Charleston South Carolina Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Charleston, Updated June 2023
Rent Your Vacation Home or Condo in Charleston, South Carolina
Charleston is slowly becoming one of the hottest vacation destinations in the United States. With its beautiful natural landscapes and charming historic sites, it’s no wonder why people are flocking to the city. There are several reasons why Charleston is such a popular destination. First of all, it’s a nice place to visit year-round. Charleston has mild winters and warm summers, which makes it a great choice for people who love warm weather. In addition, there are plenty of outdoor activities that can be enjoyed year-round, such as hiking and biking. Charleston also has many attractions for visitors of all ages, which means that there are plenty of activities for both adults and children. Finally, Charleston is relatively affordable, making it an attractive vacation destination for people on a budget.
When partnering with RedAwning for your property management needs, we can make sure your Charleston rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Current Vacation Rental Trends in Charleston
During the month of February, Charleston and areas including Cannonborough Elliotborough, Harleston Village, French Quarter, Parc Circle, Westside, Anson Borough Homes, Radcliffeborough, North-Central, South of Broad, Hampton Park Terrace, and Nomo are projected to generate over $289/night for a 2 bedroom vacation rental, on average! There were 2,227 vacation active rental properties in Charleston. 1,961 are renting the entire place, and 266 are shared rooms. On average, during the month of February 2023, each vacation rental property in Charleston is booked 65% of the time, and most hosts are projected to generate $4,588 or more during the month of February! See how much you could earn with our free vacation rental income calculator.
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$289.00 Per Night*
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64% Occupied*
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$4,588.00 Per Month*
* Based on the median average of all vacation rentals in the Charleston area.
Get a free estimate for your home or condo.
Get a free estimate for your home or condo.
Vacation Rentals in Charleston 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 Charleston, South Carolina
There is a lot of competition in the Charleston, South Carolina short-term rental market. This makes it an attractive market for people who are looking for a quick cash flow solution. One of the biggest advantages of a short-term rental is that you can monetize your property immediately. You don’t have to worry about building equity or waiting for tenants to move in and out. It’s also a great way to test the market before committing to long-term rentals.
Positive vacation rental trends in Charleston, South Carolina when you considering renting out your Charleston home as a short-term rental include: There are many vacation rentals in Charleston, South Carolina listed on Airbnb. Renting out your home will give you extra income and help provide more funding for your dream vacation. When choosing an Airbnb listing, be sure to read the reviews and choose a property that is located near popular tourist attractions. If there isn't a lot of listings in your area, consider renting out your entire home. You will receive more money per night and be able to make a bigger impact on the local economy. You can also offer visitors free food or other amenities such as Wi-Fi or parking.
RedAwning takes the guess-work out of Charleston property management, and we work with you to ensure your Charleston short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.
See how much your Charleston vacation rental could earn:
Revenue Projections for Vacation Rentals in Charleston, South Carolina during March, 2023
Based on a 2 bedroom, which is the most common Charleston 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 March. Higher bars below can command higher prices, if your Charleston vacation rental is available during these days.
$23676%1st
$28380%2nd
$33685%3rd
$33985%4th
$29080%5th
$25778%6th
$25277%7th
$25378%8th
$28781%9th
$33383%10th
$33785%11th
$29181%12th
$27079%13th
$26680%14th
$26280%15th
$28982%16th
$33582%17th
$33782%18th
$28178%19th
$25576%20th
$25175%21st
$25576%22nd
$29379%23rd
$34282%24th
$34282%25th
$28177%26th
$25776%27th
$25975%28th
$26175%29th
$30378%30th
$35682%31st
Average Daily Price & Percent Occupied Next Month In Charleston
Note: These averages are based on a 2 bedroom home in Charleston. 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 Charleston, South Carolina?
If you are a speculative home buyer or have another home in South Carolina, check out our other South Carolina Vacation Rental Management reports in Greenville, Myrtle Beach, Pawleys Island, Hilton Head Island, North Myrtle Beach, Garden City Beach, Surfside Beach, Hilton Head, Garden City, Little River, Edisto Beach, Longs, Pickens, Winnsboro, Beaufort, Columbia, and Salem, South Carolina or view all of our vacation rental market reports
