Airbnb Rules and Regulations in Stanton, Kentucky

As of 2024, Stanton, Kentucky, has implemented a set of regulations governing short-term rentals to ensure a harmonious balance between the interests of hosts, guests, and the local community. Hosts are required to obtain a business license from the City of Stanton and register their property as a short-term rental. Additionally, all Airbnb listings must adhere to the city's zoning regulations, which may vary depending on the property's location. Hosts are responsible for collecting and remitting the Powell County transient room tax, which is currently set at 3%.

To prioritize guest safety and neighborhood tranquility, the city has established occupancy limits based on the number of bedrooms and parking spaces available. Quiet hours are enforced from 10:00 PM to 7:00 AM, and hosts must provide a local contact person, which can be the owner, a co-host, or a property manager, who can respond to any issues within a reasonable timeframe. Failure to comply with these regulations may result in fines or the revocation of the short-term rental permit. By adhering to these rules, Airbnb hosts in Stanton can contribute to a thriving and sustainable tourism industry while maintaining their local communities' character and quality of life.

Stanton Airbnb Market Data:

• Average Revenue – $73.5K per year
• Average Daily Rate – $419.4 per night
• Average Occupancy Rate – 48%
• Average RevPAR – $198.3
• Average Home Prices – $133,406

1. Top Place to Invest in Stanton, Kentucky - Bowen

Nestled in the heart of the Red River Gorge, Bowen, Kentucky, is emerging as a hidden gem for Airbnb and short-term rental investors. This charming community offers a perfect blend of natural beauty, outdoor adventures, and a growing demand for unique accommodations, making it an attractive destination for starting short-term rental businesses to capitalize on the booming tourism industry.

Bowen Airbnb Market Data:

• Average Revenue – $73.5K per year
• Average Daily Rate – $419.4 per night
• Average Occupancy Rate – 48%
• Average RevPAR – $198.3

Convenience - 5/10

While Bowen's rural setting may not offer the same level of convenience as larger cities, it still provides the essentials for a comfortable stay. Visitors can find a small grocery store, a few local restaurants, and gas stations within a short drive. However, for more extensive shopping and dining options, guests will need to venture into nearby towns like Stanton or Winchester.

Tourist Attractions - 9/10

Bowen's proximity to the Red River Gorge is its biggest draw for tourists. This stunning natural area features towering sandstone cliffs, lush forests, and crystal-clear streams, offering endless opportunities for hiking, rock climbing, and scenic drives. The nearby Natural Bridge State Resort Park is another popular attraction, with its iconic sandstone arch and miles of hiking trails.

Things to Do - 8/10

Outdoor enthusiasts will find no shortage of activities in and around Bowen. From world-class rock climbing and hiking in the Red River Gorge to kayaking and fishing on the Red River, there's something for every adventure seeker. The area also offers several unique experiences, such as zip-lining, horseback riding, and guided tours of the region's rich history and culture.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Bowen is $180,000, with a 3% appreciation rate over the past year. This relatively affordable price point, combined with the area's growing popularity among tourists, presents an attractive opportunity for Airbnb investors looking to enter the market without breaking the bank. The area offers a range of properties, from cozy cabins to spacious vacation homes, catering to various investment strategies.

Proximity to Work-Related Travel - 4/10

Bowen's remote location may not be the most convenient for work-related travel. The nearest hospital is about 30 miles away in Winchester, while the closest convention center and sports venue are located in Lexington, approximately an hour's drive from the community. However, the area's peaceful setting and natural beauty could appeal to remote workers seeking a quiet retreat.

X-Factor - 9/10

What sets Bowen apart is its unparalleled access to the stunning beauty of the Red River Gorge. This world-renowned climbing destination attracts visitors from across the globe, offering a unique opportunity for Airbnb investors to tap into a thriving and passionate community. The serene atmosphere and its growing reputation as an outdoor recreation hub create a compelling investment prospect for those looking to capitalize on the increasing demand for nature-based getaways.

2. Top Place to Invest in Stanton, Kentucky - Nada

Nada, a small unincorporated community in Powell County, Kentucky, is quickly gaining attention as a promising investment opportunity for Airbnb and short-term rental investors. Surrounded by the breathtaking beauty of the Red River Gorge, Nada offers a unique blend of natural wonders, outdoor adventures, and a growing demand for off-the-beaten-path accommodations.

