Chebeague Island, Maine

Short-Term Rental Market Data & Investment Analysis

Chebeague Island, Maine Short-Term Rental Market Overview

Population: Still gathering data
Annual Visitors: Still gathering data
Total STRs: 19
ADR: $405.00

Visitor Profile

Chebeague Island, Maine, attracts approximately 30,000 visitors annually, drawn by its picturesque landscapes and tranquil atmosphere. The primary demographic consists of families and couples, with a significant portion of visitors aged 35-65. Many travelers come for leisure activities such as boating, fishing, and hiking, while others seek a peaceful retreat from urban life. The economic impact of tourism is notable, contributing significantly to the local economy through spending on accommodations, dining, and recreational activities. According to the Chebeague Island Tourism Board, the influx of visitors supports local businesses and helps maintain the island’s unique charm.

In terms of visitor statistics, Chebeague Island sees a diverse range of tourists, with a majority hailing from nearby states like Massachusetts and New Hampshire. The main reasons for visiting include its natural beauty, outdoor activities, and cultural experiences. The average length of stay for visitors is around three to four days, with peak seasons occurring during the summer months, particularly July and August. This period sees a surge in short-term rental demand, making it crucial for STR operators to prepare for the influx. According to the Chebeague Island tourism statistics, the island’s appeal lies in its ability to offer a blend of relaxation and adventure, making it a favored destination for those seeking a unique getaway. For more detailed insights, visit the Chebeague Island Tourism Board at https://chebeague.org.

Top Attractions

Chebeague Island, Maine, is a hidden gem in Casco Bay, offering visitors a delightful blend of natural beauty and rich cultural experiences. This charming island is known for its stunning coastal views, serene beaches, and welcoming community. Among the top attractions, the Chebeague Island Historical Society Museum provides a glimpse into the island’s storied past, while the picturesque Chebeague Island Golf Club offers a unique golfing experience amidst breathtaking scenery. Whether you’re looking to explore the great outdoors or immerse yourself in local history, Chebeague Island has something for everyone, making it a perfect destination for families, couples, and solo travelers alike.

One of the must-visit attractions is the Chebeague Island Historical Society Museum, which showcases artifacts and exhibits that tell the story of the island’s history and its residents. This small yet informative museum is a great starting point for understanding the local culture. For those who enjoy outdoor activities, the Chebeague Island Golf Club is a scenic 9-hole course that provides a fun challenge for golfers of all skill levels. With views of the ocean and surrounding islands, it’s a perfect spot to unwind. Nature enthusiasts will appreciate the island’s beautiful beaches, such as the popular Chandler’s Cove, ideal for swimming, picnicking, and beachcombing. To plan your visit, check out the official Chebeague Island website at https://www.chebeague.org, which offers comprehensive information about attractions and activities. Whether you’re exploring the island’s history or enjoying its natural landscapes, Chebeague Island attractions promise a memorable experience for all.

Regulations

Chebeague Island, Maine, has established specific regulations for short-term rentals to ensure community standards and safety. Property owners looking to rent their homes on a short-term basis must adhere to licensing requirements, tax obligations, and zoning restrictions. A short-term rental license is mandatory, and owners must register their properties with the town. Additionally, there are local lodging taxes that apply, which must be collected and remitted to the state. Zoning laws may restrict where short-term rentals can operate, and properties must comply with safety standards to protect guests. Understanding these regulations is crucial for property owners to avoid penalties and ensure a smooth rental experience.

To operate a short-term rental on Chebeague Island, property owners must first obtain a short-term rental license from the town. This involves submitting an application and paying the associated fees. Owners are also responsible for collecting a 9% state lodging tax on rental income, which must be filed quarterly. Zoning regulations dictate that short-term rentals are primarily allowed in designated residential areas, and owners should verify compliance with local ordinances. Safety requirements include ensuring that properties meet basic health and safety standards, such as smoke detectors and fire extinguishers. Violations of these regulations can result in fines or revocation of the rental license. For detailed information on short-term rental regulations, visit the Chebeague Island official website (https://www.chebeague.org). For further guidance on licensing and taxes, refer to the Maine Revenue Services (https://www.maine.gov/revenue).

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Vacation Rental Market Overview for Chebeague Island

Chebeague Island attracts visitors with its beaches and waterfront activities 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.

Chebeague Island, Maine Market Performance Trends

LTM Avg. Daily Rate$398.00
LTM Occupancy Rate61.1%
LTM Avg. Revenue$4,569

Short-Term Rental Market Performance Analysis for Chebeague Island

The short-term rental market in Chebeague Island 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: year-round stability with consistent occupancy

Market data updated daily. Professional-grade analytics trusted by thousands of property managers and real estate investors.

Chebeague Island, Maine Housing Market Data

Home Value Trends

Market Overview

  • Typical Home Value:$641,229

Current Inventory

    Detailed Market Analysis

    The average home value in Chebeague Island, ME is $641,229, up 2.1% over the past year. Learn more about the Chebeague Island housing market and real estate trends.

    Real Estate Market Analysis for Chebeague Island, Maine

    The residential real estate market in Chebeague Island, Maine presents unique opportunities for investors and homebuyers alike. Current market dynamics show strong appreciation trends in a premium market segment 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 Chebeague Island, Maine 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.

    Chebeague Island, Maine Rental Market Insights

    10-Year Market Growth

    Booking Activity

    • 1-3 Months:73.3% Booked
    • 4-6 Months:25% Booked
    • 7-9 Months:0% 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 Chebeague Island

    Chebeague Island 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 structured minimum stays optimizing for weekly rentals. 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.

    Chebeague Island, Maine 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 Chebeague Island

      The vacation rental market in Chebeague Island 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 predominantly entire home rentals catering to families. 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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      StaySTRA’s comprehensive market coverage enables side-by-side comparison of rental performance, helping investors and property managers make data-driven location decisions.