The short-term rental market in Eugene-Springfield, Oregon, is thriving, with an average 53% occupancy rate, a daily rate of $261, and monthly revenue of $19,139, driven by high demand, particularly near the university and downtown areas.
Thriving Short-Term Rental Market in Eugene-Springfield, Oregon
The short-term rental market in Eugene-Springfield, Oregon, is exhibiting robust performance, driven by strong demand and favorable market conditions. According to recent data, short-term rentals in the area are achieving an average occupancy rate of 53%, indicating a high level of guest interest and utilization. The average daily rate for these rentals stands at $261, contributing to a substantial monthly revenue of $19,139. This positive trend is further supported by an increase in active listings over the past year, with a 3% growth in total available listings. The dominance of entire home rentals, which make up 86% of the listings, and the prevalence of essential amenities such as internet, heating, and parking, add to the attractiveness and profitability of the market.
Short-Term Rental Regulations in Eugene, Oregon for 2024
Registration Requirements
- All short-term rentals (STRs) must be registered annually with the City of Eugene. Registration is free and 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.
Guest Stay Limits
- Guest stays cannot exceed 30 consecutive nights.
Occupancy Limits
- Each rental can house up to 5 unrelated guests or a single family of any size at a time. If both groups are present, the maximum is still 5 guests.
Transient Room Tax
- All STRs must collect and remit a 4.5% Transient Room Tax (TRT) on all overnight stays. This tax helps fund Eugene’s Cultural Services programs and supports tourism and visitor programs.
Property Requirements
- Properties must provide bathroom and garbage services.
Annual Renewal
- Registration information must be kept up to date, and the registration must be renewed annually. At the time of renewal, the registrant must update the registration information or affirm that it is accurate.
Compliance and Enforcement
- Eugene strictly enforces short-term rental rules through the mandatory registration requirement and the collection of Transient Room Tax.
Prohibited Uses
- Overnight camping on residential property is allowed but cannot be used as a short-term rental. This includes vehicles, campers, trailers, and "tiny houses" on wheels.
Community Considerations
- Hosts are encouraged to be considerate of their neighbors to maintain community livability and safety.
Top Neighborhoods Generating Airbnb Revenue in Eugene-Springfield, Oregon
1. University of Oregon Area (Friendly Neighborhood, Amazon, and Downtown Eugene)
- These neighborhoods are highly appealing due to their proximity to the University of Oregon, making them ideal for students, parents, and alumni. Guests praise the easy walking distance to campus, coffee shops, restaurants, and local amenities.
2. Whiteaker Neighborhood
- Known for its vibrant and lively atmosphere, the Whiteaker neighborhood is a hotspot for food trucks, restaurants, breweries, and coffee shops. Guests enjoy the bustling environment and the convenience of being close to the University of Oregon and other local attractions.
3. Cal Young and North Gilham Area
- These neighborhoods offer a mix of quiet residential areas and easy access to amenities like the Amazon Pool and local stores. Guests appreciate the peaceful setting and the convenience of being within walking distance to various facilities.
4. Fairmount and College Hill
- Located near the University of Oregon, these neighborhoods provide a blend of academic and residential environments. Guests like the historic charm, the proximity to campus, and the availability of local shops and restaurants.
5. Harlow and South Eugene
- These areas are popular for their central location, making it easy to access both the University of Oregon and downtown Eugene. Guests enjoy the easeful, cozy, and clean spaces available in these neighborhoods, along with their proximity to river bike paths and other outdoor activities.
Why These Neighborhoods Are Appealing:
- Proximity to University of Oregon: Many guests are attracted to the ease of walking to the campus, making these neighborhoods ideal for students, faculty, and visitors.
- Local Amenities: The presence of coffee shops, restaurants, breweries, and food trucks enhances the guest experience.
- Safety and Cleanliness: Guests consistently praise the cleanliness and safety of these neighborhoods.
- Outdoor Activities: Access to river bike paths, parks, and other outdoor facilities is a significant draw.
