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Posted on: September 26, 2023

UMass Donahue Short-Term Rental Study & Report Now Available

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Approved by the Select Board in January 2023, the University of Massachusetts Amherst Donahue Institute (“UMDI”) conducted a study on the short-term rental market in Provincetown. The study examined current practices nationwide around short-term rental regulation and identifies what lessons these regulations may offer to Provincetown, especially regarding increasing the availability and attainability of year-round housing.

The final report was delivered in September 2023 and presented to the Select Board at their September 25, 2023 meeting.

Some key findings and takeaways from the report:

  • The primary use of housing in Provincetown is for vacation homes.
  • Provincetown's population grew by a quarter in 2020.
  • Home price growth in Provincetown is outpacing income growth.
  • Active STR listings in Provincetown are down by 20% from 2019.
  • Provincetown's housing market is influenced by wealthier cities in the Northeast.
  • Homeowners can earn more money renting short-term compared to long-term, while retaining use of the home for their own personal use.
  • Findings suggest homebuyers are not buying homes in Provincetown solely to use as short-term rentals.
  • Incentives are an alternate pathway to increasing supply.
  • The predicted impact of any STR regulation on the affordability of housing in Provincetown is likely small.
  • Provincetown may still wish to restrict STRs in various ways with a goal of encouraging homeowners to continue to have a connection to the community.
  • Findings suggest that targeting workforce housing through continued building and providing incentives where useful is likely the most direct path to increasing accessibility of such housing.

More Information:

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