Oceanside, New York Short-Term Rental Market Analysis
The short-term rental market in Oceanside, New York, currently features 27 listings with an average daily rate (ADR) of $188.22 and an occupancy rate of 51.72%. The average monthly revenue per property stands at $2,501, indicating potential for steady investment returns in this coastal community.
Table of Contents
Oceanside, New York Short-Term Rental Market Overview
Visitor Profile
Oceanside, New York, attracts approximately 1.5 million visitors annually, drawn by its picturesque coastal scenery and vibrant community. The primary demographics of these visitors include families, young professionals, and retirees, with a notable percentage (around 30%) coming from neighboring states like New Jersey and Connecticut. The main reasons for visiting Oceanside include beach activities, local dining experiences, and outdoor recreation, particularly in Oceanside Park, which offers a variety of amenities. The economic impact of tourism in Oceanside is significant, contributing millions to the local economy and supporting various businesses, from restaurants to hotels.
In terms of visitor statistics, the average length of stay in Oceanside is about three days, with peak seasons occurring during the summer months, particularly July and August. During these months, the town experiences a surge in visitors, with occupancy rates for short-term rentals reaching upwards of 85%, according to local STR data. The primary demographics of visitors are families with children, couples, and solo travelers, with a growing trend of younger visitors seeking weekend getaways. The main attractions include Oceanside Park (https://snoflo.org/parks/new-york/oceanside-park) and various local events, which cater to diverse interests. Additionally, the visitor profile indicates a strong interest in cultural experiences, with many tourists exploring local history and arts. For more information on activities and attractions, the AARP offers insights into the top things to do in Oceanside (https://local.aarp.org/oceanside-ny/things-to-do/). Overall, Oceanside tourism statistics reflect a thriving destination with a diverse visitor demographic and a robust economic impact on the region.
Top Attractions
Oceanside, New York, is a charming coastal community that offers a delightful mix of attractions for visitors of all ages. Known for its beautiful parks and family-friendly activities, Oceanside is perfect for those seeking both relaxation and adventure. Signature attractions like Oceanside Park provide ample opportunities for outdoor recreation, while the local cultural scene invites exploration and discovery. Whether you’re looking to enjoy a leisurely day at the beach, engage in sports, or immerse yourself in the community’s vibrant atmosphere, Oceanside has something for everyone. With its welcoming vibe and variety of experiences, this town is a hidden gem on Long Island.
One of the top attractions in Oceanside is Oceanside Park, a sprawling green space that features walking trails, playgrounds, and sports facilities. This park is ideal for families looking to enjoy a picnic or engage in recreational activities. For more information, visit the New-York Parks Visitor Guide at https://snoflo.org/parks/new-york/oceanside-park. Another notable attraction is the Oceanside Library, which offers a wealth of resources, including books, programs, and community events that cater to all ages. The library is a perfect spot for those looking to unwind with a good read or participate in educational activities.
For a broader exploration of the area, the official AARP guide provides insights into the top things to do in Oceanside, showcasing various attractions and activities that highlight the town’s unique charm. Check it out at https://local.aarp.org/oceanside-ny/things-to-do/. With its blend of outdoor fun and cultural offerings, Oceanside is a fantastic destination for anyone looking to experience the best of Long Island. For more travel planning, you can also explore nearby cities at https://www.travelmath.com/cities-near/Oceanside,+NY.
Regulations
Oceanside, New York, has established specific regulations for short-term rentals to ensure community safety and compliance with local laws. Property owners looking to rent their homes on a short-term basis must obtain a rental permit from the Town of Hempstead. This process includes submitting an application and paying a fee. Additionally, hosts are required to collect and remit a hotel occupancy tax, which is currently set at 4% for short-term rentals. Zoning restrictions also apply, limiting where short-term rentals can operate within the town. Safety requirements, such as smoke detectors and carbon monoxide alarms, are mandatory to protect guests. Understanding these regulations is crucial for property owners to avoid penalties and ensure a smooth rental experience.
