Yellow Springs, Ohio Short-Term Rental Market
Yellow Springs, OH bans new non-owner-occupied short-term rentals; June 2026 ADR was $131 at 68.8% occupancy.
Quick Answer: Yellow Springs, Ohio is an active short-term rental market. average occupancy in the Dayton market area is 69%. average monthly revenue in the Dayton market area is $2,542. average daily rate in the Dayton market area is $131. the top operator in the Dayton market area is Evolve with 29 listings. market score is 97/100 (grade A).
Market data reflects the Dayton regional market, which includes Yellow Springs. Regulations, taxes, and permit details below are specific to Yellow Springs.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
Yellow Springs has some of the strictest short-term rental rules of any comparable Ohio municipality. A 2021 ordinance banned all new non-owner-occupied Transient Guest Lodgings (TGLs), so any new STR permit requires the operator to live on the property; a small number of previously existing non-owner-occupied units were grandfathered in (at a $2,000 annual fee, versus $100 for owner-occupied units). No new TGL may be located within 500 feet of another existing TGL, measured property line to property line, a rule designed to prevent clustering. As of 2025, roughly 40 TGLs operated in the village, more than eight comparable Ohio towns despite the village’s strictest-in-class rules, per the area profile.
Yellow Springs is a nationally known arts-and-nature tourist village 20 miles east of Dayton, population 3,711, drawing a disproportionately large visitor flow (a regional estimate of about 200,000 annual visitors) relative to its size, mostly regional day-trippers and weekenders from the Dayton, Columbus, and Cincinnati metros drawn to Glen Helen Nature Preserve, John Bryan State Park, and the walkable independent downtown.
StaySTRA tracks Yellow Springs’s ADR, occupancy, and revenue at a shared regional level with Dayton, so the figures below describe the Dayton area STR market. In June 2026, the Dayton area STR market posted a blended ADR of $130.93 and 68.8% occupancy, with average monthly revenue of $2,542/listing. Occupancy is up 3.13 percentage points year over year, ADR is up 1.26%, and revenue is up 1.80% year over year.
Bedroom mix, listing-type breakdown, and the top-property-manager list are tracked at the same shared regional level rather than uniquely for Yellow Springs, so this profile omits those breakdowns.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 51% |
| Feb | 60% |
| Mar | 63% |
| Apr | 64% |
| May | 65% |
| Jun | 70% |
| Jul | 72% |
| Aug | 68% |
| Sep | 63% |
| Oct | 62% |
| Nov | 58% |
| Dec | 57% |
Month-by-month nightly rates and revenue figures for Yellow Springs are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Dayton market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Dayton market as a whole, which includes Yellow Springs, so these counts are not Yellow Springs-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Evolve | 29 | 687 | ★ 4.36 |
| 2 | JlawFoundations | 15 | 1,948 | ★ 4.85 |
| 3 | Sadie Group | 10 | 880 | ★ 4.94 |
| 4 | Landing, Inc. | 10 | 14 | ★ 3.40 |
| 5 | Crew Housing | 7 | 100 | ★ 4.95 |
What Kind of STR Should I Buy in Yellow Springs?
Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Yellow Springs are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 64% |
| vrbo | 2.9% |
| both | 33.1% |
Home Value Trends (Yellow Springs)
Typical home values, median sale prices, and the 10-year price trend for Yellow Springs are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Yellow Springs — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
Yellow Springs has some of the strictest short-term rental rules of any comparable Ohio municipality. To operate an Airbnb or VRBO (called a Transient Guest Lodging, or TGL, locally), an operator needs a Conditional Use Permit approved by the Village Planning Commission at a public hearing (roughly a $100 hearing fee plus a $25 TGL certificate), and the unit must pass a Miami Township Fire & Rescue inspection for smoke and carbon monoxide detectors, reinspected annually.
A 2021 ordinance banned all new non-owner-occupied TGLs, so new operators must live on the property. No new TGL may locate within 500 feet of another existing TGL, measured property line to property line, to prevent clustering. Annual fees are $100 for owner-occupied units and $2,000 for the small number of grandfathered previously existing non-owner-occupied units.
A villagewide 3% lodging tax applies to all stays, remitted twice yearly (by April 15 and October 15). Enforcement tools include fines, citations, public disclosure of violators, and permit revocation for non-payment of the lodging tax; enforcement is rated strict. As of 2025, roughly 40 TGLs operated in the village. The Planning Commission was considering tightening the 500-foot spacing rule further as of August 2025, with a draft amendment discussed for a September 2025 meeting; no vote had been taken as of the last update.
Market Comparison
The Dayton area STR market’s June 2026 occupancy of 68.8% runs well above the commonly cited US STR median of roughly 55%, while its $130.93 blended ADR sits well below the roughly $220 US median, a higher-occupancy, lower-rate profile typical of a smaller regional market.
Top-property-manager data is not currently published uniquely for Yellow Springs in this snapshot (tracked at a shared regional level with Dayton instead), so this profile omits a named-operator comparison.
Frequently Asked Questions About Yellow Springs, Ohio
Can I buy a house in Yellow Springs, OH and rent it out as an Airbnb without living there?
What permit does a Yellow Springs short-term rental need?
Is there a spacing rule for short-term rentals in Yellow Springs?
What is the average daily rate for short-term rentals near Yellow Springs, OH?
What is the gross yield on a Yellow Springs short-term rental?
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