Is it profitable to do Airbnb in Lake Forest Park, The United States?
What is the occupancy rate of Airbnb in Lake Forest Park, The United States?
What is the average daily rate of Airbnb in Lake Forest Park, The United States?
The United States / Lake Forest Park
Lake Forest Park, Airbnb Market Statistics & Data, The United States
A typical short-term rental listing in Lake Forest Park is booked for 266 nights a year, with a median occupancy rate of 73% and an average daily rate of $96. In 2023, a typical host income (annual revenue) was $26K. As of 12th September, 2024, there are 52 active Airbnb listings.
Average Revenue: $26K/yr
Occupancy Rate
73%
Avg Daily Rate
$96
Budget
No. of Listings
68
Small
YoY Revenue Change
-2.89%
Best Month
August
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
$1,555
Average
$2,322
High
$3,233
Is Airbnb Profitable in Lake Forest Park?
Yes, there is good short-term rental demand. A 73% 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 Lake Forest Park
Short-term rental regulation is lenient in Lake Forest Park. 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 Lake Forest Park
A typical listing recorded a 73% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 8.52% 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: 73%
52 Active Listings
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Explore Lake Forest Park's Airbnb Data ⟶
Best Areas in Lake Forest Park for Airbnb
Are you wondering where to invest in Lake Forest Park? Look no further!
- Lake Forest Park Town Center
- Grace Cole Nature Park
- Lyon Creek Waterfront Park
- Lake Forest Park Civic Club
- Horizon View Park
- Sheridan Beach Community Club
- Grace Cole Park
- Boise Creek Park
- Brugger's Bog Park
- Ballinger Park
Top demand Airbnb in Lake Forest Park
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 52 listings.
See 52 listing Statistics
Professional Short-term rental property managers in Lake Forest Park
We've compiled a list of host profiles that manage the most Airbnb properties in Lake Forest Park. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Lake Forest Park
Here is a breakdown of short-let properties in Lake Forest Park. 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