Provincetown, MA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

494 / 1160

Reliable / Active

Cap Rate

4%

Middle-Earners Gross Yield

Revenue

$42,832

Middle-Earners Revenue

Occupancy

56%

Middle-Earners Occupancy

Home Value

$1,066,809

Median Home Sale Price

Top Earners

$86,374

Top-Earners Revenue

Provincetown

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Provincetown.

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C

Challenging to Investors

Provincetown Regulations

STRs are allowed but heavily constrained: a strict 2-certificate cap per individual, prohibition on corporations, exclusions for timeshares/ADUs/affordable units, a $750 annual fee, and a $5,000 penalty ceiling. This regulatory mix, coupled with compliance and inspections, raises investor risk and deters scale.

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About Provincetown

Provincetown is a small coastal town perched at the very tip of Cape Cod in Barnstable County, Massachusetts, with a year-round population of roughly 3,000 residents that swells dramatically each summer. It has a long-standing reputation as an art colony, a beach destination, and one of the most prominent LGBTQ-friendly towns in the United States, while also carrying deep significance as the spot where the Mayflower first landed in 1620. The town serves as a natural gateway to the northern reaches of the Cape Cod National Seashore and is located approximately 120 miles southeast of Boston, typically reached by car in around two and a half to three hours, or by ferry from Boston in roughly ninety minutes.

Rising prominently above the town, the Pilgrim Monument and Provincetown Museum commemorates the signing of the Mayflower Compact and offers sweeping views of the harbor and outer beach from its 252-foot granite tower. The site sits just steps from the center of town, making it an easy starting point for visitors exploring Provincetown's history and waterfront.

Just beyond the town center, the Cape Cod National Seashore protects more than forty miles of Atlantic shoreline and the surrounding dunes, pine barrens, and ponds. Within a ten- to fifteen-minute drive from downtown, Race Point Beach and Herring Cove Beach draw visitors for swimming, sunbathing, whale-watching, and dramatic sunsets, while the Province Lands' network of trails and bike paths weaves through some of the most striking dune scenery on the East Coast.

Lining the harbor for nearly two miles, Commercial Street forms the lively spine of Provincetown, packed with independent art galleries, seafood restaurants, ice cream shops, and boutiques housed in former fishermen's cottages. The street is also the departure point for the town's whale-watch excursions, deep-sea fishing trips, and ferries to Boston and the Boston Harbor Islands, and it remains the social heart of the town from morning until well past midnight during the busy season.

A short drive or bike ride from Commercial Street, the Province Lands Visitor Center offers interpretive exhibits about the surrounding ecosystem and serves as a hub for exploring the area's dunes, ponds, and bird-rich marshes. Cycling is a popular way to travel between the beaches and trails, with rentals widely available in town.

Provincetown's combination of historic landmarks, protected natural scenery, a walkable harborfront, and an unmistakable creative and inclusive culture makes it a particularly compelling base for short-term rentals. Visitors tend to come for the beaches and the arts scene but stay for the town's singular atmosphere, and the compact layout means that nearly every lodging option sits within easy reach of the dunes, the galleries, and the bay.

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