Ocean City Maryland Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Ocean City, Updated October 2024
Rent Your Vacation Home or Condo in Ocean City, Maryland
With such a large population of vacationers in Ocean City, it is no surprise that there is a growing demand for short-term rental homes. In fact, the number of vacation rentals in Ocean City has increased by more than 2,000% over the past decade. This growth has contributed to a significant increase in tourism revenue and overall economic activity in Ocean City. As a result, there are now more options for visitors when it comes to finding accommodations during their trip. There are several benefits to renting out your Ocean City home as a short-term rental property. First and foremost, you will receive a substantial amount of additional income from rental fees each month. Since short-term rental rates tend to be significantly lower than long-term rates, you will benefit greatly from the extra cash flow. Additionally, your property will likely be more appealing to potential renters when compared to a typical owner-occupied home. When properly marketed online, short-term rentals can also be an effective means of increasing your exposure and expanding your online presence.
When partnering with RedAwning for your property management needs, we can make sure your Ocean City rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Current Vacation Rental Trends in Ocean City
During the month of November, Ocean City is projected to generate over $240/night for a 2 bedroom vacation rental, on average! There were 6,464 vacation active rental properties in Ocean City. 6,399 are renting the entire place, and 65 are shared rooms. On average, during the month of November 2023, each vacation rental property in Ocean City is booked 36% of the time, and most hosts are projected to generate $1,764 or more during the month of November! See how much you could earn with our free vacation rental income calculator.
tag
$240.00 Per Night*
calendar
35% Occupied*
gauge
$1,764.00 Per Month*
* Based on the median average of all vacation rentals in the Ocean City area.
Get a free estimate for your home or condo.
Get a free estimate for your home or condo.
Featured Ocean City Vacation Rental Generating Record Profits With RedAwning
Pilot House 5 Starting at $581 to $1,297 per night!
This incredible four level direct ocean front townhouse has it all! Once you see the panoramic views from the giant oceanfront decks you will never want to leave! A stunning four bedroom, three and a half bath layout will accommodate everyone in your gathering. This convenient location is close to many popular bars, restaurants, amusements, miniature golf and shopping. Relax and enjoy expansive views from three separate oceanfront decks or hang out on one of three bayside decks. A ground... Read More
This Ocean City 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 Ocean City.
Successful short-term vacation rentals in Ocean City, Maryland
Ocean City is a popular beach destination in Maryland. With more than 60 beaches to choose from, it’s easy to find the perfect spot for you and your family. There are plenty of things to do while you’re there as well. You can visit the many parks or head out to one of the many restaurants on the boardwalk. There’s also shopping and plenty of nightlife options. One of the biggest advantages of renting a vacation home in Ocean City is that you can rent it when you want. This can be a big benefit if you have a busy schedule and need to be able to book your rental months in advance. You can also rent out your home for longer than just a few weeks at a time if that’s what works best for your situation.
Ocean City is the perfect place to relax and enjoy the sun. Short-term rentals offer visitors a way to stay in Ocean City while they explore the area and take advantage of all the local attractions, restaurants, and activities that make it a top vacation destination. While Ocean City’s housing market is strong, rental demand is rising with more and more people looking to rent their homes for a vacation. Short-term rentals can be a great option for homeowners looking to earn extra income or for those who want to put their home on the market but are waiting for the right time in order to get the most value out of their property. Many short-term rental properties also have amenities that regular rental properties don’t have, like access to beach equipment like chairs and umbrellas, so you can make your guests feel right at home.
RedAwning takes the guess-work out of Ocean City property management, and we work with you to ensure your Ocean City short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.
See how much your Ocean City vacation rental could earn:
Revenue Projections for Vacation Rentals in Ocean City, Maryland during December, 2023
Based on a 2 bedroom, which is the most common Ocean City 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 Ocean City vacation rental is available during these days.
$19273%1st
$19273%2nd
$18171%3rd
$17970%4th
$17970%5th
$17970%6th
$18071%7th
$19071%8th
$19071%9th
$18170%10th
$17970%11th
$17970%12th
$17970%13th
$18070%14th
$18971%15th
$18971%16th
$18170%17th
$17970%18th
$17970%19th
$18070%20th
$18170%21st
$19170%22nd
$19271%23rd
$18771%24th
$18071%25th
$17971%26th
$18072%27th
$18172%28th
$19373%29th
$19673%30th
$19768%31st
Average Daily Price & Percent Occupied Next Month In Ocean City
Note: These averages are based on a 2 bedroom home in Ocean City. 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 Ocean City, Maryland?
If you are a speculative home buyer or have another home in Maryland, check out our other Maryland Vacation Rental Management reports in Annapolis, Baltimore, Berlin, Cockeysville, Bel Air, Huntingtown, Kensington, Saint Charles, Brunswick, Laurel, Owings Mills, Upper Marlboro, Quantico, North Potomac, Lusby, Fairmount Hgt, Mchenry, Chestertown, Boonsboro, Taneytown, and Odenton, Maryland or view all of our vacation rental market reports
