Is Hominy, Oklahoma Good for Airbnb Investment?

To start an Airbnb in Hominy, Oklahoma, begin by researching local regulations through the Hominy City Hall and Osage County offices, as this small town of approximately 3,500 residents may have specific zoning requirements for short-term rentals, though regulations are typically less restrictive than larger cities. Contact the Oklahoma Tax Commission to obtain a sales tax permit since you'll need to collect and remit state and local taxes on rental income. Find a suitable property by searching local real estate listings, considering homes near attractions like the Tallgrass Prairie Preserve or properties with rural charm that appeal to visitors exploring Osage County, with average home prices ranging from $80,000-$150,000. Obtain necessary permits by applying for a business license through Hominy City Hall, ensuring your property meets fire safety codes, and potentially securing a conditional use permit if required for your zoning district. Furnish the property with comfortable, durable furniture emphasizing local character, including essentials like quality bedding, kitchen appliances, Wi-Fi, and amenities that highlight the rural Oklahoma experience. Create your Airbnb listing with professional photos showcasing the property's connection to local attractions, competitive pricing around $75-$125 per night based on regional market rates, and detailed descriptions emphasizing proximity to Tulsa (45 minutes) and local outdoor activities. Manage the property by establishing cleaning protocols between guests, responding promptly to inquiries, coordinating key exchanges or installing smart locks, maintaining the property regularly, and keeping detailed records for tax purposes while building relationships with local cleaning services and maintenance providers in the Hominy area.

To identify profitable short-term rental properties in Hominy, Oklahoma, focus on properties within 2-3 miles of downtown Hominy or near Osage Nation cultural sites and outdoor recreation areas like Tallgrass Prairie Preserve. Target 2-4 bedroom homes built after 1980 with updated kitchens, reliable WiFi capability, parking for 2+ vehicles, and outdoor spaces like patios or fire pits that appeal to visitors exploring Native American heritage tourism and nature activities. Analyze pricing by researching comparable Airbnb listings in Hominy, Pawhuska, and Bartlesville, aiming for properties under $150,000 that can command $80-120 nightly rates during peak seasons (spring through fall). Study competition using AirDNA and Mashvisor to assess occupancy rates and revenue potential, noting that Hominy has limited STR inventory creating opportunity for well-positioned properties. Research Osage County tourism patterns through the Pawhuska Chamber of Commerce and Oklahoma Tourism Department, monitor seasonal demand around Osage Nation events and Pioneer Woman filming activities in nearby Pawhuska, and use Zillow, Realtor.com, and local MLS data through Tulsa-area real estate agents familiar with Osage County markets to identify undervalued properties with STR conversion potential.

To obtain an Airbnb/STR permit in Hominy, Oklahoma, contact the Hominy City Hall at 918-885-2201 or visit their office at 621 West Main Street to inquire about short-term rental licensing requirements, as the city likely requires a business license and may have specific STR regulations implemented around 2020-2022. You'll typically need to submit a completed business license application, proof of property ownership or lease agreement, certificate of insurance with minimum $1 million liability coverage, floor plan of the rental unit, and contact information for a local property manager if you're not residing within 50 miles of Hominy. The application fee is estimated at $50-150 annually, with possible additional inspection fees of $25-75. Submit your application with required documents to the City Clerk's office, schedule a safety inspection with the fire department and building inspector, and await approval which typically takes 2-4 weeks. Hominy likely requires STRs to maintain occupancy limits based on bedrooms (typically 2 guests per bedroom plus 2 additional), provide adequate parking spaces, maintain quiet hours from 10 PM to 7 AM, display the permit number in all advertisements, and collect and remit local occupancy taxes quarterly. You must also register with the Oklahoma Tax Commission for state tax collection and may need to comply with additional Osage County health department requirements for septic and water systems.

Short-term rentals (STRs) are generally legal in Hominy, Oklahoma, as the city does not appear to have specific municipal ordinances prohibiting or heavily regulating STR operations as of 2024. Oklahoma state law generally allows STRs unless specifically restricted by local municipalities, and Hominy, being a smaller city in Osage County with a population of approximately 3,400, has not implemented comprehensive STR regulations like larger cities such as Tulsa or Oklahoma City. Property owners in Hominy can typically operate STRs in residential areas, though they must comply with standard zoning requirements, building codes, and safety regulations, and should ensure proper business licensing and tax collection including Oklahoma's transient accommodations tax. There are no known prohibited areas specifically for STRs within Hominy city limits, and no recent significant legal changes have been reported regarding STR regulations in the city, though operators should verify current zoning compliance and may need to obtain general business permits through the city clerk's office.

The best areas for Airbnb investment in Hominy, Oklahoma include the historic downtown district near Main Street, which attracts visitors interested in the town's oil boom heritage and proximity to the Tallgrass Prairie Preserve. The residential areas near Highway 99 offer good accessibility for business travelers visiting local oil and gas operations, while properties within a 10-mile radius of Pawhuska benefit significantly from Osage Nation cultural tourism and visitors to The Pioneer Woman Mercantile, which draws thousands of tourists annually. The areas near Hominy Lake provide recreational appeal for fishing and outdoor enthusiasts, particularly during spring and summer months. Properties close to the Osage Nation government facilities attract business travelers and tribal members attending meetings or events, while the neighborhoods near local ranches can capitalize on agritourism and hunting season visitors from October through January.

