Last updated on May 24th, 2024
Best Places to Buy an Airbnb in Rhode Island
Last updated on: 12th May, 2024
USA / Rhode Island
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.
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.
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)
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
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, RI
Providence, RI
Newport, RI
Cranston, RI
East providence, RI
Westerly, RI
Woonsocket, RI
