Airbnb & VRBO Performance in Eugene Oregon.

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Eugene, Oregon: Airbnb & VRBO Vacation Rental Market Overview

Despite some challenges, Eugene, Oregon's short-term rental market is showing signs of stabilization and growth, with average daily rates remaining consistent and occupancy rates pacing ahead of last year in the late fall season.

Market overview

Thriving Short-Term Rentals in Eugene, Oregon: A Positive Outlook

Eugene, Oregon, is experiencing a robust short-term rental market, despite some national trends indicating a decline. Locally, short-term rentals are maintaining strong performance metrics. According to recent data, these rentals in Eugene achieve an average occupancy rate of 53%, which is a healthy indicator of demand.

The average daily rate for short-term rentals in Eugene stands at $261, contributing to a substantial monthly revenue of $19,139. This stability in rates and occupancy highlights the resilience and appeal of Eugene's short-term rental market, particularly as the city prepares for events like the University sports and other local attractions. The city's regulatory framework, including the annual registration requirement and the 4.5% transient room tax, helps ensure a balanced and sustainable environment for both hosts and guests.

Short Term Regulations

Short-Term Rental Regulations in Eugene, Oregon for 2024

Registration Requirements

  • All short-term rentals (STRs) must be registered with the City of Eugene annually. There is no registration fee, and the process can be completed online.
  • Registrants must provide the street address of the short-term rental, a local contact name and phone number, and indicate whether the STR is owner-occupied. This information must be kept up to date and renewed annually.

Guest Stay Limits

  • Guest stays cannot exceed 30 consecutive nights.

Occupancy Limits

  • Each STR can house up to 5 unrelated guests or a single family of any size at a time. If both groups are present, the maximum number of guests allowed is 5.

Services Required

  • Properties must provide bathroom and garbage services.

Transient Room Tax

  • All STRs are required to collect and remit a 4.5% Transient Room Tax to the city for each rental. This tax helps fund Eugene’s Cultural Services programs and supports tourism and visitor programs.

Compliance and Enforcement

  • Eugene strictly enforces STR rules through the mandatory registration requirement and tax compliance. The city ensures that all registration information is accurate and up to date, and it enforces these regulations to maintain community livability and safety.

Additional Restrictions

  • Overnight camping on residential property in a vehicle, camper, or trailer is allowed in the driveway of a single-family dwelling, but it cannot be used as a short-term rental and no payment can be accepted for such camping.
Neighborhood Performance

Top Neighborhoods for Airbnb Revenue in Eugene, Oregon

While specific neighborhood-level data for Eugene, Oregon, is not as detailed as for other cities like Portland, we can infer some of the most appealing areas based on general trends and nearby attractions. Here are some of the top areas that are likely to generate significant Airbnb revenue:

1. Downtown Eugene

  • Appeal: Central location, proximity to the University of Oregon, Hult Center for the Performing Arts, and the 5th Street Market.
  • Revenue Potential: High demand due to its central location and amenities, making it an attractive spot for both business travelers and tourists.

2. University of Oregon Area

  • Appeal: Close to the university campus, making it ideal for parents visiting students, alumni, and sports fans.
  • Revenue Potential: Consistent demand throughout the year, especially during sports events and academic seasons.

3. South University Neighborhood

  • Appeal: Known for its family-friendly environment, parks, and easy access to the university.
  • Revenue Potential: Attracts families and long-term visitors who prefer a quieter, more residential area.

4. Whiteaker Neighborhood

  • Appeal: Artsy vibe, craft breweries, and a variety of restaurants.
  • Revenue Potential: Popular among younger travelers and those looking for a vibrant, local experience.

5. Fern Ridge Area

  • Appeal: Scenic views, outdoor recreational opportunities, and a more suburban feel.
  • Revenue Potential: Attracts families and nature lovers looking for a peaceful stay with easy access to outdoor activities.

Why These Neighborhoods Are Appealing

  • High Occupancy Rates: Eugene-Springfield has a median occupancy rate of 58%, indicating strong demand for short-term rentals.
  • Proximity to Attractions: Areas close to the University of Oregon, downtown amenities, and outdoor recreational spots tend to attract more guests.
  • Local Culture and Amenities: Neighborhoods with a unique local culture, such as the Whiteaker Neighborhood, are often preferred by travelers seeking an authentic experience.
  • Regulatory Environment: Eugene-Springfield has lenient regulations, making it easier for hosts to operate Airbnb properties.

