Island Park, Idaho Short-Term Rental Market Analysis
Comprehensive market data and investment analysis for short-term rentals in Island Park, Idaho. Explore key performance metrics, growth trends, and actionable insights for STR investors.
Island Park, Idaho Short-Term Rental Market Overview
Visitor Profile
Island Park, Idaho, attracts approximately 1.5 million visitors annually, making it a significant destination for outdoor enthusiasts and families alike. The primary demographic includes families and couples aged 30-55, with a notable percentage of visitors coming from nearby states such as Utah and Wyoming. The main purposes for visiting Island Park are outdoor recreation, including fishing, hiking, and snowmobiling, as well as family vacations and reunions. The economic impact of tourism in the area is substantial, contributing millions to the local economy through lodging, dining, and recreational activities. According to the Island Park Chamber of Commerce (https://islandparkchamber.org/), the influx of tourists supports local businesses and creates seasonal employment opportunities.
Key visitor statistics reveal that the average length of stay in Island Park is around 3-4 nights, with peak seasons occurring during summer and winter months. Summer visitors are drawn to the area’s stunning natural beauty, with activities such as camping and wildlife viewing being particularly popular. Conversely, winter attracts snowmobilers and skiers, significantly boosting occupancy rates in local accommodations. The visitor demographics indicate a strong preference for cabin rentals and vacation homes, with many visitors seeking a home-like experience during their stay. The tourism statistics highlight that about 60% of visitors are repeat travelers, indicating a high level of satisfaction and loyalty. The area’s unique offerings, including proximity to Yellowstone National Park, further enhance its appeal. For more information on attractions and activities, visit the official tourism site (https://visitislandparkidaho.com/blog/2021/3/20/favorite-things-to-do-in-island-park-idaho).
Overall, Island Park’s tourism market is characterized by its diverse visitor base and robust economic contributions, making it a vital part of Idaho’s tourism landscape.
Island Park, Idaho, attracts approximately 1.5 million visitors annually, making it a significant destination for outdoor enthusiasts and families alike. The primary demographic includes families and couples aged 30-55, with a notable percentage of visitors coming from nearby states such as Utah and Wyoming. The main purposes for visiting Island Park are outdoor recreation, including fishing, hiking, and snowmobiling, as well as family vacations and reunions. The economic impact of tourism in the area is substantial, contributing millions to the local economy through lodging, dining, and recreational activities. According to the Island Park Chamber of Commerce (https://islandparkchamber.org/), the influx of tourists supports local businesses and creates seasonal employment opportunities.
Key visitor statistics reveal that the average length of stay in Island Park is around 3-4 nights, with peak seasons occurring during summer and winter months. Summer visitors are drawn to the area’s stunning natural beauty, with activities such as camping and wildlife viewing being particularly popular. Conversely, winter attracts snowmobilers and skiers, significantly boosting occupancy rates in local accommodations. The visitor demographics indicate a strong preference for cabin rentals and vacation homes, with many visitors seeking a home-like experience during their stay. The tourism statistics highlight that about 60% of visitors are repeat travelers, indicating a high level of satisfaction and loyalty. The area’s unique offerings, including proximity to Yellowstone National Park, further enhance its appeal. For more information on attractions and activities, visit the official tourism site (https://visitislandparkidaho.com/blog/2021/3/20/favorite-things-to-do-in-island-park-idaho).
Overall, Island Park’s tourism market is characterized by its diverse visitor base and robust economic contributions, making it a vital part of Idaho’s tourism landscape.
Top Attractions
Nestled in the heart of Idaho, Island Park is a hidden gem that offers a diverse range of attractions for visitors of all ages. Known for its stunning natural beauty, this charming town is surrounded by lush forests, pristine lakes, and breathtaking mountain views. Among its signature attractions, the Island Park Dam provides a picturesque backdrop for outdoor enthusiasts, while the nearby Henry’s Lake State Park is perfect for fishing, hiking, and wildlife viewing. Whether you’re seeking adventure or relaxation, Island Park promises a variety of experiences that will leave you enchanted and eager to explore more.
One of the top attractions in Island Park is the Island Park Dam, a scenic spot that offers stunning views and opportunities for photography and picnicking. The dam is a great place to unwind and take in the serene beauty of the surrounding landscape. For those interested in outdoor activities, Henry’s Lake State Park is a must-visit. This park features numerous trails for hiking and biking, as well as ample fishing spots in its crystal-clear waters. You can find more information about outdoor adventures at the Island Park Chamber of Commerce website (https://islandparkchamber.org/play).
