Airbnb Market Analytics & Investment Insights
Annual Revenue
$32,605
Based on 122 full time Airbnb rentals
Average Daily Rate
$176
Gross Yield
As of October of 2024, Homes in 85024 ZIP Code have appreciated by 3.64%, with the median home value standing at $496,642, according to Zillow.
There are currently 122 active short-term rentals in 85024 ZIP Code. The average daily rate for these rentals is $176. This translates to an annual revenue of $32,605 for short-term rentals as of October of 2024.
85024 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
$176
Occupancy Rate Trend
72%
Get matched with top Phoenix, AZ 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 85024 ZIP Code is 6.59%. However, potential investors should also consider the average property tax, which stands at 0.57% according to SmartAsset.
The median household income in 85024 is $58,231.
As of October of 2024, the occupancy rate for Airbnb rentals in 85024 is 71.5%, which is higher than the average occupancy rate for the United States.
Discover the leading hosts in Phoenix ranked by guest ratings and active listings. These hosts combine scale with exceptional guest satisfaction, setting the benchmark for success.
RoomPicks leads the market with 131 active listings and maintains an exceptional 4.53 average guest rating.
Evolve leads the market with 50 active listings and maintains an exceptional 4.85 average guest rating.
GoodNight leads the market with 49 active listings and maintains an exceptional 4.73 average guest rating.
These top performers serve as benchmarks for what drives success in Phoenix'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 85024 ZIP Code is 3.4%, which is lower than the national average of 4.1%.
The most impactful amenities for short-term rentals in 85024 include a Sauna, Ping pong table, and Babysitter recommendations.
85024 ZIP Code is a popular destination for travelers, with Airbnb demand coming from cities like Phoenix, AZ (5.05% of all guests), Los Angeles, CA (2.90% of all guests), and Tucson, AZ (2.18% of all guests).
The top short-term rental hosts in 85024 ZIP Code include RoomPicks, Evolve and GoodNight. These hosts have an average rating of 4.53, 4.85 and 4.73 respectively.
The most popular property types in 85024 ZIP Code are 2-bedroom units, with an average daily rate of $176 and an annual revenue of $38,369.
The average booking lead time for short-term rentals in 85024 ZIP Code is 52 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.
6.59%
Occupancy Rate
72%