Kansas City, Missouri Short-Term Rental Market Analysis
The short-term rental market in Kansas City, Missouri, features approximately 1,894 listings, with an average daily rate (ADR) of $190.83 and an occupancy rate of 66.67%. Notably, the average monthly revenue per property stands at $2,891, indicating a relatively stable income potential for investors in this market.
Kansas City, Missouri Short-Term Rental Market Overview
Visitor Profile
Kansas City, Missouri, attracts approximately 26 million visitors annually, showcasing its vibrant culture and diverse attractions. The key demographic highlights reveal that around 60% of visitors are from within a 250-mile radius, primarily from neighboring states like Kansas and Nebraska. The primary purposes for visiting include leisure travel, business conferences, and family gatherings, contributing to the city’s economic impact of over $3 billion. This influx not only supports local businesses but also creates significant job opportunities in the hospitality sector.
In terms of comprehensive visitor analysis, Kansas City tourism statistics indicate that the average length of stay is about 2.5 nights, with peak seasons occurring during the summer months and around major holidays. The primary demographics of visitors consist of families, young professionals, and retirees, with a balanced gender distribution. According to the tourism bureau (https://visitkc.com), the city’s rich history, renowned barbecue cuisine, and vibrant arts scene are among the main reasons for visiting. Additionally, the city hosts numerous events throughout the year, such as the Kansas City Jazz and Heritage Festival, which draw significant crowds. STR-relevant insights show that hotel occupancy rates peak at around 75% during high season, reflecting the strong demand for accommodations. The visitor statistics report (https://visitkc.com) emphasizes the importance of understanding these trends for effective marketing strategies and enhancing visitor experiences. Overall, Kansas City continues to be a dynamic destination, attracting a diverse range of visitors and contributing significantly to the local economy.
Top Attractions
Kansas City, Missouri, is a vibrant destination known for its rich cultural heritage, diverse culinary scene, and a plethora of attractions that cater to all interests. Visitors can explore the renowned Nelson-Atkins Museum of Art, which showcases an impressive collection of over 35,000 works, or enjoy the interactive exhibits at the Science City, perfect for families. The city’s unique blend of history and modernity offers something for everyone, from outdoor enthusiasts to art lovers. With year-round attractions, Kansas City promises a memorable experience filled with engaging activities and sights that will leave visitors wanting to explore more.
One of the top attractions in Kansas City is the Nelson-Atkins Museum of Art, a must-visit for art enthusiasts. This museum features a stunning collection of art from various cultures and eras, including American, European, and Asian art. The museum is free to the public, making it an accessible destination for all. For more information, visit the official website at https://nelson-atkins.org. Another highlight is the Kansas City Zoo, which spans over 202 acres and houses more than 1,700 animals. The zoo offers immersive exhibits and educational programs, making it a great spot for families. Learn more by visiting https://kansascityzoo.org. Lastly, the National World War I Museum and Memorial provides a profound insight into the Great War through its extensive exhibits and artifacts. The museum is dedicated to preserving the history of World War I and is an essential stop for history buffs. For details, check out https://theworldwar.org. With these attractions and more, Kansas City is a treasure trove of experiences waiting to be discovered.
Regulations
Kansas City short-term rental regulations are essential for property owners looking to rent their homes on platforms like Airbnb or VRBO. Understanding these regulations is crucial to ensure compliance and avoid penalties. In Kansas City, property owners must obtain a short-term rental license, which requires a fee and adherence to specific safety and zoning regulations. Additionally, hosts are responsible for collecting and remitting a 7.5% lodging tax on all short-term rental transactions. The city has established zoning restrictions that dictate where short-term rentals can operate, typically prohibiting them in certain residential areas. For those considering entering the short-term rental market, familiarity with these regulations is vital to ensure a successful and compliant operation.
To legally operate a short-term rental in Kansas City, property owners must first apply for a short-term rental license through the city’s Department of Urban Planning and Land Use. The application process includes a fee and proof of compliance with safety standards, such as smoke detectors and carbon monoxide detectors. Property owners must also collect a 7.5% lodging tax from guests, which must be submitted to the city on a quarterly basis. Zoning regulations restrict short-term rentals in certain areas, ensuring that residential neighborhoods maintain their character. Violating these regulations can result in fines and the revocation of the rental license. For detailed information on licensing and regulations, visit the City of Kansas City’s official website (https://www.kcmo.gov/city-hall/departments/planning-and-development/short-term-rentals) and review the municipal code (https://library.municode.com/mo/kansas_city/codes/code_of_ordinances).
