Richmond Hill Airbnb Market Analysis 2025: Short Term Rental Data & Vacation Rental Statistics in Ontario, Canada
Is Airbnb profitable in Richmond Hill in 2025? Explore comprehensive Airbnb analytics for Richmond Hill, Ontario, Canada to uncover income potential. This 2025 STR market report for Richmond Hill, based on AirROI data from April 2024 to March 2025, reveals key trends in the market of 698 active listings.
Whether you're considering an Airbnb investment in Richmond Hill, optimizing your existing vacation rental, or exploring rental arbitrage opportunities, understanding the Richmond Hill Airbnb data is crucial. Leveraging the low regulation environment is key to maximizing your short term rental income potential. Let's dive into the specifics.
Key Richmond Hill Airbnb Performance Metrics Overview
Monthly Airbnb Revenue Variations & Income Potential in Richmond Hill (2025)
Understanding the monthly revenue variations for Airbnb listings in Richmond Hill 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 Hill is typically June, while February often presents the lowest earnings, highlighting opportunities for strategic pricing adjustments during shoulder and low seasons. Explore the typical Airbnb income in Richmond Hill across different performance tiers:
- Best-in-class properties (Top 10%) achieve $4,128+ monthly, often utilizing dynamic pricing and superior guest experiences.
- Strong performing properties (Top 25%) earn $2,487 or more, indicating effective management and desirable locations/amenities.
- Typical properties (Median) generate around $1,373 per month, representing the average market performance.
- Entry-level properties (Bottom 25%) see earnings around $661, often with potential for optimization.
Average Monthly Airbnb Earnings Trend in Richmond Hill
Richmond Hill Airbnb Occupancy Rate Trends (2025)
Maximize your bookings by understanding the Richmond Hill STR occupancy trends. Seasonal demand shifts significantly influence how often properties are booked. Typically, Augustsees the highest demand (peak season occupancy), while January 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 Hill:
- Best-in-class properties (Top 10%) achieve 86%+ occupancy, indicating high desirability and potentially optimized availability.
- Strong performing properties (Top 25%) maintain 69% or higher occupancy, suggesting good market fit and guest satisfaction.
- Typical properties (Median) have an occupancy rate around 45%.
- Entry-level properties (Bottom 25%) average 20% occupancy, potentially facing higher vacancy.
Average Monthly Occupancy Rate Trend in Richmond Hill
Average Daily Rate (ADR) Airbnb Trends in Richmond Hill (2025)
Effective short term rental pricing strategy in Richmond Hill involves understanding monthly ADR fluctuations. The Average Daily Rate (ADR) for Airbnb in Richmond Hill typically peaks in July and dips lowest during February. 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 $226+ per night, often due to premium features or locations.
- Strong performing properties (Top 25%) achieve nightly rates of $135 or more.
- Typical properties (Median) charge around $80 per night.
- Entry-level properties (Bottom 25%) earn around $53 per night.
Average Daily Rate (ADR) Trend by Month in Richmond Hill
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Airbnb Seasonality Analysis & Trends in Richmond Hill (2025)
Peak Season (June, May, August)
- Revenue averages $2,498 per month
- Occupancy rates average 50.6%
- Daily rates average $117
Shoulder Season
- Revenue averages $1,877 per month
- Occupancy maintains around 47.2%
- Daily rates hold near $114
Low Season (January, February, March)
- Revenue drops to average $1,242 per month
- Occupancy decreases to average 38.1%
- Daily rates adjust to average $103
Seasonality Insights for Richmond Hill
- The Airbnb seasonality in Richmond Hill 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 Hill's highest earning potential, with monthly revenues capable of climbing to $2,585, occupancy reaching a high of 56.8%, and ADRs peaking at $119.
- 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 $1,208, occupancy could drop to 36.0%, and ADRs may adjust down to $102.
- 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 Hill.
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 Hill seasonality benchmarks and adjust your pricing and availability strategy accordingly.
