Airbnb & VRBO Performance in Davenport Iowa.

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Davenport, Iowa: Airbnb & VRBO Vacation Rental Market Overview

The short-term rental market in Davenport, Iowa, is performing well, with a median occupancy rate of 62%, an average daily rate of $95, and an average annual host income of $21,000, indicating a stable and profitable investment opportunity.

Market overview

Thriving Short-Term Rental Market in Davenport, Iowa

Davenport, Iowa, is experiencing a robust and profitable short-term rental market. With a median occupancy rate of 62%, short-term rentals in Davenport are in high demand, indicating a stable and lucrative investment opportunity. The average daily rate for these rentals stands at $95, contributing to an annual revenue of approximately $21,000 for typical hosts. This strong performance is further bolstered by lenient local regulations, making it an attractive location for both investors and travelers. The peak month of July highlights the seasonal appeal of Davenport, underscoring its potential for consistent and profitable short-term rentals.

Short Term Regulations

Short-Term Rental Regulations in Davenport, Iowa for 2024

Licensing and Registration

  • All rental properties in Davenport must be licensed, with the cost of the license ranging from $30 to $60 per year based on the property's inspection cycle.
  • Failure to register a rental property can result in a $500 fine, citation, and placement on an annual inspection cycle.

Inspection and Maintenance

  • Properties must undergo regular inspections, with additional inspection fees charged based on the property's inspection cycle and findings.
  • Property owners must maintain the property according to the city's property maintenance code and public health and safety standards to avoid penalties and fines.

Contact Information and Management

  • Property owners must provide contact information for both the owner and local property manager.

Tax Requirements

  • Short-term rental operators must register with the Iowa Department of Revenue to collect and remit state and local taxes, including a 5% state hotel tax and any additional local taxes.

Health and Safety Standards

  • Rental properties must comply with various health, fire, and safety regulations, including having functional fire extinguishers and smoke detectors.

Zoning and Use Restrictions

  • Properties must comply with local zoning laws, which may restrict short-term rentals to specific areas or impose other use restrictions.

Occupancy and Group Limitations

  • While Iowa state laws do not strictly limit occupancy, local ordinances may impose specific rules; for example, ensuring at least one adult aged 21 or older is present and limiting the rental to a single party of individuals.

Renewal of Permits

  • Rental licenses must be renewed annually, which may involve a fee.

Additional Requirements

  • Property owners may need to complete Davenport's Landlord Education Program to ensure compliance with local regulations.
  • No retail sales are permitted in short-term rentals except for ancillary items like souvenirs or snack items, and meals can only be served to registered guests and at private events if applicable.

Enforcement

  • The city strictly enforces short-term rental rules, with penalties for non-compliance, including fines and citations.
Neighborhood Performance

Top Neighborhoods for Airbnb Revenue in Davenport, Iowa

1. Village of East Davenport

  • Appeal: This historic neighborhood is highly rated for its central location, walking distance to numerous restaurants, bars, shops, and the vibrant East Village scene. Guests appreciate the proximity to downtown Davenport, bike trails, and the Mississippi River.
  • Popular Listings: Include the "Nostalgic 3 bedroom/2bth Mississippi River Charmer" and the "Cheerful 3 Bed house in Village of East Davenport", both of which are praised for their location and amenities.

2. McClellan Park Neighborhood

  • Appeal: Known for its historic charm and quiet, safe environment, this neighborhood is a favorite among guests. It offers a secluded setting surrounded by trees and wildlife, with views of the river and easy access to local amenities like Lindsey Park playground and the water taxi on the river.
  • Popular Listings: The "Davenport East Village Retreat-McClellan Heights" is a standout, offering a 1920 stately home with river views and a peaceful atmosphere.

3. Parkwood Drive Cul-de-sac

  • Appeal: This area is appealing due to its pristine Mid-Century homes, great location close to the Village of East Davenport, and easy access to I-74 and two bike trails. The homes here are clean, comfortable, and equipped with modern amenities.
  • Popular Listings: The "MCM on Parkwood Drive" is highly rated for its cleanliness, comfort, and convenient location.