These factors contribute to the appeal and revenue potential of these neighborhoods for Airbnb hosts in Eugene, Oregon.

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Design Tips

Creating an Inviting Airbnb in Eugene, Oregon: Design and Furnishing Tips

To make your Airbnb in Eugene, Oregon, a welcoming and unique space that reflects the city's style, consider the following tips:

Emphasize Natural Lighting and Open Spaces

  • Opt for open floor plans and abundant natural lighting to create a bright and airy atmosphere, as seen in properties like "The Joule" and "Lucky 13 Studio".

Incorporate Local Touches

  • Add local touches such as original art, which is a favorite among guests in Eugene. This helps create a personalized and authentic experience.

Use Comfortable and Quality Amenities

  • Ensure the space is well-appointed with comfortable beds, quality linens, and fully equipped kitchens. For example, the "Woodsy and quiet South Eugene Garden Loft" features a queen-size cabinet bed with a comfortable memory foam mattress.

Highlight Outdoor Spaces

  • Provide inviting outdoor spaces, such as private decks or patios, which are highly valued by guests. The "Brand new, adorable, private studio with hot tub" is a great example of this.

Maintain a Clean and Clutter-Free Environment

  • Keep the space spotless and clutter-free to ensure a welcoming vibe. Cleanliness is a top priority for guests in Eugene.

Choose Appropriate Decor Styles

  • Opt for decor styles that blend modern luxury with natural beauty, such as contemporary, rustic, or bohemian designs. Neutral tones complemented by natural textures can enhance the aesthetic appeal.

Add Mirrors and Reflective Elements

  • Use mirrors and other reflective elements to make the space feel larger and more inviting.

Provide Necessary Amenities

  • Ensure the space includes essential amenities such as WiFi, TV, washer/dryer, and convenient access to bathroom and garbage services. These are crucial for a comfortable stay.

Consider Pet-Friendly Features

  • Since many guests travel with pets, consider making your space pet-friendly, as seen in the "Spacious Guesthouse, newly renovated!" which welcomes small pets by prior arrangement.

Enhance with Local Materials and Views

  • If possible, incorporate local materials and ensure the space offers nice open views or proximity to scenic hiking trails, enhancing the natural beauty of the area.

By following these tips, you can create an Airbnb in Eugene that is both inviting and reflective of the city's unique style and natural charm.

Insider Tips

Discover Eugene, Oregon: Local Attractions and Insider Tips

Local Attractions

Outdoor Adventures

  • Alton Baker Park: Explore the city's largest park, featuring the Whilamut Natural Area, bike trails, and the Willamette River. Don't miss Pre's Trail, a popular running route.
  • Mount Pisgah Arboretum: A beautiful spot for hiking and nature walks with stunning views.
  • Willamette River Bike Trail: Paved paths and bike bridges connecting trails on both sides of the river.
  • Oregon Coast: Visit attractions like Devil’s Churn, Thor’s Well, and Cape Perpetua Lookout for a day trip filled with tide pools, wildflowers, and scenic views.

Cultural and Historical Sites

  • Hult Center for the Performing Arts: Enjoy a variety of performances, from jazz to opera, and explore the art installations throughout the building.
  • Jordan Schnitzer Museum of Art: A must-visit for art enthusiasts, featuring a diverse collection of art.
  • Lane County Historical Museum: Learn about the history of Lane County, the Oregon Trail, and local pioneers.
  • Shelton-McMurphey-Johnson House: A historic house offering insights into Eugene's past.

Family-Friendly Activities

  • Eugene Science Center: Interactive exhibits, a planetarium, and science-themed events perfect for families.
  • Cascades Raptor Center: Get up close to birds of prey and learn about conservation efforts.
  • Owen Rose Garden: A peaceful park with over 4,000 roses, ideal for picnics and walks.

Markets and Shopping

  • 5th Street Public Market: A vibrant market with local restaurants, shops, wineries, and breweries.
  • Lane County Farmers Market: Fresh produce and local products available on Saturdays, Tuesdays, and the third Thursday of every month.
  • Eugene Saturday Market: Local artisan wares and unique gifts every Saturday.

