Airbnb Market Analytics & Investment Insights
Annual Revenue
$37,537
Based on 4410 full time Airbnb rentals
Average Daily Rate
$242
Gross Yield
8.65%
Occupancy Rate
56%
As of October of 2024, Homes in 78597 ZIP Code have depreciated by -3.93%, with the median home value standing at $434,821, according to Zillow.
There are currently 4,410 active short-term rentals in 78597 ZIP Code. The average daily rate for these rentals is $242. This translates to an annual revenue of $37,537 for short-term rentals as of October of 2024.
78597 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
$242
Occupancy Rate Trend
56%
Let our agents guide you to the best short-term rental investments in South Padre Island, TX
As of October of 2024, the average gross yield for short-term rentals in 78597 ZIP Code is 8.65%. However, potential investors should also consider the average property tax, which stands at 1.78% according to SmartAsset.
The median household income in 78597 is $58,231.
As of October of 2024, the occupancy rate for Airbnb rentals in 78597 is 56%, which is higher than the average occupancy rate for the United States.
Discover the leading hosts in South Padre Island ranked by guest ratings and active listings. These hosts combine scale with exceptional guest satisfaction, setting the benchmark for success.
Vacasa Texas leads the market with 272 active listings and maintains an exceptional 4.56 average guest rating.
SPI Rentals leads the market with 194 active listings and maintains an exceptional 4.63 average guest rating.
Padre Island Rentals leads the market with 166 active listings and maintains an exceptional 4.61 average guest rating.
These top performers serve as benchmarks for what drives success in South Padre Island'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 78597 ZIP Code is 5.6%, which is higher than the national average of 4.1%.
The most impactful amenities for short-term rentals in 78597 include a Changing table, Fireplace guards, and Bikes.
78597 ZIP Code is a popular destination for travelers, with Airbnb demand coming from cities like San Antonio, TX (10.17% of all guests), Austin, TX (9.53% of all guests), and Houston, TX (5.65% of all guests).
The top short-term rental hosts in 78597 ZIP Code include Vacasa Texas, SPI Rentals and Padre Island Rentals. These hosts have an average rating of 4.56, 4.63 and 4.61 respectively.
The most popular property types in 78597 ZIP Code are 2-bedroom units, with an average daily rate of $242 and an annual revenue of $32,281.
The average booking lead time for short-term rentals in 78597 ZIP Code is 50 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.