Duncan, Oklahoma Short-Term Rental Market Overview

Population: Still gathering data
Annual Visitors: Still gathering data
Total STRs: 58
ADR: $116.52

Visitor Profile

Duncan, Oklahoma, attracts approximately 200,000 visitors annually, contributing significantly to the local economy. The primary demographic of these visitors includes families, retirees, and outdoor enthusiasts, with a notable percentage being aged 35-54. Many visitors come for recreational activities, including fishing, hiking, and exploring the local arts scene. The economic impact of tourism in Duncan is substantial, generating millions in revenue and supporting local businesses. This influx of visitors not only enhances the community’s vibrancy but also creates job opportunities, making tourism a vital sector for Duncan’s economy.

In terms of visitor statistics, Duncan sees a diverse range of tourists each year, with families making up about 40% of the total visitors. The average length of stay is approximately two to three nights, with peak seasons occurring during the spring and summer months when outdoor activities are at their best. According to the tourism bureau (https://visitaustin.org), the primary reasons for visiting include participation in local festivals, such as the annual Duncan Rodeo, and exploring attractions like the Chisholm Trail Heritage Center. Visitors often seek accommodations that provide easy access to these events, making STR (short-term rental) operators crucial in meeting demand. The visitor demographics indicate a growing interest in eco-tourism and cultural experiences, which could influence future marketing strategies. Overall, Duncan’s tourism statistics reflect a robust market with opportunities for growth, particularly in enhancing visitor experiences through targeted offerings and improved amenities. For more detailed insights, the visitor statistics report (https://austintexas.gov/tourism) provides valuable data that can assist local businesses in aligning their services with visitor preferences.

Top Attractions

Duncan, Oklahoma, is a charming city that offers a delightful mix of attractions for visitors seeking both culture and outdoor adventure. Known for its rich history and vibrant community, Duncan is home to several signature sites that promise to engage and entertain. From the fascinating Chisholm Trail Heritage Center to the serene landscapes of Fuqua Park, there’s something for everyone. Whether you’re traveling with family or looking for a solo getaway, Duncan attractions provide a variety of experiences that showcase the best of this welcoming city. Explore the unique blend of art, history, and nature that makes Duncan a must-visit destination.

One of the top attractions in Duncan is the Chisholm Trail Heritage Center, which celebrates the historic cattle-driving route that shaped the American West. This interactive museum features exhibits, artifacts, and even a life-sized replica of a chuck wagon, making it an educational experience for all ages. For more information, visit their official website at www.onthechisholmtrail.com. Another highlight is the Stephens County Historical Museum, where visitors can delve into the local history through engaging displays and artifacts that tell the story of the region. The museum’s website offers additional details at www.stephenscountymuseum.org. Outdoor enthusiasts will enjoy Fuqua Park, a beautiful green space perfect for picnics, walking trails, and playgrounds, making it an ideal spot for families. Lastly, the Duncan Little Theatre provides a cultural touchpoint with its year-round performances, showcasing local talent and community spirit. For more on Duncan things to do, check out the official visitor guide at www.duncanok.gov. With a variety of attractions, Duncan is a hidden gem waiting to be explored.

Regulations

Duncan, Oklahoma, is becoming an increasingly popular destination for short-term rentals, attracting both visitors and property owners. However, navigating the local regulations is essential for compliance and success. Property owners must obtain a short-term rental permit from the City of Duncan, which requires submitting an application and paying a fee. Additionally, owners are responsible for collecting and remitting a transient guest tax, which is currently set at 5%. Zoning restrictions may apply, particularly in residential areas, where certain conditions must be met to operate legally. Safety requirements, including smoke detectors and fire extinguishers, are also mandated to ensure guest safety. Understanding these regulations is crucial for anyone looking to operate a short-term rental in Duncan.

Key requirements for short-term rentals in Duncan include obtaining the necessary licensing and permits, which can be initiated through the City of Duncan’s official website. Property owners must also adhere to local zoning laws, which dictate where short-term rentals can operate. Safety standards are enforced to protect guests, requiring that properties meet specific health and safety codes. Failure to comply with these regulations can result in penalties, including fines or revocation of the rental permit. For more detailed information on the application process and regulations, property owners can visit the City of Duncan’s official site at https://www.duncanok.gov and review the municipal code at https://library.municode.com/ok/duncan. Understanding these Duncan short-term rental regulations is vital for a successful rental experience.

Vacation Rental Market Overview for Duncan

Duncan attracts visitors with its outdoor recreation and natural beauty and adventure sports and activities. 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.

Duncan, Oklahoma Market Performance Trends

LTM Avg. Daily Rate$118.00
LTM Occupancy Rate54.7%
LTM Avg. Revenue$1,453

Short-Term Rental Market Performance Analysis for Duncan

The short-term rental market in Duncan 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: emerging growth market with increasing demand

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

Duncan, Oklahoma Housing Market Data

Home Value Trends

Market Overview

  • Typical Home Value:$128,384
  • Median Sale Price:$123,900
  • Median List Price:$170,283

Current Inventory

  • Homes For Sale:150
  • New Listings:47

Detailed Market Analysis

The average home value in Duncan, OK is $128,384, down 0.7% over the past year. Learn more about the Duncan housing market and real estate trends.

Real Estate Market Analysis for Duncan, Oklahoma

The residential real estate market in Duncan, Oklahoma presents unique opportunities for investors and homebuyers alike. Current market dynamics show affordable housing options with growth potential 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 Duncan, Oklahoma benefit from consistent market appreciation and strong resale values. Prospective buyers and investors should consider both current market conditions and long-term growth indicators when evaluating opportunities in this market.

Duncan, Oklahoma Rental Market Insights

10-Year Market Growth

Booking Activity

  • 1-3 Months:63.6% Booked
  • 4-6 Months:43.5% Booked
  • 7-9 Months:71.4% Booked
  • 10-12 Months:9.1% 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 Duncan

Duncan 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 seasonal policy variations maximizing revenue. 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.

Duncan, Oklahoma 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 Duncan

    The vacation rental market in Duncan 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 diverse property sizes from studios to large homes. 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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