Airbnb Market Analytics, Statistics and Data in Garðabær, Capital Region, Iceland
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Garðabær? 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 Garðabær:
How much do Airbnb hosts make on average per month in Garðabær?
The short-term rental market in Garðabær 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 $4,120 per month
- Strong performing properties (top 25%) make $6,215 or more
- Best-in-class properties (top 10%) achieve $9,830+ monthly
- Entry-level properties (bottom 25%) typically earn around $1,861
Revenue Variations by Month
Occupancy Rates Throughout the Year in Garðabær
The market in Garðabær 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 37% occupancy rates
- Strong performing properties (top 25%) achieve 66% or higher
- Best-in-class properties (top 10%) reach 88%+occupancy
- Entry-level properties (bottom 25%) average around 18%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Garðabær
Daily rates in Garðabær 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 $247 per night
- Strong performing properties (top 25%) secure $363 or more
- Best-in-class properties (top 10%) pull in $616+ per night
- Entry-level properties (bottom 25%) earn around $172
Daily Rate Variations by Month
Get Live Garðabær Market Intelligence 👇
Explore Real-time Analytics
Seasonality patterns in Garðabær
Peak Season (August, July, May)
- Revenue peaks at $5849.64 per month
- Occupancy rates reach 55.05%
- Daily rates average $357.91
Shoulder Season
- Revenue averages $4931.51 per month
- Occupancy maintains 43.62%
- Daily rates hold at $340.61
Low Season (November, September, January)
- Revenue drops to $3826.14 per month
- Occupancy decreases to 34.58%
- Daily rates adjust to $325.03
Is it still profitable to do Airbnb in Garðabær in 2025?
Yes! Garðabær demonstrates moderate seasonality with good off-peak opportunities, featuring a growing occupancy rate of 44% and strong monthly revenue averaging $4932 and The market's 108 active listings indicate growing demand with plenty of opportunity for new properties. 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 Garðabær
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Kopavogur | A lively suburb adjacent to Reykjavik, Kopavogur offers a mix of urban living and access to nature, making it attractive for families and tourists alike. | Gledivollur Park, Kopavogur Swimming Pool, Viking World, The Old Town, Kopavogur Art Museum |
| Garðaströnd | This coastal area provides beautiful waterfront views and easy access to outdoor activities, perfect for vacationers seeking relaxation and recreation. | Garðaströnd Beach, Garðabær Beach, Hiking trails, Bird watching spots |
| Elliðaárdalur Valley | A serene valley that mixes nature with urban life, it appeals to nature lovers and those seeking a peaceful retreat in a lush setting. | Elliðaárdalur Park, Hiking and biking trails, Fishing spots |
| Perlan | An iconic landmark with panoramic views of Reykjavik, Perlan is popular for visitors wanting to see the city from above and enjoy its natural wonders. | Perlan Observation Deck, Whales of Iceland Exhibition, The Wonders of Iceland Exhibition |
| Reykjavik City Center | The heart of the capital, with a range of shops, restaurants, and cultural attractions, ideal for tourists looking to explore Icelandic city life. | Hallgrímskirkja Church, Harpa Concert Hall, Sun Voyager, Reykjavik Art Museum |
| Bessastadir | Home to Iceland's presidential residence, this area offers a glimpse into Iceland's political life alongside beautiful landscapes and peaceful surroundings. | Bessastadir Gardens, Lakes and hiking in the vicinity, National Museum of Iceland |
| Seltjarnarnes | A suburban area known for its stunning ocean views and proximity to the city, it attracts those looking for a quieter stay with quick access to Reykjavik. | Seltjarnarnes Beach, Promenade along the coast, Seltjarnarnes Park |
| Viðey Island | A small island near Reykjavik known for its hiking trails, historical sites, and the Imagine Peace Tower, attracting nature lovers and those interested in culture. | Imagine Peace Tower, Historic sites of Viðey, Hiking trails, Bird watching |
Do you need a license for Airbnb in Garðabær?
We recommend checking directly with Garðabær's local government regarding short-term rental licensing requirements. Current market data shows limited licensing information (22% of listings), making it essential to verify current regulations before starting your Airbnb business.
Top Performing Airbnb Properties in Garðabær
Enjoy quality and peaceful villa
Entire Place • 5 bedrooms
Luxurious 6 bedroom with hot tub
Entire Place • 6 bedrooms
A nice family home - pls no party goers
Entire Place • 4 bedrooms
Oceanfront & Aurora Dreamscape Luxury Villa
Entire Place • 4 bedrooms
Charming 4 bedroom House with a Jacuzzi
Entire Place • 4 bedrooms
B14 - Sea View Villa - Luxury Villa 14 pax ocean view & hot tub.