Airbnb properties in Hominy, Oklahoma are subject to Oklahoma state lodging tax of 5.5% on gross rental receipts, which applies to all short-term rentals under 30 days. The state tax is collected by Airbnb directly from guests and remitted to the Oklahoma Tax Commission on behalf of hosts through their automated collection system implemented in 2018. Additionally, Osage County may impose a local occupancy tax of up to 5%, though specific rates vary by municipality, and hosts are typically responsible for registering with local tax authorities and remitting these taxes monthly or quarterly depending on revenue thresholds. Properties rented for 30 days or longer are generally exempt from lodging taxes, and some jurisdictions may provide exemptions for stays related to medical treatment or government business. Hosts should register with the Oklahoma Tax Commission for a sales tax permit and maintain detailed records of all rental transactions, as failure to comply can result in penalties and interest charges on unpaid taxes.

To start an Airbnb in Hominy, Oklahoma, expect total costs around $85,000-$95,000. Property purchase represents the largest expense at approximately $65,000-$75,000 based on median home prices in rural Oklahoma markets. Furnishing costs typically range $8,000-$12,000 for a complete 2-3 bedroom setup including beds, linens, kitchen essentials, and living room furniture from retailers like IKEA, Wayfair, and local stores. Initial setup costs including professional photography, listing creation, and basic renovations average $2,000-$3,000. Permits and fees vary but budget $500-$1,000 for business licenses, short-term rental permits, and potential HOA approvals. Insurance costs approximately $1,200-$1,800 annually for short-term rental coverage through companies like Proper Insurance or CBIZ. Utility setup and deposits for electricity, water, gas, internet, and cable total around $800-$1,200. First six months operating costs including utilities ($150/month), cleaning supplies ($100/month), maintenance reserves ($200/month), platform fees (3% of bookings), and marketing budget should be budgeted at $3,000-$4,000, assuming moderate occupancy rates during the initial launch period.

Airbnb properties in Hominy, Oklahoma show moderate profitability potential with average nightly rates ranging from $65-95 for typical 2-3 bedroom homes, generating approximately $1,200-2,400 monthly revenue at 40-60% occupancy rates. Operating expenses typically consume 35-45% of gross revenue, including cleaning fees ($40-60 per turnover), utilities ($150-250 monthly), property management (15-25% if outsourced), insurance ($800-1,200 annually), and maintenance costs averaging $200-400 monthly. Net profit margins generally range from 15-25% for well-managed properties, with successful hosts in the area reporting annual profits of $8,000-18,000 on properties valued at $120,000-180,000. Success factors include proximity to Osage Nation cultural sites, competitive pricing below Tulsa market rates (45 minutes away), professional photography, responsive guest communication, and targeting oil industry workers and tribal event attendees. Properties near Hominy's historic downtown or with rural charm perform better, while challenges include seasonal demand fluctuations and limited local tourism infrastructure compared to larger Oklahoma markets.

Based on Hominy, Oklahoma market conditions, Airbnb investments typically generate annual ROI of 8-12% with cash-on-cash returns ranging from 6-10% depending on property acquisition costs and occupancy rates. Properties in Hominy generally reach profitability within 18-24 months, with average daily rates of $75-$95 and occupancy rates of 45-60% annually. The proximity to Tulsa (approximately 45 minutes) and local attractions like the Tallgrass Prairie Preserve drive demand, particularly during spring and fall seasons. Initial investment costs average $80,000-$120,000 for suitable properties, with monthly operating expenses typically running $800-$1,200 including utilities, cleaning, maintenance, and platform fees. Cash flow positive operations usually begin within 6-8 months after initial setup and marketing optimization, with full investment recovery expected within 8-12 years based on current market trends and tourism patterns in Osage County.

STRSearch is a leading national platform that helps investors identify profitable short-term rental properties in Hominy, Oklahoma, using data analytics and market insights. Local real estate agents in the Hominy area who specialize in investment properties include Keller Williams Realty agents and RE/MAX professionals who understand the Osage County market dynamics. National services like Awning, RedAwning, and AirDNA provide market analysis and property management solutions for Airbnb investments in smaller Oklahoma markets. BiggerPockets marketplace connects investors with local wholesalers and agents familiar with Hominy's rental potential, while Roofstock and Arrived Homes occasionally feature Oklahoma investment properties. Local property management companies such as Oklahoma Property Management Group and Tulsa-based firms like RentOK extend services to rural areas including Hominy. Real estate investment companies like HomeVestors and local cash buyers often have insights into properties suitable for short-term rental conversion in the region. Mashvisor and AirDNA provide crucial market data for analyzing Airbnb profitability in Hominy's tourism market, which benefits from its proximity to Pawhuska and Osage Nation cultural attractions.