Midwest City, Oklahoma, is seeing a robust short-term rental market with 122 available rentals, flexible lease options, and an average price range of $614 to $958, making it an attractive and convenient destination for both travelers and investors.
Thriving Short-Term Rental Market in Midwest City, Oklahoma
Midwest City, Oklahoma, is experiencing a robust and flexible short-term rental market, catering to the needs of both travelers and locals. While specific occupancy rates and average daily rates for Midwest City are not readily available, the broader context of Oklahoma City's short-term rental market provides a positive outlook. Nearby Oklahoma City has seen an average occupancy rate of 53% and an average daily rate of $143.60, indicating strong demand for vacation rentals.
In Midwest City, the availability of 122 short-term rentals, with prices ranging between $614 and $958 per month, suggests a market that is adaptable and convenient for various stay durations. This flexibility, combined with the growing demand for short-term and mid-term rentals in the region, makes Midwest City an attractive option for both guests and potential investors in the short-term rental sector.
Short-Term Rental Regulations in Oklahoma City, Oklahoma for 2024
Licensing and Fees
- Home Sharing License: Required for all short-term rental operators, with an annual fee of $24.
- Special Exception Fee: An additional $300 fee for properties in historic preservation districts or for hosts with more than one short-term rental unit.
Safety Requirements
- Smoke Detectors: Must be installed and operational.
- Carbon Monoxide Detectors: Must be installed and operational.
- Fire Extinguishers: Must be installed and functional.
- Compliance with Building and Fire Codes: Hosts must comply with all applicable building and fire codes adopted by the City.
Zoning and District Regulations
- Residential Areas: Short-term rentals are allowed in areas zoned for residential use.
- Historic Preservation Districts: Require a special exception from the Board of Adjustment, and the property must be the host’s primary residence.
Operational Requirements
- Maximum Consecutive Stay: The rental of the entire home or bedroom(s) may not exceed 30 consecutive days per renter/guest.
- Host Presence: Not explicitly required, but hosts must comply with all applicable regulations and ensure the property meets safety standards.
Tax Obligations
- Hotel Tax: A 5.5% hotel tax on the listing price for the first 29 nights, collected by Airbnb on behalf of hosts.
Special Exceptions
- Board of Adjustment: Special exceptions must be obtained for properties not meeting standard zoning requirements, such as those in historic preservation districts or non-primary residences.
- Application Process: Includes submitting various documents like proof of property ownership, floor plans, and safety certifications.
Current Moratorium
- 180-Day Moratorium: A temporary moratorium on new short-term rental licenses for at least 180 days, effective as of July 2024. This does not affect current license holders or renewals.
Documentation and Proof
- Property Ownership: Hosts must provide evidence of property ownership, such as a deed or recent mortgage statement.
- Proof of Residence: Hosts must confirm the listed property is their primary residence through documentation like utility bills or a driver’s license.
Top Neighborhoods for Airbnb Revenue in Midwest City, Oklahoma
While specific neighborhood data for Midwest City is not as detailed as for Oklahoma City, we can infer the most appealing areas based on popular attractions and general trends in short-term rental demand.
Key Areas Attracting High Airbnb Revenue
1. Areas Near Oklahoma City National Memorial
- This area is appealing due to its proximity to significant historical sites and its central location, making it convenient for guests to explore other parts of the city.
2. Areas Around Bricktown
- Although Bricktown is technically part of Oklahoma City, its influence extends to nearby areas in Midwest City. This entertainment hub attracts tourists with its restaurants, bars, and attractions like the Chickasaw Bricktown Ballpark and the Bricktown Canal.
3. Areas Close to the Oklahoma City Zoo and Myriad Botanical Gardens
- These family-friendly attractions draw visitors who prefer accommodations in nearby neighborhoods for ease of access.
4. Areas Near Chesapeake Energy Arena and the Oklahoma History Center
- These locations are popular for both tourists and business travelers, especially those attending events or conferences, making them attractive for short-term rentals.
