Top 10 AirBnB Income Markets Based on Income & Average Price

[Reuven Cohen]

Hi Everyone, I've been looking into the best markets for buying shared daily rental properties (Airbnb) based on Zipcode. Looking at every zip code in the US, here's what I discovered for an entire place with at least 1 bedroom and internet.

Gross Monthly income assume 100% occupancy (x * 365 / 12) Typical hotel occupancy range from 60-70%.

This data doesn't take into consideration local laws into or seasonal demand profiles, just places where there are a decent number of low cost properties and significant population base. Average property price is from Zillow (it's good enough). 

Raw data.

• The average nightly AirBnB rate for all US Zip Codes is currently. $213.02 
• Or a gross monthly of $6,479.40 at 100% occupancy. 
• The highest metro for nightly rate is Philadelphia PA Zip 19130 at $767.00 / night.
• The lowest is Cleveland OH 44110 at $61.00

Top Zip Codes based on value (monthly income / avg property price)

City, State, Zip, 

1. Cleveland, OH, 44127 

• Average / Night: $705.00, 
• Average / Month: $21,443.75,  
• Average Property Price: $37,400.00
• Value Ratio: 57.34% 

2. Cleveland OH, 44104    

• Average / Night: $529.00
• Average / Month: $16,090.42
• Average Property Price: $43,000.00
• Value Ratio: 37.42%

3. Maple Heights OH 44137  

• Average / Night: $642.00
• Average / Month: $19,527.50
• Average Property Price: $53,400.00
• Value Ratio: 36.57%

4.  Philadelphia PA, 19121  

• Average / Night: $633.00
• Average / Month: $19,253.75
• Average Property Price: $56,200.00
• Value Ratio: 34.26%

5. Anderson IN 46016  

• Average / Night: $405.00
• Average / Month: $12,318.75
• Average Property Price: $36,300.00
• Value Ratio: 33.94%

6. East Cleveland OH 44112

• Average / Night: $656.00
• Average / Month: $19,953.33
• Average Property Price: $60,400.00
• Value Ratio: 33.04%

7.  Dearing GA 30808  

• Average / Night:  $623.00
• Average / Month:  $18,949.58
• Average Property Price:  $59,300.00
• Value Ratio:  31.96%

8.  Garfield Heights OH 44125  

• Average / Night: $646.00
• Average / Month: $19,649.17
• Average Property Price:$65,200.00
• Value Ratio: 30.14%

9. Chester Township PA 19013 

• Average / Night: $602.00
• Average / Month: $18,310.83
• Average Property Price: $62,500.00
• Value Ratio: 29.30%

10. Philadelphia PA 19134

• Average / Night: $543.00
• Average / Month: $16,516.25
• Average Property Price: $56,800.00
• Value Ratio: 29.08%

[Armando Ramirez]

Don't know what raw data you used but it is completely inaccurate. I've helped clients rent their apartments in Manhattan and none of them charge more than $150 per night. And some of these apartments are in the ultra safe highly affluent neighborhoods like chelsea, TriBeCa, upper west side. 

I don't see how the national average nightly rate can be as high as $200 per night. That would make Airbnb more expensive than most hotels. 

And I don't see how the top ten zip codes based on value are all in either Ohio, Pennsylvania, or Georgia. These are not tourist destinations.