Washington DC Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Washington, Updated October 2024
Rent Your Vacation Home or Condo in Washington, District Of Columbia
When you're thinking about renting out your home as a short-term rental, it's important to keep in mind the current trends in the Washington, District Of Columbia rental market. Here are some of the most popular positive vacation rental trends in the D.C. area:
1. Increasing popularity of Airbnb: One of the most popular trends in the D.C. rental market right now is the increasing popularity of Airbnb. This is due in part to the fact that Airbnb offers homeowners the opportunity to make money while also giving guests a unique experience. Plus, with Airbnb, you have the added security of knowing that your guests will be treated fairly and with respect.
2. Growing demand for vacation rentals near popular attractions: Another trend that's contributing to the success of short-term rentals in Washington, D.C., is the growing demand for vacation rentals near popular attractions. This is because renters can enjoy all the benefits of a traditional rental property without having to worry about dealing with maintenance or management issues.
3. Increasing popularity of vacation rentals in Georgetown: Georgetown is one of the most popular tourist destinations in Washington, D.C., and it's no surprise that rental properties near Georgetown are in high demand. Not only is Georgetown beautiful, but it's also home to many popular restaurants and nightlife venues.
4. Growing demand for vacation rentals in Northern Virginia: Northern Virginia is a rapidly growing area, and rental properties in this area are in high demand because of this. Northern Virginia is home to many popular tourist destinations, such as Arlington National Cemetery and The Pentagon.
5. Growing demand for vacation rentals in Bethesda: Bethesda is another popular destination in Washington, D.C., and there's reason to believe that rental properties in this area will continue to be in high demand. Bethesda is home to many top-rated restaurants and nightlife venues.
When partnering with RedAwning for your property management needs, we can make sure your Washington rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Current Vacation Rental Trends in Washington
During the month of December, Washington and areas including Capitol Hill, Near Northeast/H Street Corridor, Columbia Heights, Dupont Circle, Logan Circle, Shaw, U Street Corridor, Foggy Bottom, Southwest Waterfront, Adams Morgan, Downtown/Penn Quarter, Petworth, Mount Vernon Square, Georgetown, Eckington, Trinidad, Bloomingdale, 16th Street Heights, Park View, Mount Pleasant, Navy Yard, Kingman Park, Kalorama, Barney Circle, Cleveland Park, Manor Park, Glover Park, Judiciary Square, Brookland, Edgewood, LeDroit Park, Lamond Riggs, Woodley Park, Gallaudet, Carver Langston, Forest Hills, Pleasant Plains, Takoma, and Fairlawn are projected to generate over $206/night for a 2 bedroom vacation rental, on average! There were 5,329 vacation active rental properties in Washington. 4,280 are renting the entire place, and 1,049 are shared rooms. On average, during the month of December 2023, each vacation rental property in Washington is booked 81% of the time, and most hosts are projected to generate $3,517 or more during the month of December! See how much you could earn with our free vacation rental income calculator.
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$206.00 Per Night*
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81% Occupied*
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$3,517.00 Per Month*
* Based on the median average of all vacation rentals in the Washington area.
Get a free estimate for your home or condo.
Get a free estimate for your home or condo.
Featured Washington Vacation Rental Generating Record Profits With RedAwning
Two Bedroom apartment near waterfront Starting at $290 to $519 per night!
Located in Washington in the District of Columbia region, the Apartment features accommodation with free WiFi. Each unit offers a fully equipped kitchen, a flat-screen TV with FREE NETFLIX, a living room with a sofa, a private bathroom and a washing machine. Some units feature a seating area and/or a terrace. Guests can make use of the hot tub and fitness centre. Guests can also relax in the garden, beside the outdoor swimming pool, or in the shared lounge area. 2 minutes walk to the Metro... Read More
This Washington 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 Washington.
Successful short-term vacation rentals in Washington, Florida
When you're looking to make a quick buck and take your vacation in style, why not consider renting out your Washington home as a short-term rental? There are a number of positive trends in the DC rental market right now, and you should capitalize on them if you're interested in renting out your home. For starters, there's a growing demand for vacation rentals among city dwellers who want to escape the hustle and bustle of everyday life. As more and more people live in cities, they're increasingly looking for ways to get away. And with all the new short-term rental services popping up, it's easy for them to find exactly what they're looking for. Another positive trend in the DC rental market is the increasing popularity of furnished apartments. Many people are hesitant to rent out their homes entirely, because they worry about damage or theft. But furnished apartments eliminates that worry, because you have full control over the property and its contents. This is a popular option among city dwellers who want to stay in a familiar environment but still get a little bit of a break from reality. So if you're thinking of renting out your home as a short-term rental, don't hesitate - there's plenty of opportunity in the DC rental market right now.
If you're thinking of renting out your home as a short-term rental, you should be aware of some positive vacation rental trends in Washington, District Of Columbia. For starters, there's been a surge in Airbnb listings in the area over the past few years. This is likely due to the increasing popularity of vacationing in Washington, D.C. as a whole. Additionally, there's been a rise in rental properties that are specifically designed for short-term rentals. This is good news for those who want to make some extra money during the summer months. And last but not least, rental prices have been steadily increasing over the past few years. This means that there are plenty of options for those who want to rent out their home as a short-term rental. So whatever your plans for renting out your home this summer, you'll be able to find the perfect property right here in Washington, District of Columbia.
RedAwning takes the guess-work out of Washington property management, and we work with you to ensure your Washington short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.
See how much your Washington vacation rental could earn:
Revenue Projections for Vacation Rentals in Washington, District Of Columbia during January, 2024
Based on a 2 bedroom, which is the most common Washington 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 January. Higher bars below can command higher prices, if your Washington vacation rental is available during these days.
$23378%1st
$22277%2nd
$21977%3rd
$21576%4th
$22477%5th
$22677%6th
$21777%7th
$21676%8th
$21676%9th
$21476%10th
$21876%11th
$22676%12th
$22876%13th
$22076%14th
$22075%15th
$21475%16th
$21575%17th
$21475%18th
$22075%19th
$22075%20th
$21375%21st
$21375%22nd
$21275%23rd
$21375%24th
$21175%25th
$21975%26th
$22275%27th
$21175%28th
$21075%29th
$21175%30th
$21075%31st
Average Daily Price & Percent Occupied Next Month In Washington
Note: These averages are based on a 2 bedroom home in Washington. 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 Washington, Florida?
If you are a speculative home buyer or have another home in Florida, check out our other Washington DC Vacation Rental Management reports in Florida or view all of our vacation rental market reports
