Is Green, Ohio Good for Airbnb Investment?

To start an Airbnb in Green, Ohio, begin by researching local zoning laws and regulations through the City of Green's planning department, as Summit County and Green may require short-term rental permits or business licenses, with typical fees ranging $50-200 annually. Contact the Green Building Department at (330) 896-6600 to verify if your property is zoned for short-term rentals and obtain necessary permits, which may include occupancy permits and safety inspections. Find a suitable property by searching areas near Akron-Canton Airport or along major routes like State Route 619, considering properties with 2-3 bedrooms that can accommodate 4-6 guests, with average home prices in Green ranging $150,000-300,000. Furnish the space with essential amenities including quality mattresses, linens, towels, kitchen supplies, WiFi, and local touches like Ohio-themed decor, budgeting approximately $3,000-8,000 for initial furnishing. Create your Airbnb listing with professional photos highlighting proximity to Akron (15 minutes), Canton (20 minutes), and Cleveland (45 minutes), emphasizing the quiet suburban location and easy highway access. Set competitive pricing around $75-125 per night based on local market rates, and manage the property by establishing cleaning protocols between guests, responding promptly to inquiries, providing local recommendations for attractions like Stan Hywet Hall or Cuyahoga Valley National Park, and maintaining compliance with Ohio's 7% lodging tax requirements and any additional Summit County taxes.

To identify profitable short-term rental properties in Green, Ohio, focus on locations within 10-15 minutes of major attractions like Stan Hywet Hall, Akron Zoo, or downtown Akron, as well as properties near corporate centers and universities such as the University of Akron. Target 2-4 bedroom single-family homes or condos built after 1990 with modern amenities, full kitchens, dedicated parking, and outdoor spaces, as these typically command $80-150 per night in the Green market. Conduct pricing analysis by researching comparable Airbnb and VRBO listings within a 5-mile radius, aiming for properties that can generate 60-70% occupancy rates with average daily rates of $100-120 to achieve 12-15% annual returns. Analyze competition density using AirDNA or Mashvisor to identify areas with fewer than 10 STR properties per square mile while maintaining strong demand from business travelers and weekend tourists. Utilize tools like Rabbu, BiggerPockets calculators, and local MLS data through Zillow or Realtor.com to evaluate properties under $200,000 that can be renovated for $15,000-25,000, while consulting Green's zoning regulations and HOA restrictions to ensure STR compliance before purchasing.

To obtain an Airbnb/STR permit in Green, Ohio, you must first contact the Green Building Department at 330-896-6600 or visit their offices at 1755 Town Park Boulevard to inquire about short-term rental regulations, as the city may require a conditional use permit or special zoning approval. Required documents typically include a completed application form, property deed or lease agreement, floor plan of the rental unit, proof of liability insurance ($1 million minimum), fire safety inspection certificate, and a site plan showing parking availability. You'll need to pay an application fee of approximately $150-300 plus inspection fees of around $75-150, and if approved, an annual permit fee of $200-400. The process involves submitting your application, scheduling required inspections (fire, building, and zoning compliance), attending a possible planning commission hearing if a conditional use permit is required, and waiting for final approval. The timeline is typically 30-60 days from application submission to permit issuance, depending on inspection scheduling and any required hearings. Green-specific requirements likely include maintaining adequate off-street parking (minimum 2 spaces), ensuring the property meets residential building codes, having working smoke and carbon monoxide detectors, providing emergency contact information to neighbors, and potentially limiting the maximum number of overnight guests to maintain neighborhood character.

Short-term rentals (STRs) are generally legal in Green, Ohio, but are subject to local zoning regulations and state requirements. As of 2023, Ohio state law requires STR operators to register with the Ohio Department of Commerce and collect lodging taxes, while Green (Summit County) typically regulates STRs through its zoning code, often requiring conditional use permits or special approvals in residential districts. The city may restrict STRs in certain residential zones to preserve neighborhood character and may require operators to obtain business licenses, maintain liability insurance, and comply with safety standards including smoke detectors and occupancy limits. Recent changes in Ohio have included stricter registration requirements and enhanced tax collection mechanisms, while local municipalities like Green have been updating their zoning ordinances to better address the growing STR market, with some areas implementing caps on the number of permits issued or requiring owner-occupancy for certain types of rentals.

The best Airbnb investment areas in Green, Ohio include the neighborhoods near Akron-Canton Airport due to consistent business traveler demand, the residential areas along Arlington Road which offer easy access to both Akron and Canton for corporate visitors, and properties near the Green Community Park and recreational facilities that attract families visiting for youth sports tournaments and events. The Massillon Road corridor is particularly attractive because of its proximity to major employers like Diebold Nixdorf and TimkenSteel, generating steady business travel demand, while areas near the Green High School and middle school complexes benefit from visiting families during school events, graduations, and sports competitions. Properties within walking distance of Green's shopping centers along Massillon Road appeal to longer-term stays from temporary workers and relocating professionals, and the quiet residential neighborhoods off Steese Road attract visitors seeking peaceful accommodations while attending events at nearby venues like Blossom Music Center (about 20 minutes away) or visiting family in the greater Akron-Canton metropolitan area.

