Is it profitable to do Airbnb in New Castle, United States?

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

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

United States

New Castle, Airbnb Market Statistics & Data, United States

A typical short-term rental listing in New Castle is booked for 219 nights a year, with a median occupancy rate of 60% and an average daily rate of $74. In 2023, a typical host income (annual revenue) was $18K. As of 12th September, 2024, there are 12 active Airbnb listings.

Average Revenue: $18K/yr
Occupancy Rate
60%
Avg Daily Rate
$74
Budget
No. of Listings
15
Small
Regulation
Lenient
Best Month
July
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
$819
Average
$1,372
High
$2,137



Is Airbnb Profitable in New Castle?

Yes, there is good short-term rental demand. A 60% 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 New Castle

Short-term rental regulation is lenient in New Castle. 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.
Average Airbnb Occupancy Rate in New Castle
A typical listing recorded a 60% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution.
You can find the distribution graph of daily rate and revenue in our market dashboard.
Occupancy Rate: 60%
12 Active Listings
Signup and check out more in-depth vacation rental data for free.
Explore New Castle's Airbnb Data ⟶
market map image
Best Areas in New Castle for Airbnb
Are you wondering where to invest in New Castle? Look no further!
  1. Muncie
  2. Anderson
  3. Marion
  4. Kokomo
  5. Richmond
  6. Greenfield
  7. Portland
  8. New Castle
  9. Connersville
  10. Rushville
Top demand Airbnb in New Castle
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 12 listings.
listing_image
Entire home & Studio Bed
⭐4.8 (28)
Studio Apartment for Rent
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
$61
Daily Rate
View Listing
See 12 listing Statistics
Other short-term rental market data in New Castle
Here is a breakdown of short-let properties in New Castle. 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
Accurate and Actionable Data At Your Fingertips!

See 12 listing Statistics