Airbnb Market Analytics, Statistics and Data in Hafnarfjordur, 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 Hafnarfjordur? 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 Hafnarfjordur:
How much do Airbnb hosts make on average per month in Hafnarfjordur?
The short-term rental market in Hafnarfjordur 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 $3,050 per month
- Strong performing properties (top 25%) make $4,741 or more
- Best-in-class properties (top 10%) achieve $7,582+ monthly
- Entry-level properties (bottom 25%) typically earn around $1,443
Revenue Variations by Month
Occupancy Rates Throughout the Year in Hafnarfjordur
The market in Hafnarfjordur 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 48% occupancy rates
- Strong performing properties (top 25%) achieve 73% or higher
- Best-in-class properties (top 10%) reach 88%+occupancy
- Entry-level properties (bottom 25%) average around 22%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Hafnarfjordur
Daily rates in Hafnarfjordur 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 $175 per night
- Strong performing properties (top 25%) secure $245 or more
- Best-in-class properties (top 10%) pull in $394+ per night
- Entry-level properties (bottom 25%) earn around $132
Daily Rate Variations by Month
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Seasonality patterns in Hafnarfjordur
Peak Season (July, August, June)
- Revenue peaks at $4510.27 per month
- Occupancy rates reach 63.90%
- Daily rates average $244.93
Shoulder Season
- Revenue averages $3654.08 per month
- Occupancy maintains 48.43%
- Daily rates hold at $219.18
Low Season (February, April, January)
- Revenue drops to $2639.08 per month
- Occupancy decreases to 33.81%
- Daily rates adjust to $194.64
Is it still profitable to do Airbnb in Hafnarfjordur in 2025?
Yes! Hafnarfjordur demonstrates moderate seasonality with good off-peak opportunities, featuring a healthy occupancy rate of 48% and strong monthly revenue averaging $3654 and The market's 130 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 Hafnarfjordur
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Old Town | Charming historic area with colorful houses and cobblestone streets. Attracts tourists who wish to experience Icelandic culture and history. | Hafnarfjordur Church, The Hafnarfjordur Town Museum, Viking Village, Eldheimar, Hafnarfjordur Harbor |
| Hafnarfjordur Waterfront | Scenic waterfront area offering stunning views and access to walking paths. Ideal for visitors who enjoy outdoor activities and beautiful landscapes. | Hafnarfjordur Marina, Lónsá River, Walking and cycling paths, Local cafes and restaurants |
| Hellisgerdi Park | Large public park known for its lush greenery and walking trails. Great for families and outdoor enthusiasts looking for a peaceful retreat in nature. | Walking trails, Picnic areas, Playgrounds, Local wildlife, Community events |
| Hamar Golf Club | Popular golf course attracting both locals and visitors. A great option for those interested in outdoor sports and leisure activities. | Golfing, Stunning course views, Restaurant and clubhouse, Outdoor events |
| Valeyri Beach | Beautiful beach area that draws both locals and tourists looking for sun and relaxation. Suitable for families and beachgoers. | Sandy beach, Picnic spots, Walking trails, Water activities |
| Shopping District | Main commercial area with shops, cafes, and restaurants. Attractive for tourists who love shopping and dining in local venues. | Local boutiques, Cafes and bakeries, Restaurants, Outdoor markets |
| Keflavik International Airport | Nearby airport facilitating easy access to Iceland. Convenient for travelers and those wishing to explore both Hafnarfjordur and surrounding areas. | Access to flights, Car rentals, Airport services, Restaurants |
| Geothermal Pools | Unique Icelandic experience of relaxing in geothermal pools, popular with both locals and tourists. Ideal for wellness and relaxation seekers. | Public thermal baths, Spa services, Swimming facilities, Natural hot springs |
Do you need a license for Airbnb in Hafnarfjordur?
We recommend checking directly with Hafnarfjordur's local government regarding short-term rental licensing requirements. Current market data shows limited licensing information (20% of listings), making it essential to verify current regulations before starting your Airbnb business.
Top Performing Airbnb Properties in Hafnarfjordur
Luxurious large home. Perfect for your group
Entire Place • 6 bedrooms
Thorsplan Luxury Apartment
Entire Place • 4 bedrooms
Luxury with 360 nature and northern lights views !
