Airbnb Market Analytics, Statistics and Data in Richmond Hill, Ontario, Canada
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Richmond Hill? AirROI have just the data insights! Over the last twelve months from February 2024 to January 2025, we've uncovered key trends and opportunities that successful hosts are leveraging in Richmond Hill:
How much do Airbnb hosts make on average per month in Richmond Hill?
The short-term rental market in Richmond Hill shows distinct revenue patterns across different property tiers. Our analysis reveals that successful properties combine strategic pricing with quality management to maximize earnings potential. Market data demonstrates clear revenue differentiation among properties:
- Typical properties (median) earn $1,474 per month
- Strong performing properties (top 25%) make $2,639 or more
- Best-in-class properties (top 10%) achieve $4,655+ monthly
- Entry-level properties (bottom 25%) typically earn around $751
Revenue Variations by Month
Occupancy Rates Throughout the Year in Richmond Hill
The market in Richmond Hill shows distinct occupancy patterns influenced by seasonal trends and local dynamics. Properties that maintain high guest satisfaction scores and implement strategic pricing consistently achieve stronger occupancy rates. Current market data shows:
- Typical properties (median) maintain 46% occupancy rates
- Strong performing properties (top 25%) achieve 70% or higher
- Best-in-class properties (top 10%) reach 86%+occupancy
- Entry-level properties (bottom 25%) average around 20%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Richmond Hill
Daily rates in Richmond Hill vary based on seasonality, property quality, and market dynamics. Properties that effectively balance competitive pricing with strong amenities typically command higher rates. Market analysis shows the following rate structure:
- Typical properties (median) generate $79 per night
- Strong performing properties (top 25%) secure $135 or more
- Best-in-class properties (top 10%) pull in $230+ per night
- Entry-level properties (bottom 25%) earn around $53
Daily Rate Variations by Month
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Seasonality patterns in Richmond Hill
Peak Season (June, May, August)
- Revenue peaks at $2723.32 per month
- Occupancy rates reach 56.88%
- Daily rates average $121.21
Shoulder Season
- Revenue averages $2070.06 per month
- Occupancy maintains 46.17%
- Daily rates hold at $112.71
Low Season (September, December, January)
- Revenue drops to $1083.64 per month
- Occupancy decreases to 33.32%
- Daily rates adjust to $104.67
Is it still profitable to do Airbnb in Richmond Hill in 2025?
Yes! Richmond Hill demonstrates highly seasonal trends requiring strategic adaptation, featuring a healthy occupancy rate of 46% and solid monthly revenue averaging $2070 and As a mature market with 701 active listings, there's strong demand despite the competition. There's also room for profit through rental arbitrage strategies, if you can identify competitively priced properties. To maximize your return on investment, consider employing the following strategies:
Peak Season Strategy
- Implement premium seasonal pricing strategies
- Set longer minimum stay requirements during high-demand periods
- Enforce stricter cancellation policies
Shoulder Season Strategy
- Maintain competitive market-based pricing
- Offer moderate-length stay incentives
- Target a mix of leisure and business travelers with flexible booking terms
- Focus on weekend getaway packages and mid-week business traveler promotions
Low Season Strategy
- Adjust pricing to remain competitive in the market
- Target different guest segments (business travelers, long-term stays, holiday visitors, event attendees, remote workers)
- Create targeted promotional campaigns to drive occupancy
Top Places to Start Airbnb in Richmond Hill
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Downtown Richmond Hill | A bustling area known for its modern amenities, including shopping, dining, and cultural attractions. It's a popular choice for both short-term and long-term stays. | Richmond Hill Centre for the Performing Arts, Richmond Hill Public Library, Local restaurants and cafes, Parks and recreational facilities |
| Richvale | A family-friendly community with access to parks and schools. It attracts families looking for spacious accommodations and a quieter environment. | Richvale Athletic Park, Richmond Hill Golf Club, Nearby schools and playgrounds |
| Oak Ridges | Scenic area known for its natural beauty and proximity to Lake Wilcox. It appeals to nature lovers and those seeking outdoor activities. | Lake Wilcox, Oak Ridges Trail, Parks and green spaces, Nature reserves |
| Jefferson | A suburban neighborhood known for its community spirit and accessibility to main roads. It's ideal for visitors looking for a home-away-from-home atmosphere. | Nearby shopping centers, Community parks, Local events and festivals |
| Mill Pond | Historic area with charming streets and a beautiful pond. It offers a quaint, picturesque environment for visitors seeking relaxation. | Mill Pond Park, Historic buildings, Walking trails, Seasonal events |
| Crosby | A diverse and vibrant community that offers a mix of residential and commercial spaces. It attracts a varied crowd, from families to young professionals. | Crosby Park, Local dining spots, Shopping facilities |
| Langstaff | A growing area with excellent transportation links, making it ideal for commuters and business travelers. It's often sought by those looking for convenient access to Toronto. | Langstaff Community Centre, Shopping districts, Transit access |
| Bayview Hill | An upscale neighborhood known for its luxury homes and parks. It appeals to travelers looking for a tranquil and affluent atmosphere. | Bayview Hill Park, Local upscale dining, Recreational facilities |
Do you need a license for Airbnb in Richmond Hill?
We recommend checking directly with Richmond Hill's local government regarding short-term rental licensing requirements. Current market data shows limited licensing information (0% of listings), making it essential to verify current regulations before starting your Airbnb business.
