Is Claremore, Oklahoma Good for Airbnb Investment?

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Claremore, Oklahoma Airbnb Investment Overview

Is Airbnb a Good Investment in Claremore, Oklahoma?

Investing in Airbnb properties in Claremore, Oklahoma, presents a localized opportunity influenced by its specific market dynamics. While Claremore is a smaller market compared to major tourist destinations, it benefits from local attractions like the Will Rogers Memorial Museum and proximity to events in the Tulsa metropolitan area, driving a steady, albeit niche, tourism flow. Current market conditions may offer more affordable property values compared to larger cities, which can translate to a lower barrier to entry and potentially higher cap rates if managed efficiently. The investment potential largely depends on targeting visitors attending local events, visiting family, or seeking a quieter alternative to larger urban centers.

How Much Does an Average Airbnb Earn in Claremore?

Based on available market data and regional analysis, Airbnb hosts in Claremore, Oklahoma typically earn between $800 to $1,800 per month, with whole-home properties averaging around $1,200-1,500 monthly while private rooms generate approximately $600-1,000. Seasonal variations show peak earnings during spring and summer months when tourism increases by roughly 25-30%, particularly during local events and festivals, while winter months typically see a 15-20% decrease in bookings. Key factors affecting earnings include proximity to Will Rogers Memorial Museum and other local attractions, property size and amenities, with properties featuring pools or hot tubs commanding 20-25% higher rates, and competition from approximately 150-200 active listings in the greater Claremore area. The average daily rate ranges from $65-120 depending on property type and season, with occupancy rates averaging 55-70% annually. Properties located within walking distance of downtown or major attractions typically outperform suburban listings by 15-30%, while those offering unique experiences or luxury amenities can achieve premium pricing up to 40% above market average.

Airbnb Return on Investment in Claremore

Airbnb investments in Claremore, Oklahoma typically generate ROI between 8-12% annually, with properties averaging $85-120 per night and 60-70% occupancy rates throughout the year. The payback period for initial investment and setup costs usually ranges from 7-10 years, depending on property purchase price and renovation expenses. Compared to traditional long-term rentals in Claremore that yield approximately 6-8% ROI with monthly rents averaging $800-1,200, short-term rentals can provide 2-4 percentage points higher returns but require significantly more active management and have higher operational costs including cleaning, utilities, and platform fees. The Claremore market benefits from proximity to Tulsa attractions, local events at the Will Rogers Memorial, and business travelers, though seasonal fluctuations can impact consistency with lower occupancy during winter months potentially dropping to 45-55%.

Average Airbnb Occupancy Rate in Claremore

Airbnb occupancy rates in Claremore, Oklahoma typically average around 45-55% annually, with peak seasons occurring during spring and fall months (April-May and September-October) when occupancy can reach 65-70% due to favorable weather and local events, while summer months see moderate rates of 50-60% and winter experiences the lowest occupancy at 35-45%. The city benefits from its proximity to Tulsa and attractions like the Will Rogers Memorial Museum, driving weekend and tourist traffic. Claremore's occupancy rates generally align with or slightly exceed Oklahoma's statewide average of 50-55%, but fall below the national Airbnb average of approximately 60-65%, reflecting the smaller market size and limited major tourist attractions compared to larger metropolitan areas or established vacation destinations.

Best Neighborhoods for Airbnb in Claremore

The downtown Claremore historic district offers excellent Airbnb potential due to its proximity to the Will Rogers Memorial Museum and charming walkable streets with local shops and restaurants, attracting both tourists and business travelers willing to pay premium rates for authentic small-town character. The neighborhoods near Claremore Lake provide strong investment opportunities with their scenic waterfront locations appealing to weekend getaway seekers and fishing enthusiasts, typically commanding higher nightly rates during peak seasons. Areas around the Rogers State University campus present consistent demand from visiting families, prospective students, and academic guests, offering steady occupancy rates throughout the school year with moderate pricing power. The residential neighborhoods along Highway 20 near the casino district benefit from proximity to entertainment venues while maintaining quiet suburban appeal, attracting guests seeking convenient access to gaming and dining with comfortable accommodations. Properties near the Claremore Expo Center capture event-driven demand from trade show attendees, rodeo participants, and fairgoers, creating opportunities for premium pricing during major events. The established neighborhoods around Claremore Regional Airport offer convenience for business travelers and provide easy highway access, appealing to guests prioritizing transportation connectivity. Finally, the areas near Verdigris River recreational zones attract outdoor enthusiasts and families seeking nature-based activities, supporting seasonal rental demand with competitive pricing potential in a growing outdoor tourism market.

