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Market Research

Williamstown, KY

What are the STR Laws
Look at market: bedrooms, amenities, etc
Find the average annual revenue by bedrooms interested in ex: a 4br = $60,000
Look for the top performing properties of the bedroom counts interested in: top 2 categories in pricing
What do they look like? Style, design
Where are they located?
Amenities
Look for things to do and find golden triangles (google bard)
Setup a search on zillow with what found
Is this an area we want to pursue? If yes look for realtor on Bigger Pockets

STR Laws

Short-term vacation/housing rentals are permitted within the City of Williamstown and approved by a Conditional Use Permit process. The City does not have a minimum night requirement. There are specific zones where short-term vacation/housing rentals may be considered. The zones are A-1, R-2, R-3, R-4, R-5, and Central Business District (not on street level but second story or above).
Click here
⁠
to view the City of Williamstown's Zoning Map. Maximum occupancy currently is based on two people per bedroom plus two additional people for any pull-out sofas, futons, etc.

In short, you have to have a permit and it has to be in certain areas but there is a lot of these areas - no very restrictive in terms of options.

Market Stats

Williamstown, KY Market Overview By Bedroom (20% GY)
Market
Num BRs
% of market
Fifty % Monthly
Seventy-Five % Monthly
Low Target Home Price
Highest Target Home Price
1
17%
1600
2700
$96,000.00
$162,000.00
4
15%
7300
9900
$438,000.00
$594,000.00
5+
11%
13000
17600
$780,000.00
$1,056,000.00
No results from filter
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Amenities

Hot tub 5%
Pool 5%

Top Performing Properties

1 BR

tend to be downtown and around water in north and northeast bodies
little cottages on big plots of land (or 1 top performing one downtown)

4BR

Tend to be up near williamstown lake and on water or have a pool
game rooms, pretty standard farm town vibes. clean white

5BR+

honestly nothing that cool, just a shit ton of beds for big groups
could really improve this category
tend to be mixture of up near lake and a couple around downtown

Things To Do/Golden Triangles

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