4. Downtown Davenport

  • Appeal: Guests are drawn to the central location, which provides easy access to downtown Davenport’s restaurants, breweries, and historic sites. The proximity to the Mississippi River and the bike path that spans the Quad Cities is also a significant draw.
  • Popular Listings: Include the "Nostalgic 3 bedroom/2bth Mississippi River Charmer", which offers a charming home with river views and a short walk to downtown amenities.

5. Historic McClellan Heights

  • Appeal: This neighborhood is favored for its historic homes, quiet and safe environment, and scenic views. Guests enjoy the walking distance to bars, restaurants, shops, and other local attractions.
  • Popular Listings: The "Davenport East Village Retreat-McClellan Heights" highlights the charm and tranquility of this neighborhood.

These neighborhoods are highly appealing due to their combination of historic charm, central locations, and easy access to various amenities and attractions in Davenport.

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Design Tips

Creating an Inviting Airbnb in Davenport, Iowa: Tips for Furnishing and Design

To make your Airbnb in Davenport, Iowa, a standout reflection of the city's unique style, consider the following tips:

Embrace Local History and Culture

  • Incorporate elements that reflect Davenport's rich history, such as vintage items or decor inspired by the city's Native American heritage and its role in the Mississippi River's development.

Vintage and Bohemian Touches

  • Add a mix of vintage and bohemian elements, similar to those found in local boutiques like Trash Can Annie and The Wind Dancer Boutique. This can include hand-beaded shawls, tie-dyed fabrics, and eclectic accessories.

Musical Influence

  • Davenport's vibrant music scene can be a great inspiration. Incorporate musical elements such as vinyl records, vintage musical instruments, or decor that resonates with the local music culture.

Nature-Inspired Designs

  • Reflect the natural beauty of the Quad Cities by incorporating elements inspired by nature, such as handmade jewelry and clothing with natural motifs, and comfortable, flowy textiles.

Unique Accessories

  • Use unique and quirky accessories that blend colorful, unexpected prints with vintage silhouettes. This can include stylish jewelry with fandom and pop culture references to add a touch of personality to the space.

Functional and Welcoming Spaces

  • Ensure the space is both functional and welcoming. Pay attention to details that enhance wellness and comfort, such as cozy textiles, well-lit areas, and practical furniture arrangements.

Local Art and Crafts

  • Decorate the space with local art and handmade crafts to give it a genuine Davenport feel. Consider pieces from local artists or unique items available through local markets or online platforms like Etsy.

Personalized Styling

  • Offer personalized styling options for guests, such as customizable decor or the ability to request specific themes or styles, much like local stylists do for performers in the area.

By incorporating these elements, you can create an Airbnb that not only reflects Davenport's unique style but also provides an inviting and memorable experience for your guests.

Insider Tips

Discover Davenport, Iowa: Local Attractions and Insider Tips

Arts & Culture

  • Figge Art Museum: A premier art exhibition and education facility featuring national and international art from the 15th century to the present. Admission is free on Thursdays from 5-9 PM.
  • German American Heritage Center & Museum: Chronicles and preserves the history of German Americans in the Midwest, offering historic and architectural walking tours of Davenport.
  • Bix Beiderbecke Museum and Archives: A must-visit for jazz and history enthusiasts.

Entertainment & Music

  • Adler Theatre: Hosts Broadway shows, concerts, and performances by the Quad City Symphony Orchestra.
  • Raccoon Motel and Redstone Room: Local favorites for live music and concerts.
  • Mockingbird on Main: A creator-driven arts incubator for performing arts fans.

Outdoor Activities

  • Mississippi River Trail (MRT): Offers breathtaking riverfront vistas perfect for biking, running, or a leisurely stroll.
  • Centennial Park: Features a dog park, fishing area, spray ground, and skateboard park.
  • River Heritage Park: Known for its gazebo and stunning views of the Mississippi River, also a docking point for national cruise lines.