5. Areas Around Frontier City and Science Museum Oklahoma
- These areas are favored by families and educational groups, providing a steady stream of guests looking for convenient and comfortable accommodations.
Why These Areas Are Appealing
- Proximity to Attractions: Guests are drawn to areas that offer easy access to popular attractions, making these neighborhoods highly desirable.
- Convenience: Being close to major highways, public transportation, and local amenities enhances the appeal of these areas for both short-term and long-term stays.
- Consistent Demand: The presence of year-round attractions and events ensures a consistent demand for short-term rentals, making these areas stable and profitable for Airbnb investors.
Creating an Inviting Airbnb in Midwest City, Oklahoma: Design and Furnishing Tips
Entryway and First Impressions
- Ensure the entryway is welcoming and thoughtfully designed to make guests feel special.
- Add elements like a small table or shelf for keys, a mirror, and some decorative pieces that reflect the local culture.
Living Room
- Focus on creating a space that encourages conversation and gathering. Use swivel chairs and arrange furniture to facilitate interaction.
- Invest in good lighting, including lamps and dimmer switches, to create a cozy and adjustable atmosphere.
- Provide comfortable seating options, such as a pouf, and ensure there are occasional tables for guests to place their drinks.
- Use soft, clean blankets and pillows with different fill options to enhance comfort.
Kitchen
- Equip the kitchen with modern appliances and necessary utensils to make home cooking convenient.
- Incorporate a blend of comfort and modern aesthetics, such as rustic farmhouse themes or contemporary urban designs, to reflect the city's unique style.
Bedroom
- Offer high-quality bedding with extra layers stored in the closet for guest convenience.
- Provide two bedside tables with lamps for each bed, including options with USB ports or wireless charging features.
- Ensure temperature control with ceiling fans and blackout shades to cater to different sleep preferences.
Outdoor Spaces
- If available, create inviting outdoor areas such as patios or backyards with seating and recreational facilities.
- Consider adding unique features like hot tubs or rooftop decks to elevate the guest experience.
Neighborhood and Local Touch
- Choose neighborhoods that are centrally located and offer easy access to local attractions, such as those near the Del City Community Center or the I-40 freeway.
- Incorporate local art and decor to give the space a 'home away from home' feel that resonates with Midwest City's vibe.
Safety and Compliance
- Ensure compliance with local building and fire codes, and provide essential safety information and house rules in an information packet for guests.
- Install necessary safety equipment such as smoke detectors, carbon monoxide detectors, and fire extinguishers.
Amenities and Extras
- Provide amenities like high-speed internet, laundry facilities, and convenient access to local attractions.
- Offer additional comforts such as cozy fireplaces or private pools, if feasible, to enhance the guest experience.
By following these tips, you can create an Airbnb in Midwest City that is not only inviting but also reflective of the city's unique charm and attractions.
Discover Midwest City, Oklahoma: Local Attractions and Insider Tips
Outdoor Attractions
- Joe B. Barnes Regional Park:
- A 380-acre park featuring the Spirit of Midwest City playground, basketball and volleyball courts, multi-field softball and soccer complexes, and three miles of jogging and nature trails.
Don't miss the plentiful green space with picnic tables and three rental pavilions.
Jack Guthery Kiwanis Park:
- Offers a walking trail, two rentable pavilions, picnic tables, playground equipment, a volleyball court, and restrooms.
Unique features include a 10,000-square-foot skate park with a half pipe, quarter pipe, and urban pieces like a picnic table, grind box, and grind rails. It is also the only park in Midwest City with Frisbee Golf.
Lions Park:
- Features a rentable pavilion, playground equipment, picnic tables, and restrooms.
Home to Midwest City’s only splash pad with an attached pavilion, open from May to September.
Soldier Creek Industrial Park Recreational Trail:
- Approximately 5 miles of unpaved, multi-use, natural terrain trails ideal for off-road mountain biking, running, and hiking.
- Maintained by the Oklahoma Earthbike Fellowship, Inc., and meets International Mountain Biking Association guidelines.
