Richmond Airbnb Market Analysis 2025: Short Term Rental Data & Vacation Rental Statistics in British Columbia, Canada
Is Airbnb profitable in Richmond in 2025? Explore comprehensive Airbnb analytics for Richmond, British Columbia, Canada to uncover income potential. This 2025 STR market report for Richmond, based on AirROI data from April 2024 to March 2025, reveals key trends in the market of 725 active listings.
Whether you're considering an Airbnb investment in Richmond, optimizing your existing vacation rental, or exploring rental arbitrage opportunities, understanding the Richmond Airbnb data is crucial. Navigating the high regulation landscape is key to maximizing your short term rental income potential. Let's dive into the specifics.
Key Richmond Airbnb Performance Metrics Overview
Monthly Airbnb Revenue Variations & Income Potential in Richmond (2025)
Understanding the monthly revenue variations for Airbnb listings in Richmond is key to maximizing your short term rental income potential. Seasonality significantly impacts earnings. Our analysis, based on data from the past 12 months, shows that the peak revenue month for STRs in Richmond is typically June, while March often presents the lowest earnings, highlighting opportunities for strategic pricing adjustments during shoulder and low seasons. Explore the typical Airbnb income in Richmond across different performance tiers:
- Best-in-class properties (Top 10%) achieve $3,773+ monthly, often utilizing dynamic pricing and superior guest experiences.
- Strong performing properties (Top 25%) earn $2,353 or more, indicating effective management and desirable locations/amenities.
- Typical properties (Median) generate around $1,349 per month, representing the average market performance.
- Entry-level properties (Bottom 25%) see earnings around $645, often with potential for optimization.
Average Monthly Airbnb Earnings Trend in Richmond
Richmond Airbnb Occupancy Rate Trends (2025)
Maximize your bookings by understanding the Richmond STR occupancy trends. Seasonal demand shifts significantly influence how often properties are booked. Typically, Augustsees the highest demand (peak season occupancy), while March experiences the lowest (low season). Effective strategies, like adjusting minimum stays or offering promotions, can boost occupancy during slower periods. Here's how different property tiers perform in Richmond:
- Best-in-class properties (Top 10%) achieve 86%+ occupancy, indicating high desirability and potentially optimized availability.
- Strong performing properties (Top 25%) maintain 71% or higher occupancy, suggesting good market fit and guest satisfaction.
- Typical properties (Median) have an occupancy rate around 42%.
- Entry-level properties (Bottom 25%) average 17% occupancy, potentially facing higher vacancy.
Average Monthly Occupancy Rate Trend in Richmond
Average Daily Rate (ADR) Airbnb Trends in Richmond (2025)
Effective short term rental pricing strategy in Richmond involves understanding monthly ADR fluctuations. The Average Daily Rate (ADR) for Airbnb in Richmond typically peaks in July and dips lowest during March. Leveraging Airbnb dynamic pricing tools or strategies based on this seasonality can significantly boost revenue. Here's a look at the typical nightly rates achieved:
- Best-in-class properties (Top 10%) command rates of $220+ per night, often due to premium features or locations.
- Strong performing properties (Top 25%) achieve nightly rates of $159 or more.
- Typical properties (Median) charge around $107 per night.
- Entry-level properties (Bottom 25%) earn around $65 per night.
Average Daily Rate (ADR) Trend by Month in Richmond
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Airbnb Seasonality Analysis & Trends in Richmond (2025)
Peak Season (June, July, May)
- Revenue averages $2,335 per month
- Occupancy rates average 47.9%
- Daily rates average $132
Shoulder Season
- Revenue averages $1,784 per month
- Occupancy maintains around 46.4%
- Daily rates hold near $127
Low Season (January, February, March)
- Revenue drops to average $1,165 per month
- Occupancy decreases to average 38.5%
- Daily rates adjust to average $113
Seasonality Insights for Richmond
- The Airbnb seasonality in Richmond shows highly seasonal trends requiring careful strategy. While the sections above show seasonal averages, it's also insightful to look at the extremes:
- During the high season, the absolute peak month showcases Richmond's highest earning potential, with monthly revenues capable of climbing to $2,444, occupancy reaching a high of 54.5%, and ADRs peaking at $134.
- Conversely, the slowest single month of the year, typically falling within the low season, marks the market's lowest point. In this month, revenue might dip to $1,104, occupancy could drop to 36.5%, and ADRs may adjust down to $112.
- Understanding both the seasonal averages and these monthly peaks and troughs in revenue, occupancy, and ADR is crucial for maximizing your Airbnb profit potential in Richmond.
Seasonal Strategies for Maximizing Profit
- Peak Season: Maximize revenue through premium pricing and potentially longer minimum stays. Ensure high availability.
