Airbnb Market Analytics & Investment Insights
Annual Revenue
$55,254
Based on 12 full time Airbnb rentals
Average Daily Rate
$330
Gross Yield
As of October of 2024, Homes in 13042 zipcode have appreciated by 10.19%, with the median home value standing at $231,036, according to Zillow.
There are currently 12 active short-term rentals in 13042 zipcode. The average daily rate for these rentals is $330. This translates to an annual revenue of $71,830 for short-term rentals as of October of 2024.
13042 is an investor-friendly location with short-term rental regulations favorable to those looking to invest in short-term rentals.
Average Daily Rate Trend
$330
Occupancy Rate Trend
52%
Let our agents guide you to the best short-term rental investments in Cleveland, OH
As of October of 2024, the average gross yield for short-term rentals in 13042 zipcode is 23.73%. However, potential investors should also consider the average property tax, which stands at 2.33% according to SmartAsset.
The median household income in 13042 is $58,231.
As of October of 2024, the occupancy rate for Airbnb rentals in 13042 is 52%, which is lower than the average occupancy rate for the United States.
Discover the leading hosts in Cleveland ranked by guest ratings and active listings. These hosts combine scale with exceptional guest satisfaction, setting the benchmark for success.
Mark leads the market with 21 active listings and maintains an exceptional 4.94 average guest rating.
RoomPicks leads the market with 19 active listings and maintains an exceptional 4.53 average guest rating.
Michael leads the market with 18 active listings and maintains an exceptional 4.96 average guest rating.
These top performers serve as benchmarks for what drives success in Cleveland's competitive short-term rental scene. Their strategies combine operational efficiency with outstanding guest experiences, making them the gold standard for aspiring hosts and property managers in the area.
10 hosts available
As of October of 2024 The unemployment rate in 13042 is 4.1%, which is higher than the national average of 4.1%.
The most impactful amenities for short-term rentals in 13042 include a Baby monitor, Bread maker, and Pool table.
13042 is a popular destination for travelers, with Airbnb demand coming from cities like Cleveland, OH (4.25% of all guests), Columbus, OH (4.07% of all guests), and Chicago, IL (2.60% of all guests).
The top short-term rental hosts in 13042 include Mark, RoomPicks and Michael. These hosts have an average rating of 4.94, 4.53 and 4.96 respectively.
The most popular property types in 13042 are 2-bedroom units, with an average daily rate of $330 and an annual revenue of $0.
The average booking lead time for short-term rentals in 13042 is 48 days.
Disclaimer
This page and the data presented are for informational purposes only. The information provided should not be construed as financial, legal, or investment advice. Market conditions can change rapidly, and past performance does not guarantee future results. Always consult with qualified professionals before making investment decisions.
23.73%
Occupancy Rate
52%