Airbnb & VRBO Performance in Oxford Alabama.

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Oxford, Alabama: Airbnb & VRBO Vacation Rental Market Overview

In Oxford, Alabama, short-term rentals are performing well, with an average occupancy rate of 51%, a daily rate of $118, and a monthly revenue of $11,244, indicating a strong and lucrative market for hosts.

Market overview

Thriving Short-Term Rental Market in Oxford, Alabama

Oxford, Alabama is experiencing a robust short-term rental market, driven by strong demand and favorable conditions. According to recent data, short-term rentals in Oxford are boasting an impressive 51% occupancy rate, indicating a high level of attractiveness to travelers. The average daily rate for these rentals stands at $118, contributing to a substantial monthly revenue of $11,244. This performance highlights Oxford's appeal as a desirable destination, making it an excellent opportunity for property owners and investors to capitalize on the growing demand for unique and convenient accommodations.

Short Term Regulations

Short-Term Rental Regulations in Oxford, Alabama for 2024

Overview of Regulations

The City of Oxford has implemented several regulations to govern short-term rental properties within its limits. Here are the key regulations:

Licensing and Permits

  • Short-term rental properties must obtain a business license.

Zoning Restrictions

  • Properties operating in residential districts cannot be within 1,500 linear feet of another short-term rental property.

Occupancy and Parking

  • Occupancy of a rental is limited to the number of available parking spaces, with adequate parking provided for every two adults.

Minimum Rental Period

  • Properties cannot be rented for a period of fewer than 24 hours.

Safety Requirements

  • Properties must pass inspections with the fire department and have emergency contact information and safety plans posted at the building.
  • A million dollars of liability and personal injury insurance is required.

Taxation

  • Short-term rentals are subject to the city's 8% rental lodging tax, similar to hotels in the area.

Compliance and Enforcement

  • Fines ranging from $100 to $500 will be given to owners who do not comply with the ordinance.

Prohibited Uses

  • Short-term rentals cannot be used for weddings, parties, concerts, or similar events.

Community Considerations

  • The regulations aim to respect residents by ensuring that short-term rentals do not disrupt neighborhood comfort and safety.

Review and Approval

  • The ordinance will be reviewed by the city's planning and zoning commission before being sent back to the council for a vote.
Neighborhood Performance

Top Neighborhoods for Airbnb Revenue in Oxford, Alabama

While specific neighborhood data for Oxford, Alabama, is not extensively detailed in the sources, we can infer the appeal and potential revenue-generating areas based on the popularity and amenities of vacation rentals in the region.

General Appeal of Oxford

Oxford, Alabama, is attractive to guests due to its:- Proximity to the University of Alabama, making it a hub for educational and cultural activities.- Accessibility to local attractions such as Cheaha Mountain, Choccolocco Park, Oxford Exchange mall, and the Talladega Superspeedway.- Availability of family-friendly and well-equipped vacation rentals with amenities like WiFi, kitchens, free parking, and air conditioning.

Potential High-Revenue Neighborhoods

1. Residential Neighborhoods Near Cheaha Mountain

These areas are highly rated for their quiet, residential settings and proximity to Cheaha Mountain. Homes like "The Merimac House" and "The Glen Davis Place" are examples of popular rentals, offering fully furnished homes with amenities such as WiFi, family games, and large fenced yards.

2. Areas Around Choccolocco Park and Oxford Exchange

Neighborhoods close to Choccolocco Park and the Oxford Exchange mall are appealing due to their convenience and access to outdoor shopping and recreational activities. These areas are likely to attract families and travelers seeking a balanced stay.

3. University of Alabama Vicinity

Properties near the University of Alabama benefit from the constant demand for short-term rentals from students, faculty, and visitors. Tailoring rentals to cater to this demographic with study-friendly spaces and local insights can enhance revenue.

Why They Are Appealing

  • Location: Proximity to key attractions and the university makes these neighborhoods highly desirable.
  • Amenities: The availability of fully furnished homes with modern amenities such as WiFi, kitchens, and air conditioning enhances the guest experience.
  • Family-Friendly: Many rentals are designed to be family-friendly, including high chairs, travel cribs, and other family-oriented amenities.
  • Consistent Demand: The presence of the university and local attractions ensures a steady stream of guests throughout the year.

