In Lewiston, Idaho, short-term rentals are performing well, with an average 60% occupancy rate, a $166 daily rate, and a monthly revenue of $14,090, indicating a strong and lucrative market for hosts and investors.
Thriving Short-Term Rentals in Lewiston, Idaho: High Occupancy and Attractive Rates
Lewiston, Idaho, is experiencing a robust performance in its short-term rental market. According to recent data, short-term rentals in Lewiston are boasting an impressive 60% occupancy rate, indicating a strong demand for these properties. The average daily rate for these rentals stands at $166, contributing to a significant monthly revenue of $14,090. This trend highlights the attractiveness and profitability of investing in short-term rentals in the area, with a stable and growing market that is appealing to both hosts and guests.
Short-Term Rental Regulations in Lewiston, Idaho for 2024
Licensing and Permits
- Hosts must obtain necessary permits and licenses to operate short-term rentals. The specific costs and requirements can vary, but generally, hosts need to comply with local licensing regulations.
Zoning Regulations
- Hosts must adhere to Lewiston's zoning laws, which may include restrictions on where short-term rentals can be located and how they can be operated.
Health and Safety Standards
- Rentals must comply with various health, fire, and safety regulations. This includes having functional fire extinguishers, smoke detectors, and ensuring escape routes are accessible. Regular fire code compliance is mandatory.
Building and Health Codes
- Rentals must meet state standards regarding electrical, plumbing, egress, and other building codes. Local health agencies conduct inspections to ensure compliance.
Taxation
- Hosts need to register with the Idaho State Tax Commission to collect and remit state and local taxes on rentals. This includes a 6% state sales tax on short-term rental transactions, which must be collected at booking and reported monthly.
Enforcement and Compliance
- The city of Lewiston actively enforces these regulations to ensure short-term rentals operate within the framework of local laws and community standards. Violations can result in fines or revocation of rental licenses.
Emergency Preparedness
- Hosts must ensure their properties have emergency evacuation plans and necessary safety equipment such as smoke and carbon monoxide detectors.
Community Integration
- Regulations are designed to balance the economic benefits of tourism with the needs of residential areas, ensuring that short-term rentals coexist harmoniously with permanent residents.
Top Neighborhoods for Airbnb Revenue in Lewiston, Idaho
1. Downtown Lewiston
- Appeal: Downtown Lewiston is a hub for urban attractions, cultural events, and business growth. Its revitalization projects are increasing property values, making it an attractive location for both commercial and residential rentals. Guests are drawn to the vibrant city center, proximity to amenities, and the mix of old-world charm with modern conveniences.
- Revenue Potential: High demand for short-term rentals due to its central location and ongoing revitalization efforts.
2. Vineland
- Appeal: Vineland is known for its luxury homes, scenic river views, and access to premium amenities. This upscale neighborhood attracts professionals and affluent retirees, offering a high-end living experience. Guests appreciate the beautiful views and the quality of the properties.
- Revenue Potential: High-end market expansion and the attraction of long-term tenants seeking quality accommodations.
3. Lewiston Orchards
- Appeal: Lewiston Orchards is a family-friendly neighborhood with spacious homes, good schools, and a strong community spirit. Guests are attracted to the tranquil and connected lifestyle, making it ideal for families and those seeking a residential atmosphere.
- Revenue Potential: Strong demand for family homes and a steady increase in home values.
4. Normal Hill
- Appeal: Normal Hill is characterized by its historic homes and proximity to the city center. Guests appreciate the unique architectural interest and the blend of old-world charm with urban amenities. This neighborhood is sought after for its stability and character.
- Revenue Potential: High interest in unique rental properties and potential for historic property appreciation.
5. Near the Snake River
- Appeal: Areas near the Snake River are appealing to outdoor enthusiasts, offering easy access to recreational activities such as hiking, fishing, and boating. Guests enjoy the natural beauty and the opportunity to immerse themselves in outdoor activities.
