Atlantic City, New Jersey Short-Term Rental Market Overview
Visitor Profile
Atlantic City, New Jersey, is a vibrant tourism destination attracting approximately 27 million visitors annually. The city is known for its iconic boardwalk, casinos, and beach attractions, appealing primarily to a diverse demographic. Key visitor highlights include a mix of ages, with a significant portion of visitors aged 25 to 54. Many travelers come for entertainment, gaming, and events, contributing to the local economy, which sees an estimated impact of over $1.5 billion from tourism-related activities. The blend of leisure and business travel makes Atlantic City a unique market for STR operators.
In terms of visitor statistics, Atlantic City welcomed around 27 million guests in 2022, with a notable increase in weekend visitors, particularly during the summer months. The primary demographics include a balanced mix of families, couples, and solo travelers, with 60% of visitors coming from the Northeast region, particularly New York and Pennsylvania. The main reasons for visiting include gaming, entertainment, and beach activities, with an average length of stay of 2.5 nights. Peak seasons typically occur from Memorial Day to Labor Day, when hotel occupancy rates can soar to over 90%. According to the tourism bureau (https://www.atlanticcitynj.com), the city has seen a resurgence in tourism post-pandemic, with a growing interest in events and conventions. This resurgence is crucial for STR operators, as it indicates a robust demand for short-term rentals and accommodations. The visitor statistics report (https://www.atlanticcitynj.com) shows that the expanding market for entertainment and leisure activities continues to drive growth in Atlantic City tourism, making it an appealing destination for both visitors and investors alike.
Top Attractions
Atlantic City, New Jersey, is a vibrant destination known for its iconic boardwalk, stunning beaches, and a plethora of attractions that cater to all interests. Visitors can immerse themselves in the excitement of the casinos, explore the rich history of the area, or enjoy family-friendly activities. Signature attractions like the Atlantic City Boardwalk, the Absecon Lighthouse, and the Steel Pier offer a diverse range of experiences that make this coastal city a must-visit location. Whether you’re looking to try your luck at the slots, take in breathtaking ocean views, or enjoy thrilling rides, Atlantic City has something for everyone. Read on to discover the top attractions that will make your visit unforgettable.
One of the most famous attractions is the Atlantic City Boardwalk, which stretches for miles along the coastline. This historic boardwalk is lined with shops, restaurants, and entertainment options, making it perfect for leisurely strolls or fun-filled days. For a taste of local history, visit the Absecon Lighthouse, the tallest lighthouse in New Jersey, where you can climb 228 steps for panoramic views of the Atlantic City skyline. Families will love the Steel Pier, an amusement park featuring rides, games, and food stalls, all set against the backdrop of the ocean. For more information on attractions, the official visitor center website (https://www.atlanticcitynj.com) provides a wealth of resources to help plan your trip. With so many Atlantic City attractions to explore, you’re sure to find activities that suit your interests and create lasting memories.
Regulations
Atlantic City short-term rental regulations are designed to ensure safe and responsible hosting while promoting tourism in this vibrant coastal city. Property owners looking to rent their homes on a short-term basis must adhere to specific guidelines set forth by the city. A rental license is required, and owners must register their properties with the City of Atlantic City. Additionally, hosts are responsible for collecting and remitting a 3% hotel/motel tax on all short-term rental transactions. Zoning restrictions apply, limiting rentals to certain areas, and safety requirements, including smoke detectors and carbon monoxide alarms, must be met. Understanding these regulations is crucial for compliance and avoiding penalties.
Key requirements for short-term rentals in Atlantic City include obtaining a rental license from the city, which involves submitting an application and paying the associated fees. The hotel/motel tax must be collected from guests and remitted quarterly to the city. Zoning restrictions dictate that short-term rentals are only permitted in designated areas, and property owners should verify their property’s eligibility. Safety measures are mandated to ensure guest safety, including the installation of smoke detectors and fire extinguishers. Failure to comply with these regulations can result in fines and potential revocation of the rental license. For more detailed information, property owners can visit the official Atlantic City website (https://www.atlantic-city.org) and review the city’s short-term rental regulations (https://www.atlantic-city.org/short-term-rentals). Understanding these regulations is essential for a successful short-term rental experience in Atlantic City.
Vacation Rental Market Overview for Atlantic City
Atlantic City attracts visitors with its beaches and waterfront activities 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.
Atlantic City, New Jersey Market Performance Trends
Short-Term Rental Market Performance Analysis for Atlantic City
The short-term rental market in Atlantic City 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.
Atlantic City, New Jersey Housing Market Data
Home Value Trends
Market Overview
- Typical Home Value:$219,255
- Median List Price:$236,666
Current Inventory
- Homes For Sale:317
- New Listings:48
Detailed Market Analysis
Real Estate Market Analysis for Atlantic City, New Jersey
The residential real estate market in Atlantic City, New Jersey 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: market stability, reasonable property taxes, and strong rental demand These factors contribute to the overall market performance and future growth potential.
Real estate investments in Atlantic City, New Jersey benefit from balanced supply-demand dynamics and reasonable price points. Prospective buyers and investors should consider both current market conditions and long-term growth indicators when evaluating opportunities in this market.
Atlantic City, New Jersey Rental Market Insights
10-Year Market Growth
Booking Activity
- 1-3 Months:68.3% Booked
- 4-6 Months:55% Booked
- 7-9 Months:43.5% Booked
- 10-12 Months:1.7% 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 Atlantic City
Atlantic City 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.
Atlantic City, New Jersey Rental Market Composition
Entire Place by Beds
Common Rental Amenities
Amenity data is not available for this location.
Vacation Rental Property Types in Atlantic City
The vacation rental market in Atlantic City 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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