Entire Place • 3 bedrooms
The Secret Cabin with hot tube in Nature Reserve
Entire Place • 2 bedrooms
Design Cottage Close to Icelandic Countryside & Reykjavik
Entire Place • 2 bedrooms
Beautiful, cosy cabin in Hafnarfjordur, Iceland
Entire Place • 3 bedrooms
Top Performing Professional Hosts in Hafnarfjordur
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Katrín | 2 | $188,571 | 1085 | 4.94/5.0 |
| Jón & Ásta | 1 | $180,346 | 138 | 4.94/5.0 |
| David Karl | 2 | $151,726 | 230 | 4.97/5.0 |
| Arngunnur | 1 | $110,315 | 119 | 4.97/5.0 |
| Anthony & Ýr | 1 | $93,710 | 288 | 5.00/5.0 |
| Oskar | 1 | $86,536 | 18 | 5.00/5.0 |
| Gauti | 1 | $81,090 | 26 | 4.92/5.0 |
| 275765456 | 1 | $69,292 | 1 | 0.00/5.0 |
| Helgi Berg | 1 | $66,767 | 10 | 5.00/5.0 |
| Ásta | 1 | $62,386 | 4 | 5.00/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Hafnarfjordur
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 (89.2%), with apartment & condo and house properties comprising 93.1% of inventory
- Untapped potential in boutique & hotels, outdoor & mobile, others segments (7.0% combined)
Room Capacity Distribution
Analysis of 130 properties in Hafnarfjordur shows that 1 bedroom properties are most prevalent, making up 30.8% of the market. The market tends to favor smaller properties, with 1 bedroom and 2 bedrooms together representing 60.0% of all listings.
Key Insights
- Most common: 1 bedroom (30.8%)
- Least common: 5+ bedrooms (3.8%)
- Market concentration: 60.0% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 130 properties in Hafnarfjordur reveals that 4 guests properties dominate the market, representing 32.3% of all listings. The average property accommodates 3.9 guests, with a clear trend towards larger guest capacities. Properties accommodating 4 guests and 2 guests make up 53.8% of the market.
Key Insights
- Most common capacity: 4 guests (32.3% of market)
- Least common capacity: 7 guests (2.3% of market)
- Average guest capacity: 3.9 guests per property
- Market concentration: 53.8% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 130 properties in Hafnarfjordur, the most common availability pattern is 271-366 days (40% of properties). For actual bookings, properties most frequently secure bookings for 91-180 days (36.9% of properties).
Key Insights
- Most common availability window: 271-366 days (40%)
- Most common booking duration: 91-180 days (36.9%)
- Properties with high availability (180+ days): 75.4%
- Properties with long-term bookings (180+ days): 26.9%
Minimum Stay Distributions
1 Night
23 listings
19.7% of total
2 Nights
34 listings
29.1% of total
3 Nights
33 listings
28.2% of total
4-6 Nights
20 listings
17.1% of total
7-29 Nights
2 listings
1.7% of total
30+ Nights
5 listings
4.3% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 48.8%
- Mid-length stays (4-6 nights) represent 17.1% of listings
- Monthly+ stays (4.3%) suggest a stable extended-stay market
- High market flexibility with 77.0% 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
Super Strict 30 Days
1 listings
1% of total
Super Strict 60 Days
1 listings
1% of total
Flexible
33 listings
31.4% of total
Moderate
40 listings
38.1% of total
Firm
10 listings
9.5% of total
Strict
20 listings
19% of total
Key Insights
- Moderate is the preferred policy at 38.1% of listings
- Guest-friendly policies (Flexible & Moderate) dominate at 69.5% of the market
- Strong market consensus around Moderate policies
- Super Strict 60 Days policies are least common at 1.0% 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 Jul, Nov, May, averaging 96 days
- Shortest booking windows are in Jan, Aug, Sep, averaging 64 days
- Spring shows the longest average booking window at 85 days, while Winter has the shortest at 74 days
Recommendations
- Implement dynamic pricing strategies for Spring bookings at least 85 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Jan-Sep when lead times are shortest
Popular Airbnb Amenities in Hafnarfjordur
Every property in Hafnarfjordur comes standard with Wifi. Below shows the distribution of other amenities:
Traveler Demographics
Key Insights
- Domestic travelers make up 0.8% of total guests, indicating a mostly international-driven market.
- Primary international markets: United Kingdom (14.4%) and Canada (9.5%)
- English is the top language at 61.7%, followed by Spanish (11.9%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 6.2%
Recommendations
- Target marketing campaigns for England and New York markets
- Develop localized content for United Kingdom and Canada
- Prioritize English and Spanish 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 Hafnarfjordur. 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% |
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