Airbnb & VRBO Performance in Delray Beach Florida.

RedAwning offers vacation rental property management for busy vacation rental owners and Airbnb hosts. Starts at 10% of revenue.
Schedule a call
Call or text 415-941-5206

Delray Beach, Florida: Airbnb & VRBO Vacation Rental Market Overview

Delray Beach, Florida, is thriving as a short-term rental market, boasting a 53% occupancy rate, an average daily rate of $329, and significant revenue potential with a cash on cash return of 6.00%, making it an attractive and lucrative destination for investors and hosts.

Market overview

Thriving Short-Term Rental Market in Delray Beach, Florida

Delray Beach, Florida, is experiencing a robust and lucrative short-term rental market, making it an attractive destination for both travelers and investors. The city boasts an average occupancy rate of 53-55%, with peak occupancy reaching as high as 78% during the winter months, particularly from November to April.

The average daily rate (ADR) for short-term rentals in Delray Beach is impressive, standing at around $329-$339 per night, with maximum daily rates reaching up to $392 in peak months like March. This high demand, driven by the city's stunning beaches, diverse dining scene, and rich cultural offerings, translates into significant revenue potential, with maximum monthly revenues exceeding $6,500 during peak periods. The strong seasonal demand and year-round appeal ensure a stable and profitable environment for Airbnb hosts and investors in Delray Beach.

Short Term Regulations

Short-Term Rental Regulations in Delray Beach, Florida for 2024

Registration and Licensing

  • Business Tax Receipt and Resort Tax Registration: Short-term rental hosts must obtain a local business tax receipt and a resort tax registration certificate.
  • TDT Account Establishment: Hosts must establish a Tourist Development Tax (TDT) account using the Tourist Development Tax portal.

Taxation

  • Tourist Development Tax: Hosts are required to collect and remit a 6% tourist development tax on all bookings, which can be paid monthly or quarterly.

Zoning Requirements

  • Zoning Compliance: Short-term rentals are allowed in specific zones, with stricter regulations in residential zones compared to commercial zones.

Occupancy Limits

  • Maximum Occupancy: No more than three unrelated individuals may occupy a rental unit to prevent overcrowding.

Health and Safety Standards

  • Compliance with Health and Safety: Properties must comply with health and safety standards, including functional smoke detectors, fire extinguishers, and clearly marked emergency exits.

Noise and Nuisance Policies

  • Noise Control: Strict noise control regulations are enforced, with quiet hours typically observed during the night. Hosts must ensure guests adhere to these rules.

Parking Requirements

  • Adequate Parking: Hosts must provide adequate parking for guests, with up to four parking stickers per rental unit. Parking on lawns or unoccupied spaces is prohibited.

Property Maintenance

  • Landlord/Tenant Responsibilities: Landlords must ensure the property has safe electrical systems, sound structural elements, and functional sanitation facilities.

Compliance and Enforcement

  • Fines for Non-Compliance: Fines can range from a few hundred to several thousand dollars for violations, with repeated violations potentially resulting in more severe penalties, including the suspension of the rental license.
  • Annual Renewal of Business Tax Receipt: While Delray Beach no longer requires landlord permits as of October 1, 2023, Palm Beach County requires annual renewal of the Business Tax Receipt (BTR).

Additional Requirements

  • Upload TDT and BTR Numbers to Airbnb: Hosts must add their TDT account number and BTR number to their Airbnb listing to complete the registration process.
  • Property Inspections: Although not universally required, some inspections may be necessary to ensure compliance with local regulations.
Neighborhood Performance

Top Neighborhoods for Airbnb Revenue in Delray Beach, Florida

1. East Delray Beach

  • Appeal: This area is highly appealing due to its proximity to Delray Beach’s famous Atlantic Avenue, which is lined with over 150 restaurants, cozy boutiques, and shops. Properties like CASA SWINTON, a pristine, award-winning cottage, offer guests a luxurious and charming experience just minutes from the beach and the Delray Tennis Center.

2. Lake Ida Area

  • Appeal: The Lake Ida area is sought after for its comfortable and spacious homes, such as the 5-bedroom, 4.5-bath house that offers a relaxing beach feel, an enclosed backyard with a heated pool, and easy access to Delray Public Beach and the world-renowned Delray Tennis stadium.

3. Historic District of Delray Beach

  • Appeal: This neighborhood is popular for its centrally-located, trendy apartments and cottages. Guests can enjoy newly remodeled mid-century modern homes with brand new kitchens and private patios, all within walking distance to Pineapple Grove, Atlantic Avenue, and the beach.

4. Victoria Park

  • Appeal: Victoria Park offers a mix of luxury and convenience, with properties featuring resort-style pools, hot tubs, and fully stocked kitchens. The area is close to the beach and downtown, making it ideal for guests who want to balance relaxation and activity.

