Home investors are taking advantage of the growing popularity of Kissimmee vacation homes, and travelers are choosing short-term rentals over costly hotels more than ever before.
In Osceola County, the vacation rental market is thriving, benefiting homeowners, renters, and the county. Airbnb, VRBO, and Uber have fueled the sharing economy, giving vacation rental homes an even bigger boost.
Osceola County: The World’s Vacation Home Capital
The latest figures from Osceola County’s tourism authority show that the county has seen its vacation rental market grow by about 470 percent in recent years. The county’s 22,000 vacation rentals will soon multiply to meet the growing demand for holiday rental homes. This extraordinary growth has helped make Osceola County the self-proclaimed “Vacation Home Capital of the World.”
With 2,000 new homes set to appear in the next year and a half, the area will hold its position as the U.S. county with the most vacation homes. Home buyers looking to secure a luxury vacation home can maximize their return by finding the right home that has the features today’s travel guests need.
The Growing Demand for Vacation Rental Homes in Osceola County
Half of the available lodging in Osceola County consists of short-term vacation rentals. In 2018, 640,000 bookings in Osceola County were made through Airbnb alone, with revenue totaling over $82 million. The area has plenty of undeveloped land, making it a prime spot for new home developments with the features and amenities that accommodate a wide range of guests and lifestyles.
Local parks give visitors a chance to enjoy a variety of activities and scenery; nearby theme parks like Disney World draw millions of visitors from around the world each year; and developing communities are being designed with short-term rentals in mind.
The growth of the vacation rental market has resulted in new sources of revenue for the county. Although short-term guests don’t place too much of a demand on local resources, growing homeownership leads to more school and property taxes.
The county also generates millions of dollars in taxes related to tourism and its development. This makes it a favorable environment for home buyers who want to create a source of revenue by providing rental accommodations to travelers.
How to Find the Right Home and Cash In
New homes are developing all over Osceola County and the surrounding areas. Many are being built alongside resort-style developments such as Margaritaville that give visitors dining, shopping, and entertainment options.
Concierge services and other features appeal to travelers who want to enjoy all the surrounding attractions while having the comfort, privacy, and lower cost that can only be found in a vacation rental home.
Many of the homes are owned by investors from around the country and overseas. Team Donovan helps today’s home buyers find the homes that let them cash in on the growing vacation rental market.
Kissimmee vacation homes have the design features that Florida visitors look for, and the demand for these homes is on the rise. If you want to learn more, give us a call at (407) 705-2616 to schedule your free consultation today.