Airbnb Market Analytics, Statistics and Data in Spirit Lake, Iowa, United States
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Spirit Lake? 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 Spirit Lake:
How much do Airbnb hosts make on average per month in Spirit Lake?
The short-term rental market in Spirit Lake 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 $2,335 per month
- Strong performing properties (top 25%) make $4,588 or more
- Best-in-class properties (top 10%) achieve $8,258+ monthly
- Entry-level properties (bottom 25%) typically earn around $1,177
Revenue Variations by Month
Occupancy Rates Throughout the Year in Spirit Lake
The market in Spirit Lake 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 27% occupancy rates
- Strong performing properties (top 25%) achieve 45% or higher
- Best-in-class properties (top 10%) reach 68%+occupancy
- Entry-level properties (bottom 25%) average around 17%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Spirit Lake
Daily rates in Spirit Lake 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 $258 per night
- Strong performing properties (top 25%) secure $382 or more
- Best-in-class properties (top 10%) pull in $632+ per night
- Entry-level properties (bottom 25%) earn around $151
Daily Rate Variations by Month
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Seasonality patterns in Spirit Lake
Peak Season (July, June, August)
- Revenue peaks at $6748.56 per month
- Occupancy rates reach 60.94%
- Daily rates average $334.86
Shoulder Season
- Revenue averages $3587.23 per month
- Occupancy maintains 33.67%
- Daily rates hold at $306.27
Low Season (November, December, January)
- Revenue drops to $1620.95 per month
- Occupancy decreases to 17.10%
- Daily rates adjust to $278.47
Is it still profitable to do Airbnb in Spirit Lake in 2025?
Yes! Spirit Lake demonstrates highly seasonal trends requiring strategic adaptation, featuring a growing occupancy rate of 34% and strong monthly revenue averaging $3587 and With 96 active listings, this emerging market offers significant first-mover advantages. 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 Spirit Lake
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| East Lake Okoboji | A popular vacation destination known for its beautiful lakeside views, water sports, and vibrant community. Perfect for families and tourists looking to enjoy outdoor activities and scenic beauty. | East Lake Okoboji, Okoboji Summer Theatre, Bicycle Trails, Water Sports, Parks and Beaches |
| West Lake Okoboji | Home to upscale resorts and charming cabins, this area attracts visitors looking for a luxurious getaway by the lake. Ideal for those interested in fishing, boating, and lakeside dining. | West Lake Okoboji, Brooks Golf Club, Fishing and Boating, Lakefront Restaurants |
| Spirit Lake Town Center | The heart of Spirit Lake, offering dining, shopping, and entertainment options. A great hub for tourists wanting to explore local culture and amenities. | Spirit Lake City Park, Shopping District, Local Restaurants, Community Events |
| Arnolds Park | Known for its amusement park and family-friendly activities, this area is ideal for attracting families and groups looking for fun and entertainment. | Arnolds Park Amusement Park, The Reeds at Arnold's Park, Boating and Water Sports |
| Okoboji | A charming lakeside community known for its summer tourism, offering numerous outdoor activities and events. Great for attracting visitors seeking a classic lakeside experience. | Okoboji Summer Theatre, Okoboji Lakeside Inn, Fishing, Boating |
| Lake Park | A less crowded area near the lakes, perfect for those seeking tranquility while still having access to the scenic nature and outdoor activities that the lakes provide. | Parks and Trails, Scenic Views, Hiking and Biking |
| Dickens | A small town offering a peaceful retreat with access to local charm and nearby lakes. Attractive for tourists wanting a quiet, rural experience while being close to the action of the larger lakes. | Local Shops, Community Events, Nature Trails |
| Milford | This town provides a balance of small-town charm and proximity to larger attractions. Ideal for visitors seeking both relaxation and accessibility to lake activities. | Milford Recreation Trails, Shopping and Dining, Local Festivals |
Do you need a license for Airbnb in Spirit Lake?
We recommend checking directly with Spirit Lake'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 Spirit Lake
Lakefront 4BR 4 BA Luxurious Bungalow
Entire Place • 4 bedrooms
East Lake Okoboji House! Hot Tub!
