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Best Airbnb Markets in Rhode island

Last updated on May 24th, 2024

Best Airbnb Markets in Rhode Island

Best Places to Buy an Airbnb in Rhode Island

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Last updated on: 12th May, 2024

USA / Rhode Island
82% of American responded that they only looked into one city before buying their first vacation rental property. However, by exploring multiple places, you can gain a broader understanding of the real estate landscape, potentially leading to more informed and profitable investment decisions.

We have gathered up all the important short-term rental indicators for you, so you don’t have to spend hours.

These are the 8 best places to start an Airbnb in Rhode Island, with an average host revenue of $3.22K+/month. A typical listing is booked for 243 nights a year.

Our Methodologies Data explanations … Read More
Occupancy Rate: It tells how often was a typical active property occupied over the last 12 months? The formula is “number_of_booked_days / number_of_available_days”.
Average Daily Rate: How much did hosts in this market charge per day over the last 12 months? This does not include cleaning fees.
Revenue: What’s the median revenue a property in this market generated over the last 12 months? This Revenue figure represents the median over the past 12 months and does not include taxes, service fees, or additional guest fees.
Number of listings: It is the total active listings over the past 12 months.
How do we collect the data?
Airbtics’ primary data source is attained through a web scraping software that directly takes data points from Airbnb. We also have secondary data sources from Airbnb hosts via iCal or vacation rental managers.
How accurate is the data?
Airbtics is dedicated to providing the most accurate data available in the market. Through the application of data science and machine learning algorithms, we train our various classifiers to consistently improve our data’s accuracy.
In addition to this, we make predictions based on Airbnb’s total revenue and it is 97% correlated with Airbnb’s official statement.

Top Airbnb markets in Rhode Island (with the highest Net Short Term Rental yields)

  1. Providence

    Providence, Rhode Island, is a vibrant city with a rich history, charming architecture, and a thriving arts scene. Visitors can explore historic sites, museums, and enjoy delicious culinary experiences in this culturally diverse city.
    • Airbnb Occupancy Rate: 66%
    • Average Daily Rate: $132
    • Annual Revenue: $32,674
    • Total Listings: 1,008
  2. Newport

    Newport, Rhode Island, USA, is a historic seaside city famous for its stunning architecture, coastal views, and sailing culture. Tourists can explore grand mansions along the Bellevue Avenue, walk along the Cliff Walk for picturesque ocean views, and visit the historic Fort Adams State Park for a glimpse into the city’s maritime history.
    • Airbnb Occupancy Rate: 55%
    • Average Daily Rate: $279
    • Annual Revenue: $54,322
    • Total Listings: 990

All Profitable Airbnb Markets to Invest in Rhode Island

Tiverton-market-image
Tiverton, RI

Tiverton, RI

20 listings
57%
Airbnb
Occupancy Rate
$265
Average
Daily Rate
$43,735
Annual
Revenue
Providence-market-image
Providence, RI

Providence, RI

1,008 listings
66%
Airbnb
Occupancy Rate
$132
Average
Daily Rate
$32,674
Annual
Revenue
Newport-market-image
Newport, RI

Newport, RI

990 listings
55%
Airbnb
Occupancy Rate
$279
Average
Daily Rate
$54,322
Annual
Revenue
Cranston-market-image
Cranston, RI

Cranston, RI

84 listings
64%
Airbnb
Occupancy Rate
$142
Average
Daily Rate
$32,409
Annual
Revenue
East Providence-market-image
East providence, RI

East providence, RI

50 listings
68%
Airbnb
Occupancy Rate
$147
Average
Daily Rate
$33,875
Annual
Revenue
Westerly-market-image
Westerly, RI

Westerly, RI

90 listings
58%
Airbnb
Occupancy Rate
$254
Average
Daily Rate
$52,178
Annual
Revenue
Woonsocket-market-image
Woonsocket, RI

Woonsocket, RI

16 listings
54%
Airbnb
Occupancy Rate
$72
Average
Daily Rate
$18,183
Annual
Revenue
Warwick-market-image
Warwick, RI

Warwick, RI

82 listings
67%
Airbnb
Occupancy Rate
$154
Average
Daily Rate
$41,724
Annual
Revenue

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