Last updated on April 30th, 2024
Salt Lake City, Utah| Airbnb Market Data & Overview | USA
Salt Lake City, Utah
Airbnb Market Data & Overview
USA
Is it profitable to do Airbnb in Salt Lake City, Utah, USA?
What is the occupancy rate of Airbnb in Salt Lake City, Utah,
USA?
What is the average daily rate of Airbnb in Salt Lake City, Utah,
USA?
Salt Lake City, Utah, USA Airbnb Data
Last updated on: 30th April, 2024
USA / Salt Lake City, Utah
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
Salt Lake City, Utah is good for Airbnb.
No, it’s not profitable to Airbnb
because the average net rental yield for a
one-bedroom property is
5.1%.
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 Salt Lake City, Utah is booked for
285 nights a year, with a median
occupancy rate of 78% and an average
daily rate of $92. In Salt Lake City, Utah, A typical
host income (annual revenue) was
$27,174 in 2023.
Best Areas in
Salt Lake City for
Airbnb
Are you wondering where to invest in Salt Lake City? 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. 🚀
- Temple Square
- Red Butte Garden
- Utah Olympic Park
- Hogle Zoo
- The Leonardo Museum
- Tracy Aviary
- Discovery Gateway Children’s Museum
- Clark Planetarium
- Antelope Island State Park
- Capitol Hill
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?
Signup and check out more in-depth
vacation rental data for free.
Explore
Salt Lake City, Utah‘s Airbnb Data
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