So why vacation to Forest Grove? Isn't That Just Trees?
First things first, let's address the elephant in the room - or should I say, the Douglas Fir in the room?
Yes, Forest Grove is known for its trees, but it's so much more than that. This charming city is a hidden gem, brimming with potential for the short-term rental market.
Think about it - it's close enough to Portland for a city escape, yet far enough to feel like a retreat. Perfect for weekend getaways, right?
The Numbers:
Average nightly rate: $151.42
Average Occupancy: 51%
Average Gross Revenue: $30.6K
TLT Tax Rate: 3% (city only)
According to AirDNA on 1/9/24
Top Attractions:
-Pacific University
-McMenamins Grand Lodge
-Sake One
The Airbnb Market is Like Your Favorite Indie Band - Still Undiscovered
Here's the scoop: Forest Grove's Airbnb market is like that cool indie band you knew before they hit the big time. It's still relatively undiscovered, meaning competition isn't as fierce as in more saturated markets. You know what that means? It's your chance to be a trendsetter! Get in before the market becomes the next 'Old Town Road' - overplayed and overcrowded.
Natural Beauty and Wineries - A Match Made in Heaven
Imagine this: You own a quaint, cozy rental, surrounded by Oregon's stunning natural beauty. Guests can spend their days exploring the scenic trails and their evenings sipping local wines. Forest Grove is nestled near some of the best wineries in the state. Wine not invest here?
Small Town Charm With Big City Access
Forest Grove might have that small-town charm, but let's not forget it's just a hop, skip, and a jump away from Portland. This means you get the best of both worlds - the tranquility of a small town and the buzz of a big city. It's like having your cake and eating it too, but the cake is made of money.
So, Why Wait?
By now, you're probably asking yourself, "Why haven't I invested in Forest Grove already?" Good question! The time is ripe, my friend. This city is like a secret fishing spot that's just starting to get popular. You want to be there with your rod (or in this case, your investment) ready.
Conclusion:
Investing in a short-term rental property in Forest Grove is like finding a rare Pokémon card at a garage sale - it's a golden opportunity that's hiding in plain sight. So, what are you waiting for? Dive into the Forest Grove Airbnb market and let the adventure begin!
P.S. - And hey, worst case scenario, you end up with a beautiful getaway spot in one of Oregon's prettiest towns. Not too shabby, right?
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