Introduction
Indian Rocks Beach, Florida, is a hidden gem along the Gulf Coast, known for its stunning beaches, warm climate, and laid-back atmosphere. With its picturesque setting and growing popularity among tourists, it’s no surprise that the short-term rental market, particularly on platforms like Airbnb, has been thriving in this beautiful coastal town. In this blog post, we’ll dive deep into the short-term (Airbnb) rental market in Indian Rocks Beach, providing valuable insights for both potential hosts and travelers.
The Real Estate Landscape
Before delving into the details of the Airbnb and short-term rental market, it’s essential to understand the local real estate dynamics. According to Zillow, the median home value in Indian Rocks Beach stands at $892,188. Additionally, Zillow reports a slight depreciation in home values, with a -0.10% change over a specific period. This information is crucial for potential hosts considering converting their properties into short-term rentals.
Short-Term Rental Market Statistics
To get a comprehensive overview of the short-term (Airbnb) rental market in Indian Rocks Beach, we turn to Chalet, a reliable source for vacation rental data.
Supply and Demand
Chalet reports a total of 2,366 active Airbnb rentals in Indian Rocks Beach. This robust supply reflects the popularity of this destination among travelers.
Rental Rates and Occupancy
The average daily rate for Airbnb rentals in Indian Rocks Beach is $359.20. This figure represents the potential income hosts can generate on a daily basis. Moreover, the occupancy rate is impressive, standing at 66%, which suggests consistent demand throughout the year.
Revenue Potential
Hosts can expect an annual revenue of $71,200 from their short-term rentals in Indian Rocks Beach. This figure is influenced by both the rental rate and the high occupancy rate. It highlights the financial viability of investing in this market.