Best Areas for Airbnb Investment in Richmond Hill (2025)
Exploring the top neighborhoods for short-term rentals in Richmond Hill? 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 |
|---|---|---|
| Richmond Hill Village | Richmond Hill Village offers a charming small-town feel while being close to major urban amenities. It's ideal for families and business travelers looking for a quiet yet convenient stay. | Richmond Hill Centre for the Performing Arts, David Dunlap Observatory, Hillcrest Mall, Richmond Green Sports Centre and Park, Lake Wilcox Park |
| Langstaff | A growing neighborhood known for its proximity to major highways and business centers, making it popular among professionals. Its mix of residential and commercial spaces makes it an appealing option for short-term rentals. | Langstaff Go Station, Viva Transit, Richmond Hill Golf Club, Nearby shopping areas, Civic Centre |
| Oak Ridges | A picturesque area known for its natural beauty and outdoor activities, appealing to nature lovers and those seeking a tranquil retreat away from the hustle and bustle of the city. | Oak Ridges Moraine, Lake Wilcox, Rouge River, Walking trails and parks, Community centers |
| North Richvale | North Richvale is a family-friendly neighborhood offering a mix of green spaces and amenities. It’s attractive for families and travelers seeking a suburban experience close to urban conveniences. | Richvale Athletic Park, North Richvale Community Centre, Shopping plazas, Nearby schools, Parks and recreation |
| Jefferson | A rapidly developing area that features new homes and amenities. Jefferson is increasingly popular for both families and short-term rental investors due to its expanding community. | Jefferson Park, Nearby shopping and dining, Community events, Access to transportation, Parks |
| Westbrook | This residential area features large homes and is known for its family-oriented atmosphere. It appeals to those seeking a peaceful place to relax while still being able to access urban amenities. | Westbrook Park, School districts, Local markets, Close proximity to highways, Community facilities |
| Brampton Road | An emerging area with diverse demographics, which attracts a variety of visitors. It's becoming a hotspot for those looking for vibrant local culture close to amenities. | Local parks, Shops and restaurants, Cultural events, Community gatherings, Easy access to public transport |
| Mill Pond | A scenic area centered around a beautiful park and pond, Mill Pond offers a mix of leisure and nature, appealing to those looking for a serene getaway. | Mill Pond Park, Walking trails, Natural green spaces, Sports facilities, Community events |
Understanding Airbnb License Requirements & STR Laws in Richmond Hill (2025)
While Richmond Hill, Ontario, Canada currently shows low STR regulations, specific Airbnb license requirements might still exist or change. Always verify the latest short term rental regulations and Airbnb license requirements directly with local government authorities for Richmond Hill to ensure full compliance before hosting.
(Source: AirROI data, 2025, finding no licensed listings among those analyzed)
Top Performing Airbnb Properties in Richmond Hill (2025)
Benchmark your potential! Explore examples of top-performing Airbnb properties in Richmond Hillbased on Trailing Twelve Month (TTM) revenue. Analyze their characteristics, revenue, occupancy rate, and ADR to understand what drives success in this market.
Entire Place • 5 bedrooms
Single House Entire Home 5280Ft² Self Check-in/out
Entire Place • 6 bedrooms
Cheerful luxury 7 bedroom/7 washroom ravine house
Entire Place • 7 bedrooms
Awesome Lakefront House/5Bedrooms/Private Dock
Entire Place • 5 bedrooms
Modern Loft 4 Bedroom Villa/3Bath/HOT TUB-EV chg
Entire Place • 4 bedrooms
Charming Home in Prime Location with 2 Parking
Entire Place • 4 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 Hill (2025)
Learn from the best! This table showcases top-performing Airbnb hosts in Richmond Hill 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 |
|---|---|---|---|---|
| Nojan | 3 | $222,950 | 177 | 4.86/5.0 |
| Ibby | 21 | $210,742 | 135 | 1.81/5.0 |
| Maddie | 4 | $187,946 | 52 | 4.95/5.0 |
| Susan | 2 | $156,286 | 88 | 4.98/5.0 |
| Roy | 3 | $128,866 | 251 | 4.88/5.0 |
| Jay | 1 | $128,761 | 146 | 4.88/5.0 |
| Chloe | 1 | $112,313 | 37 | 4.89/5.0 |
| Amy | 3 | $108,933 | 72 | 4.71/5.0 |
| Ali | 2 | $98,663 | 115 | 4.84/5.0 |
| Homeira | 3 | $96,144 | 120 | 3.17/5.0 |
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 Hill.
