Despite an average occupancy rate of 37%, short-term rentals in Oneida, Tennessee, are generating notable revenue with a daily rate of $144 and monthly revenue of $14,120, indicating a stable and potentially lucrative market for investors.
Strong Performance in Oneida, Tennessee's Short-Term Rental Market
Despite broader industry trends, the short-term rental market in Oneida, Tennessee, is showing promising signs. According to recent data, short-term rentals in Oneida are maintaining a healthy occupancy rate of 37%, indicating a steady demand for vacation homes in the area. The average daily rate for these rentals stands at $144, which is competitive and attractive for both investors and travelers. This stability in occupancy and pricing suggests that Oneida remains a viable and appealing destination for short-term rentals, offering potential for continued growth and revenue in the local vacation rental market.
Short-Term Rental Regulations in Tennessee (Not Oneida, Tennessee, as Oneida is in Wisconsin)
Since the information provided does not pertain to Oneida, Tennessee (as Oneida is a county in Wisconsin), here are the general short-term rental regulations in Tennessee, which would apply to various cities within the state:
Statewide Regulations
- Definition of Short-Term Rental: A residential dwelling rented out fully or partially for a fee for less than 30 consecutive days.
- Liability Insurance: Maintain at least $500,000 in liability insurance unless provided by the marketplace.
- Safety Equipment: Ensure the presence of smoke alarms, fire sprinklers, and carbon monoxide alarms in every sleeping area.
- Parking: Provide adequate on-site parking.
- Minimum Stay: A minimum stay of 24 hours is required.
City-Specific Regulations
Chattanooga
- Zoning Restrictions: Properties in R-1 and R-2 Zones are subject to restrictions, while those in R-3 and R-4 Zones are not. New short-term rentals are prohibited in residential areas unless the owner resides there full-time.
- Permits: Require a short-term vacation rental certificate with an annual renewal fee of $250 for homestays and $500 for non-owner occupied rentals.
- Local Contact: Must have a local contact person available at all times via phone and able to reach the rental unit within 2 hours.
Knoxville
- Operating Permit: Need a short-term rental unit operating permit.
- Zoning Compliance: Must comply with local zoning laws.
Nashville
- Permit Categories: Two types of permits: owner-occupied (homestay) and non-owner occupied. Non-owner occupied permits are restricted to non-residential zoning areas.
- Zoning Areas: Allowed in zones such as C-2, C-3, C-4, UGC, CC, IX, RF, RV, and CX-Commercial.
General Compliance
- Business Licenses: Hold a valid city and county business license.
- Tax Compliance: Collect and remit room/hotel occupancy tax and pay sales taxes.
- Public Health and Safety: Local governing bodies can regulate based on public health and safety concerns.
Additional Notes
- Homeowners Associations: Can prohibit or restrict short-term rentals if such rules are in their governing documents.
- Violations: Violations can lead to the revoking of licenses/permits and penalties.
Top Neighborhoods for Airbnb Revenue in Oneida, Tennessee
1. Big South Fork National Park Area
- This area is highly appealing due to its direct access to horse and hiking trails, and its proximity to popular trailheads such as Bandy Creek, Leatherwood Ford, and Station Camp.
- Properties like the "Cozy Cabin w King, 8-Stall Barn" and "Lazy Days Wilderness Cabin" are favorites among guests, offering amenities like large barns, pastures, and enclosed hot tubs/pools.
2. Wilderness Resorts
- Located within a gated community, this area is attractive for its seclusion and natural beauty, bordering Big South Fork National Park.
- Cabins here, such as the "Cozy Cabin w King, 8-Stall Barn," offer spacious accommodations, equestrian facilities, and easy access to trails.
3. Downtown Oneida
- Guests are drawn to the charm of downtown Oneida, with rentals like the "In the heart of Downtown Oneida" townhouse, which is just 200 feet from Main Street.
- The convenience of being close to local amenities like Walmart Supercenter, McDonald's, and El Rey Azteca adds to its appeal.
