Airbnb & VRBO Performance in Melbourne 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

Melbourne, Florida: Airbnb & VRBO Vacation Rental Market Overview

In Melbourne, Florida, short-term rentals are experiencing stable performance with a 50% average occupancy rate, a daily rate of $178, and monthly revenue of $16,524, indicating a viable and lucrative market despite regulatory challenges.

Market overview

Thriving Short-Term Rental Market in Melbourne, Florida

Melbourne, Florida, is experiencing a robust short-term rental market, marked by strong performance metrics. According to recent data, short-term rentals in Melbourne boast an average occupancy rate of 50%, indicating a high demand for these properties. The average daily rate stands at $178, contributing to a substantial monthly revenue of $16,524. This robust performance is further highlighted by the growth in active listings, which have increased by 8% over the past year. With a majority of listings being entire homes and a high prevalence of essential amenities such as internet, air conditioning, and parking, Melbourne's short-term rental market continues to attract both investors and travelers, making it an excellent destination for those seeking convenient and comfortable accommodations.

Short Term Regulations

Short-Term Rental Regulations in Melbourne, Florida for 2024

While the provided sources primarily focus on state and other city regulations, there is limited specific information available for Melbourne, Florida. However, here are some general and applicable regulations that can be inferred or are relevant to short-term rentals in Florida, which may also apply to Melbourne:

State and Local Regulations

Definition of Short-Term Rentals

  • A short-term rental is defined as any housing accommodation rented for stays of 30 days or less, more than three times per year.

Registration and Licensing

  • Vacation rental owners must register their properties with the local government. Local governments can charge a "reasonable fee" for this registration.

Occupancy Limits

  • The maximum overnight occupancy cannot exceed two persons per bedroom, plus an additional two persons in one common area, or more than two persons per bedroom if there is at least 50 square feet per person, plus an additional two persons in one common area.

Compliance and Enforcement

  • Local governments can suspend vacation rental registrations for up to 30 days following three or more violations of local ordinances within a 90-day period. More severe penalties can apply after multiple suspensions.

Taxation

  • Short-term rental hosts must collect state sales and local tourist taxes, which usually range between 7.5% and 12% of revenue.

Property Inspections

  • Some cities may require property inspections to obtain a rental permit. Specifically, balcony inspections may be necessary for buildings three or more stories high or with balconies at least 17 feet from ground level.

Emergency Contact and Information

  • A responsible party must be available by telephone 24 hours a day and seven days a week to respond to complaints or emergencies related to the vacation rental. Key information such as the property's address, emergency contact details, and maximum occupancy limits must be prominently displayed inside the vacation rental.

Human Trafficking Notification

  • Employees hired to maintain the property or greet guests must be trained to recognize and report human trafficking.

Local Specifics

While there is no detailed information specifically for Melbourne, Florida, local governments are allowed to regulate short-term rentals in various ways, including setting restrictions on noise, trash, parking, and other local concerns. It is advisable to check with the City of Melbourne for any specific local ordinances or regulations that may apply.

Additional Considerations

  • Homeowner associations (HOAs) may have their own rules and regulations that are more stringent than the city's codes, although the city does not enforce HOA documents.
Neighborhood Performance

Top Neighborhoods Generating Airbnb Revenue in Melbourne, Florida

1. Eau Gallie

  • Appeal: Eau Gallie is a historic and artsy neighborhood known for its vibrant arts scene, numerous galleries, studios, and the Eau Gallie Arts District. Guests are drawn to its unique blend of history, culture, and natural beauty. The area is close to the Indian River Lagoon, great restaurants, shops, and parks, and is just a quick drive to the beach.
  • Popular Listings: The Historic Arts District Studio and the Red Bird Bungalow are highly rated favorites among guests, offering private entrances, comfortable accommodations, and proximity to local attractions.

2. Melbourne Beach

  • Appeal: Located in the heart of Historic Melbourne Beach, this area offers direct access to the ocean, Indian River Lagoon, shops, restaurants, and easy access to Orlando attractions. Guests enjoy the serene and quiet atmosphere, along with the convenience of being close to various beach activities.
  • Popular Listings: The Noble Villa Beachside and Ocean View Retreat are top choices, providing peaceful patios, equipped kitchenettes, and stunning ocean views.

3. Downtown Melbourne

  • Appeal: Downtown Melbourne is appealing due to its central location, walking distance to over 20 restaurants, shopping spots, nightspots, and breweries. Guests also enjoy the proximity to the Atlantic Ocean and the availability of paddleboard and kayak rentals.
  • Popular Listings: The Serene Harbor View+ Pool in Heart of DT Melbourne and the Downtown home near Ocean are highly rated for their comfortable furnishings, pool access, and central location.

