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Lake Placid, New York
Airbnb Market Statistics & Data
USA

Is it profitable to do Airbnb in Lake Placid, New York, USA?

What is the occupancy rate of Airbnb in Lake Placid, New York, USA?

What is the average daily rate of Airbnb in Lake Placid, New York, USA?


Last updated on: 15th May, 2024



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USA / New york / Lake Placid, New York
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 rentals typically is double the amount of traditional rentals.
The true profit from home investing comes from capital appreciation and cash flow from your rental. Between 1850 and 2015, globally, the average home value appreciated at 5.5% annually. If your short-term rental yields 3% of your total initial investment, your investment's annual return is 8.5% before taxes are considered.
Without further ado, let's see if Lake Placid, New York is good for Airbnb.
Best Airbnb Markets in USA ⟶
Occupancy Rate

49%

$309

Daily Rate

$57K+

Revenue (2023)

4.0%

Net Yield

455

Number of Listings
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Is Airbnb Profitable in Lake Placid, New York ?

No, it's not profitable to Airbnb because the average net rental yield for a one-bedroom property is 4.0%.
The national median net short-term rental yield is 5.4% in the USA. For more context, a traditional rental can typically yield 2-4% if you don't have to pay a mortgage interest. A typical 1 bedroom listing in Lake Placid, New York is booked for 157 nights a year, with a median occupancy rate of 43% and an average daily rate of $184. In Lake Placid, New York, A typical host income (annual revenue) was $30,988 in 2023.

Best Areas in Lake Placid for Airbnb

Are you wondering where to invest in Lake Placid? Look no further! Here are 11 areas travelers often search for. You can find the short-term rental statistics of all of these neighborhoods from Airbtics! Check out which neighborhood has the highest rental demand. 🚀
  1. Lake Placid Center for the Arts
  2. Mirror Lake
  3. Olympic Jumping Complex
  4. Lake Placid Winter Olympic Museum
  5. Adirondack Experienc
  6. he Museum on Blue Mountain Lake
  7. Cascade Mountain
  8. Whiteface Mountain
  9. High Falls Gorge
  10. Emerald Lake State Park
  11. Wild Center
Okay, you might wonder about more specific data. For example, how much can an average listing with 2 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month?
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Explore Lake Placid, New York's Airbnb Data ⟶
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