How Much Can You Earn with Airbnb?
If you have a vacation home that you want to rent, or you are looking at starting a side business by investing in vacation rentals, the first question that comes to your mind is, “How much can it pay me?”
There is no definite number to answer this question. Various factors will decide the number for you. What type of property do you want? How many people do you want to accommodate? What is your pricing? The answers to these questions will calculate your final profit and revenue.
But you can get a rough idea by studying the Airbnb revenue statistics. You can see which factors matter the most and how much they will affect your prices.
Estimate your Airbnb Rental Property Income using the AllTheRooms Airbnb Calculator.
Analyze your scopes of earnings from types of properties across the globe.
It is user-friendly. Simply insert the details like the number of guests, number of bathrooms and bedrooms, etc.
Your property’s parameters are compared and studied with similar properties’ databases across the globe to estimate the performance of your new property.
Airbnb Rental Property Costing
AllTheRooms Airbnb Calculator will help you estimate all the costs that you might incur throughout the process.
Generate monthly cost projections for the property.
Calculate your earnings with expenses and get the net income figure.
Utilize the short-term cost templates to organize your expenses. You can also add custom fields.
Calculating Rental Property Profits
Let AllTheRooms access your costs and earnings and it will generate a financial statement showing the profits. It will also give you the estimated return on investment.
You can easily generate capitalization rates for any number of properties.
It will compare various properties so you can pick the best one for investing in.
If you are thinking of mortgaging a property, it will calculate your best cahs-to-cash return possibilities.
How much can an Airbnb host earn?
Take a look at the gross revenues in the market and you will get a fair idea of how much an Airbnb host might be earning. Your research should be data-driven to give you a fair idea. You need this information to stay aware and also while talking about investments with prospective vacation rental property managers.
Average annual host revenues by region (2021/2020)
The data reflects that North America is the highest-earning region in the field. We believe the average to be with Europe at $13,567.
Average annual host revenues by country (2021/2020)
These are the top 10 countries by the number of listings. We see that the highest Airbnb earnings are in the United States. An average host in the Ud would earn about $44,235 in 2021 and $25,553 in 2020. Australia is second followed by the UK, Canada, Portugal, etc.
Average annual host revenues by state (the US, 2021/2020)
As we have observed in the above data, the United States leads in average revenue globally. Here, we decided to break down further into the US and check out the revenues state-wise. Hawaii is leading in both 2020 and 2021 with revenues of $26,918 and $73,247 respectively.
Best city picks for average vacation rental income (From the US top 10 cities by number of listings, 2021/2020)
From the top 10 cities by the number of listings in the US, we see San Diego topping the charts for the highest vacation rental income with $77,990 in 2021 on Airbnb. It is a massive jump from $33,340 in 2020. It is followed by Austin with $74,241 in 2021. Kissimmee comes third on the list and so on.
Best city picks for average vacation rental income (Canada, 2021/2020)
From the top 15 markets in Canada, we filter out the top 5 highest-earning Airbnb rentals with Whistler making it to the top with $52,762 in the ski resort market. The second place goes to Les Laurentides where the average host made $35,770 in 2021. Kelowna secures third place with $20,266 in the same year.
Best city picks for average vacation rental income (The UK, 2021/2020)
Out of all the amazing and emerging cities in the UK, we filtered the following cities with the highest average income for the hosts. The historical and majestic York tops the list with $37,109 in 2021 and we are not surprised. The second highest is Bath at $36,342 in 2021 which is up from $20,626 in 2020 which is higher than what York earned in 2020.
Best city picks for average vacation rental income (Australia, 2021/2020)
Yet again, we pick from the 15 largest marketing and Australia and identify these gems of cities that provide the highest rental income to their hosts in Australia. Noosa Heads leads the list with $56,182 in 2021 which is an up from $32,093 in 2020. It is followed by the magnificent Byron Bay where hosts made $55,368 in 2021 and $46,358 in 2020.
Average annual host revenue by arrangement (2021/2020)
Various home arrangement types will earn you different revenues. From our research, we find the entire home arrangement to be the most profitable since it earned the highest revenue of $14,498 in 2021
Average annual host revenue by the number of rooms (2021/2020)
It is quite obvious that the more the number of rooms, the higher will be the price. If you have a property with more than 4 rooms, you will earn a handsome sum of $28,143. The smaller room property like a studio apartment with one room will give you about $8,586 (as of 2021).
Average annual host revenue by the reviews (2021/2020)
As we discussed earlier, if you have more positive reviews, it will attract more customers. Reviews don’t only attract customers, they also determine the price of your property based on how famous it is. If there aren’t any reviews, you won’t have justification for high prices. Your property must be known enough for you to charge an appropriate sum. Hence, reviews also determine your visibility and credibility in the market.
In the table below, we see how properties with more than 100 reviews have earned about $23,862 in 2021. This is the highest revenue generated as compared to the properties that have less than 100 reviews.
Utilize the power of AllTheRooms. Click here to get started for free! You don’t require a credit card either.