- Low Season: Offer competitive pricing, special promotions (e.g., extended stay discounts), and flexible cancellation policies. Target off-season travelers like remote workers or budget-conscious guests.
- Shoulder Seasons: Implement dynamic pricing that balances peak and low rates. Target weekend travelers or specific events. Offer slightly more flexible terms than peak season.
- Regularly analyze your own performance against these Richmond seasonality benchmarks and adjust your pricing and availability strategy accordingly.
Best Areas for Airbnb Investment in Richmond (2025)
Exploring the top neighborhoods for short-term rentals in Richmond? This section highlights key areas, outlining why they are attractive for hosts and guests, along with notable local attractions. Consider these locations based on your target guest profile and investment strategy.
| Neighborhood / Area | Why Host Here? (Target Guests & Appeal) | Key Attractions & Landmarks |
|---|---|---|
| Steveston Village | Historic fishing village with charming waterfront views, offering a unique blend of seafood restaurants, picturesque shops, and cultural experiences. Great for tourists seeking local charm and activities. | Steveston Fisherman's Wharf, Gulf of Georgia Cannery National Historic Site, Steveston Heritage Fishing Village, Fisherman's Wharf, Steveston Memorial Park |
| Richmond International Airport Area | Convenient access to the airport makes this area ideal for travelers. Many hotels and amenities cater to incoming and departing passengers. | Richmond Night Market, McArthurGlen Designer Outlet, Air Terminal Railway Station, Aberdeen Centre, Shangri-La Hotel |
| Lansdowne Centre Area | A vibrant shopping hub that attracts both locals and tourists. Offers a wide variety of dining, shopping, and entertainment options. | Lansdowne Centre, Richmond Olympic Oval, Richmond Nature Park, Tinseltown, Local parks and recreational facilities |
| Brighouse | The downtown core of Richmond with excellent public transport links, making it easy for guests to explore the city and connect to Vancouver. | Richmond Centre, Richmond Public Market, Minoru Park, Richmond City Hall, Local cafés and restaurants |
| West Richmond | A quieter residential area known for its parks and family-friendly atmosphere, appealing to visitors looking for a more relaxed stay. | West Richmond Community Centre, Terra Nova Rural Park, White Rock Beach, Local playgrounds, Steveston Park |
| East Richmond | Offers a mix of farmland and suburban residential, ideal for guests looking for a peaceful retreat while staying close to city amenities. | Richmond Country Farms, Britannia Shipyards National Historic Site, Local farms and markets, Greenway walking paths, Fishing areas |
| Garden City | A well-established neighborhood with convenient access to shopping and dining, popular among visitors looking for a local experience. | Garden City Shopping Centre, Richmond Public Library, Garden City Park, Local eateries, Public transit access |
| Seafair | A residential area with access to the waterfront and parks, giving visitors a chance to enjoy the natural beauty of Richmond. | Seafair Shopping Centre, Dinsmore Bridge Park, Garbage Sweets, Seafair Park, Fishing locations |
Understanding Airbnb License Requirements & STR Laws in Richmond (2025)
Yes, Richmond, British Columbia, Canada enforces high STR regulations. Obtaining a license and ensuring compliance is almost certainly required according to current 2025 STR laws. Always verify the latest short term rental regulations and Airbnb license requirements directly with local government authorities for Richmond to ensure full compliance before hosting.
(Source: AirROI data, 2025, based on 34% licensed listings)
Top Performing Airbnb Properties in Richmond (2025)
Benchmark your potential! Explore examples of top-performing Airbnb properties in Richmondbased on Trailing Twelve Month (TTM) revenue. Analyze their characteristics, revenue, occupancy rate, and ADR to understand what drives success in this market.
Spacious & clean vacation home near airport
Entire Place • 3 bedrooms
@ Pacific Sweet 2BD/2BA New In Richmond Heart
Entire Place • 2 bedrooms
Pacific Sweet New Place 2B2B In Central Richmond
Entire Place • 2 bedrooms
Gorgeous New Place2BD/2BA In Downtown Richmond
Entire Place • 2 bedrooms
Entire House in Terra Nova near YVR
Entire Place • 4 bedrooms
Richmond Luxury 3 Private Suites in Good location
Entire Place • 3 bedrooms
Note: Performance varies based on location, size, amenities, seasonality, and management quality. Data reflects the past 12 months.
Top Performing Airbnb Hosts in Richmond (2025)
Learn from the best! This table showcases top-performing Airbnb hosts in Richmond based on the number of properties managed and estimated total revenue over the past year. Analyze their scale and performance metrics.
