Is it profitable to do Airbnb in Hwaseong, South Korea?
What is the occupancy rate of Airbnb in Hwaseong, South Korea?
What is the average daily rate of Airbnb in Hwaseong, South Korea?
South Korea / Hwaseong
Hwaseong, Airbnb Market Statistics & Data, South Korea
A typical short-term rental listing in Hwaseong is booked for 204 nights a year, with a median occupancy rate of 56% and an average daily rate of KRW119,805. In 2023, a typical host income (annual revenue) was KRW20M. As of 12th September, 2024, there are 386 active Airbnb listings.
Average Revenue: KRW20M/yr
Occupancy Rate
56%
Avg Daily Rate
KRW119,805
Budget
No. of Listings
467
Small
YoY Revenue Change
-2.04%
Best Month
May
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
KRW1,222,218
Average
KRW1,637,289
High
KRW1,937,279
Is Airbnb Profitable in Hwaseong?
Yes, there is good short-term rental demand. A 56% 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 Hwaseong
Short-term rental regulation is lenient in Hwaseong. 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 South Korea, learn how much it costs to start an Airbnb and if it’s profitable to start an Airbnb.
Average Airbnb Occupancy Rate in Hwaseong
A typical listing recorded a 56% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 9.83% of the guests are international guests, and visitors from South korea 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: 56%
386 Active Listings
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Explore Hwaseong's Airbnb Data ⟶
Best Areas in Hwaseong for Airbnb
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Top demand Airbnb in Hwaseong
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 386 listings.
See 386 listing Statistics
Professional Short-term rental property managers in Hwaseong
We've compiled a list of host profiles that manage the most Airbnb properties in Hwaseong. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Hwaseong
Here is a breakdown of short-let properties in Hwaseong. 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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