Rent Your Vacation Home or Condo in Farmington, Michigan

When you're considering renting out your Farmington home as a short-term rental, you'll want to pay attention to the positive vacation rental trends in Farmington. Here are a few things to keep in mind: 1. Farmington is a popular destination for tourists, so there's always demand for vacation rental homes. 2. The city has a lot of attractions and activities that would be perfect for visitors, such as the Farmington Hills Historical Museum and the Farmer's Market. 3. The area is well-maintained and has a lot of green space, which makes it a great place to stay when you're looking for a relaxing vacation. 4. The locals are friendly and welcoming, so you'll feel right at home when you're in Farmington.

When partnering with RedAwning for your property management needs, we can make sure your Farmington rental is set up correctly and ready to generate the most amount of revenue possible per stay.

Current Vacation Rental Trends in Farmington

During the month of November, Farmington is projected to generate over $155/night for a 3 bedroom vacation rental, on average! There were 52 vacation active rental properties in Farmington.  36 are renting the entire place, and 16 are shared rooms.  On average, during the month of November 2023, each vacation rental property in Farmington is booked 49% of the time, and most hosts are projected to generate $1,615 or more during the month of November! See how much you could earn with our free vacation rental income calculator.
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$155.00 Per Night*

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48% Occupied*

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$1,615.00 Per Month*

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

Vacation Rentals in Farmington 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 Farmington, Michigan

There are a lot of good reasons to rent out your Farmington home as a short-term rental. For one, you could make some extra money while you're away. And if you're looking for a relaxing vacation, renting out your home could be just the thing. Not to mention, renting out your home could be a great way to show off your farmington home and enjoy some extra peace and quiet. Here are some positive vacation rental trends in Farmington when you consider renting out your Farmington home as a short-term rental: 1. People are increasingly looking for vacation rentals that offer a unique experience. If you can provide your guests with something unique - like access to your property during off-hours or access to special areas - they're likely to be impressed. 2. People are also looking for vacation rentals that are eco-friendly and sustainable. By using environmentally friendly practices like using solar power or recycling, you can leave your guests feeling good about their decision to rent from you. 3. Finally, people are interested in vacation rentals that offer a sense of community. By hosting group events or offering shared amenities like pool or hot tub access, you can help create a sense of community among your guests. If you're thinking of renting out your Farmington home as a short-term rental, these are some positive trends to keep in mind. By following these tips, you can ensure that your guests have a positive experience and that your farmington home is well-used and appreciated.

When you're considering renting out your Farmington home as a short-term rental, it's important to keep in mind the trends in Farmington and the surrounding area. One of the most popular vacation rental destinations in Farmington is Lake Michigan. So if you're looking to attract guests who are interested in enjoying a relaxing vacation by the water, you should consider listing your property as a rental near Lake Michigan. Another popular destination for short-term rental properties in Farmington is the Detroit area. So if you're looking to attract guests who are interested in exploring one of America's most dynamic cities, you should list your property as a rental near Detroit. And finally, if you're looking to attract guests who are interested in enjoying the natural beauty of Farmington Township, you should list your property as a rental near some of the area's beautiful lakes and forests. Whatever your reasons for wanting to rent out your Farmington home as a short-term rental, it's important to keep up with the trends in the area and list your property accordingly. By doing this, you'll be able to attract guests who are interested in enjoying the many attractions and activities that Farmington has to offer.

RedAwning takes the guess-work out of Farmington property management, and we work with you to ensure your Farmington short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.

See how much your Farmington vacation rental could earn:

Revenue Projections for Vacation Rentals in Farmington, Michigan during December, 2023

Based on a 3 bedroom, which is the most common Farmington 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 Farmington vacation rental is available during these days.
 
$37596%1st
 
$28894%2nd
 
$28094%3rd
 
$27794%4th
 
$27394%5th
 
$27294%6th
 
$27394%7th
 
$28594%8th
 
$28694%9th
 
$27894%10th
 
$27594%11th
 
$23192%12th
 
$23192%13th
 
$23392%14th
 
$24292%15th
 
$28894%16th
 
$37596%17th
 
$33394%18th
 
$33394%19th
 
$37596%20th
 
$37596%21st
 
$37596%22nd
 
$29294%23rd
 
$29294%24th
 
$24492%25th
 
$24292%26th
 
$24092%27th
 
$27890%28th
 
$31590%29th
 
$31090%30th
 
$35792%31st
 

Average Daily Price & Percent Occupied Next Month In Farmington

Note: These averages are based on a 3 bedroom home in Farmington. 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 Farmington, Michigan?

If you are a speculative home buyer or have another home in Michigan, check out our other Michigan Vacation Rental Management reports in Ann ArborBay CityDetroitFrankenmuthGrand HavenGrand RapidsHollandKalamazooLansingSault Ste. MarieTraverse CityAddisonSaugatuckFrankfortDouglasSouth HavenSt. JosephCarp LakeCopper HarborOnawayThompsonvilleWest Bloomfield TownshipBirminghamEast TawasFarwellSouthfieldPontiacFennvilleSaginawKewadinLudingtonTaylorHarbor PointHonorBoyne CityBrownstown Charter TownshipFentonHarrisonHamtramckBrooklynCaledoniaErieDowagiacAlanson,  and Elmira, Michigan or view all of our vacation rental market reports

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