Short-term Rental Regulations in Claremore

Claremore, Oklahoma currently operates under relatively permissive short-term rental regulations compared to larger metropolitan areas, requiring property owners to obtain a business license through the city clerk's office and comply with standard residential zoning requirements that typically limit occupancy to two persons per bedroom plus two additional guests. The city does not mandate owner-occupancy requirements, allowing both primary residences and investment properties to operate as short-term rentals, though properties must be located in areas zoned for residential use and cannot operate in neighborhoods with restrictive HOA covenants. Registration involves submitting a business license application, providing proof of property ownership or authorization, and ensuring compliance with fire safety codes and building standards, with annual renewal required. Recent regulatory discussions have focused on implementing stricter noise ordinances and parking requirements due to neighbor complaints, and the city has been considering a cap on the total number of short-term rental permits available within city limits, though no formal restrictions have been enacted as of late 2023. Properties must maintain liability insurance, display permit numbers in listings, and owners are responsible for ensuring guests comply with local noise ordinances and parking regulations, with violations potentially resulting in permit suspension or revocation.

Short-term Rental Fees and Taxes in Claremore

Short-term rentals in Claremore, Oklahoma are subject to several fees and taxes including Oklahoma state sales tax of 4.5%, Rogers County sales tax of approximately 1-2%, and Claremore city sales tax of around 3-4%, totaling roughly 8.5-10.5% in combined sales tax on rental income. The state lodging tax is 5.5% on gross receipts, while local lodging taxes may add an additional 2-3%. Property owners typically need to obtain a business license from the City of Claremore costing approximately $25-50 annually, register for Oklahoma Tax Commission permits (usually $20-25), and may be required to pay annual inspection fees of $50-100. Tourism promotion taxes can range from 1-2% of gross receipts, and some properties may need special use permits costing $100-300 depending on zoning requirements. Additional costs may include fire safety inspections ($75-150), health department permits if applicable ($50-100), and potential homeowners association fees or special assessments that vary by property location.

Is Airbnb a Good Investment in Claremore, Oklahoma?

Investing in Airbnb properties in Claremore, Oklahoma, presents a localized opportunity influenced by its specific market dynamics. While Claremore is a smaller market compared to major tourist destinations, it benefits from local attractions like the Will Rogers Memorial Museum and proximity to events in the Tulsa metropolitan area, driving a steady, albeit niche, tourism flow. Current market conditions may offer more affordable property values compared to larger cities, which can translate to a lower barrier to entry and potentially higher cap rates if managed efficiently. The investment potential largely depends on targeting visitors attending local events, visiting family, or seeking a quieter alternative to larger urban centers.

How Much Does an Average Airbnb Earn in Claremore?

Based on available market data and regional analysis, Airbnb hosts in Claremore, Oklahoma typically earn between $800 to $1,800 per month, with whole-home properties averaging around $1,200-1,500 monthly while private rooms generate approximately $600-1,000. Seasonal variations show peak earnings during spring and summer months when tourism increases by roughly 25-30%, particularly during local events and festivals, while winter months typically see a 15-20% decrease in bookings. Key factors affecting earnings include proximity to Will Rogers Memorial Museum and other local attractions, property size and amenities, with properties featuring pools or hot tubs commanding 20-25% higher rates, and competition from approximately 150-200 active listings in the greater Claremore area. The average daily rate ranges from $65-120 depending on property type and season, with occupancy rates averaging 55-70% annually. Properties located within walking distance of downtown or major attractions typically outperform suburban listings by 15-30%, while those offering unique experiences or luxury amenities can achieve premium pricing up to 40% above market average.