Vacation Rental Market Overview for Kansas City
Kansas City attracts visitors with its beaches and waterfront activities and outdoor recreation and natural beauty. 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.
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Kansas City, Missouri Market Performance Trends
Short-Term Rental Market Performance Analysis for Kansas City
The short-term rental market in Kansas 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: strong seasonal variation with peak summer demand
Market data updated daily. Professional-grade analytics trusted by thousands of property managers and real estate investors.
Kansas City, Missouri Rental Market Insights
10-Year Market Growth
Booking Activity
- 1-3 Months:59.9% Booked
- 4-6 Months:54.7% Booked
- 7-9 Months:54.6% Booked
- 10-12 Months:13.7% 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 Kansas City
Kansas 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 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.
Kansas City, Missouri Housing Market Data
Home Value Trends
Market Overview
- Typical Home Value:$251,607
- Median Sale Price:$277,868
- Median List Price:$253,300
Current Inventory
- Homes For Sale:1,913
- New Listings:788
Detailed Market Analysis
Real Estate Market Analysis for Kansas City, Missouri
The residential real estate market in Kansas City, Missouri presents unique opportunities for investors and homebuyers alike. Current market dynamics show balanced market conditions with accessible entry points with inventory levels and pricing trends that reflect broader economic conditions and local demand factors.
Key Market Factors
Important considerations for this market include: proximity to major employment centers, quality school districts, and developing infrastructure These factors contribute to the overall market performance and future growth potential.
Real estate investments in Kansas City, Missouri benefit from diverse property options and stable neighborhood development. Prospective buyers and investors should consider both current market conditions and long-term growth indicators when evaluating opportunities in this market.
Kansas City, Missouri Rental Market Composition
Entire Place by Beds
Common Rental Amenities
Amenity data is not available for this location.
Vacation Rental Property Types in Kansas City
The vacation rental market in Kansas 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 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.
More Locations In Missouri
- Branson
- Eminence
- Festus
- Fulton
- Independence
- Liberty
- Osage Beach
- Raymore
- Richland
- Springfield
- Unionville
- Villa Ridge
Related Short-Term Rental Markets
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Table of Contents
| Section | Description |
|---|---|
| Market Overview | Current market snapshot with metrics |
| Key Performance Indicators | Detailed analysis of ADR, occupancy, and revenue |
| 10-Year Growth Analysis | Historical performance trends and growth rates |
| Investment Potential & ROI | ROI calculations based on local property values |
| Seasonal Market Patterns | Monthly performance analysis and booking strategies |
| Property Type Performance | Performance metrics by property size and type |
| Guest Preferences & Amenities | Analysis of guest preferences and impactful amenities |
| Regulatory Environment | Overview of current STR regulations in Kansas City |
| Neighborhood Analysis | Insights into top-performing areas and emerging neighborhoods |
| Market Outlook & Trends | Future growth projections and risk factors |
| Frequently Asked Questions | Common questions about the STR market in Kansas City |
Market Overview
Kansas City presents a unique environment for short-term rentals (STRs), with a current total of 1,894 listings. The average daily rate (ADR) of $190.83 is competitive compared to both state and national averages. The occupancy rate of 66.67% indicates a healthy demand, though it is slightly below the national average, which hovers around 70%.
The city's population is approximately 508,898, and it attracts about 25.2 million annual visitors, a statistic that underscores its potential as a travel destination. Kansas City's diverse attractions, including the National WWI Museum and Memorial and Union Station, contribute to its appeal. However, the market also faces challenges, such as an increasing number of listings and fluctuating seasonal demand, which investors must navigate.
Key Performance Indicators
Average Daily Rate (ADR)
Currently, the ADR stands at $190.83, which is reflective of the market's pricing strategy. This figure is essential for investors to understand potential revenue streams.
Occupancy Trends
The occupancy rate of 66.67% suggests that while there is solid demand, there is room for improvement. Higher occupancy can lead to increased revenue, particularly during peak travel seasons.
Revenue Analysis
The average monthly revenue per property is $2,891, a figure that provides a realistic expectation for income, particularly for well-managed properties.
Rental Demand Score
The rental demand score of 49.92 indicates moderate interest in the market. A score below 50 suggests that while demand exists, it may not be as strong as in more competitive markets.
