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Norwich, Connecticut
Airbnb Market Statistics & Data
USA

Is it profitable to do Airbnb in Norwich, Connecticut, USA?

What is the occupancy rate of Airbnb in Norwich, Connecticut, USA?

What is the average daily rate of Airbnb in Norwich, Connecticut, USA?


Last updated on: 15th May, 2024



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USA / Connecticut / Norwich, Connecticut
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 Norwich, Connecticut is good for Airbnb.
Best Airbnb Markets in USA ⟶
Occupancy Rate

52%

$177

Daily Rate

$34K+

Revenue (2023)

12.8%

Net Yield

116

Number of Listings
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Is Airbnb Profitable in Norwich, Connecticut ?

Yes, it's profitable to Airbnb because the average net rental yield for a one-bedroom property is 12.8%.
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 Norwich, Connecticut is booked for 186 nights a year, with a median occupancy rate of 51% and an average daily rate of $170. In Norwich, Connecticut, A typical host income (annual revenue) was $29,423 in 2023.

Best Areas in Norwich for Airbnb

Are you wondering where to invest in Norwich? 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. Mystic Seaport Museum
  2. Foxwoods Resort Casino
  3. Mohegan Sun
  4. Gillette Castle State Park
  5. Ocean Beach Park
  6. Connecticut Science Center
  7. Wadsworth Atheneum Museum of Art
  8. Mark Twain House & Museum
  9. Yale University Art Gallery
  10. Mashantucket Pequot Museum and Research Center
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 Norwich, Connecticut's Airbnb Data ⟶
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