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Home | 37 | $1,197,614 | 1030 | 4.64/5.0 |
| W-Coco | 8 | $506,327 | 200 | 4.97/5.0 |
| Jj | 8 | $288,327 | 206 | 4.46/5.0 |
| Amy | 19 | $172,708 | 225 | 4.34/5.0 |
| Εlvis | 11 | $154,919 | 66 | 3.97/5.0 |
| Jun | 7 | $134,349 | 534 | 4.97/5.0 |
| YVR Gal | 3 | $133,461 | 166 | 4.88/5.0 |
| Ada | 15 | $124,355 | 162 | 3.15/5.0 |
| Coco | 15 | $118,602 | 192 | 3.36/5.0 |
| Cindy | 4 | $118,020 | 87 | 4.54/5.0 |
Analyzing the strategies of top hosts, such as their property selection, pricing, and guest communication, can offer valuable lessons for optimizing your own Airbnb operations in Richmond.
Dive Deeper: Advanced Richmond STR Market Data (2025)
Ready to unlock more insights? AirROI provides access to advanced metrics and comprehensive Airbnb data for Richmond. Explore detailed analytics beyond this report to refine your investment strategy, optimize pricing, and maximize your vacation rental profits.
Explore Advanced MetricsRichmond Short-Term Rental Market Composition (2025): Property & Room Types
Room Type Distribution
Property Type Distribution
Market Composition Insights for Richmond
- The Richmond Airbnb market composition is heavily skewed towards Entire Home/Apt listings, which make up 57.2% of the 725 active rentals. This indicates strong guest preference for privacy and space.
- However, a notable 42.8% share for Private Rooms suggests opportunities for budget-conscious travelers or hosts renting out spare rooms.
- Looking at the property type distribution in Richmond, House properties are the most common (45%), reflecting the local real estate landscape.
- Houses represent a significant 45% portion, catering likely to families or larger groups.
- Smaller segments like hotel/boutique, outdoor/unique (combined 4.2%) offer potential for unique stay experiences.
Richmond Airbnb Room Capacity Analysis (2025): Bedroom Distribution
Distribution of Listings by Number of Bedrooms
Room Capacity Insights for Richmond
- The dominant room capacity in Richmond is 1 bedroom listings, making up 41.8% of the market. This suggests a strong demand for properties suitable for couples or solo travelers.
- Together, 1 bedroom and 2 bedrooms properties represent 66.4% of the active Airbnb listings in Richmond, indicating a high concentration in these sizes.
- Listings with 3+ bedrooms (6.7%) represent a smaller niche, potentially indicating an underserved market for larger group accommodations in Richmond.
Richmond Vacation Rental Guest Capacity Trends (2025)
Distribution of Listings by Guest Capacity
Guest Capacity Insights for Richmond
- The most common guest capacity trend in Richmond vacation rentals is listings accommodating 2 guests (35.9%). This suggests the primary traveler segment is likely couples or solo travelers.
- Properties designed for 2 guests and 4 guests dominate the Richmond STR market, accounting for 56.2% of listings.
- On average, properties in Richmond are equipped to host 2.2 guests.
Richmond Airbnb Booking Patterns (2025): Available vs. Booked Days
Available Days Distribution
Booked Days Distribution
Booking Pattern Insights for Richmond
- The most common availability pattern in Richmond falls within the 271-366 days range, representing 46.2% of listings. This suggests many properties have significant open periods on their calendars.
- Approximately 71.9% of listings show high availability (181+ days open annually), indicating potential for increased bookings or specific owner usage patterns.
- For booked days, the 91-180 days range is most frequent in Richmond (25.4%), reflecting common guest stay durations or potential owner blocking patterns.
- A notable 28.8% of properties secure long booking periods (181+ days booked per year), highlighting successful long-term rental strategies or significant owner usage.
Richmond Airbnb Minimum Stay Requirements Analysis
Distribution of Listings by Minimum Night Requirement
1 Night
239 listings
37.3% of total
2 Nights
106 listings
16.5% of total
3 Nights
48 listings
7.5% of total
4-6 Nights
40 listings
6.2% of total
7-29 Nights
48 listings
7.5% of total
30+ Nights
160 listings
25% of total
Key Insights
- The most prevalent minimum stay requirement in Richmond is 1 Night, adopted by 37.3% of listings. This highlights the market's preference for shorter, flexible bookings.
- A significant segment (25%) caters to monthly stays (30+ nights) in Richmond, pointing to opportunities in the extended-stay market.
Recommendations
- Align with the market by considering a 1 Night minimum stay, as 37.3% of Richmond hosts use this setting.
- Explore offering discounts for stays of 30+ nights to attract the 25% of the market seeking extended stays.
- Adjust minimum nights based on seasonality – potentially shorter during low season and longer during peak demand periods in Richmond.
