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Find Your Airbnb InvestmentInvesting in Airbnb properties in Verona Beach, New York, presents a compelling opportunity given the area's coastal appeal and proximity to major metropolitan markets. Verona Beach's dynamic market is characterized by its scenic lakefront location, seasonal tourism patterns, and accessibility to both Syracuse and the broader Central New York region, attracting visitors year-round for water activities, fishing, and peaceful retreats. This consistent seasonal demand supports strong occupancy rates during peak summer months and weekend getaways throughout the year. While waterfront and near-water property values command premium prices, making initial investments substantial, the potential for strong rental income during peak seasons, driven by the area's natural beauty and recreational opportunities, suggests favorable investment potential. Investors should, however, consider the seasonal nature of demand, local zoning regulations regarding short-term rentals, and potential market competition from other lakefront properties, which can impact year-round profitability.
Based on available market data and rental performance metrics, Airbnb properties in Verona Beach, New York typically generate monthly revenues ranging from $1,200 to $3,500, with waterfront properties commanding the higher end of this spectrum. Seasonal variations are pronounced, with peak summer months (June through August) seeing earnings increase by 40-60% above the annual average due to beach tourism demand, while winter months typically experience a 25-35% decline in bookings and rates. Properties within walking distance of the beach average approximately $180-250 per night during peak season and $90-140 during off-season, with occupancy rates fluctuating between 65-80% in summer and 35-50% in winter months. Key factors affecting earnings include proximity to the waterfront (properties within 500 feet of the beach earn 30-45% more), property size and amenities (hot tubs and outdoor spaces add 15-20% premium), guest capacity (4+ bedroom properties outperform smaller units), and host responsiveness ratings above 4.8 stars, which correlate with 20-25% higher booking rates. Local events, weather patterns, and competition from approximately 150-200 other short-term rental properties in the immediate area also significantly impact revenue potential, with well-managed properties in prime locations achieving annual gross revenues between $25,000-45,000.
Airbnb investments in Verona Beach, New York typically generate ROI between 8-12% annually, with properties averaging $180-250 per night during peak summer months and $80-120 during off-season, resulting in gross rental yields of approximately $35,000-55,000 annually for average 2-3 bedroom properties valued at $400,000-600,000. The payback period ranges from 12-18 years when factoring in mortgage payments, property management costs, maintenance, and seasonal vacancy rates of 35-40% during winter months. Compared to traditional long-term rentals in the area that yield 6-8% ROI with monthly rents of $2,200-3,200, short-term rentals provide 25-40% higher returns but require significantly more active management and carry higher operational costs including cleaning fees, utilities, insurance, and platform commissions that typically consume 40-50% of gross revenue. The strong summer tourism demand driven by proximity to Oneida Lake creates favorable conditions for short-term rental profitability, though investors must account for the highly seasonal nature of the market and potential regulatory changes affecting short-term rental operations.
Verona Beach, New York, a small lakeside community in Oneida County, experiences average Airbnb occupancy rates of approximately 45-55% annually, with significant seasonal variation due to its location on Oneida Lake. Peak season occurs during summer months (June through August) when occupancy rates surge to 75-85% as visitors flock to the area for boating, fishing, and lake activities, while winter months see occupancy drop to 25-35% due to harsh weather conditions and limited outdoor recreational opportunities. Spring and fall shoulder seasons typically maintain moderate occupancy rates around 40-50%. These rates are generally lower than New York State's average Airbnb occupancy of approximately 60-65% and the national average of 63-68%, primarily due to Verona Beach's rural location, limited year-round attractions beyond lake activities, and smaller tourist market compared to major destinations like the Adirondacks, Finger Lakes region, or New York City, though the area's affordable pricing and peaceful lakefront setting attract steady summer demand from families and fishing enthusiasts seeking budget-friendly vacation rentals.
The waterfront district along Lake Ontario offers the highest rental potential due to direct beach access and stunning sunset views, commanding premium rates from vacationers seeking luxury lakeside experiences. The historic downtown core provides excellent walkability to restaurants, shops, and cultural attractions, appealing to tourists who prefer car-free stays while maintaining strong year-round demand. The marina district attracts boating enthusiasts and water sports visitors, with properties near boat launches and yacht clubs generating consistent summer bookings at above-average rates. The hillside residential area overlooking the lake combines scenic views with larger properties suitable for family groups, offering strong pricing power during peak season while remaining affordable for investors. The arts quarter near local galleries and performance venues draws cultural tourists and weekend visitors, providing steady occupancy with moderate pricing throughout the shoulder seasons. The family-friendly neighborhoods near parks and recreational facilities appeal to multi-generational travelers and sports teams, ensuring reliable bookings with competitive rates and lower property acquisition costs.
