Springfield Missouri Vacation Rental Report
Success Stories & Vacation Rental Trends, Updated September 2022
By now, you’ve probably heard the term “vacation rental” and know that it’s a popular way to earn extra income. But what does it really mean? And how can you take advantage of this growing trend in your Springfield, Missouri area? There are a number of different reasons why people choose to rent out their homes as short-term rentals. For one thing, it can be a great way to raise extra cash. Plus, renting out your Springfield home as a short-term rental is a low-risk way to see if renting out your home is something you’d like to do long-term.
There are many benefits to renting out your Springfield home as a short-term rental property. Not only does it earn you money, but it also allows you to take advantage of the many opportunities that Springfield offers. One of the biggest advantages is that you can use your home as a central location for family gatherings and group getaways. When you rent out your Springfield home as a short-term rental property, you can also enjoy some additional perks such as free parking and let yourself go with no worries about damage. Additionally, renting out your Springfield home as a short-term rental property can help you save on maintenance costs by reducing the number of cleaning products you need to purchase. If you’re looking to make extra money while relaxing at home, then renting out your Springfield home as a short-term rental property is an ideal solution.
Positive vacation rental trends in Springfield, Missouri when you considering renting out your Springfield home as a short-term rental include: One of the most popular trends is an increase in short-term Airbnb rentals. With Airbnb, homeowners can rent out their property to visitors without having to worry about mortgage, maintenance and other costs. Another trend is that more people are taking shorter vacations instead of longer vacations. A shorter vacation allows you to spend more time experiencing the area while still being able to relax and enjoy yourself during the trip. Finally, there is also a decline in hotel occupancy rates and an increase in demand for hotels and vacation rentals. This means that there is more money available for businesses like Airbnb to spend on advertising and marketing their properties.
Note: These averages are based on a 2 bedroom home in Springfield. 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.
If you are a speculative home buyer or have another home in Missouri, check out our other Missouri Vacation Rental Management reports in Branson, Cape Girardeau, Carthage, Hannibal, Independence, Kansas City, St. Charles, St. Louis, St. Robert, Waynesville, Branson West, Hollister, Blue Eye, and Rockaway Beach, Missouri or view all of our vacation rental market reports