Airbnb Market Analytics, Statistics and Data in Palm Bay, 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 Palm Bay? 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 Palm Bay:
How much do Airbnb hosts make on average per month in Palm Bay?
The short-term rental market in Palm Bay 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 $2,076 per month
- Strong performing properties (top 25%) make $3,518 or more
- Best-in-class properties (top 10%) achieve $5,014+ monthly
- Entry-level properties (bottom 25%) typically earn around $914
Revenue Variations by Month
Occupancy Rates Throughout the Year in Palm Bay
The market in Palm Bay 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 47% occupancy rates
- Strong performing properties (top 25%) achieve 69% or higher
- Best-in-class properties (top 10%) reach 86%+occupancy
- Entry-level properties (bottom 25%) average around 22%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Palm Bay
Daily rates in Palm Bay 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 $119 per night
- Strong performing properties (top 25%) secure $173 or more
- Best-in-class properties (top 10%) pull in $231+ per night
- Entry-level properties (bottom 25%) earn around $67
Daily Rate Variations by Month
Get Live Palm Bay Market Intelligence 👇
Explore Real-time Analytics
Seasonality patterns in Palm Bay
Peak Season (March, June, February)
- Revenue peaks at $3223.24 per month
- Occupancy rates reach 60.09%
- Daily rates average $149.39
Shoulder Season
- Revenue averages $2452.97 per month
- Occupancy maintains 47.26%
- Daily rates hold at $137.73
Low Season (November, August, September)
- Revenue drops to $1648.68 per month
- Occupancy decreases to 40.09%
- Daily rates adjust to $122.46
Is it still profitable to do Airbnb in Palm Bay in 2025?
Yes! Palm Bay demonstrates highly seasonal trends requiring strategic adaptation, featuring a healthy occupancy rate of 47% and solid monthly revenue averaging $2453 and With 251 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 (families on vacation, festival goers, adventure tourists, international visitors)
- Create targeted promotional campaigns to drive occupancy
Top Places to Start Airbnb in Palm Bay
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Indian River Lagoon | A beautiful estuary offering incredible views and access to outdoor activities like boating, fishing, and kayaking. It's an attractive destination for nature lovers and tourists seeking relaxation. | Sebastian Inlet State Park, India River Lagoon National Estuarine Research Reserve, State Road 510, Pelican Island National Wildlife Refuge, Fishing and boating opportunities |
| Palm Bay Regional Park | A large park featuring scenic walking trails, sports facilities, and picnic areas. It makes for an excellent stay for families and outdoor enthusiasts looking to enjoy nature. | Walking trails, Picnic areas, Playgrounds, Wildlife viewing, Community events |
| Brevard Zoo | One of the top attractions in the area, perfect for families and animal lovers. Hosting Airbnb here can attract visitors looking for close proximity to the zoo. | Brevard Zoo, Animal encounters, Kayaking in the zoo, Zip lining experiences, Educational programs |
| Malabar | A quaint and charming area just south of Palm Bay, perfect for guests who want a quieter atmosphere while still being close to attractions. | Malabar Scrub Sanctuary, Local parks, Quiet neighborhoods, Nature trails, Scenic views |
| Cocoa Beach | Famous for its beautiful beaches and surf culture, Cocoa Beach is a short drive from Palm Bay and is a prime location for beachgoers. | Cocoa Beach Pier, Ron Jon Surf Shop, Cocoa Beach, Little Cocoa Beach, Surfing and beach activities |
| Florida Institute of Technology | Proximity to this prestigious university attracts students, faculty, and visitors, making it a smart choice for short-term rentals. | University campus, Museums nearby, Cultural events, Student activities, Research centers |
| Historic Roseland | A historic area featuring preserved sites and charming architecture, appealing to visitors interested in history and culture. | Historic sites, Local art galleries, Community events, Cultural festivals, Nature trails |
| Satellite Beach | A nearby coastal community known for its beaches and family-friendly atmosphere, ideal for visitors who love the sun and surf. | Satellite Beach, Parker Island, Pineapple Park, Surfing, Fishing opportunities |
Do you need a license for Airbnb in Palm Bay?
We recommend checking directly with Palm Bay'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 Palm Bay
WaterFront: Heated Pool Kayaks SUPs Fast WiFi
Entire Place • 5 bedrooms
Pellicanus House on the Bay
Entire Place • 4 bedrooms
New! 4 Bedroom w/ Private Heated Pool! Pool Table!