Family-Friendly Activities

  • Modern Woodmen Park: Home to the Quad Cities River Bandits baseball team, ranked as one of the top minor-league ballparks in the U.S..
  • Freight House Farmers' Market: A year-round market with over 200 farmers, bakers, and artisanal food producers.
  • Davenport Skybridge: A popular spot for river views and great photo opportunities.

Neighborhoods to Explore

  • Downtown Davenport: Eclectic, alive, and active with diverse restaurants, pubs, unique shops, and entertainment options. Popular with young professionals and explorers.
  • Village of East Davenport: A historic shopping and entertainment district with boutiques, restaurants, and pubs.
  • McClellan Heights: A beautiful residential area known for its varied architectural styles and scenic drives.

Insider Tips

  • Alternating Currents and Mississippi Valley Blues Festival: Don’t miss these annual music festivals for a vibrant live music experience.
  • Icestravaganza and German Fest: Enjoy these unique annual events that add to the city’s festive atmosphere.
  • Local Eats: Try a Man-Fashioned at CRU, a Spicy Pina pizza from Lopiez, and explore the East Village for more food, drinks, and shopping.
  • River Cruises: Take a cruise on the Celebration Belle or Twilight Riverboat for a scenic view of the Mississippi River.

Additional Attractions

  • Rhythm City Casino Resort: Offers sports betting, live entertainment, a hotel, dining options, and a spa.
  • Vander Veer Botanical Park: A 33-acre park perfect for a stroll, featuring seasonal exhibits like the Chrysanthemum Festival and Poinsettia Lights Display. Admission is free.
  • Channel Cat Water Taxis: Get an up-close view of the river with these water taxis.
Practical Tips

Practical Tips to Run a Successful Short Term Rental Business in Davenport, Iowa

To ensure a smooth and successful short-term rental business in Davenport, Iowa, several practical tips can be implemented:

Noise Regulations and Guest Communication

Inform your guests about quiet hours and noise regulations to maintain a respectful environment for neighbors. Include this information in your digital and physical house manual to avoid any misunderstandings.

Comprehensive House Manual

Create a detailed digital and physical house manual that includes essential instructions, Wi-Fi passwords, and other important details. This manual should be easily accessible to guests, either through a welcome packet or a digital link provided upon check-in.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. This not only enhances guest convenience but also reduces the risk of lost keys.

Clear Parking Instructions

Provide clear parking instructions, accompanied by photos, to help guests navigate parking options easily. This can include designated parking spots, nearby parking facilities, and any specific parking regulations in the area.

By adhering to these tips, you can enhance the guest experience, reduce potential issues, and ensure compliance with local regulations, such as those related to noise and property maintenance in Davenport, Iowa.

Local Vendors

Here is a brief list of house cleaning, repair, and maintenance providers in Davenport, Iowa:

House Cleaning Services

Molly Maid of the Quad Cities

  • Offers customized cleaning plans, home and commercial cleaning, move-out cleaning, and recurring cleaning services. No contracts and a 24-hour warranty.

QC Focus Clean

  • Provides maid services, deep cleaning, junk removal, and simple house cleaning. Also offers services for office cleaning, lawn care, and disaster restoration such as fire, water, and flood damage.

Various Local Services Listed on Care.com

  • Includes 21 different house cleaning services in Davenport, IA, with rates starting at $17.38/hr and an average experience of 1 year.

Repair and Maintenance Services

QC Focus Clean

  • In addition to cleaning, offers comprehensive fire, water, flood damage, and mold services to restore properties.

Pro Outdoor Maintenance (associated with QC Focus Clean)

  • Provides full-service lawn care and outdoor maintenance. Licensed, bonded, and insured.

For more detailed listings and reviews, you can also refer to platforms like Thumbtack and Angi, which list multiple house cleaning services in the Davenport area.

Management fees

Short-Term Rental Management Fees in Davenport, Iowa: A Breakdown of Costs and Services

In Davenport, Iowa, managing short-term rentals such as those listed on Airbnb or VRBO involves a range of fees that can vary significantly based on the level of service required. Full-service management, which includes comprehensive tasks like guest communication, marketing, and maintenance, typically ranges from 20% to 30% of the rental revenue. This higher end of the spectrum often includes services such as periodic property inspections, tenant screening, and handling of routine maintenance requests.

