Airbnb Market Analytics, Statistics and Data in North Bay Village, 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 North Bay Village? 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 North Bay Village:
How much do Airbnb hosts make on average per month in North Bay Village?
The short-term rental market in North Bay Village 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 $2,954 per month
- Strong performing properties (top 25%) make $8,319 or more
- Best-in-class properties (top 10%) achieve $27,809+ monthly
- Entry-level properties (bottom 25%) typically earn around $1,809
Revenue Variations by Month
Occupancy Rates Throughout the Year in North Bay Village
The market in North Bay Village 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 52% occupancy rates
- Strong performing properties (top 25%) achieve 74% or higher
- Best-in-class properties (top 10%) reach 86%+occupancy
- Entry-level properties (bottom 25%) average around 26%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in North Bay Village
Daily rates in North Bay Village 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 $555 or more
- Best-in-class properties (top 10%) pull in $1,412+ per night
- Entry-level properties (bottom 25%) earn around $110
Daily Rate Variations by Month
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Seasonality patterns in North Bay Village
Peak Season (March, February, June)
- Revenue peaks at $11571.00 per month
- Occupancy rates reach 63.86%
- Daily rates average $557.80
Shoulder Season
- Revenue averages $8743.04 per month
- Occupancy maintains 50.51%
- Daily rates hold at $482.28
Low Season (January, August, September)
- Revenue drops to $6315.73 per month
- Occupancy decreases to 41.48%
- Daily rates adjust to $455.35
Is it still profitable to do Airbnb in North Bay Village in 2025?
Yes! North Bay Village demonstrates highly seasonal trends requiring strategic adaptation, featuring a healthy occupancy rate of 51% and strong monthly revenue averaging $8743 and The market's 110 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 North Bay Village
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| North Bay Village | A picturesque island community known for its beautiful waterfront views and proximity to Miami. Ideal for tourists seeking a tranquil escape while being just minutes from the vibrant Miami nightlife. | North Bay Village Marina, Treasure Island Park, Pelican Harbor Park, Miami Beach Water Sports, Arch Creek Park |
| Miami Beach | World-renowned destination famous for its stunning beaches, vibrant nightlife, and diverse cultural offerings. A perfect location for attracting vacationers and event-goers. | South Beach, Art Deco Historic District, Lincoln Road Mall, Versace Mansion, Ocean Drive |
| Sunny Isles Beach | Known for its luxurious high-rise condos and pristine beaches, Sunny Isles attracts families and couples looking for a relaxing beachfront vacation. | Sunny Isles Beach, Pier Park, Oleta River State Park, Aventura Mall, Haulover Park |
| Surfside | Charming neighborhood with a laid-back vibe, appealing to families and those looking for a quieter beach experience. Close to Bal Harbour and its shopping options. | Surfside Beach, Bal Harbour Shops, Anna Ruth Friedman Park, Heritage Park, Aqua Water Park |
| Bal Harbour | Upscale community known for its luxury shopping and beautiful beaches, attractive to affluent travelers seeking an upscale getaway. | Bal Harbour Shops, Haulover Beach Park, Bal Harbour Beach, Haulover Inlet, Surfside Park |
| Bayshore | A waterfront neighborhood with stunning views of Biscayne Bay, popular among tourists for its scenic drives and access to luxury amenities and dining. | Bayshore Park, Bayshore Drive, Miami Beach Boardwalk, Fisher Island, Key Biscayne |
| Aventura | A bustling city with a vibrant shopping scene and diverse restaurants, appealing to vacationers who enjoy leisure and upscale amenities. | Aventura Mall, Founders Park, Aventura Arts & Cultural Center, Turnberry Isle Miami, Golf Club, Waterways Park |
| Midtown Miami | A rapidly developing urban area with a trendy vibe, popular among young professionals and tourists looking for a modern experience close to the Design District and Wynwood. | Midtown Miami shops, Design District, Wynwood Walls, Miami Design District, local bars and restaurants |
Do you need a license for Airbnb in North Bay Village?
