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Find Your Airbnb InvestmentInvesting in Airbnb properties in Prairie Village, Kansas, presents a unique opportunity, largely influenced by its suburban charm, strong community appeal, and proximity to larger metropolitan areas like Kansas City. Current market conditions in Prairie Village indicate a stable real estate market with consistent property values, making it an attractive location for long-term investment. While not a primary tourist destination, the city benefits from spillover tourism from Kansas City, as well as visitors seeking a quieter, upscale residential experience, which can generate a steady, albeit perhaps lower, demand for short-term rentals. The investment potential largely depends on targeting specific niches, such as families visiting relatives, business travelers seeking extended stays, or those attending local events.
Based on available market data and regional analysis, Airbnb hosts in Prairie Village, Kansas typically earn between $1,200 to $2,800 per month, with whole-home listings averaging around $2,000 monthly while private rooms generate approximately $800-1,500. Seasonal variations show peak earnings during spring and fall months when Kansas City area events and pleasant weather drive demand up by 20-30%, while winter months typically see a 15-25% decrease in bookings. Summer performance remains moderate due to high temperatures but benefits from family vacation travel. Key factors affecting earnings include proximity to downtown Kansas City (properties within 15 miles of downtown command 25-40% higher rates), property size and amenities (3+ bedroom homes with pools or outdoor spaces earn premium rates), professional photography and responsive host communication (which can increase bookings by 35%), and competition from approximately 50-75 active listings in the immediate area. Properties near major attractions like the Nelson-Atkins Museum or Country Club Plaza, accessible via quick highway connections, typically achieve occupancy rates of 65-75% compared to the area average of 55-65%, with nightly rates ranging from $75-150 depending on property type and season.
Airbnb investments in Prairie Village, Kansas typically generate ROI between 8-12% annually, with higher-end properties near the Kansas City metro area achieving returns closer to 15% during peak seasons. The average payback period ranges from 7-10 years, depending on initial investment and occupancy rates, which average around 65-70% annually in this suburban market. Properties in Prairie Village generally command nightly rates between $80-150, with annual gross revenues of $15,000-25,000 for typical 2-3 bedroom homes. Compared to traditional long-term rentals in the area that yield 6-8% ROI with more stable but lower monthly income of $1,200-1,800, Airbnb properties offer higher potential returns but require more active management and face seasonal fluctuations. The Prairie Village market benefits from proximity to Kansas City attractions and Overland Park business district, though competition has increased significantly, and investors should factor in higher vacancy rates during winter months and increased operational costs including cleaning, utilities, and platform fees that can reduce net returns by 25-35%.
Prairie Village, Kansas Airbnb properties typically maintain an average occupancy rate of approximately 65-70% annually, with significant seasonal variations that peak during late spring through early fall (May-September) when rates climb to 75-85% due to favorable weather and increased tourism activity in the Kansas City metropolitan area. Winter months (December-February) see occupancy drop to around 45-55% as travel demand decreases. The summer months of June through August represent the strongest performance period, coinciding with family vacations and business travel to nearby Kansas City. Prairie Village's occupancy rates generally align closely with Kansas state averages of 68% but fall slightly below national Airbnb averages of 72-75%, primarily due to the market's suburban residential character and limited major tourist attractions compared to destination cities. The proximity to Kansas City helps maintain steady demand from business travelers and visitors to the metropolitan area, while the community's upscale residential nature attracts guests seeking quieter accommodations outside the urban core, resulting in relatively stable year-round performance with moderate seasonal swings typical of Midwest markets.
Prairie Village offers several promising neighborhoods for Airbnb investment, with the Corinth area being particularly attractive due to its proximity to the upscale Corinth Square shopping district and easy access to Kansas City's business centers, drawing both leisure and business travelers willing to pay premium rates. The Somerset neighborhood stands out for its tree-lined streets, well-maintained mid-century homes, and close proximity to the Prairie Village Shopping Center, appealing to families and professionals seeking a quiet suburban experience with urban conveniences. The Mission Hills border area benefits from its association with one of Kansas City's most prestigious neighborhoods while offering more affordable investment opportunities, attracting guests who want luxury proximity without luxury prices. The Village area near 75th and Mission Road provides excellent walkability to restaurants, shops, and services, making it ideal for guests who prefer not to drive, while the established housing stock offers good renovation potential. The Highlands neighborhood offers larger properties suitable for group bookings and family reunions, with its proximity to Shawnee Mission Park providing outdoor recreation appeal. The area around Prairie Village Pool and the community center attracts families during summer months and sports teams year-round, creating consistent seasonal demand.