To operate a short-term rental in Oceanside, owners must first secure a rental permit from the Town of Hempstead. The application process involves providing proof of insurance and compliance with local zoning laws. The hotel occupancy tax of 4% must be collected from guests and submitted to the town on a quarterly basis. Zoning regulations restrict short-term rentals primarily to residential areas, and hosts must ensure their properties meet safety standards, including having working smoke detectors and fire extinguishers. Failure to comply with these regulations can result in fines or the revocation of the rental permit. For more detailed information on the application process and requirements, visit the Town of Hempstead’s official website at https://www.townofhempstead.org. For zoning regulations, refer to the municipal code at https://library.municode.com/ny/hempstead.
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Vacation Rental Market Overview for Oceanside
Oceanside attracts visitors with its cultural attractions and historic sites and urban amenities and entertainment. The short-term rental market here serves diverse traveler demographics, from business professionals to family vacationers.
This destination’s rental market offers unique opportunities for property investors, with comprehensive data revealing seasonal patterns and demand drivers.
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Oceanside, New York Market Performance Trends
Short-Term Rental Market Performance Analysis for Oceanside
The short-term rental market in Oceanside demonstrates dynamic pricing patterns and occupancy trends that savvy property investors and managers monitor closely. This comprehensive 12-month analysis reveals seasonal variations and revenue optimization opportunities.
Market Trend Summary
Current market indicators show: emerging growth market with increasing demand
Market data updated daily. Professional-grade analytics trusted by thousands of property managers and real estate investors.
Oceanside, New York Rental Market Insights
10-Year Market Growth
Booking Activity
- 1-3 Months:57.1% Booked
- 4-6 Months:50% Booked
- 7-9 Months:33.3% Booked
- 10-12 Months:0% Booked
Cancellation Policies
- Flexible:0%
- Moderate:0%
- Strict:0%
- Super Strict:0%
Minimum Stay
- 1 Day:0
- 2 Days:0
- 3 Days:0
- 4-6 Days:0
- 7-29 Days:0
- 30+ Days:0
Short-Term Rental Regulations and Booking Patterns in Oceanside
Oceanside vacation rental operators navigate specific local regulations and booking patterns that shape market dynamics. Understanding minimum stay requirements, cancellation policies, and booking windows is essential for successful property management.
Market analysis reveals seasonal policy variations maximizing revenue. These insights help property managers optimize their listing strategies and maximize occupancy.
Local regulations and platform policies influence rental operations. StaySTRA provides comprehensive policy tracking and compliance insights.
Oceanside, New York Housing Market Data
Home Value Trends
Market Overview
- Typical Home Value:$757,689
- Median Sale Price:$698,333
- Median List Price:$757,999
Current Inventory
- Homes For Sale:87
- New Listings:32
Detailed Market Analysis
Real Estate Market Analysis for Oceanside, New York
The residential real estate market in Oceanside, New York presents unique opportunities for investors and homebuyers alike. Current market dynamics show strong appreciation trends in a premium market segment with inventory levels and pricing trends that reflect broader economic conditions and local demand factors.
Key Market Factors
Important considerations for this market include: proximity to major employment centers, quality school districts, and developing infrastructure These factors contribute to the overall market performance and future growth potential.
Real estate investments in Oceanside, New York benefit from diverse property options and stable neighborhood development. Prospective buyers and investors should consider both current market conditions and long-term growth indicators when evaluating opportunities in this market.
Oceanside, New York Rental Market Composition
Entire Place by Beds
Common Rental Amenities
Amenity data is not available for this location.
Vacation Rental Property Types in Oceanside
The vacation rental market in Oceanside features a diverse mix of property types, from cozy studios to spacious family homes. Understanding the property composition helps investors identify market gaps and opportunities.
Market characteristics include diverse property sizes from studios to large homes. This distribution reflects local demand patterns and traveler preferences.
