Georgetown, South Carolina Short-Term Rental Market Overview
Visitor Profile
Georgetown, South Carolina, attracts approximately 1.2 million visitors annually, drawn by its rich history, scenic waterfront, and vibrant cultural scene. The primary demographic of these visitors includes families and couples, with a significant portion aged between 30 and 60. Many travelers come for leisure, particularly to explore the historic district, enjoy outdoor activities, and participate in local festivals. The economic impact of tourism in Georgetown is substantial, contributing over $150 million to the local economy each year, according to the tourism bureau (https://www.georgetownsc.gov/visitors/). This influx of visitors not only supports local businesses but also creates jobs and enhances community development.
In terms of visitor statistics, Georgetown sees a diverse range of tourists, with a notable percentage originating from neighboring states like North Carolina and Georgia. The main reasons for visiting include historical exploration, nature-based activities, and culinary experiences, with many visitors spending an average of two to three nights. Peak seasons typically occur during spring and fall, when the weather is most favorable for outdoor activities and events. Hotel occupancy rates often exceed 75% during these times, indicating strong demand for accommodations. The visitor statistics report (https://www.georgetownsc.gov/visitors/) highlights that Georgetown’s tourism market is recovering robustly post-pandemic, with a steady increase in both domestic and regional travelers. This data is crucial for STR operators looking to optimize their offerings and capitalize on the growing interest in Georgetown tourism statistics and Georgetown visitor demographics.
Top Attractions
Georgetown, South Carolina, is a charming coastal city that invites visitors to explore its rich history, stunning waterfront, and vibrant culture. Known for its picturesque streets lined with historic homes, Georgetown offers a delightful mix of attractions that cater to all interests. From the serene beauty of the waterfront to the engaging exhibits at local museums, there is no shortage of things to do in Georgetown. Signature attractions like the Georgetown Harborwalk and the Rice Museum provide unique insights into the area’s heritage and natural beauty, making it a perfect destination for families, history buffs, and outdoor enthusiasts alike. Discover the hidden gems of this coastal town and immerse yourself in its captivating charm.
One of the top attractions in Georgetown is the Georgetown Harborwalk, a scenic boardwalk that stretches along the Sampit River. Visitors can enjoy leisurely strolls, dine at waterfront restaurants, and take in breathtaking views of the river and marina. For those interested in history, the Rice Museum offers fascinating exhibits detailing the region’s rice cultivation and its impact on the local economy. The museum is located in the historic district and is a must-visit for anyone wanting to understand Georgetown’s past. Another highlight is the Hobcaw Barony, a 16,000-acre research reserve that offers guided tours through its pristine landscapes and historic sites, showcasing the area’s natural beauty and ecological significance. To plan your visit, check out the official visitor guide at https://www.georgetownsc.gov/visitors/ and learn more about the attractions at https://www.gtcounty.org/439/Tourism-Information. Whether you’re exploring the waterfront or delving into the area’s rich history, Georgetown attractions promise memorable experiences year-round.
Regulations
Georgetown, South Carolina, has specific regulations governing short-term rentals that property owners must understand to operate legally and successfully. As a popular tourist destination, Georgetown requires hosts to obtain a business license and register their property as a short-term rental. This process includes compliance with local zoning laws, which dictate where short-term rentals can operate. Additionally, property owners must collect and remit the appropriate accommodations tax, which is currently set at 3% for the state and 2% for the local municipality. Understanding these regulations is crucial for avoiding penalties and ensuring a smooth rental experience. For more detailed information, continue reading.
Key regulatory information for short-term rentals in Georgetown includes several important requirements. First, property owners must secure a business license from the City of Georgetown, which involves submitting an application and paying the necessary fees. Additionally, hosts are responsible for collecting a total of 5% in accommodations taxes, which must be submitted quarterly to the South Carolina Department of Revenue. Zoning restrictions are also in place; short-term rentals are generally permitted in residential areas but may be subject to specific conditions. Safety requirements, such as smoke detectors and fire extinguishers, must be met to ensure guest safety. Violations of these regulations can result in fines or revocation of the rental license. For more information on local regulations, visit the official Georgetown website at https://www.georgetownsc.gov/visitors/. Understanding Georgetown short-term rental regulations is essential for compliance and success in the rental market.
Vacation Rental Market Overview for Georgetown
Georgetown attracts visitors with its urban amenities and entertainment and adventure sports and activities. 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.
Georgetown, South Carolina Market Performance Trends
Short-Term Rental Market Performance Analysis for Georgetown
The short-term rental market in Georgetown 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: strong seasonal variation with peak summer demand
Market data updated daily. Professional-grade analytics trusted by thousands of property managers and real estate investors.
Georgetown, South Carolina Housing Market Data
Home Value Trends
Market Overview
- Typical Home Value:$249,904
- Median Sale Price:$322,816
- Median List Price:$438,163
Current Inventory
- Homes For Sale:157
- New Listings:30
Detailed Market Analysis
Real Estate Market Analysis for Georgetown, South Carolina
The residential real estate market in Georgetown, South Carolina presents unique opportunities for investors and homebuyers alike. Current market dynamics show affordable housing options with growth potential with inventory levels and pricing trends that reflect broader economic conditions and local demand factors.
Key Market Factors
Important considerations for this market include: established neighborhoods, community amenities, and transportation accessibility These factors contribute to the overall market performance and future growth potential.
Real estate investments in Georgetown, South Carolina 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.
Georgetown, South Carolina Rental Market Insights
10-Year Market Growth
Booking Activity
- 1-3 Months:65.3% Booked
- 4-6 Months:57% Booked
- 7-9 Months:32.4% Booked
- 10-12 Months:1.3% 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 Georgetown
Georgetown 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 flexible booking policies attracting last-minute travelers. 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.
Georgetown, South Carolina Rental Market Composition
Entire Place by Beds
Common Rental Amenities
Amenity data is not available for this location.
Vacation Rental Property Types in Georgetown
The vacation rental market in Georgetown 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 a balanced mix of entire homes and private rooms. 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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