The short-term rental market in Bowling Green, Kentucky, is thriving, with high demand, a strong occupancy rate, and various regulatory adjustments to support both investors and local communities.
Thriving Short-Term Rental Market in Bowling Green, Kentucky
Bowling Green, Kentucky, is experiencing a robust and vibrant short-term rental market, driven by its attractive tourist destinations and proximity to national parks like Mammoth Cave and Daniel Boone Forest. The city's short-term rentals are in high demand, with a strong occupancy rate reflecting the market's health. Although specific average daily rates for short-term rentals in Bowling Green are not provided in the available sources, the average price range for short-term rentals is between $672 and $1,335 per month, indicating a lucrative market for investors.
The city's regulations, while stringent to maintain neighborhood character and quality of life, support a well-structured and compliant short-term rental ecosystem. With proposals to streamline permitting and enforcement, the market is poised for continued growth, making Bowling Green an appealing destination for both tourists and investors in the short-term rental sector.
Short-Term Rental Regulations in Bowling Green, Kentucky for 2024
Registration and Permit Requirements
- All short-term rental units must obtain a valid permit issued by the Boone County Occupational License Office or the relevant local authority in Bowling Green.
Zoning Restrictions
- Short-term rentals are prohibited in single-family residential (RS) zones. However, Bed and Breakfast establishments can operate in these zones with a special permit.
Safety Standards
- Properties must meet specific safety regulations, including:
- Continuous hallway illumination and emergency lighting in properties where suites of bedrooms are rented separately.
- Smoke alarms installed in the sleeping areas.
- Compliance with the Kentucky Residential Code, including self-closing doors and a minimum of two ground-floor exits.
Operational Standards
- Different types of short-term rentals have distinct requirements:
- Boarding House: Compliance with the Kentucky Residential Code, guest limit of 10 people.
- Bed and Breakfast Homes: Owner-occupied, guest limit of 5 people, illuminated corridors and hallways, self-closing doors, and a minimum of two ground-floor exits.
- Bed and Breakfast Inns: Owner-occupied, guest limit of 6 bedrooms, illuminated corridors and hallways, self-closing doors, and a minimum of two ground-floor exits.
- Lodging Houses: Owner-occupied, guest limit of 5 bedrooms, illuminated corridors and hallways, self-closing doors, and a minimum of two ground-floor exits. Must be at least 10 feet from other properties or have one hour fire-rated protection.
Licensing and Advertising
- Short-term rental listings must display the license number.
- Annual permit fee of $45 for inspections and compliance.
Enforcement
- Regular inspections are required to ensure compliance with safety and operational standards.
Guest Limits
- No more than 10 guests can be hosted at a time in a single unit.
Other Requirements
- Properties must undergo an inspection before they can be rented out to guests.
- Visible identification of the property from the street is required.
Top Neighborhoods for Airbnb Revenue in Bowling Green, Kentucky
1. Downtown Bowling Green
- Appeal: Centrally located, these rentals offer easy access to Western Kentucky University (WKU) campus, the downtown square, performing arts center, Hot Rods Stadium, and numerous local restaurants and pubs. Properties like the "Downtown BG Getaway" and "Lux Loft Living in Downtown SoDo District" are highly rated for their stylish and convenient locations.
2. Mid-Century Neighborhoods near WKU
- Appeal: Neighborhoods hosting properties like "Miss Gabie’s Mid-Century Place" are popular due to their charm, modern updates, and proximity to WKU and historic downtown Bowling Green. These areas provide a comfortable and homey stay with easy access to local attractions.
3. River Bend and Corvette Factory Area
- Appeal: Located off I-65, this area is appealing for its proximity to the National Corvette Museum, NCM Motorsports Park, and other attractions like Mammoth Cave and Beech Bend Raceway. Rentals such as "Bungalow In The River Bend" are favored by guests for their quiet, clean, and conveniently located properties.
4. Park Street and Fountain Square Area
- Appeal: This area is known for its historical homes and central location. Properties like the "Blue House Paradise on Park Street" are highly rated for being just a block from the iconic water tower and two blocks from downtown's Fountain Square, offering a mix of historical charm and modern amenities.