5. Downtown Delray Beach (Near Atlantic Avenue)

  • Appeal: This area is a hotspot for guests due to its vibrant atmosphere, with many rentals just steps away from Atlantic Avenue. Properties like the Retro Charm Studio and the Zen Beach House offer a blend of vintage charm, modern amenities, and easy access to upscale bars, diners, and boutique stores.

6. Intracoastal Waterway

  • Appeal: Rentals directly on the Intracoastal waterway, such as the Bamboo Beach House, are highly sought after for their stunning water views, private patios, and the opportunity to observe local manatees and aquatic wildlife. These properties offer a unique and serene experience.

These neighborhoods are particularly appealing due to their combination of luxurious amenities, proximity to key attractions, and the overall charm and character of Delray Beach.

Meet with a revenue advisor
Design Tips

Tips for Furnishing and Designing an Inviting Airbnb in Delray Beach, Florida

Embrace the Coastal and Tropical Aesthetic

  • Incorporate light, airy colors and natural textures such as wicker, rattan, and bamboo to reflect the coastal and tropical atmosphere of Delray Beach.
  • Use tropical patterns and motifs in furniture, rugs, and decor to enhance the beachy vibe.

Highlight Local Charm

  • Incorporate elements that reflect the city's vibrant cultural scene, such as local artwork, eclectic decor, and vintage pieces that evoke the nostalgia of Delray Beach's historic districts.
  • Add decorative items that celebrate the city's love for music, art, and festivals.

Optimize for Comfort and Practicality

  • Ensure the space is well-appointed with comfortable, beachy interior elements like plush couches, oversized pillows, and soft linens.
  • Provide all the essentials for a beach vacation, including beach chairs, towels, umbrellas, and pool floats if applicable.

Utilize Outdoor Spaces

  • If your property has an outdoor area, transform it into a tranquil oasis with tropical landscaping, a pool, tiki hut, or a private patio with BBQ and dining set.
  • Add outdoor furniture that is weather-resistant and comfortable, such as hammocks or lounge chairs.

Incorporate Modern Amenities

  • Equip the kitchen with modern appliances and chef-ready essentials to cater to guests who enjoy cooking.
  • Ensure the property has free WiFi, cable TV, and other modern amenities that enhance the guest experience.

Respect Local Regulations and Safety Standards

  • Comply with Delray Beach's health and safety standards, including functional smoke detectors, fire extinguishers, and clearly marked emergency exits.
  • Adhere to noise control regulations and ensure adequate parking for guests.

Personal Touches and Guest Favorites

  • Add personal touches such as a coffee and tea bar, a welcome basket, or a guide to local attractions and restaurants.
  • Include pet-friendly amenities if applicable, such as dog beds and pet-friendly outdoor spaces.

Maintain a Clean and Well-Maintained Environment

  • Ensure the property is professionally managed and cleaned to maintain high standards of cleanliness and guest satisfaction.
  • Regularly update and refresh the decor to keep the space feeling fresh and inviting.

Leverage the Location

  • Highlight the property's proximity to Atlantic Avenue, the beach, and other local attractions in your decor and guest information.
  • Provide free or convenient transportation options, such as Freebee™ Electric cart rides, to enhance the guest experience.
Insider Tips

Discover Delray Beach: Local Attractions and Insider Tips for Your Guests

Must-See Attractions

1. Wakodahatchee Wetlands

  • Explore a 50-acre park transformed from unused utility land into recreational wetlands. Features a three-quarter mile boardwalk ideal for walking and birding, with over 150 species of birds and other wildlife.

2. Delray Beach Market

  • Every Saturday, visit this outdoor market to find unique local produce, handmade souvenirs, and enjoy live music, local delicacies, and educational events.

3. Morikami Museum and Japanese Gardens

  • Stroll through 16 acres of Japanese gardens, nature trails, and pine forests. Enjoy rotating exhibits, tea ceremonies, and dining at the Cornell Cafe.

4. Old School Square

  • A National Historic Site featuring beautifully-restored early 20th century school buildings. Includes the Cornell Art Museum and the Crest Theatre, a hub for visual and performing arts.

5. Silverball Retro Arcade

  • Play classic and modern pinball machines, video games, and air hockey. Enjoy craft beers, wines, and other refreshments in a fun, nostalgic setting.

Downtown Delights

6. Atlantic Avenue

  • Walk through the pedestrian-friendly downtown area, exploring historic buildings, art galleries, boutiques, and some of the best restaurants in Delray Beach. Consider a guided walking tour to learn more about the local history.

7. Arts Garage and Heart of Delray Gallery

  • Immerse yourself in Delray Beach's thriving arts scene. Arts Garage offers live music, theatre, and dance performances, while the Heart of Delray Gallery features works from local and international artists.

