housing

Peoria crafting short-term rental regulations

Peoria officials have begun the process of crafting an ordinance to address short-term rentals within the city.

This type of rental — a property rented-out by the owner for 29-days or less — has seen a meteoric rise in recent years and become a $15 billion industry in the United States with an estimated $350 million raised in Arizona tax revenue in 2020.

Such has been the case in Peoria where there are around 550 homes/rooms up for short-term rent throughout the city.

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