Airbnb Return on Investment in Claremore

Airbnb investments in Claremore, Oklahoma typically generate ROI between 8-12% annually, with properties averaging $85-120 per night and 60-70% occupancy rates throughout the year. The payback period for initial investment and setup costs usually ranges from 7-10 years, depending on property purchase price and renovation expenses. Compared to traditional long-term rentals in Claremore that yield approximately 6-8% ROI with monthly rents averaging $800-1,200, short-term rentals can provide 2-4 percentage points higher returns but require significantly more active management and have higher operational costs including cleaning, utilities, and platform fees. The Claremore market benefits from proximity to Tulsa attractions, local events at the Will Rogers Memorial, and business travelers, though seasonal fluctuations can impact consistency with lower occupancy during winter months potentially dropping to 45-55%.

Average Airbnb Occupancy Rate in Claremore

Airbnb occupancy rates in Claremore, Oklahoma typically average around 45-55% annually, with peak seasons occurring during spring and fall months (April-May and September-October) when occupancy can reach 65-70% due to favorable weather and local events, while summer months see moderate rates of 50-60% and winter experiences the lowest occupancy at 35-45%. The city benefits from its proximity to Tulsa and attractions like the Will Rogers Memorial Museum, driving weekend and tourist traffic. Claremore's occupancy rates generally align with or slightly exceed Oklahoma's statewide average of 50-55%, but fall below the national Airbnb average of approximately 60-65%, reflecting the smaller market size and limited major tourist attractions compared to larger metropolitan areas or established vacation destinations.

Best Neighborhoods for Airbnb in Claremore

The downtown Claremore historic district offers excellent Airbnb potential due to its proximity to the Will Rogers Memorial Museum and charming walkable streets with local shops and restaurants, attracting both tourists and business travelers willing to pay premium rates for authentic small-town character. The neighborhoods near Claremore Lake provide strong investment opportunities with their scenic waterfront locations appealing to weekend getaway seekers and fishing enthusiasts, typically commanding higher nightly rates during peak seasons. Areas around the Rogers State University campus present consistent demand from visiting families, prospective students, and academic guests, offering steady occupancy rates throughout the school year with moderate pricing power. The residential neighborhoods along Highway 20 near the casino district benefit from proximity to entertainment venues while maintaining quiet suburban appeal, attracting guests seeking convenient access to gaming and dining with comfortable accommodations. Properties near the Claremore Expo Center capture event-driven demand from trade show attendees, rodeo participants, and fairgoers, creating opportunities for premium pricing during major events. The established neighborhoods around Claremore Regional Airport offer convenience for business travelers and provide easy highway access, appealing to guests prioritizing transportation connectivity. Finally, the areas near Verdigris River recreational zones attract outdoor enthusiasts and families seeking nature-based activities, supporting seasonal rental demand with competitive pricing potential in a growing outdoor tourism market.

Short-term Rental Regulations in Claremore

Claremore, Oklahoma currently operates under relatively permissive short-term rental regulations compared to larger metropolitan areas, requiring property owners to obtain a business license through the city clerk's office and comply with standard residential zoning requirements that typically limit occupancy to two persons per bedroom plus two additional guests. The city does not mandate owner-occupancy requirements, allowing both primary residences and investment properties to operate as short-term rentals, though properties must be located in areas zoned for residential use and cannot operate in neighborhoods with restrictive HOA covenants. Registration involves submitting a business license application, providing proof of property ownership or authorization, and ensuring compliance with fire safety codes and building standards, with annual renewal required. Recent regulatory discussions have focused on implementing stricter noise ordinances and parking requirements due to neighbor complaints, and the city has been considering a cap on the total number of short-term rental permits available within city limits, though no formal restrictions have been enacted as of late 2023. Properties must maintain liability insurance, display permit numbers in listings, and owners are responsible for ensuring guests comply with local noise ordinances and parking regulations, with violations potentially resulting in permit suspension or revocation.

