Introduction
When it comes to finding the perfect vacation getaway or a short-term stay in a popular destination like Coachella, CA, Airbnb and other short-term rental platforms have become the go-to choice for travelers. But what does the short-term rental market in Coachella really look like? In this comprehensive blog post, we will delve into the key statistics, trends, and insights that define the Airbnb and short-term rental landscape in Coachella, CA. Whether you’re a potential investor, a homeowner looking to rent out your property, or simply a curious traveler, this information will provide you with valuable insights into this thriving market.
Key Market Data
Before we dive into the details, let’s take a look at some important data points that paint a picture of the short-term rental market in Coachella:
Housing Market
- Homes Depreciation: According to Zillow, homes in Coachella, CA have experienced a appreciation rate of 4.10%.
- Median Home Value: The median home value in Coachella stands at $412,875, making it an attractive location for potential short-term rental property investors.
Short-Term Rentals
- Active Listings: Chalet reports a total of 433 active short-term rental listings in Coachella, CA.
- Average Daily Rate: The average daily rate for short-term rentals in Coachella is $701.10, indicating the potential for profitable short-term rental investments.
- Occupancy Rate: The occupancy rate for these rentals is approximately 43%, ensuring a steady stream of guests throughout the year.
- Annual Revenue: The annual revenue generated by short-term rentals in Coachella, CA is an impressive $94,400.
- Average Gross Yield: Investors can expect an average gross yield of 22.86%, making Coachella an attractive destination for potential property buyers.
- Property Tax: Property taxes in the area are relatively reasonable at 1.04%, providing a favorable financial environment for short-term rental investors (Source: SmartAsset).