Richmond Airbnb Cancellation Policy Trends Analysis (2025)
Flexible
72 listings
13% of total
Moderate
127 listings
22.9% of total
Firm
143 listings
25.8% of total
Strict
212 listings
38.3% of total
Cancellation Policy Insights for Richmond
- The prevailing Airbnb cancellation policy trend in Richmond is Strict, used by 38.3% of listings.
- A majority (64.1%) of hosts in Richmond utilize Firm or Strict policies, indicating a market where hosts prioritize booking security.
Recommendations for Hosts
- Consider adopting a Strict policy to align with the 38.3% market standard in Richmond.
- With 38.3% using Strict terms, this is a viable option in Richmond, particularly for high-value properties or during peak demand periods.
- Regularly review your cancellation policy against competitors and market demand shifts in Richmond.
Richmond STR Booking Lead Time Analysis (2025)
Average Booking Lead Time by Month
Booking Lead Time Insights for Richmond
- The overall average booking lead time for vacation rentals in Richmond is 46 days.
- Guests book furthest in advance for stays during December (average 63 days), likely coinciding with peak travel demand or local events.
- The shortest booking windows occur for stays in March (average 28 days), indicating more last-minute travel plans during this time.
- Seasonally, Summer (49 days avg.) sees the longest lead times, while Fall (34 days avg.) has the shortest, reflecting typical travel planning cycles.
Recommendations for Hosts
- Use the overall average lead time (46 days) as a baseline for your pricing and availability strategy in Richmond.
- For December stays, consider implementing length-of-stay discounts or slightly higher rates for bookings made less than 63 days out to capitalize on advance planning.
- Target marketing efforts for the Summer season well in advance (at least 49 days) to capture early planners.
- Monitor your own booking lead times against these Richmond averages to identify opportunities for dynamic pricing adjustments.
Popular & Essential Airbnb Amenities in Richmond (2025)
Amenity Prevalence
Amenity Insights for Richmond
- Essential amenities in Richmond that guests expect include: Wifi, Smoke alarm, Heating. Lacking these (any) could significantly impact bookings.
- Popular amenities like Hot water, Essentials, Washer are common but not universal. Offering these can provide a competitive edge.
Recommendations for Hosts
- Ensure your listing includes all essential amenities for Richmond: Wifi, Smoke alarm, Heating.
- Prioritize adding missing essentials: Wifi, Smoke alarm, Heating.
- Consider adding popular differentiators like Hot water or Essentials to increase appeal.
- Highlight unique or less common amenities you offer (e.g., hot tub, dedicated workspace, EV charger) in your listing description and photos.
- Regularly check competitor amenities in Richmond to stay competitive.
Richmond Airbnb Guest Demographics & Profile Analysis (2025)
Guest Profile Summary for Richmond
- The typical guest profile for Airbnb in Richmond consists of a mix of domestic (46%) and international guests, with top international origins including United States, typically belonging to the Post-2000s (Gen Z/Alpha) group (50%), primarily speaking English or Chinese.
- Domestic travelers account for 46.0% of guests.
- Key international markets include Canada (46%) and United States (31%).
- Top languages spoken are English (55%) followed by Chinese (16%).
- A significant demographic segment is the Post-2000s (Gen Z/Alpha) group, representing 50% of guests.
Recommendations for Hosts
- Balance marketing efforts between domestic and international channels based on the guest mix.
- Tailor amenities and listing descriptions to appeal to the dominant Post-2000s (Gen Z/Alpha) demographic (e.g., highlight fast WiFi, smart home features, local guides).
- Highlight unique local experiences or amenities relevant to the primary guest profile.
- Consider seasonal promotions aligned with peak travel times for key origin markets.
Nearby Short-Term Rental Market Comparison
How does the Richmond Airbnb market stack up against its neighbors? Compare key performance metrics like average monthly revenue, ADR, and occupancy rates in surrounding areas to understand the broader regional STR landscape.
| Market | Active Properties | Monthly Revenue | Daily Rate | Avg. Occupancy |
|---|---|---|---|---|
| Lake Goodwin | 11 | $4,949 | $371.43 | 44% |
| Cape George Colony Club | 10 | $4,770 | $257.49 | 59% |
| Sudden Valley | 65 | $4,390 | $286.32 | 53% |
| Orcas Island | 13 | $4,220 | $514.57 | 39% |
| Friday Harbor | 219 | $4,187 | $371.96 | 45% |
| Eastsound | 260 | $4,048 | $335.49 | 43% |
| Lopez Island | 40 | $4,002 | $343.46 | 41% |
| Oak Harbor | 128 | $3,944 | $279.04 | 49% |
| Warm Beach | 14 | $3,769 | $282.16 | 44% |
| Greenbank | 42 | $3,729 | $322.97 | 43% |