Rent Your Vacation Home or Condo in Orange, New Jersey

When it comes to vacationing, Orange is a popular destination for travelers from across the country. With so many lodging options available, you have plenty of choices when it comes to renting out your Orange home as a short-term rental. There are several factors that affect the demand for short-term rentals in Orange. These include the number of tourists visiting the area; the type of lodging being offered; and the season in which they are booked. As such, it’s important to consider these factors before deciding on whether or not to rent out your home as a short-term rental. Plus, there are several ways that you can increase demand for your property as a short-term rental. These include promoting it online; making sure that it is clean and well-maintained; and offering additional amenities like free Wi-Fi or cable TV.

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

Current Vacation Rental Trends in Orange

During the month of October, South Orange, for example, is projected to generate over $165/night for a 2 bedroom vacation rental, on average! There were 12 vacation active rental properties in Orange.  8 are renting the entire place, and 4 are shared rooms.  On average, during the month of October 2022, each vacation rental property in South Orange is booked 71% of the time, and most hosts are projected to generate $2,065 or more during the month of October! Is your home in Orange, or another neighborhood in Orange, New Jersey? See how much you could earn with your Orange vacation rental.
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$165.00 Per Night*

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71% Occupied*

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$2,065.00 Per Month*

* Based on the median average of all vacation rentals in the Orange area.
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Vacation Rentals in Orange 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 Orange, New Jersey

Positive vacation rental trends when you consider renting out your Orange home as a short-term rental. In recent years, the popularity of Airbnb has grown exponentially. And this is a trend that’s likely to continue into the foreseeable future. In fact, it’s estimated that by 2020, Airbnb will be the third-biggest accommodation provider in the world. And this is great news for anyone who’s looking to make some extra cash from their property. After all, Airbnb isn’t just about sleeping in a spare room. It’s about earning money from virtually any space in your home - whether it’s a spare bedroom, an attic, or even your kitchen table.

The occupancy rates for vacation rentals in Orange are constantly increasing, particularly as more people look to Orange as a getaway destination. Many of these vacation rentals are located in high-demand neighborhoods like the Garden State Plaza and downtown Orange. Some of the most popular vacation rental properties include townhouses, condos, and villas. More vacation rentals in Orange are becoming available because of the increase in tourism. There are also more people looking to rent out their home for extra income. The demand for quality housing increases in areas with high demand. Vacation rental sites like AirBnB make it easier for people who don’t have a place to stay to find accommodations that match their needs. If you are considering renting out your Orange home, there are several things to keep in mind. First, check the local rules and regulations before you start advertising your property as a short term rental property. This can help you avoid potential fines or issues with Airbnb or other short term rental platforms.

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

See how much your Orange vacation rental could earn:

Revenue Projections for Vacation Rentals in South Orange/Orange, New Jersey during November, 2022

Based on a 2 bedroom, which is the most common Orange 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 November. Higher bars below can command higher prices, if your Orange vacation rental is available during these days.
 

Average Daily Price & Percent Occupied Next Month In Orange

Note: These averages are based on a 2 bedroom home in South Orange. 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 Orange, New Jersey?

If you are a speculative home buyer or have another home in New Jersey, check out our other New Jersey Vacation Rental Management reports in Atlantic CityNewark,  and Jersey City, New Jersey or view all of our vacation rental market reports

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