Realtor, General Contractor, and Developer · Redding, CA · Member since 2009 · 7k+ posts · 4k+ votes
For those of you that own vacation rentals, do you know of where a person can find the data on local markets related to VR? Such as rents, number of units in an area, vacancy rates, etc.?
I crunched the numbers for the rentals on AirBnB. There are 151 listings on the site for the Costal Orange County Market. In this market are the cities of Aliso Viejo, Costa Mesa, Dana Point, Irvine, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, Lake Forest, Mission Viejo, Newport Beach, Orange County, Rancho Santa Margarita, San Clemente, San Juan Capistrano, Santa Ana, Tustin. In San Clemente, there are 57 listings.
Across the entire Costal Orange County Market, the average listing is for $185 a night, The forecasted average occupancy rate for the next week is 37%. Correspondingly, the vacancy rate is 63%.
I know this is an old thread, but wanted to add this info for anyone searching for vacation rental statistics - I use AirDNA.co. They offer quite a bit of info free (I was able to glean where to buy/not buy based on their free statistics) but they offer a paid subscription you need to purchase if you really want to dial down into details.
I do not represent this company or gain anything from advertising.
I currently subscribe to Airdna.co and find it very easy to use. Anyone running a short term rental should find their data incredibly easy to use. I would recommend using their Market Minder subscription service to analyze the data that is out there to find your next investment property.
I buy reports from Airdna. They scrape data from Airbnb and give insight on occupancy rate, pricing, etc. Obviously, this doesn't take into account Homeaway and other sites, but it gives you a good idea if the market is viable.
For those of you that own vacation rentals, do you know of where a person can find the data on local markets related to VR? Such as rents, number of units in an area, vacancy rates, etc.?