Airbnb Market Analytics, Statistics and Data in Key Largo, Florida, United States
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Key Largo? 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 Key Largo:
How much do Airbnb hosts make on average per month in Key Largo?
The short-term rental market in Key Largo 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 $4,382 per month
- Strong performing properties (top 25%) make $7,131 or more
- Best-in-class properties (top 10%) achieve $11,163+ monthly
- Entry-level properties (bottom 25%) typically earn around $2,228
Revenue Variations by Month
Occupancy Rates Throughout the Year in Key Largo
The market in Key Largo 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 43% occupancy rates
- Strong performing properties (top 25%) achieve 65% or higher
- Best-in-class properties (top 10%) reach 80%+occupancy
- Entry-level properties (bottom 25%) average around 20%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Key Largo
Daily rates in Key Largo 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 $270 per night
- Strong performing properties (top 25%) secure $436 or more
- Best-in-class properties (top 10%) pull in $782+ per night
- Entry-level properties (bottom 25%) earn around $192
Daily Rate Variations by Month
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Seasonality patterns in Key Largo
Peak Season (March, February, June)
- Revenue peaks at $8614.58 per month
- Occupancy rates reach 58.46%
- Daily rates average $442.29
Shoulder Season
- Revenue averages $5780.30 per month
- Occupancy maintains 43.35%
- Daily rates hold at $414.13
Low Season (November, October, September)
- Revenue drops to $3144.54 per month
- Occupancy decreases to 27.34%
- Daily rates adjust to $368.18
Is it still profitable to do Airbnb in Key Largo in 2025?
Yes! Key Largo demonstrates highly seasonal trends requiring strategic adaptation, featuring a growing occupancy rate of 43% and strong monthly revenue averaging $5780 and As a mature market with 732 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 (leaf-peepers, wine tourists, cultural festival attendees, solo travelers)
- Create targeted promotional campaigns to drive occupancy
Top Places to Start Airbnb in Key Largo
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Key Largo Bay | Known for its stunning sunsets and scenic waterfront views, Key Largo Bay attracts families and couples looking for a relaxing getaway. The area offers direct access to water activities and is close to popular restaurants. | John Pennekamp Coral Reef State Park, Key Largo Marine Sanctuary, Dolphins Plus Bayside, Florida Keys National Marine Sanctuary |
| Pennekamp State Park | This area is famous for its coral reefs and underwater national park, making it a hotspot for diving and snorkeling enthusiasts. It appeals to eco-tourists and adventure seekers. | John Pennekamp Coral Reef State Park, Numerous snorkeling tours, Glass-bottom boat tours, Eco-tours and kayaking |
| Ocean Reef Club | An exclusive community known for luxury resort-style living, attracting affluent visitors. Ideal for investors looking for high-end clientele seeking a premium stay. | Ocean Reef Club amenities, Luxury dining, Private marina, Exclusive shops |
| Key Largo Village | A quaint village atmosphere with local shops and eateries, good for guests wanting a cozy and authentic Key Largo experience. Close to attractions and local culture. | Key Largo Chamber of Commerce, Local markets, Art galleries, Theatre of the Sea |
| Tarpon Basin | A peaceful neighborhood ideal for nature lovers and those looking to explore the beautiful natural surroundings. Offers kayaking and eco-adventures, attracting families and outdoor enthusiasts. | Tarpon Basin nature trails, Kayaking tours, Bird watching, Waterfront restaurants |
| Card Sound Road | Scenic and less commercialized, this area is perfect for those wanting a quiet retreat away from the hustle. Appeals to guests looking for privacy and natural beauty. | Card Sound Bridge, Key Largo Fishing spots, Private beaches, Nature panoramas |
| Florida Keys Wild Bird Rehabilitation Center | A unique spot for animal lovers and those interested in wildlife. Attracts visitors interested in learning about local fauna and supporting conservation efforts. | Bird watching, Wildlife tours, Educational programs on local birds |
| Key Largo Fisheries | A local attraction known for fresh seafood and a laid-back atmosphere. Great for visitors looking to enjoy authentic Florida Keys cuisine and fresh catches from the sea. | Seafood market, Outdoor dining, Fishing tours, Family-friendly activities |
Do you need a license for Airbnb in Key Largo?
We recommend checking directly with Key Largo'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 Key Largo
Barefoot Key - Key Largo, Florida
Entire Place • 8 bedrooms
Waterfront Estate - Sleeps 36!
