Is it profitable to do Airbnb in Richmond, The United States?
What is the occupancy rate of Airbnb in Richmond, The United States?
What is the average daily rate of Airbnb in Richmond, The United States?
The United States / Richmond
Richmond, Airbnb Market Statistics & Data, The United States
A typical short-term rental listing in Richmond is booked for 245 nights a year, with a median occupancy rate of 67% and an average daily rate of $127. In 2023, a typical host income (annual revenue) was $31K. As of 12th September, 2024, there are 1,022 active Airbnb listings.
Average Revenue: $31K/yr
Occupancy Rate
67%
Avg Daily Rate
$127
Mid Scale
No. of Listings
1,425
Medium
YoY Revenue Change
4.17%
Best Month
June
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
$2,058
Average
$2,566
High
$3,050
Is Airbnb Profitable in Richmond?
Yes, there is good short-term rental demand. A 67% 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 Richmond
Short-term rental regulation is lenient in Richmond. 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 Richmond
A typical listing recorded a 67% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 2.25% 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: 67%
1,022 Active Listings
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Explore Richmond's Airbnb Data ⟶
Best Areas in Richmond for Airbnb
Are you wondering where to invest in Richmond? Look no further!
- Carytown
- Maymont Park
- Virginia Museum of Fine Arts
- Lewis Ginter Botanical Garden
- Shirley Plantation
- Hollywood Cemetery
- Virginia State Capitol
- Science Museum of Virginia
- The Valentine
- James River Park System
Top demand Airbnb in Richmond
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 1,022 listings.
See 1,022 listing Statistics
Professional Short-term rental property managers in Richmond
We've compiled a list of host profiles that manage the most Airbnb properties in Richmond. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Richmond
Here is a breakdown of short-let properties in Richmond. 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