4. Big Ridge Road Area
- This area is known for its picturesque views and tranquil setting, offering a perfect escape from city life.
- Cabins like the one on "Big Ridge Road" provide breathtaking sunset views and a serene environment, making it ideal for those seeking relaxation.
5. Strunk and Surrounding Areas
- Neighborhoods around Strunk are popular due to their central location between various recreational spots, including Brimstone Recreation and Big South Fork National Park.
- Properties such as the "Angel Falls Retreat" and "Ranger's Retreat cabin" are highly rated for their location, cleanliness, and amenities like horse barns and trail access.
These neighborhoods are highly appealing to guests due to their unique blend of natural beauty, recreational opportunities, and convenient access to local amenities.
Furnishing and Design Tips for an Inviting Airbnb in Oneida, Tennessee
Defining Your Aesthetic
- Align your property's aesthetic with the local market and price tier. Oneida's natural beauty and outdoor recreational opportunities suggest a rustic, yet modern and comfortable theme.
Measuring and Layout
- Measure your rooms to determine the best layout, ensuring ample space to move around and unobstructed natural light sources.
Furniture Selection
- Choose timeless, sturdy pieces that fit your theme. Opt for solid beds with easy-to-clean surfaces and consider storage beds for extra space.
- Select sofas with washable covers to ensure durability and ease of maintenance. A sofa bed can increase guest capacity and rental income.
- Use high-quality, durable towels in neutral colors that can be bleached, and provide ample storage for guests' toiletries and personal items.
Room-Specific Tips
Bedroom
- Use a mattress that is at least 8 inches thick, preferably a memory foam mattress for durability. Add a mattress cover for longevity.
- Include a full-length mirror and ensure a power socket is nearby for hair dryers and straighteners.
Living Room
- Invest in a durable dining table that can withstand wear and tear. Complement it with comfy, lightweight chairs that are easy to move around.
- Choose a sofa that is easy to clean and consider a sofa bed for additional guest capacity.
Kitchen
- Equip the kitchen with essentials like a coffee maker, microwave, toaster, and kettle. Add extras such as a blender and sharp knives.
- Ensure there is plenty of space for food storage, including a pantry or cupboards, and provide sealed containers for leftovers and dry goods.
Workspace
- Provide a sturdy desk and comfy chair for guests who need to work. Ensure good lighting and easy access to power outlets. High-speed internet is crucial for business travelers and digital nomads.
Storage and Organization
- Use smart storage solutions like beds with drawers, wall hooks, pegboards in the kitchen, and stackable containers to keep the space tidy.
- Offer guests a designated spot for their personal items, such as a luggage rack.
Accessibility and Safety
- Consider making your Airbnb accessible to guests with disabilities by adding features like ramps, wide doorways, and grab bars in bathrooms.
- Install smoke detectors, carbon monoxide detectors, and a first aid kit for safety.
Additional Touches
- Add plants to liven up the space and use mirrors to make the area feel bigger and brighter.
- Provide a hairdryer, basic toiletries, and a first-aid kit to enhance guest comfort.
Budgeting and Splurging
- Set a budget and prioritize spending on statement pieces such as sofas, coffee tables, and dining room tables that define the space.
- Balance budget-friendly options with a few splurges to create a cohesive and inviting atmosphere.
Discovering Oneida, Tennessee: Local Attractions and Insider Tips
Local Attractions
Outdoor Adventures
- Big South Fork National River and Recreation Area:
- Hike to the East Rim Overlook for stunning views of the river valley.
- Paddle the Big South Fork of the Cumberland River for a historic and scenic experience.
- Hike the challenging Honey Creek Loop trail, marked by dark green blazes.
- Backpack to Angel Falls Overlook, a 4.06-mile hike with a notable incline.
Natural Wonders
- Twin Arches State Natural Area:
- Explore the 1.5-acre area featuring two impressive geological formations known as the Twin Arches.
- Rock Creek Loop:
- A 6.76-mile loop trail that takes you by a river, offering scenic views and outdoor adventure.
