When you're considering whether or not to rent out your home as a short-term rental, it's important to keep in mind the current trends in Old Lyme, Connecticut. According to recent studies, there are a number of reasons why people are choosing to rent out their homes through short-term rental platforms like Airbnb. One reason is that short-term rental platforms allow homeowners to diversify their income streams. For example, if you're a homeowner in Old Lyme who wants to supplement your income with short-term rentals, renting out your home through a short-term rental platform is a great way to do that. Not only will you make extra money from renting out your home, but you'll also be able to enjoy the benefits of having a vacation home while you're doing it. Another reason that people are choosing to rent out their homes through short-term rental platforms is that they're looking for something unique and special. Many people who rent out their homes through short-term rental platforms are looking for something different than what they can find available through traditional housing marketplaces. For example, some homeowners in Old Lyme are looking for vacation homes that they can use for weekends or weeklong stays. Others are looking for properties that they can use as crash pads while they're working on their own projects. Whatever your reasons for wanting to rent out your home through a short-term rental platform, it's important to keep in mind the current trends in Old Lyme. By doing so, you'll be able to find the perfect property for your needs and enjoy the benefits that come along with being a homeowner in Old Lyme - including sunny skies and plenty of opportunities for relaxation and recreation.

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

See how much your Old Lyme vacation rental could earn:

Revenue Projections for Vacation Rentals in Old Lyme, Connecticut during December, 2023

Based on a 3 bedroom, which is the most common Old Lyme 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 December. Higher bars below can command higher prices, if your Old Lyme vacation rental is available during these days.
 
$32784%1st
 
$32784%2nd
 
$31180%3rd
 
$31677%4th
 
$31777%5th
 
$31777%6th
 
$32478%7th
 
$33080%8th
 
$32880%9th
 
$31878%10th
 
$31976%11th
 
$31976%12th
 
$31976%13th
 
$31976%14th
 
$32576%15th
 
$33079%16th
 
$32075%17th
 
$31975%18th
 
$32377%19th
 
$33777%20th
 
$34679%21st
 
$35377%22nd
 
$36183%23rd
 
$36984%24th
 
$36785%25th
 
$36982%26th
 
$35681%27th
 
$35280%28th
 
$35479%29th
 
$34980%30th
 
$34776%31st
 

Average Daily Price & Percent Occupied Next Month In Old Lyme

Note: These averages are based on a 3 bedroom home in Old Lyme. 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 Old Lyme, Connecticut?

If you are a speculative home buyer or have another home in Connecticut, check out our other Connecticut Vacation Rental Management reports in HartfordNew HavenOld MysticGrotonMysticHamden,  and Bethlehem, Connecticut or view all of our vacation rental market reports

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