Is it profitable to do Airbnb in Chilliwack, Canada?
What is the occupancy rate of Airbnb in Chilliwack, Canada?
What is the average daily rate of Airbnb in Chilliwack, Canada?
Canada / Chilliwack
Chilliwack, Airbnb Market Statistics & Data, Canada
A typical short-term rental listing in Chilliwack is booked for 208 nights a year, with a median occupancy rate of 57% and an average daily rate of CA$146. In 2023, a typical host income (annual revenue) was CA$32K. As of 12th September, 2024, there are 373 active Airbnb listings.
Average Revenue: CA$32K/yr
Occupancy Rate
57%
Avg Daily Rate
CA$146
Mid Scale
No. of Listings
470
Small
YoY Revenue Change
-17.59%
Best Month
August
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
CA$1,738
Average
CA$2,534
High
CA$3,969
Is Airbnb Profitable in Chilliwack?
Yes, there is good short-term rental demand. A 57% 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 Chilliwack
Short-term rental regulation is lenient in Chilliwack. 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.
We made a guide on things you need to know before starting an Airbnb in Canada, learn how much it costs to start an Airbnb and if it’s profitable to start an Airbnb.
Average Airbnb Occupancy Rate in Chilliwack
A typical listing recorded a 57% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 16.2% of the guests are international guests, and visitors from Canada 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: 57%
373 Active Listings
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Explore Chilliwack's Airbnb Data ⟶
Best Areas in Chilliwack for Airbnb
Are you wondering where to invest in Chilliwack? Look no further!
Top demand Airbnb in Chilliwack
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 373 listings.
See 373 listing Statistics
Professional Short-term rental property managers in Chilliwack
We've compiled a list of host profiles that manage the most Airbnb properties in Chilliwack. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Chilliwack
Here is a breakdown of short-let properties in Chilliwack. 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.
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