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Short-term Rental Market Growth
Key Takeaways
- The average monthly short-term rental units available in 2021 was 1.067 million.
- There was an increased demand for private rooms or 1-2 bedroom apartments on Airbnb in 2021.
- Owners are often individuals who either invest in homes privately or rent out their own property for special occasions or during a portion of the year when they are residing elsewhere.
Introduction
There has been healthy recovery of the short-term rental market since Covid with an average of 1.067 million monthly rentals available in the United States in 2021. Details of our findings have been provided below.
Current United States Short-Term Rental Listings
- The average monthly short-term rental units available in 2021 was 1.067 million.
- The annual number of short-term listings historically includes the following:
- 2019: 1.18 million
- 2020: 1.04 million
Short-Term Rental Types
- There was an increased demand for private rooms or 1-2 bedroom apartments on Airbnb in 2021.
- Destination rentals generally have a higher demand for single-family units.
- Airbnb does not disclose rental statistics by property type.
Short-Term Rental Owner Profile
- Owners are often individuals who either invest in homes privately or rent out their own property for special occasions or during a portion of the year when they are residing elsewhere.
- While individual owners are the most popular for destination rentals, there is an increasing interest in corporate short-term rental management for apartments in certain markets. The percentage of ownership by type generally depends on local supply and demand.
Short-Term Rental Charts
Research Strategy
For this research on the short-term rental market in the United States, we leveraged the most reputable sources of information that were available in the public domain, including Skift, AirDNA, Airbnb, and others.