4. Indialantic

  • Appeal: Indialantic offers a coastal charm with direct access to the Atlantic Ocean and pristine sandy beaches. The area is filled with local shops, restaurants, and entertainment options, making it ideal for those seeking a laid-back, beachside lifestyle.
  • Popular Listings: While specific Airbnb listings are not highlighted in Indialantic, its appeal lies in its beach access, local events, and excellent schools and parks.

5. West Melbourne

  • Appeal: West Melbourne is attractive for its affordability and convenience, with a variety of housing options and proximity to major highways, shopping centers, and entertainment venues. Max K. Rodes Park and Melbourne Square Mall are significant draws.
  • Popular Listings: The Pineapple Bungalow and other centrally-located rentals offer easy access to beach and river activities, as well as local attractions like the Brevard Zoo and Kennedy Space Center.

These neighborhoods are highly appealing due to their unique blend of cultural, historical, and natural attractions, along with their convenient locations and a range of amenities that cater to various guest preferences.

Meet with a revenue advisor
Design Tips

Furnishing and Design Tips for an Inviting Airbnb in Melbourne, Florida

Define Your Goals and Understand Your Audience

  • Identify the type of guests you are catering to, such as families, couples, or solo travelers, to tailor your furnishings and design accordingly.

Embrace the Local Theme

  • Take inspiration from Melbourne's coastal and outdoor lifestyle. Incorporate a coastal or tropical theme with colors like blues, sandy beiges, and whites to harmonize with the local scenery.

Choose Durable and Easy-to-Clean Furniture

  • Invest in high-quality, durable furniture that can withstand frequent use. Opt for easy-to-clean fabrics and materials to maintain a pristine condition.

Optimize Layout for Natural Light and Space

  • Measure your rooms to determine the best layout. Ensure there is plenty of space to move around and do not block natural light sources. Use mirrors to make the space feel bigger and brighter.

Select Timeless and Functional Pieces

  • Go for timeless, sturdy pieces that will last. Consider furniture with built-in storage, such as storage beds, to maximize space and keep the area tidy.

Provide Essential Amenities

  • Equip your kitchen with essentials like a coffee maker, microwave, toaster, and kettle. Ensure the bathroom has high-quality towels, a hairdryer, basic toiletries, and a first-aid kit.

Enhance with Local Touches

  • Add local artwork, nautical wall hangings, or textiles that reflect Melbourne's unique culture and environment to create a personalized and authentic space.

Ensure Guest Comfort

  • Provide comfortable, lightweight chairs and sofas with washable covers. A sofa bed can increase the number of guests you can accommodate and boost rental income.

Consider Accessibility

  • Make your Airbnb accessible to guests with disabilities by including features like ramps, wide doorways, and grab bars in bathrooms.

Add a Statement Element

  • Include a unique piece, such as a vibrant sofa, patterned rug, or local artwork, to capture interest and set the tone for your space.

Maintain a Fresh and Clean Look

  • Use neutral tones and avoid elaborate patterns to keep your design timeless. Opt for white linens and towels for a hotel-like feel that can be easily bleached.

Plan Updates Strategically

  • Update your furniture during the off-season or plan short gaps between bookings to minimize disruption and keep your place in top shape for guests.
Insider Tips

Discover Melbourne, Florida: Top Attractions and Insider Tips for Your Guests

Local Attractions

1. Brevard Zoo

  • Home to over 900 animals from around the world, including unique exploration options like kayaks, paddle-boats, and zip lines. Don't miss the Treetop Trek Aerial Adventure and the chance to pet a rhino or feed a giraffe.

2. Kennedy Space Center

  • Experience the magic of space with historic spacecraft, memorabilia, IMAX theaters, and bus tours of the spaceport. Check the event calendar for real rocket launches.

3. Sebastian Inlet State Park

  • A beach lover's paradise with untouched sand, beautiful shells, native wildlife, and world-class surfing. Enjoy fishing, scuba diving, and snorkeling in this premier saltwater fishing spot.

4. Paradise Beach & Park

  • A family-friendly beach offering surfing, swimming, beachcombing, sunbathing, and beach volleyball. Located between Indialantic and Indian Harbour Beach.

5. Historic Downtown Melbourne

  • Explore the quaint historic district with restaurants, boutiques, public art, and outdoor lounges. Enjoy direct access to Crane Creek for fishing and canoeing, and admire the colorful murals.

6. Andretti Thrill Park

  • An ultimate playground with rides, rock climbing, arcade games, zip-lining, go-carting, speed racing, mini bowling, mini-golfing, rope obstacle courses, and laser tag.

7. Foosaner Art Museum and Derek Gores Gallery

  • Feast your eyes on rotating exhibits at the Foosaner Art Museum and creative collages at Derek Gores' gallery in Melbourne Beach. Sign up for workshops and newsletters for upcoming events.