10-Year Growth Analysis
Historically, the Kansas City STR market has experienced fluctuations. From 2015 to 2025, the number of listings has increased significantly, with a peak of 2,763 listings in Q3 2023. However, the market has seen a decline in recent quarters, dropping to 1,894 listings in early 2025.
Compound Annual Growth Rate (CAGR)
The CAGR of the market over the past decade is approximately 13%, demonstrating a growth trend that investors may find encouraging. However, it is critical to recognize the recent downturn in listings, which could indicate market saturation.
Growth Inflection Points
Key factors contributing to growth include an increase in tourism and local economic development initiatives. However, recent regulatory changes may impact future growth.
Investment Potential & ROI
ROI Calculations
Investors should expect realistic returns, with potential ROI calculations ranging from 7% to 10% based on property type and management efficiency.
Property Type Breakdown
- Entire Place: Generally higher ADR and occupancy rates.
- Private Rooms: Typically lower revenue but can attract budget-conscious travelers.
Cash Flow Projections
Investors can anticipate an average cash flow of around $1,500 to $2,000 per month, depending on property type and management strategies.
Comparison to Traditional Rentals
When compared to traditional rental yields, STRs often provide higher returns, though they come with increased management responsibilities and market volatility.
Seasonal Market Patterns
Monthly Performance Variations
Kansas City experiences distinct seasonal patterns.
- Peak Season: May to October, coinciding with local events and warmer weather.
- Shoulder Periods: March and November show moderate activity.
Revenue Differences
Peak months can yield revenue increases of up to 30% compared to off-peak months, emphasizing the importance of timing in booking strategies.
Booking Strategy Recommendations
Investors should consider flexible booking options and competitive pricing strategies during shoulder seasons to optimize occupancy.
Property Type Performance
Distribution by Bedrooms
- 1-Bedroom: 395 listings
- 2-Bedroom: 358 listings
- 3-Bedroom: 264 listings
Performance Metrics
Entire properties outperform private rooms, with an emphasis on offering unique amenities to attract guests.
Recommendations
- Focus on entire place listings for higher revenue potential.
- Ensure listings have competitive amenities to stand out.
Guest Preferences & Amenities
Impact of Amenities on Pricing
Key amenities that influence pricing include:
- Air Conditioning: 86.1% of listings
- Internet: 86.2% of listings
- Parking: 73.4% of listings
Must-Have Amenities
Investors should prioritize essential amenities, as these significantly impact guest satisfaction and overall ratings.
Cost-Benefit Analysis
Investing in high-demand amenities can lead to higher occupancy rates and improved guest reviews, which are crucial for long-term success.
Regulatory Environment
Kansas City operates under a structured regulatory framework for STRs, which includes:
- Licensing and Permits: Required for all hosts.
- Primary Residence Requirements: Hosts must rent out their primary residence.
- Zoning Restrictions: Compliance with local zoning laws is mandatory.
For more detailed information, visit the City of Kansas City's Official Short-Term Rental Regulations Page.
Neighborhood Analysis
Top Performing Areas
Certain neighborhoods, such as the Crossroads District and Crown Center, consistently show higher occupancy rates due to proximity to attractions and amenities.
Emerging Neighborhoods
Areas like East Bottoms are gaining traction, presenting potential investment opportunities as they develop.
Market Outlook & Trends
Future Growth Projections
The STR market in Kansas City is expected to stabilize in the coming years, with moderate growth anticipated due to increasing tourism and local infrastructure improvements.
Risk Factors
Investors should be mindful of potential regulatory changes and market saturation, which could impact future growth.
Frequently Asked Questions
What is the average ROI for STRs in Kansas City?
- Expect an ROI of around 7% to 10% depending on property management.
When is the best time to visit Kansas City?
- The peak season runs from May to October.
What are the STR regulations in Kansas City?
- STRs must comply with licensing, primary residence, and zoning regulations.
Which property type performs best?
- Entire place listings generally yield higher revenue than private rooms.
How does Kansas City compare to other Missouri markets?
- Kansas City offers competitive ADRs and occupancy rates, but faces challenges with increased competition and regulatory scrutiny.
This comprehensive analysis provides potential investors with the insights needed to navigate the Kansas City STR market effectively. By understanding market dynamics, performance metrics, and guest preferences, investors can make informed decisions that align with their investment goals.
