Airbnb Market Analytics, Statistics and Data in City of Ithaca, New York, United States
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in City of Ithaca? 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 City of Ithaca:
How much do Airbnb hosts make on average per month in City of Ithaca?
The short-term rental market in City of Ithaca 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 $3,059 per month
- Strong performing properties (top 25%) make $4,878 or more
- Best-in-class properties (top 10%) achieve $7,708+ monthly
- Entry-level properties (bottom 25%) typically earn around $1,716
Revenue Variations by Month
Occupancy Rates Throughout the Year in City of Ithaca
The market in City of Ithaca 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 72% or higher
- Best-in-class properties (top 10%) reach 86%+occupancy
- Entry-level properties (bottom 25%) average around 31%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in City of Ithaca
Daily rates in City of Ithaca 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 $178 per night
- Strong performing properties (top 25%) secure $299 or more
- Best-in-class properties (top 10%) pull in $500+ per night
- Entry-level properties (bottom 25%) earn around $111
Daily Rate Variations by Month
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Seasonality patterns in City of Ithaca
Peak Season (June, August, May)
- Revenue peaks at $5175.11 per month
- Occupancy rates reach 66.73%
- Daily rates average $281.57
Shoulder Season
- Revenue averages $3974.97 per month
- Occupancy maintains 51.11%
- Daily rates hold at $256.15
Low Season (February, December, January)
- Revenue drops to $1967.42 per month
- Occupancy decreases to 37.00%
- Daily rates adjust to $226.24
Is it still profitable to do Airbnb in City of Ithaca in 2025?
Yes! City of Ithaca demonstrates highly seasonal trends requiring strategic adaptation, featuring a healthy occupancy rate of 51% and strong monthly revenue averaging $3975 and With 289 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 (business travelers, long-term stays, holiday visitors, event attendees, remote workers)
- Create targeted promotional campaigns to drive occupancy
Top Places to Start Airbnb in City of Ithaca
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Downtown Ithaca | The heart of the city, filled with shops, restaurants, and nightlife. It's a popular destination for tourists and students alike, providing easy access to local amenities and attractions. | Ithaca Commons, Cascadilla Gorge Trail, The Hangar Theatre, The State Theatre, Ithaca Farmers Market |
| Cornell University Campus | A prime spot for visitors attending events at Cornell or visiting students. The campus is beautiful and draws a lot of visitors year-round, especially during graduation and orientation seasons. | Cornell Botanic Gardens, Johnson Museum of Art, Lincoln Hall, Cornell University Art Museum, Sage Hall |
| Ithaca College | Home to many concerts and events, Ithaca College attracts families and friends of students. It's a vibrant area with a youthful atmosphere and various cultural offerings. | Ithaca College students' performances, Dillingham Center, Ben Light Gymnasium, Ithaca College Sports Complex, The Park |
| South Hill | A residential area with stunning views of the city and the lake. Popular among families and professionals looking for scenic Airbnb options near nature and hiking trails. | Buttermilk Falls State Park, Sciencenter, Hangar Theatre, Ithaca Falls |
| Lake Cayuga | Known for its breathtaking lake views and outdoor activities. Ideal for tourists looking for a relaxed escape while still being close to the attractions of Ithaca. | Cayuga Lake Boat Tours, Taughannock Falls State Park, Cayuga Lake Wine Trail, Lodi Point State Park |
| Northside | A quieter residential area that offers a mix of local shops and eateries. It’s ideal for tourists wanting a more laid-back experience. | Northside Park, Local breweries, Baking companies, Shops and restaurants |
| West Hill | A suburban area that gives access to nature while still being a short drive from downtown. Great for outdoor enthusiasts looking for hiking and nature-related activities. | Robert H. Treman State Park, Hiking trails, Scenic viewpoints, Swimming holes |
| East Hill | Home to many young professionals and families, East Hill offers both convenience and a community feel. It's popular for its proximity to both the university and local amenities. | East Hill Plaza, Local dining options, Parks, Public transportation access |
Do you need a license for Airbnb in City of Ithaca?
