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Wildwood, New Jersey is a popular vacation destination on the Jersey Shore, known for its iconic boardwalk, amusement parks, and beautiful beaches. As a result, the short-term rental market in Wildwood has seen significant growth in recent years, with more and more travelers seeking to experience the area's unique charms through vacation home rentals.
The Wildwood vacation rental market is estimated to be worth over $100 million annually, with thousands of properties available for rent across the region, including in Wildwood Crest, North Wildwood, and Diamond Beach. The market has experienced steady growth of around 8-10% per year over the past five years, driven by the area's increasing popularity as a family-friendly summer destination.
According to data from vacation rental platforms like VRBO and Airbnb, the average nightly rate for a Wildwood vacation rental is around $300, with peak summer rates often exceeding $500 per night. Occupancy rates for well-managed properties typically range from 60-80% during the peak summer season, with some properties achieving even higher occupancy levels.
The busiest times of year for Wildwood vacation rentals are the summer months, particularly July and August, when the area's beaches, boardwalk, and amusement parks draw large crowds. However, the shoulder seasons of spring and fall also see significant demand, as travelers seek to enjoy the area's milder weather and fewer crowds. (For more detailed market data, please refer to the Market Overview section.)
The Wildwood vacation rental management market is highly competitive, with a mix of local, regional, and national property management companies vying for a share of the market. Some of the key players in the Wildwood rental market include Vacation Rentals Wildwood, Avalon Vacation Rental Management, Down Home Property Management, and Island Realty Group, among others.
These companies offer a range of services, from listing and marketing properties to handling guest communication, cleaning, and maintenance. They also leverage their expertise in the local market to help owners maximize their rental income and occupancy rates.
Vacation Rentals Wildwood is one of the largest and most established property management companies in the Wildwood area, with a portfolio of over 1,000 vacation rental properties across the region. The company has been serving the Wildwood market for over a decade and is known for its exceptional customer service and deep understanding of the local market.
Avalon Vacation Rental Management is another prominent player in the Wildwood rental market, with a focus on high-end properties in the Wildwood Crest and Diamond Beach areas. The company's team of experienced property managers and marketing experts help owners achieve top-tier rental performance.
Down Home Property Management is a regional company that has been managing vacation rentals in Wildwood and the surrounding areas for over 20 years. The company's local expertise and personalized approach to property management have made it a popular choice among Wildwood property owners.
Island Realty Group is a full-service real estate and property management company that has been serving the Wildwood market for decades. In addition to its rental management services, the company also offers sales and investment property services to clients in the area.