Last updated on June 21st, 2023
Airbnb data new york
New York is undeniably a beautiful city with plenty of attractions, cafes, and even investment opportunities. It will not only satisfy your eyes with pristine sceneries – but also generate extra income with Airbnb!
Did you know that New York City welcomed about 56 million tourists in 2022 alone? According to City Guide New York, hotels and accommodations have reported great holiday sales numbers.
Investing in a property in New York City can certainly bring a good cash flow for Airbnb hosts. However, there was a recent rule in NYC that was implemented last January 9th, 2023. This new Airbnb Regulation in NYC states that all short-term rentals are required to register in the Mayor’s Office of Special Enforcement.
While there are more requirements to be a host in NYC, it’s best to consider your potential profitability first before moving forward. Analyzing the Airbnb data for your target neighborhood will help you decide if it’s worth investing in!
In this article, we’ll feature a free Airbnb NYC dataset and the most recommended areas for Airbnb in New York. Continue reading – we’re stoked to let you know more.
Reasons for Investing in New York City
Let’s imagine that New York City is one of your dream cities to live, work, and play in. It will be an even more inspiring journey knowing that you can earn a passive income by investing in a property! Check out the top three reasons why you should consider investing in this city:
1. High quality of Living & Diverse Culture
NYC is ranked as the first city across the globe that attracts capital, business, and tourists. So if you’re looking to cater to entrepreneurs, tourists, or young professionals – this might be the best city for investing! In relation to this, people who reside in this city can expect a high quality of living. As the most populous city in America, NYC has consistently been one of the hottest real estate markets.
2. Price Appreciation
One of the major benefits of real estate investment is when the value of a property increases – especially in New York City! Real estate in NYC is a good investment in the long run due to inflation and market conditions. Norada Real Estate Investments confirms that New York’s appreciation rate is 10.54%.
3. Leverage Investments
To make a fortune by investing in NYC, you have to use your ability to leverage investments! One of the most typical examples is buying a house with mortgage financing. You can limit your own investment by putting down a small percentage of the property’s value and sharing the risk with financial institutions. The good news is that there are plenty of mortgage lenders in NYC!
Instead of spending all your money on investing in a property that you intend for Airbnb, you will only need to deposit at least 20% as a down payment with the help of a mortgage. This means that your return can potentially be much higher than what it would be without leverage.
Where to Get Airbnb Data in New York?
There are three ways how to get Airbnb data – free and paid solutions, and the traditional technique. You can get free Airbnb data by using data scraping tools such as Apify or Scrapy, but this process is a lot more complicated for newbies.
As to the traditional way of getting Airbnb data, you will have to manually go through each listing in your target market and analyze their performance. Some of the most important Airbnb key metrics that you’ll need to collect are average daily rates, occupancy rates, and annual revenue among others. You’ll need to compare each market – and it is terribly time consuming. Even more crucial if the data is inaccurate!
The paid solution for getting Airbnb data is by subscribing to Airbnb data analytics tool. It does all the heavy lifting and time-consuming work! But most importantly, it presents accurate data for the success of your business.
It’s important to look and understand the data first before investing in a property in New York. This is a crucial step to identifying whether you’re making the best investment decisions. Let’s take a look at the Airbnb data in New York as seen on Airbtics:
- Average Daily Rate in New York City: $252
- Average Occupancy Rate in New York City: 70%
- Annual Revenue in New York City (1-bedroom apartment): $57,359
Best Places to Airbnb in New York City:
Wondering where to Airbnb in New York? We’ve taken a close look at the 5 boroughs and distinguished their highest & lowest seasons:
1. Manhattan
The fascinating city of Manhattan attracts several tourists and business travelers. Known for some of its popular attractions such as the Times Square, One World Observatory, The Rockefeller Center, and many others. Here’s an overview of Airbnb data in Manhattan:
- Annual Revenue (1-bedroom apartment): $74,826
- Common Amenities Offered: Hot tub (6%) & pet-friendly spaces (20%)
- Number of Airbnb Listings: 7,117
- Highest Revenue (Peak Season): $7,552 in June
- Lowest Revenue (Off-Season): $4,187 in February
2. Brooklyn
Brooklyn is not only a tourist’s fave spot – but many famous actors have also filmed their scenes in this borough. Particularly in Brooklyn Bridge and its several wondrous parks including Botanic Garden and Prospect Park. Check out the Airbnb data in Brooklyn:
- Annual Revenue (1-bedroom apartment): $62,554
- Common Amenities Offered: Pools (7%) & pet-friendly spaces (21%)
- Number of Airbnb Listings: 6,410
- Highest Revenue (Peak Season): $6,937 in October
- Lowest Revenue (Off-Season): $3,313 in January
3. Bronx
Home of the New York Yankees, Bronx isn’t limited to baseball fans but also for those who love arts & nature! Some of the most visited attractions in Bronx include the Botanical Garden, Museum of the Arts, and Pelham Bay Park. Here’s the overview of Airbnb statistics in Bronx:
- Annual Revenue (1-bedroom apartment): $30,660
- Common Amenities Offered: Hot Tub (13%) & pet-friendly spaces (34%)
- Number of Airbnb Listings: 800
- Highest Revenue (Peak Season): $3,905 in July
- Lowest Revenue (Off-Season): $1,078 in January
4. Staten Island
Staten Island is surrounded by rich cultural establishments and historical buildings. At the same time, one can certainly enjoy the vast green spaces! Popular attractions include Gulliver’s Gate, Jacques Marchais Museum of Tibetan Art, and Staten Island Zoo. Check out the Airbnb data in Staten Island:
- Annual Revenue (1-bedroom apartment): $28,363
- Common Amenities Offered: Flexible Cancellation Policy (34%) & pet-friendly spaces (22%)
- Number of Airbnb Listings: 209
- Highest Revenue (Peak Season): $3,348 in July
- Lowest Revenue (Off-Season): $1,362 in January
5. Queens
Queens is best known for two of its major airports in New York City area including JFK and LaGuardia. This borough in NYC is also home to several attractions such as the Museum of Moving Image & Socrates Sculpture Park. But it’s also a tourist’s fave for its museums and restaurants. Take a look at the Airbnb statistics in Queens:
- Annual Revenue (1-bedroom apartment): $34,927
- Common Amenities Offered: Hot Tub (3%) & pet-friendly spaces (12%)
- Number of Airbnb Listings: 877
- Highest Revenue (Peak Season): $4,535 in July
- Lowest Revenue (Off-Season): $200 in February
Summary
Getting your preferred city’s Airbnb data is an important part of successful investments. Particularly in New York City, since each neighborhood varies from one to another. New York has a lot of promising property investments that can generate long-term income, so it’s always best to discover these areas before it’s too late. Airbnb host NYC can expect more revenue with the help of Airbnb analytics tools & save precious time for research!
The markets in NYC can be quite competitive since there are several property investors eyeing on this area. Use an Airbnb profit calculator and make the best investment decisions!