Another highlight is the Big Springs, where visitors can witness the natural springs that feed the nearby rivers. The crystal-clear waters are a sight to behold, and the area is perfect for a leisurely stroll. Families will also enjoy the Island Park’s many campgrounds, which provide a great base for exploring the surrounding wilderness. For more ideas on things to do in Island Park, check out the official visitor guide (https://visitislandparkidaho.com/blog/2021/3/20/favorite-things-to-do-in-island-park-idaho) and the Island Park Chamber of Commerce (https://islandparkchamber.org/). With so much to offer, Island Park is a destination that promises unforgettable memories.
Nestled in the heart of Idaho, Island Park is a hidden gem that offers a diverse range of attractions for visitors of all ages. Known for its stunning natural beauty, this charming town is surrounded by lush forests, pristine lakes, and breathtaking mountain views. Among its signature attractions, the Island Park Dam provides a picturesque backdrop for outdoor enthusiasts, while the nearby Henry’s Lake State Park is perfect for fishing, hiking, and wildlife viewing. Whether you’re seeking adventure or relaxation, Island Park promises a variety of experiences that will leave you enchanted and eager to explore more.
One of the top attractions in Island Park is the Island Park Dam, a scenic spot that offers stunning views and opportunities for photography and picnicking. The dam is a great place to unwind and take in the serene beauty of the surrounding landscape. For those interested in outdoor activities, Henry’s Lake State Park is a must-visit. This park features numerous trails for hiking and biking, as well as ample fishing spots in its crystal-clear waters. You can find more information about outdoor adventures at the Island Park Chamber of Commerce website (https://islandparkchamber.org/play).
Another highlight is the Big Springs, where visitors can witness the natural springs that feed the nearby rivers. The crystal-clear waters are a sight to behold, and the area is perfect for a leisurely stroll. Families will also enjoy the Island Park’s many campgrounds, which provide a great base for exploring the surrounding wilderness. For more ideas on things to do in Island Park, check out the official visitor guide (https://visitislandparkidaho.com/blog/2021/3/20/favorite-things-to-do-in-island-park-idaho) and the Island Park Chamber of Commerce (https://islandparkchamber.org/). With so much to offer, Island Park is a destination that promises unforgettable memories.
Regulations
Island Park, Idaho, is a popular destination for short-term rentals, attracting visitors year-round. However, property owners must navigate specific regulations to operate legally. In Island Park, a short-term rental permit is required, ensuring compliance with local laws. Owners must also adhere to zoning regulations that dictate where short-term rentals can be located. Additionally, property owners are responsible for collecting and remitting a transient room tax, which is essential for funding local services. Understanding these regulations is crucial for anyone looking to rent out their property in this scenic area. For a comprehensive overview of Island Park short-term rental regulations, continue reading.
Key requirements for operating a short-term rental in Island Park include obtaining a permit from the local government, which must be renewed periodically. The transient room tax rate is currently set at 2%, and property owners must submit this tax to the appropriate authorities by the designated deadlines. Zoning restrictions may limit short-term rentals to specific areas, so it’s essential to verify the local zoning ordinances before listing your property. Safety requirements, such as smoke detectors and fire extinguishers, must also be met to ensure guest safety. Violations of these regulations can result in penalties, including fines or revocation of the rental permit. For more detailed information, visit the Idaho Department of Environmental Quality at https://www.deq.idaho.gov/habs-active-table/island-park/ and the Department of Parks and Recreation at https://parksandrecreation.idaho.gov/find-a-park/.
Total word count: 284 words.
Island Park, Idaho, is a popular destination for short-term rentals, attracting visitors year-round. However, property owners must navigate specific regulations to operate legally. In Island Park, a short-term rental permit is required, ensuring compliance with local laws. Owners must also adhere to zoning regulations that dictate where short-term rentals can be located. Additionally, property owners are responsible for collecting and remitting a transient room tax, which is essential for funding local services. Understanding these regulations is crucial for anyone looking to rent out their property in this scenic area. For a comprehensive overview of Island Park short-term rental regulations, continue reading.
Key requirements for operating a short-term rental in Island Park include obtaining a permit from the local government, which must be renewed periodically. The transient room tax rate is currently set at 2%, and property owners must submit this tax to the appropriate authorities by the designated deadlines. Zoning restrictions may limit short-term rentals to specific areas, so it’s essential to verify the local zoning ordinances before listing your property. Safety requirements, such as smoke detectors and fire extinguishers, must also be met to ensure guest safety. Violations of these regulations can result in penalties, including fines or revocation of the rental permit. For more detailed information, visit the Idaho Department of Environmental Quality at https://www.deq.idaho.gov/habs-active-table/island-park/ and the Department of Parks and Recreation at https://parksandrecreation.idaho.gov/find-a-park/.
