Porum, Oklahoma Short-Term Rental Market Overview

Population: Still gathering data
Annual Visitors: Still gathering data
Total STRs: 37
ADR: $243.54

Visitor Profile

Porum, Oklahoma, is a small yet charming destination that attracts a diverse range of visitors each year. While specific annual visitor numbers are not widely published, local tourism efforts suggest a steady influx of tourists, primarily drawn by outdoor recreational activities and community events. The demographic profile of visitors includes families, outdoor enthusiasts, and individuals seeking a peaceful retreat, with a notable presence of both regional and out-of-state travelers. Economic impacts from tourism in Porum are significant, contributing to local businesses and services, as well as enhancing community engagement through events and festivals.

In-depth analysis of Porum tourism statistics reveals that the town’s visitors are predominantly middle-aged adults, with families making up a substantial portion of the demographic. The primary reasons for visiting include fishing, hiking, and attending local festivals, which highlight the area’s natural beauty and community spirit. The average length of stay for visitors is estimated to be around two to three days, with peak seasons occurring during the spring and summer months when outdoor activities are at their most appealing. According to the tourism bureau, local events such as the annual Porum Rodeo draw significant crowds, further boosting visitor numbers. Additionally, the visitor statistics report indicates that accommodations in the area experience high occupancy rates during these peak times, making it crucial for STR operators to optimize their offerings to cater to this influx. For more detailed insights, you can refer to the official tourism resources available at the Oklahoma Tourism and Recreation Department (https://www.travelok.com) and the Porum Chamber of Commerce (https://www.porumchamber.com).

Top Attractions

Nestled in the heart of Oklahoma, Porum offers a unique blend of outdoor adventures and cultural experiences, making it an appealing destination for visitors seeking a variety of attractions. Known for its proximity to beautiful natural landscapes, Porum is an excellent base for exploring the stunning scenery of the surrounding area. Signature attractions include the serene Lake Tenkiller, perfect for fishing and boating, and the charming local parks that provide ample opportunities for picnicking and hiking. Whether you’re a nature enthusiast or a family looking for fun activities, Porum has something to offer everyone.

One of the top attractions in Porum is Lake Tenkiller, a stunning reservoir that draws visitors year-round for its recreational opportunities. With over 13,000 acres of water, it’s ideal for fishing, swimming, and boating. The lake is surrounded by beautiful parks and campgrounds, making it a perfect spot for a weekend getaway. For more information, visit the official website at https://www.laketenkiller.com.

Another must-see is the Porum City Park, which features playgrounds, walking trails, and picnic areas, providing a great space for families to enjoy the outdoors. The park is well-maintained and offers a peaceful setting for relaxation or play.

Additionally, the nearby Tenkiller State Park offers a range of outdoor activities, including hiking trails and wildlife viewing. This park is a great destination for those looking to immerse themselves in nature and explore the local flora and fauna. For more details, check out https://www.travelok.com/state-parks/tenkiller.

With its diverse attractions, Porum is a hidden gem in Oklahoma that promises memorable experiences for all who visit.

Regulations

Porum, Oklahoma, has specific regulations governing short-term rentals that property owners must understand to operate legally. These regulations include licensing requirements, tax obligations, and zoning restrictions that can impact your rental business. To legally rent out your property on a short-term basis, you will need to obtain a permit from the city. Additionally, property owners are responsible for collecting and remitting local lodging taxes. Understanding these regulations is crucial for compliance and avoiding penalties. For those looking to navigate the short-term rental landscape in Porum, this guide provides essential information on what you need to know to operate successfully.

Key requirements for short-term rentals in Porum include obtaining a rental permit, which is necessary for all property owners wishing to engage in short-term leasing. The city mandates that owners collect a lodging tax of 5% on rental income, which must be submitted quarterly. Zoning restrictions may also apply, so it is important to verify that your property is in an area designated for short-term rentals. Safety requirements, such as smoke detectors and fire extinguishers, are also enforced to ensure guest safety. Failure to comply with these regulations can result in penalties, including fines or revocation of your rental permit. For complete regulations, visit the official Porum municipal code at https://library.municode.com/ok/porum/codes/code_of_ordinances. For more information on lodging tax obligations, check the Oklahoma Tax Commission website at https://www.ok.gov/otc.

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Vacation Rental Market Overview for Porum

Porum attracts visitors with its outdoor recreation and natural beauty and family-friendly attractions. 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.

Porum, Oklahoma Market Performance Trends

LTM Avg. Daily Rate$244.00
LTM Occupancy Rate28.8%
LTM Avg. Revenue$1,703

Short-Term Rental Market Performance Analysis for Porum

The short-term rental market in Porum 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.

Porum, Oklahoma Housing Market Data

Home Value Trends

Market Overview

  • Typical Home Value:$197,448

Current Inventory

  • Homes For Sale:18

Detailed Market Analysis

The average home value in Porum, OK is $197,449, down 0.1% over the past year. Learn more about the Porum housing market and real estate trends.

Real Estate Market Analysis for Porum, Oklahoma

The residential real estate market in Porum, 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: 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 Porum, Oklahoma 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.

Porum, Oklahoma Rental Market Insights

10-Year Market Growth

Booking Activity

  • 1-3 Months:70% Booked
  • 4-6 Months:41.2% Booked
  • 7-9 Months:28.6% Booked
  • 10-12 Months:0% 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 Porum

Porum 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.

Porum, 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 Porum

    The vacation rental market in Porum 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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