- Variety of Accommodations: From cozy bungalows to modern studios and family homes, these neighborhoods offer a diverse range of accommodations to suit different needs and preferences.
Creating an Inviting Airbnb in Eugene-Springfield, Oregon: Design and Furnishing Tips
Reflect the Local Style
- Use Natural Materials: Incorporate natural materials like wood and stone to complement the outdoor appeal of the Eugene-Springfield area. This can include wooden furniture, stone fireplaces, or wooden accents in the decor.
Embrace Local Aesthetics
- Vintage and Retro Inspirations: Incorporate vintage or retro-inspired furnishings to align with the area's unique character. This can add a charming and eclectic touch to your space.
Consider the Local Environment
- Outdoor Integration: Since Eugene and Springfield are known for their natural beauty, design your space to seamlessly integrate with the outdoors. This could include large windows, outdoor seating areas, or a private patio with plants and local flora.
Comfort and Practicality
- Fully Equipped Kitchen: Ensure the kitchen is fully equipped with modern appliances and essential cookware. This includes items like a microwave, toaster oven, induction cooktop, coffee maker, and electric tea kettle.
Attention to Detail
- Quality Bedding and Linens: Provide comfortable bedding with quality linens. Consider using memory foam mattresses and bamboo covers for added comfort.
Amenities and Extras
- Additional Amenities: Offer extra amenities such as a hot tub, free WiFi, and a big screen TV to enhance the guest experience. These can be significant selling points for your Airbnb.
Space Optimization
- Efficient Use of Space: Optimize the use of space, especially in smaller units. For example, use a queen-size platform bed or a cabinet bed with a comfortable memory foam mattress to save space while maintaining comfort.
Guest Convenience
- Self Check-in and Parking: Provide convenient features like self check-in and free on-site parking to make the guest's stay hassle-free.
Local Touches
- Local Art and Decor: Add local touches such as artwork or decor items that reflect the culture and beauty of the Eugene-Springfield area. This can help guests feel more connected to the local community.
Cleanliness and Maintenance
- Clean and Well-Maintained Space: Ensure the space is clean, well-maintained, and regularly updated. This includes providing bathroom and garbage services as required by local regulations.
By following these tips, you can create an inviting Airbnb space in Eugene-Springfield that not only reflects the local style but also provides a comfortable and memorable stay for your guests.
Discover Eugene-Springfield, Oregon: Local Attractions and Insider Tips
Local Attractions
Eugene
- Alton Baker Park: The city's largest park, featuring the Whilamut Natural Area, Pre's Trail, and access to the Willamette River for kayaking and biking.
- Jordan Schnitzer Museum of Art: A museum showcasing a diverse collection of art on the University of Oregon campus.
- Museum of Natural and Cultural History: Highlights the natural and cultural histories of Oregon with exhibits on fossils, wildlife, and climate.
- Hayward Field: A renowned track and field stadium, especially popular during athletic events.
- Hult Center for the Performing Arts: A venue for various performances, including theater, music, and dance.
- Eugene Science Center: Offers interactive science exhibits, a planetarium, and science-themed events within Alton Baker Park.
- Saturday Market: A weekly market featuring local artisan wares every Saturday.
- Lane County Farmers Market: A market offering fresh produce, food items, and local products on Saturdays, Tuesdays, and the third Thursday of each month.
- Mount Pisgah Arboretum: A 209-acre arboretum with hiking trails, scenic viewpoints, and an annual Mushroom Festival.
Springfield
- Washburne Historic District: A historic neighborhood with charming shops, eateries, and a mural honoring author Ken Kesey.
- Dorris Ranch Living History Farm: The nation's oldest commercial filbert (hazelnut) farm in continuous operation.
- Celeste Watch Company: A unique shop in the heart of Springfield.
- Clearwater Park & Boat Ramp: A park offering recreational activities and access to the water.
- The Simpsons Mural and Tour: Explore the town that inspired the TV show "The Simpsons" with a self-guided tour and murals.
Insider Tips
Markets and Shopping
- 5th Street Public Market: A vibrant market with local restaurants, shops, wineries, and breweries. Don't miss Magpie Coffee Shop.
