How to Rent Your Vacation Home or Condo in Newport, Kentucky

Short-term vacation rentals are a great way to make extra money, provide affordable housing when you need it most, or even just to have an affordable place to stay while you travel. However, there are some important things to keep in mind before you rent out your home. There are a few things that can make short-term vacation rentals less appealing than long-term rentals. This includes: Safety concerns: short-term rentals can be more dangerous because they're rented out for shorter periods of time and are often used by strangers. In addition, you may not always be able to tell if a guest has been drinking or is behaving erratically.

Current Vacation Rental Trends in Newport

During the month of September, Newport is projected to generate over $133/night for a 2 bedroom vacation rental, on average! There were 40 vacation active rental properties in Newport.  35 are renting the entire place, and 5 are shared rooms.  On average, during the month of September 2022, each vacation rental property in Newport is booked 67% of the time, and most hosts are projected to generate $2,539 or more during the month of September! See how much you could earn with our free vacation rental income calculator.
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$133.00 Per Night*

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67% Occupied*

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$2,539.00 Per Month*

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

Vacation Rentals in Newport are Generating Record Profits with RedAwning

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Successful short-term vacation rentals in Newport, Kentucky

Holiday rentals are becoming a popular short-term rental option for vacationers in Newport. With the warmer weather and spring break season approaching, short-term vacation rentals have become a popular choice for vacationers looking to save money on their trip. Two trends are behind the rise in short-term vacation rentals: First, there is more demand among travelers than supply. As more people use short-term rental sites like VRBO, Airbnb, and HomeAway, supply is limited. This leads to higher prices and fewer options for people who want to rent out their homes during the summer months. Second, the growing popularity of short-term rentals has caused local governments to crack down on unlicensed properties that are acting as vacation rentals. This makes it difficult for people who want to rent out their homes for tourism to find qualified tenants. To avoid these problems, it’s important to get your home licensed and make sure you follow all local regulations.

Over the past year, there have been some positive trends in the short-term vacation rental market in Newport, Kentucky. For example, short-term vacation rentals that are located at a marina or on a beach are usually more popular than those located in the city center. Similarly, short-term rentals that offer a private pool or hot tub are also more popular than those that do not. Finally, short-term rental properties that offer free WiFi access are also more popular than those that do not.

Revenue Projections for Vacation Rentals in Newport, Kentucky during October, 2022

Based on a 2 bedroom, which is the most common Newport 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 October. Higher bars below can command higher prices, if your Newport vacation rental is available during these days.
 
$18380%1st
 
$12475%2nd
 
$11770%3rd
 
$11770%4th
 
$11972%5th
 
$11875%6th
 
$16675%7th
 
$17175%8th
 
$12272%9th
 
$11770%10th
 
$11770%11th
 
$11770%12th
 
$12682%13th
 
$22582%14th
 
$21782%15th
 
$12680%16th
 
$11975%17th
 
$12272%18th
 
$11770%19th
 
$12078%20th
 
$19678%21st
 
$19675%22nd
 
$12170%23rd
 
$11770%24th
 
$11770%25th
 
$11770%26th
 
$12172%27th
 
$17175%28th
 
$17375%29th
 
$12475%30th
 
$11668%31st
 

Average Daily Price & Percent Occupied Next Month In Newport

Note: These averages are based on a 2 bedroom home in Newport. 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 Newport, Kentucky?

If you are a speculative home buyer or have another home in Kentucky, check out our other Kentucky Vacation Rental Management reports in BardstownBowling GreenCovingtonLexingtonLouisvilleOwensboroPaducahShelbyville,  and Williamstown, Kentucky or view all of our vacation rental market reports

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