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Millinocket
Airbnb Market Statistics & Data
United States

Is it profitable to do Airbnb in Millinocket, United States?

What is the occupancy rate of Airbnb in Millinocket, United States?

What is the average daily rate of Airbnb in Millinocket, United States?


Last updated on: 15th May, 2024



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United States / Millinocket
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.
Without further ado, let's see if Millinocket is good for Airbnb.

Is Airbnb Profitable in Millinocket ?

No, at least on a surface level. The short-term rental market is not an exciting thing in Millinocket.
Occupancy Rate

42%

$153

Daily Rate

$22K

Revenue (2023)

117

Number of Listings
A typical short-term rental listing in Millinocket is booked for 153 nights a year, with a median occupancy rate of 42% and an average daily rate of $153. In Millinocket, A typical host income (annual revenue) was $22K in 2023. There are 117 active Airbnb listings as of 2024-04-15.
A 42% median occupancy rate is considered a risky market to do an Airbnb. There are definitely few hosts making good income, but you may struggle to get year-round bookings. We suggest you do further research on this market.
Okay, you might wonder about more specific data. 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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