Entire Place • 12 bedrooms
SouthernDiversion Jan discounts
Entire Place • 6 bedrooms
Private Oasis Retreat Pool Villa
Entire Place • 5 bedrooms
Nautilus House - Coastal Modern and Spacious Villa
Entire Place • 5 bedrooms
The Grand Lodge Right On The Water At Largo Resort
Entire Place • 3 bedrooms
Top Performing Professional Hosts in Key Largo
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Diane | 17 | $1,257,471 | 911 | 4.62/5.0 |
| Playa Largo Ocean Residences | 12 | $1,066,291 | 70 | 2.41/5.0 |
| Tanya | 6 | $1,055,362 | 347 | 4.89/5.0 |
| 495439016 | 27 | $887,213 | 0 | 0.00/5.0 |
| Jacqueline | 6 | $729,269 | 430 | 4.92/5.0 |
| 98253282 | 6 | $646,565 | 57 | 3.27/5.0 |
| Dolphin Point Villas | 6 | $603,894 | 63 | 4.91/5.0 |
| Fernando | 7 | $564,405 | 600 | 4.83/5.0 |
| 80354298 | 1 | $519,073 | 3 | 5.00/5.0 |
| Damaris | 4 | $454,066 | 176 | 4.90/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Key Largo
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 (93%), with house and apartment & condo properties comprising 80.1% of inventory
- Strong specialty sector (19.1%) combining boutique hotels, unique stays, and outdoor accommodations indicates market maturity and premium opportunities
- Untapped potential in others, unique stays segments (0.9% combined)
Room Capacity Distribution
Analysis of 732 properties in Key Largo shows that 2 bedrooms properties are most prevalent, making up 41.7% of the market. The market tends to favor smaller properties, with 2 bedrooms and 3 bedrooms together representing 66.8% of all listings.
Key Insights
- Most common: 2 bedrooms (41.7%)
- Least common: 5+ bedrooms (2.3%)
- Market concentration: 66.8% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 732 properties in Key Largo reveals that 6 guests properties dominate the market, representing 31.6% of all listings. The average property accommodates 5.8 guests, with a clear trend towards larger guest capacities. Properties accommodating 6 guests and 8+ guests make up 59.8% of the market.
Key Insights
- Most common capacity: 6 guests (31.6% of market)
- Least common capacity: 3 guests (1.5% of market)
- Average guest capacity: 5.8 guests per property
- Market concentration: 59.8% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 732 properties in Key Largo, the most common availability pattern is 271-366 days (44.9% of properties). For actual bookings, properties most frequently secure bookings for 91-180 days (25.3% of properties).
Key Insights
- Most common availability window: 271-366 days (44.9%)
- Most common booking duration: 91-180 days (25.3%)
- Properties with high availability (180+ days): 70.9%
- Properties with long-term bookings (180+ days): 31.1%
Minimum Stay Distributions
1 Night
91 listings
13.4% of total
2 Nights
112 listings
16.4% of total
3 Nights
131 listings
19.2% of total
4-6 Nights
82 listings
12% of total
7-29 Nights
209 listings
30.7% of total
30+ Nights
56 listings
8.2% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 29.8%
- Mid-length stays (4-6 nights) represent 12% of listings
- Monthly+ stays (8.2%) suggest a stable extended-stay market
- High market flexibility with 49.0% 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
- Consider monthly stay discounts to capture the growing extended-stay market
- Implement different minimum stays for weekends vs. weekdays
Cancellation Policy Distribution
Super Strict 60 Days
5 listings
0.9% of total
Super Strict 30 Days
15 listings
2.6% of total
Flexible
52 listings
9% of total
Moderate
94 listings
16.3% of total
Firm
146 listings
25.3% of total
Strict
266 listings
46% of total
Key Insights
- Strict is the preferred policy at 46.0% of listings
- Stricter policies (Firm & Strict) dominate at 71.3% of the market
- Strong market consensus around Strict policies
- Super Strict 60 Days policies are least common at 0.9% of listings
Recommendations
- The market supports stricter policies, with 71.3% 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 Mar, Jan, Feb, averaging 94 days
- Shortest booking windows are in Oct, Aug, Sep, averaging 53 days
- Winter shows the longest average booking window at 91 days, while Fall has the shortest at 58 days
Recommendations
- Implement dynamic pricing strategies for Winter bookings at least 91 days in advance
- Consider early bird discounts during Fall to encourage longer lead times
- Focus on last-minute booking promotions during Oct-Sep when lead times are shortest
Popular Airbnb Amenities in Key Largo
Below is the distribution of amenities across listings in Key Largo:
Traveler Demographics
Key Insights
- Domestic travelers make up 90.5% of total guests, indicating a dominant local market share.
- Primary international markets: Canada (2%) and United Kingdom (1.9%)
- English is the top language at 72.1%, followed by Spanish (17.9%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 5.0%
Recommendations
- Target marketing campaigns for Miami and New York markets
- Develop localized content for Canada and United Kingdom
- 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 Key Largo. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Bal Harbour Village | 33 | $11,004 | $798.77 | 45% |
| Stock Island | 99 | $7,584 | $572.82 | 43% |
| Lake Clarke Shores | 27 | $6,443 | $424.96 | 48% |
| Key West | 1,100 | $6,401 | $547.56 | 46% |
| North Bay Village | 110 | $6,084 | $513.61 | 49% |
| Pinecrest | 12 | $5,686 | $576.32 | 45% |
| Duck Key | 67 | $5,190 | $450.78 | 43% |
| Lighthouse Point | 79 | $5,009 | $391.01 | 46% |
| Key Biscayne | 118 | $4,902 | $419.58 | 49% |
| Plantation | 119 | $4,631 | $356.02 | 46% |
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