Middlebury, Vermont Short-Term Rental Market
Middlebury VT STRs averaged $188/night at 42.2% occupancy in April 2026, anchored by Middlebury College and multi-season Vermont tourism.
Quick Answer: Middlebury, Vermont is an active short-term rental market. average occupancy is 58%. average monthly revenue is $3,516. average daily rate is $260. the top operator is Evolve with 179 listings. market score is 69/100 (grade C).
Market data reflects the Vermont/New Hampshire Area regional market, which includes Middlebury. Regulations, taxes, and permit details below are specific to Middlebury.
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Market Overview
Middlebury is a college town of approximately 9,152 residents in Vermont’s Champlain Valley, anchored by Middlebury College. The STR market reflects the town’s multi-season visitor profile: the college’s academic calendar and events (parents’ weekends, reunions, graduation) drive demand alongside fall foliage, summer outdoor recreation at Lake Dunmore and the Trails Around Middlebury network, winter skiing at Middlebury Snow Bowl and Rikert Nordic Center, and cultural visitors to the Henry Sheldon Museum and Middlebury College Museum of Art.
In April 2026, listings averaged $188/night with occupancy of 42.2%, generating average monthly revenue of $2,125. RevPAR was $79. April is a shoulder month between ski and summer seasons. Year-over-year, occupancy declined 4.4 percentage points while ADR rose 5.6%, resulting in a net revenue change of -1.4%.
The listing mix in the regional dataset is dominated by entire-place properties (7,256). Airbnb is the primary channel; VRBO has a secondary share with moderate cross-listing. The market’s total score is 69.3 out of 100, with a revenue growth score of 75.6 and investability score of 77.5.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 46% | $200 | $2,585 |
| Feb | 57% | $215 | $2,926 |
| Mar | 45% | $184 | $2,403 |
| Apr | 47% | $161 | $1,964 |
| May | 51% | $176 | $2,083 |
| Jun | 60% | $219 | $2,990 |
| Jul | 68% | $218 | $3,838 |
| Aug | 68% | $222 | $3,958 |
| Sep | 51% | $197 | $2,681 |
| Oct | 54% | $194 | $2,856 |
| Nov | 43% | $164 | $2,030 |
| Dec | 53% | $192 | $2,411 |
Top Short-Term Rental Operators in Middlebury
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Evolve | 179 | 7,432 | ★ 4.68 |
| 2 | Vacasa | 142 | 5,522 | ★ 4.43 |
| 3 | Quechee Lakes Rentals | 123 | 2,483 | ★ 4.76 |
| 4 | Seacoast & Summit Vacation Rentals | 54 | 3,451 | ★ 4.81 |
| 5 | Beachside Vacation Rentals | 31 | 1,112 | ★ 4.20 |
What Kind of STR Should I Buy in Middlebury?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 2,996 |
| 2 bed | 2,032 |
| 3 bed | 1,736 |
| 4 bed | 929 |
| 5 bed | 511 |
ADR by Property Tier
| Entire Home | $279 |
| Luxury | $474 |
| Professionally Managed | $322 |
Revenue by Dwelling Type
| Apartment | $3,053 |
| Entire Place | $3,747 |
| House | $3,911 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 54.6% |
| vrbo | 8.7% |
| both | 36.7% |
Investment Analysis
Monthly revenue averaged $2,125 in April 2026. Entire-place listings generated $2,276/month and houses $2,266. Apartments averaged $2,039/month. All segments cluster closely, reflecting the small-market, predominantly residential character of Middlebury’s STR stock.
ADR tiers show a 21% premium for professional management: professionally managed listings reached $227/night versus $188 market average. Luxury-tier properties averaged $368/night.
No housing value data was available from Zillow for Middlebury, so cost-of-entry and yield calculations cannot be made with verified numbers.