- Lane County Farmers Market: Visit for fresh produce and unique food items. It's a great place to find local souvenirs.
Outdoor Activities
- Willamette River Bike Trail: Enjoy biking and kayaking along the Willamette River, which runs through both Eugene and Springfield.
- Fern Ridge Path: A family-friendly path with wide, paved trails through wetlands, ideal for spotting wildlife.
- Thurston Hills Natural Area: Just minutes from downtown Springfield, this area is perfect for mountain biking.
Food and Drink
- Eugene Ale Trail: Explore the local craft brewery scene, a highlight of Eugene's culinary culture.
- South Willamette Valley Wineries: Visit nearby wineries for wine tasting and tours.
- Marché Restaurant: Known for its farm-to-table cuisine, offering a taste of the local bounty.
Cultural Experiences
- Hult Center for the Performing Arts: Check the schedule for various performances and events.
- Wildish Theater: Catch a show in this charming theater in Springfield.
- University of Oregon Campus: Explore the campus, which includes several museums and cultural attractions.
Family Fun
- Eugene Science Center: A great place for families with interactive exhibits and a planetarium.
- Splash at Lively Park: An indoor waterpark in Springfield perfect for family fun.
- Willamalane Park and Recreation District: Offers various recreational activities for all ages in Springfield.
By sharing these local attractions and insider tips, you can help your Airbnb guests make the most of their visit to Eugene-Springfield, Oregon.
Practical Tips to Run a Successful Short Term Rental Business in Eugene-Springfield, Oregon
To ensure a smooth and successful short-term rental business in Eugene-Springfield, Oregon, several practical tips can be implemented:
Noise Regulations and Guest Communication
Inform your guests about quiet hours and noise regulations to maintain good relations with neighbors. Include this information in both digital and physical house manuals to avoid any misunderstandings.
Comprehensive House Manual
Create a detailed house manual that includes instructions on how to use appliances, Wi-Fi passwords, and other essential information. This manual should be available both digitally and in physical form to cater to different preferences.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide clear instructions and photos on how to access the property, ensuring a hassle-free arrival for your guests.
Parking Instructions
Include detailed 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 issues with neighbors or local authorities.
By following these tips, you can enhance the guest experience, reduce potential conflicts, and ensure compliance with local regulations, such as those outlined in the Eugene City Code regarding short-term rentals.
Here is a brief list of house cleaning, and related services providers in the Eugene-Springfield, Oregon area:
House Cleaning Services
Merry Maids of Eugene
- Provides home cleaning services, restoring balance to your life with meticulous cleaning processes.
Rose Petal Housekeeping
- Offers housekeeping, occasional, pre/post event cleaning, move in/move out cleaning, and more. Local and family-operated with over 40 years of service.
Eugene Cleaning Pros
- Provides residential and commercial cleaning services, including basic clean, deep clean, move in/out, Airbnb, and construction job clean-up. Offers flexible scheduling and affordable rates.
Broomstick of Eugene
- A premier home cleaning and housekeeping service provider offering flexible options for residential, business, real estate, and construction clients. Known for attention to detail and client satisfaction.
Additional Services
Eugene Cleaning Pros
- Also offers additional services such as interior windows, stove/oven cleaning, fridge cleaning, wall cleaning, and yard clean-up.
Broomstick of Eugene
- Provides custom services for real estate and property management professionals, including single service residential cleans and regularly scheduled weekly, bi-weekly, or monthly services.
Short-Term Rental Management Fees in Eugene-Springfield, Oregon
In the Eugene-Springfield area of Oregon, short-term rental management fees 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 services such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum. For instance, companies like GoSummer in Springfield charge starting at 20% of the booking revenue, excluding cleaning fees.
On the other hand, basic services that may only include registration, tax collection, and minimal support can be less expensive. Additional fees may also apply for services like cleaning, repairs, or design enhancements. In Eugene, property management companies like those described may charge flat fees or percentage-based fees, with various tiers and add-ons depending on the specific needs of the property owner.