Is it profitable to do Airbnb in Galena, United States?
What is the occupancy rate of Airbnb in Galena, United States?
What is the average daily rate of Airbnb in Galena, United States?
The United States / Galena
Galena, Airbnb Market Statistics & Data, United States
A typical short-term rental listing in Galena is booked for 172 nights a year, with a median occupancy rate of 47% and an average daily rate of $199. In 2023, a typical host income (annual revenue) was $36K. As of 12th September, 2024, there are 131 active Airbnb listings.
Average Revenue: $36K/yr
Occupancy Rate
47%
Avg Daily Rate
$199
Mid Scale
No. of Listings
152
Small
YoY Revenue Change
-9.62%
Best Month
September
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
$1,682
Average
$2,874
High
$3,705
Is Airbnb Profitable in Galena?
Yes, there is good short-term rental demand. A 47% median occupancy rate is considered a good market for Airbnb. The graph below shows the average monthly host income by month.
Tip! investing in a short-term rental can be highly stable and profitable. It’s stable because housing has been one of the most stable asset classes. Also, when you can’t do an Airbnb anymore, you can still rent it out to a long-term tenant with a lower yield. It is highly profitable because the monthly cash flow from short-term rental investment typically is double the amount of traditional rentals.
Starting an Airbnb in Galena
Short-term rental regulation is lenient in Galena. Very few Airbnb listing currently have put their license number on their Airbnb listing. This likely means the local government is not strictly enforcing the short-term rental-related regulations.
Average Airbnb Occupancy Rate in Galena
A typical listing recorded a 47% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 0.78% of the guests are international guests, and visitors from United states is the largest group. Learn more about guest origin!.
You can find the distribution graph of daily rate and revenue in our market dashboard.
You can find the distribution graph of daily rate and revenue in our market dashboard.
Occupancy Rate: 47%
131 Active Listings
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Explore Galena's Airbnb Data ⟶
Best Areas in Galena for Airbnb
Are you wondering where to invest in Galena? Look no further!
- Historic Main Street
- Ulysses S. Grant Home State Historic Site
- Galena Cellars Vineyard & Winery
- Chestnut Mountain Resort
- Grant Park
- Blackjack's Garden
- Dowling House
- Linmar Gardens
- Galena Trolley Tours
- The Old Blacksmith Shop
Top demand Airbnb in Galena
Airbtics has been tracking all Airbnb listings since 2019. This allows us to understand interesting metrics, like which properties earn the most in the market. Here are our top picks. Go to the app to find detailed information about 131 listings.
See 131 listing Statistics
Professional Short-term rental property managers in Galena
We've compiled a list of host profiles that manage the most Airbnb properties in Galena. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Galena
Here is a breakdown of short-let properties in Galena. You might wonder about more specific data before buying an Airbnb property. For example, how much can an average listing with 4 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month? Click the below button and check out more in-depth vacation rental data for free.
Property Size
Amenities
Property Type
Cancelation Policy Type
By Channel Type