Unique Experiences
- Possum Trot USA:
- Visit an old replica western town with a saloon, bunk house cabins, school/church house, shooting & archery range, and ATV and horse trails.
- Pickett State Park:
- Hike the Natural Bridge Loop, a short and scenic trail leading to a natural bridge.
- Explore the Hazard Cave and Natural Bridge Trail, a loop combining two major park attractions.
- Climb the Pickett State Fire Tower for a 360-degree view of the surrounding area.
- Stargaze at the Astronomy Field, an IDA-registered Dark Sky Park.
Other Attractions
- Triple Falls (Little Egypt):
- Hike to see cooling waterfalls in the summer and fall, and enjoy beautiful views year-round.
Insider Tips for Airbnb Hosts
Dining and Local Culture
- Recommend Local Eateries: Suggest places like Gather Coffee Lounge for a cozy coffee experience.
- Local Events: Inform guests about upcoming festivals and events in the area, such as spring and summer festivals.
Outdoor Preparation
- Trail Maps and Guides: Provide guests with maps and guides for the various hiking trails in Big South Fork National River and Recreation Area and Pickett State Park.
- Equipment Rentals: Offer information on where to rent kayaks, ATVs, or horses for guests interested in outdoor activities.
Safety and Comfort
- Weather Tips: Advise guests on the local climate and weather conditions, especially during peak hiking seasons.
- Safety Gear: Suggest bringing necessary safety gear such as hiking boots, water, and sun protection.
Local Knowledge
- Historical Context: Share the history of Oneida, including its naming after Oneida, New York, and its development by railroad executives.
- Community Resources: Provide information on local newspapers like The Independent Herald and radio stations like Hive 105, WBNT-FM.
By sharing these attractions and insider tips, you can enhance your guests' experience and make their stay in Oneida, Tennessee, memorable and enjoyable.
Practical Tips to Run a Successful Short-Term Rental Business in Oneida, Tennessee
To ensure a smooth and successful short-term rental business in Oneida, Tennessee, several practical tips can make a significant difference. First, it is crucial to address noise regulations by informing guests about quiet hours through clear communication in your listing and a digital or physical house manual. This manual should also include essential instructions, Wi-Fi passwords, and other pertinent details to enhance the guest experience.
A simplified check-in process can greatly reduce stress for both you and your guests. Utilizing smart locks eliminates the need for physical key exchanges and allows for contactless entry. Additionally, provide detailed parking instructions accompanied by photos to help guests navigate the property easily.
By implementing these measures, you can ensure a welcoming and hassle-free environment for your guests, leading to positive reviews and repeat bookings. This attention to detail will not only comply with local regulations but also enhance the overall guest experience, making your short-term rental business in Oneida, Tennessee, a success.
Here is a brief list of house cleaning providers in Oneida, Tennessee:
House Cleaning Services in Oneida, TN
Sparkling and Beyond
- A professional cleaning company based in Oneida, TN, using state-of-the-art equipment and with years of experience in the industry.
Homeaglow
- Offers professional, affordable, and background-checked house cleaners. You can book your first 3-hour clean starting from $19.
Walmart House Cleaning Services
- Provides cleaning services for bathrooms, kitchens, bedrooms, and more. Contact them at 833-600-0406 or visit in person at Store 583.
Top-Rated Cleaning Services on HomeAdvisor
- A list of top-rated cleaning services in Oneida, TN, with real reviews and ratings to help you choose the right professional.
Angie's List House Cleaners
- A list of the top 10 best house cleaners in Oneida, TN, with real reviews and ratings.
Short-Term Rental Management Fees in Oneida, Tennessee: A Guide to Costs and Services
In Oneida, Tennessee, 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 tasks such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum. This extensive support ensures that all aspects of the rental property are managed professionally, but it comes at a higher cost. On the other hand, basic services that may only include leasing and minimal management can be less expensive. Additionally, property owners may incur extra fees for services like cleaning, repairs, and design, which can further impact the overall cost of managing a short-term rental property in Oneida.