Akron, Ohio Short-Term Rental Market Overview
Visitor Profile
Akron, Ohio, attracts approximately 1.5 million annual visitors, showcasing a diverse demographic landscape. The majority of visitors are aged between 25 and 54, with a balanced gender ratio. Key reasons for visiting include business travel, family visits, and leisure activities, particularly centered around the city’s rich cultural heritage and outdoor recreation. The economic impact of tourism in Akron is significant, contributing over $200 million annually to the local economy. This influx of visitors supports local businesses, hotels, and attractions, making Akron a vital hub for tourism in the region.
In terms of visitor statistics, the annual visitor count of 1.5 million reflects a steady growth trend, particularly in the summer months, which are considered peak seasons for tourism. The primary demographics reveal that around 60% of visitors come from neighboring states, with a notable percentage from Pennsylvania and Michigan. The average length of stay for visitors is approximately 2.5 nights, with many choosing to explore the city’s attractions such as the Akron Art Museum and the Cuyahoga Valley National Park. According to the tourism bureau (https://www.visitakron-summit.org/), the main reasons for visiting include attending events, enjoying local cuisine, and participating in outdoor activities. Additionally, Akron’s vibrant festivals and events draw significant crowds, further enhancing its appeal. The visitor statistics report (https://www.ohiotraveler.com/akron-travel-guide/) indicates that the city is increasingly becoming a destination for both leisure and business travelers, making it essential for STR operators to adapt their offerings to meet the evolving needs of this diverse visitor demographic.
Top Attractions
Akron, Ohio, is a vibrant city that offers a diverse array of attractions for visitors of all ages. Known for its rich history in rubber manufacturing, Akron boasts unique cultural experiences, beautiful parks, and family-friendly activities. Among the top attractions, the Akron Art Museum stands out with its impressive collection of contemporary art, while the Stan Hywet Hall & Gardens enchants visitors with its stunning estate and lush gardens. Whether you’re looking to explore the great outdoors or immerse yourself in local culture, Akron has something for everyone, making it a must-visit destination for travelers seeking memorable experiences. Read on to discover the top attractions in Akron that will enhance your visit.
One of the premier attractions in Akron is the Akron Art Museum, which features a remarkable collection of modern and contemporary art. The museum’s striking architecture and engaging exhibitions make it a cultural hub in the city. For more information, visit the official website at https://www.akronartmuseum.org. Another must-see is Stan Hywet Hall & Gardens, a historic estate that showcases the grandeur of the early 20th century. Visitors can explore the beautifully preserved mansion and its expansive gardens, making it a perfect spot for a leisurely stroll. Learn more at https://www.stanhywet.org. For outdoor enthusiasts, the Cuyahoga Valley National Park offers breathtaking landscapes and numerous trails for hiking and biking, providing a natural escape just a short drive from the city. Discover more about this stunning park at https://www.nps.gov/cuva/index.htm. Lastly, families can enjoy a day at the Akron Zoo, home to a variety of animals and interactive exhibits that educate and entertain. Check out the zoo’s offerings at https://www.akronzoo.org. For additional information on attractions and activities, the official visitor guide at https://www.visitakron-summit.org is an excellent resource.
Regulations
Akron, Ohio, has established specific regulations for short-term rentals to ensure safety, compliance, and neighborhood integrity. Property owners looking to operate short-term rentals must obtain a rental registration permit, which is essential for legal operation. Additionally, hosts are required to collect and remit a 3% lodging tax on all rental income, which supports local services. Zoning restrictions may apply, limiting where short-term rentals can be located, particularly in residential areas. Safety requirements, including smoke detectors and carbon monoxide alarms, are mandatory to protect guests. Understanding these regulations is crucial for property owners to avoid potential penalties, which can include fines or revocation of rental permits. For a comprehensive overview of the regulations, read on.
To operate a short-term rental in Akron, property owners must first secure a rental registration permit through the city’s Neighborhood Assistance Department. This process ensures compliance with local laws and ordinances. The lodging tax of 3% must be collected from guests and submitted to the city, with deadlines for remittance outlined by the finance department. Zoning regulations dictate that short-term rentals are primarily permitted in certain districts, so it’s essential to verify zoning compliance before listing a property. Safety requirements, such as having working smoke detectors and fire extinguishers, are also enforced to ensure guest safety. Violations of these regulations can lead to significant penalties, including fines or the potential loss of the rental permit. For detailed information on rental registration, visit the official site at https://www.akronohio.gov/departments/neighborhood_assistance/rental_registration.php. For zoning and permit details, check https://www.akronohio.gov/departments/service/engineering_bureau/plans_permits.php and refer to the municipal code at https://library.municode.com/oh/akron/codes/code_of_ordinances?nodeId=AKRON_OHIOMUCO.
Vacation Rental Market Overview for Akron
Akron attracts visitors with its cultural attractions and historic sites 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.
Akron, Ohio Market Performance Trends
Short-Term Rental Market Performance Analysis for Akron
The short-term rental market in Akron 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.
Akron, Ohio Rental Market Insights
10-Year Market Growth
Booking Activity
- 1-3 Months:64% Booked
- 4-6 Months:55.2% Booked
- 7-9 Months:41.9% Booked
- 10-12 Months:7.1% Booked
Cancellation Policies
- Flexible:45.6%
- Moderate:29.5%
- Strict:21.8%
- Super Strict:21.8%
- N/A:2%
Minimum Stay
- 1 Day:138
- 2 Days:126
- 3 Days:38
- 4-6 Days:22
- 7-29 Days:19
- 30+ Days:25
Short-Term Rental Regulations and Booking Patterns in Akron
Akron 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.
Akron, Ohio Rental Market Composition
Entire Place by Beds
Common Rental Amenities
Vacation Rental Property Types in Akron
The vacation rental market in Akron 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.
