Airbnb Market Analytics, Statistics and Data in Town 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 Town 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 Town of Ithaca:
How much do Airbnb hosts make on average per month in Town of Ithaca?
The short-term rental market in Town 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 $2,904 per month
- Strong performing properties (top 25%) make $5,752 or more
- Best-in-class properties (top 10%) achieve $9,752+ monthly
- Entry-level properties (bottom 25%) typically earn around $1,380
Revenue Variations by Month
Occupancy Rates Throughout the Year in Town of Ithaca
The market in Town 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 41% occupancy rates
- Strong performing properties (top 25%) achieve 64% or higher
- Best-in-class properties (top 10%) reach 80%+occupancy
- Entry-level properties (bottom 25%) average around 22%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Town of Ithaca
Daily rates in Town 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 $211 per night
- Strong performing properties (top 25%) secure $437 or more
- Best-in-class properties (top 10%) pull in $759+ per night
- Entry-level properties (bottom 25%) earn around $124
Daily Rate Variations by Month
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Seasonality patterns in Town of Ithaca
Peak Season (June, August, July)
- Revenue peaks at $5890.10 per month
- Occupancy rates reach 59.11%
- Daily rates average $373.47
Shoulder Season
- Revenue averages $4290.98 per month
- Occupancy maintains 43.18%
- Daily rates hold at $348.50
Low Season (February, December, January)
- Revenue drops to $1676.02 per month
- Occupancy decreases to 23.21%
- Daily rates adjust to $327.04
Is it still profitable to do Airbnb in Town of Ithaca in 2025?
Yes! Town of Ithaca demonstrates highly seasonal trends requiring strategic adaptation, featuring a growing occupancy rate of 43% and strong monthly revenue averaging $4291 and The market's 153 active listings indicate growing demand with plenty of opportunity for new properties. 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 Town of Ithaca
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Downtown Ithaca | The heart of the city, filled with restaurants, shops, and entertainment options. A prime area for tourists looking to experience Ithaca's vibrant culture and natural beauty. | Ithaca Commons, Cascadilla Gorge Trail, The State Theatre, Moosewood Restaurant, Ithaca Ale House |
| Ithaca College Area | Close to Ithaca College, this area is popular with students and their families, making it a great investment for short-term rental opportunities during school events and graduation. | Ithaca College, Buttermilk Falls State Park, Cayuga Lake, Cayuga Nature Center, Dewitt Park |
| Cornell University Area | A bustling area surrounding Cornell University, ideal for hosting visitors attending conferences or visiting students. Offers a mix of academic and recreational attractions. | Cornell University, Cornell Botanic Gardens, Johnson Museum of Art, Cornell Plantations, Beebe Lake |
| West Hill | A suburban neighborhood offering a quieter atmosphere while still being close to downtown. Attracts families and visitors looking for a peaceful retreat without straying far from the city. | Taughannock Falls State Park, Ithaca Golf Club, West Hill Park, Cayuga Lake State Park, Local wineries |
| South Hill | Known for its beautiful views and proximity to natural attractions, South Hill is great for those seeking a quieter stay while still being near Ithaca’s highlights. | Robert H. Treman State Park, Ithaca Falls, Cascadilla Park, Cayuga Lake, Hiking Trails |
| Cayuga Heights | An upscale residential area that offers a family-friendly environment with easy access to Ithaca's main attractions, perfect for longer stays. | Cayuga Lake, Local parks, Scenic views, Cayuga Heights Park, Shopping centers |
| East Hill | A vibrant community with rich history, local shops, and access to hiking trails. Attracts outdoor enthusiasts and families alike. | Hiking trails, Baker Park, East Hill Plaza, Local restaurants, Gorges State Park |
| Trumansburg | A charming village just outside Ithaca with a small-town feel and proximity to the beautiful Finger Lakes, attracting tourists looking for a quieter getaway. | Taughannock Falls, Trumansburg Shur Save Market, Local wineries, Cayuga Lake, Historic downtown |
Do you need a license for Airbnb in Town of Ithaca?
