Airbnb Market Analytics & Investment Insights
Annual Revenue
$31,861
Based on 716 full time Airbnb rentals
Average Daily Rate
$199
Gross Yield
2.40%
Occupancy Rate
57%
As of October of 2024, Homes in 78703 ZIP Code have depreciated by -5.55%, with the median home value standing at $1,331,697, according to Zillow.
There are currently 716 active short-term rentals in 78703 ZIP Code. The average daily rate for these rentals is $199. This translates to an annual revenue of $31,861 for short-term rentals as of October of 2024.
78703 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
$199
Occupancy Rate Trend
57%
Let our agents guide you to the best short-term rental investments in Austin, TX
As of October of 2024, the average gross yield for short-term rentals in 78703 ZIP Code is 2.40%. However, potential investors should also consider the average property tax, which stands at 1.77% according to SmartAsset.
The median household income in 78703 is $58,231.
As of October of 2024, the occupancy rate for Airbnb rentals in 78703 is 57%, which is higher than the average occupancy rate for the United States.
Discover the leading hosts in Austin 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 158 active listings and maintains an exceptional 4.56 average guest rating.
RoomPicks leads the market with 92 active listings and maintains an exceptional 4.53 average guest rating.
David leads the market with 51 active listings and maintains an exceptional 4.95 average guest rating.
These top performers serve as benchmarks for what drives success in Austin'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 78703 ZIP Code is 3.6%, which is lower than the national average of 4.1%.
The most impactful amenities for short-term rentals in 78703 include a Sauna, Lake access, and Hot tub.
78703 ZIP Code is a popular destination for travelers, with Airbnb demand coming from cities like Austin, TX (8.70% of all guests), Houston, TX (8.41% of all guests), and Dallas, TX (4.31% of all guests).
The top short-term rental hosts in 78703 ZIP Code include Vacasa Texas, RoomPicks and David. These hosts have an average rating of 4.56, 4.53 and 4.95 respectively.
The most popular property types in 78703 ZIP Code are 2-bedroom units, with an average daily rate of $199 and an annual revenue of $87,447.
The average booking lead time for short-term rentals in 78703 ZIP Code is 63 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.