Airbnb Market Analytics, Statistics and Data in West Palm Beach, 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 West Palm Beach? 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 West Palm Beach:
How much do Airbnb hosts make on average per month in West Palm Beach?
The short-term rental market in West Palm Beach 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 $2,965 per month
- Strong performing properties (top 25%) make $5,260 or more
- Best-in-class properties (top 10%) achieve $8,956+ monthly
- Entry-level properties (bottom 25%) typically earn around $1,654
Revenue Variations by Month
Occupancy Rates Throughout the Year in West Palm Beach
The market in West Palm Beach 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 54% occupancy rates
- Strong performing properties (top 25%) achieve 74% or higher
- Best-in-class properties (top 10%) reach 88%+occupancy
- Entry-level properties (bottom 25%) average around 27%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in West Palm Beach
Daily rates in West Palm Beach 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 $174 per night
- Strong performing properties (top 25%) secure $290 or more
- Best-in-class properties (top 10%) pull in $482+ per night
- Entry-level properties (bottom 25%) earn around $111
Daily Rate Variations by Month
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Seasonality patterns in West Palm Beach
Peak Season (March, February, December)
- Revenue peaks at $5605.07 per month
- Occupancy rates reach 62.16%
- Daily rates average $289.65
Shoulder Season
- Revenue averages $4235.73 per month
- Occupancy maintains 51.33%
- Daily rates hold at $242.54
Low Season (July, August, September)
- Revenue drops to $2733.87 per month
- Occupancy decreases to 42.52%
- Daily rates adjust to $220.25
Is it still profitable to do Airbnb in West Palm Beach in 2025?
Yes! West Palm Beach demonstrates highly seasonal trends requiring strategic adaptation, featuring a healthy occupancy rate of 51% and strong monthly revenue averaging $4236 and As a mature market with 1171 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 (families on vacation, festival goers, adventure tourists, international visitors)
- Create targeted promotional campaigns to drive occupancy
Top Places to Start Airbnb in West Palm Beach
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Clematis Street | The heart of West Palm Beach's nightlife and entertainment scene, known for its vibrant atmosphere, dining options, and close proximity to events and festivals. | Clematis Street, West Palm Beach Waterfront, Palm Harbor Marina, CityPlace, Clematis by Night |
| Northwood | An artsy and eclectic neighborhood with a growing community of artists and unique boutiques, perfect for visitors looking for local charm and creativity. | Northwood Village, Art Galleries, Antique Shops, Northwood University, Festival of the Arts |
| Sunny Isles Beach | A picturesque beach town with stunning ocean views, attracting tourists seeking relaxation and water sports, as well as nearby upscale dining options. | Sunny Isles Beach, Oleta River State Park, Pier Park, Aventura Mall, Intracoastal Waterway |
| Palm Beach | An upscale area known for its luxury and exclusivity, appealing to wealthy tourists looking to enjoy high-end shopping and exquisite dining experiences. | Worth Avenue, The Breakers Hotel, Flagler Museum, Palm Beach Zoo, Phipps Ocean Park |
| West Palm Beach Arts District | A vibrant area dedicated to arts and culture, attracting visitors interested in theater, art shows, and cultural festivals year-round. | Kravis Center for the Performing Arts, Norton Museum of Art, Palm Beach County Convention Center, Arts Garage, Cultural Council of Palm Beach County |
| Island of Palm Beach | A wealthy community with stunning beach properties and luxurious amenities, ideal for high-end travelers seeking exclusive vacation experiences. | Lake Trail, The Bath & Tennis Club, The Everglades Club, The Royal Poinciana Plaza, Palm Beach Par 3 Golf Course |
| South End | A quieter residential area with beautiful beachfront and strong local community vibes, appealing to families and long-term visitors. | Riviera Beach, Riviera Beach Marina, Ocean Reef Park, Dune Deck Cafe, Bicentennial Park |
| Central West Palm Beach | A diverse and developing area with a mix of residential and commercial spaces, making it accessible and appealing to a variety of tourists. | West Palm Beach GreenMarket, Grandview Public Market, Meyer Amphitheater, South Florida Science Center and Aquarium, Sally's Daughters |
Do you need a license for Airbnb in West Palm Beach?
Yes, West Palm Beach requires a license for operating an Airbnb. Current market data shows 81% of active listings maintain proper licensing, confirming this requirement. Getting licensed is an essential first step before listing your property.
