Decatur, Georgia, is experiencing a robust demand for short-term rentals, with high occupancy rates, a strong rental market, and new regulations in place to ensure safety and compliance, making it an attractive and stable investment opportunity.
Thriving Short-Term Rental Market in Decatur, Georgia
Decatur, Georgia, is experiencing a robust and vibrant short-term rental market, driven by strong demand and favorable economic conditions. With an impressive 47% of the housing stock being renter-occupied, Decatur sees a high demand for rental properties, particularly among younger adults and middle-aged individuals.
The city's low unemployment rate of 2.9% and soaring home prices have shifted many prospective homebuyers towards rental options, further boosting the demand for short-term rentals. While specific average daily rates for short-term rentals in Decatur are not provided, the average price range for these rentals is between $1,378 and $1,747 per month.
The high occupancy rates in Decatur's multifamily housing market, projected to remain close to 96%, indicate a stable and rewarding rental landscape. This strong occupancy, combined with the city's recent establishment of a permitting process and a $125 permit fee for short-term rentals, ensures a well-regulated and safe environment for both owners and renters. Overall, Decatur's short-term rental market presents a promising and stable investment opportunity.
Short-Term Rental Regulations in Decatur, Georgia for 2024
Key Requirements
Licensing and Permits
- Prior to using a property as a short-term rental, the owner must obtain a short-term rental permit.
- A $125 permit fee has been established for short-term rentals by the Decatur City Commission.
Registration
- Owners must list all relevant details on the short-term rental permit.
Compliance
- The permit must be obtained before the property can be used for short-term rentals.
Fees
- An annual permit fee of $125 is required for short-term rentals.
Additional Considerations
- While specific tax regulations are not detailed for Decatur, it is important to note that neighboring jurisdictions like DeKalb County have implemented an 8% excise tax on short-term rental income, which may influence future regulations in Decatur.
Enforcement and Administration
- The Decatur City Commission and relevant city departments will oversee the implementation and enforcement of these regulations.
Community Feedback and Updates
- Regulations may be subject to change based on community feedback and updates from the city commission.
Top Airbnb Neighborhoods in Decatur, Georgia: Revenue and Appeal
Decatur City Center
- Average Annual Revenue: $29,247
- Average Daily Rate (ADR): $116
- Occupancy Rate: 73%
- Appeal: Decatur's city center is highly appealing due to its blend of cultural attractions, efficient transportation system, and a vibrant downtown area. Guests are drawn to the city's rich cultural scene, including various restaurants, shops, and community events. The high occupancy rate and consistent demand make it an attractive location for Airbnb hosts.
Oakhurst
While specific metrics for Oakhurst are not provided, it is often included in broader discussions of Decatur due to its charm and amenities.- Appeal: Oakhurst is known for its historic homes, tree-lined streets, and a strong sense of community. The neighborhood features a popular farmers' market, local eateries, and easy access to Decatur’s downtown area, making it a desirable location for guests seeking a mix of tranquility and urban amenities.
Winnona Park
Similar to Oakhurst, Winnona Park's specific Airbnb metrics are not detailed, but its appeal can be inferred from its characteristics.- Appeal: Winnona Park is another historic neighborhood in Decatur, offering a blend of old-world charm and modern conveniences. Guests are attracted to its beautiful parks, historic homes, and the proximity to Decatur Square, which provides easy access to dining, shopping, and cultural activities.
Clairemont/Great Lakes
This area, while not separately detailed in the sources, is part of the broader Decatur area and shares many of its appealing features.- Appeal: The Clairemont/Great Lakes area benefits from its proximity to Emory University and the Centers for Disease Control and Prevention (CDC), making it a convenient option for academic and professional visitors. The neighborhood also offers a mix of residential tranquility and access to Decatur’s vibrant downtown.
These neighborhoods in Decatur, Georgia, are highly appealing to guests due to their unique blend of cultural richness, historical significance, and modern amenities, making them lucrative options for Airbnb hosts.
Furnishing and Design Tips for an Inviting Airbnb in Decatur, Georgia
Understanding Decatur's Unique Style
- Incorporate a blend of modern and vintage elements, reflecting Decatur's eclectic and charming atmosphere.
- Use bright, airy designs that highlight natural light, often seen in Decatur's homes and apartments.
Choosing the Right Furniture
Bedroom
- Opt for a solid, easy-to-clean bed with a mattress at least 8 inches thick. Consider memory foam mattresses for durability.
- Use a storage bed for extra space to stash laundry and linens.
- Include a full-length mirror and ensure there is a power socket nearby for hair dryers and straighteners.
Living Room
- Select a sofa that is durable, easy to clean, and preferably with washable covers. A sofa bed can increase guest capacity.
- Add accent chairs for additional seating without taking up too much space. These can be easily swapped to refresh the look.
Dining Room
- Choose a sturdy and resistant dining table that can be dressed up with tablecloths, runners, and decorative items.
- Use comfy, lightweight chairs that are easy to move around and can bear varying weights.
Smart Storage and Layout
- Measure your rooms to determine the best layout, ensuring ample space to move around and avoiding blockage of natural light sources.
- Utilize space-saving furniture such as sofa beds, folding tables, and ottomans with hidden storage compartments.
- Incorporate smart storage solutions like beds with drawers, wall hooks, and stackable containers to keep the space tidy.
Lighting and Ambiance
- Replace harsh overhead lighting with smaller, warmer lights to create a soothing ambiance.
- Use mirrors to reflect natural light and create the illusion of more space.
