Airbnb Market Data in US, CA, Los Angeles

On a yearly basis, Los Angeles boasts approximately 23,000 active listings on a monthly basis. This is heavily dependent on the season, and this number can drop and rise by around 5,000 listings per month from summer to winter and vice versa. In Q1, we see the active listing total sits at around 21,000. In Q2, this rises to 30,000 and in Q3, the number can rise as high as 35,000. The number then starts to decrease again in Q4. There are a few reasons why the Market Supply figures vary so much during the year. Some Airbnb hosts opt to rent out their own homes during busier periods to make more money, and these properties are then taken off the market once the demand dies down. Some hosts prefer a hybrid rental strategy of short-term rentals in summer and one longer rental in autumn and winter. There are also hosts that elect to take their properties offline to make cosmetic adjustments or a property refresh. Of course, there are also hosts to do seasonal renovations, and these properties will have to be taken offline while the renovations are underway.

The layout of the vacation rental industry in Los Angeles is similar to that in most cities in the United States, just on a far greater scale. Between 40% and 50% of vacation rental listings in Los Angeles are one-bedroom properties. Two-bedroom properties account for between 15% and 25% of properties in Los Angeles and three-bedroom properties account for between 5% and 10%, depending on the time of year. Over 70% of properties in Los Angeles are ‘entire property’ listings which means they are private properties, with the host not living on the property. Shared properties account for approximately 25% and ‘shared rooms’ account for 5%.

The occupancy rates for Los Angeles vary like they do in all cities. It’s unusual to see occupancy in Los Angeles lower than 30%, no matter which season. The rates range from around 40% in the off-peak season to up to 80% in summer. We normally see occupancy in Q1 at around 40%, which then rises to 55% in Q2. Those rates increase in Q3 to approximately 70% and this figure then decreases again in Q4 to around 50%.

The median house price in Los Angeles county is $918,000. This figure is not an average, it’s simply a value that represents the middle of the pricing range. In comparison to years before, the median price of $918,000 is down about 4%. This does not mean the outlook is grim, it simply means that slightly fewer high-end houses were sold. The median number of days that houses in Los Angeles sit on the market is around 55, depending on the suburb.

The Average Daily Rate is one of the best figures to look at when you’re considering investing in a vacation rental property in that area. It gives you a snapshot of the kinds of daily rates you might achieve. This paired with the area’s occupancy rate can give you an accurate picture of your potential monthly earnings. In Los Angeles county, the Average Daily Rate ranges from around $215 to $235 in Q1 and the earlier parts of Q2. This figure then rises to $250 in the latter stages of Q2 and up to $270 in early Q3. The prices then start to decline again before spiking in the latter part of Q4 due to the festive season. During this time, you’ll see prices similar to those seen in peak season.