Cambridge, Maryland Short-Term Rental Market Overview
Visitor Profile
Cambridge, Maryland, attracts approximately 1.5 million visitors annually, drawn by its rich history, scenic waterfront, and vibrant arts scene. The key demographic highlights include a diverse mix of ages, with a significant portion of visitors aged 25-54, representing about 45% of the total. Families and couples make up the primary visitor segments, with leisure travel being the main purpose for 70% of visitors. The economic impact of tourism in Cambridge is substantial, contributing over $100 million to the local economy each year, supporting numerous jobs in hospitality and retail sectors.
In terms of visitor statistics, the annual visitor numbers reflect a steady increase, with a notable surge during peak seasons, particularly in the summer months from June to August. The average length of stay for visitors is around 2-3 nights, allowing ample time to explore local attractions such as the Harriet Tubman Museum and the picturesque Blackwater National Wildlife Refuge. According to the tourism bureau (https://visitdorchester.org/plan-your-visit/brochures-and-guides/), the primary demographics show that about 60% of visitors come from within a 200-mile radius, primarily from the Mid-Atlantic region, including Maryland, Virginia, and Pennsylvania. Main reasons for visiting include outdoor activities, cultural experiences, and culinary tourism, with many travelers seeking unique local dining options. The visitor statistics report (https://www.tripsavvy.com/cambridge-maryland-visitors-guide-1038397) indicates that events and festivals also play a crucial role in attracting visitors, with the Cambridge Main Street events drawing significant crowds. Overall, Cambridge tourism statistics reveal a thriving market that continues to grow, offering valuable insights for STR operators looking to capitalize on this vibrant destination.
Top Attractions
Cambridge, Maryland, is a charming destination that offers visitors a delightful mix of history, culture, and outdoor adventures. Nestled along the Choptank River, this picturesque town is known for its rich heritage and vibrant arts scene. Among the top attractions, the Harriet Tubman Museum and Educational Center stands out, celebrating the life and legacy of the iconic abolitionist. Additionally, the picturesque Blackwater National Wildlife Refuge invites nature lovers to explore its vast wetlands and diverse wildlife. With a variety of experiences available, from historical tours to outdoor activities, Cambridge is a perfect getaway for families, couples, and solo travelers alike.
One of the must-visit attractions in Cambridge is the Harriet Tubman Museum and Educational Center. This inspiring museum features exhibits that highlight Tubman’s incredible journey to freedom and her role in the Underground Railroad. Visitors can learn about her life and the broader context of the abolitionist movement. For more information, visit the official site. Another highlight is the Blackwater National Wildlife Refuge, where guests can enjoy hiking, birdwatching, and photography in a stunning natural setting. This refuge is home to a variety of species, making it a perfect spot for outdoor enthusiasts. The official visitor guide (https://www.tripsavvy.com/cambridge-maryland-visitors-guide-1038397) provides detailed information on the refuge and other attractions. Families will appreciate the Cambridge Main Street, which offers a delightful array of shops and restaurants, perfect for a leisurely stroll. For additional resources, check out the free tourist brochures available at Visit Dorchester (https://visitdorchester.org/plan-your-visit/brochures-and-guides/). Whether you’re exploring the rich history or enjoying the scenic beauty, Cambridge attractions promise a memorable experience.
Regulations
Cambridge, Maryland, has established specific regulations for short-term rentals to ensure the safety and well-being of both guests and residents. Property owners interested in renting their homes on a short-term basis must obtain a rental license from the city. This process includes submitting an application, paying applicable fees, and adhering to local zoning laws. Additionally, short-term rental operators are required to collect and remit a 6% state sales tax and a 5% local hotel tax, which must be reported on a quarterly basis. Understanding these regulations is crucial for compliance and to avoid potential penalties.
Key regulatory information for short-term rentals in Cambridge includes several essential requirements. First, property owners must apply for a rental license through the city’s official channels, ensuring their property meets safety standards and zoning regulations. The zoning ordinance (Chapter 27 of the Cambridge Code of Ordinances) specifies where short-term rentals are permitted, typically in residential zones with certain restrictions. Safety requirements include smoke detectors, carbon monoxide detectors, and fire extinguishers to ensure guest safety. Violations of these regulations can result in fines or revocation of the rental license, emphasizing the importance of adherence. For more detailed information on the regulations, property owners can refer to the Cambridge municipal code at https://library.municode.com/md/cambridge/codes/code_of_ordinances?nodeId=COCAMA and the official Cambridge government page at https://msa.maryland.gov/msa/mdmanual/37mun/cambridge/html/c.html.
By staying informed about Cambridge short-term rental regulations, property owners can successfully navigate the requirements and operate their rentals legally and responsibly.
Vacation Rental Market Overview for Cambridge
Cambridge attracts visitors with its beaches and waterfront activities 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.
Cambridge, Maryland Market Performance Trends
Short-Term Rental Market Performance Analysis for Cambridge
The short-term rental market in Cambridge 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: mature market with optimized pricing patterns
Market data updated daily. Professional-grade analytics trusted by thousands of property managers and real estate investors.
Cambridge, Maryland Housing Market Data
Home Value Trends
Market Overview
- Typical Home Value:$262,535
- Median Sale Price:$280,916
- Median List Price:$303,096
Current Inventory
- Homes For Sale:151
- New Listings:29
Detailed Market Analysis
Real Estate Market Analysis for Cambridge, Maryland
The residential real estate market in Cambridge, Maryland presents unique opportunities for investors and homebuyers alike. Current market dynamics show balanced market conditions with accessible entry points with inventory levels and pricing trends that reflect broader economic conditions and local demand factors.
Key Market Factors
Important considerations for this market include: growing population trends, economic development, and lifestyle amenities These factors contribute to the overall market performance and future growth potential.
Real estate investments in Cambridge, Maryland 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.
Cambridge, Maryland Rental Market Insights
10-Year Market Growth
Booking Activity
- 1-3 Months:62.6% Booked
- 4-6 Months:55.1% Booked
- 7-9 Months:20.6% Booked
- 10-12 Months:3.3% 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 Cambridge
Cambridge 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 balanced approach between flexibility and stability. 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.
Cambridge, Maryland Rental Market Composition
Entire Place by Beds
Common Rental Amenities
Amenity data is not available for this location.
Vacation Rental Property Types in Cambridge
The vacation rental market in Cambridge 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 concentration in 2-3 bedroom properties ideal for small groups. 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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