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

485 / 1045

Reliable / Active

Cap Rate

4%

Middle-Earners Gross Yield

Revenue

$45,895

Middle-Earners Revenue

Occupancy

59%

Middle-Earners Occupancy

Home Value

$1,052,785

Median Home Sale Price

Top Earners

$83,370

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.

View Provincetown Regulations →

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About Provincetown

Provincetown, Massachusetts, is a picturesque coastal town located at the tip of Cape Cod. Known for its vibrant arts scene, LGBTQ+ friendly atmosphere, and rich history, Provincetown has a unique charm that attracts many visitors. As of the latest census, the population of Provincetown is approximately 3,000, although this number swells significantly during the summer months due to an influx of tourists. The town is approximately 115 miles from Boston, the closest major city.

Provincetown offers a variety of attractions and landmarks that make it an appealing destination for short-term rentals. These include the Pilgrim Monument (https://www.pilgrim-monument.org/),,) which commemorates the Mayflower Pilgrims' first landing in the New World in 1620, and the Provincetown Museum, which offers insights into the town’s rich history.

Tourists can also visit the Provincetown Art Association and Museum (https://www.paam.org/),,) which showcases the works of local artists and provides a glimpse into the town's robust artistic heritage. Another significant landmark is the Cape Cod National Seashore (https://www.nps.gov/caco/index.htm),,) which offers beautiful beaches, scenic walking trails, and opportunities for wildlife viewing.

Commercial Street is the heart of Provincetown, bustling with shops, galleries, restaurants, and nightlife. The street captures the essence of the town’s eclectic and inclusive spirit.

Provincetown also serves as a gateway to various outdoor activities such as whale watching tours, fishing charters, and kayaking excursions. Due to its array of attractions and proximity to Boston, Provincetown is a desirable location for short-term rentals, offering visitors both relaxation and adventure.

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