From Walt Disney World to the Kennedy Space Station to miles of white sandy beaches, Florida has always been one of North America’s biggest tourist destinations.
So it’s no surprise that Florida has become increasingly popular with travelers looking to stay in a vacation rental – particularly in the Northeast Florida Coast.
To help current and prospective homeowners, we analyzed thousands of vacation rental listings and compiled our Vacation Rental Performance Reports for the Daytona Beach and Jacksonville Beach areas, including Palm Coast, Port Orange, Atlantic Beach, Neptune Beach, and St. Augustine. The reports will give you insight into average rental income, occupancy rates, and booking windows.
Some of the key factors we’ve identified that contribute to the region’s success are:
- Year-round warm weather
- Attractions for all ages
- Easy accessibility to nearby towns and airports
How much can you earn with a Daytona Beach Area vacation rental?
Daytona Beach, Palm Coast, and Port Orange are popular with spring-breakers and have exciting attractions such as water parks, miniature golf and a big nightlife scene.
According to our report, two bedroom properties make up 39% of the vacation rental inventory in Daytona Beach.
Two-bedroom properties in Daytona Beach that perform at the average can expect to make $13,833 per year. But the two-bedroom homes that go the extra mile with marketing and amenities can make up to $21,054 in the 75th percentile.
The second-most popular size of vacation rental home in Daytona Beach is the three-bedroom property which makes up 28% of the vacation rental inventory.
Three-bedroom properties in Daytona Beach that perform at the median can expect to make $21,475. But those that put more effort into their vacation rental can make $31,198 in the 75th percentile.
How much can you earn with a Jacksonville Beach Area vacation rental?
In our report, we found Jacksonville Beach, Atlantic Beach, Neptune Beach, and St. Augustine are popular for long weekend stays and are known for their active nightlife, sporting events, and miles of beautiful white beaches.
Two-bedroom homes make up an astounding 46% of the vacation rental inventory.
Performing at the median, two-bedroom properties in the Jacksonville Beach area can make $21,205, while two-bedroom properties that strive to get more bookings can make $30,450 in the 75th percentile.
Three-bedroom properties take up the second highest amount of the vacation rental inventory at 24%.
At the 50th percentile, three-bedroom properties can make $29,255. But the properties that outperform the average and into the 75th percentile can make $42,155.
How To Be Successful With A Vacation Rental In The Daytona Beach and Jacksonville Beach Areas
As you’ll see in the reports, the smaller the vacation rental, the higher the yearly occupancy.
Studio properties are booked 61% of the year, while five-bedroom properties are booked 36% of the year. In Jacksonville, a studio property tends to get booked 65% of the year while a five-bedroom gets booked 50% of the year.
With that being said – the bigger the property, the higher the nightly rates. As long as you invest the time and strategy necessary to get your property booked, you’ll set yourself up for success.
Here are some key factors that impact your performance:
- Proximity to the beach
- Private pool
- Private hot tub
- Professional listing photos
- Quick responsiveness to guest inquiries
- Positive reviews
DOWNLOAD OUR FULL REPORTS ON THE DAYTONA BEACH AREA AND JACKSONVILLE BEACH AREA VACATION RENTALS
There’s huge opportunity with vacation rental in the Daytona Beach and Jacksonville Beach Areas. Download the full reports and learn what to expect when you’re starting a vacation rental or business.
Here are some of the statistics you’ll learn from our free 2018 Vacation Rental Performance Reports for the Daytona Beach and Jacksonville Beach areas:
● Rental income potential by property size
● Average occupancy by property size
● Average daily rate by property size
● Average days booked in advance
● Average length of stay
● Vacation rental inventory by property size
● Occupancy rate by month
No matter the property size or location, Evolve’s expansive team knows how to get your property the bookings it deserves, while minimizing the hassle for you. Click here to learn more.
The Northeast Florida Area
Vacation Rental Performance Report
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