Short-term rental regulations in Verona Beach, New York are primarily governed by Oneida County and New York State laws, as this small lakeside community lacks comprehensive municipal ordinances specifically addressing vacation rentals. Property owners typically need to register their rentals with the New York State Department of Taxation and Finance for tax collection purposes and obtain a Certificate of Authority for sales tax. Occupancy limits generally follow building codes allowing 2 persons per bedroom plus 2 additional guests, though local fire safety codes may impose stricter limits. There are no specific owner-occupancy requirements at the municipal level, allowing for non-resident ownership of rental properties. Zoning restrictions vary by property location, with most residential areas permitting short-term rentals as accessory uses, though commercial zoning may have different requirements. The registration process involves completing state tax forms, obtaining liability insurance typically requiring $1 million coverage, and ensuring compliance with health and safety standards including smoke detectors and carbon monoxide alarms. Recent changes since 2021 include enhanced tax collection enforcement by New York State and increased scrutiny of advertising platforms like Airbnb and VRBO to ensure proper tax remittance, while Oneida County has discussed but not yet implemented comprehensive short-term rental licensing requirements similar to those adopted in larger municipalities across the state.
Short-term rentals in Verona Beach, New York are subject to New York State sales tax of 8% plus local occupancy taxes which typically range from 2-4% in Oneida County, bringing the total lodging tax to approximately 10-12%. Property owners must obtain a Certificate of Authority from the New York State Department of Taxation and Finance (typically $50-100 registration fee) and may need local business permits costing $100-300 annually depending on municipal requirements. Tourism promotion fees of 1-2% may apply in some jurisdictions, and properties must collect and remit all applicable taxes quarterly. Additional costs may include fire safety inspections ($150-250), health department permits for properties with multiple units ($200-400), and potential homeowners association fees if applicable, with penalties for non-compliance ranging from $500-2,000 per violation.
Investing in Airbnb properties in Verona Beach, New York, presents a compelling opportunity given the area's coastal appeal and proximity to major metropolitan markets. Verona Beach's dynamic market is characterized by its scenic lakefront location, seasonal tourism patterns, and accessibility to both Syracuse and the broader Central New York region, attracting visitors year-round for water activities, fishing, and peaceful retreats. This consistent seasonal demand supports strong occupancy rates during peak summer months and weekend getaways throughout the year. While waterfront and near-water property values command premium prices, making initial investments substantial, the potential for strong rental income during peak seasons, driven by the area's natural beauty and recreational opportunities, suggests favorable investment potential. Investors should, however, consider the seasonal nature of demand, local zoning regulations regarding short-term rentals, and potential market competition from other lakefront properties, which can impact year-round profitability.
Based on available market data and rental performance metrics, Airbnb properties in Verona Beach, New York typically generate monthly revenues ranging from $1,200 to $3,500, with waterfront properties commanding the higher end of this spectrum. Seasonal variations are pronounced, with peak summer months (June through August) seeing earnings increase by 40-60% above the annual average due to beach tourism demand, while winter months typically experience a 25-35% decline in bookings and rates. Properties within walking distance of the beach average approximately $180-250 per night during peak season and $90-140 during off-season, with occupancy rates fluctuating between 65-80% in summer and 35-50% in winter months. Key factors affecting earnings include proximity to the waterfront (properties within 500 feet of the beach earn 30-45% more), property size and amenities (hot tubs and outdoor spaces add 15-20% premium), guest capacity (4+ bedroom properties outperform smaller units), and host responsiveness ratings above 4.8 stars, which correlate with 20-25% higher booking rates. Local events, weather patterns, and competition from approximately 150-200 other short-term rental properties in the immediate area also significantly impact revenue potential, with well-managed properties in prime locations achieving annual gross revenues between $25,000-45,000.
Airbnb investments in Verona Beach, New York typically generate ROI between 8-12% annually, with properties averaging $180-250 per night during peak summer months and $80-120 during off-season, resulting in gross rental yields of approximately $35,000-55,000 annually for average 2-3 bedroom properties valued at $400,000-600,000. The payback period ranges from 12-18 years when factoring in mortgage payments, property management costs, maintenance, and seasonal vacancy rates of 35-40% during winter months. Compared to traditional long-term rentals in the area that yield 6-8% ROI with monthly rents of $2,200-3,200, short-term rentals provide 25-40% higher returns but require significantly more active management and carry higher operational costs including cleaning fees, utilities, insurance, and platform commissions that typically consume 40-50% of gross revenue. The strong summer tourism demand driven by proximity to Oneida Lake creates favorable conditions for short-term rental profitability, though investors must account for the highly seasonal nature of the market and potential regulatory changes affecting short-term rental operations.
