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Annual Airbnb Revenue in Charleston west virginia, USA

Last updated on May 21st, 2024

Charleston, West Virginia| Airbnb Market Data & Overview | USA

Charleston, West Virginia
Airbnb Market Data & Overview
USA

Is it profitable to do Airbnb in Charleston, West Virginia, USA?

What is the occupancy rate of Airbnb in Charleston, West Virginia, USA?

What is the average daily rate of Airbnb in Charleston, West Virginia, USA?

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Charleston, West Virginia, USA Airbnb Data

Last updated on: 15th May, 2024

USA / West virginia / Charleston, West Virginia
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 rentals typically is double the amount of traditional rentals.
The true profit from home investing comes from capital appreciation and cash flow from your rental. Between 1850 and 2015, globally, the average home value appreciated at 5.5% annually. If your short-term rental yields 3% of your total initial investment, your investment’s annual return is 8.5% before taxes are considered.
Without further ado, let’s see if Charleston, West Virginia is good for Airbnb.
Occupancy Rate

56%

$92

Daily Rate

$20K+

Revenue (2023)

12.6%

Net Yield

163

Number of Listings

Is Airbnb Profitable in Charleston, West Virginia ?

Yes, it’s profitable to Airbnb because the average net rental yield for a one-bedroom property is 12.6%.
The national median net short-term rental yield is 5.4% in the USA. For more context, a traditional rental can typically yield 2-4% if you don’t have to pay a mortgage interest. A typical 1 bedroom listing in Charleston, West Virginia is booked for 201 nights a year, with a median occupancy rate of 55% and an average daily rate of $78. In Charleston, West Virginia, A typical host income (annual revenue) was $16,646 in 2023.

Best Areas in Charleston for Airbnb

Are you wondering where to invest in Charleston? Look no further! Here are 10 areas travelers often search for. You can find the short-term rental statistics of all of these neighborhoods from Airbtics! Check out which neighborhood has the highest rental demand. 🚀
  1. Historic Charleston City Market
  2. Rainbow Row
  3. The Battery
  4. Magnolia Plantation and Gardens
  5. Patriots Point Naval & Maritime Museum
  6. Middleton Place
  7. Fort Sumter National Monument
  8. Folly Beach
  9. Boone Hall Plantation
  10. Arthur Ravenel Jr. Bridge
Okay, you might wonder about more specific data. For example, how much can an average listing with 2 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month?
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