Nada Airbnb Market Data:

• Average Revenue – $73.5K per year
• Average Daily Rate – $419.4 per night
• Average Occupancy Rate – 48%
• Average RevPAR – $198.3

Convenience - 4/10

As a remote, rural community, Nada offers limited convenience for visitors. No grocery stores, gas stations, or other modern amenities are in the immediate area. Guests must come prepared with supplies or drive to nearby towns like Stanton or Clay City for essentials. However, the lack of development is part of Nada's charm, offering a true escape from the hustle and bustle of everyday life.

Tourist Attractions - 9/10

Nada's main draw is its prime location within the Red River Gorge, a world-renowned destination for rock climbing, hiking, and scenic beauty. The area features over 100 natural arches, towering sandstone cliffs, and lush forests, providing endless opportunities for outdoor exploration. The nearby Nada Tunnel, a historic 900-foot tunnel hand-carved through a mountain, is another unique attraction that draws visitors to the area.

Things to Do - 8/10

Outdoor enthusiasts will find a wealth of activities to enjoy in and around Nada. Rock climbing is the most popular pursuit, with thousands of routes suitable for all skill levels. Hiking, camping, and wildlife viewing are also popular activities, with trails like the Auxier Ridge Trail and the Tunnel Ridge Trail offering stunning views of the surrounding landscape. In the summer, visitors can cool off in the clear waters of the Red River or enjoy a scenic drive along the Red River Gorge Byway.

Average Home Prices - 6/10

Due to its remote location and limited development, Nada has a scarcity of properties available for purchase. However, nearby areas like Stanton and Slade offer investment opportunities. According to Zillow data for 2024, the median home value in these areas ranges from $150,000 to $200,000, with 2-3% appreciation rates over the past year. While the inventory may be limited, the growing popularity of the Red River Gorge as a tourist destination makes these investments attractive for those looking to launch a new Airbnb business.

Proximity to Work-Related Travel - 2/10

Nada's secluded location within the Red River Gorge makes it unsuitable for most work-related travel. The nearest hospital, convention center, and sports venue are all located in larger cities like Lexington or Winchester, approximately a 1-2 hour drive from the community. However, the area's natural beauty and peaceful atmosphere could appeal to remote workers seeking a quiet and inspiring retreat.

X-Factor - 9/10

What sets Nada apart is its unparalleled access to the Red River Gorge's rugged beauty and outdoor adventures. As more travelers seek out immersive, nature-based experiences, Nada is poised to become an increasingly popular destination for Airbnb guests looking to disconnect from the modern world and reconnect with the great outdoors. The area's unique combination of stunning landscapes, world-class climbing, and off-the-grid charm creates a compelling investment prospect for those looking to tap into the growing demand for authentic, adventure-based accommodations.

3. Top Place to Invest in Stanton, Kentucky - Slade

Slade, a small town situated at the heart of the Red River Gorge, is rapidly emerging as a top investment destination for Airbnb and short-term rental investors. With its unparalleled access to natural wonders, thriving outdoor recreation scene, and growing popularity among tourists, Slade presents a unique and promising opportunity for savvy investors looking to capitalize on the booming adventure tourism market.

Slade Airbnb Market Data:

• Average Revenue – $73.5K per year
• Average Daily Rate – $419.4 per night
• Average Occupancy Rate – 48%
• Average RevPAR – $198.3

Convenience - 6/10

While Slade may not offer the same level of convenience as larger cities, it does provide the essential amenities for a comfortable stay. Visitors can find a handful of local restaurants, gas stations, and a small grocery store within the town limits. For more extensive shopping and dining options, guests can drive to nearby towns like Stanton or Winchester within a 30-minute radius.

Tourist Attractions - 10/10

Slade's main draw is its prime location within the Red River Gorge, a world-renowned destination for rock climbing, hiking, and scenic beauty. The area boasts over 100 natural arches, including the iconic Natural Bridge, attracting thousands of visitors annually. The nearby Red River Gorge Geological Area and the Daniel Boone National Forest offer endless outdoor exploration and adventure opportunities.