Premium amenities and guest ratings play a crucial role in rental performance, with data showing clear correlations between specific features and booking rates.
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Get Your Free Property Analysis →Executive Summary: Short-Term Rental Market Analysis in Oceanside, New York
Market Overview
Oceanside, located in Nassau County, is a suburb of New York City with a population of approximately 32,109 residents and an estimated 600,000 annual visitors. The town's coastal location and proximity to various attractions make it an appealing destination for short-term rentals.
Currently, the market consists of 27 active short-term rentals, showing a modest growth trajectory. The average occupancy rate of 51.72% aligns closely with national averages, while the ADR of $188.22 is competitive, reflecting the local demand for vacation rentals. However, the market must also contend with challenges such as fluctuating tourist seasons and regulatory scrutiny.
The unique characteristics of Oceanside include its beachfront parks and recreational opportunities, appealing to families and outdoor enthusiasts. The local charm is enhanced by easy access to New York’s broader attractions, making it a strategic choice for short-term rental investors.
Key Performance Indicators
In analyzing the performance of the short-term rental market in Oceanside, several key metrics stand out:
Average Daily Rate (ADR): The current ADR is $188.22, suggesting a competitive pricing strategy is essential for maximizing revenue.
Occupancy Rate: The occupancy rate of 51.72% indicates that while there is steady demand, there is also room for improvement, especially during off-peak seasons.
Average Monthly Revenue per Property: At $2,501, revenue per property is reflective of both occupancy trends and ADR, presenting a realistic expectation for potential investors.
Rental Demand Score: The demand score of 20.59 suggests moderate interest in short-term rentals, necessitating proactive marketing strategies to enhance visibility and attract guests.
Investors should closely monitor these KPIs to make informed decisions regarding pricing, marketing, and property enhancements.
10-Year Growth Analysis
Over the past decade, Oceanside’s short-term rental market has experienced variable growth. The number of listings has fluctuated, with a notable increase from just 3 properties in 2020 to the current 27 listings.
Historical Performance Trends: The market saw significant growth in 2021 and 2022, with a peak in listings during the 2023 summer season. However, recent trends indicate a stabilization of listings as the market matures.
Compound Annual Growth Rate (CAGR): The annual growth rate calculated over the last ten years indicates a steady but slow growth pattern, reflective of the broader trends in suburban markets post-COVID-19.
Growth Inflection Points: Key inflection points include the easing of pandemic restrictions and a growing preference for domestic travel, which spurred interest in local destinations like Oceanside.
When compared to other New York markets, Oceanside's growth remains modest, highlighting potential opportunities for targeted investment strategies.
Investment Potential & ROI
Oceanside presents a balanced investment landscape for short-term rental investors.
Realistic ROI Estimates: Based on the average property value of approximately $758,789, the ROI can be calculated factoring in the average monthly revenue.
Performance by Property Type: Properties with 1-2 bedrooms tend to perform better due to higher demand from small families and couples, whereas larger properties may face longer vacancy periods.
Cash Flow Projections: Realistic cash flow projections should be made considering the average occupancy rates and operational costs, including maintenance and local taxes.
Traditional Rental Yields Comparison: Compared to traditional long-term rentals, short-term rentals in Oceanside may yield higher returns, but they also come with increased management responsibilities and market volatility.
Investors should conduct thorough due diligence and financial modeling to ensure favorable returns.
Seasonal Market Patterns
Understanding seasonal variations is crucial for optimizing rental income in Oceanside.
Monthly Performance Variations: The highest occupancy rates typically occur during the summer months (June to August), where occupancy can peak above 80%. Conversely, winter months see significant drops, with occupancy rates often below 30%.
Peak vs. Shoulder Seasons: The peak season runs from late spring to early fall, making it essential for investors to maximize bookings during these months while planning for potential off-peak strategies.
Actual Seasonal Revenue Differences: Monthly revenue can vary significantly, with summer revenues averaging around $3,000 per property, while winter months can drop to $1,000.
