Airbnb Market Analytics & Investment Insights
Annual Revenue
$71,671
Based on 1809 full time Airbnb rentals
Average Daily Rate
$355
Gross Yield
As of October of 2024, Homes in 33040 ZIP Code have appreciated by 0.99%, with the median home value standing at $1,016,500, according to Zillow.
There are currently 1,809 active short-term rentals in 33040 ZIP Code. The average daily rate for these rentals is $355. This translates to an annual revenue of $71,671 for short-term rentals as of October of 2024.
33040 ZIP Code is an investor-friendly location with short-term rental regulations favorable to those looking to invest in short-term rentals.
Average Daily Rate Trend
$355
Occupancy Rate Trend
74%
Get matched with top Key West, FL realtors who specialize in short-term rentals — they know which neighborhoods actually cash flow and which to avoid.
As of October of 2024, the average gross yield for short-term rentals in 33040 ZIP Code is 7.05%. However, potential investors should also consider the average property tax, which stands at 0.58% according to SmartAsset.
The median household income in 33040 is $58,231.
As of October of 2024, the occupancy rate for Airbnb rentals in 33040 is 74%, which is higher than the average occupancy rate for the United States.
Discover the leading hosts in Key West ranked by guest ratings and active listings. These hosts combine scale with exceptional guest satisfaction, setting the benchmark for success.
Brightwild leads the market with 99 active listings and maintains an exceptional 4.70 average guest rating.
Vacasa Key West leads the market with 97 active listings and maintains an exceptional 4.57 average guest rating.
Vacasa Florida leads the market with 92 active listings and maintains an exceptional 4.60 average guest rating.
These top performers serve as benchmarks for what drives success in Key West'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 33040 ZIP Code is 2.3%, which is lower than the national average of 4.1%.
The most impactful amenities for short-term rentals in 33040 include a Indoor fireplace, Pool table, and Kayak.
33040 ZIP Code is a popular destination for travelers, with Airbnb demand coming from cities like Miami, FL (2.84% of all guests), New York, NY (1.63% of all guests), and Fort Lauderdale, FL (1.18% of all guests).
The top short-term rental hosts in 33040 ZIP Code include Brightwild, Vacasa Key West and Vacasa Florida. These hosts have an average rating of 4.70, 4.57 and 4.60 respectively.
The most popular property types in 33040 ZIP Code are 2-bedroom units, with an average daily rate of $355 and an annual revenue of $56,210.
The average booking lead time for short-term rentals in 33040 ZIP Code is 90 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.
7.05%
Occupancy Rate
74%