We recommend checking directly with Town 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 Town of Ithaca
Posh wine country saltbox near Cornell, IC
Entire Place • 4 bedrooms
Magical lakefront treehouse, minutes to downtown
Entire Place • 4 bedrooms
Sunrise Over Cayuga Lake
Entire Place • 3 bedrooms
Fingerlakes Pet Friendly Lakefront Cottage
Entire Place • 3 bedrooms
2 BR/2B Lake house Minutes from Town and Campus!
Entire Place • 2 bedrooms
Finger Lakes South Point Cayuga Lake Lookout
Entire Place • 4 bedrooms
Top Performing Professional Hosts in Town of Ithaca
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| JackSun | 11 | $285,211 | 495 | 4.22/5.0 |
| Dominic | 3 | $274,710 | 169 | 4.89/5.0 |
| Carolyn | 2 | $264,161 | 368 | 4.88/5.0 |
| Will | 1 | $184,429 | 47 | 4.96/5.0 |
| Nathalie | 1 | $150,769 | 139 | 4.95/5.0 |
| Anda | 2 | $136,876 | 44 | 4.92/5.0 |
| Ata | 1 | $127,260 | 206 | 4.93/5.0 |
| Brittany | 1 | $124,522 | 29 | 4.97/5.0 |
| Philip | 1 | $123,035 | 58 | 4.93/5.0 |
| Lisa And Randi | 1 | $117,731 | 134 | 4.82/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Town 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 (84.3%), with house and apartment & condo properties comprising 89.6% of inventory
- Untapped potential in others, outdoor & mobile, unique stays segments (4.7% combined)
Room Capacity Distribution
Analysis of 153 properties in Town of Ithaca shows that 3 bedrooms properties are most prevalent, making up 25.5% of the market. The market tends to favor smaller properties, with 3 bedrooms and 1 bedroom together representing 49.0% of all listings.
Key Insights
- Most common: 3 bedrooms (25.5%)
- Least common: 5+ bedrooms (3.9%)
- Market concentration: 49.0% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 153 properties in Town of Ithaca reveals that 4 guests properties dominate the market, representing 22.9% of all listings. The average property accommodates 4.5 guests, with a clear trend towards larger guest capacities. Properties accommodating 4 guests and 8+ guests make up 43.8% of the market.
Key Insights
- Most common capacity: 4 guests (22.9% of market)
- Least common capacity: 1 guest (0.7% of market)
- Average guest capacity: 4.5 guests per property
- Market concentration: 43.8% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 153 properties in Town of Ithaca, the most common availability pattern is 271-366 days (42.5% of properties). For actual bookings, properties most frequently secure bookings for 91-180 days (26.8% of properties).
Key Insights
- Most common availability window: 271-366 days (42.5%)
- Most common booking duration: 91-180 days (26.8%)
- Properties with high availability (180+ days): 69.3%
- Properties with long-term bookings (180+ days): 32.7%
Minimum Stay Distributions
1 Night
28 listings
20% of total
2 Nights
62 listings
44.3% of total
3 Nights
32 listings
22.9% of total
4-6 Nights
2 listings
1.4% of total
7-29 Nights
6 listings
4.3% of total
30+ Nights
10 listings
7.1% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 64.3%
- Mid-length stays (4-6 nights) represent 1.4% of listings
- Monthly+ stays (7.1%) suggest a stable extended-stay market
- High market flexibility with 87.2% 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
- Consider monthly stay discounts to capture the growing extended-stay market
- Implement different minimum stays for weekends vs. weekdays
Cancellation Policy Distribution
Flexible
22 listings
15.9% of total
Moderate
37 listings
26.8% of total
Firm
28 listings
20.3% of total
Strict
51 listings
37% of total
Key Insights
- Strict is the preferred policy at 37.0% of listings
- The market shows a balanced distribution between guest-friendly (42.7%) and strict (57.3%) policies
- Flexible policies are least common at 15.9% 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, Jul, averaging 99 days
- Shortest booking windows are in Mar, Dec, Feb, averaging 50 days
- Spring shows the longest average booking window at 88 days, while Winter has the shortest at 51 days
Recommendations
- Implement dynamic pricing strategies for Spring bookings at least 88 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Mar-Feb when lead times are shortest
Popular Airbnb Amenities in Town of Ithaca
Every property in Town of Ithaca comes standard with Wifi. Below shows the distribution of other amenities:
Traveler Demographics
Key Insights
- Domestic travelers make up 91% of total guests, indicating a dominant local market share.
- Primary international markets: Canada (2.9%) and DC (1.2%)
- English is the top language at 76.1%, followed by Spanish (12.1%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 6.4%
Recommendations
- Target marketing campaigns for New York and Philadelphia 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 Town 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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