Average Airbnb Prices By City (USA): How Much You Should Charge For Your Airbnb? [2024]

Updated: April 11, 2024

One of the most critical choices to make as an Airbnb host is your average Airbnb price. It’s a delicate balance between increasing occupancy rate and maximizing profitability. When it comes to pricing your vacation rentals, it’s crucial to understand the market dynamics. Numerous factors come into play, such as the type of rental, the neighborhood it’s located in, and even the time of year. To give you an idea, in December, the average Airbnb prices of a one-bedroom listing on Airbnb was $114. And in the last quarter of 2023, active listings saw an impressive 18% growth compared to the same period in 2022.

International tourism levels surpass pre-COVID levels, which means demand is increasing. People are traveling more than ever, and it is time to rethink your pricing strategy in light of the changing vacation rental landscape. Opinions shared by friends and family on social media carry significant weight. It has become important to instill confidence in travelers that they’re making the most of their budget – which is the second biggest frustration.

Strategies to Manage Your Average Airbnb Prices

Your average Airbnb price should depend on Airbnb statistics based on city-data. As established above, your prices are the most critical aspect of your Airbnb strategy.  

A few things you should keep in mind when deciding on your average Airbnb prices are:

1. Researching your market and guests: Examine how your market performs and understand your guests’ booking patterns. 
2. Compare similar properties: Look at how similar properties have priced their property, what other amenities they have added, and how they attract their guests. This will help you craft a holistic pricing strategy. 
3. Factor in other fees: You should factor in fees such as service fees, cleaning fees, cancellation fees, extra person fees, taxes, and other local regulations.
4. Consider maintenance costs: You should consider cleaning and upkeep costs for your property. This includes cleaning supplies, labor costs, repairs, replacements, and insurance costs, even if Aircover is present.  
5. Consider Dynamic Pricing: Dynamic pricing helps you stay competitive in the market by automatically adjusting your average Airbnb prices according to supply and demand fluctuations. 

What Are The Average Airbnb Prices Per City In The USA?

We’ve utilized a powerful tool to bring you Airbnb statistics by city: PriceLabs’ Market Dashboard. This fully automated, personalized dashboard is designed to help you monitor average airbnb prices and airbnb occupancy rates by city. Its easy-to-digest graphs and insights make it an invaluable resource for understanding market trends and making informed pricing decisions. 

Average Airbnb Prices in Beach Destinations

Key West, FL

Oxnard, CA

Long Beach, WA

Orange Beach, AL

Average Airbnb Prices in Ski Resorts

Mountain Village, CO

Estes Park, CO

Stratton, VT

Tahoma, CA

Average Airbnb Prices in Lake Destinations

Saratoga Springs, NY

Mooresville, NC

Kingsland, TX

Garden City, UT

Average Airbnb Prices in Metropolitans

Boston, MA

Chicago, IL

Los Angeles, CA

Nashville, TN

Travel reward, tourism, and hospitality providers will be booked and busy throughout the year. This year, there will be a strengthened focus on social media, flexible itineraries, and work-related trips. It is important to apply extra focus to your pricing strategy. With the amount of travel coming your way, you should be able to automate your pricing.

PriceLabs is a revenue management solution for the short-term rental and hospitality industry, founded in 2014 and headquartered in Chicago, IL. Our platform helps individual hosts and hospitality professionals optimize their pricing and revenue management, adapting to changing market trends and occupancy levels.

With dynamic pricing, automation rules, and customizations, we manage pricing and minimum-stay restrictions for any portfolio size, with prices automatically uploaded to preferred channels such as Airbnb, Vrbo, and 100+ property management and channel integrations.

Every day, we price over 350,000+ listings globally across 135+ countries, offering world-class tools like the Base Price Help and Minimum Stay Recommendation Engine. Choose PriceLabs to increase revenue and streamline pricing and revenue management. Sign up for a free trial at pricelabs.co today.

Conclusion

Whether you’re a guest seeking a unique experience or a host looking to maximize your property’s potential, both Airbnb and Vrbo offer distinct advantages. Airbnb shines with its diverse range of accommodations and emphasis on local experiences, while Vrbo excels in providing traditional vacation rentals ideal for longer stays and family getaways. Ultimately, the choice between the two platforms depends on your specific needs and preferences as a traveler or property owner.