Cadiz, Kentucky Short-Term Rental Market
Cadiz, KY STRs averaged $183/night at 50.4% occupancy in April 2026, with an investability score of 97.7 across 8,442 active listings near Lake Barkley.
Quick Answer: Cadiz, Kentucky is an active short-term rental market. average occupancy is 50%. average monthly revenue is $2,474. average daily rate is $183. the top operator is Evolve with 342 listings. market score is 89/100 (grade A).
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Market Overview
Cadiz, Kentucky anchors the short-term rental market surrounding Lake Barkley and the Land Between the Lakes National Recreation Area in western Kentucky. As of April 2026, the market had approximately 8,442 active listings. Entire-place rentals account for 7,991 (94.7%), with 448 private rooms and 3 shared rooms. The average daily rate was $183, RevPAR was $92, and average monthly revenue per listing was $2,474. April 2026 occupancy was 50.4%, a near-peak spring reading. Year-over-year, occupancy is up 0.2 percentage points, ADR improved 2.8%, and revenue increased 3.5%. The bedroom mix favors smaller properties: 2-bedroom (2,489 listings), 1-bedroom (2,292), 3-bedroom (2,233), 4-bedroom (859), and 5-bedroom and larger (563). Airbnb-only listings number 3,945, VRBO-only 812, and 3,685 are listed on both. The overall market score is 88.9, with an investability score of 97.7 and a revenue growth score of 76.0.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 34% | $123 | $1,326 |
| Feb | 44% | $124 | $1,369 |
| Mar | 53% | $144 | $1,925 |
| Apr | 51% | $154 | $2,091 |
| May | 51% | $163 | $2,172 |
| Jun | 60% | $188 | $2,975 |
| Jul | 63% | $190 | $3,314 |
| Aug | 52% | $179 | $2,617 |
| Sep | 47% | $166 | $2,149 |
| Oct | 51% | $161 | $2,332 |
| Nov | 45% | $150 | $1,901 |
| Dec | 41% | $142 | $1,730 |
Top Short-Term Rental Operators in Cadiz
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Evolve | 342 | 14,368 | ★ 4.76 |
| 2 | Green Turtle Bay Resort | 85 | 273 | ★ 4.72 |
| 3 | Lake Cumberland Resort III | 51 | 2,060 | ★ 4.71 |
| 4 | Neat Suites | 40 | 1,156 | ★ 4.80 |
| 5 | Lyric | 39 | 2,991 | ★ 4.81 |
What Kind of STR Should I Buy in Cadiz?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 2,292 |
| 2 bed | 2,489 |
| 3 bed | 2,233 |
| 4 bed | 859 |
| 5 bed | 563 |
ADR by Property Tier
| Entire Home | $186 |
| Luxury | $315 |
| Professionally Managed | $205 |
Revenue by Dwelling Type
| Apartment | $1,823 |
| Entire Place | $2,534 |
| House | $2,729 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 46.7% |
| vrbo | 9.6% |
| both | 43.7% |
Investment Analysis
At $2,474 average monthly revenue for April 2026, a Cadiz-area STR produces an annualized gross revenue of approximately $29,700 before expenses. The median active list price of $331,800 implies an annualized gross yield of approximately 9.0% on that price basis. The Zillow typical home value of $136,293 reflects the broader residential market and is lower than purpose-built lakefront STR pricing. House-type listings average $2,729/month and entire-place listings average $2,534/month. The apartment segment averages $1,823/month. Professionally managed listings average $205/night versus the $183 market ADR, a 12.1% premium. The luxury tier averages $315/night, 72% above the market average. Year-over-year revenue growth is 3.5%, part of a multi-year stabilization: the 2021 annual average was $2,456/month and 2025 came in at $2,483/month, indicating relatively flat but steady revenue. The 97.7 investability score reflects consistent occupancy performance and a large, diverse inventory. An iWorQ compliance initiative adopted in February 2025 is actively onboarding roughly 140 non-compliant STR operators to the local transient room tax, which could modestly affect net yield going forward as tax exposure is normalized.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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Booking Insights
The average booking lead time in Cadiz is 47 days, and the average length of stay is 3.68 nights. The 47-day lead time indicates guests plan Lake Barkley trips about 6-7 weeks in advance, providing operators a reliable early booking base and reducing the pressure for last-minute discounting. The 3.68-night average stay is above the national short-term rental norm, consistent with lake destination behavior where guests often plan multi-day weekends or extended fishing and boating trips. Longer stays reduce cleaning turnover costs and increase gross revenue per booking. Operators can set 3-night minimums on holiday weekends and 2-night minimums on standard weekends without significant booking friction at this lead time and stay length.
Short-Term Rental Regulations
Short-term rentals are legal in Cadiz and regulated through the city’s zoning code rather than a dedicated STR ordinance. Operators must obtain a permit from the Cadiz Planning and Zoning Department. Permit conditions address parking, occupancy caps, and noise standards. No comprehensive STR-only ordinance has been adopted as of the most recent profile update. At the state level, Kentucky applies a 1% statewide transient room tax and 6% sales tax on lodging. Trigg County levies a local transient room tax (specific rate not publicly published). No owner-occupancy requirement and no cap on maximum nights per year. Enforcement is characterized as moderate. In February 2025, the Cadiz-Trigg County Tourist and Convention Commission contracted iWorQ compliance software to identify approximately 140 non-compliant STR operators against approximately 40 currently remitting, with an estimated $100,000 in annual lost tax revenue at stake. Operators not currently registered for local transient room tax collection should expect outreach from the commission.
Market Comparison
Cadiz’s April 2026 ADR of $183 sits 17% below the US STR median of approximately $220, making it a value-positioned lake market relative to national norms. Occupancy at 50.4% in April is near the US median of approximately 55% and well above many comparable lakefront markets in the spring shoulder period. The overall market score of 88.9 and investability score of 97.7 place Cadiz among the better-performing mid-tier markets nationally. The market is led by national and regional operators. Evolve holds the largest share with 342 listings and 14,368 reviews at a 4.76 rating. Green Turtle Bay Resort manages 85 listings at a 4.72 rating. Lake Cumberland Resort III has 51 listings at a 4.71 rating. Neat Suites holds 40 listings at a 4.80 rating. Lyric rounds out the top five with 39 listings and a 4.81 rating. The top 5 operators control 557 listings, approximately 6.6% of the 8,442-listing market, indicating a highly fragmented landscape dominated by independent operators.
Frequently Asked Questions About Cadiz, Kentucky
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