Lubbock Texas Vacation Rental Managers
Income Estimates And Tips To Run a Successful Short Term Rental in Lubbock, Updated October 2024
Rent Your Vacation Home or Condo in Lubbock, Texas
When looking for a vacation property in Lubbock, you should consider renting out your home for short-term rentals. These are short-term rentals that are rented out for a few days or weeks at a time. There is a lot of demand for short-term rentals, especially during the summer and winter holidays. This is because many people want to get away from their busy lives and spend some time relaxing at a beach house or ski chalet. There are also lots of people who want to stay in an area while they visit family or friends in the area. In general, short-term rentals tend to be more popular than long-term rentals. This is because tourists don’t want to commit to a full week or month at one location, so they prefer to rent out a room for just a few days or weeks at a time. They can then move on if they don’t like it once they have experienced their preferred part of town. There are also several advantages to renting out your Lubbock home as a short-term rental. First of all, it can be an effective way to make extra money if you plan ahead and advertise your property well in advance. It can also be great exposure if you are looking to attract more visitors to the area. And if you choose the right property, renting out your Lubbock home as a short
When partnering with RedAwning for your property management needs, we can make sure your Lubbock rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Current Vacation Rental Trends in Lubbock
During the month of November, Lubbock is projected to generate over $178/night for a 3 bedroom vacation rental, on average! There were 969 vacation active rental properties in Lubbock. 898 are renting the entire place, and 71 are shared rooms. On average, during the month of November 2023, each vacation rental property in Lubbock is booked 42% of the time, and most hosts are projected to generate $1,759 or more during the month of November! See how much you could earn with our free vacation rental income calculator.
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$178.00 Per Night*
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42% Occupied*
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$1,759.00 Per Month*
* Based on the median average of all vacation rentals in the Lubbock area.
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Featured Lubbock Vacation Rental Generating Record Profits With RedAwning
Homestead House A Home Away From Home Starting at $95 to $695 per night!
YOUR HOME AWAY FROM HOME. This three bedroom, two bathroom brick home sleeps up to 6 people. there two queen beds, two twin beds, and two twin air mattresses there’s enough room for everyone. This home is located in the Shadow Hills public golf course division and also features a double garage (with door openers), a gas fireplace, and a large backyard with covered patio & grill. It’s in a great location and close to two universities, two shopping centers (South Plains Mall... Read More
This Lubbock vacation home is presented on every travel website, where travelers are looking to book accommodations (Airbnb, VRBO, Expedia, Google Travel, and hundreds more). And, with RedAwning's dynamic pricing, daily rates are adjusted based on seasonality and demand in Lubbock.
Successful short-term vacation rentals in Lubbock, Texas
When you first consider renting out your Lubbock home as a short-term rental, there are some positive trends that you should be aware of. For one thing, Lubbock is a very affordable city, with an average home price of only $119,300. That means that homeowners can expect to make a healthy return on their investment when they rent out their property for short-term visitors. In addition, there are many families looking for affordable vacation rentals in Lubbock. As the city continues to grow and become more popular among tourists, more families are coming to Lubbock for fun vacations. This means that you’ll have plenty of potential customers when you decide to rent out your home as a short-term rental. Finally, it’s important to note that there’s a difference between short-term rentals and illegal hotels. While there is an increase in illegal hotels in Lubbock due to the high demand for short-term rentals, this doesn’t mean that all short-term rentals are illegal hotels. Instead, it’s important to do your research before choosing a short-term rental property in order to avoid any problems.
When deciding to rent out your Lubbock home as a short-term rental or vacation rental, be aware of some key positive trends that are happening in the area. There is strong demand for short-term rentals, with more than 3,000 Airbnb listings in the area. This has led to many homeowners offering their properties for rent, either on a full-time basis or on a short-term basis. While this could lead to an increase in visitors, it also means that more people can afford to rent out their homes. In addition, it is a great way to make extra money. Towards the end of 2017, the city council passed a new law that made it easier for people to rent out their homes for short periods of time. This has helped fuel the trend as more people look to rent out their Lubbock property as a way of earning extra cash.
RedAwning takes the guess-work out of Lubbock property management, and we work with you to ensure your Lubbock short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.
See how much your Lubbock vacation rental could earn:
Revenue Projections for Vacation Rentals in Lubbock, Texas during December, 2023
Based on a 3 bedroom, which is the most common Lubbock 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 Lubbock vacation rental is available during these days.
$19171%1st
$19674%2nd
$15365%3rd
$14961%4th
$14860%5th
$15361%6th
$16061%7th
$20565%8th
$20465%9th
$15959%10th
$15158%11th
$15358%12th
$15861%13th
$27273%14th
$64990%15th
$57587%16th
$18865%17th
$15457%18th
$15056%19th
$15056%20th
$16959%21st
$21164%22nd
$22766%23rd
$20867%24th
$20966%25th
$18263%26th
$17662%27th
$18060%28th
$20961%29th
$21261%30th
$18859%31st
Average Daily Price & Percent Occupied Next Month In Lubbock
Note: These averages are based on a 3 bedroom home in Lubbock. 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 Lubbock, Texas?
If you are a speculative home buyer or have another home in Texas, check out our other Texas Vacation Rental Management reports in Arlington, Austin, Beaumont, Dallas, Denton, El Paso, Fort Worth, Fredericksburg, Grapevine, Houston, Laredo, Plano, San Angelo, San Antonio, San Marcos, South Padre Island, Corpus Christi, Port Aransas, Aransas Pass, New Braunfels, Crystal Beach, Galveston, Rockport, Port Bolivar, Canyon Lake, Caplen, Gilchrist, Port Isabel, Kerrville, Fulton, Taft, Galveston Island, Jamaica Beach, Alpine, Port Aansas, Llano, Glen Rose, The Colony, Cedar Park, North Richland Hills, Grand Prairie, Tiki Island, Center Point, Frisco, Hockley, Stonewall, Allen, Doss, Nacogdoches, S Padre Isle, Keller, Jacksboro, Missouri City, Rowlett, Duncanville, Baytown, Tyler, Converse, Richmond, Commerce, Cypress, Dawson, Coppell, Humble, Desoto, Fulshear, Katy, Georgetown, Lewisville, Waxahachie, Sargent, Round Rock, Irving, Horizon City, Pflugerville, Olmos Park, Willis, Euless, Nocona, Longview, Mcallen, Medina, Melissa, Heath, Pasadena, Odessa, Leander, Driftwood, Van, Roanoke, Pharr, Midland, Mckinney, Prosper, Weatherford, Texarkana, Amarillo, Hickory Creek, Oak Point, Temple, Lacy Lakeview, Killeen, Woodcreek, Pittsburg, and Mission, Texas or view all of our vacation rental market reports
