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Schenectady, New York
Airbnb Market Statistics & Data
USA

Is it profitable to do Airbnb in Schenectady, New York, USA?

What is the occupancy rate of Airbnb in Schenectady, New York, USA?

What is the average daily rate of Airbnb in Schenectady, New York, USA?


Last updated on: 15th May, 2024



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USA / New york / Schenectady, New York
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 Schenectady, New York is good for Airbnb.
Best Airbnb Markets in USA ⟶
Occupancy Rate

61%

$105

Daily Rate

$23K+

Revenue (2023)

9.7%

Net Yield

189

Number of Listings
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Is Airbnb Profitable in Schenectady, New York ?

Maybe, it's profitable to Airbnb because the average net rental yield for a one-bedroom property is 9.7%.
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 Schenectady, New York is booked for 212 nights a year, with a median occupancy rate of 58% and an average daily rate of $96. In Schenectady, New York, A typical host income (annual revenue) was $20,653 in 2023.

Best Areas in Schenectady for Airbnb

Are you wondering where to invest in Schenectady? 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. Schenectady County Historical Society
  2. Proctors
  3. Rivers Casino & Resort
  4. Central Park Rose Garden
  5. Empire State Aerosciences Museum
  6. MiSci Museum of Innovation and Science
  7. Mohawk Harbor
  8. Collins Park
  9. Schenectady Greenmarket
  10. Schenectady Civic Playhouse
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 Schenectady, New York's Airbnb Data ⟶
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