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Cherry Hill Township, New Jersey
Airbnb Market Data & Overview
USA

Is it profitable to do Airbnb in Cherry Hill Township, New Jersey, USA?

What is the occupancy rate of Airbnb in Cherry Hill Township, New Jersey, USA?

What is the average daily rate of Airbnb in Cherry Hill Township, New Jersey, USA?

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Cherry Hill Township, New Jersey, USA Airbnb Data

Last updated on: 15th May, 2024

USA / New jersey / Cherry Hill Township, New Jersey
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 Cherry Hill Township, New Jersey is good for Airbnb.
Best Airbnb Markets in USA ⟶
Occupancy Rate

61%

$118

Daily Rate

$25K+

Revenue (2023)

13.3%

Net Yield

69

Number of Listings
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Is Airbnb Profitable in Cherry Hill Township, New Jersey ?

Yes, it's profitable to Airbnb because the average net rental yield for a one-bedroom property is 13.3%.
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 Cherry Hill Township, New Jersey is booked for 277 nights a year, with a median occupancy rate of 76% and an average daily rate of $116. In Cherry Hill Township, New Jersey, A typical host income (annual revenue) was $29,800 in 2023.

Best Areas in Cherry Hill Township for Airbnb

Are you wondering where to invest in Cherry Hill Township? 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. Philadelphia
  2. Atlantic City
  3. Cape May
  4. Princeton
  5. New Hope
  6. Valley Forge
  7. Lambertville
  8. Bethlehem
  9. Doylestown
  10. Jim Thorpe
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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Explore Cherry Hill Township, New Jersey's Airbnb Data ⟶
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