- Revenue Potential: High demand from tourists and outdoor enthusiasts, especially during peak recreational seasons.
These neighborhoods in Lewiston, Idaho, are particularly appealing for Airbnb guests due to their unique blend of natural beauty, community spirit, and access to amenities and recreational activities.
Tips for Furnishing and Designing an Inviting Airbnb in Lewiston, Idaho
Understanding Lewiston's Unique Style
- Lewiston's appeal lies in its blend of tranquility and adventure, attracting outdoor enthusiasts and families. Reflect this in your design by incorporating elements that highlight the city's natural beauty and recreational opportunities.
Choosing the Right Furniture and Decor
- Opt for high-quality, durable furniture that is easy to clean and maintain. Consider sofas with washable covers and sturdy, lightweight chairs.
- Incorporate natural wood elements and earth tones to resonate with the surrounding outdoor environment. Cozy and inviting designs, such as those featuring rustic charm and modern convenience, are highly preferred.
Enhancing Outdoor Spaces
- High-quality outdoor spaces are crucial. Ensure your Airbnb has well-maintained outdoor areas where guests can immerse themselves in the natural beauty of Lewiston.
Modern Conveniences and Comfort
- Equip your Airbnb with modern conveniences like well-equipped kitchens, comfortable living spaces, and essential appliances such as coffee makers, microwaves, and kettles.
- Use memory foam mattresses for durability and comfort, and consider storage beds for extra space.
Storage and Organization
- Incorporate smart storage solutions like beds with drawers, wall hooks, and stackable containers to keep the space tidy and functional.
Lighting and Mirrors
- Ensure there is plenty of natural light and use mirrors to make the space feel bigger and brighter.
Neighborhood Considerations
- Choose neighborhoods close to parks, the river, and local attractions, as these areas tend to attract a higher volume of tourists.
Amenities and Extras
- Provide amenities such as hairdryers, basic toiletries, and a first-aid kit to enhance the guest experience. Consider adding unique touches like local artwork to differentiate your property.
Accessibility and Safety
- Ensure your Airbnb is accessible to guests with disabilities by including features like ramps, wide doorways, and grab bars in bathrooms. Comply with local health, fire, and safety regulations.
Seasonal Updates
- Plan furniture updates during the off-season or short gaps between bookings to minimize disruption to your guests.
Theme Consistency
- Stick to a consistent theme that reflects Lewiston's unique blend of rustic charm and modern convenience. Use timeless, sturdy pieces that will last and enhance the aesthetic appeal of your Airbnb.
Discover Lewiston, Idaho: Local Attractions and Insider Tips
Local Attractions
Outdoor Adventures
- Hells Canyon: Take a boat tour down the Snake River to explore the deepest river gorge in North America. A great base for this adventure is Lewiston.
- Hell’s Gate State Park: Known for its 14 million-year-old basalt columns, this park is perfect for biking, camping, and outdoor exploration. Admission includes a motor vehicle entry fee of $14 per vehicle, with additional fees for camping.
- Clearwater-Snake River National Recreational Trail: Enjoy hiking and walks along this trail, which runs through Kiwanis Park and offers beautiful views.
Downtown Lewiston
- Downtown Lewiston: Explore the bustling downtown area filled with gift shops, coffee shops, and eateries. Visit Newberry Square for local crafts, art, and food.
- Nez Perce County Historical Society and Museum: Learn about the local culture and Nez Perce people at this museum. Admission is $6 for adults and $4 for children 6-17.
- LCSC Center for Arts and History: A free admission museum located at 415 Main St, offering insights into the city’s arts and history.
Parks and Family Fun
- Kiwanis Park: A family-friendly park with a playground, picnic tables, and access to the Clearwater-Snake River National Recreational Trail.
- Asotin County Family Aquatic Center: Features a wave pool, lazy river, and water slides, perfect for a fun day out with the family.
- Orchards Lanes: A local favorite bowling alley with an arcade room, pool tables, and a restaurant serving giant sandwiches and beer.