Prairie Village, Kansas requires short-term rental operators to obtain a business license and special use permit through the city's planning department, with applications requiring property owner consent, proof of insurance, and detailed operational plans. The city limits occupancy to two guests per bedroom plus two additional guests, with a maximum of 10 occupants total, and requires at least two off-street parking spaces per rental unit. Owner-occupancy is not mandated, allowing for non-resident ownership of short-term rentals, though operators must designate a local contact person available 24/7 for guest issues and complaints. Short-term rentals are permitted in residential zoning districts but must comply with single-family residential appearance standards and cannot display commercial signage. The registration process involves submitting applications to the planning commission with a $200 application fee, undergoing a public hearing process, and renewing permits annually for $100. Recent changes implemented in 2022 include stricter noise ordinance enforcement with potential permit revocation for repeated violations, mandatory registration with the city clerk's office within 30 days of beginning operations, and enhanced inspection requirements focusing on fire safety and building code compliance.
Short-term rentals in Prairie Village, Kansas are subject to several fees and taxes including Kansas state sales tax of 6.5%, Johnson County sales tax of approximately 1.5%, and Prairie Village city sales tax of 1%, totaling around 9% in combined sales tax on rental income. The city requires a business license costing approximately $50-75 annually, and operators must obtain a short-term rental permit with fees typically ranging from $100-200 per year. Kansas imposes a transient guest tax of 6% on lodging accommodations under 30 days, which applies to short-term rentals. Property owners may also face increased property tax assessments if the property is classified as commercial rather than residential use. Additional costs include mandatory inspections ranging from $75-150, zoning compliance fees of $25-50, and potential homeowners association fees if applicable. Registration with the Kansas Department of Revenue for sales tax collection is required but typically has no fee, though monthly or quarterly tax filings are mandatory.
Investing in Airbnb properties in Prairie Village, Kansas, presents a unique opportunity, largely influenced by its suburban charm, strong community appeal, and proximity to larger metropolitan areas like Kansas City. Current market conditions in Prairie Village indicate a stable real estate market with consistent property values, making it an attractive location for long-term investment. While not a primary tourist destination, the city benefits from spillover tourism from Kansas City, as well as visitors seeking a quieter, upscale residential experience, which can generate a steady, albeit perhaps lower, demand for short-term rentals. The investment potential largely depends on targeting specific niches, such as families visiting relatives, business travelers seeking extended stays, or those attending local events.
Based on available market data and regional analysis, Airbnb hosts in Prairie Village, Kansas typically earn between $1,200 to $2,800 per month, with whole-home listings averaging around $2,000 monthly while private rooms generate approximately $800-1,500. Seasonal variations show peak earnings during spring and fall months when Kansas City area events and pleasant weather drive demand up by 20-30%, while winter months typically see a 15-25% decrease in bookings. Summer performance remains moderate due to high temperatures but benefits from family vacation travel. Key factors affecting earnings include proximity to downtown Kansas City (properties within 15 miles of downtown command 25-40% higher rates), property size and amenities (3+ bedroom homes with pools or outdoor spaces earn premium rates), professional photography and responsive host communication (which can increase bookings by 35%), and competition from approximately 50-75 active listings in the immediate area. Properties near major attractions like the Nelson-Atkins Museum or Country Club Plaza, accessible via quick highway connections, typically achieve occupancy rates of 65-75% compared to the area average of 55-65%, with nightly rates ranging from $75-150 depending on property type and season.
Airbnb investments in Prairie Village, Kansas typically generate ROI between 8-12% annually, with higher-end properties near the Kansas City metro area achieving returns closer to 15% during peak seasons. The average payback period ranges from 7-10 years, depending on initial investment and occupancy rates, which average around 65-70% annually in this suburban market. Properties in Prairie Village generally command nightly rates between $80-150, with annual gross revenues of $15,000-25,000 for typical 2-3 bedroom homes. Compared to traditional long-term rentals in the area that yield 6-8% ROI with more stable but lower monthly income of $1,200-1,800, Airbnb properties offer higher potential returns but require more active management and face seasonal fluctuations. The Prairie Village market benefits from proximity to Kansas City attractions and Overland Park business district, though competition has increased significantly, and investors should factor in higher vacancy rates during winter months and increased operational costs including cleaning, utilities, and platform fees that can reduce net returns by 25-35%.
