Is it profitable to do Airbnb in Myrtle Beach, The United States?
What is the occupancy rate of Airbnb in Myrtle Beach, The United States?
What is the average daily rate of Airbnb in Myrtle Beach, The United States?
The United States / Myrtle Beach
Myrtle Beach, Airbnb Market Statistics & Data, The United States
A typical short-term rental listing in Myrtle Beach is booked for 226 nights a year, with a median occupancy rate of 62% and an average daily rate of $121. In 2023, a typical host income (annual revenue) was $25K. As of 12th September, 2024, there are 5,512 active Airbnb listings.
Average Revenue: $25K/yr
Occupancy Rate
62%
Avg Daily Rate
$121
Mid Scale
No. of Listings
6,593
Big
YoY Revenue Change
-9.81%
Best Month
July
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
$1,162
Average
$1,999
High
$3,660
Is Airbnb Profitable in Myrtle Beach?
Yes, there is good short-term rental demand. A 62% 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 Myrtle Beach
Short-term rental regulation is lenient in Myrtle Beach. 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 Myrtle Beach
A typical listing recorded a 62% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 1.77% 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: 62%
5,512 Active Listings
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Explore Myrtle Beach's Airbnb Data ⟶
Best Areas in Myrtle Beach for Airbnb
Are you wondering where to invest in Myrtle Beach? Look no further!
- Myrtle Beach Boardwalk and Promenade
- Broadway at the Beach
- Ripley's Aquarium
- Myrtle Waves Water Park
- Hollywood Wax Museum
- Brookgreen Gardens
- SkyWheel Myrtle Beach
- Family Kingdom Amusement Park
- WonderWorks Myrtle Beach
- Pirate's Voyage
Top demand Airbnb in Myrtle Beach
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 5,512 listings.
See 5,512 listing Statistics
Professional Short-term rental property managers in Myrtle Beach
We've compiled a list of host profiles that manage the most Airbnb properties in Myrtle Beach. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Myrtle Beach
Here is a breakdown of short-let properties in Myrtle Beach. 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