Saratoga Springs, NY

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Saratoga Springs short-term rental market based on reliable data.

Listings

1828 / 4247

Reliable / Active

Cap Rate

4%

Middle-Earners Gross Yield

Revenue

$25,061

Middle-Earners Revenue

Occupancy

51%

Middle-Earners Occupancy

Home Value

$617,768

Median Home Sale Price

Top Earners

$61,530

Top-Earners Revenue

Saratoga Springs

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Saratoga Springs.

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C

Challenging to Investors

Saratoga Springs Regulations

Saratoga Springs explicitly allows STRs but imposes a strict 150-day annual cap for both primary and non-primary units, mandatory fire inspections, $300k insurance, a near-term enforcement grace period, and high non-primary licensing fees ($750). The 150-day cap and moderate compliance burden make operations notably constrained relative to investor expectations.

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About Saratoga Springs

Saratoga Springs is a city located in Saratoga County, New York, renowned for its rich history and vibrant cultural scene. As of the latest census, Saratoga Springs has a population of approximately 28,000 residents. The city is situated around 35 miles north of Albany, the capital of New York State, making it relatively close to a major urban center.

Saratoga Springs is famous for a number of landmarks and attractions that draw both short-term and long-term visitors. One of the most notable landmarks is the Saratoga Race Course, one of the oldest and most iconic horse racing tracks in the United States. More information about the racecourse can be found here.

Another significant attraction is the Saratoga Spa State Park, home to mineral springs, spas, and the Saratoga Performing Arts Center (SPAC). SPAC hosts a variety of events including concerts, ballet, and operas. For more details, visit this link.

Downtown Saratoga Springs is also a bustling area filled with boutique shops, fine dining, and historic sites. The city boasts well-preserved Victorian architecture, giving it a unique charm. Attractions such as Congress Park, with the historic Canfield Casino, provide visitors with both recreational and educational experiences.

In addition to these places, the city offers access to outdoor activities. Saratoga Lake and the surrounding areas offer opportunities for boating, fishing, and hiking.

Saratoga Springs' close proximity to Albany and its abundance of attractions make it an appealing destination for short-term rentals, catering to tourists, business travelers, and seasonal visitors alike. The thriving local economy, combined with a picturesque setting and diverse cultural offerings, ensures a steady demand for short-term accommodations.

For more information about what Saratoga Springs has to offer, please visit the official Saratoga Springs tourism website here.

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