Airbnb Market Analytics & Investment Insights
Annual Revenue
$27,826
Based on 189 full time Airbnb rentals
Average Daily Rate
$163
Gross Yield
9.15%
Occupancy Rate
59%
As of October of 2024, Homes in 29418 zipcode have appreciated by 5.27%, with the median home value standing at $304,002, according to Zillow.
There are currently 189 active short-term rentals in 29418 zipcode. The average daily rate for these rentals is $163. This translates to an annual revenue of $36,173 for short-term rentals as of October of 2024.
29418 is an investor-friendly location with short-term rental regulations favorable to those looking to invest in short-term rentals.
Average Daily Rate Trend
$163
Occupancy Rate Trend
59%
As of October of 2024, the average gross yield for short-term rentals in 29418 zipcode is 9.15%. However, potential investors should also consider the average property tax, which stands at 0.45% according to SmartAsset.
The median household income in 29418 is $58,231.
As of October of 2024, the occupancy rate for Airbnb rentals in 29418 is 58.5%, which is higher than the average occupancy rate for the United States.
As of October of 2024 The unemployment rate in 29418 is 2.7%, which is lower than the national average of 4.1%.
The most impactful amenities for short-term rentals in 29418 include a Boat slip, Kayak, and Baby safety gates.
29418 is a popular destination for travelers, with Airbnb demand coming from cities like Charlotte, NC (3.87% of all guests), New York, NY (2.93% of all guests), and Atlanta, GA (2.66% of all guests).
The top short-term rental hosts in 29418 include StayDuvet, YourPad and Win With Carolina One. These hosts have an average rating of 4.94, 4.94 and 4.86 respectively.
The most popular property types in 29418 are 2-bedroom units, with an average daily rate of $163 and an annual revenue of $29,193.
The average booking lead time for short-term rentals in 29418 is 48 days.
Let our agents guide you to the best short-term rental investments in North Charleston, SC
