Is it profitable to do Airbnb in Durham, The United States?
What is the occupancy rate of Airbnb in Durham, The United States?
What is the average daily rate of Airbnb in Durham, The United States?
The United States / Durham
Durham, Airbnb Market Statistics & Data, The United States
A typical short-term rental listing in Durham is booked for 230 nights a year, with a median occupancy rate of 63% and an average daily rate of $115. In 2023, a typical host income (annual revenue) was $27K. As of 12th September, 2024, there are 1,217 active Airbnb listings.
Average Revenue: $27K/yr
Occupancy Rate
63%
Avg Daily Rate
$115
Mid Scale
No. of Listings
1,716
Medium
YoY Revenue Change
7.53%
Best Month
October
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
$1,882
Average
$2,202
High
$2,525
Is Airbnb Profitable in Durham?
Yes, there is good short-term rental demand. A 63% 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 Durham
Short-term rental regulation is lenient in Durham. 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 The United States, learn how much it costs to start an Airbnb and if it’s profitable to start an Airbnb.
Average Airbnb Occupancy Rate in Durham
A typical listing recorded a 63% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 4.66% 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: 63%
1,217 Active Listings
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Explore Durham's Airbnb Data ⟶
Best Areas in Durham for Airbnb
Are you wondering where to invest in Durham? Look no further!
- Duke University
- Sarah P. Duke Gardens
- American Tobacco Campus
- Durham Bulls Athletic Park
- Eno River State Park
- Waller Family Farm
- North Carolina Museum of Life and Science
- The Streets at Southpoint
- Cameron Indoor Stadium
- Durham Performing Arts Center
Top demand Airbnb in Durham
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 1,217 listings.
See 1,217 listing Statistics
Professional Short-term rental property managers in Durham
We've compiled a list of host profiles that manage the most Airbnb properties in Durham. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Durham
Here is a breakdown of short-let properties in Durham. 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