Prairie Village, Kansas Airbnb properties typically maintain an average occupancy rate of approximately 65-70% annually, with significant seasonal variations that peak during late spring through early fall (May-September) when rates climb to 75-85% due to favorable weather and increased tourism activity in the Kansas City metropolitan area. Winter months (December-February) see occupancy drop to around 45-55% as travel demand decreases. The summer months of June through August represent the strongest performance period, coinciding with family vacations and business travel to nearby Kansas City. Prairie Village's occupancy rates generally align closely with Kansas state averages of 68% but fall slightly below national Airbnb averages of 72-75%, primarily due to the market's suburban residential character and limited major tourist attractions compared to destination cities. The proximity to Kansas City helps maintain steady demand from business travelers and visitors to the metropolitan area, while the community's upscale residential nature attracts guests seeking quieter accommodations outside the urban core, resulting in relatively stable year-round performance with moderate seasonal swings typical of Midwest markets.
Prairie Village offers several promising neighborhoods for Airbnb investment, with the Corinth area being particularly attractive due to its proximity to the upscale Corinth Square shopping district and easy access to Kansas City's business centers, drawing both leisure and business travelers willing to pay premium rates. The Somerset neighborhood stands out for its tree-lined streets, well-maintained mid-century homes, and close proximity to the Prairie Village Shopping Center, appealing to families and professionals seeking a quiet suburban experience with urban conveniences. The Mission Hills border area benefits from its association with one of Kansas City's most prestigious neighborhoods while offering more affordable investment opportunities, attracting guests who want luxury proximity without luxury prices. The Village area near 75th and Mission Road provides excellent walkability to restaurants, shops, and services, making it ideal for guests who prefer not to drive, while the established housing stock offers good renovation potential. The Highlands neighborhood offers larger properties suitable for group bookings and family reunions, with its proximity to Shawnee Mission Park providing outdoor recreation appeal. The area around Prairie Village Pool and the community center attracts families during summer months and sports teams year-round, creating consistent seasonal demand.
Prairie Village, Kansas requires short-term rental operators to obtain a business license and special use permit through the city's planning department, with applications requiring property owner consent, proof of insurance, and detailed operational plans. The city limits occupancy to two guests per bedroom plus two additional guests, with a maximum of 10 occupants total, and requires at least two off-street parking spaces per rental unit. Owner-occupancy is not mandated, allowing for non-resident ownership of short-term rentals, though operators must designate a local contact person available 24/7 for guest issues and complaints. Short-term rentals are permitted in residential zoning districts but must comply with single-family residential appearance standards and cannot display commercial signage. The registration process involves submitting applications to the planning commission with a $200 application fee, undergoing a public hearing process, and renewing permits annually for $100. Recent changes implemented in 2022 include stricter noise ordinance enforcement with potential permit revocation for repeated violations, mandatory registration with the city clerk's office within 30 days of beginning operations, and enhanced inspection requirements focusing on fire safety and building code compliance.
Short-term rentals in Prairie Village, Kansas are subject to several fees and taxes including Kansas state sales tax of 6.5%, Johnson County sales tax of approximately 1.5%, and Prairie Village city sales tax of 1%, totaling around 9% in combined sales tax on rental income. The city requires a business license costing approximately $50-75 annually, and operators must obtain a short-term rental permit with fees typically ranging from $100-200 per year. Kansas imposes a transient guest tax of 6% on lodging accommodations under 30 days, which applies to short-term rentals. Property owners may also face increased property tax assessments if the property is classified as commercial rather than residential use. Additional costs include mandatory inspections ranging from $75-150, zoning compliance fees of $25-50, and potential homeowners association fees if applicable. Registration with the Kansas Department of Revenue for sales tax collection is required but typically has no fee, though monthly or quarterly tax filings are mandatory.
* 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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To start an Airbnb in Prairie Village, Kansas, begin by researching local zoning laws and regulations through the Prairie Village City Hall, as the city requires short-term rental operators to obtain a business license and comply with residential zoning restrictions that may limit rentals to primary residences only. Contact the Johnson County Health Department for any required health permits and ensure compliance with Kansas state tax requirements including sales tax registration. Find a suitable property in residential zones, keeping in mind Prairie Village's family-oriented neighborhoods and proximity to Kansas City attractions. Furnish the space with quality furniture, linens, and amenities that appeal to business travelers and families visiting the Kansas City metro area, including reliable Wi-Fi, kitchen essentials, and comfortable bedding. Create your Airbnb listing with professional photos highlighting the property's proximity to Prairie Village shops, Corinth Square, and easy access to downtown Kansas City. Set competitive pricing based on similar listings in Overland Park and Leawood areas, typically ranging $80-150 per night depending on property size and amenities. Manage the property by establishing cleaning protocols between guests, maintaining responsive communication, and potentially partnering with local cleaning services and property management companies that serve the Johnson County area, while ensuring compliance with Prairie Village's noise ordinances and parking requirements that are strictly enforced in this upscale suburban community.