Decor and Aesthetic
- Hang large pieces of art or use chandeliers to add drama to small spaces.
- Incorporate vertical wall space for efficient storage using leaning, floating, or doorframe-mounted shelves.
- Add plants to liven up the space and create a welcoming atmosphere.
Guest Amenities and Accessibility
- Provide essential amenities like a coffee maker, microwave, toaster, and kettle in the kitchen.
- Ensure the space is accessible to guests with disabilities by including features like ramps, wide doorways, and grab bars in bathrooms.
Seasonal Updates
- Plan furniture updates during the off-season or short gaps between bookings to minimize disruption to guests.
- Consider the wear and tear on furniture and involve your cleaning crew in the selection process to ensure durability.
Consistency and Theme
- Stick to a consistent theme or style throughout the property to create a cohesive look.
- Choose timeless, sturdy pieces that will last and maintain a hotel-like feel with white linens and towels that can be bleached.
Discover Decatur, Georgia: Local Attractions and Insider Tips
Local Attractions
Downtown Decatur
- Explore the pedestrian plaza, anchored by the community bandstand, the Historic DeKalb Courthouse, and the downtown MARTA rail station. This area is a top ten downtown square according to USA TODAY’s 10 Best Readers’ Choice travel awards.
- Visit the iconic setting of HBO’s Watchmen and other filming locations like the Historic Courthouse/DeKalb History Center and Legacy Park.
Art and Culture
- Enjoy the Decatur Artway, a dynamic rotating collection of outdoor sculptures throughout the city.
- Discover public art in unexpected places, including Secret Doors Decatur and murals.
- Visit multiple art galleries, dance studios, and Decatur Glassblowing for exhibits, performances, and demonstrations.
Parks and Greenspaces
- Mason Mill Park: Open daily from 7 a.m. to 11 p.m., featuring two playgrounds and a paved walking path.
- Legacy Park: A popular spot for family outings and filming location for ABC’s The Wonder Years.
Shopping and Dining
- Explore independent shops, including locally-owned bookshops, vinyl stores, and creative spaces for kids.
- Indulge in destination dining and visit homegrown breweries and pubs, which have been at the forefront of the craft microbrewery scene.
Nightlife
- Enjoy live music at Eddie’s Attic, a venue where notable artists like the Indigo Girls, Sugarland, and John Mayer have performed.
- Experience the after-hours scene with comedy shows and hand-crafted cocktails.
Insider Tips
Getting Around
- Decatur is just six miles east of downtown Atlanta and easily accessible via MARTA rail.
Festivals and Events
- Check the local event calendar for various festivals and events happening throughout the year.
Hidden Gems
- Look for public art installations on light poles (#lookupdecatur) and secret doors hidden in nooks and crannies around the city.
Family-Friendly Activities
- Visit the creative spaces filled with toys and art supplies for kids.
- Enjoy family play dates at the parks and playgrounds, such as Mason Mill Park.
Local Favorites
- Tap into the local craft microbrewery scene and visit some of the standout breweries and pubs.
- Support local businesses and enjoy the vibrant, friendly atmosphere of Decatur.
Practical Tips to Run a Successful Short-Term Rental Business in Decatur, Georgia
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 Decatur, Georgia:
Noise Regulations and Quiet Hours
Inform your guests about noise regulations and quiet hours to maintain a peaceful environment for neighbors. Include this information in your house manual and provide clear guidelines on acceptable noise levels, especially during late hours.
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 will help guests navigate the property easily and reduce the need for frequent inquiries.
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 use the smart locks and ensure they have all necessary access codes before their arrival.
Clear Parking Instructions
Include parking instructions with photos in your house manual to help guests understand where and how to park their vehicles. This can prevent confusion and potential parking issues, especially if the property has specific parking rules or limited spaces.
By implementing these tips, you can enhance the guest experience, reduce potential issues, and maintain a positive reputation for your short-term rental business in Decatur, Georgia.
Here is a brief list of house cleaning providers in Decatur, Georgia:
House Cleaning Services in Decatur, GA
The Cleaning Authority - Decatur
- Offers customizable house cleaning services using eco-friendly products and HEPA vacuums.
- Serves Decatur, Tucker, Redan, Druid Hills, and East Atlanta.
- Fully bonded and insured, with a satisfaction guarantee.
The Moxie Maids
- Provides reliable and customizable maid services, including basic, deep, green cleaning, and specialized cleanings like move-in/out and post-construction.
- Ensures 200% customer satisfaction with a re-clean guarantee within 48 hours.
- Serves the greater Atlanta area, including Decatur and neighboring communities.
Molly Maid of Decatur
- Offers customized cleaning plans with no contracts and a 24-hour warranty.
- Utilizes effective cleaning techniques and tools to meet unique needs and preferences.
- Part of the Neighborly Done Right Promise® guarantee.
Additional Resources
For more options, you can also refer to the following resources:
Care.com
- Lists 61 affordable house cleaning services in Decatur, GA, with average rates starting at $18.85/hr.
Angi
- Provides reviews and ratings for top house cleaners in Decatur, GA, along with tips for hiring and pricing information.
Short-Term Rental Management Fees in Decatur, Georgia: A Range of 10%-30%
In Decatur, Georgia, 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 ranging between 20% to 30% of the rental income.
On the other hand, basic services or a la carte options, which might only include specific tasks like listing management or guest screening, can be more affordable, starting at around 10% per booking.
Additionally, property owners may incur extra fees for services such as cleaning, repairs, and interior design, which can further impact the overall cost of management. Choosing the right management package is crucial to balance the level of service needed with the associated costs.