Is it profitable to do Airbnb in Groton, The United States?
What is the occupancy rate of Airbnb in Groton, The United States?
What is the average daily rate of Airbnb in Groton, The United States?
The United States / Groton
Groton, Airbnb Market Statistics & Data, The United States
A typical short-term rental listing in Groton is booked for 193 nights a year, with a median occupancy rate of 53% and an average daily rate of $132. In 2023, a typical host income (annual revenue) was $37K. As of 12th September, 2024, there are 29 active Airbnb listings.
Average Revenue: $37K/yr
Occupancy Rate
53%
Avg Daily Rate
$132
Mid Scale
No. of Listings
38
Small
YoY Revenue Change
11.24%
Best Month
July
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
$1,828
Average
$3,028
High
$4,117
Is Airbnb Profitable in Groton?
Yes, there is good short-term rental demand. A 53% 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 Groton
Short-term rental regulation is lenient in Groton. 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 Groton
A typical listing recorded a 53% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 3.93% 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: 53%
29 Active Listings
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Explore Groton's Airbnb Data ⟶
Best Areas in Groton for Airbnb
Are you wondering where to invest in Groton? Look no further!
- Mystic Seaport Museum
- USS Nautilus
- Bluff Point State Park
- Fort Griswold Battlefield State Park
- Avery Point Light
- Mystic Aquarium
- Mystic Museum of Art
- Mystic River Bascule Bridge
- Ocean Beach Park
- Haley Farm State Park
Top demand Airbnb in Groton
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 29 listings.
See 29 listing Statistics
Professional Short-term rental property managers in Groton
We've compiled a list of host profiles that manage the most Airbnb properties in Groton. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Groton
Here is a breakdown of short-let properties in Groton. 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