Introduce
When it comes to investing in the Airbnb or short-term rental market, it’s essential to choose the right location. Osage Beach, MO, nestled in the heart of the Ozarks, is becoming an increasingly attractive destination for property investors. In this blog post, we will delve into the thriving short-term rental market in Osage Beach, exploring key data points, trends, and important information for anyone looking to invest in this picturesque lakeside community.
Real Estate Trends in Osage Beach
Home Value Appreciation
According to Zillow, the median home value in Osage Beach stands at an impressive $330,111. However, it’s worth noting that homes in this area have experienced a modest depreciation of 3.90% recently. While this might raise concerns for potential buyers, it can present a unique opportunity for those looking to invest in short-term rentals.
Short-Term Rental Market
890 active short-term rentals currently grace the shores of Osage Beach, making it a robust market for those interested in hosting Airbnb guests. Data from Chalet reveals that the average daily rate for these properties is $326.30, and the occupancy rate is at 45%. The annual revenue for short-term rentals in Osage Beach is approximately $41,400, resulting in an average gross yield of 12.54%.
Property Taxes
SmartAsset reports that the average property tax rate in Osage Beach is 1.32%. This relatively low tax rate can be a boon for property investors, contributing to higher returns on investment.
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Demographics and Climate
Median Household Income
The median household income in Osage Beach, MO, plays a crucial role in understanding the market’s potential. According to the latest available data, the median household income is around $47,569.
Climate
Osage Beach experiences a humid subtropical climate, characterized by hot summers and cold winters. This climate makes it an attractive year-round destination for visitors, contributing to the demand for short-term rentals.
Population
As of the last census, Osage Beach had a population of approximately 4,421 residents. However, this number can swell significantly during the tourist season.
Sports and Education
Sports Teams
While Osage Beach is not home to major professional sports teams, its proximity to major cities like St. Louis and Kansas City allows residents and visitors to enjoy sporting events in those areas.
Colleges
Osage Beach does not have any colleges or universities within its city limits. However, several educational institutions can be found in nearby towns and cities.
Safety and Tourism
Crime Rate
Osage Beach enjoys a relatively low crime rate, making it a safe and welcoming destination for tourists and short-term rental guests.
Tourism and Visitor Data
Osage Beach draws visitors primarily from nearby states, including Missouri, Kansas, and Illinois. The total number of annual visitors is estimated to be around 3 million, thanks to the city’s stunning Lake of the Ozarks and various tourist attractions.
Tourist Attractions
Some of the biggest tourist attractions in Osage Beach include the Lake of the Ozarks State Park, Miner Mike’s Adventure Town, and numerous water-based activities, such as boating and fishing.
Peak Season
The peak season in Osage Beach typically occurs during the summer months, from Memorial Day to Labor Day. During this time, short-term rentals see a significant increase in demand, resulting in higher occupancy rates and potential for increased revenue.
Conclusion
The short-term rental market in Osage Beach, MO, presents an exciting opportunity for property investors. With a strong tourism industry, favorable property tax rates, and a range of attractions, Osage Beach is poised for continued growth in the Airbnb and short-term rental sector. Whether you’re considering purchasing a property for investment or planning your next vacation, Osage Beach is a destination worth exploring.
