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Lake Wales, Florida
Airbnb Market Statistics & Data
USA

Is it profitable to do Airbnb in Lake Wales, Florida, USA?

What is the occupancy rate of Airbnb in Lake Wales, Florida, USA?

What is the average daily rate of Airbnb in Lake Wales, Florida, USA?


Last updated on: 15th May, 2024



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USA / Florida / Lake Wales, Florida
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 Wales, Florida is good for Airbnb.
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Occupancy Rate

72%

$130

Daily Rate

$34K+

Revenue (2023)

10.0%

Net Yield

26

Number of Listings
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Is Airbnb Profitable in Lake Wales, Florida ?

Maybe, it's profitable to Airbnb because the average net rental yield for a one-bedroom property is 10.0%.
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 Wales, Florida is booked for 270 nights a year, with a median occupancy rate of 74% and an average daily rate of $70. In Lake Wales, Florida, A typical host income (annual revenue) was $18,588 in 2023.

Best Areas in Lake Wales for Airbnb

Are you wondering where to invest in Lake Wales? Look no further! Here are 10 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. Bok Tower Gardens
  2. Lake Kissimmee State Park
  3. Spook Hill
  4. Allen David Broussard Catfish Creek Preserve State Park
  5. Chalet Suzanne Inn and Restaurant
  6. Lake Wales Depot Museum and Cultural Center
  7. The Grove House
  8. Historic Bok Sanctuary
  9. Camp Mack's River Resort
  10. Iron Star Trading Co
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 Wales, Florida's Airbnb Data ⟶
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