Is it profitable to do Airbnb in North Myrtle Beach, United States?
What is the occupancy rate of Airbnb in North Myrtle Beach, United States?
What is the average daily rate of Airbnb in North Myrtle Beach, United States?
United States / North Myrtle Beach
North Myrtle Beach, Airbnb Market Statistics & Data, United States
A typical short-term rental listing in North Myrtle Beach is booked for 219 nights a year, with a median occupancy rate of 60% and an average daily rate of $231. In 2023, a typical host income (annual revenue) was $50K. As of 12th September, 2024, there are 2,401 active Airbnb listings.
Average Revenue: $50K/yr
Occupancy Rate
60%
Avg Daily Rate
$231
Upscale
No. of Listings
3,168
Medium
YoY Revenue Change
9.5%
Best Month
July
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
$2,042
Average
$3,821
High
$6,142
Is Airbnb Profitable in North Myrtle Beach?
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 North Myrtle Beach
Short-term rental regulation is lenient in North 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.
Average Airbnb Occupancy Rate in North Myrtle Beach
A typical listing recorded a 60% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 4.32% 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: 60%
2,401 Active Listings
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Explore North Myrtle Beach's Airbnb Data ⟶
Best Areas in North Myrtle Beach for Airbnb
Are you wondering where to invest in North Myrtle Beach? Look no further!
- Cherry Grove Beach
- Ocean Drive Beach
- Windy Hill Beach
- Crescent Beach
- Barefoot Landing
- Alligator Adventure
- T.I.G.E.R.S. Preservation Station
- Hawaiian Rumble Mini Golf
- Alabama Theatre
- Barefoot Resort & Golf
Top demand Airbnb in North 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 2,401 listings.
See 2,401 listing Statistics
Professional Short-term rental property managers in North Myrtle Beach
We've compiled a list of host profiles that manage the most Airbnb properties in North Myrtle Beach. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in North Myrtle Beach
Here is a breakdown of short-let properties in North 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