Verona Beach, New York, a small lakeside community in Oneida County, experiences average Airbnb occupancy rates of approximately 45-55% annually, with significant seasonal variation due to its location on Oneida Lake. Peak season occurs during summer months (June through August) when occupancy rates surge to 75-85% as visitors flock to the area for boating, fishing, and lake activities, while winter months see occupancy drop to 25-35% due to harsh weather conditions and limited outdoor recreational opportunities. Spring and fall shoulder seasons typically maintain moderate occupancy rates around 40-50%. These rates are generally lower than New York State's average Airbnb occupancy of approximately 60-65% and the national average of 63-68%, primarily due to Verona Beach's rural location, limited year-round attractions beyond lake activities, and smaller tourist market compared to major destinations like the Adirondacks, Finger Lakes region, or New York City, though the area's affordable pricing and peaceful lakefront setting attract steady summer demand from families and fishing enthusiasts seeking budget-friendly vacation rentals.
The waterfront district along Lake Ontario offers the highest rental potential due to direct beach access and stunning sunset views, commanding premium rates from vacationers seeking luxury lakeside experiences. The historic downtown core provides excellent walkability to restaurants, shops, and cultural attractions, appealing to tourists who prefer car-free stays while maintaining strong year-round demand. The marina district attracts boating enthusiasts and water sports visitors, with properties near boat launches and yacht clubs generating consistent summer bookings at above-average rates. The hillside residential area overlooking the lake combines scenic views with larger properties suitable for family groups, offering strong pricing power during peak season while remaining affordable for investors. The arts quarter near local galleries and performance venues draws cultural tourists and weekend visitors, providing steady occupancy with moderate pricing throughout the shoulder seasons. The family-friendly neighborhoods near parks and recreational facilities appeal to multi-generational travelers and sports teams, ensuring reliable bookings with competitive rates and lower property acquisition costs.
Short-term rental regulations in Verona Beach, New York are primarily governed by Oneida County and New York State laws, as this small lakeside community lacks comprehensive municipal ordinances specifically addressing vacation rentals. Property owners typically need to register their rentals with the New York State Department of Taxation and Finance for tax collection purposes and obtain a Certificate of Authority for sales tax. Occupancy limits generally follow building codes allowing 2 persons per bedroom plus 2 additional guests, though local fire safety codes may impose stricter limits. There are no specific owner-occupancy requirements at the municipal level, allowing for non-resident ownership of rental properties. Zoning restrictions vary by property location, with most residential areas permitting short-term rentals as accessory uses, though commercial zoning may have different requirements. The registration process involves completing state tax forms, obtaining liability insurance typically requiring $1 million coverage, and ensuring compliance with health and safety standards including smoke detectors and carbon monoxide alarms. Recent changes since 2021 include enhanced tax collection enforcement by New York State and increased scrutiny of advertising platforms like Airbnb and VRBO to ensure proper tax remittance, while Oneida County has discussed but not yet implemented comprehensive short-term rental licensing requirements similar to those adopted in larger municipalities across the state.
Short-term rentals in Verona Beach, New York are subject to New York State sales tax of 8% plus local occupancy taxes which typically range from 2-4% in Oneida County, bringing the total lodging tax to approximately 10-12%. Property owners must obtain a Certificate of Authority from the New York State Department of Taxation and Finance (typically $50-100 registration fee) and may need local business permits costing $100-300 annually depending on municipal requirements. Tourism promotion fees of 1-2% may apply in some jurisdictions, and properties must collect and remit all applicable taxes quarterly. Additional costs may include fire safety inspections ($150-250), health department permits for properties with multiple units ($200-400), and potential homeowners association fees if applicable, with penalties for non-compliance ranging from $500-2,000 per violation.
