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Annual Airbnb Revenue in Troy new york, USA

Last updated on May 27th, 2024

Troy, New York| Airbnb Market Data & Overview | USA

Troy, New York
Airbnb Market Data & Overview
USA

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

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

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

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Troy, New York, USA Airbnb Data

Last updated on: 15th May, 2024

USA / New york / Troy, 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 Troy, New York is good for Airbnb.
Occupancy Rate

64%

$86

Daily Rate

$20K+

Revenue (2023)

12.6%

Net Yield

219

Number of Listings

Is Airbnb Profitable in Troy, New York ?

Yes, it’s profitable to Airbnb because the average net rental yield for a one-bedroom property is 12.6%.
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 Troy, New York is booked for 245 nights a year, with a median occupancy rate of 67% and an average daily rate of $89. In Troy, New York, A typical host income (annual revenue) was $20,847 in 2023.

Best Areas in Troy for Airbnb

Are you wondering where to invest in Troy? 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. Downtown Troy
  2. RPI Campus Area
  3. Troy Waterfront Farmers Market
  4. Oakwood Cemetery
  5. Burden Iron Works Museum
  6. Troy Savings Bank Music Hall
  7. Frear Park
  8. Emma Willard School
  9. Riverfront Park
  10. The Hart-Cluett Mansion
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 Troy, New York‘s Airbnb Data
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