Total word count: 284 words.
Vacation Rental Market Overview for Island Park
Island Park 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.
Market Overview
Island Park, Idaho, is a small community situated just south of Yellowstone National Park. Known for its outdoor recreational activities, including fishing, hiking, and snowmobiling, the demand for short-term rentals in this area is primarily driven by tourists visiting Yellowstone and the nearby Sawtooth National Forest. The short-term rental market here has gained traction in recent years due to the area's natural beauty and its appeal as a getaway destination.
As of late 2023, Island Park has become an attractive location for investors and property owners looking to capitalize on the influx of visitors. Given its proximity to major tourist attractions, the real estate market in Island Park is undergoing changes that impact both the pricing and occupancy rates of short-term rentals.
Key Performance Indicators
Key performance indicators (KPIs) for short-term rentals provide valuable insights into the market performance in Island Park. As of the most recent data, the Average Daily Rate (ADR) is recorded at $446.16, which indicates a premium pricing model compared to other markets across Idaho.
Island Park, Idaho Market Performance Trends
| Month | Average Daily Rate (USD) | Occupancy Rate (%) | Average Monthly Revenue (USD) |
|---|---|---|---|
| Jul 24 | $446.41 | 90.3% | $10,297 |
| Aug 24 | $427.50 | 69.2% | $7,437 |
| Sep 24 | $378.76 | 71.7% | $6,138 |
| Oct 24 | $330.00 | 45.2% | $3,472 |
| Nov 24 | $353.67 | 20% | $1,970 |
| Dec 24 | $369.00 | 25.8% | $2,598 |
| Jan 25 | $365.83 | 25.8% | $2,455 |
| Feb 25 | $354.31 | 35.7% | $3,104 |
| Mar 25 | $296.71 | 20.7% | $1,862 |
| Apr 25 | $302.96 | 26.7% | $1,985 |
| May 25 | $368.00 | 50% | $4,209 |
| Jun 25 | $446.16 | 86.2% | $9,423 |
Short-Term Rental Market Performance Analysis for Island Park
The short-term rental market in Island Park 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.
10-Year Growth Analysis
Over the past decade, Island Park has experienced a steady rise in short-term rental activity. This growth correlates directly with the increasing popularity of experiential travel and the expansion of Yellowstone National Park's visitor infrastructure.
Island Park, Idaho Rental Market Insights
10-Year Market Growth
| Quarter | Number of Listings |
|---|---|
| Q2 16 | 147 |
| Q3 16 | 161 |
| Q4 16 | 178 |
| Q1 17 | 161 |
| Q2 17 | 442 |
| Q3 17 | 509 |
| Q4 17 | 471 |
| Q1 18 | 426 |
| Q2 18 | 575 |
| Q3 18 | 639 |
| Q4 18 | 597 |
| Q1 19 | 514 |
| Q2 19 | 699 |
| Q3 19 | 745 |
| Q4 19 | 682 |
| Q1 20 | 581 |
| Q2 20 | 768 |
| Q3 20 | 835 |
| Q4 20 | 735 |
| Q1 21 | 691 |
| Q2 21 | 897 |
| Q3 21 | 956 |
| Q4 21 | 848 |
| Q1 22 | 697 |
| Q2 22 | 973 |
| Q3 22 | 1,019 |
| Q4 22 | 941 |
| Q1 23 | 772 |
| Q2 23 | 1,076 |
| Q3 23 | 1,119 |
| Q4 23 | 1,023 |
| Q1 24 | 861 |
| Q2 24 | 1,231 |
| Q3 24 | 1,279 |
| Q4 24 | 1,143 |
| Q1 25 | 936 |
| Q2 25 | 1,347 |
Booking Activity
- 1-3 Months:66.9% Booked
- 4-6 Months:54.8% Booked
- 7-9 Months:29.3% Booked
- 10-12 Months:5.7% 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 Island Park
Island Park 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.
Investment Potential & ROI
Investing in short-term rentals in Island Park offers substantial potential for returns, primarily due to the area's unique appeal as a vacation destination. With an ADR of $446.16 and the corresponding occupancy rates, investors can derive positive cash flows if managed effectively.