Family and Nature Activities

8. Sandoway Discovery Center

  • An award-winning nature center with shark and stingray feedings, aquariums, and interactive educational exhibits. Perfect for families and nature enthusiasts.

9. Delray Municipal Beach and Parks

  • Enjoy the sandy shores of Delray Municipal Beach or visit other parks like Anchor Park and Atlantic Dunes Park for a relaxing day outdoors.

Entertainment and Nightlife

10. THRōW Social

  • A modern bowling alley with virtual reality gaming, karaoke, classic arcade games, and live music. Ideal for a fun night out with friends or family.

Insider Tips

  • Weekly Events: Check out the Saturday Green Market and the First Friday Art Walk in downtown Delray Beach for a vibrant community experience.
  • Local Dining: Explore the diverse dining scene along Atlantic Avenue, offering everything from gourmet coffee to fine dining.
  • Guided Tours: Consider taking a guided walking tour of downtown Delray Beach to learn more about the area's history and hidden gems.
  • Outdoor Activities: Take advantage of the bike trails and rentals available in Delray Beach for a fun way to explore the area.

By sharing these attractions and tips, your guests will have a comprehensive guide to enjoying the best of Delray Beach.

Practical Tips

Practical Tips to Run a Successful Short-Term Rental Business in Delray Beach, Florida

To ensure a smooth and profitable short-term rental business in Delray Beach, Florida, several practical tips can make a significant difference. Here are some key considerations:

Noise Regulations and Quiet Hours

Inform your guests about the quiet hours and noise regulations in Delray Beach to avoid any potential issues with neighbors. Including a clear section on noise policies in your digital and physical house manual can help set expectations and maintain a peaceful environment.

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 also outline the house rules, including noise regulations, to ensure guests are well-informed and respectful of the property.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide detailed instructions on how to use the smart locks, along with parking instructions accompanied by photos to help guests navigate the property easily.

Additional Tips

  • Ensure compliance with local regulations, such as obtaining a Business Tax Receipt (BTR) and registering for a Tourist Development Tax (TDT) account, and collecting the 6% TDT from guests.
  • Maintain health and safety standards, including functional smoke detectors, fire extinguishers, and clearly marked emergency exits.
  • Consider hiring a professional vacation rental management company to handle day-to-day tasks, ensure compliance with local regulations, and optimize your listing for maximum occupancy.

By implementing these practical tips, you can enhance the guest experience, reduce potential issues, and ensure a successful and profitable short-term rental business in Delray Beach.

Local Vendors

Here is a brief list of house cleaning providers in Delray Beach, Florida:

House Cleaning Providers in Delray Beach, FL

Yorleny’s Cleaning Service

  • Offers detailed sanitization, home disinfection, and various cleaning services including house, apartment, Airbnb, move-in/out, and deep cleaning.
  • Staff is experienced, skilled, insured, bonded, and reference-checked.

My Cleaning Angel

  • Provides customized cleaning plans, including one-time, recurring, move-in/move-out, post-construction, and vacation rental cleaning.
  • Uses eco-friendly cleaning products and offers a 100% satisfaction guarantee.

Royal Maids of Boca Raton & Delray Beach

  • Offers residential and business cleaning services, including spring/fall cleaning and regular home cleaning.
  • Staff is friendly, professional, licensed, bonded, and insured; no contracts required.

Merry Maids of Palm Beach County

  • Although primarily serving Palm Beach County, they also cover areas near Delray Beach.
  • Provides advanced cleaning processes and thorough techniques for home cleaning.

Various Local Cleaners via Care.com

  • Care.com lists multiple local house cleaning services in Delray Beach, with options starting at $21.98/hr and an average experience of 4 years among the listed services.
Management fees

Delray Beach, Florida: Understanding Short-Term Rental Management Fees

In Delray Beach, Florida, short-term rental management fees can vary significantly, typically ranging from 10% to 30% of the rental revenue, depending on the level and scope of services provided. Full-service management companies, such as HeartHomes and GoSummer, which handle comprehensive tasks including guest communication, marketing, pricing optimization, and maintenance, often charge fees on the higher end of this spectrum, usually between 15% to 25% of rental income.

Basic services or more limited management options might incur lower fees, such as the 8% to 10% charged by some companies. Additionally, hosts may encounter extra fees for services like cleaning, repairs, or interior design and staging. Local regulations, including the requirement to collect and remit a 6% tourist development tax, also need to be factored into the overall cost structure. This varied fee structure allows property owners to choose a management service that aligns with their needs and budget.

Meet with an advisor

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 Delray Beach 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 Delray Beach.

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)
Unlock your home’s potential
Schedule a call to learn more about Awning’s Short Term Rental Property Management Service.
Schedule a call

⇤ Airbnb Statistics for Florida