Airbnb Market Analytics, Statistics and Data in Siheung-si, Siheung-si, South Korea
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Siheung-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 Siheung-si:
How much do Airbnb hosts make on average per month in Siheung-si?
The short-term rental market in Siheung-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 $1,131 per month
- Strong performing properties (top 25%) make $1,805 or more
- Best-in-class properties (top 10%) achieve $2,291+ monthly
- Entry-level properties (bottom 25%) typically earn around $598
Revenue Variations by Month
Occupancy Rates Throughout the Year in Siheung-si
The market in Siheung-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 31% occupancy rates
- Strong performing properties (top 25%) achieve 57% or higher
- Best-in-class properties (top 10%) reach 72%+occupancy
- Entry-level properties (bottom 25%) average around 15%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Siheung-si
Daily rates in Siheung-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 $99 per night
- Strong performing properties (top 25%) secure $110 or more
- Best-in-class properties (top 10%) pull in $151+ per night
- Entry-level properties (bottom 25%) earn around $78
Daily Rate Variations by Month
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Seasonality patterns in Siheung-si
Peak Season (June, May, March)
- Revenue peaks at $2297.03 per month
- Occupancy rates reach 58.30%
- Daily rates average $118.25
Shoulder Season
- Revenue averages $1317.70 per month
- Occupancy maintains 36.02%
- Daily rates hold at $103.42
Low Season (October, January, December)
- Revenue drops to $524.76 per month
- Occupancy decreases to 18.97%
- Daily rates adjust to $88.48
Is it still profitable to do Airbnb in Siheung-si in 2025?
Yes! Siheung-si demonstrates highly seasonal trends requiring strategic adaptation, featuring a growing occupancy rate of 36% and monthly revenue averaging $1318 and With 289 active listings, the market shows established demand while maintaining room for growth. 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 Siheung-si
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Siheung Central Park | A beautiful urban park that attracts both locals and visitors, making it a prime spot for short-term rentals seeking nature and leisure activities. | Siheung Central Park, Hanmaeum Park, Urban Art Park |
| Namsan Park | A popular tourist destination with scenic views and natural beauty. It's a great area for those looking to explore nature in the city while having access to amenities. | Namsan Park, Namsan Seoul Tower, Walking Trails |
| Siheung City Hall | The bustling administrative and business hub of Siheung. A great location for business travelers and tourists who want to be close to civic amenities and urban life. | Siheung City Hall, Cafes and Restaurants, Local Shops |
| Gajwa | A residential area that is increasingly popular among visitors due to its local charm and proximity to facilities. Great for longer stays. | Local Markets, Cultural Experiences, Family-friendly Parks |
| Siheung Industrial Complex | This area is important for business travelers coming to the industrial zone. A unique investment opportunity with consistent demand for short stays. | Business Centers, Industrial Sites |
| Cheongna International City | A rapidly developing area with modern residences and amenities. Ideal for tourists looking for a more luxurious stay close to nature and water. | Cheongna Lake Park, Shopping Malls, Restaurants |
| Daebudo Island | A scenic island getaway that attracts tourists looking for a beach experience and relaxation away from the city hustle. Perfect for vacation rentals. | Daebudo Beach, Local Seafood Markets, Natural Parks |
| Jeongok Port | A coastal area popular with travelers seeking water activities and fresh seafood. Great for Airbnb hosts looking to capitalize on a waterfront location. | Jeongok Beach, Water Sports, Fishing Activities |
Do you need a license for Airbnb in Siheung-si?
