Newport Kentucky Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Newport, Updated October 2024
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.
When partnering with RedAwning for your property management needs, we can make sure your Newport rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Current Vacation Rental Trends in Newport
During the month of November, Newport is projected to generate over $140/night for a 2 bedroom vacation rental, on average! There were 59 vacation active rental properties in Newport. 51 are renting the entire place, and 8 are shared rooms. On average, during the month of November 2023, each vacation rental property in Newport is booked 56% of the time, and most hosts are projected to generate $1,595 or more during the month of November! See how much you could earn with our free vacation rental income calculator.
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$140.00 Per Night*
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55% Occupied*
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$1,595.00 Per Month*
* Based on the median average of all vacation rentals in the Newport area.
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Get a free estimate for your home or condo.
Vacation Rentals in Newport 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 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.
RedAwning takes the guess-work out of Newport property management, and we work with you to ensure your Newport short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.
See how much your Newport vacation rental could earn:
Revenue Projections for Vacation Rentals in Newport, Kentucky during December, 2023
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 December. Higher bars below can command higher prices, if your Newport vacation rental is available during these days.
$13781%1st
$13580%2nd
$12778%3rd
$12778%4th
$12678%5th
$12678%6th
$12778%7th
$13878%8th
$13580%9th
$11973%10th
$11873%11th
$11873%12th
$11873%13th
$11973%14th
$12576%15th
$12776%16th
$12175%17th
$12075%18th
$12075%19th
$12075%20th
$12376%21st
$12778%22nd
$13178%23rd
$11578%24th
$12276%25th
$12078%26th
$12078%27th
$12175%28th
$13273%29th
$13075%30th
$11771%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 Bardstown, Bowling Green, Covington, Lexington, Louisville, Owensboro, Paducah, Shelbyville, Williamstown, Bellevue, Finley, Wilsonville, Glasgow, Richmond, Pomeroyton, Lakeview Heights, Gillmore, Calvary, Simpsonville, and Maud, Kentucky or view all of our vacation rental market reports
