Airbnb Market Analytics, Statistics and Data in Mungyeong-si, North Gyeongsang, South Korea
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Mungyeong-si? 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 Mungyeong-si:
How much do Airbnb hosts make on average per month in Mungyeong-si?
The short-term rental market in Mungyeong-si 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 $764 per month
- Strong performing properties (top 25%) make $1,404 or more
- Best-in-class properties (top 10%) achieve $2,723+ monthly
- Entry-level properties (bottom 25%) typically earn around $398
Revenue Variations by Month
Occupancy Rates Throughout the Year in Mungyeong-si
The market in Mungyeong-si 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 16% occupancy rates
- Strong performing properties (top 25%) achieve 25% or higher
- Best-in-class properties (top 10%) reach 43%+occupancy
- Entry-level properties (bottom 25%) average around 11%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Mungyeong-si
Daily rates in Mungyeong-si 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 $134 per night
- Strong performing properties (top 25%) secure $179 or more
- Best-in-class properties (top 10%) pull in $278+ per night
- Entry-level properties (bottom 25%) earn around $95
Daily Rate Variations by Month
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Seasonality patterns in Mungyeong-si
Peak Season (May, April, October)
- Revenue peaks at $1516.65 per month
- Occupancy rates reach 25.72%
- Daily rates average $167.26
Shoulder Season
- Revenue averages $1159.52 per month
- Occupancy maintains 21.01%
- Daily rates hold at $151.35
Low Season (September, December, January)
- Revenue drops to $530.05 per month
- Occupancy decreases to 11.72%
- Daily rates adjust to $138.11
Is it still profitable to do Airbnb in Mungyeong-si in 2025?
Yes! Mungyeong-si demonstrates highly seasonal trends requiring strategic adaptation, featuring a growing occupancy rate of 21% and monthly revenue averaging $1160 and The market's 116 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 Mungyeong-si
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Mungyeong Saejae | A popular historical site known for its beautiful natural surroundings and cultural heritage. It attracts tourists interested in history, hiking, and nature experiences. | Mungyeong Saejae Provincial Park, Mungyeong Traditional Hanok Village, Mungyeong Seonbi Culture Park, Cultural experiences and festivals |
| Mungyeong Jukbong | Known for its picturesque bamboo forests and calming atmosphere. It appeals to those looking for a peaceful retreat and nature lovers. | Mungyeong Bamboo Forest, Hiking trails, Natural hot springs, Photography spots |
| Yeongdeok Beach | A nearby popular beach destination in Yeongdeok, attracting visitors during the summer. Ideal for those wanting a beach getaway with accessibility from Mungyeong. | Yeongdeok Beach, Seaside restaurants, Water sports, Sunbathing |
| Hwayang-deul | Famous for its scenic landscapes and outdoor activities like hiking and camping. Perfect for families and adventure seekers. | Hwayang-deul Mountain, Camping spots, Nature trails, Picnic areas |
| Mungyeong Daein Market | A vibrant local market that showcases traditional Korean culture and cuisine. Great for travelers wanting an authentic experience with local food. | Local street food, Traditional crafts, Cultural events, Market experiences |
| Mungyeong Traditional Hanok Village | A well-preserved traditional village that reflects Korean history and architecture. Attracts those interested in cultural experiences and photography. | Hanok (traditional houses), Cultural activities, Photography opportunities, Local artisans |
| Gumgang Falls | A beautiful waterfall attracting nature lovers and those looking for scenic views. Suitable for day trips and nature excursions. | Gumgang Falls, Hiking trails, Photography opportunities, Nature observation |
| Mungyeong Seonbi Culture Park | A cultural park dedicated to the history of Confucian scholars in Mungyeong. Popular for educational visits and cultural understanding. | Cultural exhibitions, Historical reenactments, Beautiful gardens, Cultural workshops |
Do you need a license for Airbnb in Mungyeong-si?
We recommend checking directly with Mungyeong-si's local government regarding short-term rental licensing requirements. Current market data shows limited licensing information (5% of listings), making it essential to verify current regulations before starting your Airbnb business.