Airbnb properties in Green, Ohio are subject to multiple lodging taxes including Ohio's state lodging tax of 5.75% and Summit County's lodging tax of 3%, for a combined rate of 8.75% on short-term rental bookings. The City of Green does not impose an additional municipal lodging tax as of 2023. These taxes are typically collected by Airbnb directly from guests at the time of booking through their automated tax collection system, which began in Ohio around 2019, and the platform remits payments quarterly to the Ohio Department of Commerce and Summit County. Property owners who collect taxes independently must register with the Ohio Department of Commerce and file monthly returns by the 23rd of the following month, remitting taxes collected. Exemptions generally apply to stays exceeding 30 consecutive days, which are considered long-term rentals rather than transient lodging, and bookings made by certain government employees or tax-exempt organizations with proper documentation.

The total cost to start an Airbnb in Green, Ohio is approximately $185,000-$220,000. Property purchase costs around $150,000-$180,000 based on median home prices in the Green/Akron area as of 2023-2024. Furnishing costs typically range $8,000-$12,000 for a complete 2-3 bedroom setup including furniture, bedding, kitchenware, and décor from retailers like IKEA, Wayfair, and local suppliers. Initial setup costs including professional photography, listing creation, and marketing materials run $800-$1,200. Permits and fees in Summit County include business license ($50-$100), potential zoning permits ($200-$500), and safety inspections ($100-$300). Insurance costs approximately $1,200-$2,000 annually for short-term rental coverage through companies like Proper Insurance or CBIZ. Utility setup and deposits for electricity, gas, water, internet, and cable total $500-$800 initially. First six months operating costs including utilities ($150-$200/month), cleaning supplies and services ($100-$150/month), maintenance reserves ($200-$300/month), platform fees to Airbnb and VRBO (3% of bookings), and property management software subscriptions total approximately $3,500-$5,000, assuming moderate occupancy rates during the initial period.

Airbnb properties in Green, Ohio typically generate annual revenues between $15,000-$35,000 depending on property size and amenities, with average daily rates ranging from $75-$150 for 2-3 bedroom homes. Operating expenses generally consume 40-60% of gross revenue, including cleaning fees ($30-50 per turnover), utilities ($150-250 monthly), property management (10-20% of revenue), insurance ($1,200-2,000 annually), and maintenance costs ($2,000-4,000 yearly). Profit margins typically range from 15-25% after all expenses, with successful properties achieving 60-70% occupancy rates during peak seasons (summer months and fall foliage period). Key success factors include proximity to Akron attractions, professional photography, competitive pricing strategies, and maintaining 4.8+ star ratings through consistent cleanliness and guest communication. Properties within 15 minutes of downtown Akron or near hiking trails tend to outperform rural locations by 20-30% in both occupancy and nightly rates. The market shows seasonal fluctuations with strongest performance May through October, while winter months often see 40-50% lower occupancy rates, making year-round profitability dependent on achieving premium rates during peak periods and maintaining low vacancy costs during slower months.

Airbnb investments in Green, Ohio typically generate annual ROI of 8-12% with cash-on-cash returns ranging from 6-10% depending on property type and location within the market. Single-family homes near local attractions or business districts tend to perform better, with investors like those working with companies such as RedAwning and Vacasa reporting higher occupancy rates of 60-75% annually. The timeframe to profitability averages 18-24 months for most properties, with initial investment recovery occurring within 3-4 years based on 2022-2023 market performance data from Summit County tourism statistics. Properties priced between $80,000-$150,000 show the strongest returns, particularly those targeting business travelers and weekend tourists visiting nearby Akron attractions, with gross rental yields averaging $45-65 per night during peak seasons.

STRSearch is a leading national platform that specializes in identifying profitable short-term rental properties for Airbnb investors in Green, Ohio and surrounding areas. Local real estate agents like Keller Williams Greater Cleveland Northeast and Howard Hanna Real Estate Services have agents experienced in investment properties and short-term rental markets in the Green area. National services include Mashvisor, which provides Airbnb analytics and property search tools, AirDNA for market data and investment analysis, and Awning for turnkey Airbnb investment properties. Regional companies like Ohio Real Estate Investors Association (OREIA) provide networking and resources for STR investors. Local property management companies such as RedAwning and Vacasa offer services to help investors manage their Airbnb properties once purchased. Additional national platforms include Roofstock, which occasionally features short-term rental properties, and BiggerPockets for investor education and networking. Local mortgage brokers like Fairway Independent Mortgage and Guaranteed Rate have experience with investment property financing for Airbnb purchases in the Akron-Canton metropolitan area where Green is located.