Maricopa County, Arizona, is experiencing robust growth in its short-term rental market, with Phoenix seeing a 12% increase in 2023, high occupancy rates of 67%, and projected continued growth of 10-12% in 2024, driven by its thriving tourism industry and favorable regulatory environment.
Thriving Short-Term Rental Market in Maricopa, Arizona
The short-term rental market in Maricopa, Arizona, particularly in Phoenix, is experiencing a robust and lucrative period. In 2023, the market saw a 12% growth, surpassing the national average of 8%, and is projected to maintain a steady growth trajectory of 10-12% in 2024. Key metrics highlight the market's strength: the occupancy rate averaged 67% in 2023 and is expected to rise to 70% in 2024. The average daily rate for Phoenix Airbnbs increased to $165 in 2023, with a further rise to $175 anticipated in 2024. This combination of high occupancy rates and increasing daily rates underscores the significant potential for investors and hosts in the region, making Maricopa County an attractive and profitable destination for short-term rental ventures.
Short-Term Rental Regulations in Maricopa County, Arizona for 2024
State and County-Level Regulations
Registration Requirements
- All residential rental properties, including short-term rentals, must be registered with the Maricopa County Assessor's Office in accordance with Arizona Revised Statutes (ARS 33-1902).
Tax Compliance
- Short-term rental owners must obtain a Transaction Privilege Tax (TPT) license from the Arizona Department of Revenue.
Liability Insurance
- Evidence of liability insurance with a minimum coverage of $500,000 or proof that the listing platform provides equal or greater liability insurance coverage is required.
City-Specific Regulations (e.g., Phoenix)
Permit Application
- Owners must submit a short-term rental permit application to the City of Phoenix's Planning and Development Department, including:
- Property’s physical address
- Owner’s and owner’s designee’s contact information
- Emergency point of contact’s 24/7 phone number and email
- Proof of valid TPT license
- Evidence of liability insurance
- Evidence of registration with the Maricopa County Assessor’s Office
- Signed agreement to comply with all relevant laws and regulations
- Proof of lawful presence in the US for individual owners
- Written description or map showing safety equipment locations.
Neighbor Notification
- Owners must send a notice of intent to operate a short-term rental to all neighboring properties and neighborhood associations within 600 feet.
Safety and Equipment Requirements
- Maintain a working smoke and carbon monoxide detection and notification system
- Have a portable fire extinguisher in the kitchen and any area with an open fire source.
Display Requirements
- Display the local regulatory permit number on each ad of the property
- Display a copy of the permit within 10 feet of the primary entrance inside the vacation rental
- Display the owner’s, owner’s designees, and emergency point of contact’s name, phone number, and email within 10 feet of the primary entrance in a visible manner.
Prohibited Uses
- Using the property for non-residential purposes like weddings, retail, restaurants, or large events without proper permits is prohibited
- Hosting events that necessitate city permits without obtaining one
- Engaging in or promoting illegal activities, including the sales of drugs or alcohol
- Activities involving obscenity or adult-oriented businesses.
Compliance and Penalties
Annual Renewal
- Permits need to be renewed annually, at least 15 days before expiry, with a renewal fee of $250.
Penalties for Non-Compliance
- Violating regulations can result in penalties ranging between $500 and $3,500, and permits might be revoked for a period of 12 months.
Additional Requirements
Emergency Contact
- Provide contact information for someone who can respond to complaints at any time.
Local Ordinances
- Check local city ordinances for additional rules and regulations, as cities like Scottsdale and Phoenix have specific ordinances regarding short-term rentals.
Top Neighborhoods for Airbnb Revenue in Maricopa, Arizona
1. Johnson Ranch
- Appeal: Johnson Ranch is a popular neighborhood due to its family-friendly environment, well-maintained homes, and community amenities such as parks and recreational facilities. Guests appreciate the suburban feel combined with easy access to local amenities and nearby cities.
- Revenue: The area attracts high revenue due to its desirable living conditions and the availability of spacious homes that can accommodate large families or groups.
2. Homestead
- Appeal: Homestead is known for its newer homes and modern amenities. Guests are drawn to the area's cleanliness, safety, and the proximity to shopping centers and dining options.
- Revenue: The modern infrastructure and well-maintained properties in Homestead make it an attractive option for guests, leading to higher rental rates and increased revenue.
3. Maricopa Meadows
- Appeal: Maricopa Meadows offers a mix of residential and recreational spaces, including parks and walking trails. Guests like the peaceful atmosphere and the community's family-oriented vibe.
- Revenue: The combination of comfortable living spaces and community amenities makes Maricopa Meadows a sought-after destination, generating significant Airbnb revenue.
4. Rancho El Dorado
- Appeal: Rancho El Dorado is appealing due to its golf courses, clubhouses, and other recreational facilities. Guests enjoy the luxurious amenities and the scenic views.
- Revenue: The upscale amenities and the golfing community attract higher-paying guests, contributing to higher revenue for Airbnb hosts in this area.
5. Val Vista Lakes (adjacent to Maricopa)
- Appeal: Although technically in Gilbert, Val Vista Lakes is close enough to Maricopa to be considered. It offers homes with pools, lakeside views, and a tranquil atmosphere. Guests are drawn to the relaxing environment and the availability of homes with private pools.
- Revenue: The unique combination of lakeside living and private pools makes Val Vista Lakes a premium destination, resulting in higher rental rates and increased revenue.