Top Performing Airbnb Properties in Mungyeong-si
Countryside Village in a Modern Private House
Entire Place • 2 bedrooms
Empty Private Pension & Yoga
Entire Place • 2 bedrooms
Yellow Roof Bed & Breakfast
Entire Place • 3 bedrooms
아늑하고 깨끗한 자연 속 힐링공간
Private Room • 2 bedrooms
Mungyeong Donghwa-like House Private House Udam Stay
Entire Place • 1 bedroom
![[Mungyeong/Goesan] Home Danggol Pension No. 101 (Lawn yard, right in front of the valley, Mountain V](https://a0.muscache.com/im/pictures/15c7375d-f6c6-4caa-80e7-a5b46ab82a2d.jpg)
[Mungyeong/Goesan] Home Danggol Pension No. 101 (Lawn yard, right in front of the valley, Mountain V
Entire Place • 2 bedrooms
Top Performing Professional Hosts in Mungyeong-si
Additional analytics on vacation rental, real estate, short term rental data in Mungyeong-si
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 (64.7%), with boutique & hotels and house properties comprising 96.6% of inventory
- Strong specialty sector (83.7%) combining boutique hotels, unique stays, and outdoor accommodations indicates market maturity and premium opportunities
- Untapped potential in apartment & condo, outdoor & mobile segments (3.5% combined)
Room Capacity Distribution
Analysis of 116 properties in Mungyeong-si shows that 1 bedroom properties are most prevalent, making up 76.7% of the market. The market tends to favor smaller properties, with 1 bedroom and 2 bedrooms together representing 88.8% of all listings.
Key Insights
- Most common: 1 bedroom (76.7%)
- Least common: 4 bedrooms (0.9%)
- Market concentration: 88.8% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 116 properties in Mungyeong-si reveals that 8+ guests properties dominate the market, representing 45.7% of all listings. The average property accommodates 5.7 guests, with a clear trend towards larger guest capacities. Properties accommodating 8+ guests and 6 guests make up 60.3% of the market.
Key Insights
- Most common capacity: 8+ guests (45.7% of market)
- Least common capacity: 1 guest (0.9% of market)
- Average guest capacity: 5.7 guests per property
- Market concentration: 60.3% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 116 properties in Mungyeong-si, the most common availability pattern is 271-366 days (94% of properties). For actual bookings, properties most frequently secure bookings for 31-90 days (70.7% of properties).
Key Insights
- Most common availability window: 271-366 days (94%)
- Most common booking duration: 31-90 days (70.7%)
- Properties with high availability (180+ days): 95.7%
- Properties with long-term bookings (180+ days): 4.3%
Minimum Stay Distributions
1 Night
114 listings
100% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 100.0%
- Mid-length stays (4-6 nights) represent 0% of listings
- Monthly+ stays (0%) suggest a stable extended-stay market
- High market flexibility with 100.0% 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
Flexible
8 listings
26.7% of total
Moderate
6 listings
20% of total
Firm
11 listings
36.7% of total
Strict
5 listings
16.7% of total
Key Insights
- Firm is the preferred policy at 36.7% of listings
- The market shows a balanced distribution between guest-friendly (46.7%) and strict (53.4%) policies
- Strict policies are least common at 16.7% of listings
Recommendations
- Market supports various policies - choose based on your property type and target guests
- Strong market preference for Firm policies suggests this should be your baseline
Booking Lead Time Trends
Key Insights
- Peak booking lead times occur in Feb, Apr, May, averaging 37 days
- Shortest booking windows are in Oct, Dec, Mar, averaging 12 days
- Winter shows the longest average booking window at 26 days, while Fall has the shortest at 17 days
Recommendations
- Implement dynamic pricing strategies for Winter bookings at least 26 days in advance
- Consider early bird discounts during Fall to encourage longer lead times
- Focus on last-minute booking promotions during Oct-Mar when lead times are shortest
Popular Airbnb Amenities in Mungyeong-si
Every property in Mungyeong-si comes standard with Wifi, Kitchen, and Heating. Below shows the distribution of other amenities:
Traveler Demographics
Key Insights
- Domestic travelers make up 85.2% of total guests, indicating a dominant local market share.
- Primary international markets: United States (5.5%) and Netherlands (1.8%)
- Korean is the top language at 46.3%, followed by English (35.4%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 2.2%
Recommendations
- Target marketing campaigns for Seoul and Busan markets
- Develop localized content for United States and Netherlands
- Prioritize Korean and English 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 Mungyeong-si. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Nomun-ri | 10 | $3,284 | $298.82 | 24% |
| Seorak-myeon | 11 | $3,111 | $205.05 | 36% |
| Wondeok-ri | 13 | $2,713 | $204.50 | 43% |
| Yeoju-si | 29 | $2,414 | $215.35 | 32% |
| Mugan-ri | 15 | $2,021 | $233.40 | 27% |
| Gapcheon-myeon | 11 | $1,983 | $146.28 | 45% |
| Seorak | 12 | $1,853 | $198.07 | 27% |
| Gui-myeon | 12 | $1,825 | $180.03 | 30% |
| Yangpyeong | 15 | $1,790 | $259.28 | 22% |
| Yangpyeong-gun | 21 | $1,704 | $207.32 | 28% |
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