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Study shows fast local vacation rental growth

The number of Short Term Rentals within the Wimberley Valley are increasing at one of the fastest paces of any vacation rental market in the United States, according to AllThe-Rooms, which bills itself as the “world’s first vacation rental search engine.”

AllTheRooms, which has partnered with Netflix to produce a vacation rental documentary series, recently completed a study on the fastest-growing vacation rental markets in the United States.

While the study purports to show the amount of vacation rentals in a given area, it is actually based on the amount of vacation rentals advertised on certain online platforms. The study looked at the number of vacation rentals available on websites like Airbnb and VRBO over the last 12 months. To be clear, while these numbers should include the amount of Short Term Rentals within the city of Wimberley, the study area is much larger than just the city limits. As of May 2019, there were 360 vacation rentals found by AllThe-Rooms in the Wimberley Valley, though the area researched included Fischer and portions of Driftwood.

The 360 rentals as of May 2019 was a 42.86 percent increase over the last 12 months making the Wimberley Valley ranked as the 171st fastest growing vacation rental markets in the United States.

The study also stated that the average room rate was $285 per night and that the rooms were filled on 45.3 percent of the time. The study says that these rental facilities took in more than $14 million of gross revenue during the 12-month period.

“Besides growing demand from travelers for vacation rentals, another factor that probably contributed to the growth in vacation rental supply was the continued drop in mortgage rates in 2019, which improves the potential returns for investors in buyto-rent properties,” a press release from AllTheRooms said.

Other Hill Country towns also made the list. New Braunfels was ranked 246th in the nation as far as fastest growing vacation rental markets over the last 12 months. Fredericksburg was ranked 284th and Dripping Spring was ranked 58th.

Wimberley View

P.O. Box 49
Wimberley, TX 78676
Phone: 512-847-2202
Fax: 512-847-9054