For those seeking more basic services, the fees can be lower, often starting around 10% of the rental revenue. However, additional fees may apply for specific services like cleaning, repairs, or design enhancements. For instance, some management companies may charge a consumables fee for items like linens and toiletries, or separate fees for eviction protection and rental protection plans.

Understanding these fee structures is crucial for property owners to ensure they are compliant with local regulations and to maximize their rental income while maintaining the quality and safety of their properties.

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Why choose RedAwning

RedAwning is a tech leader in full-service short-term rental management, powered by our exclusive, unmatched tools.
Other property managers
Cost
Starting at 10%
25-40%
Guest communications
5-15 mins / 24 hours a day
1 hour+
Host communications
Dedicated phone and text line with no time on hold
Chat bots, hold lines and email threads
Insurance
Robust liability and dwelling coverage for every reservation
Spotty coverage with low claim approval rates
Contract
No cancellation fees
No contract lock-in
Just 90 days notice to cancel
Cancellation penalties
Number of Channels Your Listing is On
50+
2-4

Experience in numbers

Rest well knowing your property is managed by an experienced team powered by world-class technology.
+10-30%
in gross revenue
4.8 stars
guest rating
14+ years
managing STRs

Short Term Rental Calculator

Find out how much your property in Davenport should generate as a short term rental and look at the performance of properties around yours.

35,000+ Properties
Hosts stay with RedAwning
1,000,000,00 Nights Booked
RedAwing knows how to get bookings
50+ Top Booking Channels
More than any other platform available

Furnishing checklist

This comprehensive checklist ensures that your rental is guest-ready with all the essentials to create a comfortable and memorable experience in Davenport.

Living Room
Seating: Sofa, armchairs, and ottomans
Coffee Table
Entertainment: Smart TV (with streaming apps) and remote control
Decor: Area rug, wall art, plants, and throw pillows
Lighting: Floor lamp or table lamps
Charging Stations: Power strips or outlets with USB ports
Bedrooms
Beds: High-quality mattress with mattress protector
Linens: At least two sets of sheets per bed
Pillows: Hypoallergenic pillows (2-4 per bed)
Blankets: Extra throw blankets or quilts
Nightstands: With lamps or charging docks
Closet or Storage: Hangers, dresser, or luggage rack
Blackout Curtains or Shades
Bathrooms
Towels: Bath towels, hand towels, washcloths (2 sets per guest)
Shower Curtain & Liner
Toiletries: Shampoo, conditioner, body wash, hand soap
Bathroom Essentials: Toilet paper, tissues, trash bin
Hairdryer
Mirror: Full-length or wall mirror
Dining Area
Dining Table: Seating for the maximum number of guests
Place Settings: Placemats or tablecloths
Centerpiece: Vase with flowers or decorative piece
Kitchen
Appliances: Refrigerator, microwave, toaster, coffee maker, kettle
Cookware: Pots, pans, baking trays
Utensils: Forks, knives, spoons, spatulas, tongs
Dinnerware: Plates, bowls, glasses, mugs (2 sets per guest)
Cutting Board & Knives
Basic Spices & Condiments: Salt, pepper, oil
Cleaning Supplies: Sponge, dish soap, paper towels, trash bags
Outdoor Space (if applicable)
Seating: Outdoor chairs, benches, or lounges
Table: For outdoor dining or drinks
Lighting: String lights or outdoor lanterns
Grill: With necessary utensils and instructions
Outdoor Trash Bin
Extras to Elevate Guest Experience
Welcome Basket: Snacks, water bottles, or wine
Guidebook: Local recommendations and house rules
Board Games or Books: Entertainment for guests
Umbrella & Flashlight
Iron & Ironing Board
Laundry: Washer, dryer, and detergent (if available)
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⇤ Airbnb Statistics for Iowa