Is it profitable to do Airbnb in Paterson, United States?
What is the occupancy rate of Airbnb in Paterson, United States?
What is the average daily rate of Airbnb in Paterson, United States?
United States / Paterson
Paterson, Airbnb Market Statistics & Data, United States
A typical short-term rental listing in Paterson is booked for 230 nights a year, with a median occupancy rate of 63% and an average daily rate of $100. In 2023, a typical host income (annual revenue) was $19K. As of 12th September, 2024, there are 65 active Airbnb listings.
Average Revenue: $19K/yr
Occupancy Rate
63%
Avg Daily Rate
$100
Budget
No. of Listings
102
Small
YoY Revenue Change
6.45%
Best Month
April
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
$885
Average
$2,081
High
$3,220
Is Airbnb Profitable in Paterson?
Yes, there is good short-term rental demand. A 63% 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 Paterson
Short-term rental regulation is lenient in Paterson. 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 Paterson
A typical listing recorded a 63% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 14.04% 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: 63%
65 Active Listings
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Explore Paterson's Airbnb Data ⟶
Best Areas in Paterson for Airbnb
Are you wondering where to invest in Paterson? Look no further!
- Great Falls National Historical Park
- Lambert Castle Museum
- Paterson Museum
- Hinchliffe Stadium
- Sky Zone Trampoline Park
- Hamilton House Museum
- Dey Mansion
- Garret Mountain Reservation
- Willowbrook Mall
- St. Joseph's Healthcare System
Top demand Airbnb in Paterson
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 65 listings.
See 65 listing Statistics
Professional Short-term rental property managers in Paterson
We've compiled a list of host profiles that manage the most Airbnb properties in Paterson. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Paterson
Here is a breakdown of short-let properties in Paterson. 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