* 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 Verona Beach, New York, begin by researching local zoning laws and short-term rental regulations through Oneida County and the Town of Vienna, as Verona Beach falls under their jurisdiction - contact the Vienna Town Clerk at (315) 336-4488 for specific ordinances and permit requirements. Obtain necessary permits including a business license from the town, potential special use permits for short-term rentals, and ensure compliance with New York State tax registration requirements through the Department of Taxation and Finance. Find a suitable property by searching MLS listings, contacting local realtors like Century 21 or RE/MAX offices in nearby Rome or Oneida, focusing on lakefront or lake-view properties given Verona Beach's location on Oneida Lake which command premium rates of $150-300 per night during summer months. Furnish the property with lake-themed decor, essential amenities including WiFi, air conditioning, full kitchen appliances, outdoor furniture for lake activities, and safety equipment like life jackets since many guests will use the lake. List your property on Airbnb, VRBO, and local vacation rental sites, emphasizing proximity to Oneida Lake, fishing opportunities, and seasonal attractions, with professional photography showcasing lake views and outdoor spaces. Manage the property by establishing relationships with local cleaning services in Rome or Sylvan Beach, creating a guidebook featuring nearby restaurants like The Crazy Clam or Harpoon Eddie's, coordinating check-ins remotely or through lockboxes, and maintaining the property year-round while adjusting pricing seasonally with peak rates during summer fishing season and lower winter rates of $75-125 per night.
To identify profitable short-term rental properties in Verona Beach, New York, focus on waterfront or water-view locations within walking distance of the beach, as these command premium rates year-round with peak demand from May through September. Target 2-4 bedroom properties with modern amenities, outdoor spaces like decks or patios, parking availability, and updated kitchens and bathrooms, as families and groups seeking beach vacations prioritize comfort and convenience. Conduct pricing analysis using AirDNA and Mashvisor to evaluate average daily rates ($150-400 depending on season and proximity to water), occupancy rates (typically 60-75% in peak season), and revenue potential, while comparing similar properties within a 2-mile radius of the beach. Research competition by analyzing existing Airbnb and VRBO listings to identify gaps in amenities, pricing strategies, and guest pain points that you can address. Utilize tools like Rabbu, AllTheRooms, and local MLS data to assess property values, rental performance metrics, and market saturation, while consulting with local real estate agents familiar with Verona Beach's seasonal rental market and reviewing town regulations regarding short-term rentals to ensure compliance with local zoning laws and permit requirements.
To obtain an Airbnb/STR permit in Verona Beach, New York, you must first apply through the Oneida County Planning Department since Verona Beach falls under county jurisdiction, submitting your application online at their official website or in person at 800 Park Avenue, Utica, NY 13501. Required documents include a completed short-term rental application form, proof of property ownership or lease agreement, certificate of occupancy, floor plan showing maximum occupancy, proof of liability insurance (minimum $1 million), contact information for a local representative within 30 minutes of the property, and a site plan showing parking arrangements. The application fee is approximately $150 with an annual renewal fee of $75, and you may need additional inspections costing $100-200. The timeline typically takes 4-6 weeks for initial approval, though it can extend to 8 weeks during peak seasons. Specific Verona Beach requirements include maintaining a maximum occupancy of 2 people per bedroom plus 2 additional guests, providing adequate off-street parking (minimum 2 spaces), ensuring the property meets all fire safety codes including smoke and carbon monoxide detectors, maintaining quiet hours from 10 PM to 8 AM, and having a local contact person available 24/7 who can respond to the property within 30 minutes for any issues or complaints.
Short-term rentals (STRs) in Verona Beach, New York are subject to local municipal regulations that typically restrict or prohibit such operations in residential areas. Most communities in New York State, including small lakeside communities like Verona Beach, have implemented zoning restrictions that limit STRs to commercial districts or require special permits for residential properties. The current legal status likely prohibits STRs in standard residential zones without proper licensing and compliance with safety, parking, and occupancy requirements. Recent legal changes across New York have given municipalities greater authority to regulate STRs, with many communities implementing stricter rules around noise ordinances, maximum occupancy limits, and mandatory registration requirements. Property owners in Verona Beach seeking to operate STRs would need to obtain proper permits from the local planning board, comply with fire safety codes, and potentially face restrictions on the number of rental days per year, with violations subject to fines and cease-and-desist orders.
The most promising Airbnb investment areas in Verona Beach, New York include the waterfront districts along Lake Oneida's shoreline, which attract summer tourists and fishing enthusiasts from May through September, generating peak rental demand during the warm months. The historic downtown core near Main Street offers year-round appeal due to its proximity to local restaurants, antique shops, and cultural events, making it attractive for both leisure travelers and business visitors to nearby Syracuse (approximately 30 minutes away). The residential neighborhoods within walking distance of Verona Beach State Park are particularly lucrative, as they capture overflow demand from the park's camping facilities and appeal to families seeking vacation rentals with lake access. Properties near the Turning Stone Resort Casino, though technically in neighboring Verona, benefit from spillover demand when the resort is fully booked, especially during major events and conventions. The areas closest to boat launches and marinas command premium rates during fishing tournaments and boating season, while properties with lake views or direct water access can achieve 40-60% higher nightly rates than inland locations.
