Lexington Airbnb / Short Term Rental Regulations

Lexington Airbnb & Short-Term Rental Regulations are important to any investor or host thinking about starting a short-term rental property. We've pulled together data and information from government and other sources to make it easier for you to not just see the regulation and ordinances on short-term rentals, but also get an overview of the short-term rental activity and potential, real estate prices and trends, and population size and growth.

oVERVIEW
Basic City Demographics
Population Size
323780
Population Trend
9.46
%
Type
Urban
Airbnb / Short Term Rental Regulation Summary

A. During any given week a home/room can only be rented for one booking. This means that over the course of a year the maximum number of bookings is 52. B. Anyroomorportionofadwellingthatisrentedcannotfunctionasa second dwelling unit on the property, which means that living areas and kitchen facilities must be shared among all of the occupants. C. In general, there is a limit of four unrelated (meaning non-family) individuals that can occupy a single dwelling unit. This limit includes renters and any other occupants of the dwelling.

See Regulation Source
Is Airbnb / Short Term Rental Legal for Non-Owner Occupied Property?

Yes

BuildYourBnb Market Rating
Neutral
Data Source: Wikipedia, Rented.com, Local government websites
aIRBNB / shORT tERM rENTAL DATA
Basic Airbnb / Short Term Rental Market Data
No. of STR Listings
720
Average Daily Rate
$
119
Average Occupancy Rate
58
%
Average Monthly Revenue
$
1640
Data Source: AirDNA.co
Real Estate Market Data
Real Estate Market Data
Median Sale
Price Index
$
178200
4-Bed Median Rental
Price Index
$
1510
Appreciation Over
Last 12 Months
0.14
%
Appreciation Over
Last 2 Years
6.66
%
Appreciation Over
Last 5 Years
23.25
%
Average Market
Rent
$
1216
Data Source: Zillow, NeibourhoodScout.com

The information on this page is an overview of this particular market and was organized by BuildYourBnb.com based on the 2020 data.

- To get the most updated database and information, check out and explore a comprehensive Where To Invest - 2021 US Short-Term Rentals Database. We researched 320+ U.S. cities with a population of over 100,000 people, as well as 100+ top U.S. vacation markets to help quickly distill information, understand where the opportunities to invest into short-term rentals may be and compare markets easily side-by-side.

- Talk to a short-term rental expert. We host over 10,000 guests in various markets around the U.S. and can provide custom feedback and analysis of any individual market. Book a consultation call with us and we'll be happy to address any questions you may have!

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