Airbnb Market Analytics, Statistics and Data in City of Syracuse, 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 Syracuse? 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 Syracuse:
How much do Airbnb hosts make on average per month in City of Syracuse?
The short-term rental market in City of Syracuse 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 $1,759 per month
- Strong performing properties (top 25%) make $3,019 or more
- Best-in-class properties (top 10%) achieve $4,898+ monthly
- Entry-level properties (bottom 25%) typically earn around $881
Revenue Variations by Month
Occupancy Rates Throughout the Year in City of Syracuse
The market in City of Syracuse 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 49% occupancy rates
- Strong performing properties (top 25%) achieve 69% or higher
- Best-in-class properties (top 10%) reach 84%+occupancy
- Entry-level properties (bottom 25%) average around 28%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in City of Syracuse
Daily rates in City of Syracuse 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 $104 per night
- Strong performing properties (top 25%) secure $174 or more
- Best-in-class properties (top 10%) pull in $260+ per night
- Entry-level properties (bottom 25%) earn around $58
Daily Rate Variations by Month
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Seasonality patterns in City of Syracuse
Peak Season (August, June, July)
- Revenue peaks at $2803.36 per month
- Occupancy rates reach 62.23%
- Daily rates average $143.33
Shoulder Season
- Revenue averages $2285.41 per month
- Occupancy maintains 48.57%
- Daily rates hold at $134.85
Low Season (February, December, January)
- Revenue drops to $1429.98 per month
- Occupancy decreases to 36.66%
- Daily rates adjust to $128.44
Is it still profitable to do Airbnb in City of Syracuse in 2025?
Yes! City of Syracuse demonstrates highly seasonal trends requiring strategic adaptation, featuring a healthy occupancy rate of 49% and solid monthly revenue averaging $2285 and With 385 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 Syracuse
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| University Hill | A vibrant area close to Syracuse University, attracting students, parents, and university visitors seeking accommodation near campus events and activities. | Syracuse University, Carrier Dome, John A. Lally Center, Ernie Davis Legends Room, SUArt Galleries |
| Armory Square | A historic district known for its rich cultural landscape, featuring trendy restaurants, shops, and nightlife. It's a popular spot for young professionals and tourists. | Onondaga Historical Association, Armory Square Park, The Landmark Theatre, Restaurants and bars, Shopping boutiques |
| Westcott | A diverse and artistic neighborhood known for its alternative vibe, attracting creative individuals and those looking for unique experiences. | Westcott Theater, Local art galleries, Restaurants with local cuisine, Community events, Westcott Reservoir |
| Downtown Syracuse | The heart of the city with various attractions, appealing to tourists and business travelers. Offers easy access to dining, shopping, and entertainment. | Destiny USA, Syracuse Stage, Clinton Square, Museum of Science and Technology, The Carrier Dome |
| Lakefront | A picturesque area by the water, popular for outdoor activities and relaxation. Great for families and individuals looking for a serene environment. | Onondaga Lake Park, The Salt Museum, Bird Island, Fishing and boating activities, Scenic walking trails |
| Eastwood | A quiet suburban neighborhood that offers charm and community. Attracts families and visitors looking for a peaceful stay near the city. | Eastwood Park, Local shops and eateries, Community events, Suburban quietude, Proximity to downtown |
| Strathmore | A historic district with beautiful architecture and a tight-knit community feel. This peaceful neighborhood is perfect for those looking for a relaxing stay. | Strathmore Park, Historic homes, Walking trails, Nearby dining options, Community events |
| Syracuse Inner Harbor | An area undergoing revitalization, well-suited for visitors interested in waterfront activities and upcoming developments. Offers unique lodging options by the water. | Inner Harbor Walk, Nearby restaurants, Waterfront activities, Scenic views, Seasonal events |
Do you need a license for Airbnb in City of Syracuse?
We recommend checking directly with City of Syracuse'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 Syracuse
Charming 3 bedroom home Syracuse University 1 mile
Entire Place • 3 bedrooms
TippHill 𝒽ℴ𝓂ℯ near Destiny, Dome & Downtown
Entire Place • 5 bedrooms
Gracious 6 Bedroom Contemporary Duplex!
