Is Old Forge, New York Good for Airbnb Investment?

Potentially—Old Forge, New York combines visitor demand with long-term real estate upside.

• Presents a unique and generally favorable opportunity, largely driven by its strong seasonal tourism as a gateway to the Adirondacks.
• Current market conditions reflect a steady demand for short-term rentals, especially during peak seasons like summer and winter, when visitors flock for outdoor activities such as boating, hiking, skiing.
• Property values in Old Forge have seen consistent appreciation, particularly for properties well-suited for vacation rentals.
• The investment potential is high for properties that can capitalize on both summer and winter tourism.
• However, investors should be mindful of local regulations, which may vary and impact the ease of operating a short-term rental.

$800–$2,500, based on location, season, and property quality.

• Based on available market data and regional analysis, Airbnb properties in Old Forge, New York typically generate average monthly revenues ranging from $800 to $2,500, with significant seasonal fluctuations driven by the area's tourism patterns.
• During peak summer months and winter snowmobile season, well-positioned properties can earn $3,000 to $4,500 monthly, while shoulder seasons see revenues drop to $400 to $1,200 per month.
• Properties near Fourth Lake, the Fulton Chain of Lakes, or with direct water access command premium rates of $150 to $350 per night during peak periods.
• Key factors affecting earnings include proximity to water activities, snowmobile trail access, property size and amenities, seasonal maintenance costs.
• The area's strong appeal to outdoor enthusiasts from metropolitan areas like New York City and Albany helps maintain consistent demand.
• Winter sports tourism, particularly snowmobiling on the extensive trail network, provides a crucial secondary revenue season that distinguishes Old Forge from purely summer-focused Adirondack markets.

Potentially strong—typical annual ROI is 8–15%.

• Typically generate ROI between 8-15% annually, with higher-end lakefront properties achieving up to 18-20% during peak seasons due to the area's popularity as an Adirondack vacation destination.
• The average payback period ranges from 7-12 years, depending on property acquisition costs and renovation expenses, with most investors seeing break-even around year 9.
• Properties near Fulton Chain Lakes command premium nightly rates of $200-400 during summer months and $150-250 during winter ski season.
• The seasonal nature of Old Forge's tourism market means Airbnb properties typically achieve 60-70% occupancy rates from May through October and 40-50% during winter months.

Old Forge, New York averages 75–85% annual occupancy, with seasonal variation.

• Old Forge, New York experiences significant seasonal fluctuations in Airbnb occupancy rates, with peak summer months (June through August) averaging 75-85% occupancy due to its location in the Adirondacks and proximity to recreational activities like boating, hiking, and the Enchanted Forest Water Safari.
• Winter months see a secondary peak of 60-70% occupancy driven by snowmobiling and winter sports enthusiasts, while spring and fall shoulder seasons drop to 35-45% occupancy.
• The annual average occupancy rate for Old Forge Airbnbs is approximately 58-62%, which exceeds New York State's average of around 52% and is slightly above the national average of 56%.

The strongest opportunities balance visitor demand, nightly rates, and acquisition cost.

• The Fulton Chain Lakes area represents the premier Airbnb investment zone in Old Forge, offering direct waterfront access and commanding premium rates of $200-400 per night due to its proximity to the eight interconnected lakes perfect for boating, fishing, and swimming.
• The downtown Old Forge corridor provides excellent walkability to restaurants, shops, and the popular Enchanted Forest Water Safari.
• The Fourth Lake region offers a perfect balance of scenic beauty and accessibility, with properties generating strong occupancy rates from visitors seeking both relaxation and easy access to hiking trails and water activities.
• The Inlet area, though slightly removed from the main village, appeals to guests seeking privacy and authentic Adirondack experiences.
• The Thendara neighborhood provides more affordable investment opportunities while still offering train station charm and access to the Adirondack Scenic Railroad.
• The Eagle Bay vicinity attracts upscale visitors seeking luxury lake experiences, supporting higher-end rental rates of $250-450 per night due to its exclusive feel and pristine natural setting.
• The Big Moose Lake area, while requiring higher initial investment, offers exceptional privacy and premium positioning for discerning guests willing to pay $300-500 per night for secluded luxury accommodations.

Yes, but only where zoning permits short-term rentals and every required license is current.

• Old Forge, New York requires short-term rental operators to obtain a special use permit through the town's planning board.
• The town does not mandate owner-occupancy requirements, allowing both resident and non-resident property owners to operate rentals.
• Short-term rentals are primarily permitted in residential and mixed-use zones but are subject to specific setback requirements and must comply with existing residential density standards.
• The registration process involves submitting an application to the Code Enforcement Office with property details, septic system documentation, and proof of adequate parking for guests.
• Recent changes implemented around 2021-2022 have strengthened enforcement mechanisms, required more detailed neighbor notification procedures.

Tax rates vary by jurisdiction; licensing, inspection, and insurance costs are additional.

• Short-term rentals in Old Forge, New York are subject to New York State sales tax of 8% and local occupancy tax of 3%, totaling 11% in lodging taxes collected from guests.
• The Adirondack Park Agency requires a permit for short-term rental operations with fees ranging from $150-$300 depending on property size and impact assessment.
• Annual business registration with Herkimer County costs approximately $50, while New York State requires a Certificate of Authority for sales tax collection at $20.
• Property owners must also pay standard property taxes which average 1.8% of assessed value annually in the Old Forge area.
• Additional costs may include septic system inspections required every three years at $200-$400, and potential homeowners association fees if applicable.
• The Town of Webb may require a special use permit for short-term rentals in certain zoning districts, with application fees typically ranging from $100-$250.