Entire Place • 4 bedrooms
Spacious Family Vacation Home with 5 Bedrooms
Entire Place • 5 bedrooms
Namaste Getaway ~ Heated Pool/Private Yard
Entire Place • 3 bedrooms
Heated Pool, 4BDR & Game Room - Bay Bungalow
Entire Place • 4 bedrooms
Top Performing Professional Hosts in Palm Bay
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Jake | 7 | $221,809 | 158 | 4.14/5.0 |
| Daphne | 5 | $152,662 | 596 | 3.85/5.0 |
| Jay | 1 | $123,548 | 78 | 5.00/5.0 |
| Alecia | 3 | $102,167 | 42 | 3.33/5.0 |
| Shannon | 2 | $98,074 | 115 | 4.96/5.0 |
| Andy | 3 | $91,379 | 201 | 4.92/5.0 |
| Oasis Garden | 3 | $91,332 | 72 | 4.97/5.0 |
| Ariel | 1 | $88,444 | 34 | 5.00/5.0 |
| Rachel | 1 | $86,209 | 24 | 5.00/5.0 |
| Mariam And Ariel | 2 | $83,262 | 95 | 5.00/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Palm Bay
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 (76.1%), with house and others properties comprising 92.1% of inventory
- Untapped potential in others, boutique & hotels, apartment & condo, outdoor & mobile segments (12.8% combined)
Room Capacity Distribution
Analysis of 251 properties in Palm Bay shows that 3 bedrooms properties are most prevalent, making up 37.8% of the market. The market tends to favor larger properties, with 3 bedrooms and 1 bedroom together representing 57.4% of all listings.
Key Insights
- Most common: 3 bedrooms (37.8%)
- Least common: 5+ bedrooms (2.4%)
- Market concentration: 57.4% in top 2 sizes
- Market skew: Favors larger properties
Guest Capacity Distribution
Analysis of 251 properties in Palm Bay reveals that 8+ guests properties dominate the market, representing 27.5% of all listings. The average property accommodates 4.8 guests, with a clear trend towards larger guest capacities. Properties accommodating 8+ guests and 6 guests make up 49.4% of the market.
Key Insights
- Most common capacity: 8+ guests (27.5% of market)
- Least common capacity: 3 guests (3.2% of market)
- Average guest capacity: 4.8 guests per property
- Market concentration: 49.4% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 251 properties in Palm Bay, the most common availability pattern is 271-366 days (34.7% of properties). For actual bookings, properties most frequently secure bookings for 91-180 days (29.1% of properties).
Key Insights
- Most common availability window: 271-366 days (34.7%)
- Most common booking duration: 91-180 days (29.1%)
- Properties with high availability (180+ days): 62.9%
- Properties with long-term bookings (180+ days): 37.5%
Minimum Stay Distributions
1 Night
78 listings
34.5% of total
2 Nights
66 listings
29.2% of total
3 Nights
32 listings
14.2% of total
4-6 Nights
21 listings
9.3% of total
7-29 Nights
11 listings
4.9% of total
30+ Nights
18 listings
8% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 63.7%
- Mid-length stays (4-6 nights) represent 9.3% of listings
- Monthly+ stays (8%) suggest a stable extended-stay market
- High market flexibility with 77.9% 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
4 listings
1.9% of total
Super Strict 60 Days
1 listings
0.5% of total
Flexible
72 listings
35% of total
Moderate
46 listings
22.3% of total
Firm
44 listings
21.4% of total
Strict
39 listings
18.9% of total
Key Insights
- Flexible is the preferred policy at 35.0% of listings
- The market shows a balanced distribution between guest-friendly (57.3%) and strict (40.3%) policies
- Strong market consensus around Flexible policies
- Super Strict 60 Days policies are least common at 0.5% of listings
Recommendations
- Market supports various policies - choose based on your property type and target guests
- Strong market preference for Flexible 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 Mar, Feb, Jan, averaging 67 days
- Shortest booking windows are in May, Sep, Aug, averaging 31 days
- Winter shows the longest average booking window at 58 days, while Fall has the shortest at 38 days
Recommendations
- Implement dynamic pricing strategies for Winter bookings at least 58 days in advance
- Consider early bird discounts during Fall to encourage longer lead times
- Focus on last-minute booking promotions during May-Aug when lead times are shortest
Popular Airbnb Amenities in Palm Bay
Every property in Palm Bay comes standard with Air conditioning. Below shows the distribution of other amenities:
Traveler Demographics
Key Insights
- Domestic travelers make up 90.9% of total guests, indicating a dominant local market share.
- Primary international markets: Canada (2.3%) and Germany (1.1%)
- English is the top language at 73.8%, followed by Spanish (18.1%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 7.0%
Recommendations
- Target marketing campaigns for Palm Bay and Melbourne markets
- Develop localized content for Canada and Germany
- 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 Palm Bay. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Sailfish Point | 20 | $22,015 | $1319.36 | 63% |
| Reunion | 11 | $8,436 | $555.22 | 48% |
| Vilano Beach | 140 | $5,482 | $394.11 | 47% |
| Melbourne Beach | 227 | $5,145 | $400.40 | 44% |
| St. Augustine Beach | 10 | $4,965 | $370.78 | 44% |
| Indialantic | 66 | $3,611 | $318.94 | 45% |
| North River Shores | 13 | $3,554 | $301.76 | 47% |
| Cocoa Beach | 915 | $3,504 | $259.86 | 48% |
| Indian Harbour Beach | 126 | $3,487 | $261.55 | 49% |
| Hammock Beach | 188 | $3,423 | $356.82 | 38% |
How is your STR performing?
Your vacation rental may be amazing, but is it better than your competition? Enjoy the best-in-class AI-powered analytics for free!
Discover Insights