Top Performing Airbnb Properties in Richmond Hill
Single House Entire Home 5280Ft² Self Check-in/out
Entire Place • 6 bedrooms
Entire Place • 5 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
Cheerful luxury 7 bedroom/7 washroom ravine house
Entire Place • 7 bedrooms
Charming Home in Prime Location with 2 Parking
Entire Place • 4 bedrooms
Top Performing Professional Hosts in Richmond Hill
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Nojan | 3 | $256,127 | 177 | 4.86/5.0 |
| Ibby | 21 | $207,852 | 135 | 1.81/5.0 |
| Maddie | 4 | $199,585 | 52 | 4.95/5.0 |
| Susan | 2 | $164,544 | 88 | 4.98/5.0 |
| Chloe | 1 | $142,065 | 37 | 4.89/5.0 |
| Roy | 3 | $127,734 | 251 | 4.88/5.0 |
| Jay | 1 | $123,418 | 146 | 4.88/5.0 |
| Homeira | 3 | $114,770 | 120 | 3.17/5.0 |
| Hufeng | 1 | $107,748 | 34 | 4.82/5.0 |
| Jenny | 16 | $107,282 | 66 | 3.11/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Richmond Hill
AirROI also have other key metrics and comprehensive data for your vacation rental, real estate needs. Go explore the advanced metrics that can help you make informed decisions:
Room Type Distribution
Property Type Distribution
Key Insights
- Market dominated by entire home listings (62.9%), with house and apartment & condo properties comprising 89.3% of inventory
- Untapped potential in boutique & hotels, outdoor & mobile segments (4.2% combined)
Room Capacity Distribution
Analysis of 701 properties in Richmond Hill shows that 1 bedroom properties are most prevalent, making up 32.1% of the market. The market tends to favor smaller properties, with 1 bedroom and 2 bedrooms together representing 51.6% of all listings.
Key Insights
- Most common: 1 bedroom (32.1%)
- Least common: 5+ bedrooms (3.6%)
- Market concentration: 51.6% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 701 properties in Richmond Hill reveals that 2 guests properties dominate the market, representing 21.5% of all listings. The average property accommodates 3.5 guests, with a clear trend towards larger guest capacities. Properties accommodating 2 guests and 8+ guests make up 36.7% of the market.
Key Insights
- Most common capacity: 2 guests (21.5% of market)
- Least common capacity: 7 guests (2% of market)
- Average guest capacity: 3.5 guests per property
- Market concentration: 36.7% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 701 properties in Richmond Hill, the most common availability pattern is 271-366 days (42.7% of properties). For actual bookings, properties most frequently secure bookings for 91-180 days (27.8% of properties).
Key Insights
- Most common availability window: 271-366 days (42.7%)
- Most common booking duration: 91-180 days (27.8%)
- Properties with high availability (180+ days): 69.2%
- Properties with long-term bookings (180+ days): 31.4%
Minimum Stay Distributions
1 Night
212 listings
37.9% of total
2 Nights
140 listings
25% of total
3 Nights
64 listings
11.4% of total
4-6 Nights
56 listings
10% of total
7-29 Nights
53 listings
9.5% of total
30+ Nights
34 listings
6.1% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 62.9%
- Mid-length stays (4-6 nights) represent 10% of listings
- Monthly+ stays (6.1%) suggest a stable extended-stay market
- High market flexibility with 74.3% accepting 3 nights or less
Recommendations
- Set minimum stays between 2-3 nights to align with market standards
- Adjust minimum stays seasonally based on demand patterns
- Consider monthly stay discounts to capture the growing extended-stay market
- Implement different minimum stays for weekends vs. weekdays
Cancellation Policy Distribution
Flexible
91 listings
17.7% of total
Moderate
161 listings
31.3% of total
Firm
130 listings
25.2% of total
Strict
133 listings
25.8% of total
Key Insights
- Moderate is the preferred policy at 31.3% of listings
- The market shows a balanced distribution between guest-friendly (49.0%) and strict (51.0%) policies
- Flexible policies are least common at 17.7% of listings
Recommendations
- Market supports various policies - choose based on your property type and target guests
- Diverse policy distribution indicates an opportunity to differentiate through policy choice
Booking Lead Time Trends
Key Insights
- Peak booking lead times occur in Jul, Nov, Jun, averaging 43 days
- Shortest booking windows are in Sep, Dec, Jan, averaging 24 days
- Summer shows the longest average booking window at 40 days, while Winter has the shortest at 25 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 40 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Sep-Jan when lead times are shortest
Popular Airbnb Amenities in Richmond Hill
Below is the distribution of amenities across listings in Richmond Hill:
Traveler Demographics
Key Insights
- Domestic travelers make up 60.5% of total guests, indicating a significant local market share.
- Primary international markets: United States (27.7%) and China (2.2%)
- English is the top language at 66.9%, followed by French (13.3%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 5.8%
Recommendations
- Target marketing campaigns for Toronto and Ottawa markets
- Develop localized content for United States and China
- Prioritize English and French language support
- Tailor experiences for Pre-1950s (Silent Gen) while maintaining broad age appeal
- Implement seasonal promotions aligned with key market travel patterns
Nearby Markets
Explore short-term rental performance in markets surrounding Richmond Hill. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Town of Mansfield | 63 | $4,651 | $523.54 | 32% |
| Town of West Seneca | 15 | $4,577 | $259.87 | 51% |
| Town of Porter | 24 | $4,435 | $295.70 | 56% |
| North East Township | 33 | $3,856 | $266.39 | 49% |
| Town of Orchard Park | 34 | $3,785 | $265.39 | 48% |
| Town of Elma | 10 | $3,759 | $428.41 | 49% |
| Town of Ellicottville | 210 | $3,635 | $375.94 | 35% |
| Niagara-on-the-Lake | 423 | $3,536 | $270.29 | 44% |
| Whitchurch-Stouffville | 41 | $3,530 | $261.10 | 40% |
| Town of Wilson | 28 | $3,415 | $254.39 | 49% |
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