Jerome, Arizona Short-Term Rental Market Overview
Visitor Profile
Jerome, Arizona, a historic mining town turned vibrant tourist destination, attracts approximately 500,000 visitors annually. The visitor demographic is diverse, with a notable concentration of individuals aged 25 to 54, representing about 60% of the total visitors. Families, couples, and solo travelers frequently visit Jerome, primarily for its rich history, unique art scene, and stunning views of the Verde Valley. The economic impact of tourism in Jerome is significant, contributing millions to the local economy and supporting numerous businesses, from boutique shops to restaurants. According to the Arizona tourism bureau, the sector plays a crucial role in job creation and community development.
Key visitor statistics reveal that Jerome’s tourism is driven by its historical attractions, including the Jerome State Historic Park and the Gold King Mine. The average length of stay for visitors is around two days, with peak seasons occurring during the spring and fall months, when the weather is most favorable for outdoor activities. Weekend visits are particularly popular, with many tourists seeking a quick getaway from nearby urban areas. The town’s unique offerings, such as ghost tours and art galleries, further enhance its appeal. As a result, the visitor behavior indicates a strong interest in immersive experiences. For more insights on Jerome tourism statistics, visit the Arizona tourism and travel website (https://www.azeconomy.org/arizona-tourism-and-travel/) and explore the best things to do in Jerome at Rock a Little Travel (https://rockalittletravel.com/things-to-do-in-jerome-arizona/). Understanding these dynamics is essential for STR operators aiming to cater to the evolving needs of visitors in this charming destination.
Top Attractions
Nestled in the hills of Arizona, Jerome is a charming town that offers a unique blend of history, culture, and stunning views. Once a bustling copper mining town, Jerome has transformed into an artistic haven filled with galleries, shops, and intriguing attractions. Visitors can explore the historic Jerome Grand Hotel, which boasts a rich past and offers breathtaking vistas of the Verde Valley. The town’s vibrant art scene is showcased at the Jerome Art Walk, where local artists display their work. With its eclectic mix of experiences, Jerome is a must-visit destination for anyone looking to explore the rich heritage and natural beauty of Arizona.
One of the top attractions in Jerome is the Jerome State Historic Park, where visitors can delve into the town’s mining history. The park features a museum housed in the old jail, showcasing artifacts and exhibits that tell the story of Jerome’s past. For more information, visit the official site at https://rockalittletravel.com/things-to-do-in-jerome-arizona/. Another highlight is the Gold King Mine Museum and Ghost Town, which offers a glimpse into the mining life of the early 20th century. Here, guests can wander through old buildings, see vintage mining equipment, and even meet some friendly animals. Learn more at https://www.travelbybrit.com/best-things-to-do-in-jerome-az/.
For those interested in art, the Jerome Artists Cooperative Gallery is a must-see. This gallery showcases the work of local artists and provides a perfect opportunity to purchase unique souvenirs. Lastly, don’t miss the stunning views from the lookout points around the town, which offer panoramic vistas of the surrounding landscape. For a comprehensive guide to attractions in Jerome, check out https://shebuystravel.com/things-to-do-in-jerome-az/. With so much to see and do, Jerome is a treasure trove of experiences waiting to be discovered.
Regulations
Jerome, Arizona, known for its historic charm and stunning views, has established specific regulations for short-term rentals to ensure community integrity and safety. Property owners looking to rent their homes on a short-term basis must navigate a series of requirements, including obtaining a license, adhering to zoning laws, and fulfilling tax obligations. The town mandates that all short-term rental operators register their properties and pay a transaction privilege tax, which supports local services. Understanding these regulations is crucial for compliance and to avoid potential penalties. For a comprehensive overview of the rules governing short-term rentals in Jerome, including licensing and safety standards, continue reading.
Key requirements for short-term rentals in Jerome include obtaining a Short-Term Rental License, which must be renewed annually. Property owners are also responsible for paying a transaction privilege tax, currently set at 3.5%, on rental income, with deadlines for payment outlined by the town. Zoning restrictions apply, meaning that not all properties may qualify for short-term rental use, and 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 detailed information, visit the Short Term Rental Registration & Licensing Requirements page (https://jerome.az.gov/short-term-rental-registration-and-licensing-requirements) and review the Jerome Town Code (https://jerome.az.gov/jerome-town-code) for complete guidelines. Understanding and adhering to these regulations will help property owners successfully navigate the short-term rental landscape in Jerome.
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Vacation Rental Market Overview for Jerome
Jerome attracts visitors with its cultural attractions and historic sites and family-friendly attractions. 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.
Jerome, Arizona Market Performance Trends
Short-Term Rental Market Performance Analysis for Jerome
The short-term rental market in Jerome 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.
Jerome, Arizona Housing Market Data
Home Value Trends
Home value history is not available for this location.
Market Overview
- Typical Home Value:$499,453
- Median Sale Price:$500,083
- Median List Price:$599,333
Current Inventory
- Homes For Sale:2,046
- New Listings:423
Detailed Market Analysis
Real Estate Market Analysis for Jerome, Arizona
The residential real estate market in Jerome, Arizona presents unique opportunities for investors and homebuyers alike. Current market dynamics show steady growth patterns in an established market 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 Jerome, Arizona benefit from consistent market appreciation and strong resale values. Prospective buyers and investors should consider both current market conditions and long-term growth indicators when evaluating opportunities in this market.
Jerome, Arizona Rental Market Insights
10-Year Market Growth
Booking Activity
- 1-3 Months:67.7% Booked
- 4-6 Months:70.8% Booked
- 7-9 Months:70% Booked
- 10-12 Months:0% 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 Jerome
Jerome 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.
Jerome, Arizona Rental Market Composition
Entire Place by Beds
Common Rental Amenities
Amenity data is not available for this location.
Vacation Rental Property Types in Jerome
The vacation rental market in Jerome 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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