Rent Your Vacation Home or Condo in Niagara Falls, New York

By taking advantage of Niagara Falls’s prime location, you can attract more people to your vacation rental property. This can help increase the demand for your rental property and make it a more attractive option to potential vacationers. One of the most important things to remember when considering short-term rentals is that you need to be clear about who is allowed to stay in your home. You must also be aware of all the rules and regulations related to short-term rentals in Niagara Falls, New York.

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

Current Vacation Rental Trends in Niagara Falls

During the month of September, Niagara Falls is projected to generate over $219/night for a 3 bedroom vacation rental, on average! There were 389 vacation active rental properties in Niagara Falls.  338 are renting the entire place, and 51 are shared rooms.  On average, during the month of September 2022, each vacation rental property in Niagara Falls is booked 85% of the time, and most hosts are projected to generate $4,554 or more during the month of September! See how much you could earn with our free vacation rental income calculator.
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$219.00 Per Night*

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84% Occupied*

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$4,554.00 Per Month*

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

Vacation Rentals in Niagara Falls 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 Niagara Falls, New York

Positive vacation rental trends in Niagara Falls, New York when you considering renting out your Niagara Falls home as a short-term rental include: Plus, short-term rentals are great for people who want to take advantage of the area's many attractions, such as museums and parks. You can also rent a home close to the water if you want to enjoy kayaking and fishing while you're in town. And another upside of short-term rentals is that they can help homeowners make some extra money. If you have an extra room or two that's not being used, renting it out online could be a good option for income. And finally, there's no reason why vacation homes shouldn't be part of the local housing stock. These days, there are so many ways to rent out your property short term that it makes sense for everyone - from first-timers to long-time residents - to get involved.

Ontario’s latest budget proposes the introduction of a provincial land transfer tax. This means that short-term rental properties and vacant residential lots would be subject to this new tax. The Ontario government has stated that the idea behind the tax is to encourage people to buy homes so they can build equity and contribute to the local economy. However, many believe that the tax will actually discourage people from buying homes and hence drive up rents. The proposed tax could also create a shortage of rental units for first-time homebuyers who are looking to enter the market. The Ontario government has yet to release details on how much it wants to charge or how it intends to enforce the new tax. Until these details become clear, it is difficult to assess how impactful this new policy will be in practice. As any property owner or potential renter knows, circumstances change over time. If you have any questions about short term rentals in Niagara Falls, New York please contact us today!

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

See how much your Niagara Falls vacation rental could earn:

Revenue Projections for Vacation Rentals in Niagara Falls, New York during October, 2022

Based on a 3 bedroom, which is the most common Niagara Falls 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 October. Higher bars below can command higher prices, if your Niagara Falls vacation rental is available during these days.
 
$24975%1st
 
$17174%2nd
 
$16972%3rd
 
$16771%4th
 
$16871%5th
 
$17473%6th
 
$26276%7th
 
$27478%8th
 
$19678%9th
 
$16670%10th
 
$16669%11th
 
$16368%12th
 
$16670%13th
 
$24770%14th
 
$25370%15th
 
$17070%16th
 
$16468%17th
 
$16268%18th
 
$16167%19th
 
$16367%20th
 
$24269%21st
 
$24071%22nd
 
$16868%23rd
 
$16267%24th
 
$16468%25th
 
$16469%26th
 
$17071%27th
 
$24671%28th
 
$26471%29th
 
$18570%30th
 
$16970%31st
 

Average Daily Price & Percent Occupied Next Month In Niagara Falls

Note: These averages are based on a 3 bedroom home in Niagara Falls. 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 Niagara Falls, New York?

If you are a speculative home buyer or have another home in New York, check out our other New York Vacation Rental Management reports in AlbanyBeaconBuffaloCooperstownHyde ParkJamestownLake GeorgeNew YorkPoughkeepsieSaratoga SpringsUticaChautauquaEllicottvilleManhattanFar RockawayMayvilleQueensGreat ValleyAshvilleDewittvilleHammondLittle ValleyNapanochSouthamptonBemus PointElleryMaple SpringsBrooklynTampa,  and Jersey City, New York or view all of our vacation rental market reports

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