Entire Place • 6 bedrooms
Shalom House on the Lake
Entire Place • 6 bedrooms
Private Okoboji Lakefront House - Newly remodeled
Entire Place • 4 bedrooms
Cabin Getaway on Big Spirit Lake
Entire Place • 3 bedrooms
Quiet home on the lake
Entire Place • 4 bedrooms
Top Performing Professional Hosts in Spirit Lake
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Lutheran Lakeside | 19 | $294,557 | 257 | 4.79/5.0 |
| Cara | 7 | $158,523 | 22 | 3.26/5.0 |
| The Oakwood Inn | 9 | $149,107 | 91 | 4.99/5.0 |
| Danielle | 1 | $126,751 | 13 | 5.00/5.0 |
| Abby | 1 | $124,580 | 10 | 5.00/5.0 |
| Adam | 1 | $78,148 | 12 | 4.58/5.0 |
| Evolve | 3 | $74,545 | 15 | 3.08/5.0 |
| Lexi | 1 | $73,716 | 8 | 4.88/5.0 |
| Jeremy | 2 | $72,302 | 131 | 4.92/5.0 |
| John | 1 | $72,296 | 10 | 5.00/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Spirit Lake
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 (90.6%), with house and outdoor & mobile properties comprising 81.3% of inventory
- Strong specialty sector (32.3%) combining boutique hotels, unique stays, and outdoor accommodations indicates market maturity and premium opportunities
- Untapped potential in unique stays segments (1.0% combined)
Room Capacity Distribution
Analysis of 96 properties in Spirit Lake shows that 4 bedrooms properties are most prevalent, making up 27.1% of the market. The market tends to favor larger properties, with 4 bedrooms and 1 bedroom together representing 50.0% of all listings.
Key Insights
- Most common: 4 bedrooms (27.1%)
- Least common: 5+ bedrooms (7.3%)
- Market concentration: 50.0% in top 2 sizes
- Market skew: Favors larger properties
Guest Capacity Distribution
Analysis of 96 properties in Spirit Lake reveals that 8+ guests properties dominate the market, representing 65.6% of all listings. The average property accommodates 6.8 guests, with a clear trend towards larger guest capacities. Properties accommodating 8+ guests and 6 guests make up 79.2% of the market.
Key Insights
- Most common capacity: 8+ guests (65.6% of market)
- Least common capacity: 3 guests (2.1% of market)
- Average guest capacity: 6.8 guests per property
- Market concentration: 79.2% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 96 properties in Spirit Lake, the most common availability pattern is 271-366 days (65.6% of properties). For actual bookings, properties most frequently secure bookings for 31-90 days (46.9% of properties).
Key Insights
- Most common availability window: 271-366 days (65.6%)
- Most common booking duration: 31-90 days (46.9%)
- Properties with high availability (180+ days): 92.7%
- Properties with long-term bookings (180+ days): 7.3%
Minimum Stay Distributions
1 Night
13 listings
15.5% of total
2 Nights
46 listings
54.8% of total
3 Nights
15 listings
17.9% of total
4-6 Nights
7 listings
8.3% of total
7-29 Nights
1 listings
1.2% of total
30+ Nights
2 listings
2.4% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 70.3%
- Mid-length stays (4-6 nights) represent 8.3% of listings
- Monthly+ stays (2.4%) suggest a stable extended-stay market
- High market flexibility with 88.2% 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
- Implement different minimum stays for weekends vs. weekdays
Cancellation Policy Distribution
Super Strict 30 Days
14 listings
17.1% of total
Flexible
6 listings
7.3% of total
Moderate
26 listings
31.7% of total
Firm
18 listings
22% of total
Strict
18 listings
22% of total
Key Insights
- Moderate is the preferred policy at 31.7% of listings
- The market shows a balanced distribution between guest-friendly (39.0%) and strict (44.0%) policies
- Strong market consensus around Moderate policies
- Flexible policies are least common at 7.3% of listings
Recommendations
- Market supports various policies - choose based on your property type and target guests
- Strong market preference for Moderate policies suggests this should be your baseline
Booking Lead Time Trends
Key Insights
- Peak booking lead times occur in Nov, Jul, Jun, averaging 138 days
- Shortest booking windows are in Mar, Feb, Dec, averaging 54 days
- Fall shows the longest average booking window at 126 days, while Winter has the shortest at 59 days
Recommendations
- Implement dynamic pricing strategies for Fall bookings at least 126 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Mar-Dec when lead times are shortest
Popular Airbnb Amenities in Spirit Lake
Below is the distribution of amenities across listings in Spirit Lake:
Traveler Demographics
Key Insights
- Domestic travelers make up 99.2% of total guests, indicating a dominant local market share.
- Primary international markets: Canada (0.3%) and France (0.3%)
- English is the top language at 85.6%, followed by Spanish (10.2%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 11.4%
Recommendations
- Target marketing campaigns for Omaha and Lincoln markets
- Develop localized content for Canada and France
- 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 Spirit Lake. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Arnolds Park | 167 | $3,198 | $354.30 | 39% |
| Marshall | 11 | $2,498 | $158.93 | 50% |
| Storm Lake | 11 | $2,441 | $191.38 | 42% |
| Wahpeton | 12 | $2,261 | $326.92 | 30% |
| Brookings | 14 | $2,249 | $152.70 | 46% |
| Okoboji | 14 | $2,162 | $292.96 | 37% |
| Sioux Center | 24 | $2,160 | $137.66 | 52% |
| Orleans | 14 | $2,155 | $324.01 | 40% |
| Vermillion | 14 | $2,051 | $174.82 | 33% |
| New Ulm | 20 | $1,978 | $143.62 | 42% |
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