Is it profitable to do Airbnb in Rapid City, The United States?
What is the occupancy rate of Airbnb in Rapid City, The United States?
What is the average daily rate of Airbnb in Rapid City, The United States?
The United States / Rapid City
Rapid City, Airbnb Market Statistics & Data, The United States
A typical short-term rental listing in Rapid City is booked for 248 nights a year, with a median occupancy rate of 68% and an average daily rate of $162. In 2023, a typical host income (annual revenue) was $39K. As of 12th September, 2024, there are 488 active Airbnb listings.
Average Revenue: $39K/yr
Occupancy Rate
68%
Avg Daily Rate
$162
Mid Scale
No. of Listings
685
Small
YoY Revenue Change
12.24%
Best Month
July
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
$1,923
Average
$3,009
High
$4,575
Is Airbnb Profitable in Rapid City?
Yes, there is good short-term rental demand. A 68% 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 Rapid City
Short-term rental regulation is lenient in Rapid City. 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 Rapid City
A typical listing recorded a 68% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 2.27% 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: 68%
488 Active Listings
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Explore Rapid City's Airbnb Data ⟶
Best Areas in Rapid City for Airbnb
Are you wondering where to invest in Rapid City? Look no further!
- Mount Rushmore National Memorial
- Badlands National Park
- Custer State Park
- Dinosaur Park
- Storybook Island
- Reptile Gardens
- Bear Country USA
- The Journey Museum and Learning Center
- Sitting Bull Crystal Caverns
- Art Alley
Top demand Airbnb in Rapid City
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 488 listings.
See 488 listing Statistics
Professional Short-term rental property managers in Rapid City
We've compiled a list of host profiles that manage the most Airbnb properties in Rapid City. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Rapid City
Here is a breakdown of short-let properties in Rapid City. 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