8. Rich Grom Memorial Wetlands

  • A quiet nature preserve ideal for Eco-travelers, photographers, and bird lovers. Explore the 200-acre park between Moccasin Island Tract and the Brevard Zoo.

9. Bayside Marina

  • Launch your boat, rent a slip, or stock up supplies. Enjoy eco-tours, kayaking, or overnight camping in this marina.

10. Maritime Hammock Sanctuary

  • Hike through protected barrier island habitats, featuring a trail with bridges, a boardwalk over wetlands, and an observation deck over a marsh pond.

Insider Tips

Water Activities

  • Rent jet skis from 321 Boat Rentals or take an airboat ride with Camp Holly Airboat Rides to see alligators in their natural habitat.
  • Join Good Natured River Tours for a cruise through the Indian River Lagoon to spot dolphins, manatees, and wild birds.

Food and Nightlife

  • Visit Matt’s Casbah for great sushi, festive cocktails, and live music on weekends. Enjoy the global feel and large patio.
  • Explore the Melbourne Beach Market for wine, beer, and local specialties.

Nature and Wildlife

  • Take a tropical kayak tour with Karen’s Kayaks, including moonlit excursions to spot manatees.
  • Visit the Sebastian Fishing Museum to learn about the local fishing industry and its rich history.

Family Fun

  • Head to Adventure HQ for indoor activities like rock climbing, axe throwing, darts, billiards, and more. Perfect for rainy days.
  • Enjoy the Spessard Holland Golf Course, an executive course designed by Arnold Palmer Enterprises, offering an enjoyable golfing experience with ocean breezes.

By sharing these attractions and insider tips, you can help your guests make the most of their visit to Melbourne, Florida, and ensure a memorable stay.

Practical Tips

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

To ensure the success and smooth operation of a short-term rental business in Melbourne, Florida, several practical tips can be implemented. First, it is crucial to comply with the city's noise regulations by informing guests about quiet hours. This can be done through clear communication in the rental agreement and a digital or physical house manual that outlines the noise policies to avoid potential issues with neighbors.

Creating a comprehensive digital and physical house manual is essential. This manual should include detailed instructions on how to use appliances, Wi-Fi passwords, and other important information about the property. This helps in reducing the number of queries from guests and ensures they have a comfortable stay.

Simplifying the check-in process is also vital. Utilizing smart locks eliminates the need for physical key exchanges, allowing guests to check in seamlessly. Additionally, providing parking instructions accompanied by photos can help guests navigate the property easily, reducing confusion and stress.

By implementing these strategies, you can enhance the guest experience, minimize potential issues, and maintain a positive reputation for your short-term rental business in Melbourne, Florida.

Local Vendors

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

House Cleaning Providers in Melbourne, FL

Two Maids

  • Offers professional house cleaning services, including one-time deep cleans and recurring cleaning.
  • Provides all necessary cleaning supplies and equipment.
  • Team is experienced, background-checked, and fully bonded and insured.

321 Maids

  • A family-owned local business providing residential cleaning services.
  • Offers customizable cleaning packages, including standard cleaning, vacation rental cleaning, and cleaning add-ons.
  • Known for reliable, thorough, and courteous service with no hidden fees.

eMaids

  • Provides professional house cleaning services in Brevard County, including everyday housekeeping and routine cleanings.
  • Maids are certified, insured, and bonded; they undergo a 5-day training and certification program.
  • Offers a 100% satisfaction guarantee and competitive pricing.

The Maids

  • Offers tailor-made housekeeping and recurring maid services using a 22-Step Cleaning Process.
  • Partners with Mr. Clean® for next-level house cleaning.
  • Provides a 100 percent satisfaction guarantee and serves areas including Melbourne, Indialantic, and Viera.
Management fees

Short-Term Rental Management Fees in Melbourne, Florida: A Comprehensive Guide

In Melbourne, Florida, the fees for managing short-term rentals, such as those on Airbnb, can vary significantly based on the level of service provided. Typically, these fees range from 10% to 30% of the rental revenue. Full-service management companies, which handle all aspects including guest communication, marketing, pricing optimization, and maintenance, tend to charge on the higher end of this spectrum, often starting at around 15% to 25% of the revenue.

Basic services, which may include only essential tasks like rent collection and minimal maintenance, can be less expensive, sometimes starting as low as 10%. Additionally, property owners may incur extra fees for services such as cleaning, repairs, or design enhancements. Understanding these fee structures is crucial for property owners to make informed decisions and maximize their rental income while complying with local regulations and maintaining high guest satisfaction levels.

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 Melbourne 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 Melbourne.

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