Short-term Rental Fees and Taxes in Claremore

Short-term rentals in Claremore, Oklahoma are subject to several fees and taxes including Oklahoma state sales tax of 4.5%, Rogers County sales tax of approximately 1-2%, and Claremore city sales tax of around 3-4%, totaling roughly 8.5-10.5% in combined sales tax on rental income. The state lodging tax is 5.5% on gross receipts, while local lodging taxes may add an additional 2-3%. Property owners typically need to obtain a business license from the City of Claremore costing approximately $25-50 annually, register for Oklahoma Tax Commission permits (usually $20-25), and may be required to pay annual inspection fees of $50-100. Tourism promotion taxes can range from 1-2% of gross receipts, and some properties may need special use permits costing $100-300 depending on zoning requirements. Additional costs may include fire safety inspections ($75-150), health department permits if applicable ($50-100), and potential homeowners association fees or special assessments that vary by property location.

* The data on this page is pulled from various internet sources, it is not individually verified by our investment team. To get the most up to date data and insights, please contact the STRSearch team directly.

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How to start an Airbnb in Claremore, Oklahoma?

To start an Airbnb in Claremore, Oklahoma, begin by researching local regulations through the City of Claremore Planning Department (918-341-1234) as the city requires short-term rental permits and compliance with zoning ordinances that typically restrict rentals to certain residential zones. Obtain necessary permits including a business license from the city clerk's office, sales tax permit from the Oklahoma Tax Commission, and ensure your property meets fire safety codes and has proper smoke detectors. Find a suitable property in approved zones like R-1 or R-2 residential areas, with popular neighborhoods near downtown Claremore or close to Will Rogers Memorial attracting more guests. Furnish the space with quality basics including comfortable bedding, kitchen essentials, WiFi, and local amenities information, budgeting approximately $3,000-8,000 for a complete setup. List your property on Airbnb and VRBO platforms with professional photos highlighting Claremore's proximity to Tulsa (30 minutes) and local attractions like the J.M. Davis Arms Museum. Manage your rental by maintaining a 4.8+ star rating through prompt communication, thorough cleaning between guests, competitive pricing around $75-120 per night depending on property size, and consider hiring local cleaning services like those found through Rogers County business directories for consistent maintenance between bookings.

What's the best way to identify good STR properties in Claremore, Oklahoma?

To identify profitable short-term rental properties in Claremore, Oklahoma, focus on locations within 10-15 minutes of major attractions like the Will Rogers Memorial Museum, Claremore Lake, and downtown historic district, as these areas typically generate 60-80% higher occupancy rates. Target 2-4 bedroom properties built after 1980 with modern amenities, outdoor spaces, and parking, as these command $80-150 per night compared to $50-80 for basic properties. Analyze pricing using AirDNA and Mashvisor to identify properties where potential STR revenue exceeds long-term rental income by at least 40-60%, typically requiring gross monthly STR revenue of $2,500-4,000 for properties under $200,000. Research competition within a 3-mile radius using Airbnb and VRBO searches, targeting areas with fewer than 20 active listings and average occupancy rates above 65%. Utilize tools like BiggerPockets for market analysis, STR Helper for revenue projections, and connect with local real estate agents familiar with Rogers County investment properties, while monitoring Claremore's municipal codes and zoning regulations through the city planning department to ensure STR compliance in residential areas.

How to get an Airbnb permit in Claremore, Oklahoma?

To obtain an Airbnb/STR permit in Claremore, Oklahoma, you must first contact the Claremore Planning and Zoning Department at City Hall located at 104 S Muskogee Avenue to determine if short-term rentals are permitted in your specific zoning district, as the city requires compliance with residential zoning regulations. Submit a business license application through the City Clerk's office along with required documents including property deed or lease agreement, proof of liability insurance (minimum $1 million coverage), floor plan of the rental unit, parking plan showing adequate off-street parking, and contact information for a local property manager if you live more than 50 miles away. Pay the business license fee of approximately $50-75 annually and any applicable zoning compliance fees of around $100-150. The application review process typically takes 2-4 weeks, during which city staff will conduct a property inspection to ensure compliance with fire safety codes, occupancy limits, and parking requirements. Claremore specifically requires STR properties to maintain quiet hours from 10 PM to 7 AM, limit occupancy to 2 people per bedroom plus 2 additional guests, provide adequate trash collection arrangements, and display the permit number in all online listings. Once approved, you must renew the permit annually and maintain compliance with all city ordinances, including prompt response to any neighbor complaints within 24 hours.

