Is it profitable to do Airbnb in Passaic, United States?
What is the occupancy rate of Airbnb in Passaic, United States?
What is the average daily rate of Airbnb in Passaic, United States?
United States / Passaic
Passaic, Airbnb Market Statistics & Data, United States
A typical short-term rental listing in Passaic is booked for 219 nights a year, with a median occupancy rate of 60% and an average daily rate of $149. In 2023, a typical host income (annual revenue) was $28K. As of 12th September, 2024, there are 25 active Airbnb listings.
Average Revenue: $28K/yr
Occupancy Rate
60%
Avg Daily Rate
$149
Mid Scale
No. of Listings
43
Small
YoY Revenue Change
49.38%
Best Month
May
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
$1,507
Average
$2,195
High
$3,164
Is Airbnb Profitable in Passaic?
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 Passaic
Short-term rental regulation is lenient in Passaic. 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 Passaic
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 17.81% 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%
25 Active Listings
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Explore Passaic's Airbnb Data ⟶
Best Areas in Passaic for Airbnb
Are you wondering where to invest in Passaic? Look no further!
- New York City
- Jersey City
- Hoboken
- Secaucus
- Newark
- Paterson
- East Orange
- Clifton
- Montclair
- Glen Ridge
Top demand Airbnb in Passaic
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 25 listings.
See 25 listing Statistics
Professional Short-term rental property managers in Passaic
We've compiled a list of host profiles that manage the most Airbnb properties in Passaic. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Passaic
Here is a breakdown of short-let properties in Passaic. 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