Top Performing Airbnb Properties in West Palm Beach
9-Room Mediterranean-Style Estate w/Pool
Private Room • 9 bedrooms
6500sf Luxe Design 8BR Mansion/Heated Pool/Cinema
Entire Place • 8 bedrooms
The Lotus House | Palm Beach Luxury Resort Living
Entire Place • 3 bedrooms
Historical Residence | Beach Proximity| Indigo Key
Entire Place • 4 bedrooms
The Citrus Cottage: 3-Unit Retreat w/ Pool, Garden
Entire Place • 5 bedrooms
Your Mediterranean escape in Palm Beach
Entire Place • 5 bedrooms
Top Performing Professional Hosts in West Palm Beach
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Katie & Lance | 22 | $2,020,874 | 747 | 4.67/5.0 |
| Rebekah | 13 | $1,571,675 | 285 | 4.56/5.0 |
| Sebastian | 22 | $1,187,243 | 2074 | 4.61/5.0 |
| The Lofts On Clematis | 33 | $1,003,244 | 954 | 4.79/5.0 |
| Krystyna | 6 | $993,087 | 323 | 4.81/5.0 |
| Michael | 19 | $887,929 | 840 | 4.87/5.0 |
| Grandview | 4 | $848,044 | 18 | 3.70/5.0 |
| Palm Beach Vacation Rentals, I | 25 | $720,437 | 210 | 3.93/5.0 |
| Anabel | 10 | $546,249 | 668 | 4.97/5.0 |
| Kyle | 11 | $489,632 | 370 | 4.78/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in West Palm Beach
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 (88.1%), with house and apartment & condo properties comprising 85.3% of inventory
- Untapped potential in others, outdoor & mobile, unique stays segments (4.6% combined)
Room Capacity Distribution
Analysis of 1,171 properties in West Palm Beach shows that 1 bedroom properties are most prevalent, making up 31.4% of the market. The market tends to favor smaller properties, with 1 bedroom and 2 bedrooms together representing 54.3% of all listings.
Key Insights
- Most common: 1 bedroom (31.4%)
- Least common: 5+ bedrooms (5.5%)
- Market concentration: 54.3% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 1,171 properties in West Palm Beach reveals that 8+ guests properties dominate the market, representing 23.7% of all listings. The average property accommodates 4.7 guests, with a clear trend towards larger guest capacities. Properties accommodating 8+ guests and 4 guests make up 45.1% of the market.
Key Insights
- Most common capacity: 8+ guests (23.7% of market)
- Least common capacity: 1 guest (1% of market)
- Average guest capacity: 4.7 guests per property
- Market concentration: 45.1% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 1,171 properties in West Palm Beach, the most common availability pattern is 271-366 days (32.5% of properties). For actual bookings, properties most frequently secure bookings for 181-270 days (27.8% of properties).
Key Insights
- Most common availability window: 271-366 days (32.5%)
- Most common booking duration: 181-270 days (27.8%)
- Properties with high availability (180+ days): 57.9%
- Properties with long-term bookings (180+ days): 44.0%
Minimum Stay Distributions
1 Night
275 listings
27% of total
2 Nights
257 listings
25.3% of total
3 Nights
160 listings
15.7% of total
4-6 Nights
103 listings
10.1% of total
7-29 Nights
103 listings
10.1% of total
30+ Nights
119 listings
11.7% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 52.3%
- Mid-length stays (4-6 nights) represent 10.1% of listings
- Monthly+ stays (11.7%) suggest a stable extended-stay market
- High market flexibility with 68.0% 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
6 listings
0.6% of total
Super Strict 30 Days
36 listings
3.7% of total
Non-refundable
2 listings
0.2% of total
Flexible
127 listings
12.9% of total
Moderate
209 listings
21.3% of total
Firm
248 listings
25.3% of total
Strict
354 listings
36% of total
Key Insights
- Strict is the preferred policy at 36.0% of listings
- Stricter policies (Firm & Strict) dominate at 61.3% of the market
- Strong market consensus around Strict policies
- Non-refundable policies are least common at 0.2% of listings
Recommendations
- The market supports stricter policies, with 61.3% 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 Feb, Mar, Jan, averaging 64 days
- Shortest booking windows are in Aug, Sep, Oct, averaging 36 days
- Winter shows the longest average booking window at 58 days, while Fall has the shortest at 39 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 Aug-Oct when lead times are shortest
Popular Airbnb Amenities in West Palm Beach
Below is the distribution of amenities across listings in West Palm Beach:
Traveler Demographics
Key Insights
- Domestic travelers make up 90.6% of total guests, indicating a dominant local market share.
- Primary international markets: Canada (2%) and United Kingdom (1.3%)
- English is the top language at 70.1%, followed by Spanish (20.9%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 6.2%
Recommendations
- Target marketing campaigns for New York and West Palm Beach 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 West Palm Beach. 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% |
| Bal Harbour Village | 33 | $11,004 | $798.77 | 45% |
| Lake Clarke Shores | 27 | $6,443 | $424.96 | 48% |
| North Bay Village | 110 | $6,084 | $513.61 | 49% |
| Pinecrest | 12 | $5,686 | $576.32 | 45% |
| 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% |
| Aventura | 286 | $4,303 | $333.81 | 48% |
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