Miami, FL Airbnb Market Data: Revenue, Occupancy & ADR

For investors seeking scale, Miami’s high-density urban core offers clear clusters of outperformance. In zip code 33131 (Brickell/Downtown), 892 listings post a median annual revenue of $54,577, 65% occupancy, and a 9.4% gross yield on a $582,855 median home value. The 33133 (Coconut Grove) cluster, with 460 listings, delivers $51,175 median revenue and 64% occupancy, albeit at a higher $1.23M median home value and a lower 4.1% yield. These numbers reflect the city’s bifurcation: investors can target higher-yield, moderate-price units in the urban core or pursue premium nightly rates in luxury neighborhoods. For tailored acquisition strategies, a Chalet agent can help navigate these micro-markets.

Product segmentation is equally stark. Three-bedroom properties (881 listings) average $52,219 in annual revenue at a $354 ADR and 52% occupancy, while four-bedrooms (443 listings) push to $72,813 and $487 ADR, maintaining 50% occupancy. The five-bedroom segment (185 listings) climbs to $91,052 at a $661 ADR and 50% occupancy—demonstrating strong demand for larger group accommodations, particularly during peak season. Studios and one-bedrooms, while comprising the bulk of supply, trail in revenue ($25,948 and $25,748 respectively) and yield, suggesting that scale-oriented investors will find better returns by moving up the bedroom ladder.

At scale, Miami’s STR winners are operators who can manage both regulatory compliance and dynamic pricing across seasonal peaks. Demand is diversified: 21.1% of guests are international, and domestic traffic is anchored by drive and fly markets like New York (5.5% of reviews), Orlando, Atlanta, and Chicago. Booking lead times average 35 days (median 18), with typical stays of 5.4 nights, favoring operators who can flex between short and medium-term bookings. For investors modeling portfolio returns, the Chalet ROI calculator captures Miami’s unique blend of high ADR, pronounced seasonality, and compliance costs.

Risks in Miami are highly concentrated. Year-over-year, revenue per listing has surged by 42.2%, occupancy is up 11.6%, and ADR has climbed 19.0%—all while listing supply has contracted by 9.0% and home values have slipped 2.5%. This dynamic signals a market where regulatory enforcement and supply constraints are driving up returns for compliant operators, but also raising the bar for new entrants. The September trough (50% occupancy, $2,397 revenue) is a critical stress test for cash flow. Regulation is a gating factor: Miami STRs are legal but subject to strict city, county, and state requirements, with aggressive enforcement and high penalties for non-compliance. Investors must stay current on Miami STR regulations to avoid costly shutdowns and fines.