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Hanover
Airbnb Market Statistics & Data
United States

Is it profitable to do Airbnb in Hanover, United States?

What is the occupancy rate of Airbnb in Hanover, United States?

What is the average daily rate of Airbnb in Hanover, United States?


Last updated on: 15th May, 2024



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United States / Hanover
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.
Without further ado, let's see if Hanover is good for Airbnb.

Is Airbnb Profitable in Hanover ?

Yes, there is a good short-term rental demand.
Occupancy Rate

58%

$182

Daily Rate

$38K

Revenue (2023)

6,026

Number of Listings
A typical short-term rental listing in Hanover is booked for 212 nights a year, with a median occupancy rate of 58% and an average daily rate of $182. In Hanover, A typical host income (annual revenue) was $38K in 2023. There are 6,026 active Airbnb listings as of 2024-04-15.
A 58% median occupancy rate is considered a good market to do an Airbnb. Take professional photos of your property, get a few good reviews on Airbnb, then you are likely to make good income.
Okay, you might wonder about more specific data. 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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