Short Term Rentals
Following the rise in popularity of short term rentals, communities across the county have targeted various legislative policies to restrict and limit the use of private property for short term vacation rental purposes. It is the position of PAAR and SVVAR, that as our communities have evolved, much of that success can be attributed to the support short term rentals have provided.
Although short term rentals are often blamed for our perceived challenges, the research conducted reveals that market forces beyond our control and a significant lack of development are the primary drivers of the current situation surrounding limited housing attainability. While we strive to preserve the unique character of the greater Quad Cities, we must also recognize the necessity of adapting to market realities and the needs of our communities.
Economic Impact Study
In response to pushback and questions about short term rentals in our communities, the Sedona Verde Valley Association of REALTORS® commissioned a study to look at the true impact of STRs. The study examines the impact of STRs on local economies, workforce housing and property regulations. The purpose of the study is to provide an unbiased analysis of the economic contributions and workforce housing impacts of STRs in Yavapai County and the municipality of Sedona, which is partially in Coconino County.
STR Presentation Event
To better educate our members and the public, PAAR will be hosting a presentation of the data on Friday, May 9th at 11:30AM in the Prescott Valley Library Crystal Room.
Register for the STR Presentation Event here
For any questions or additional information, please contact:
alison@paar.org or call PAAR at 928-445-2663.
Read the entire STR study below.