Florida is the short-term rental heaven, one of the most touristy states in the US. If you are sick of the cold winter, operating a vacation home in Florida may be a good excuse to visit there every winter. Of course, all while generating profitable cash flow to sustain your mortgage fees and all. It’s also easy to get a permit to run an Airbnb business here, most counties are quite friendly to Airbnb hosts.
In this post, we’ll specifically showcase some of the important numbers you need to know if you want to start a vacation rental on the east coast side of Florida. The average 1 BD / BA condo in East coast Florida can generate $2,950. Their average occupancy rate is 52% and the average daily rate is $161 per night.
While this may sound enticing to Airbnb hosts who would like to invest their time and money, you have to keep in mind that some neighborhoods may not offer an equal amount of return on investment.
The good news is that we’ve created this article to guide you through!
Airbnb Statistics in Florida East Coast Beaches - 1 BD / 1BA Condo
Collins avenue
2021 Average occupancy rate: 54%
2021 Median daily rate: $291
2021 Average monthly revenue: $4714
Miami Beach
2021 Average occupancy rate: 55%
2021 Median daily rate: $244
2021 Average monthly revenue: $4322
Downtown Miami
2021 Average occupancy rate: 55%
2021 Median daily rate: $240
2021 Average monthly revenue: $4291
American Beach
2021 Average occupancy rate: 59%
2021 Median daily rate: $196
2021 Average monthly revenue: $3978
Hollywood
2021 Average occupancy rate: 56%
2021 Median daily rate: $192
2021 Average monthly revenue: $3668
Sunny Isles Beach
2021 Average occupancy rate: 59%
2021 Median daily rate: $170
2021 Average monthly revenue: $3533
Jacksonville Beach
2021 Average occupancy rate: 59%
2021 Median daily rate: $170
2021 Average monthly revenue: $3514
Miami
2021 Average occupancy rate: 55%
2021 Median daily rate: $191
2021 Average monthly revenue: $3422
St. Augustine Beach
2021 Average occupancy rate: 63%
2021 Median daily rate: $147
2021 Average monthly revenue: $3198
Fernandina Beach
2021 Average occupancy rate: 55%
2021 Median daily rate: $123
2021 Average monthly revenue: $3180
South Ponte Vedra Beach
2021 Average occupancy rate: 61%
2021 Median daily rate: $135
2021 Average monthly revenue: $2878
Delray Beach
2021 Average occupancy rate: 48%
2021 Median daily rate: $176
2021 Average monthly revenue: $2774
Fort Lauderdale
2021 Average occupancy rate: 54%
2021 Median daily rate: $148
2021 Average monthly revenue: $2744
Neptune Beach
2021 Average occupancy rate: 52%
2021 Median daily rate: $147
2021 Average monthly revenue: $2723
Daytona Beach
2021 Average occupancy rate: 49%
2021 Median daily rate: $163
2021 Average monthly revenue: $2720
Ormond Beach
2021 Average occupancy rate: 50%
2021 Median daily rate: $153
2021 Average monthly revenue: $2649
Cocoa Beach
2021 Average occupancy rate: 64%
2021 Median daily rate: $111
2021 Average monthly revenue: $2626
New Smyrna Beach
2021 Average occupancy rate: 49%
2021 Median daily rate: $217
2021 Average monthly revenue: $2620
Butler Beach
2021 Average occupancy rate: 58%
2021 Median daily rate: $114
2021 Average monthly revenue: $2613
Wynwood
2021 Average occupancy rate: 52%
2021 Median daily rate: $166
2021 Average monthly revenue: $2457
Jupiter
2021 Average occupancy rate: 38%
2021 Median daily rate: $145
2021 Average monthly revenue: $2288
Near Miami Internatinoal airport
2021 Average occupancy rate: 56%
2021 Median daily rate: $134
2021 Average monthly revenue: $2242
West Palm beach
2021 Average occupancy rate: 47%
2021 Median daily rate: $122
2021 Average monthly revenue: $2167
Vero Beach
2021 Average occupancy rate: 48%
2021 Median daily rate: $118
2021 Average monthly revenue: $2088
Jensen beach
2021 Average occupancy rate: 41%
2021 Median daily rate: $158
2021 Average monthly revenue: $2071
Melbourne
2021 Average occupancy rate: 53%
2021 Median daily rate: $107
2021 Average monthly revenue: $2039
Playalinda Beach
2021 Average occupancy rate: 49%
2021 Median daily rate: $180
2021 Average monthly revenue: $1577
Through this accurate & reliable information, you can compare each listing in order to strategize properly and answer the most important question: is it going to maximize your revenue in the long run, or not?
Frequently Asked Questions
You need to get a short-term rental permit by the Florida Department of Business and Professional Regulation (DBPR). However, according to our own Airbnb listing analysis, more than 50% of Airbnb listings in Florida didn't submit their license information to Airbnb. Pshhh…
According to our data analysis, the first half of the year, January - June, has higher occupancy rates than the latter half of the year. However, the average nightly rate is higher during the latter half of the year.
$251 per night in 2021. It's $191 for 1 bd / 1 ba condo.
If you are looking for the highest revenue, the coastline that is close to Miami beach is a good bet. For example, Collins Avenue, Miami Beach, Downtown Miami, and Hollowood have the highest average revenue for 1bd / 1 ba condos.
Cocoa Beach, St. Augustine Beach, South Ponte Vedra Beach, American beach, Jacksonville Beach, and Sunny Isles beach have an average occupancy rate of 59% or higher.
First of all, having a pool will increase your RevPAR pretty efficiently. Our data says you will make 44% more, in the case of Miami, if your listing has access to a pool. Secondly, A hot tub can add about 42% of revenue. Making your listing pet-friendly will increase your RevPAR by 12% - is it worth all the deep cleaning you need to do? Up for you to decide!
Where is the best beaches in East Florida for short-term rental property investment?
When it comes to picking high net rental yield investment properties, it’s less about the area but it’s more about the specific properties for sale that you choose. But the data analysis we are going to show could guide you on which areas to look at more carefully. it’s better to start in upcoming or undervalued areas.
So, this image shows that the property price tends to get higher in the Miami area, but interesting point here is that the property price isn’t that high in Jacksonville area, which has similar amount of average annual Airbnb revenue. This means there is a good chance that you can find a relatively cheap property up in the north east coast, and run an Airbnb to generate high cash return.
CANT SEE YOUR PREFERRED CITY IN FLORIDA?
Check out the average Airbnb occupancy rates by city now!
If you are looking forward to running your Airbnb business in the long term, strategizing your occupancy & daily rates are just as important as maximizing your revenue.
Thanks to technology, you can analyze all that using an accurate short-term rental analytics that can help you estimate your earnings!
Airbnb Average Occupancy Rate in Florida East Coast Beaches - 1 BD / 1BA Condo
The above bar chart shows the 2021 average occupancy rates of 1 bedroom / 1 bathroom condo in each of the destinations.
Having an estimated percentage of your occupancy rate is one of the most essential key performance indicators for hosts in the Airbnb business.
This refers to the proportion of days in a month for which your property has bookings.
Primarily, as seen on the bar chart, Cocoa Beach, St.Augustine Bech, South Ponte Vedra are the top 3 highly occupied destinations. Jupiter Beach, Jensen Beach and Vero Beach are not so doing well! Should you avoid them? Well, it depends, you might find a good deal in that city, or maybe it’s just the 1 bed / 1 bath condo that isn’t doing so well in these regions. You still need to do further analysis.