5. Brockley and Surrounding Areas
- Appeal: Neighborhoods with rentals such as "Bungalow on Brockley" and "Bungalow #2" are popular due to their central location, close proximity to Kroger, downtown, coffee shops, and restaurants. These areas are also near WKU campus and other local attractions, making them highly convenient for guests.
These neighborhoods are highly appealing due to their central locations, proximity to key attractions, and the variety of amenities they offer, making them top generators of Airbnb revenue in Bowling Green, Kentucky.
Furnishing and Design Tips for an Inviting Airbnb in Bowling Green, Kentucky
Understanding the Local Style and Guest Preferences
- Reflect the City's Unique Charm: Incorporate elements that resonate with Bowling Green's natural beauty, such as farmhouse chic, contemporary minimalism, and cozy designs. Consider using local artwork or pieces that reflect regional culture to enhance the guest experience.
Choosing the Right Furniture
- Select Timeless, Sturdy Pieces: Opt for furniture that is easy to clean and maintain. Avoid flimsy or high-maintenance materials like real and faux leather. Instead, choose durable, easy-to-clean options that can withstand frequent use.
- Space-Saving Furniture: Use versatile pieces like sofa beds, folding tables, and ottomans with hidden storage compartments to maximize space and functionality.
Layout and Design Considerations
- Measure and Plan the Layout: Ensure the rooms are well-measured and the furniture is arranged to maximize space and natural light. Avoid blocking natural light sources and leave ample space for guests to move around.
- Smart Storage Solutions: Implement smart storage options such as beds with drawers, wall hooks, pegboards in the kitchen, and stackable containers to keep the space tidy and organized.
Amenities and Essentials
- Modern Kitchens and Living Areas: Include modern kitchens with essential cookware, utensils, and dinnerware. Provide a cutting board, measuring cups, and a corkscrew. Ensure there is ample storage for food and kitchen essentials.
- Comfortable Bedrooms: Use solid beds with easy-to-clean mattresses, preferably memory foam for durability. Add a mattress cover and choose white linens for a hotel-like feel.
- Bathrooms and Toiletries: Provide high-quality, durable towels in neutral colors and ensure there is enough storage for guests' toiletries and personal items. Include a hairdryer, basic toiletries, and a first-aid kit.
Work and Leisure Spaces
- Dedicated Workspaces: For business travelers and digital nomads, ensure there is a sturdy desk, a comfy chair, good lighting, and easy access to power outlets. High-speed internet and a Wi-Fi booster (if necessary) are crucial.
- Relaxation and Entertainment: Include amenities like a full-length mirror, power sockets for hair dryers/straighteners, and a blender and sharp knives in the kitchen. For outdoor spaces, consider features like private nature decks, hot tubs, or fire pits.
Safety and Accessibility
- Safety Features: Install smoke detectors, carbon monoxide detectors, and provide a first aid kit. Consider a safe for valuables.
- Accessibility: Make your Airbnb accessible to guests with disabilities by including features like ramps, wide doorways, and grab bars in bathrooms.
Seasonal and Timely Updates
- Off-Season Updates: Plan furniture updates during the off-season or short gaps between bookings to minimize disruption. This ensures your space remains in top shape for guests.
By following these tips, you can create an inviting Airbnb space in Bowling Green, Kentucky, that reflects the city's unique style and meets the diverse needs of your guests.
Discover the Charm of Bowling Green, Kentucky: Local Attractions and Insider Tips
Must-Visit Attractions
1. National Corvette Museum
- A paradise for car enthusiasts, featuring over 80 Corvettes, interactive exhibits, and a Corvette Simulator for a virtual test drive.
2. Lost River Cave
- Explore the underground river by boat, hike the trails, or try zip-lining. Learn about its rich history, including its use as a hideout and dance hall.
3. Beech Bend Park & Splash Lagoon
- A family-friendly destination with amusement park rides, a water park, and a campground. Enjoy roller coasters, a wave pool, and kiddie rides.
4. Historic RailPark and Train Museum
- Step back in time and explore restored railcars. Guided tours provide insights into the lives of railroad workers and passengers.
5. Fountain Square Park
- Located in downtown Bowling Green, this park is perfect for a picnic, surrounded by shops and restaurants. Enjoy the beautiful fountain and landscaping.
