Understanding the Impact of Seasonal Airport Traffic on Short-Term Rental Demand
When it comes to short-term rentals, seasonal airport traffic can have a significant impact on demand. In cities like New York, NY, the median sale price is $825,000 with homes typically staying on the market for 74 days. This is in contrast to Los Angeles, CA, where the median price is $736,000 and homes stay on the market for 43 days.
According to our data, Philadelphia, PA has a median price of $255,000 with an average of 50 days on the market. This is significantly lower than San Antonio, TX, which has a median price of $189,000 and an average of 79 days on the market.
Let's take a closer look at some of the key metrics from our data. The table below shows the median sale price, homes sold, and days on market for various cities:
| City |
Median Sale Price |
Homes Sold |
Days on Market |
| New York, NY |
$825,000 |
2381 |
74 |
| Los Angeles, CA |
$736,000 |
78 |
43 |
| Philadelphia, PA |
$255,000 |
885 |
50 |
| San Antonio, TX |
$189,000 |
25 |
79 |
As we can see, there are significant differences in the median sale price and days on market between these cities. This can impact the demand for short-term rentals. For example, in New York, NY, the median sale price is much higher than in Los Angeles, CA, which can make it more challenging for investors to find affordable options.
We also noticed that Sturgis, SD had a median sale price of $369,375,000 with an average of 200 days on the market. In contrast, Indian Creek, FL had a median sale price of $79,000,000 with an average of 141 days on the market.
These cities are at opposite ends of the spectrum, with New York, NY being one of the most expensive cities and Indian Creek, FL being one of the least expensive. This can make it challenging for investors to find the right balance between affordability and demand.
Finally, we looked at the number of homes sold in each city. San Antonio, TX had the lowest number of homes sold at just 25, while Indian Creek, FL had the highest number of homes sold at just 1.
Understanding these trends and patterns can help investors make informed decisions when it comes to short-term rentals. By analyzing the data, we can see that seasonal airport traffic has a significant impact on demand. Whether you're looking to invest in Philadelphia, PA or Indian Creek, FL, it's essential to consider the local market and how it may be affected by seasonal fluctuations in airport traffic.
