In Camden, Delaware, the short-term rental market is showing resilience, with average rents at $1,745 per month, a 7% increase over the last month, and a relatively stable occupancy rate, despite some year-over-year adjustments.
Strong Short-Term Rental Performance in Camden, Delaware
Camden, Delaware is experiencing a robust rental market, particularly in the short term. As of November 2024, the median rent for all rentals in Camden has shown resilience, with an average rent of $1,650 per month, which is slightly higher than the national average.
Despite some fluctuations, the rental market indicates healthy occupancy rates. While specific short-term occupancy data for Camden is not available, the broader context suggests stable demand. For instance, the overall occupancy rate for similar rental markets has been around 95%, indicating a strong demand for rental properties.
In terms of average daily rates, while exact figures are not provided for Camden specifically, the monthly averages translate to daily rates that remain competitive. For example, a 1-bedroom apartment averaging $1,648 per month would be approximately $54 per day, and a 2-bedroom apartment at $1,872 per month would be around $62 per day.
Overall, Camden's rental market is performing well, with stable occupancy and competitive pricing, making it an attractive option for both renters and investors.
Short-Term Rental Regulations in Camden, Maine (Not Delaware) for 2024
Note:
The regulations provided are for Camden, Maine, as there is no specific information available for a town named Camden in Delaware.
Proposed Regulations in Camden, Maine
Categories of Short-Term Rentals
- Commercial STRs: Owned by the licensee
- Residential STRs
- Seasonal STRs.
Registration and Licensing
- Registration required for all STRs
- STR owners must be issued a license card with a unique license number; licenses are valid for one year and require renewal before January 1 of each new year.
Safety and Health Standards
- Proof of adequate septic system/drain field capacity
- An acceptable Informational Packet must be provided to short-term rental occupants, including:
- Fire escape routes and emergency exits
- 24-Hour Emergency Contact
- Trash pick-up
- Noise violation standards.
Insurance and Liability
- Certificate of insurance demonstrating property insurance and general liability insurance with coverage of at least $1,000,000, or evidence that the STR owner conducts transactions through an Internet hosting platform that provides equal or greater coverage.
Advertising and Calendar Requirements
- No advertising or identifying mechanisms (such as signage) on the STR property
- The advertisement must contain the unique licensing number assigned to the STR
- The calendar on any website or online advertising service must provide information concerning the dates during which the STR is booked and reservation cancellations.
Notification of Abutting Property Owners
- The Licensee must inform abutting property owners that a license has been granted by the town.
Compliance with Local Standards
- STRs must comply with local building, health, and safety codes, including proper egress, functional smoke detectors, and fire extinguishers.
Other Requirements
- STR owners must ensure that their properties do not exceed capacity limits (e.g., sewer system capacity).
Top Neighborhoods for Airbnb Revenue in Camden, Delaware
1. Historic District of Camden
- This area is highly appealing due to its historic charm and proximity to key attractions such as Dover, Dover Air Force Base, Dover Speedway, and Dover Downs. The "little backyard guest house" in this district is a favorite among guests, offering a private and cozy hideaway with easy access to local amenities.
2. Dover Area (adjacent to Camden)
- Although technically in Dover, these rentals are close enough to Camden to be considered part of the broader area. They are popular for their convenience to Dover Downs, Delaware State University (DSU), Wesley College, and the Delaware Turf Sports Complex. Guests appreciate the spacious apartments, such as "Edi’s Suite," which offer privacy, comfort, and easy access to major highways and attractions.
3. Magnolia Area (near Camden)
- This neighborhood is attractive due to its central location, providing easy access to Dover attractions, beaches, and the racetrack. Rentals like the "Perfect Rental for Dover Attractions & Bay Beaches" are favored for their proximity to Highway 1, the DE Sports Complex, and various shopping and dining options.
4. Clayton Area (near Camden)
- Guests are drawn to this area for its unique and quaint accommodations, such as the "Quaint 1st floor 1 BR apt in Historic Firehouse." The historic charm and the convenience of being near Camden’s amenities make this neighborhood a revenue generator.
Why These Neighborhoods Are Appealing
- Historic Charm and Proximity: Guests appreciate the historic feel and the close proximity to major attractions and amenities.
- Convenience and Accessibility: Easy access to highways, shopping centers, and local attractions makes these neighborhoods highly desirable.
- Unique Accommodations: Quaint and historic properties, such as those in the Historic District and Clayton, offer a unique experience that sets them apart from standard hotel stays.
- Family and Pet-Friendly: Many of these rentals are designed to accommodate families and pets, making them appealing for a broader range of guests.
- Modern Amenities: The availability of modern amenities like high-speed WiFi, smart TVs, and fully equipped kitchens enhances the guest experience and increases the appeal of these neighborhoods.
Furnishing and Design Tips for an Inviting Airbnb in Camden, Delaware
Measuring and Layout
- Start by measuring your rooms and planning the best layout to ensure ample space to move around and to utilize natural light sources effectively.
Choosing Sturdy, High-Quality Furniture
- Opt for solid, high-quality items such as solid wood furniture over particle board. Avoid cheap, flimsy pieces that may not last.
Easy-to-Clean Furniture
- Select furniture that is easy to clean. For items like sofas, consider those with washable covers or leather upholstery. Use ScotchGuard on fabrics and maintain them regularly.
Functional and Purposeful Furniture
- Ensure each piece of furniture serves a purpose. Avoid unnecessary decor and focus on functional items like storage beds, cabinets under TVs, and accent tables instead of nightstands.
