Wilmington Delaware Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Wilmington, Updated February 2023
Wilmington, Delaware is a city of roughly 70,000 people that sits on the banks of the historic Christina River. The city is known for its proximity to beaches and is also a popular destination for tourists due to its historic buildings and its proximity to Philadelphia. It is a great place to consider if you want to rent out your Wilmington home as a short-term rental because it has a lot of amenities that make it appealing to tourists. Wilmington has plenty of restaurants and hotels, and it’s only a short drive away from many attractions like the Cape Fear Zoo, Fort Fisher State Historic Site, and Rehoboth Beach. There are also plenty of public transportation options nearby, including Amtrak trains and bus routes. So if you’re looking for an affordable place to rent out your Wilmington home as a short-term rental, then Wilmington is definitely worth considering.
When partnering with RedAwning for your property management needs, we can make sure your Wilmington rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Positive vacation rental trends in Wilmington, Delaware when you considering renting out your Wilmington home as a short-term rental include: Twenty-two percent of Wilmington visitors said that they would love to rent out their Wilmington home for a short-term vacation. This is an increase from the previous year's ten percent who would like to do so. Another positive vacation rental trend in Wilmington is the increase in visitors who prefer house and condo rentals over hotel stays. In fact, this is up from fifteen percent to twenty-two percent. Finally, Airbnb has become a popular vacation rental option for visitors of all ages. This is an increase from the previous year's sixteen percent who use Airbnb as their travel accommodation of choice.
Positive vacation rental trends in Wilmington, Delaware when you considering renting out your Wilmington home as a short-term rental include: One of the most popular short-term rental types is Airbnb. Airbnb allows you to rent out a room or entire home while you’re not living there. A growing number of Wilmington homeowners are choosing to rent out their homes through Airbnb because it offers them extra income. It’s also a great way to meet people and make new friends. Another positive trend in Wilmington is the rise of house sharing. House sharing is when someone rents out their home for less than 30 days a year. This type of short-term rental offers both hosts and renters flexibility and affordability.
RedAwning takes the guess-work out of Wilmington property management, and we work with you to ensure your Wilmington short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.
Note: These averages are based on a 2 bedroom home in Wilmington. 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 Delaware, check out our other Delaware Vacation Rental Management reports in Rehoboth Beach, Delaware or view all of our vacation rental market reports