The Rise of the Mid-Term Rental

Mid-term rentals, typically offering leases between one to six months, are surging through the US.  Coming onto the scene during Covid, remote workers began to take advantage of an opportunity to explore a new landscape, seek more space and reduce their cost of living as they retreated from expensive megacities.

Digital nomads aren't the only ones seeking flexible housing solutions.  Over the past 5 years, we've hosted displaced families, couples renovating their homes, recent divorcées, government contractors and simply those transitioning and looking to try a neighborhood before making a formal commitment to spend their next 12 months there.   What's more, high interest rates coupled with an election year have many pressing pause on big life decisions.

On the flip side, mid-term rental solutions offer a unique opportunity for landlords and homeowners to fill gaps in their short-term rental calendars, pay for their own extended travel, cash flow a sitting asset or avoid local rental regulations (something they've cracked down on here in Denver).  At the crossroads between wanting less of a headache than short-term rentals, yet significantly more income than long-term rentals awaits the mid-term strategy.   

Driven by flexibility and convenience, the mid-term rental market will only continue to expand, shaping the real estate landscape to meet today's increasingly mobile and diverse lifestyles.

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