Rome, Georgia

Short-Term Rental Market Data & Investment Analysis

Rome, Georgia Short-Term Rental Market Overview

Population: Still gathering data
Annual Visitors: Still gathering data
Total STRs: 218
ADR: $185.95

Visitor Profile

Rome, Georgia, attracts approximately 1.5 million visitors annually, showcasing a diverse demographic landscape. The primary visitor age group ranges from 25 to 54 years, making up about 60% of the tourist population. Visitors are drawn to Rome for various reasons, including outdoor recreation, historical attractions, and cultural events, contributing significantly to the local economy. The tourism sector in Rome generates an estimated $150 million in economic impact each year, highlighting the importance of this industry to the region. For more details, visit the Georgia’s Rome Office of Tourism (https://romegeorgia.org/).

In terms of visitor statistics, Rome sees a consistent influx of tourists, with the majority coming from neighboring states such as Alabama and Tennessee. The average length of stay for visitors is around 2.5 days, with peak seasons occurring during spring and fall, when outdoor activities and festivals are at their height. The city’s historical sites, such as the Rome Area History Museum and the Chieftains Museum, attract history enthusiasts, while nature lovers enjoy the scenic trails and waterways. According to the Georgia Tourism Statistics report (https://roadgenius.com/statistics/tourism/georgia/), the region’s hospitality sector benefits from a steady occupancy rate of approximately 65%, reflecting the demand for accommodations during peak travel times. Overall, Rome’s visitor demographics and travel patterns indicate a vibrant tourism market, essential for local businesses and STR operators looking to capitalize on this growing visitor base. For more attractions, check out the 50+ Things to See & Do in Georgia’s Rome (https://romegeorgia.org/50-things-see/).

Top Attractions

Nestled in the heart of Georgia, Rome is a charming city that offers a delightful mix of history, culture, and outdoor adventures. Known for its scenic beauty, Rome boasts a variety of attractions that cater to all interests. Visitors can explore the rich heritage of the region at the Rome Area History Museum or enjoy the natural splendor of the Riverwalk, which winds along the banks of the Etowah and Oostanaula Rivers. With its vibrant arts scene, lush parks, and family-friendly activities, Rome is a destination that promises a memorable experience for everyone. Whether you’re a history buff, an outdoor enthusiast, or a family looking for fun, Rome attractions provide a diverse range of things to do.

One of the must-visit attractions is the Rome Area History Museum, where you can delve into the local history through engaging exhibits and artifacts. This museum is a treasure trove for anyone interested in the rich past of the region. For those who enjoy the outdoors, the Riverwalk is a picturesque pathway perfect for walking, jogging, or cycling, offering stunning views of the rivers and surrounding landscapes. Another highlight is the Chieftains Museum, which showcases the history of the Cherokee people and their connection to the area. Families will love the interactive exhibits at the Tellus Science Museum, where learning about science and technology becomes an exciting adventure. For more information on these attractions, visit the official visitor guide at Georgia’s Rome Office of Tourism (https://romegeorgia.org/visit-rome/attractions/) and explore the 50+ things to see and do in Georgia’s Rome (https://romegeorgia.org/50-things-see/). With so much to offer, Rome is a destination that should not be missed.

Regulations

Rome, Georgia, has established specific regulations for short-term rentals to ensure compliance with local laws and community standards. Property owners looking to operate short-term rentals must first obtain a business license and register with the city. Additionally, short-term rental operators are required to collect and remit a hotel/motel tax, which is currently set at 8%. This tax must be submitted quarterly, and failure to comply can lead to penalties. Zoning restrictions also apply, meaning that not all properties may be eligible for short-term rental use. Safety requirements, including smoke detectors and fire extinguishers, are mandatory to protect guests. Understanding these regulations is crucial for property owners to avoid fines and ensure a smooth rental experience.

Key requirements for operating a short-term rental in Rome include obtaining the necessary permits from the city. The application process involves submitting detailed information about the property and its intended use. Zoning regulations dictate that short-term rentals must be located in designated areas; thus, checking local zoning laws is essential. Safety regulations mandate that all rentals meet specific health and safety standards, including adequate emergency exits and safety equipment. Violations of these regulations can result in fines or revocation of rental permits. For more information on licensing and zoning, property owners can visit the Code Enforcement page (https://www.floydcountyga.gov/police/page/code-enforcement) and the Planning & Zoning page (https://www.floydcountyga.gov/planning). For additional services and regulations, the City of Rome’s official website offers further guidance (https://www.romega.gov/101/Services).

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Vacation Rental Market Overview for Rome

Rome 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.

Rome, Georgia Market Performance Trends

LTM Avg. Daily Rate$178.00
LTM Occupancy Rate46.4%
LTM Avg. Revenue$1,824

Short-Term Rental Market Performance Analysis for Rome

The short-term rental market in Rome 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.

Rome, Georgia Housing Market Data

Home Value Trends

Market Overview

  • Typical Home Value:$228,077
  • Median Sale Price:$251,633
  • Median List Price:$297,833

Current Inventory

  • Homes For Sale:416
  • New Listings:100

Detailed Market Analysis

The average home value in Rome, GA is $228,077, up 1.5% over the past year. Learn more about the Rome housing market and real estate trends.

Real Estate Market Analysis for Rome, Georgia

The residential real estate market in Rome, Georgia 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 Rome, Georgia benefit from growing rental market potential and investment opportunities. Prospective buyers and investors should consider both current market conditions and long-term growth indicators when evaluating opportunities in this market.

Rome, Georgia Rental Market Insights

10-Year Market Growth

Booking Activity

  • 1-3 Months:67.8% Booked
  • 4-6 Months:65.5% Booked
  • 7-9 Months:30.6% Booked
  • 10-12 Months:1.4% 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 Rome

Rome 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.

Rome, Georgia Rental Market Composition

Entire Place by Beds

Common Rental Amenities

Amenity data is not available for this location.

Guest Rating Highlights

    Vacation Rental Property Types in Rome

    The vacation rental market in Rome 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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