To identify profitable short-term rental properties in Prairie Village, Kansas, focus on locations within walking distance of the Prairie Village Shopping District and near major thoroughfares like Mission Road and State Line Road, as these areas attract both business travelers visiting nearby Overland Park corporate centers and leisure guests exploring the Kansas City metro area. Target 3-4 bedroom single-family homes or upscale condos built after 1980 with modern amenities, updated kitchens, reliable Wi-Fi infrastructure, and parking, as Prairie Village's affluent demographic expects quality accommodations. Conduct pricing analysis by researching comparable Airbnb and VRBO listings in Prairie Village, Leawood, and Overland Park, aiming for nightly rates between $120-200 depending on property size and amenities, while calculating potential monthly revenue against mortgage, utilities, cleaning, and Prairie Village's business license requirements. Research competition by analyzing occupancy rates and guest reviews of existing STRs within a 2-mile radius, identifying gaps in amenities or service quality you can exploit. Utilize tools like AirDNA and Mashvisor for market data specific to Johnson County, consult the Prairie Village city clerk's office regarding STR regulations and permit requirements, leverage Zillow and Realtor.com for property acquisition research, and connect with local property management companies familiar with Prairie Village's upscale rental market to understand operational costs and guest expectations in this affluent Kansas City suburb.
To obtain an Airbnb/STR permit in Prairie Village, Kansas, you must first contact the Prairie Village Planning Department at City Hall located at 7700 Mission Road to determine current short-term rental regulations, as the city has been developing STR ordinances since 2019-2020. You'll need to submit an application including property ownership documentation, floor plans, proof of insurance with minimum $1 million liability coverage, a site plan showing parking availability, and contact information for a local property manager if you're not residing on-site. Required documents typically include a business license application, zoning compliance verification, fire safety inspection certificate, and neighbor notification forms for properties within 200 feet of your rental. The application fee is estimated at $150-300 with annual renewal fees around $100-200, and the process typically takes 30-60 days for approval including review periods and potential Planning Commission hearings. Prairie Village specific requirements include maintaining adequate off-street parking (minimum 2 spaces), limiting occupancy to 2 guests per bedroom plus 2 additional guests, ensuring 24/7 local contact availability, posting house rules regarding noise and parking, and compliance with residential zoning standards that may restrict STRs in certain neighborhoods or require conditional use permits depending on the property's zoning classification.
Short-term rentals (STRs) are currently prohibited in Prairie Village, Kansas. The city implemented a comprehensive ban on STRs in residential areas around 2019-2020 following concerns from residents about noise, parking, and neighborhood character disruption. Prairie Village's municipal code specifically prohibits the use of residential properties for transient lodging or short-term rental purposes, with violations subject to fines and enforcement action. The city defines STRs as rentals of less than 30 days and applies this restriction across all residential zoning districts. Unlike some neighboring Johnson County municipalities that have adopted regulatory frameworks allowing STRs with permits and restrictions, Prairie Village has maintained its prohibition stance. Property owners caught operating illegal STRs face code enforcement actions, daily fines, and potential legal proceedings. The city has not indicated any recent moves to reconsider or modify this ban, and the current city council appears supportive of maintaining the prohibition to preserve residential neighborhood integrity.
The best areas for Airbnb investment in Prairie Village, Kansas are the neighborhoods near the Prairie Village Shopping Center and Corinth Square, which attract business travelers visiting the numerous corporate offices and retail headquarters in the area, as well as families attending events at nearby Shawnee Mission parks. The residential areas around Mission Hills Country Club are particularly attractive due to their proximity to golf tourism and upscale dining establishments that draw visitors year-round. The neighborhoods near the University of Kansas Medical Center (approximately 10 miles away) benefit from medical tourism and visiting families of patients, while areas close to the Kansas City metropolitan border capture overflow demand from Kansas City's major attractions, sporting events at Arrowhead Stadium and Kauffman Stadium, and business conferences at the Kansas City Convention Center. Properties near the Village Presbyterian Church area also perform well due to religious conferences and wedding events, and the tree-lined residential streets between Mission Road and State Line Road are ideal for families visiting the excellent Shawnee Mission school district or attending youth sports tournaments at the various recreational facilities throughout Johnson County.
