Burdett, New York Short-Term Rental Market Analysis

Burdett, New York, presents a unique yet challenging landscape for short-term rental (STR) investors. With a current inventory of 113 STRs, an average daily rate (ADR) of $275.54, and an occupancy rate of 38.33%, the market offers both opportunities and challenges for prospective hosts. Notably, the average monthly revenue per property stands at $2,776, providing a foundation for potential investment returns.

Burdett, New York Short-Term Rental Market Overview

Population: 357
Annual Visitors: 100,000
Total STRs: 152
ADR: $310.89

Visitor Profile

Burdett, New York, attracts a diverse range of visitors each year, contributing significantly to the local economy. While specific annual visitor numbers are not widely published, the region’s tourism is bolstered by its proximity to Seneca Lake and the Finger Lakes wine region, which draws both leisure and adventure travelers. Key demographic highlights indicate that visitors primarily consist of families, couples, and wine enthusiasts, with a notable interest in outdoor activities and local wineries. The economic impact of tourism in Burdett is substantial, supporting local businesses and creating job opportunities in hospitality and retail sectors.

In terms of visitor analysis, the tourism market in Burdett showcases a blend of demographics and travel patterns. The primary reasons for visiting include wine tasting, outdoor recreation, and cultural experiences, with many tourists drawn to the area’s scenic beauty and local events. The average length of stay for visitors is typically around two to three days, allowing ample time to explore the region’s attractions. Peak seasons generally align with the summer months and fall foliage, when outdoor activities and wine tours are at their height. According to the tourism bureau, visitors often engage in activities such as hiking, boating, and attending local festivals, which are highlighted on platforms like AARP (https://local.aarp.org/burdett-ny/things-to-do/). Repeat visitors are common, indicating a strong loyalty to the region. Overall, Burdett tourism statistics reveal a vibrant market that continues to thrive, making it a key player in the Finger Lakes tourism landscape.

Top Attractions

Burdett, New York, is a charming village nestled in the heart of the Finger Lakes region, offering a delightful mix of outdoor adventures and cultural experiences. Known for its breathtaking natural beauty, Burdett serves as a gateway to some of the area’s most stunning attractions. Visitors can explore the nearby Finger Lakes National Forest, which boasts miles of hiking trails and picturesque landscapes. Additionally, the village is close to Watkins Glen State Park, famous for its stunning gorges and waterfalls. Whether you’re seeking a peaceful retreat or an active getaway, Burdett attractions provide a variety of experiences that cater to all interests.

One of the top attractions in Burdett is the Finger Lakes National Forest, which spans over 16,000 acres of lush woodlands and scenic vistas. This forest offers numerous trails for hiking, biking, and horseback riding, making it a perfect spot for outdoor enthusiasts. For more information, visit the official website of the Finger Lakes National Forest. Another must-see is Watkins Glen State Park, located just a short drive away. This park features a stunning gorge with 19 waterfalls and a network of trails that provide breathtaking views. Explore the park’s beauty by checking out its official site. Additionally, the village itself offers quaint shops and local eateries that showcase the region’s charm. For a comprehensive list of things to do in Burdett, the official visitor guide from AARP is a great resource. Whether you’re hiking through the forest or enjoying local cuisine, Burdett has something for everyone to enjoy year-round.

Regulations

Burdett, New York, has established specific regulations governing short-term rentals to ensure community safety and compliance with local laws. Property owners looking to operate short-term rentals in Burdett must obtain a permit, which is crucial for legal operation. Additionally, hosts are required to collect and remit occupancy taxes, which can significantly impact profitability. Zoning laws may restrict where short-term rentals can be located, and safety requirements must be met to protect guests. Understanding these regulations is essential for property owners to avoid penalties and ensure a smooth rental experience. For those interested in navigating the Burdett short-term rental landscape, it’s vital to stay informed about the latest requirements.

Key regulations for short-term rentals in Burdett include obtaining a rental permit from the local government, which is necessary for compliance. Property owners must also adhere to the occupancy tax obligations, which currently stand at 4% for state and local taxes, with deadlines for remittance set quarterly. Zoning restrictions are in place to maintain the character of residential neighborhoods, often limiting rentals to specific areas. Safety requirements, such as smoke detectors and fire extinguishers, must be installed to ensure guest safety. Violations of these regulations can lead to fines or revocation of rental permits, making compliance essential for all hosts. For more detailed information on the regulations, visit the official Burdett municipal website (https://www.burdett-ny.gov) and the New York State Department of Taxation and Finance (https://www.tax.ny.gov). Understanding these Burdett short-term rental regulations will help property owners operate successfully while contributing to the local economy.

Vacation Rental Market Overview for Burdett

Burdett attracts visitors with its beaches and waterfront activities and cultural attractions and historic sites. 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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Burdett, New York Market Performance Trends

LTM Avg. Daily Rate$264.00
LTM Occupancy Rate53.6%
LTM Avg. Revenue$3,580

Short-Term Rental Market Performance Analysis for Burdett

The short-term rental market in Burdett 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.

Burdett, New York Rental Market Insights

10-Year Market Growth

Booking Activity

  • 1-3 Months:68.1% Booked
  • 4-6 Months:64% Booked
  • 7-9 Months:43.6% Booked
  • 10-12 Months:11.9% 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 Burdett

Burdett 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.

Burdett, New York Housing Market Data

Home Value Trends

Market Overview

  • Typical Home Value:$291,765

Current Inventory

  • Homes For Sale:10

Detailed Market Analysis

The average home value in Burdett, NY is $291,766, up 0.2% over the past year. Learn more about the Burdett housing market and real estate trends.

Real Estate Market Analysis for Burdett, New York

The residential real estate market in Burdett, New York 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: established neighborhoods, community amenities, and transportation accessibility These factors contribute to the overall market performance and future growth potential.

Real estate investments in Burdett, New York 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.

Burdett, New York Rental Market Composition

Entire Place by Beds

Common Rental Amenities

Amenity data is not available for this location.

Guest Rating Highlights

  • Overall Rating:4.88 / 5
  • Cleanliness:4.92 / 5
  • Location:4.97 / 5
  • Value:4.81 / 5
  • Accuracy:4.93 / 5
  • Check-in:4.98 / 5
  • Communication:4.96 / 5

Vacation Rental Property Types in Burdett

The vacation rental market in Burdett 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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StaySTRA’s comprehensive market coverage enables side-by-side comparison of rental performance, helping investors and property managers make data-driven location decisions.

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Executive Summary: Short-Term Rental Market Analysis for Burdett, New York

More Locations In New York

Related Short-Term Rental Markets

Explore 37 vacation rental markets within New York. Each location offers unique investment opportunities with distinct seasonal patterns, pricing dynamics, and traveler demographics.

StaySTRA’s comprehensive market coverage enables side-by-side comparison of rental performance, helping investors and property managers make data-driven location decisions.

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