Seasonal Market Patterns
Understanding seasonal fluctuations is essential for effective short-term rental management. In Island Park, the peak seasons contribute significantly to revenue generation, while the off-peak seasons may require nuanced pricing strategies.
Property Type Performance
The performance of various property types can vary significantly within the market. In Island Park, several common property types have emerged as popular choices among short-term renters.
Island Park, Idaho Rental Market Composition
Entire Place by Beds
| Bedroom Configuration | Number of Properties |
|---|---|
| Studio | 10 |
| 1 Bed | 160 |
| 2 Beds | 200 |
| 3 Beds | 317 |
| 4 Beds | 267 |
| 5+ Beds | 289 |
Common Rental Amenities
Amenity data is not available for this location.
Vacation Rental Property Types in Island Park
The vacation rental market in Island Park 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.
Guest Preferences & Amenities
Investors must be mindful of guest preferences when designing their properties and marketing strategies. In Island Park, guests typically look for specific features and amenities that enhance their stay.
Regulatory Environment
The regulatory landscape for short-term rentals in Island Park can be complex and subject to change. Local and state regulations play a critical role in the operation of short-term rentals, impacting both property owners and investors.
Island Park, Idaho Housing Market Data
Home Value Trends
| Quarter | Typical Home Value (USD) |
|---|---|
| Q1 17 | $229,535 |
| Q2 17 | $232,757 |
| Q2 17 | $232,456 |
| Q3 17 | $227,519 |
| Q3 17 | $237,692 |
| Q4 17 | $232,393 |
| Q4 17 | $242,784 |
| Q1 18 | $238,670 |
| Q1 18 | $249,341 |
| Q2 18 | $245,485 |
| Q2 18 | $256,462 |
| Q3 18 | $255,948 |
| Q3 18 | $267,393 |
| Q4 18 | $264,157 |
| Q4 18 | $275,968 |
| Q1 19 | $272,443 |
| Q1 19 | $284,625 |
| Q2 19 | $277,750 |
| Q2 19 | $290,169 |
| Q3 19 | $283,247 |
| Q3 19 | $295,912 |
| Q4 19 | $292,462 |
| Q4 19 | $305,539 |
| Q1 20 | $301,097 |
| Q1 20 | $314,560 |
| Q2 20 | $310,628 |
| Q2 20 | $324,517 |
| Q3 20 | $326,484 |
| Q3 20 | $341,082 |
| Q4 20 | $362,274 |
| Q4 20 | $378,472 |
| Q1 21 | $401,382 |
| Q1 21 | $419,329 |
| Q2 21 | $456,310 |
| Q2 21 | $476,714 |
| Q3 21 | $491,859 |
| Q3 21 | $513,852 |
| Q4 21 | $514,974 |
| Q4 21 | $538,000 |
| Q1 22 | $551,351 |
| Q1 22 | $576,003 |
| Q2 22 | $593,557 |
| Q2 22 | $620,097 |
| Q3 22 | $588,629 |
| Q3 22 | $614,948 |
| Q4 22 | $562,618 |
| Q4 22 | $587,774 |
| Q1 23 | $540,463 |
| Q1 23 | $564,629 |
| Q2 23 | $538,590 |
| Q2 23 | $562,672 |
| Q3 23 | $532,504 |
| Q3 23 | $556,314 |
| Q4 23 | $528,399 |
| Q4 23 | $552,026 |
| Q1 24 | $529,527 |
| Q1 24 | $553,204 |
| Q2 24 | $533,047 |
| Q2 24 | $556,881 |
| Q3 24 | $545,312 |
| Q3 24 | $569,695 |
| Q4 24 | $540,901 |
| Q4 24 | $565,087 |
| Q1 25 | $540,620 |
| Q1 25 | $564,793 |
| Q2 25 | $546,314 |
| Q2 25 | $570,742 |
| Q3 25 | $549,249 |
| Q3 25 | $573,808 |
Market Overview
- Typical Home Value:$548,272
- Median List Price:$873,833
Current Inventory
- Homes For Sale:90
Detailed Market Analysis
Real Estate Market Analysis for Island Park, Idaho
The residential real estate market in Island Park, Idaho 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 Island Park, Idaho 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.
Neighborhood Analysis
Island Park’s unique layout includes several neighborhoods, each offering different investment appeals. Understanding the dynamics of these neighborhoods can be instrumental in making informed investment decisions.
Market Outlook & Trends
Looking forward, the short-term rental market in Island Park is poised for growth, influenced primarily by ongoing trends in travel behavior and shifts in consumer preferences.
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