These neighborhoods are highly sought after due to their unique blend of amenities, location, and living conditions, which contribute to their high Airbnb revenue.
Local Attractions and Insider Tips for Maricopa, Arizona
Local Attractions
Within Maricopa
- Copper Sky Recreation Complex: A city-managed park featuring a full gym, playing fields, pool, splash pad, walking path, amphitheater, and pond. Ideal for families and fitness enthusiasts.
- Pacana Park: A 28-acre facility with a fishing pond, playgrounds, ball fields, and a newly constructed Fitness Court.
- APEX Motor Club: A membership-based sporting activity complex with a 2.25 mile road course circuit, perfect for automotive enthusiasts.
- Ak-Chin Southern Dunes Golf Club: A world-class golf course with restaurants and stunning 360-degree landscape views.
- The Duke at Rancho El Dorado: A championship-style, 18-hole golf course with dining options and a pro shop.
Nearby Attractions
- Harrah's Ak-Chin Hotel and Casino: Offers slot machines, bingo, live entertainment, and dining just south of the city limits.
- Ak-Chin Circle Entertainment: A complex featuring movies, bowling, arcade games, and various dining options.
- Ak-Chin Him-Dak Eco Museum: A museum showcasing over 700 boxes of artifacts, including pottery, stone tools, and jewelry.
- Arizona Soaring: Provides flight training and rides for both casual and thrill-seeking visitors.
- Shamrock Farms Dairy: Offers group tours and educational opportunities, great for families.
Insider Tips
Outdoor Activities
- Explore Local Parks: Pacana Park and Copper Sky Recreation Complex offer a range of outdoor activities, including fishing, playgrounds, and sports fields.
- Golfing: Take advantage of the world-class golf courses like Ak-Chin Southern Dunes Golf Club and The Duke at Rancho El Dorado.
Entertainment
- Visit Harrah's Ak-Chin Casino: Enjoy slot machines, bingo, and live entertainment, along with various dining options.
- Ak-Chin Circle Entertainment: A great spot for movies, bowling, and arcade games.
Cultural Experiences
- Ak-Chin Him-Dak Eco Museum: Learn about the local history and culture by exploring the extensive collection of artifacts.
- Maha Ganpati Temple of Arizona: Visit this Hindu temple with its impressive Dravidian architecture.
Community Events
- Local Food and Markets: Check out local events and markets, such as those supported by the Maricopa Historical Society and community groups.
Day Trips
- Phoenix Area Attractions: Consider day trips to nearby Phoenix attractions like the Desert Botanical Garden, Phoenix Zoo, and Camelback Mountain for hiking and scenic views.
By providing these recommendations, your guests can fully enjoy the diverse range of activities and attractions that Maricopa and its surrounding areas have to offer.
Practical Tips to Run a Successful Short-Term Rental Business in Maricopa, Arizona
To ensure a smooth and successful short-term rental business in Maricopa, Arizona, several practical tips can be implemented:
Noise Regulations and Guest Communication
Inform guests about quiet hours and local noise regulations to avoid any potential issues with neighbors. This can be included in a digital and physical house manual, which should also outline other important house rules and contact information for emergencies.
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 easily accessible both digitally and in a physical form within the rental property.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide clear parking instructions accompanied by photos to help guests navigate the property easily.
Additional Tips
- Ensure compliance with local regulations, such as obtaining necessary licenses and permits, including the Arizona Transaction Privilege Tax (TPT) license and any city-specific business licenses.
- Maintain good relationships with neighbors by notifying them about the short-term rental and providing contact information in case of any issues.
- Regularly update and maintain the property to meet the high standards expected by guests in Maricopa, Arizona, including ensuring working smoke detectors and carbon monoxide detectors.
By following these tips, you can enhance the guest experience, reduce potential conflicts, and ensure a successful and compliant short-term rental business in Maricopa, Arizona.
Here is a brief list of house cleaning providers in Maricopa, Arizona:
House Cleaning Services
The Maids of Maricopa
- Offers 22-Step Cleaning Process, move-in/move-out cleaning, and same-day cleaning services.
- Uses environmentally friendly and EPA-approved cleaning products.
- Located at 22576 N. Davis Way, Maricopa, AZ 85138.
- Contact: 602-805-0300 or text “Quote” to 800-843-6243.
Various Providers Listed on Care.com
- Includes 24 different house cleaning services with rates starting at $18.20/hr.
- Listings include providers such as Lise' M and other local house cleaning companies.
Homeaglow
- Offers professional, affordable, and background-checked house cleaners.
- Initial 3-hour clean starting at $19.
- Provides top-rated house cleaners in the Maricopa area.
Angie's List Top House Cleaners
- Features 12 highly-rated local house cleaners in Maricopa, AZ.
- Allows users to get matched with top house cleaners based on their needs.
Short-Term Rental Management Fees in Maricopa, Arizona: A Comprehensive Guide
In Maricopa County, Arizona, 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 companies, which handle guest communication, marketing, booking management, cleaning, and maintenance, usually charge on the higher end of this spectrum. For instance, companies like GoSummer and HomeTeamVR may charge around 20% of the rental revenue for their comprehensive services.
On the other hand, basic services that may only include rental analysis, marketing, and lease signing could be less expensive. Additional fees can also apply for services such as cleaning, repairs, and design, which may be charged separately or included in the overall management fee. It is crucial for property owners to carefully review the services and fees associated with each management company to ensure they align with their needs and budget.