Farmington New Mexico Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Farmington, Updated April 2024
Rent Your Vacation Home or Condo in Farmington, New Mexico
When you're considering renting out your Farmington home as a short-term rental, it's important to keep in mind the positive vacation rental trends in Farmington, New Mexico. According to recent studies, there are a number of reasons why people are choosing to rent out their homes instead of staying in them full-time. For one, short-term rental properties tend to be more affordable than traditional hotels. Plus, they offer a more personal experience - you're more likely to get to know the owners and be able to enjoy the property's amenities and surroundings. And last but not least, short-term rentals tend to be more secure than staying in a home that's rented out on a nightly or weekly basis. This is especially important if you have young children or pets who might not be used to being around strangers. So if you're thinking of taking a vacation this year and want to stay in a comfortable and convenient home rather than hotel rooms, consider renting out your Farmington home as a short-term rental.
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 $165/night for a 2 bedroom vacation rental, on average! There were 81 vacation active rental properties in Farmington. 60 are renting the entire place, and 21 are shared rooms. On average, during the month of November 2023, each vacation rental property in Farmington is booked 71% of the time, and most hosts are projected to generate $1,843 or more during the month of November! See how much you could earn with our free vacation rental income calculator.
tag
$165.00 Per Night*
calendar
70% Occupied*
gauge
$1,843.00 Per Month*
* Based on the median average of all vacation rentals in the Farmington area.
Get a free estimate for your home or condo.
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, New York
When you're thinking of renting out your home as a short-term rental, it's important to keep in mind the current trends in Farmington, New Mexico. According to recent studies, there are a number of positive vacation rental trends that you should be aware of. For starters, people are increasingly looking for unique vacation rentals that offers a unique experience. So if you have a home that's perfect for short-term rentals, make sure to emphasize this feature. Additionally, many people are interested in renting out homes that are close to major attractions. So if you have a home located in a popular tourist destination, make sure to highlight this in your rental listing. And finally, many people are looking for homes that offer quality accommodations at an affordable price. So if you can offer your guests quality accommodations at an affordable price, you'll be well on your way to success with short-term rentals in Farmington, New Mexico.
When you're considering renting out your Farmington home as a short-term rental, there are a few positive trends you should keep in mind. For starters, Farmington is one of the fastest-growing cities in the Southwest, so there's plenty of demand for vacation rental properties. Additionally, Farmington is a family-friendly city with plenty of entertainment and activities available. And finally, Farmington is located in a beautiful area that's perfect for hiking, biking, and other outdoor activities. So if you're looking for a great place to stay while you're in the area, consider renting out your Farmington home as a short-term rental.
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, New Mexico during December, 2023
Based on a 2 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.
$16093%1st
$17694%2nd
$15893%3rd
$15893%4th
$17494%5th
$17494%6th
$15793%7th
$17494%8th
$17494%9th
$13990%10th
$13990%11th
$13990%12th
$14191%13th
$14191%14th
$14191%15th
$14491%16th
$14291%17th
$14291%18th
$14391%19th
$14593%20th
$13590%21st
$13590%22nd
$15393%23rd
$14191%24th
$15393%25th
$14191%26th
$13489%27th
$13990%28th
$13088%29th
$13088%30th
$13490%31st
Average Daily Price & Percent Occupied Next Month In Farmington
Note: These averages are based on a 2 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, New York?
If you are a speculative home buyer or have another home in New York, check out our other New Mexico Vacation Rental Management reports in Albuquerque, Santa Fe, Taos, Cloudcroft, Raton, Ruidoso, Las Cruces, and Glenrio, New York or view all of our vacation rental market reports
