Is it profitable to do Airbnb in Palatine, The United States?
What is the occupancy rate of Airbnb in Palatine, The United States?
What is the average daily rate of Airbnb in Palatine, The United States?
The United States / Palatine
Palatine, Airbnb Market Statistics & Data, The United States
A typical short-term rental listing in Palatine is booked for 288 nights a year, with a median occupancy rate of 79% and an average daily rate of $56. In 2023, a typical host income (annual revenue) was $13K. As of 12th September, 2024, there are 8 active Airbnb listings.
Average Revenue: $13K/yr
Occupancy Rate
79%
Avg Daily Rate
$56
Budget
No. of Listings
10
Small
YoY Revenue Change
120.85%
Best Month
July
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
$991
Average
$1,904
High
$2,842
Is Airbnb Profitable in Palatine?
Yes, there is good short-term rental demand. A 79% 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 Palatine
Short-term rental regulation is lenient in Palatine. 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 Palatine
A typical listing recorded a 79% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 9.33% 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: 79%
8 Active Listings
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Explore Palatine's Airbnb Data ⟶
Best Areas in Palatine for Airbnb
Are you wondering where to invest in Palatine? Look no further!
- Chicago Downtown
- Navy Pier
- Millennium Park
- Magnificent Mile
- Art Institute of Chicago
- Wrigley Field
- Shedd Aquarium
- Willis Tower Skydeck
- Lincoln Park Zoo
- Museum of Science and Industry
Top demand Airbnb in Palatine
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 8 listings.
See 8 listing Statistics
Other short-term rental market data in Palatine
Here is a breakdown of short-let properties in Palatine. 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