Airbnb Market Analytics, Statistics and Data in Village of Lake Placid, 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 Village of Lake Placid? 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 Village of Lake Placid:
How much do Airbnb hosts make on average per month in Village of Lake Placid?
The short-term rental market in Village of Lake Placid 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 $3,520 per month
- Strong performing properties (top 25%) make $6,409 or more
- Best-in-class properties (top 10%) achieve $10,144+ monthly
- Entry-level properties (bottom 25%) typically earn around $1,881
Revenue Variations by Month
Occupancy Rates Throughout the Year in Village of Lake Placid
The market in Village of Lake Placid 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 32% occupancy rates
- Strong performing properties (top 25%) achieve 49% or higher
- Best-in-class properties (top 10%) reach 70%+occupancy
- Entry-level properties (bottom 25%) average around 20%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Village of Lake Placid
Daily rates in Village of Lake Placid 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 $327 per night
- Strong performing properties (top 25%) secure $476 or more
- Best-in-class properties (top 10%) pull in $707+ per night
- Entry-level properties (bottom 25%) earn around $231
Daily Rate Variations by Month
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Seasonality patterns in Village of Lake Placid
Peak Season (July, August, February)
- Revenue peaks at $7852.02 per month
- Occupancy rates reach 59.66%
- Daily rates average $432.44
Shoulder Season
- Revenue averages $4852.97 per month
- Occupancy maintains 36.75%
- Daily rates hold at $398.94
Low Season (September, April, November)
- Revenue drops to $3389.88 per month
- Occupancy decreases to 23.80%
- Daily rates adjust to $375.92
Is it still profitable to do Airbnb in Village of Lake Placid in 2025?
Yes! Village of Lake Placid demonstrates highly seasonal trends requiring strategic adaptation, featuring a growing occupancy rate of 37% and strong monthly revenue averaging $4853 and With 409 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 (spring breakers, nature enthusiasts, conference attendees, couples)
- Create targeted promotional campaigns to drive occupancy
Top Places to Start Airbnb in Village of Lake Placid
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Mirror Lake | A picturesque spot that offers breathtaking views and easy access to outdoor activities like kayaking, fishing, and hiking. It's a popular area for tourists who want to enjoy the beauty of nature while being close to local amenities. | Mirror Lake, Lake Placid Olympic Museum, Boat tours, Water sports rentals, Hiking trails |
| Main Street | The heart of Lake Placid, featuring shops, restaurants, and bars. This area attracts tourists looking for dining, shopping, and entertainment, making it ideal for short-term rentals. | Local shops, Restored Olympic sites, Dining options, Cafes, Nightlife spots |
| Whiteface Mountain | Known for skiing and other winter sports, Whiteface Mountain is a prime location for tourists during winter months. Summer activities like hiking and mountain biking also attract visitors year-round. | Whiteface Mountain Ski Resort, Summit of Whiteface, Scenic views, Mountain biking trails |
| Adirondack Park | A vast natural area offering hiking, camping, and outdoor adventures, it draws nature enthusiasts and those looking to escape city life. Hosting here appeals to those seeking solitude and nature. | Hiking trails, Camping areas, Wildlife watching, Scenic drives |
| Lake Placid North Elba | A family-friendly neighborhood with parks and recreational facilities. This area is attractive for families visiting or living in Lake Placid who want convenience and access to outdoor activities. | Parks, Recreational facilities, Community events, Biking paths |
| Lake Placid Golf Course | Offering beautiful scenic views and well-maintained greens, this area is popular among golf enthusiasts and those seeking a laid-back lifestyle. Perfect for vacation rentals in the summer. | Golfing, Scenic views, Dining at the clubhouse |
| Beaver River | A serene area known for its quiet and natural beauty. It's popular with visitors looking for a peaceful retreat away from the bustle of busy tourist areas, ideal for nature lovers. | Fishing, Kayaking, Wildlife spotting, Nature trails |
| High Peaks Region | Renowned for its challenging hiking trails and stunning views, it's popular with outdoor lovers and hikers. This area attracts adventure-seekers aiming to explore the best of the Adirondacks. | Mount Marcy, Hiking trails, Scenic views, Outdoor adventures |
Do you need a license for Airbnb in Village of Lake Placid?