We recommend checking directly with North Bay Village'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 North Bay Village
Luxury Bayfront Villa with Pool: New Construction
Entire Place • 5 bedrooms
Bayfront Villa with Heated Pool & Hot tub
Entire Place • 5 bedrooms
Best Bayfront View with Heated Pool
Entire Place • 4 bedrooms
Bayfront Escape Poolside Luxury Villa with Sunset
Entire Place • 4 bedrooms
Waterfront Manor in Miami
Entire Place • 5 bedrooms
Luxury 5BR Waterfront Mansion Heated Pool & Dock
Entire Place • 5 bedrooms
Top Performing Professional Hosts in North Bay Village
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Caroline | 7 | $2,884,676 | 278 | 4.99/5.0 |
| Novus | 3 | $642,867 | 31 | 4.97/5.0 |
| Roami | 5 | $569,195 | 1066 | 4.71/5.0 |
| AboutAway | 2 | $528,706 | 23 | 2.50/5.0 |
| Elite Luxe | 1 | $410,967 | 49 | 4.86/5.0 |
| Jordan | 1 | $192,553 | 18 | 4.89/5.0 |
| Lia | 1 | $184,076 | 9 | 5.00/5.0 |
| Christian | 1 | $172,684 | 33 | 4.91/5.0 |
| Erika | 1 | $142,858 | 6 | 5.00/5.0 |
| Steve | 1 | $138,302 | 58 | 4.88/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in North Bay Village
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 (93.6%), with apartment & condo and house properties comprising 100.0% of inventory
Room Capacity Distribution
Analysis of 110 properties in North Bay Village shows that 1 bedroom properties are most prevalent, making up 30% of the market. The market tends to favor larger properties, with 1 bedroom and 4 bedrooms together representing 45.5% of all listings.
Key Insights
- Most common: 1 bedroom (30%)
- Least common: 2 bedrooms (7.3%)
- Market concentration: 45.5% in top 2 sizes
- Market skew: Favors larger properties
Guest Capacity Distribution
Analysis of 110 properties in North Bay Village reveals that 8+ guests properties dominate the market, representing 31.8% of all listings. The average property accommodates 4.8 guests, with a clear trend towards larger guest capacities. Properties accommodating 8+ guests and 2 guests make up 54.5% of the market.
Key Insights
- Most common capacity: 8+ guests (31.8% of market)
- Least common capacity: 5 guests (1.8% of market)
- Average guest capacity: 4.8 guests per property
- Market concentration: 54.5% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 110 properties in North Bay Village, the most common availability pattern is 271-366 days (34.5% of properties). For actual bookings, properties most frequently secure bookings for 91-180 days (30.9% of properties).
Key Insights
- Most common availability window: 271-366 days (34.5%)
- Most common booking duration: 91-180 days (30.9%)
- Properties with high availability (180+ days): 66.4%
- Properties with long-term bookings (180+ days): 36.4%
Minimum Stay Distributions
1 Night
16 listings
17.4% of total
2 Nights
15 listings
16.3% of total
3 Nights
17 listings
18.5% of total
4-6 Nights
18 listings
19.6% of total
7-29 Nights
10 listings
10.9% of total
30+ Nights
16 listings
17.4% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 33.7%
- Mid-length stays (4-6 nights) represent 19.6% of listings
- Monthly+ stays (17.4%) suggest a stable extended-stay market
- High market flexibility with 52.2% 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 30 Days
1 listings
1.1% of total
Flexible
7 listings
8% of total
Moderate
13 listings
14.9% of total
Firm
28 listings
32.2% of total
Strict
38 listings
43.7% of total
Key Insights
- Strict is the preferred policy at 43.7% of listings
- Stricter policies (Firm & Strict) dominate at 75.9% of the market
- Strong market consensus around Strict policies
- Super Strict 30 Days policies are least common at 1.1% of listings
Recommendations
- The market supports stricter policies, with 75.9% 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 Jan, Mar, Feb, averaging 58 days
- Shortest booking windows are in Oct, Aug, Sep, averaging 30 days
- Winter shows the longest average booking window at 55 days, while Fall has the shortest at 34 days
Recommendations
- Implement dynamic pricing strategies for Winter bookings at least 55 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 North Bay Village
Every property in North Bay Village comes standard with Kitchen, Air conditioning, and Wifi. Below shows the distribution of other amenities:
Traveler Demographics
Key Insights
- Domestic travelers make up 71.6% of total guests, indicating a dominant local market share.
- Primary international markets: Canada (5.9%) and Argentina (4.1%)
- English is the top language at 62.2%, followed by Spanish (23.6%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 4.8%
Recommendations
- Target marketing campaigns for New York and Miami markets
- Develop localized content for Canada and Argentina
- 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 North Bay Village. 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% |
| 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% |
| Cutler Bay | 71 | $4,608 | $273.75 | 52% |
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