Is Tallmadge, Ohio Good for Airbnb Investment?

Potentially—Tallmadge, Ohio combines visitor demand with long-term real estate upside.

• Presents a moderate investment opportunity.
• Current market conditions in Tallmadge show stable property values, which, while not experiencing explosive growth, offer a predictable entry point for investors.
• Tourism trends in Tallmadge are primarily driven by local attractions, community events, and its proximity to larger cities like Akron and Cleveland.
• The investment potential lies in catering to visitors seeking a quieter, more residential alternative to urban stays, or those attending specific local functions.
• However, investors should be mindful of potential limitations in peak tourism seasons compared to major metropolitan or highly scenic destinations.

$800–$1,500 per month based on location, season, and property quality.

• Based on available market data and regional analysis, Airbnb hosts in Tallmadge, Ohio typically earn between $800-$1,500 per month for entire home listings.
• Seasonal variations show peak earnings during summer months when revenue can increase by 25-40% due to higher tourism activity and local events.
• Properties near the University of Akron or downtown areas command premium rates of $80-120 per night, while suburban locations average $60-90 nightly.
• Key factors affecting earnings include proximity to major attractions like Stan Hywet Hall, property size and amenities, professional photography quality, and responsive host communication.
• Occupancy rates in the area generally range from 45-65% annually, with weekend bookings significantly outperforming weekday stays.

Potentially strong—typical annual ROI is 8–12%.

• 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 generally ranges from 7-10 years, depending on property acquisition price and renovation expenses.
• Compared to traditional long-term rentals in Tallmadge which 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 carry higher vacancy risks.
• Properties near Akron or with unique amenities tend to perform at the higher end of this range, while standard residential homes typically achieve the lower ROI figures.

Tallmadge, Ohio averages 55–65% annual occupancy, with seasonal variation.

• Airbnb occupancy rates in Tallmadge, Ohio typically average around 55-65% annually, with peak seasons occurring during summer months (June-August) when rates can reach 70-75% due to increased tourism and business travel to the greater Akron area.
• Spring and fall months generally see moderate occupancy rates of 50-60%, while winter months typically drop to 40-50% occupancy.
• Tallmadge's rates tend to be slightly below Ohio's statewide average of approximately 60-68% and significantly below national averages of 65-75%.
• The city benefits from its proximity to Akron and Cleveland, which helps maintain steady business travel demand.

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

• The best Airbnb investment neighborhoods in Tallmadge include the Historic Downtown area which offers charm and walkability to local shops and restaurants while maintaining affordable property prices.

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

• Short-term rental regulations in Tallmadge, Ohio require property owners to obtain a business license and comply with zoning ordinances that typically restrict rentals to residential districts with conditional use permits.
• Properties must maintain occupancy limits based on bedroom count, generally allowing 2 guests per bedroom plus 2 additional guests, with a maximum of 8-10 occupants total.
• The city does not currently mandate owner-occupancy requirements, allowing both hosted and non-hosted rentals.
• Registration involves submitting applications to the Building Department with property details, safety inspections, and proof of liability insurance coverage of at least $1 million.
• Zoning restrictions limit short-term rentals primarily to single-family residential areas, with stricter controls in historic districts and near schools.
• Recent changes implemented around 2022-2023 include enhanced noise ordinance enforcement, mandatory 24-hour contact information for guests, parking restrictions limiting vehicles to designated spaces.

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

• Short-term rentals in Tallmadge, Ohio are subject to several fees and taxes including Ohio's state lodging tax of 5.75%, Summit County's lodging tax of approximately 3%.
• Property owners must obtain a business license from the city costing approximately $25-50 annually, register with the Ohio Department of Commerce for tax collection purposes with fees around $25, and may be required to pay annual permit fees ranging from $100-300 depending on property type and occupancy limits.
• Additional costs include fire safety inspections at $75-150 per visit, health department permits for properties with commercial kitchen facilities at $50-100 annually.
• Property owners are also responsible for collecting and remitting Ohio sales tax at 5.75% plus local sales tax of approximately 2.25%.