Introduction
Bradenton, Florida, is not only known for its beautiful beaches and vibrant culture but also for its thriving short-term rental market. Whether you’re an investor looking for lucrative opportunities or a traveler seeking a unique experience, Bradenton’s Airbnb and short-term rental scene has something to offer for everyone. In this comprehensive blog post, we’ll delve into the key aspects of the Bradenton short-term rental market, including market statistics, property trends, and essential information for both visitors and investors.
The Bradenton Real Estate Landscape
Property Appreciation and Value
Bradenton’s real estate market is dynamic, and it’s crucial to understand the broader housing context before exploring the short-term rental market. According to Zillow, homes in Bradenton appreciated by 1.30% recently, with a median home value of $388,328. These figures indicate a steady market with potential for future growth.
The Airbnb and Short-Term Rental Scene
Supply and Demand
Bradenton boasts a robust short-term rental market with approximately 2,344 active listings, as reported by Chalet. This thriving ecosystem is fueled by the city’s picturesque setting and attractions. With an average daily rate of $293.90 and an occupancy rate of 59%, short-term rental properties in Bradenton are in high demand. The annual revenue for these rentals averages an impressive $50,800, making it a lucrative investment opportunity.
Return on Investment
Investors will be pleased to know that the average gross yield for short-term rental properties in Bradenton stands at an attractive 13.08%. This healthy return on investment makes Bradenton a compelling destination for those looking to enter the short-term rental market.
Property Tax Considerations
Property taxes are an important factor to consider when investing in short-term rentals. In Bradenton, the average property tax rate is 0.82%, according to SmartAsset. This relatively low tax rate can contribute to higher profitability for investors.
