Miramar Beach, FL, is a popular tourist destination located in the northwest region of the Sunshine State, known for its white sand beaches and crystal-clear waters of the Gulf of Mexico. The town has become a hub for Airbnb rental properties, offering investors a profitable investment opportunity.
In this guide, we will explore the short-term (Airbnb) rental market in Miramar Beach, FL, and provide insights on the median home value, short-term rental revenue, occupancy rates, and other relevant data points.
Median Home Value and Appreciation
According to Zillow, the median home value in Miramar Beach, FL, is $701,882. Homes in Miramar Beach, FL, appreciated -2.80% over the past year, which is higher than the national average. This appreciation in value suggests a strong real estate market, making Miramar Beach, FL, a lucrative location for property investors.
Short-term Rental Market in Miramar Beach, FL
The short-term rental market in Miramar Beach, FL, is thriving, with a total of 7389 active Airbnb rentals, as reported by Chalet. The average daily rate for Airbnb rentals is $377.80, and the occupancy rate is 60%, generating an annual revenue of $67,500.
The average gross yield in Miramar Beach, FL, is 9.62%, indicating a profitable short-term (Airbnb) rental market.
Investor-friendly Regulations
Airbnb rental regulation in Miramar Beach, FL, is investor-friendly, making it a favorable location for property investors. The town’s regulations do not impose a limit on the number of days a property can be rented, allowing property owners to maximize their rental income.
Additionally, Miramar Beach, FL, does not require short-term rental operators to obtain a license or permit, making it easier for investors to enter the market.
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Other Relevant Data Points
According to SmartAsset, the average property tax rate in Miramar Beach, FL, is 0.60%, which is relatively low compared to other towns in Florida. The town’s low property tax rate is another attractive feature for investors.
What is the median household income in Miramar Beach, FL?
The median household income in Miramar Beach, FL, is $68,663, according to Data USA.
What is the climate of Miramar Beach, FL?
Miramar Beach, FL, has a humid subtropical climate, characterized by hot summers and mild winters. The average temperature in July, the warmest month, is around 89°F, while the average temperature in January, the coldest month, is around 46°F.
What is the population size of Miramar Beach, FL?
According to Data USA, the estimated population of Miramar Beach, FL, is 8,724.
What is the crime rate in Miramar Beach, FL?
According to NeighborhoodScout, Miramar Beach, FL, has a crime rate that is lower than the national average. The town’s crime rate is 25 crimes per 1,000 residents, making it safer than 49% of other cities in the United States.
Where are the visitors coming from to Miramar Beach, FL?
According to Visit South Walton, visitors to Miramar Beach, FL come from various locations, including nearby states like Alabama, Georgia, and Louisiana, as well as other parts of the United States. International visitors also make their way to Miramar Beach, FL, with Canada and the United Kingdom being among the top countries of origin.
What is the total number of visitors to Miramar Beach, FL?
According to Visit South Walton, Miramar Beach, FL, attracts over 4 million visitors annually, making it a popular destination for tourism.
What are the biggest tourist attractions in Miramar Beach, FL?
Miramar Beach, FL, is known for its beautiful white sand beaches, which are a significant attraction for tourists. Additionally, the town offers numerous recreational activities, including water sports, fishing, golfing, and hiking. Miramar Beach, FL, also boasts a vibrant shopping scene, with many retail stores, outlets, and boutiques. Another major attraction in Miramar Beach, FL, is the Emerald Coast Convention Center, which hosts various events throughout the year.
When is the peak season in Miramar Beach, FL?
The peak season in Miramar Beach, FL, is during the summer months, from June to August. The warm weather and school vacations make it an ideal time for families to travel and enjoy the beach. However, the town also experiences a high volume of visitors during the spring break season, from March to April, and the winter holiday season, from December to January.
Conclusion
The short-term rental market in Miramar Beach, FL, offers investors a lucrative investment opportunity, with a high occupancy rate and an average daily rate of $377.80. The town’s investor-friendly regulations and low property tax rates make it an attractive location for property investors.
Additionally, Miramar Beach, FL, attracts over 4 million visitors annually, with its beautiful beaches, recreational activities, and shopping destinations. Overall, the short-term rental market in Miramar Beach, FL, is a thriving industry that shows no signs of slowing down.