Dive Deeper: Advanced Richmond Hill STR Market Data (2025)
Ready to unlock more insights? AirROI provides access to advanced metrics and comprehensive Airbnb data for Richmond Hill. Explore detailed analytics beyond this report to refine your investment strategy, optimize pricing, and maximize your vacation rental profits.
Explore Advanced MetricsRichmond Hill Short-Term Rental Market Composition (2025): Property & Room Types
Room Type Distribution
Property Type Distribution
Market Composition Insights for Richmond Hill
- The Richmond Hill Airbnb market composition is heavily skewed towards Entire Home/Apt listings, which make up 63.6% of the 698 active rentals. This indicates strong guest preference for privacy and space.
- However, a notable 36.1% share for Private Rooms suggests opportunities for budget-conscious travelers or hosts renting out spare rooms.
- Looking at the property type distribution in Richmond Hill, House properties are the most common (76.9%), reflecting the local real estate landscape.
- Houses represent a significant 76.9% 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 Hill Airbnb Room Capacity Analysis (2025): Bedroom Distribution
Distribution of Listings by Number of Bedrooms
Room Capacity Insights for Richmond Hill
- The dominant room capacity in Richmond Hill is 1 bedroom listings, making up 32.1% of the market. This suggests a strong demand for properties suitable for couples or solo travelers.
- Together, 1 bedroom and 2 bedrooms properties represent 51.0% of the active Airbnb listings in Richmond Hill, indicating a high concentration in these sizes.
- A significant 27.5% of listings offer 3+ bedrooms, catering to larger groups and families seeking more space in Richmond Hill.
Richmond Hill Vacation Rental Guest Capacity Trends (2025)
Distribution of Listings by Guest Capacity
Guest Capacity Insights for Richmond Hill
- The most common guest capacity trend in Richmond Hill vacation rentals is listings accommodating 2 guests (21.6%). This suggests the primary traveler segment is likely couples or solo travelers.
- Properties designed for 2 guests and 8+ guests dominate the Richmond Hill STR market, accounting for 36.2% of listings.
- 26.6% of properties accommodate 6+ guests, serving the market segment for larger families or group travel in Richmond Hill.
- On average, properties in Richmond Hill are equipped to host 3.4 guests.
Richmond Hill Airbnb Booking Patterns (2025): Available vs. Booked Days
Available Days Distribution
Booked Days Distribution
Booking Pattern Insights for Richmond Hill
- The most common availability pattern in Richmond Hill falls within the 271-366 days range, representing 41% of listings. This suggests many properties have significant open periods on their calendars.
- Approximately 73.1% 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 Hill (31.9%), reflecting common guest stay durations or potential owner blocking patterns.
- A notable 28.5% of properties secure long booking periods (181+ days booked per year), highlighting successful long-term rental strategies or significant owner usage.
Richmond Hill Airbnb Minimum Stay Requirements Analysis
Distribution of Listings by Minimum Night Requirement
1 Night
218 listings
37.5% of total
2 Nights
121 listings
20.8% of total
3 Nights
63 listings
10.8% of total
4-6 Nights
61 listings
10.5% of total
7-29 Nights
57 listings
9.8% of total
30+ Nights
62 listings
10.7% of total
Key Insights
- The most prevalent minimum stay requirement in Richmond Hill is 1 Night, adopted by 37.5% of listings. This highlights the market's preference for shorter, flexible bookings.
- A significant segment (10.7%) caters to monthly stays (30+ nights) in Richmond Hill, pointing to opportunities in the extended-stay market.
Recommendations
- Align with the market by considering a 1 Night minimum stay, as 37.5% of Richmond Hill hosts use this setting.
- Explore offering discounts for stays of 30+ nights to attract the 10.7% 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 Hill.