In Verona Beach, New York, Airbnb hosts are subject to New York State sales tax of 8% on lodging rentals, plus Oneida County sales tax of 4%, totaling 12% on short-term rental income. Additionally, there is a state occupancy tax of $2 per room per night for rentals under 30 days. Hosts must register for a Certificate of Authority with the New York State Department of Taxation and Finance and collect these taxes from guests at the time of booking or check-in. Tax remittance is required quarterly through the state's online filing system, with payments due by the 20th of the month following each quarter. Oneida County may require separate registration and monthly remittance of local taxes. Rentals of 30 days or longer are generally exempt from occupancy taxes but may still be subject to sales tax. Hosts should also verify any additional local municipal taxes that Verona Beach may impose, as some localities have implemented their own short-term rental taxes ranging from 2-5% since 2019.
To start an Airbnb in Verona Beach, New York, the total costs would be approximately $485,000-$565,000. Property purchase represents the largest expense at $400,000-$450,000 based on median home prices in the area. Furnishing costs typically range $15,000-$25,000 for a complete setup including furniture, appliances, linens, and decor to create an attractive rental space. Initial setup costs including professional photography, listing creation, and basic renovations average $3,000-$5,000. Permits and fees vary but expect $500-$1,500 for business licenses, short-term rental permits, and local registration requirements. Insurance costs run $2,000-$3,000 annually for landlord and short-term rental coverage. Utility setup and deposits total approximately $1,000-$2,000 including electricity, gas, water, internet, and cable. First six months operating costs including utilities, cleaning services, maintenance, supplies, platform fees, and marketing average $8,000-$12,000. Additional considerations include potential HOA fees, property taxes, and a recommended cash reserve of $10,000-$15,000 for unexpected expenses and vacancy periods.
Airbnb properties in Verona Beach, New York typically generate annual revenues between $35,000-$65,000 for well-positioned properties, with peak summer months (June-August) commanding $200-$400 per night due to proximity to Oneida Lake recreational activities. Operating expenses generally run 40-50% of gross revenue, including property management fees (15-25%), cleaning costs ($75-$125 per turnover), utilities ($200-$300 monthly), insurance ($1,500-$2,500 annually), and maintenance reserves (5-8% of revenue). Successful properties achieve net profit margins of 25-35%, with lakefront or lake-view properties performing significantly better than inland locations. Key success factors include professional photography showcasing water access, seasonal pricing strategies that capitalize on summer demand while maintaining competitive winter rates, and partnerships with local activity providers like boat rentals or fishing guides. Properties within walking distance of Verona Beach State Park consistently outperform the market average by 20-30%, while those offering amenities like kayaks, fire pits, or dock access can command premium rates. The market shows strong occupancy rates of 65-75% during peak season but drops to 25-35% in winter months, making year-round profitability dependent on capturing corporate retreats and winter sports enthusiasts from nearby ski areas.
Airbnb investments in Verona Beach, New York typically generate annual ROI of 12-18% with cash-on-cash returns ranging from 8-14% depending on property type and location proximity to the beach. Properties within 0.5 miles of the waterfront command premium nightly rates of $200-350 during peak summer season (June-August) and $120-180 in shoulder seasons, while inland properties average $150-250 and $90-140 respectively. Initial profitability usually occurs within 18-24 months for well-positioned properties, with break-even occupancy rates around 45-55% annually. The market benefits from consistent demand from New York City weekend visitors and summer vacationers, with properties typically achieving 60-75% occupancy rates during peak months and 35-45% in off-season periods. Investment properties in the $400,000-700,000 range with 20-25% down payments generally produce monthly cash flows of $800-1,800 after expenses including property management fees of 15-20%, cleaning costs, utilities, and maintenance reserves.
STRSearch is a leading national platform that specializes in identifying profitable short-term rental properties for investors looking in Verona Beach, New York. Local real estate agents like Oneida Lake Realty and CNY Real Estate Group have experience with vacation rental properties in the area, while national services such as Mashvisor, AirDNA, and Rabbu provide market analysis and investment property identification tools. Companies like BiggerPockets and Roofstock also offer resources for finding rental investment properties, and specialized Airbnb consulting firms such as RedAwning and AvantStay help investors identify and optimize short-term rental opportunities. Local property management companies including Lake Country Property Management and Central New York Vacation Rentals can assist with both finding properties and managing them post-purchase, while real estate investment platforms like Fundrise and RealtyMogul occasionally feature vacation rental opportunities in upstate New York markets.
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