Airbnb market analysis and investment insights
$132
Philadelphia, PA — Market Intelligence Report
Researched by Chalet's Senior STR Analysts · Verified with local Philadelphia market partners
Philadelphia’s short-term rental market delivers a complex but investable profile, defined by a sharp bifurcation between active full-time operators and the broader casual landscape. Active full-time listings average $15,976 in annual revenue (Chalet data, 1,221 listings), a figure that sets the true revenue bar for committed operators—well below the whole-market median of $22,727, which is inflated by a large cohort of part-time and underperforming inventory. Median occupancy sits at 44% and the average daily rate (ADR) is $132, with a median gross yield of 9.99% against a median home value of $227,523. Nationally, Philadelphia ranks #155 for STR performance. Seasonality is moderate, with May peaking at $2,310 in revenue (59% occupancy, $160 ADR) and October hitting the trough at $1,249 (39% occupancy), marking a 1.85x spread from high to low season.
The revenue landscape is heavily shaped by property type and location. Three- and four-bedroom homes are the clear outperformers among scalable segments, with 3BRs averaging $21,026 annually at a $253 ADR and 41% occupancy, while 4BRs push to $28,039 at a $354 ADR and 40% occupancy. These larger units command a premium in both nightly rate and total revenue, reflecting demand from group and family travel. Investors seeking a foothold in these categories can connect with a Chalet agent to identify supply-constrained blocks and optimize for scale.
On the geographic front, core Center City and adjacent neighborhoods anchor the city’s highest-performing clusters. The 19103 zip code leads with a median annual revenue of $33,615 (55% occupancy, $185 ADR, 7.4% yield, $454,980 median home value), followed by 19146 at $29,327 (44% occupancy, $146 ADR, 7.8% yield, $378,290 home value) and 19123 at $27,194 (50% occupancy, $136 ADR, 6.0% yield, $454,734 home value). These submarkets combine strong yield profiles with consistent demand, but also require higher capital outlays. For investors prioritizing yield over gross revenue, 19107 stands out with an 8.2% gross yield on a $314,875 median home, paired with $25,834 in median annual revenue and 52% occupancy.
At scale, Philadelphia’s winning operators are those who can navigate the city’s regulatory and tax environment while targeting demand from regional drive markets—New York, Washington, DC, Pittsburgh, and Baltimore collectively account for over 25% of guest reviews, with international travelers representing just 3.7%. Booking lead times average 34 days (median 19), and average stays run nearly five nights, supporting a model that can absorb moderate seasonality and higher minimum-night requirements. For underwriting and scenario planning, the Chalet ROI calculator offers granular modeling tailored to Philadelphia’s unique cost and revenue structure.
The risk side is concentrated but non-trivial. The city’s robust licensing and zoning regime, strict enforcement climate, and a 15.5% effective lodging tax stack create meaningful compliance and margin pressures—especially for non-primary units, which face strict zoning limits. Year-over-year, the market has seen a 22.2% jump in occupancy, a 23.4% surge in ADR, a 17.2% increase in listing supply, and a 2.2% rise in home values (Chalet data, Mar–May 2026 vs. Mar–May 2025). The October trough remains the operational low point, with just 39% occupancy. Investors must stay current with Philadelphia STR regulations to avoid costly missteps.
Philadelphia’s STR market rewards scale-minded, compliance-savvy investors who can capture rising ADR and occupancy, but the path to outperformance runs through regulatory fluency and disciplined product selection.
Get matched with top Philadelphia, PA lenders who specialize in short-term rental financing — they understand STR underwriting and offer competitive rates for investment properties.
| 19127 |
| 7% |
| $22,947 |
| 12 |
| $341K |
| 3 | 19144 | 12% | $22,925 | 53 | $186K |
| 4 | 19119 | 4% | $15,426 | 27 | $358K |
| 5 | 19103 | 7% | $33,615 | 128 | $455K |
| 6 | 19152 | 1% | $2,438 | 8 | $316K |
| 7 | 19128 | 7% | $25,837 | 30 | $355K |
| 8 | 19122 | 9% | $26,478 | 108 | $299K |
| 9 | 19125 | 6% | $22,807 | 117 | $358K |
| 10 | 19153 | 3% | $5,382 | 23 | $213K |
| 11 | 19130 | 6% | $24,855 | 119 | $426K |
| 12 | 19106 | 7% | $28,804 | 116 | $397K |
| 13 | 19138 | 8% | $14,301 | 11 | $176K |
| 14 | 19151 | 6% | $11,701 | 29 | $198K |
| 15 | 19120 | 9% | $15,073 | 12 | $168K |
| 16 | 19139 | 14% | $18,649 | 41 | $130K |
| 17 | 19132 | 29% | $20,451 | 14 | $71K |
| 18 | 19142 | 11% | $13,739 | 3 | $130K |
| 19 | 19143 | 12% | $16,736 | 102 | $140K |
| 20 | 19150 | 7% | $16,646 | 8 | $236K |
| 21 | 19114 | 2% | $5,625 | 3 | $313K |
| 22 | 19146 | 8% | $29,327 | 204 | $378K |
| 23 | 19121 | 8% | $14,057 | 87 | $185K |
| 24 | 19141 | 7% | $10,592 | 21 | $158K |
| 25 | 19148 | 7% | $18,741 | 81 | $256K |
| 26 | 19118 | 2% | $15,115 | 50 | $855K |
| 27 | 19108 | 0% | $18,431 | 3 | $0K |
| 28 | 19140 | 10% | $9,655 | 17 | $98K |
| 29 | 19134 | 10% | $11,833 | 12 | $116K |
| 30 | 19135 | 9% | $18,980 | 14 | $201K |
| 31 | 19104 | 7% | $15,547 | 215 | $212K |
| 32 | 19102 | 8% | $29,181 | 36 | $371K |
| 33 | 19133 | 16% | $12,877 | 9 | $82K |
| 34 | 19147 | 6% | $26,740 | 165 | $468K |
| 35 | 19136 | 6% | $13,102 | 6 | $232K |
| 36 | 19107 | 8% | $25,834 | 182 | $315K |
| 37 | 19123 | 6% | $27,194 | 258 | $455K |
| 38 | 19126 | 15% | $32,964 | 3 | $224K |
| 39 | 19145 | 7% | $17,361 | 90 | $246K |
| 40 | 19131 | 8% | $13,209 | 27 | $158K |
| 41 | 19129 | 5% | $15,244 | 9 | $307K |
| 42 | 19124 | 4% | $6,668 | 26 | $169K |
Click any zipcode above to explore detailed analytics for that specific neighborhood in Philadelphia, PA. Each neighborhood page includes comprehensive data on occupancy rates, seasonal trends, and investment projections.