Entire Place • 4 bedrooms
Top Performing Professional Hosts in Garðabær
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Jón & Ásta | 1 | $158,775 | 16 | 5.00/5.0 |
| Maria | 1 | $140,371 | 17 | 5.00/5.0 |
| Styrmir | 1 | $137,735 | 7 | 5.00/5.0 |
| Sara | 2 | $124,885 | 122 | 4.84/5.0 |
| Jovana Mia | 1 | $100,029 | 4 | 5.00/5.0 |
| Inga | 1 | $98,354 | 7 | 5.00/5.0 |
| B14 | 2 | $97,337 | 28 | 4.65/5.0 |
| Hjálmar | 1 | $86,925 | 21 | 4.95/5.0 |
| Rakel | 1 | $79,863 | 17 | 5.00/5.0 |
| Pétur | 1 | $75,908 | 10 | 4.90/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Garðabær
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 (94.4%), with apartment & condo and house properties comprising 98.1% of inventory
- Untapped potential in others, boutique & hotels segments (1.8% combined)
Room Capacity Distribution
Analysis of 108 properties in Garðabær shows that 2 bedrooms properties are most prevalent, making up 25.9% of the market. The market tends to favor larger properties, with 2 bedrooms and 3 bedrooms together representing 50.9% of all listings.
Key Insights
- Most common: 2 bedrooms (25.9%)
- Least common: 5+ bedrooms (5.6%)
- Market concentration: 50.9% in top 2 sizes
- Market skew: Favors larger properties
Guest Capacity Distribution
Analysis of 108 properties in Garðabær reveals that 6 guests properties dominate the market, representing 25% of all listings. The average property accommodates 4.8 guests, with a clear trend towards larger guest capacities. Properties accommodating 6 guests and 4 guests make up 43.5% of the market.
Key Insights
- Most common capacity: 6 guests (25% of market)
- Least common capacity: 7 guests (3.7% of market)
- Average guest capacity: 4.8 guests per property
- Market concentration: 43.5% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 108 properties in Garðabær, the most common availability pattern is 271-366 days (51.9% of properties). For actual bookings, properties most frequently secure bookings for 31-90 days (32.4% of properties).
Key Insights
- Most common availability window: 271-366 days (51.9%)
- Most common booking duration: 31-90 days (32.4%)
- Properties with high availability (180+ days): 75.9%
- Properties with long-term bookings (180+ days): 25.0%
Minimum Stay Distributions
1 Night
6 listings
6.5% of total
2 Nights
22 listings
23.7% of total
3 Nights
34 listings
36.6% of total
4-6 Nights
25 listings
26.9% of total
7-29 Nights
3 listings
3.2% of total
30+ Nights
3 listings
3.2% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 30.2%
- Mid-length stays (4-6 nights) represent 26.9% of listings
- Monthly+ stays (3.2%) suggest a stable extended-stay market
- High market flexibility with 66.8% 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
- Implement different minimum stays for weekends vs. weekdays
Cancellation Policy Distribution
Flexible
23 listings
29.9% of total
Moderate
29 listings
37.7% of total
Firm
13 listings
16.9% of total
Strict
12 listings
15.6% of total
Key Insights
- Moderate is the preferred policy at 37.7% of listings
- Guest-friendly policies (Flexible & Moderate) dominate at 67.6% of the market
- Strict policies are least common at 15.6% of listings
Recommendations
- Consider starting with a Moderate policy to align with market preferences
- Strong market preference for Moderate policies suggests this should be your baseline
- Consider generous cancellation terms as a competitive advantage
Booking Lead Time Trends
Key Insights
- Peak booking lead times occur in Nov, Apr, May, averaging 92 days
- Shortest booking windows are in Feb, Oct, Aug, averaging 63 days
- Spring shows the longest average booking window at 87 days, while Summer has the shortest at 69 days
Recommendations
- Implement dynamic pricing strategies for Spring bookings at least 87 days in advance
- Consider early bird discounts during Summer to encourage longer lead times
- Focus on last-minute booking promotions during Feb-Aug when lead times are shortest
Popular Airbnb Amenities in Garðabær
Below is the distribution of amenities across listings in Garðabær:
Traveler Demographics
Key Insights
- Domestic travelers make up 1.3% of total guests, indicating a mostly international-driven market.
- Primary international markets: United Kingdom (13.1%) and Canada (9.7%)
- English is the top language at 69%, followed by French (9.1%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 6.3%
Recommendations
- Target marketing campaigns for New York and London markets
- Develop localized content for United Kingdom and Canada
- 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 Garðabær. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Kjósarhreppur | 18 | $8,936 | $532.26 | 62% |
| Reykholt | 44 | $5,203 | $319.56 | 56% |
| Ölfus | 17 | $4,936 | $257.63 | 60% |
| Grímsnes- og Grafningshreppur | 32 | $4,858 | $365.05 | 54% |
| Grímsnes | 13 | $4,482 | $394.67 | 64% |
| Hella | 111 | $4,478 | $307.89 | 51% |
| Bláskógabyggð | 31 | $4,406 | $307.09 | 52% |
| Sandgerði | 14 | $4,214 | $219.76 | 63% |
| Hveragerðisbær | 40 | $4,178 | $316.41 | 47% |
| Selfoss | 214 | $4,156 | $307.38 | 53% |
How is your STR performing?
Your vacation rental may be amazing, but is it better than your competition? Enjoy the best-in-class AI-powered analytics for free!
Discover Insights