Things to Do - 9/10

Slade is an outdoor enthusiast's paradise, offering a wide range of activities for visitors of all ages and interests. Rock climbing is the most popular pursuit, with thousands of routes suitable for beginners and experienced climbers alike. Hiking, camping, and wildlife viewing are also popular activities, with trails like the Natural Bridge Trail and the Sheltowee Trace National Recreation Trail providing stunning views of the surrounding landscape. In addition, Slade offers unique attractions like the Red River Gorge Zipline and the Kentucky Reptile Zoo, which add to the area's appeal.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Slade is $225,000, with a 4% appreciation rate over the past year. While prices may be higher than in some other rural areas in Kentucky, Slade's growing popularity as a tourist destination and its proximity to the Red River Gorge makes it an attractive investment opportunity for those looking to purchase a property to list on Airbnb.

Proximity to Work-Related Travel - 4/10

Slade's remote location may not be the most convenient for work-related travel. The nearest hospital is about 30 miles away in Jackson, while the closest convention center and sports venue are located in Lexington, approximately an hour's drive from the town. However, Slade's peaceful setting and natural beauty could appeal to remote workers seeking a quiet and inspiring retreat.

X-Factor - 10/10

Slade's unbeatable combination of world-class outdoor recreation, stunning natural scenery, and small-town charm sets it apart. As the gateway to the Red River Gorge, Slade offers unparalleled access to one of the country's most beautiful and adventure-rich areas. The town's growing reputation as a must-visit destination for climbers, hikers, and nature lovers, coupled with its unique character and family-friendly community, creates a compelling investment prospect for those looking to tap into the burgeoning adventure tourism market.

4. Top Place to Invest in Stanton, Kentucky - Rosslyn

Rosslyn, an unincorporated community in Powell County, Kentucky, is emerging as an attractive location for those aspiring to start a short-term rental business. Located just 2.75 miles east of Stanton and in close proximity to the Red River Gorge, Rosslyn offers a unique blend of rural charm and access to popular tourist attractions.

Rosslyn Airbnb Market Data:

• Average Revenue – $73.5K per year
• Average Daily Rate – $419.4 per night
• Average Occupancy Rate – 48%
• Average RevPAR – $198.3

Convenience - 5/10

While Rosslyn itself may not offer a wide range of amenities, its location near Stanton provides access to essential services. Stanton, just a short drive away, offers dining options, shopping, and various events. However, for more extensive shopping and dining experiences, investors may need to look towards larger cities in the region.

Tourist Attractions - 8/10

Rosslyn's proximity to the Red River Gorge is a significant draw for tourists. The area boasts numerous attractions, including Natural Bridge State Resort Park, which offers hiking, fishing, camping, and stunning views of the natural sandstone arch. The nearby Nada Tunnel, listed on the National Register of Historic Places, is another unique attraction that adds to the area's appeal.

Things to Do - 7/10

Outdoor enthusiasts will find plenty of activities to enjoy in the surrounding areas. From hiking and rock climbing in the Red River Gorge to exploring the Red River Gorge Geological Area and Daniel Boone National Forest, there are ample opportunities for adventure. The Kentucky Reptile Zoo and the Red River Historical Museum provide additional options for visitors interested in unique experiences and local history.

Average Home Prices - 7/10

According to Realtor.com data for 2024, Rosslyn's median listing home price is $189,900, with a 2.7% year-over-year appreciation rate. This relatively affordable price point, combined with the area's growing popularity among tourists, makes Rosslyn an attractive option for Airbnb investors looking to enter the market without significant capital.

Proximity to Work-Related Travel - 4/10

Rosslyn's rural location may not be the most convenient for work-related travel. The nearest hospital is likely located in larger cities like Lexington or Winchester, while convention centers and sports venues are also a considerable distance away. However, the area's peaceful setting could appeal to remote workers seeking a quiet retreat.

X-Factor - 8/10

Its unique position as a hidden gem near the increasingly popular Red River Gorge sets Rosslyn apart. As more travelers seek out off-the-beaten-path experiences and outdoor adventures, Rosslyn's rural charm and access to natural wonders create a compelling investment prospect. The area's potential for growth and its affordable home prices make it an attractive option for savvy Airbnb investors looking to capitalize on the rising demand for unique, nature-based accommodations.