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Rancho Mirage, California
Airbnb Market Statistics & Data
USA

Is it profitable to do Airbnb in Rancho Mirage, California, USA?

What is the occupancy rate of Airbnb in Rancho Mirage, California, USA?

What is the average daily rate of Airbnb in Rancho Mirage, California, USA?


Last updated on: 15th May, 2024



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USA / California / Rancho Mirage, California
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 Rancho Mirage, California is good for Airbnb.
Best Airbnb Markets in USA ⟶
Occupancy Rate

51%

$349

Daily Rate

$58K+

Revenue (2023)

16.9%

Net Yield

436

Number of Listings
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Is Airbnb Profitable in Rancho Mirage, California ?

Yes, it's profitable to Airbnb because the average net rental yield for a one-bedroom property is 16.9%.
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 Rancho Mirage, California is booked for 113 nights a year, with a median occupancy rate of 31% and an average daily rate of $141. In Rancho Mirage, California, A typical host income (annual revenue) was $31,842 in 2023.

Best Areas in Rancho Mirage for Airbnb

Are you wondering where to invest in Rancho Mirage? 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. Sunnylands Center & Gardens
  2. The River at Rancho Mirage
  3. Agua Caliente Casino
  4. The Westin Mission Hills Golf Resort & Spa
  5. Rancho Mirage Observatory
  6. Coachella Valley Preserve
  7. Eisenhower Walk of Honor
  8. Rancho Mirage Community Park
  9. McCallum Theatre
  10. Classic Club
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 Rancho Mirage, California's Airbnb Data ⟶
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