Other Attractions
- Locomotive Park: Home to a retired locomotive Steam Engine 92 and Camas Prairie RR Caboose. A great spot for photos and learning about local history.
- Snake River Adventures: Offers water sports and activities such as rafting and jet boat trips up Hells Canyon.
Insider Tips
Best Time to Visit
- Fall: Enjoy mild weather and exceptional fall colors, making it ideal for outdoor activities like hiking.
- Winter: While it can be cold, the area receives some snowfall but is not as harsh as other places with a similar latitude. Perfect for winter sports and festive events.
Festivals and Events
- Hot August Nights: An annual music festival featuring concerts by popular musicians from the 1950s to 1980s, along with a classic car show and night parade.
- Dogwood Festival: Celebrates the blooming dogwood trees with a "Show and Shine" classic car show and other attractions.
- Lewiston Downtown Artwalk: A celebration of local artists and their work.
Dining and Nightlife
- Blue Lantern Coffee Shop: Start your day with coffee from this local favorite in downtown Lewiston.
- Ernie’s Steakhouse: Make a reservation for a great meal to cap off your day of exploration.
- Jovinea Cellars: Schedule a wine tasting to try some of the best wines in the Lewis Clark Valley region.
Additional Tips
- Transportation: Lewiston serves as a primary regional transportation hub, making it easy to get around and explore the surrounding area.
- Community Events: Check the local calendar for events like the Lewiston Roundup, Community Spirit Fireworks display, and Pumpkin Palooza to enhance your visit.
Practical Tips to Run a Successful Short-Term Rental Business in Lewiston, Idaho
To ensure a smooth and successful short-term rental business in Lewiston, Idaho, several key practices can be implemented. Here are some practical tips:
Noise Regulations and Quiet Hours
Inform your guests about the quiet hours and noise regulations in the area to maintain a peaceful environment for both the guests and the neighbors. Include this information in your house manual and provide clear guidelines on what is considered acceptable noise levels.
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 guests with a unique access code and detailed instructions on how to enter the property. This not only enhances convenience but also reduces the likelihood of key-related issues.
Clear Parking Instructions
Include detailed parking instructions in your house manual, accompanied by photos to help guests understand where and how to park their vehicles. This can prevent confusion and potential parking violations, ensuring a hassle-free stay for your guests.
By implementing these strategies, you can enhance the guest experience, comply with local regulations, and maintain a positive reputation for your short-term rental business in Lewiston, Idaho.
Here is a brief list of house cleaning, repair, or maintenance providers in Lewiston, Idaho:
House Cleaning Services
- H & F Home Cleaning Services: A licensed, bonded, and insured business providing professional home cleaning services in Lewiston, ID, and surrounding areas.
- Top-Rated Cleaning Services on HomeAdvisor: A list of top-rated cleaning services experts in Lewiston, ID, with real reviews and ratings.
- Top 10 Best House cleaners on Angi: A list of the best house cleaners in Lewiston, ID, with varying costs based on house size and other factors.
Other Related Services
- Osborne's Cleaning & Restoration: Although primarily based in Clarkston, WA, they offer services such as carpet cleaning, window cleaning, upholstery detail, and more, which may also be available in the Lewiston area.
Note that while Osborne's Cleaning & Restoration is not exclusively based in Lewiston, ID, they serve nearby areas and may offer services there as well.
Short-Term Rental Management Fees in Lewiston, Idaho: A Range of 10%-30% and Additional Costs
In Lewiston, Idaho, 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 around 20%-30% of the revenue.
Basic services, which may only include rent collection and minimal oversight, can be less expensive, potentially around 10% of the rental income. In addition to these management fees, property owners may also incur extra costs for cleaning, repairs, and design services. For instance, some property managers may charge a consumables fee for items like linens and toiletries, and there could be leasing fees for filling vacant units or eviction fees if legal action is necessary. Understanding these fees is crucial for property owners to accurately budget and manage their short-term rental properties effectively.