Prairie Village, Kansas imposes a transient guest tax of 6% on short-term rental accommodations including Airbnbs, which applies to stays of less than 28 consecutive days. This tax is collected directly from guests at the time of booking or check-in by the property owner or host, who must register with the city's finance department and obtain a transient guest tax license. Hosts are required to remit collected taxes monthly by the 20th of the following month using forms provided by the city, with penalties applied for late payments. Additionally, Airbnb properties are subject to Kansas state sales tax of 6.5% and Johnson County sales tax of approximately 1.475%, bringing the total tax burden to around 13.975%. The city requires detailed records of all bookings, guest information, and tax collections to be maintained for at least three years. Exemptions may apply for stays exceeding 28 days, government employees on official business, and certain non-profit organization bookings, though documentation must be provided to qualify for these exemptions.
The total cost to start an Airbnb in Prairie Village, Kansas would be approximately $385,000-$420,000. Property purchase costs around $350,000 based on median home prices in this Kansas City suburb. Furnishing a 3-bedroom property would cost $15,000-$20,000 including furniture, bedding, kitchenware, and decor from retailers like IKEA, Wayfair, and local stores. Initial setup costs including professional photography, listing creation, and basic renovations total $3,000-$5,000. Permits and fees including business license, occupancy permits, and potential HOA approvals cost $500-$1,500. Insurance including landlord and short-term rental coverage runs $2,000-$3,000 annually. Utilities setup and deposits for electricity, gas, water, internet, and cable cost $500-$800. First six months operating costs including utilities ($900/month), cleaning services ($100 per turnover), supplies and maintenance ($200/month), platform fees to Airbnb and VRBO (3% of bookings), and marketing total approximately $8,000-$12,000 assuming 60% occupancy rates and $150 average nightly rates typical for Prairie Village's market.
Airbnb properties in Prairie Village, Kansas typically generate annual revenues between $18,000-$35,000 for well-positioned homes, with average daily rates ranging from $85-$150 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 ($1,200-2,000 annually), and maintenance costs ($2,000-4,000 yearly). Properties within walking distance of Prairie Village's shopping district and those offering 3+ bedrooms with modern amenities achieve higher occupancy rates of 65-75% compared to the market average of 50-60%. Success factors include proximity to Kansas City attractions, competitive pricing against hotels in nearby Overland Park, professional photography, and responsive guest communication. A typical 3-bedroom home purchased for $350,000 with a $50,000 renovation investment can generate net profits of $8,000-$15,000 annually after all expenses, representing a 2-4% annual return on investment, though this improves significantly for properties owned outright without mortgage payments, where profit margins can reach 25-35% of gross revenue.
Based on Prairie Village, Kansas market conditions, Airbnb investments typically generate annual ROI of 8-12% with cash-on-cash returns ranging from 6-10% depending on property type and location within the city. Single-family homes near the Prairie Village Shopping District and close to Kansas City attractions tend to perform better, with investors like Vacasa and RedAwning reporting stronger returns in similar suburban Kansas markets. Properties purchased in 2022-2023 with 20-25% down payments generally reach profitability within 12-18 months, assuming average daily rates of $85-120 and occupancy rates of 65-75%. The timeframe to full investment recovery typically spans 8-12 years, with companies such as AirDNA and Mashvisor providing market data showing Prairie Village's proximity to Kansas City's business district and attractions like the Nelson-Atkins Museum driving consistent demand, particularly for properties that can accommodate 4-6 guests with modern amenities and easy highway access.
STRSearch is a national platform that specializes in identifying profitable short-term rental properties for investors looking in Prairie Village, Kansas. Local real estate agents like those at ReeceNichols, Coldwell Banker Hedrick, and RE/MAX Premier Properties have experience with investment properties in the Kansas City metro area including Prairie Village. National services such as Mashvisor, BiggerPockets, and AirDNA provide market analysis and property identification tools for Airbnb investments in the area. RedAwning and Vacasa offer property management services that can help investors identify suitable properties while providing ongoing management. Local property management companies like Kansas City Property Management and Pyramid Real Estate Group understand the Prairie Village market dynamics. Investment-focused platforms like Roofstock and HomeUnion occasionally feature Kansas properties suitable for short-term rentals. Real estate investment groups such as the Kansas City Real Estate Investors Association provide networking opportunities and local market insights. Additionally, companies like AvantStay and Awning focus on helping investors optimize their short-term rental investments in suburban markets like Prairie Village.
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