We recommend checking directly with City of Ithaca'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 City of Ithaca
Chic Mansion
Entire Place • 6 bedrooms
Historic 7 Bedroom Mansion at Fountain Place
Entire Place • 7 bedrooms
1890s Italianate - perfect for groups
Entire Place • 5 bedrooms
Walk to Campus from this Gorge-Side Historic Home
Entire Place • 4 bedrooms
Collegetown Craftsman w/ BBQ, Firepit, Hottub
Entire Place • 4 bedrooms
Inlet Gem: Celebrate & Rejuvenate
Entire Place • 3 bedrooms
Top Performing Professional Hosts in City of Ithaca
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| JackSun | 24 | $765,555 | 1536 | 4.46/5.0 |
| Hadi | 13 | $628,209 | 2031 | 4.64/5.0 |
| Christy | 6 | $411,945 | 631 | 4.89/5.0 |
| Diane | 5 | $403,357 | 124 | 4.85/5.0 |
| Jenna | 7 | $401,929 | 205 | 4.90/5.0 |
| Isabel & Zac | 3 | $369,612 | 605 | 4.98/5.0 |
| Sarah | 6 | $313,013 | 759 | 4.94/5.0 |
| Ryan | 4 | $291,659 | 237 | 4.93/5.0 |
| 52318120 | 1 | $182,214 | 26 | 4.92/5.0 |
| Yuan | 2 | $151,026 | 134 | 4.96/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in City of Ithaca
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 (80.3%), with house and apartment & condo properties comprising 93.4% of inventory
- Untapped potential in boutique & hotels, others segments (6.6% combined)
Room Capacity Distribution
Analysis of 289 properties in City of Ithaca shows that 1 bedroom properties are most prevalent, making up 34.3% 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 (34.3%)
- Least common: 5+ bedrooms (3.5%)
- Market concentration: 54.3% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 289 properties in City of Ithaca reveals that 4 guests properties dominate the market, representing 22.5% of all listings. The average property accommodates 4.1 guests, with a clear trend towards larger guest capacities. Properties accommodating 4 guests and 8+ guests make up 38.1% of the market.
Key Insights
- Most common capacity: 4 guests (22.5% of market)
- Least common capacity: 1 guest (2.4% of market)
- Average guest capacity: 4.1 guests per property
- Market concentration: 38.1% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 289 properties in City of Ithaca, the most common availability pattern is 91-180 days (34.9% of properties). For actual bookings, properties most frequently secure bookings for 181-270 days (35.3% of properties).
Key Insights
- Most common availability window: 91-180 days (34.9%)
- Most common booking duration: 181-270 days (35.3%)
- Properties with high availability (180+ days): 53.3%
- Properties with long-term bookings (180+ days): 48.4%
Minimum Stay Distributions
1 Night
70 listings
26.8% of total
2 Nights
116 listings
44.4% of total
3 Nights
38 listings
14.6% of total
4-6 Nights
7 listings
2.7% of total
7-29 Nights
17 listings
6.5% of total
30+ Nights
13 listings
5% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 71.2%
- Mid-length stays (4-6 nights) represent 2.7% of listings
- Monthly+ stays (5%) suggest a stable extended-stay market
- High market flexibility with 85.8% 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
Flexible
32 listings
12.2% of total
Moderate
79 listings
30.2% of total
Firm
65 listings
24.8% of total
Strict
86 listings
32.8% of total
Key Insights
- Strict is the preferred policy at 32.8% of listings
- The market shows a balanced distribution between guest-friendly (42.4%) and strict (57.6%) policies
- Strong market consensus around Strict policies
- Flexible policies are least common at 12.2% of listings
Recommendations
- Market supports various policies - choose based on your property type and target guests
- Strong market preference for Strict policies suggests this should be your baseline
Booking Lead Time Trends
Key Insights
- Peak booking lead times occur in May, Jun, Aug, averaging 83 days
- Shortest booking windows are in Jan, Mar, Feb, averaging 36 days
- Summer shows the longest average booking window at 70 days, while Winter has the shortest at 41 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 70 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Jan-Feb when lead times are shortest
Popular Airbnb Amenities in City of Ithaca
Below is the distribution of amenities across listings in City of Ithaca:
Traveler Demographics
Key Insights
- Domestic travelers make up 89% of total guests, indicating a dominant local market share.
- Primary international markets: Canada (2.9%) and DC (1.7%)
- English is the top language at 70.6%, followed by Spanish (12.6%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 5.8%
Recommendations
- Target marketing campaigns for New York and Rochester markets
- Develop localized content for Canada and DC
- 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 City of Ithaca. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Rushville | 14 | $7,527 | $676.66 | 49% |
| Town of Trenton | 12 | $7,399 | $414.17 | 52% |
| Berlin Township | 15 | $7,352 | $702.39 | 35% |
| Naples | 21 | $7,008 | $576.33 | 48% |
| Penn Estates | 63 | $6,814 | $397.95 | 49% |
| Town of Otisco | 19 | $6,777 | $412.92 | 44% |
| Foster Township | 20 | $6,367 | $410.97 | 39% |
| Stroud Township | 126 | $6,313 | $429.12 | 44% |
| Mount Pocono | 20 | $5,631 | $457.84 | 43% |
| Town of Canandaigua | 81 | $5,629 | $450.60 | 45% |
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