Is it profitable to do Airbnb in Royal Oak, The United States?
What is the occupancy rate of Airbnb in Royal Oak, The United States?
What is the average daily rate of Airbnb in Royal Oak, The United States?
The United States / Royal Oak
Royal Oak, Airbnb Market Statistics & Data, The United States
A typical short-term rental listing in Royal Oak is booked for 237 nights a year, with a median occupancy rate of 65% and an average daily rate of $139. In 2023, a typical host income (annual revenue) was $33K. As of 12th September, 2024, there are 310 active Airbnb listings.
Average Revenue: $33K/yr
Occupancy Rate
65%
Avg Daily Rate
$139
Mid Scale
No. of Listings
425
Small
YoY Revenue Change
10.02%
Best Month
July
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
$1,927
Average
$2,812
High
$3,812
Is Airbnb Profitable in Royal Oak?
Yes, there is good short-term rental demand. A 65% 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 Royal Oak
Short-term rental regulation is lenient in Royal Oak. 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 Royal Oak
A typical listing recorded a 65% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 5.8% 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: 65%
310 Active Listings
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Explore Royal Oak's Airbnb Data ⟶
Best Areas in Royal Oak for Airbnb
Are you wondering where to invest in Royal Oak? Look no further!
- Detroit Institute of Arts
- Detroit Zoo
- Greenfield Village
- The Edsel & Eleanor Ford House
- Somerset Collection
- Motown Museum
- Henry Ford Museum
- Morley Candy Makers
- Meadow Brook Hall
- Mill Race Village
Top demand Airbnb in Royal Oak
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 310 listings.
See 310 listing Statistics
Professional Short-term rental property managers in Royal Oak
We've compiled a list of host profiles that manage the most Airbnb properties in Royal Oak. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Royal Oak
Here is a breakdown of short-let properties in Royal Oak. 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