Food and Drink Trails

  • Eugene Ale Trail: Discover the region's best breweries and craft beer, including Ninkasi Brewing Company and McMenamins.
  • South Willamette Wine Trail: Explore urban tasting rooms and rolling wine country hills, featuring unique wineries and vineyards.

Insider Tips

Downtown Exploration

  • 20X21 Mural Project: Take a self-guided walking tour to see the vibrant murals around downtown Eugene.
  • Off The Waffle: Create your own breakfast combination at this local favorite.
  • Provisions Market: Grab food for an outdoor picnic or enjoy the market's offerings.

Hidden Gems

  • Springfield: Visit the lesser-known town across the Willamette River for quirky shops, Simpsons murals, and a unique shopping experience.
  • Magpie Coffee Shop: A great spot within the 5th Street Public Market for coffee and atmosphere.

Seasonal Activities

  • TrackTown USA: Experience the running capital of the world, especially during track events and festivals.
  • Night Market: Visit the Lane County Farmers Market on the third Thursday of every month for a unique evening shopping experience.

Local Events

  • Saturday Market: Every Saturday from 10 AM – 4 PM, find local artisan wares and unique gifts.
  • Hult Center for the Performing Arts: Check the schedule for evening performances and cultural events.

By sharing these attractions and insider tips, you can help your Airbnb guests make the most of their visit to Eugene, Oregon.

Practical Tips

Practical Tips to Run a Successful Short Term Rental Business in Eugene, Oregon

To ensure a smooth and successful short-term rental business in Eugene, Oregon, several practical tips can be implemented. First, it is crucial to adhere to noise regulations by informing guests about quiet hours through clear communication in both digital and physical house manuals. These manuals should also include essential instructions, Wi-Fi passwords, and other pertinent information to make the guest's stay convenient.

A simplified check-in process can be achieved by utilizing smart locks, eliminating the need for physical key exchanges and reducing the likelihood of lost keys. Additionally, provide detailed parking instructions accompanied by photos to avoid any confusion and ensure guests can park their vehicles easily.

By maintaining a considerate approach to neighbors, as emphasized by Eugene's regulations, and ensuring all necessary registration and Transient Lodging Tax requirements are met, you can foster a positive and compliant rental environment. This attention to detail will enhance guest satisfaction, leading to positive reviews and higher occupancy rates.

Local Vendors

Here is a brief list of house cleaning providers in Eugene, Oregon:

House Cleaning Services in Eugene, Oregon

Broomstick of Eugene

  • A local, family-owned business since 1995, offering flexible schedules and payment options for residential, business, real estate, and construction clients. Known for their attention to detail and client satisfaction.

Rose Petal Housekeeping

  • Providing housekeeping services in the Eugene/Springfield area since 1979. They are local and family-operated, with carefully screened, fully bonded, and insured staff.

Merry Maids of Eugene

  • With 40 years of experience, Merry Maids offers comprehensive cleaning services to restore balance to your life. They handle various housekeeping tasks with meticulous cleaning processes.

Tidy Gnomes

  • Although primarily based in Portland, Tidy Gnomes also serve the Eugene area. They offer detailed and compassionate house cleaning services, focusing on building strong community relationships.

These services cater to various needs, including regular scheduled cleanings, single service residential cleans, and custom services for real estate and property management professionals.

Management fees

Short-Term Rental Management Fees in Eugene, Oregon: A Range of Services and Costs

In Eugene, Oregon, the management fees for 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. These services often include handling all aspects of the rental, from advertising and booking to managing guest inquiries and coordinating repairs, which justifies the higher fee.

On the other hand, basic services that may only cover essential tasks like rent collection and minimal maintenance can be less expensive. Additionally, property owners may incur extra fees for specific services such as cleaning, repairs, or design enhancements. These additional costs can add up, but they are often necessary to maintain the quality and attractiveness of the rental property. Understanding these fee structures is crucial for property owners to manage their short-term rentals effectively and ensure they are generating optimal revenue.

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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 Eugene 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
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Furnishing checklist

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

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 Oregon