6. Chaney’s Dairy Barn
- Experience rural Kentucky with homemade ice cream, farm tours, and the chance to see cows being milked. A delightful and educational outing for all ages.
7. Aviation Heritage Park
- Honoring the achievements of aviators from south-central Kentucky, featuring meticulously restored aircraft with unique stories.
8. Motorsports Park
- For racing enthusiasts, the park offers various tracks, including road circuits and karting tracks. A great place for both seasoned pros and beginners.
9. Mammoth Cave National Park
- Just a short drive away, this park offers a variety of cave tours suitable for all adventure levels. Explore the world's longest cave system.
10. Baker Arboretum and Downing Museum
- While not explicitly mentioned in the sources, this is another hidden gem for nature lovers and art enthusiasts, offering beautiful gardens and an art museum.
Insider Tips
- Local Eats:
- Visit Gerard’s Tavern in downtown Bowling Green for a great meal.
- Enjoy homemade ice cream at Chaney’s Dairy Barn.
Try the funky, fresh tacos at Local Taco.
Seasonal Activities:
- During October, experience the seasonal activations and haunted history tours.
In the fall, enjoy the festive atmosphere, apple cider, and pumpkin-themed events.
Family Fun:
- Spend a day at Beech Bend Amusement Park and Splash Lagoon.
Take a boat tour at Lost River Cave and explore the hiking trails.
Adult Getaways:
- Participate in the West KY Brewery Hop and visit local winemakers.
Challenge your group with indoor rock climbing or an escape game.
Community Events:
- Check out the Bowling Green International Festival to experience cultures from around the world.
- Attend the WKU Homecoming events and other local festivals.
By sharing these attractions and insider tips, you can help your Airbnb guests make the most of their visit to Bowling Green, Kentucky.
Practical Tips to Run a Successful Short Term Rental Business in Bowling Green, Kentucky
To ensure a smooth and successful short-term rental business in Bowling Green, Kentucky, several practical tips can be implemented:
Noise Regulations and Quiet Hours
Inform your guests about the local noise regulations and quiet hours to maintain a harmonious relationship with the neighborhood. Clearly outline these rules in your house manual and communicate them through pre-arrival messages to avoid any potential issues.
Comprehensive House Manual
Create both digital and physical house manuals that include essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should be easily accessible to guests, either in the rental property or via a digital link provided before their arrival.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with detailed instructions on how to access the property, along with photos to help them navigate any specific steps, such as unlocking the door or finding the parking area.
Parking Instructions with Photos
Ensure that parking instructions are clear and accompanied by photos to avoid confusion. This is particularly important in areas where parking regulations are strict or limited. By providing visual aids, you can reduce the likelihood of parking issues and make the guest's stay more convenient.
By adhering to these tips, you can enhance the guest experience, comply with local regulations, and maintain a positive reputation for your short-term rental business in Bowling Green, Kentucky.
Here is a brief list of house cleaning, repair, or maintenance providers in Bowling Green, Kentucky:
House Cleaning Services
- Merry Maids of Bowling Green: Offers weekly, bi-weekly, and monthly cleaning services that can be customized to fit your needs.
- Various Providers through Care.com: A list of 26 affordable house cleaning options, searchable by rates, reviews, experience, and more.
- Top Rated House Cleaners on Angi: A list of the top 10 best house cleaners in Bowling Green, KY, with real reviews and ratings.
Exterior Cleaning and Maintenance
- Grime Stoppers: Specializes in exterior cleaning services including pressure washing, window cleaning, and gutter cleaning for residential and commercial properties.
Managing Short-Term Rentals in Bowling Green, Kentucky: Understanding Fees and Services
In Bowling Green, Kentucky, the fees for managing short-term rentals can vary significantly, typically ranging from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management, which includes comprehensive tasks such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often costing between 20% to 30% of the rental income. In contrast, basic or a la carte services may be more budget-friendly, falling on the lower side of the range. Additionally, hosts may incur extra fees for services like cleaning, repairs, or design enhancements, which can further impact the overall cost of managing their short-term rental properties. Navigating these fees and services is crucial for hosts to ensure they are getting the best value while complying with local regulations and maintaining a profitable rental business.