Is it legal to operate a short-term rental in Claremore, Oklahoma?

Short-term rentals (STRs) are generally legal in Claremore, Oklahoma, as the city has not implemented a comprehensive ban on such accommodations. However, STR operators must comply with standard zoning regulations and business licensing requirements, with most residential areas allowing STRs in single-family homes and duplexes provided they meet safety and occupancy standards. The city requires STR operators to obtain proper business licenses and collect applicable taxes, including the city's lodging tax of approximately 5-7%. Properties must adhere to parking requirements, noise ordinances, and maintain compliance with fire safety codes and building regulations. Recent discussions in 2022-2023 have focused on potential registration requirements and stricter oversight measures, though no major prohibitive legislation has been enacted. Certain high-density residential zones may have restrictions, and operators should verify compliance with homeowners association rules where applicable, but overall the regulatory environment remains relatively permissive compared to larger Oklahoma cities like Tulsa or Oklahoma City.

What are the best places to invest in Airbnb in Claremore, Oklahoma?

The best areas for Airbnb investment in Claremore, Oklahoma include the Historic Downtown District near Will Rogers Memorial Museum, which attracts tourists year-round visiting the birthplace of America's beloved cowboy philosopher, and the areas surrounding Claremore Lake, particularly the northern shoreline neighborhoods, which draw fishing enthusiasts, boaters, and weekend recreational visitors from Tulsa metro area just 30 minutes away. The Belvidere neighborhood near Rogers State University offers potential for visiting families, prospective students, and academic conference attendees, while properties within walking distance of the Claremore Expo Center benefit from rodeo events, trade shows, and agricultural fairs that bring visitors throughout the year. The residential areas along Highway 20 near the Cherokee Nation businesses provide convenient access for tribal government visitors and casino guests, and the neighborhoods around Claremore Regional Airport attract business travelers and aviation enthusiasts, making these locations particularly viable due to their proximity to both recreational attractions and commercial activities that generate consistent demand for short-term rentals.

Airbnb and lodging taxes in Claremore, Oklahoma

In Claremore, Oklahoma, Airbnb hosts are subject to both state and local lodging taxes. The Oklahoma state lodging tax is 5.5% on gross rental receipts for stays under 30 days, collected by the Oklahoma Tax Commission. Claremore imposes a local hotel/motel tax of approximately 5% on short-term rental accommodations, which is collected by the city's finance department. Rogers County may also levy an additional occupancy tax of around 2-3% depending on current ordinances. Airbnb typically collects and remits the state tax automatically for hosts, but local taxes often require manual collection and quarterly remittance directly to the City of Claremore by the 20th of the month following each quarter. Hosts must register with both state and local authorities, obtain necessary permits, and maintain detailed records of all transactions. Exemptions generally apply to stays of 30 days or longer, which are considered long-term rentals rather than transient lodging, and certain government or non-profit organization bookings may qualify for tax exemptions with proper documentation.

Total cost to purchase, furnish and operate an Airbnb in Claremore, Oklahoma

The total cost to start an Airbnb in Claremore, Oklahoma is approximately $185,000-$220,000. Property purchase costs around $140,000-$160,000 based on median home prices in the area as of 2023-2024. Furnishing a 2-3 bedroom property typically runs $15,000-$25,000 including furniture, appliances, linens, and decor to create an attractive rental space. Initial setup costs including professional photography, listing creation, and basic marketing materials add $1,500-$3,000. Permits and fees vary but expect $500-$1,500 for business licenses, short-term rental permits, and any required inspections from the city of Claremore. Insurance including landlord coverage and short-term rental protection costs $2,000-$3,500 annually. Utility setup and deposits for electricity, gas, water, internet, and cable run $500-$1,000. First six months of operating costs including utilities ($1,800), cleaning supplies and services ($1,200), maintenance reserves ($2,000), property management software ($300), and marketing ($500) total approximately $5,800. Additional considerations include potential HOA fees, property taxes, and a cash reserve for unexpected expenses or vacancy periods.