While specific neighborhood names are not provided, these general areas are likely to generate significant Airbnb revenue due to their appeal and the demand from various types of travelers.

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Design Tips

Furnishing and Design Tips for an Inviting Airbnb in Oxford, Alabama

Furniture Considerations

1. Choose Sturdy, High-Quality Items

Opt for solid wood over particle board and select furniture with easy-to-open drawers and stable frames. Avoid cheap, flimsy pieces that may not withstand frequent use.

2. Prioritize Easy-to-Clean Furniture

Select furniture that is easy to clean and maintain. For upholstered items like sofas, consider using ScotchGuard and have a reliable cleaning tool, such as the Bissel Little Green, on hand. Prefer leather or wipeable surfaces when possible.

3. Ensure Functionality and Purpose

Each piece of furniture should serve a purpose and be useful to guests. Avoid unnecessary decor and focus on multi-use furniture that maximizes space and functionality.

Layout and Space Optimization

4. Measure and Plan Your Space

Measure your rooms carefully to ensure the best layout. Avoid blocking natural light sources and leave ample space for guests to move around. Use mirrors to make the space feel bigger and brighter.

5. Utilize Smart Storage

Incorporate beds with drawers, wall hooks, pegboards, and stackable containers to keep the space tidy and organized. Provide designated spots for guests' personal items, such as luggage racks.

Design and Aesthetic

6. Reflect the Local Style

Define your property's aesthetic based on Oxford, Alabama's unique style. Choose furniture and decor that reflect the local culture and charm. Use wall art, rugs, and plants to add warmth and personality to the space.

7. Stick to a Theme

Maintain a consistent theme throughout the property to create a cohesive and inviting atmosphere. Opt for timeless, sturdy pieces that align with your chosen theme.

Guest Comfort and Convenience

8. Provide Essential Amenities

Ensure each room has essential amenities such as high-quality towels, basic toiletries, a hairdryer, and a first-aid kit. Include storage for guests' toiletries and personal items.

9. Optimize Bedrooms

Use blackout curtains, high-quality dressers, and mirrors that double as getting-ready areas. Avoid unnecessary decor and ensure all items serve a purpose.

10. Enhance Outdoor Areas

Optimize outdoor spaces by adding functional and inviting elements such as seating areas, lighting, and decorative plants. This can significantly enhance the guest experience.

Safety and Accessibility

11. Ensure Safety

Mount TVs and large mirrors securely to the wall to prevent accidents. Consider making your Airbnb accessible to guests with disabilities by incorporating features like ramps and grab bars in bathrooms.

Maintenance and Updates

12. Plan Updates Strategically

Update your furniture during the off-season or between bookings to minimize disruption. Involve your cleaning crew in the process to ensure they are aware of any new furniture or layout changes.

By following these tips, you can create an inviting and functional Airbnb space in Oxford, Alabama, that reflects the city's unique charm and meets the needs of your guests.

Insider Tips

Discovering Oxford, Alabama: Local Attractions and Insider Tips for Your Guests

Local Attractions

Outdoor Activities

  • Choccolocco Park: A historic park with an interpretive trail, sports grounds, and a lake. It's perfect for hiking, biking, and learning about the area's history.
  • Oxford Lake: Offers walking trails, picnic pavilions, children’s playgrounds, and the historic Coldwater Covered Bridge.
  • Cheaha State Park: Located nearby, it features the highest point in Alabama, hiking trails, and a dog park.
  • Salt Creek Falls: A picturesque waterfall with hiking trails, picnic areas, and a swimming pool, 25 miles southwest of Oxford.

Cultural and Entertainment Venues

  • Oxford Performing Arts Center: Hosts live music concerts, theater shows, and Broadway musicals. Book tickets in advance as it is a popular venue.
  • J C Morgan Art Gallery: An eclectic gallery showcasing local artists' work, including hand-blown glass ornaments, jewelry, and paintings.
  • White Oak Vineyards: Sample local wines, including the Southern Oak Wines label, and take a tour of the vineyard.

Family-Friendly Fun

  • Big Time Entertainment: Offers bowling, adventure golf, laser tag, go-carts, and an arcade.
  • AMSTAR CINEMA: A movie theater with recliners and food and drink options.

Historical and Educational Sites

  • Anniston Museums and Gardens: Includes the Museum of Natural History, Berman Museum, and Longleaf Botanical Gardens.
  • Freedom Rider National Monument & Civil Rights Trail: A significant historical site with educational value.