The 2025 annual average revenue was $3,207/month, up from $3,100 in 2024. Occupancy has softened from the 2021 peak of 63.4% to the current 52% annual average range, while ADR has held its upward trajectory ($193 in 2021 to $230 in 2025). The revenue growth score of 75.6 reflects this ADR-led momentum despite occupancy plateauing.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
Run a Free Address Analysis
Skip the market averages. Get revenue projections, comp analysis, and ROI for your specific property address. Free, instant, no signup required.
Analyze My Property →Home Value Trends (Middlebury)
Booking Insights
Average booking lead time is 45 days with an average length of stay of 4.1 nights. The lead time reflects Vermont’s mix of college-event weekend bookings (shorter, planned by academic calendar) and seasonal outdoor recreation visits (multi-night, pre-planned around foliage and ski season).
Middlebury College’s academic calendar creates identifiable demand spikes: fall parents’ weekends, Homecoming, graduation in mid-May, and winter carnival. These windows often book 6-8 or more weeks in advance and should carry premium rates and 2-3 night minimums. Summer and fall foliage weekends have strong advance demand. Mud season (late March through April) and early November are the low-demand periods where flexible minimums and adjusted pricing help maintain occupancy.
Short-Term Rental Regulations
Middlebury has not adopted a municipal STR permit, registration program, owner-occupancy requirement, or night-cap restriction as of mid-2026. The town’s Policy Review Committee reviewed STR trends in January 2024 but did not enact local regulations. STRs operate under Vermont state rules.
Vermont requires registration for the Meals and Rooms Tax for anyone renting 15 or more days per calendar year. The combined lodging tax for Middlebury STRs is 13%: Vermont’s 9% rooms tax plus a 3% short-term-rental surcharge (effective August 1, 2024) plus Middlebury’s 1% local option rooms tax (adopted October 2008). Airbnb and VRBO collect and remit all Vermont taxes automatically; operators handling direct bookings must register for a Vermont Business Tax Account and file returns.
STRs rented more than 14 days per year must meet Vermont’s Rental Housing Health and Safety Code and Division of Fire Safety standards (egress windows, smoke and CO alarms, etc.). Operators must complete and post the state-required Short-Term Rental Safety, Health and Financial Obligations form inside the unit. Health Department lodging licensing is generally triggered only at 3+ guest rooms or when prepared food is served. No statewide STR registry is in force, though legislation has been proposed. Enforcement is minimal.
Market Comparison
The US STR median occupancy is approximately 55% and median ADR approximately $220. Middlebury’s April 2026 occupancy of 42.2% is about 13 points below the national median, and its $188 ADR is below the national median. April is a shoulder month; August peak occupancy of 67.7% exceeds the national median. Annual 2025 average occupancy was 52.1%, closer to the national median.
Evolve leads the regional market with 179 listings and 7,432 reviews (rating 4.683). Vacasa operates 142 listings with 5,522 reviews (rating 4.430). Quechee Lakes Rentals, a Vermont-focused regional operator, holds 123 listings with 2,483 reviews (rating 4.760). Seacoast & Summit Vacation Rentals manages 54 listings with 3,451 reviews (rating 4.813). Beachside Vacation Rentals holds 31 listings with 1,112 reviews (rating 4.198).
The presence of Quechee Lakes Rentals and Seacoast & Summit alongside national platforms reflects the competitive position of Vermont-specialist operators who leverage deep knowledge of the local event calendar and seasonal pricing windows.
Frequently Asked Questions About Middlebury, Vermont
What is the average daily rate for short-term rentals in Middlebury, VT?
What is the occupancy rate for Middlebury VT short-term rentals?
When is peak season for short-term rentals in Middlebury, VT?
Do I need a permit for a short-term rental in Middlebury, VT?
What is the total lodging tax rate for STRs in Middlebury?
How far in advance do guests book in Middlebury, VT?
Who are the top property managers in Middlebury, VT?
Analyze Middlebury Rentals
Use our free calculator to estimate Airbnb revenue for any property in Middlebury.
Free Middlebury STR Calculator →