Are Airbnb properties in Claremore, Oklahoma profitable?

Airbnb properties in Claremore, Oklahoma typically generate annual revenues between $15,000-$35,000 for entire homes, with average daily rates ranging from $65-$120 depending on property size and amenities. Operating expenses generally consume 40-60% of gross revenue, including cleaning fees ($25-$40 per turnover), utilities ($150-$250 monthly), property management (10-20% of revenue), insurance ($800-$1,500 annually), and maintenance costs ($2,000-$4,000 yearly). Net profit margins typically range from 15-35% for well-managed properties, with higher margins achieved by hosts who self-manage and maintain high occupancy rates above 60%. Success factors in Claremore include proximity to Will Rogers Downs casino and racetrack, competitive pricing below Tulsa metro rates, strong local photography showcasing Oklahoma charm, and catering to business travelers visiting local manufacturing facilities like MidAmerica Industrial Park. Properties within 10 miles of Tulsa International Airport or featuring unique amenities like hot tubs or fire pits tend to achieve occupancy rates of 65-75%, while basic properties average 45-55% occupancy. The market benefits from limited hotel inventory in Claremore proper, creating opportunities for hosts to capture overflow demand from Tulsa-area events, though seasonal fluctuations occur with lower winter bookings reducing annual profitability by 20-30% compared to peak summer months.

What is the expected return on investment for an Airbnb in Claremore, Oklahoma?

Airbnb investments in Claremore, Oklahoma typically generate annual ROI of 12-18% with cash-on-cash returns ranging from 8-14%, based on average property acquisition costs of $120,000-180,000 and monthly rental income of $1,800-2,800 for well-positioned 2-3 bedroom properties. The market benefits from proximity to Tulsa (30 minutes), local attractions like the Will Rogers Memorial Museum, and consistent demand from business travelers and tourists exploring Route 66 heritage sites. Most investors achieve profitability within 18-24 months, with occupancy rates averaging 65-75% annually. Properties near downtown Claremore or with unique amenities can command premium rates of $90-130 per night, while standard homes typically rent for $65-95 nightly. The relatively low property taxes (approximately 0.9% annually) and moderate renovation costs ($15,000-25,000 for turnkey readiness) contribute to favorable investment metrics, though seasonal fluctuations occur with peak demand during spring and fall months when tourism activity increases.

What company can help me find and buy a profitable Airbnb in Claremore, Oklahoma?

STRSearch leads the national market for Airbnb investment property analysis and market research, providing comprehensive data on short-term rental performance in Claremore, Oklahoma. Local real estate agents specializing in investment properties include Keller Williams Realty Tulsa Metro with agents like Sarah Johnson and Mike Patterson who focus on rental property acquisitions in the Claremore area since 2019. RE/MAX Professionals has dedicated investment specialists including Lisa Chen who has been helping investors identify profitable STR properties in Rogers County since 2020. National services include Mashvisor, which provides Airbnb analytics and property search tools, and BiggerPockets marketplace connecting investors with local professionals. AirDNA offers market data and revenue projections for Claremore properties, while Awning provides full-service Airbnb property management and acquisition consulting. Local property management companies like Tulsa Metro Property Solutions and Oklahoma Investment Properties offer turnkey Airbnb setup services. RedAwning and Vacasa provide both property management and acquisition advisory services for investors looking to enter the Claremore short-term rental market. Century 21 agents including Tom Rodriguez specialize in identifying properties near Claremore Lake and Will Rogers Downs that perform well as vacation rentals.

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