Mid-Term Rental Market Analytics & Investment Insights
Annual Revenue
$27,500
Based on 2553 full time Airbnb rentals
Average Monthly Rate
$2500
Gross Yield
6.09%
#38 in the USProperty Tax Rate
1%
Homes in Hollywood have appreciated by 6.90%, with the median home value standing at $460952, according to Zillow.
There are currently 2553 active mid-term rentals in Hollywood. The average monthly rate for these rentals is $2500. This translates to an annual revenue of $35750 for mid-term rentals.
Hollywood is an investor-friendly location with mid-term rental regulations favorable to those looking to invest in mid-term rentals.
Average Monthly Rate Trend
$2500
Active Mid-Term Rentals
2553
The average gross yield for mid-term rentals in Hollywood is 6.09%. However, potential investors should also consider the average property tax, which stands at 1.00% according to SmartAsset.
The median household income in Hollywood is $58,231.
The unemployment rate in Hollywood is 2.7%, which is lower than the national average of 3.9%.
The most popular property types in Hollywood are 2-bedroom units, with an monthyl rents of $2500 and an annual revenue of $27500.
Let our agents guide you to the best mid-term rental investments in Hollywood, FL