We recommend checking directly with Village of Lake Placid'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 Village of Lake Placid
Masterpiece WATERFRONT 6 bedrooms perfect LOCATION
Entire Place • 6 bedrooms
High Peaks Gathering Place
Entire Place • 8 bedrooms
15 minutes to Whiteface Ski & Gorgeous Lake Views
Entire Place • 4 bedrooms
Luxury Mansion - 2 mins to Main St + Lake Placid
Entire Place • 6 bedrooms
Marcy/Giant-Placid Peaks House
Entire Place • 6 bedrooms
Luxury Lodge, Mtn Views, Walk to Village
Entire Place • 5 bedrooms
Top Performing Professional Hosts in Village of Lake Placid
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Adirondack Premier Properties | 36 | $1,827,962 | 1042 | 4.40/5.0 |
| Vacation Rental | 19 | $1,194,338 | 258 | 2.77/5.0 |
| Yuri + Jess | 9 | $699,651 | 538 | 4.89/5.0 |
| Angela | 8 | $599,616 | 1866 | 4.97/5.0 |
| Kevin | 3 | $478,337 | 178 | 4.88/5.0 |
| Gary | 17 | $430,439 | 202 | 3.12/5.0 |
| Tom | 4 | $410,827 | 404 | 4.95/5.0 |
| Mike | 5 | $365,254 | 67 | 4.93/5.0 |
| Aljo | 13 | $325,390 | 474 | 4.32/5.0 |
| Sherri | 9 | $317,006 | 685 | 4.80/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Village of Lake Placid
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 (91.4%), with apartment & condo and house properties comprising 90.2% of inventory
- Untapped potential in outdoor & mobile, others segments (2.4% combined)
Room Capacity Distribution
Analysis of 409 properties in Village of Lake Placid shows that 2 bedrooms properties are most prevalent, making up 29.6% of the market. The market tends to favor smaller properties, with 2 bedrooms and 3 bedrooms together representing 52.3% of all listings.
Key Insights
- Most common: 2 bedrooms (29.6%)
- Least common: 4 bedrooms (11.7%)
- Market concentration: 52.3% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 409 properties in Village of Lake Placid reveals that 8+ guests properties dominate the market, representing 41.1% of all listings. The average property accommodates 5.8 guests, with a clear trend towards larger guest capacities. Properties accommodating 8+ guests and 4 guests make up 59.9% of the market.
Key Insights
- Most common capacity: 8+ guests (41.1% of market)
- Least common capacity: 7 guests (2.4% of market)
- Average guest capacity: 5.8 guests per property
- Market concentration: 59.9% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 409 properties in Village of Lake Placid, the most common availability pattern is 271-366 days (41.3% of properties). For actual bookings, properties most frequently secure bookings for 91-180 days (39.4% of properties).
Key Insights
- Most common availability window: 271-366 days (41.3%)
- Most common booking duration: 91-180 days (39.4%)
- Properties with high availability (180+ days): 80.7%
- Properties with long-term bookings (180+ days): 21.5%
Minimum Stay Distributions
1 Night
68 listings
17.7% of total
2 Nights
159 listings
41.3% of total
3 Nights
69 listings
17.9% of total
4-6 Nights
25 listings
6.5% of total
7-29 Nights
4 listings
1% of total
30+ Nights
60 listings
15.6% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 59.0%
- Mid-length stays (4-6 nights) represent 6.5% of listings
- Monthly+ stays (15.6%) suggest a stable extended-stay market
- High market flexibility with 76.9% 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
19 listings
5.2% of total
Refundable
1 listings
0.3% of total
Flexible
14 listings
3.8% of total
Moderate
52 listings
14.2% of total
Firm
66 listings
18% of total
Strict
215 listings
58.6% of total
Key Insights
- Strict is the preferred policy at 58.6% of listings
- Stricter policies (Firm & Strict) dominate at 76.6% of the market
- Strong market consensus around Strict policies
- Refundable policies are least common at 0.3% of listings
Recommendations
- The market supports stricter policies, with 76.6% 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 Jul, Apr, Jun, averaging 112 days
- Shortest booking windows are in Nov, Jan, Oct, averaging 58 days
- Summer shows the longest average booking window at 104 days, while Fall has the shortest at 63 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 104 days in advance
- Consider early bird discounts during Fall to encourage longer lead times
- Focus on last-minute booking promotions during Nov-Oct when lead times are shortest
Popular Airbnb Amenities in Village of Lake Placid
Every property in Village of Lake Placid comes standard with Wifi. Below shows the distribution of other amenities:
Traveler Demographics
Key Insights
- Domestic travelers make up 89.4% of total guests, indicating a dominant local market share.
- Primary international markets: Canada (8.1%) and DC (0.6%)
- English is the top language at 77.8%, followed by French (9%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 4.6%
Recommendations
- Target marketing campaigns for New York and Rochester markets
- Develop localized content for Canada and DC
- Prioritize English and French 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 Village of Lake Placid. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Middletown Springs | 11 | $8,930 | $561.90 | 38% |
| Fort Ann | 26 | $6,226 | $760.85 | 39% |
| Stony Creek | 11 | $5,934 | $497.96 | 43% |
| Pomfret | 15 | $5,871 | $468.18 | 51% |
| Mille-Isles | 93 | $5,433 | $443.07 | 41% |
| Hanover | 25 | $5,431 | $761.11 | 37% |
| Malletts Bay | 49 | $5,294 | $426.36 | 47% |
| Cornwall | 20 | $5,089 | $359.92 | 51% |
| Piseco | 10 | $4,935 | $325.81 | 48% |
| Saint-Denis-de-Brompton | 29 | $4,883 | $390.45 | 35% |
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