Entire Place • 6 bedrooms
704 - 3 Bedroom Apt In Luxury Amenity Building
Entire Place • 3 bedrooms
The Euclid
Entire Place • 3 bedrooms
Comfy & cozy 4BR minutes to SU, Hospitals, & DT
Entire Place • 4 bedrooms
Top Performing Professional Hosts in City of Syracuse
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| JackSun | 41 | $792,520 | 2597 | 4.58/5.0 |
| Jeffrey | 20 | $788,067 | 1107 | 4.90/5.0 |
| Dream Living | 29 | $448,031 | 250 | 4.82/5.0 |
| Nimo | 10 | $376,769 | 1435 | 4.75/5.0 |
| Kate | 10 | $261,487 | 299 | 4.77/5.0 |
| Allison And Stephen | 5 | $173,312 | 210 | 3.97/5.0 |
| Jennifer | 8 | $163,373 | 105 | 4.93/5.0 |
| Harrison | 3 | $160,106 | 216 | 4.92/5.0 |
| Darya | 7 | $141,902 | 623 | 4.69/5.0 |
| Paul | 9 | $121,960 | 549 | 3.83/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in City of Syracuse
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 (73%), with apartment & condo and house properties comprising 96.4% of inventory
- Untapped potential in others, boutique & hotels segments (3.7% combined)
Room Capacity Distribution
Analysis of 385 properties in City of Syracuse shows that 1 bedroom properties are most prevalent, making up 22.3% of the market. The market tends to favor smaller properties, with 1 bedroom and 2 bedrooms together representing 43.9% of all listings.
Key Insights
- Most common: 1 bedroom (22.3%)
- Least common: 5+ bedrooms (2.6%)
- Market concentration: 43.9% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 385 properties in City of Syracuse reveals that 4 guests properties dominate the market, representing 24.4% of all listings. The average property accommodates 3.4 guests, with a clear trend towards larger guest capacities. Properties accommodating 4 guests and 2 guests make up 41.8% of the market.
Key Insights
- Most common capacity: 4 guests (24.4% of market)
- Least common capacity: 5 guests (2.3% of market)
- Average guest capacity: 3.4 guests per property
- Market concentration: 41.8% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 385 properties in City of Syracuse, the most common availability pattern is 181-270 days (33.8% of properties). For actual bookings, properties most frequently secure bookings for 181-270 days (34.5% of properties).
Key Insights
- Most common availability window: 181-270 days (33.8%)
- Most common booking duration: 181-270 days (34.5%)
- Properties with high availability (180+ days): 59.0%
- Properties with long-term bookings (180+ days): 44.2%
Minimum Stay Distributions
1 Night
142 listings
39.7% of total
2 Nights
87 listings
24.3% of total
3 Nights
20 listings
5.6% of total
4-6 Nights
23 listings
6.4% of total
7-29 Nights
64 listings
17.9% of total
30+ Nights
22 listings
6.1% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 64.0%
- Mid-length stays (4-6 nights) represent 6.4% of listings
- Monthly+ stays (6.1%) suggest a stable extended-stay market
- High market flexibility with 69.6% 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
0.3% of total
Flexible
71 listings
20.1% of total
Moderate
106 listings
30% of total
Firm
50 listings
14.2% of total
Strict
125 listings
35.4% of total
Key Insights
- Strict is the preferred policy at 35.4% of listings
- The market shows a balanced distribution between guest-friendly (50.1%) and strict (49.6%) policies
- Strong market consensus around Strict policies
- Super Strict 30 Days policies are least common at 0.3% 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
- Consider generous cancellation terms as a competitive advantage
Booking Lead Time Trends
Key Insights
- Peak booking lead times occur in May, Jul, Apr, averaging 58 days
- Shortest booking windows are in Dec, Feb, Jan, averaging 33 days
- Spring shows the longest average booking window at 55 days, while Winter has the shortest at 33 days
Recommendations
- Implement dynamic pricing strategies for Spring bookings at least 55 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Dec-Jan when lead times are shortest
Popular Airbnb Amenities in City of Syracuse
Every property in City of Syracuse comes standard with Wifi. Below shows the distribution of other amenities:
Traveler Demographics
Key Insights
- Domestic travelers make up 86.9% of total guests, indicating a dominant local market share.
- Primary international markets: Canada (7.4%) and DC (1.1%)
- English is the top language at 76.5%, followed by Spanish (11.8%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 7.0%
Recommendations
- Target marketing campaigns for New York and Syracuse 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 Syracuse. 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% |
| Naples | 21 | $7,008 | $576.33 | 48% |
| Town of Otisco | 19 | $6,777 | $412.92 | 44% |
| Town of Canandaigua | 81 | $5,629 | $450.60 | 45% |
| Town of Torrey | 30 | $5,240 | $410.00 | 51% |
| Town of Pulteney | 61 | $5,217 | $438.24 | 48% |
| Town of Skaneateles | 61 | $5,128 | $467.15 | 46% |
| Town of Varick | 33 | $4,939 | $457.15 | 44% |
| Town of Fayette | 63 | $4,733 | $385.77 | 45% |
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