Airbnb Market Analytics & Investment Insights
Annual Revenue
$29,496
Based on 147 full time Airbnb rentals
Average Daily Rate
$146
Gross Yield
9.04%
Occupancy Rate
66%
As of October of 2024, Homes in 29420 zipcode have appreciated by 3.37%, with the median home value standing at $325,871, according to Zillow.
There are currently 147 active short-term rentals in 29420 zipcode. The average daily rate for these rentals is $146. This translates to an annual revenue of $38,345 for short-term rentals as of October of 2024.
29420 is an investor-friendly location with short-term rental regulations favorable to those looking to invest in short-term rentals.
Average Daily Rate Trend
$146
Occupancy Rate Trend
66%
As of October of 2024, the average gross yield for short-term rentals in 29420 zipcode is 9.04%. However, potential investors should also consider the average property tax, which stands at 0.45% according to SmartAsset.
The median household income in 29420 is $58,231.
As of October of 2024, the occupancy rate for Airbnb rentals in 29420 is 66%, which is higher than the average occupancy rate for the United States.
As of October of 2024 The unemployment rate in 29420 is 2.7%, which is lower than the national average of 4.1%.
The most impactful amenities for short-term rentals in 29420 include a Boat slip, Kayak, and Baby safety gates.
29420 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 29420 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 29420 are 2-bedroom units, with an average daily rate of $146 and an annual revenue of $34,931.
The average booking lead time for short-term rentals in 29420 is 48 days.
Let our agents guide you to the best short-term rental investments in North Charleston, SC
