Is it profitable to do Airbnb in Henrico, The United States?
What is the occupancy rate of Airbnb in Henrico, The United States?
What is the average daily rate of Airbnb in Henrico, The United States?
The United States / Henrico
Henrico, Airbnb Market Statistics & Data, The United States
A typical short-term rental listing in Henrico is booked for 255 nights a year, with a median occupancy rate of 70% and an average daily rate of $126. In 2023, a typical host income (annual revenue) was $31K. As of 12th September, 2024, there are 146 active Airbnb listings.
Average Revenue: $31K/yr
Occupancy Rate
70%
Avg Daily Rate
$126
Mid Scale
No. of Listings
235
Small
YoY Revenue Change
17.09%
Best Month
March
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
$1,982
Average
$2,430
High
$2,714
Is Airbnb Profitable in Henrico?
Yes, there is good short-term rental demand. A 70% 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 Henrico
Short-term rental regulation is lenient in Henrico. 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 Henrico
A typical listing recorded a 70% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 2.34% 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: 70%
146 Active Listings
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Explore Henrico's Airbnb Data ⟶
Best Areas in Henrico for Airbnb
Are you wondering where to invest in Henrico? Look no further!
- Lewis Ginter Botanical Garden
- Virginia Museum of Fine Arts
- Maymont
- Short Pump Town Center
- The American Civil War Museum - White House and Museum of the Confederacy
- Carytown
- Virginia State Capitol
- Science Museum of Virginia
- Richmond International Raceway
- Agecroft Hall
Top demand Airbnb in Henrico
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 146 listings.
See 146 listing Statistics
Other short-term rental market data in Henrico
Here is a breakdown of short-let properties in Henrico. 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