Insider Tips

Annual Events

  • Market on Main: A local artisan and craft vendor market on the third Saturday from May to September.
  • Second Friday on Main: Features food trucks, live music, and a car show on the second Friday from May to September.
  • Freedom Festival: Celebrate the 4th of July with family activities and a fireworks show at Oxford Lake.
  • OxfordFest: Vendors, live music, food, and children’s activities on the first Saturday in October.
  • Festival of Lights: A drive-through Christmas light show and walk-through Santa’s Village from mid-November to December 24th.

Trails and Paths

  • Chief Ladiga Trail: A walk and bike path that extends from Anniston to the Alabama/Georgia state line.
  • Coldwater Mountain Bike Trail: Located near Anniston, offering challenging mountain bike trails.
  • Alabama Birding Trail: Part of Choccolocco Park, ideal for bird watching year-round.

Dining and Shopping

  • Historic Main Street Oxford: Explore local shops, restaurants, and parks in the heart of downtown.
  • Local Restaurants: Enjoy a mix of national brand restaurants and authentic ethnic eats, as well as baked goods and local favorites.

Additional Tips

  • Visitor Guide: Download the Visitor Guide Book from the City of Oxford’s website for comprehensive information on attractions and events.
  • City Helpline: Call 256-241-4311 for any questions or assistance during your stay.

By sharing these attractions and insider tips, you can ensure your guests have a memorable and enjoyable experience in Oxford, Alabama.

Practical Tips

Practical Tips to Run a Successful Short Term Rental Business in Oxford, Alabama

To ensure the success of a short-term rental business in Oxford, Alabama, several practical tips can be implemented:

Noise Regulations and Guest Communication

Inform guests about quiet hours and noise regulations to maintain a respectful environment for neighbors. This can be included in a digital and physical house manual, which should also outline other important rules and regulations to avoid any misunderstandings.

Comprehensive House Manual

Create a detailed house manual that includes essential instructions, Wi-Fi passwords, and other pertinent information. This manual should be both digital, accessible through a shared link or app, and physical, placed in a convenient location within the property.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide clear instructions on how to use the smart locks, along with photos and videos to ensure a smooth arrival experience.

Parking Instructions

Include detailed parking instructions with photos in the house manual to help guests understand where and how to park. This is particularly important in Oxford, where occupancy is limited to the number of available parking spaces, as per the city's ordinance.

By following these tips, you can enhance the guest experience, reduce potential issues, and ensure compliance with local regulations, ultimately contributing to the success of your short-term rental business in Oxford, Alabama.

Local Vendors

Here is a brief list of house cleaning providers in Oxford, Alabama:

House Cleaning Services in Oxford, AL

MaidPro

  • Offers weekly, bi-weekly, or one-time house cleaning services tailored to your needs.

Apple Cleaning Services

  • Over 12 years of experience in the cleaning and maid business, fully insured, and serving over 40 satisfied clients.

Tabby's Spotlessly Clean

  • Provides professional house cleaning and janitorial services, offering free estimates.

Various Providers Listed on Angie's List

  • A list of top-rated house cleaners in Oxford, AL, with real reviews and ratings.

Care.com House Cleaning Services

  • Offers a list of affordable house cleaning options, starting at $17.00/hr, with reviews and ratings.
Management fees

Short-Term Rental Management Fees in Oxford, Alabama: A Comprehensive Overview

In Oxford, Alabama, 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 companies, which handle guest communication, marketing, and maintenance, usually charge on the higher end of this spectrum, often between 20% to 30% of the rental income.

In contrast, basic services that may only include listing and booking management might be more affordable, falling on the lower end of the range. Additionally, property owners should be aware of potential extra fees for services such as cleaning, repairs, or design enhancements, which can further impact the overall cost of managing a short-term rental property. Understanding these fee structures is crucial for property owners to maximize their revenue and ensure the successful operation of their short-term rentals.

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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 Oxford should generate as a short term rental and look at the performance of properties around yours.

35,000+ Properties
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Furnishing checklist

This comprehensive checklist ensures that your rental is guest-ready with all the essentials to create a comfortable and memorable experience in Oxford.

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)
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⇤ Airbnb Statistics for Alabama