Space-Saving and Multi-Functional Pieces
- Use space-saving furniture such as sofa beds, folding tables, and ottomans with hidden storage to maximize the use of space.
Reflecting Local Style
- Incorporate elements that reflect Camden, Delaware's unique style, such as traditional or coastal decor, to create a welcoming and authentic atmosphere.
Lighting and Mirrors
- Use smaller, warmer lights to create a soothing ambiance. Place mirrors across from windows to reflect natural light and make the space feel larger.
Storage and Organization
- Implement smart storage solutions like beds with drawers, wall hooks, and stackable containers to keep the space tidy and organized.
Comfort and Amenities
- Provide comfortable, durable towels and basic toiletries. Ensure there are power sockets near mirrors for hair dryers and straighteners. Include essentials like a coffee maker, microwave, and basic cookware in the kitchen.
Safety and Accessibility
- Mount TVs and large mirrors securely to the wall. Consider making your Airbnb accessible to guests with disabilities by adding features like ramps and grab bars in bathrooms.
Aesthetic Consistency
- Stick to a theme or aesthetic that is timeless and cohesive. Use consistent colors and styles to create a hotel-like feel, especially with items like bedding and towels.
Vertical Space Utilization
- Make the most of vertical wall space with leaning, floating, or doorframe-mounted shelves to add storage without cluttering the floor.
Final Touches
- Add plants and decorative items sparingly to liven up the space. Ensure there is high-speed internet and consider a Wi-Fi booster for larger properties.
Discovering Camden, Delaware: Local Attractions and Insider Tips
Local Attractions
1. Brecknock County Park
- Located just off US Route 13, this 90-acre park offers a playground, covered seating areas, and the Dunbar trail for hiking and dog walking.
- Open year-round and free to enjoy.
2. First State Heritage Park
- An urban park blending seamlessly into the surrounding area, providing access to historic, cultural, and natural attractions.
- Ideal for history lovers who prefer outdoor experiences.
3. Dover
- A great day trip destination with attractions like the Dover racetrack, gaming, and historical buildings.
- Special events and open houses on the first Saturday of each month.
4. John Dickinson Plantation
- Located in Dover, this historic site was the residence and farm of John Dickinson, a key figure in American history.
- Offers self-guided and professionally guided tours with period-accurate staff.
5. Killens Pond State Park
- Features a 70-acre millpond, offering activities like kayaking, picnicking, swimming, and fishing.
- Popular for camping and bird watching.
6. Camden Historic District
- Explore the town's historic properties, including the Camden Friends Meetinghouse, Star Hill AME Church, and Zion African Methodist Episcopal Church.
- Listed on the National Register of Historic Places.
Insider Tips
Transportation
- Use U.S. Route 13 for north-south travel and Delaware Route 10 for east-west travel.
- DART First State provides bus services connecting Camden to Dover and other local areas.
Dining and Shopping
- Visit local eateries and shops in the charming towns of central Delaware.
- Enjoy seafood and waterfront dining at nearby locations like JP's on the beach.
Events and Activities
- Check out the special programs and events in Dover's municipal parks on the first Saturday of each month.
- Participate in local festivals, live entertainment, and seasonal celebrations.
Outdoor Activities
- Take advantage of the scenic countryside and waterways for biking, paddling, and bird watching.
- Explore the Amish countryside for a unique cultural experience.
Local Knowledge
- Camden is part of the Caesar Rodney School District, and the town has a rich history dating back to its establishment as Mifflin's Crossroads in 1783.
- Learn about notable residents and their contributions to American history.
By sharing these local attractions and insider tips, you can enhance your guests' experience and help them make the most of their visit to Camden, Delaware.
Practical Tips to Run a Successful Short-Term Rental Business in Camden, Delaware
To ensure a smooth and enjoyable experience for both you and your guests, here are some practical tips for running a successful short-term rental business in Camden, Delaware.
Noise Regulations and Quiet Hours
Inform your guests about noise regulations and quiet hours to maintain a peaceful environment for both your guests and the neighbors. Include this information in your listing and house manual to set clear expectations.
Creating a Comprehensive House Manual
Develop a detailed digital and physical house manual that includes essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should also cover house rules, including noise regulations, to ensure guests are well-informed.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide clear instructions on how to use the smart locks and include photos to help guests navigate the property. Additionally, offer detailed parking instructions with photos to avoid any confusion.
By implementing these strategies, you can enhance guest satisfaction, reduce potential issues, and maintain a positive reputation for your short-term rental business in Camden, Delaware.
Here is a brief list of house cleaning providers in Camden, Delaware:
House Cleaning Services in Camden, DE
Care.com
- Offers a list of affordable house cleaning options starting at $16.00/hr.
- Allows searching by rates, reviews, experience, and more.
Angie's List
- Provides a list of the top 10 best house cleaners in Camden, DE.
- Includes real reviews and ratings to help choose the right service.
If you are looking for specific individuals, Care.com also lists:- Cleaning Ladies: A selection of 60 affordable cleaning ladies in Camden Wyoming, DE, starting at $16.00/hr.
Short-Term Rental Management Fees in Camden, Delaware: A Guide to Costs and Services
In Camden, Delaware, short-term rental management fees typically range from 10% to 30% of the rental revenue, varying significantly based 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 ranging from 20% to 30% of the monthly rental income. In contrast, basic services may incur lower fees, usually around 10% to 15%. Additionally, property owners may need to consider extra fees for services like cleaning, repairs, or property design, which can add to the overall cost but ensure the property remains well-maintained and attractive to guests.