Airbnb market analysis and investment insights
$211
New York, NY — Market Intelligence Report
Researched by Chalet's Senior STR Analysts · Verified with local New York market partners
New York City’s short-term rental market is defined by its scale, complexity, and a regulatory climate that has fundamentally reshaped the investment calculus. Active full-time operators in NYC average $25,430 in annual Airbnb revenue (Chalet data, 1,345 listings), a figure that sets the baseline for any serious investor. While the broader whole-market median revenue is $37,520, this is heavily skewed upward by a large pool of part-time and casual inventory—active, full-time numbers remain the most reliable proxy for pro-forma performance. The city’s median occupancy sits at 48%, with an average daily rate (ADR) of $211 and a median gross yield of 4.66% on a median home value of $804,879. Nationally, New York ranks #416 for short-term rental returns, underscoring the city’s high entry costs and compressed yields relative to Sun Belt or vacation markets. Seasonality is pronounced: September is the annual revenue peak ($3,731, 85% occupancy), while October sees a complete collapse to 0% occupancy and $1,724 in revenue, reflecting regulatory and demand-driven volatility.
Within the city, investment performance clusters around both product type and location. Among bedroom configurations, 3BR and 4BR units stand out: 3BRs average $39,821 in annual revenue (48% occupancy, $431 ADR), while 4BRs reach $53,347 (34% occupancy, $653 ADR)—though the latter’s thin supply (just 74 listings) limits scalability. Studios and 1BRs, which constitute the bulk of supply (781 and 2,448 listings respectively), trail in revenue at $20,449 and $18,383, reflecting both lower ADRs and a guest base skewed toward longer stays. Investors seeking to position in these segments should consult a Chalet agent for granular, building-level underwriting.
Geographically, the Midtown and Downtown zip codes remain the city’s most productive. In 10013 (SoHo/Tribeca), median annual revenue is $47,783 (61% occupancy, $242 ADR), though yields are compressed (1.4%) by a median home value of $3.49M. Midtown West (10036) and Chelsea (10001) offer a more accessible entry point: 10036 posts $41,420 in median revenue (50% occupancy, $241 ADR, 4.1% yield, $1.01M median home), while 10001 delivers $43,412 (61% occupancy, $300 ADR, 2.5% yield, $1.7M median home). These clusters are heavily trafficked by both leisure and business travelers, but regulatory risk is uniform citywide—compliance, not location, is the gating constraint. For tailored acquisition targets, see the Chalet agent network.
At scale, the winners are operators who can navigate both regulatory complexity and demand fragmentation. International guests account for nearly 20% of stays, with domestic demand led by New York itself (6.2% of reviews), Los Angeles, San Francisco, Chicago, Boston, and DC. The average booking lead time is 35 days (median 19), and the average stay stretches to 7.6 nights—longer than typical urban STRs, reflecting both regulatory minimums and guest adaptation. The market is fragmented: the top 10 hosts control just 18% of listings, and only 26% of supply is managed by Superhosts. For investors, the Chalet ROI calculator is essential to stress-test returns under different compliance and occupancy scenarios.
The risk profile for NYC STRs is concentrated and non-negotiable. The city’s regulatory regime is among the nation’s strictest: only host-present, primary residence rentals for up to two guests are legal, with mandatory OSE registration and aggressive enforcement. Entire-unit rentals under 30 days are banned outright, and fines can reach $5,000 per day or triple illegal revenue. Investors face high compliance costs and ongoing legislative risk (New York STR regulations). Seasonality is severe, with October as a total trough (0% occupancy), and while home values have risen 3.5% year-over-year, regulatory headwinds remain the dominant variable for underwriting.
In New York City, STR investment is a compliance-first, yield-compressed play—returns accrue to those who can operate within the letter of the law and withstand the city’s regulatory volatility.
Get matched with top New York, NY lenders who specialize in short-term rental financing — they understand STR underwriting and offer competitive rates for investment properties.
| 10075 |
| 2% |
| $29,334 |
| 63 |
| $1190K |
| 3 | 10038 | 0% | $57,188 | 27 | $0K |
| 4 | 10019 | 4% | $45,332 | 237 | $1208K |
| 5 | 10011 | 3% | $44,750 | 126 | $1596K |
| 6 | 10029 | 3% | $22,494 | 101 | $733K |
| 7 | 10017 | 9% | $70,131 | 75 | $767K |
| 8 | 10002 | 4% | $39,477 | 195 | $977K |
| 9 | 10001 | 3% | $43,412 | 249 | $1705K |
| 10 | 10028 | 5% | $68,794 | 75 | $1407K |
| 11 | 10005 | 4% | $43,079 | 59 | $1118K |
| 12 | 10030 | 5% | $33,585 | 90 | $688K |
| 13 | 10033 | 4% | $21,482 | 51 | $606K |
| 14 | 10003 | 3% | $37,295 | 138 | $1338K |
| 15 | 10031 | 4% | $21,763 | 95 | $527K |
| 16 | 10023 | 2% | $30,735 | 74 | $1416K |
| 17 | 10004 | 2% | $27,035 | 14 | $1191K |
| 18 | 10128 | 3% | $35,202 | 96 | $1156K |
| 19 | 10040 | 4% | $18,318 | 35 | $520K |
| 20 | 10032 | 4% | $21,047 | 77 | $542K |
| 21 | 10025 | 3% | $30,936 | 111 | $1090K |
| 22 | 10036 | 4% | $41,420 | 267 | $1008K |
| 23 | 10013 | 1% | $47,783 | 150 | $3492K |
| 24 | 10069 | 2% | $29,738 | 8 | $1865K |
| 25 | 10199 | 0% | $30,266 | 5 | $0K |
| 26 | 10026 | 3% | $25,371 | 99 | $827K |
| 27 | 10037 | 6% | $35,626 | 23 | $579K |
| 28 | 10034 | 2% | $10,549 | 45 | $471K |
| 29 | 10027 | 4% | $29,025 | 189 | $813K |
| 30 | 10012 | 2% | $45,858 | 87 | $2657K |
| 31 | 10035 | 5% | $37,732 | 50 | $705K |
| 32 | 10044 | 4% | $34,779 | 12 | $910K |
| 33 | 10016 | 5% | $42,471 | 231 | $943K |
| 34 | 10006 | 3% | $32,696 | 27 | $1051K |
| 35 | 10007 | 1% | $26,440 | 23 | $3034K |
| 36 | 10021 | 3% | $42,346 | 114 | $1405K |
| 37 | 10022 | 4% | $41,245 | 99 | $1117K |
| 38 | 10024 | 3% | $42,062 | 104 | $1506K |
| 39 | 10009 | 3% | $30,371 | 110 | $1002K |
| 40 | 10280 | 3% | $23,589 | 6 | $775K |
| 41 | 10065 | 4% | $58,566 | 59 | $1581K |
| 42 | 10039 | 2% | $13,347 | 32 | $615K |
| 43 | 10018 | 3% | $44,508 | 62 | $1389K |
| 44 | 10014 | 3% | $61,608 | 92 | $1841K |
Click any zipcode above to explore detailed analytics for that specific neighborhood in New York, NY. Each neighborhood page includes comprehensive data on occupancy rates, seasonal trends, and investment projections.
For a complete breakdown, visit our guide to Airbnb laws in New York, NY