We recommend checking directly with Siheung-si'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 Siheung-si
![[Le Collective] #눈부신햇살 #시원한 파도소리](https://a0.muscache.com/im/pictures/prohost-api/Hosting-919212987890922420/original/1dcc9ffb-1bfa-45d4-aa30-7e30a1e47e5c.jpeg?aki_policy=medium)
[Le Collective] #눈부신햇살 #시원한 파도소리
Entire Place • 2 bedrooms
![[Le Collective] #눈부신햇살 #시원한 파도소리](https://a0.muscache.com/im/pictures/prohost-api/Hosting-1083561508412311580/original/7521c6bf-2dce-47d2-84e4-4c738b1c4775.jpeg?aki_policy=medium)
[Le Collective] #눈부신햇살 #시원한 파도소리
Entire Place • 2 bedrooms
![[Le Collective] 웨이브파크 도보3분거리](https://a0.muscache.com/im/pictures/prohost-api/Hosting-1082512873145236688/original/f710f26e-9d40-4185-b2ed-380ebe1183d6.jpeg?aki_policy=medium)
[Le Collective] 웨이브파크 도보3분거리
Entire Place • 2 bedrooms
New Open/Main Street/65-inch TV/Duplex/Spacious Space/Free Parking/Cleanliness, Disinfection/Hot Pla
Entire Place • 1 bedroom
![Seoul super close cottage Bucheon Station 5 minutes, Siheung IC 5 minutes away [Small Paradise]](https://a0.muscache.com/im/pictures/hosting/Hosting-1140323915759160051/original/17996d59-c741-4f7b-9d05-1deb645563ae.jpeg)
Seoul super close cottage Bucheon Station 5 minutes, Siheung IC 5 minutes away [Small Paradise]
Entire Place • 1 bedroom
![[Le Collective] *서퍼들의 성지*](https://z1.muscache.cn/im/pictures/prohost-api/Hosting-1024359099904746557/original/1c22921b-79ae-4bcb-a3a2-1e1232dba2a0.jpeg?aki_policy=medium)
[Le Collective] *서퍼들의 성지*
Entire Place • 1 bedroom
Top Performing Professional Hosts in Siheung-si
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Le Collective Siheung | 253 | $1,270,032 | 298 | 0.76/5.0 |
| Peter.J | 5 | $36,183 | 184 | 4.42/5.0 |
| 유정 | 3 | $32,006 | 158 | 4.92/5.0 |
| Grace | 2 | $28,858 | 18 | 2.50/5.0 |
| Yong | 1 | $28,488 | 110 | 4.94/5.0 |
| Hs Operation | 4 | $22,934 | 123 | 3.42/5.0 |
| Ellie | 2 | $22,097 | 84 | 4.74/5.0 |
| Yuni | 1 | $20,186 | 43 | 4.93/5.0 |
| 호수 | 1 | $19,645 | 77 | 4.90/5.0 |
| Jihye | 1 | $12,659 | 14 | 4.93/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Siheung-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 (97.6%), with apartment & condo and house properties comprising 98.2% of inventory
- Untapped potential in boutique & hotels, unique stays segments (1.7% combined)
Room Capacity Distribution
Analysis of 289 properties in Siheung-si shows that 1 bedroom properties are most prevalent, making up 91% of the market. The market tends to favor smaller properties, with 1 bedroom and 2 bedrooms together representing 97.6% of all listings.
Key Insights
- Most common: 1 bedroom (91%)
- Least common: 3 bedrooms (1.4%)
- Market concentration: 97.6% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 289 properties in Siheung-si reveals that 4 guests properties dominate the market, representing 72.7% of all listings. The average property accommodates 3.8 guests, with a clear trend towards larger guest capacities. Properties accommodating 4 guests and 2 guests make up 90.3% of the market.
Key Insights
- Most common capacity: 4 guests (72.7% of market)
- Least common capacity: 5 guests (0.7% of market)
- Average guest capacity: 3.8 guests per property
- Market concentration: 90.3% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 289 properties in Siheung-si, the most common availability pattern is 271-366 days (83.4% of properties). For actual bookings, properties most frequently secure bookings for 1-30 days (48.1% of properties).
Key Insights
- Most common availability window: 271-366 days (83.4%)
- Most common booking duration: 1-30 days (48.1%)
- Properties with high availability (180+ days): 95.8%
- Properties with long-term bookings (180+ days): 5.2%
Minimum Stay Distributions
1 Night
29 listings
93.5% of total
3 Nights
2 listings
6.5% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 93.5%
- 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
7 listings
24.1% of total
Moderate
4 listings
13.8% of total
Firm
8 listings
27.6% of total
Strict
10 listings
34.5% of total
Key Insights
- Strict is the preferred policy at 34.5% of listings
- Stricter policies (Firm & Strict) dominate at 62.1% of the market
- Moderate policies are least common at 13.8% of listings
Recommendations
- The market supports stricter policies, with 62.1% using Firm or Strict terms
- Strong market preference for Strict policies suggests this should be your baseline
Booking Lead Time Trends
Key Insights
- Peak booking lead times occur in Dec, Oct, Jul, averaging 34 days
- Shortest booking windows are in May, Apr, Sep, averaging 11 days
- Winter shows the longest average booking window at 26 days, while Spring has the shortest at 13 days
Recommendations
- Implement dynamic pricing strategies for Winter bookings at least 26 days in advance
- Consider early bird discounts during Spring to encourage longer lead times
- Focus on last-minute booking promotions during May-Sep when lead times are shortest
Popular Airbnb Amenities in Siheung-si
Every property in Siheung-si comes standard with Air conditioning, and Wifi. Below shows the distribution of other amenities:
Traveler Demographics
Key Insights
- Domestic travelers make up 84.1% of total guests, indicating a dominant local market share.
- Primary international markets: United States (4%) and China (3.6%)
- Korean is the top language at 53.6%, followed by English (38.1%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 8.0%
Recommendations
- Target marketing campaigns for Seoul and Siheung-si markets
- Develop localized content for United States and China
- 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 Siheung-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% |
| Gimpo-si | 30 | $1,937 | $116.63 | 48% |
| Seorak | 12 | $1,853 | $198.07 | 27% |
| Yangpyeong | 15 | $1,790 | $259.28 | 22% |
| Yangpyeong-gun | 21 | $1,704 | $207.32 | 28% |
| Seojong | 17 | $1,699 | $194.77 | 28% |
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