Family-Friendly Fun
- Reno Swim & Slide:
- A family fun water and activity park with a baby wading area, Olympic-sized pool, world-class diving boards, slide tubes, and a 12-foot tall climbing wall.
Enjoy covered pavilions, picnic tables, and an on-site concession stand. Group rates are available.
Star Skate:
- Offers a year-round, indoor skating experience perfect for families and group events.
- Ideal for team building and family outings.
Cultural and Historical Sites
- Hudiburg Chevrolet Performing Arts Center:
Home to world-class productions, providing a rich cultural experience for visitors.
Atkinson Heritage Center:
- The 1955 mansion of Midwest City's founder, W. P. "Bill" Atkinson, available for free tours by appointment.
- The house, conference room, and 1951 pony barn are available for event rentals.
Sports and Recreation
- Midwest City MAC (Multi-Athletic Complex):
- Designed to host a variety of youth and adult sports including baseball, softball, lacrosse, football, macro and micro soccer, and more.
Features lighting and synthetic surfaces to accommodate multiple events.
John Conrad Regional Golf Course:
- A four-star golf course rated by Golf Digest's "Places to Play."
- Also includes a 9-hole municipal golf course for golf enthusiasts.
Insider Tips
Local Events: Check out classic car shows, military parades, Native American cultural showcases, and local fare events that make Midwest City vibrant and engaging.
Lake Stanley Draper: Enjoy a water-side picnic with plenty of quiet spots for relaxing amid 34 miles of shoreline.
Shopping and Dining: Explore the Town Center Plaza shopping area and the historic downtown area for a mix of local shops and restaurants.
Nearby Attractions: Consider visiting the Oklahoma City National Memorial, Bricktown, and Bass Pro Shops Oklahoma City for additional entertainment and cultural experiences.
Practical Tips to Run a Successful Short Term Rental Business in Midwest City, Oklahoma
To ensure a smooth and successful short-term rental business in Midwest City, Oklahoma, several practical tips can be implemented:
Noise Regulations and Guest Communication
Inform your guests about quiet hours and noise regulations to maintain a peaceful environment for both the guests and the surrounding neighborhood. Clearly outline these rules in your house manual and communicate them through pre-arrival messages to avoid any misunderstandings.
Comprehensive House Manual
Create both digital and physical house manuals that include detailed instructions on how to use appliances, Wi-Fi passwords, and other essential information about the property. This manual should also cover emergency contact details, safety protocols, and any specific rules or regulations.
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 lost keys.
Clear Parking Instructions
Include parking instructions with photos in your house manual to help guests navigate the parking area easily. This is particularly important if the parking setup is complex or if there are specific rules to follow.
By implementing these tips, you can enhance the guest experience, reduce potential issues, and ensure your short-term rental business runs smoothly and efficiently.
Here is a brief list of house cleaning providers in Midwest City, Oklahoma:
House Cleaning Providers in Midwest City, OK
King's Green Cleaning
- Offers eco-friendly cleaning services for residential and commercial properties.
- Serves Midwest City, along with other areas in Oklahoma City.
HappyCleans
- Provides professional house cleaning and maid services with flat rate pricing and no contracts.
- Serves the entire Oklahoma City area, including Midwest City.
HomeMaidBetter
- Offers professional residential maid services with vetted and experienced cleaners.
- Provides 100% free quoting and a satisfaction guarantee.
Walmart House Cleaning Services
- Offers cleaning services for various parts of the home, including bathrooms, kitchens, and bedrooms.
- Available through Walmart Store 5863 in Midwest City.
Short-Term Rental Management Fees in Midwest City, Oklahoma
In Midwest City, Oklahoma, short-term rental management fees 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, which includes comprehensive services such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum. In contrast, basic services that may only include tenant screening and rent collection could cost less. Additionally, property owners may incur extra fees for services like cleaning, repairs, or design and staging of the property. Understanding these fee structures is crucial for landlords to manage their expenses effectively and ensure profitable rental operations.