Richmond Hill Airbnb Cancellation Policy Trends Analysis (2025)
Flexible
90 listings
17.3% of total
Moderate
163 listings
31.3% of total
Firm
135 listings
25.9% of total
Strict
133 listings
25.5% of total
Cancellation Policy Insights for Richmond Hill
- The prevailing Airbnb cancellation policy trend in Richmond Hill is Moderate, used by 31.3% of listings.
- A majority (51.4%) of hosts in Richmond Hill utilize Firm or Strict policies, indicating a market where hosts prioritize booking security.
Recommendations for Hosts
- Consider adopting a Moderate policy to align with the 31.3% market standard in Richmond Hill.
- Regularly review your cancellation policy against competitors and market demand shifts in Richmond Hill.
Richmond Hill STR Booking Lead Time Analysis (2025)
Average Booking Lead Time by Month
Booking Lead Time Insights for Richmond Hill
- The overall average booking lead time for vacation rentals in Richmond Hill is 28 days.
- Guests book furthest in advance for stays during July (average 49 days), likely coinciding with peak travel demand or local events.
- The shortest booking windows occur for stays in February (average 18 days), indicating more last-minute travel plans during this time.
- Seasonally, Summer (40 days avg.) sees the longest lead times, while Winter (21 days avg.) has the shortest, reflecting typical travel planning cycles.
Recommendations for Hosts
- Use the overall average lead time (28 days) as a baseline for your pricing and availability strategy in Richmond Hill.
- For July stays, consider implementing length-of-stay discounts or slightly higher rates for bookings made less than 49 days out to capitalize on advance planning.
- Target marketing efforts for the Summer season well in advance (at least 40 days) to capture early planners.
- Monitor your own booking lead times against these Richmond Hill averages to identify opportunities for dynamic pricing adjustments.
Popular & Essential Airbnb Amenities in Richmond Hill (2025)
Amenity Prevalence
Amenity Insights for Richmond Hill
- Essential amenities in Richmond Hill that guests expect include: Wifi, Air conditioning, Smoke alarm, Heating, Hot water. Lacking these (any) could significantly impact bookings.
- Popular amenities like Carbon monoxide alarm, Kitchen, 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 Hill: Wifi, Air conditioning, Smoke alarm, Heating, Hot water.
- Prioritize adding missing essentials: Wifi, Air conditioning, Smoke alarm, Heating, Hot water.
- Consider adding popular differentiators like Carbon monoxide alarm or Kitchen 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 Hill to stay competitive.
Richmond Hill Airbnb Guest Demographics & Profile Analysis (2025)
Guest Profile Summary for Richmond Hill
- The typical guest profile for Airbnb in Richmond Hill consists of a mix of domestic (61%) and international guests, often arriving from nearby Toronto, typically belonging to the Post-2000s (Gen Z/Alpha) group (50%), primarily speaking English or French.
- Domestic travelers account for 60.6% of guests.
- Key international markets include Canada (60.6%) and United States (25.1%).
- Top languages spoken are English (53.1%) followed by French (10.9%).
- A significant demographic segment is the Post-2000s (Gen Z/Alpha) group, representing 50% of guests.
Recommendations for Hosts
- Target domestic marketing efforts towards travelers from Toronto and Ottawa.
- 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 Hill 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 |
|---|---|---|---|---|
| Town of Mansfield | 58 | $4,670 | $517.93 | 32% |
| Town of West Seneca | 15 | $4,337 | $246.11 | 52% |
| Town of Porter | 25 | $4,243 | $300.26 | 55% |
| Town of Ellicottville | 201 | $3,840 | $380.95 | 36% |
| North East Township | 34 | $3,530 | $264.33 | 48% |
| Town of Elma | 10 | $3,377 | $418.28 | 48% |
| Niagara-on-the-Lake | 413 | $3,358 | $265.20 | 44% |
| Town of Orchard Park | 38 | $3,302 | $252.95 | 46% |
| Tonawanda Town | 21 | $3,213 | $206.17 | 53% |
| Town of Wilson | 27 | $3,195 | $257.32 | 48% |