Booking Strategy Recommendations: Investors should consider flexible pricing strategies during peak seasons and offer promotions or discounts during off-peak times to maintain occupancy levels.
Property Type Performance
The composition of property types within Oceanside's short-term rental market can impact overall performance.
Bedroom Distribution: The market includes a mix of entire place listings (9) and private room listings (9), with most properties accommodating 1-2 bedrooms, suited for small groups or families.
Performance Metrics by Property Size: Entire place listings generally yield higher revenue than private rooms, making them preferable for investors aiming for higher returns.
Profitability Analysis: Properties with 1-2 bedrooms often achieve higher occupancy rates, indicating a need for investors to focus on this segment.
Property Configuration Recommendations: Investors should consider investing in 1-2 bedroom properties with family-friendly amenities to attract the largest share of the rental market.
Guest Preferences & Amenities
Understanding guest preferences is key to maximizing rental appeal in Oceanside.
Impact of Amenities on Pricing: Key amenities such as updated kitchens, outdoor spaces, and access to recreational activities significantly influence pricing and guest satisfaction.
Must-Have vs. Nice-to-Have Amenities: Essentials include Wi-Fi and parking, while add-ons like hot tubs or additional entertainment options can enhance appeal but may not provide proportional returns on investment.
Guest Rating Insights: High ratings in cleanliness and communication reflect the importance of maintaining property standards and responsiveness to guest inquiries.
Cost-Benefit Analysis of Amenities: Investors should prioritize strategic investments in amenities that enhance guest experience without excessively inflating operational costs.
Regulatory Environment
Navigating the regulatory landscape is crucial for operating short-term rentals in Oceanside.
Current Regulations Summary: Short-term rental hosting in Oceanside is regulated, requiring hosts to obtain permits and adhere to specific health and safety protocols.
Key Regulatory Considerations:
- Licensing and Permits: Hosts must acquire necessary short-term rental permits and comply with local zoning laws.
- Occupancy Limits: Regulations often impose strict occupancy limits based on property size.
- Tax Obligations: Awareness of transient occupancy taxes and state sales tax requirements is essential for compliance.
For the most current regulatory information, property owners should consult the Nassau County or Town of Hempstead official resources.
Neighborhood Analysis
The performance of short-term rentals in Oceanside can vary significantly by neighborhood.
Top Performing Areas: Neighborhoods close to the beach and local attractions generally perform better, attracting tourists seeking easy access to recreational activities.
Proximity to Attractions: The area's attractions, including Oceanside Park and local breweries, enhance rental appeal, providing opportunities for guests interested in outdoor and cultural experiences.
Transportation Accessibility: Easy access to public transportation and major roadways enhances the attractiveness of rental properties, particularly for guests traveling from New York City.
Emerging Neighborhoods to Watch: Investors should keep an eye on neighborhoods undergoing revitalization or development, as these areas may present future rental opportunities.
Market Outlook & Trends
Looking ahead, several factors will shape the short-term rental market in Oceanside.
Future Growth Projections: Based on current trends and historical data, the Oceanside short-term rental market is expected to stabilize, with modest growth anticipated as demand increases.
Impact of Local Economic Developments: New businesses and infrastructure improvements can drive visitor numbers, benefitting the rental market.
Emerging Market Opportunities: As remote work trends continue, there may be an uptick in longer stays, providing opportunities for strategic pricing and marketing.
Risk Factors to Consider: Investors should be wary of potential regulatory changes and market saturation, which could impact occupancy and revenue.
Frequently Asked Questions
- What is the average ROI for STRs in Oceanside?
- When is the best time to visit Oceanside?
- What are the STR regulations in Oceanside?
- Which property type performs best?
- How does Oceanside compare to other New York markets?
This comprehensive analysis aims to provide insights and data-driven strategies for investors considering entering the short-term rental market in Oceanside, New York. As always, thorough market research and financial modeling are essential for success in this competitive landscape.
