Puerto Rico Short-Term Rental Market Review 2025: Revenue, Occupancy & Supply Growth
Puerto Rico Short-Term Rental Market Overview 2025
Number of Airbnb Listings Changes in Puerto Rico 2025
Which markets are experiencing rapid saturation?
A key consideration when entering a new short-term rental market is assessing whether it may become oversaturated. To evaluate this, we analyze the year-over-year supply change in Airbnb listings. The national average YoY supply change in Puerto Rico was 17.91% in 2025, indicating the overall growth trajectory of the market.
Markets with Largest Absolute Supply Increases in Puerto Rico
In absolute terms, San Juan experienced the largest increase with +1,053 new listings added in 2025. This was followed by Rincon (+136 listings) and Rio Grande (+127 listings).
Markets with Fastest Relative Growth in Puerto Rico
In relative terms, San Juan experienced the most significant growth, with 25.90% more supply added over the 12-month period in 2025. Other rapidly expanding markets include Rio Grande (+19.06%) and Isabela (+18.69%).
Short-Term Rental Revenue Trend in Puerto Rico 2025, and Future Outlook for 2026
Does increased supply necessarily indicate market saturation?
To assess market saturation, we examine year-over-year revenue trends. A decline in revenue per listing typically indicates heightened competition and potential oversaturation. The Puerto Rico average YoY change in revenue was 15.83% in 2025, representing an increase from $35,725 in 2024 to $41,381 in 2025.
Top Markets Revenue Performance
San Juan
Rincon
Rio Grande
For more detailed revenue YoY change analysis by market, access the Airbtics dashboard to explore specific market performance metrics.
Easiest Markets for Hosts in Puerto Rico 2025
Markets with high occupancy rates provide hosts with greater booking consistency, while markets with high booking volumes offer expanded opportunities across various property types and sizes.
Highest Occupancy Rate Markets in Puerto Rico 2025
San Juan recorded a year-round occupancy rate of 71.00%, which is among the highest in Puerto Rico. This was followed by Rio Grande (64.00%) and Vieques (64.00%).
Highest Booking Volume Market in Puerto Rico 2025
Markets with high booking volumes present additional advantages, as they offer diverse opportunities across various property types and price points. The market that recorded the highest booking volume in Puerto Rico is San Juan, with approximately 1,327,625 nights booked in 2025.
Regulatory Landscape
We define a professionalized or strictly regulated market as one where over 50% of active Airbnb listings hold valid license information, indicating consistent enforcement and higher compliance. Markets below this threshold are considered unregulated or lenient.
In Puerto Rico, 0 out of 5 markets fall into the professionalized / strict regulation category. For detailed license compliance data and market-specific regulatory insights, the Airbtics dashboard provides the percentage of listings with valid licenses for each market, enabling investors to assess regulatory risk at a granular level.
Which Puerto Rico Markets Are Growing Healthily vs Overheating?
Understanding market saturation requires looking at both supply growth and revenue trends together. Markets are categorized by comparing their YoY supply and revenue changes against Puerto Rico's national averages. Markets where supply is growing faster than revenue (relative to national averages) may be approaching saturation, while markets with below-average supply growth but above-average revenue growth may present hidden opportunities.
Benchmark: Markets are categorized relative to Puerto Rico's national averages (Supply: 17.9%, Revenue: 15.8%). Markets above the national average are marked with ↑, while those below are marked with ↓.
Healthy Growth
Supply > avg, Revenue > avg
Expansion with demand keeping up
- San Juan Supply: +25.9% | Revenue: +33.2%
Early Saturation
Supply > avg, Revenue ≤ avg
Competition rising
- Rio Grande Supply: +19.1% | Revenue: +11.3%
- Isabela Supply: +18.7% | Revenue: +11.2%
Under-the-Radar
Supply ≤ avg, Revenue > avg
Hidden opportunities
- No markets in this category
Declining
Supply ≤ avg, Revenue ≤ avg
Risky markets
- Vieques Supply: +13.1% | Revenue: +10.8%
- Rincon Supply: +12.8% | Revenue: +12.7%
For the latest updates of the market data in Puerto Rico, check out our Best Airbnb Markets in Puerto Rico.
All metrics are calculated using active short-term rental listings tracked weekly by Airbtics. Revenue, occupancy rate, ADR, and supply growth are estimated from historical booking calendars, listing activity, and proprietary aggregation models.
Source: Airbtics
Learn data methodology →
Cite this report
Airbtics (2026). Puerto Rico Short-Term Rental Market Review 2025: Revenue, Occupancy & Supply Growth. https://airbtics.com/short-term-rental-market-report-2025-puerto-rico
Need Programmatic Access to Short-Term Rental Data?
Integrate accurate Airbnb market data directly into your applications, dashboards, and investment models with the Airbtics API. Access 12+ million listings, 12 months of historical data, and industry-leading revenue accuracy through clean, developer-friendly endpoints.
Explore Airbnb API →