Airbnb Market Analytics, Statistics and Data in Narragansett, Rhode Island, United States
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Narragansett? 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 Narragansett:
How much do Airbnb hosts make on average per month in Narragansett?
The short-term rental market in Narragansett 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 $4,864 per month
- Strong performing properties (top 25%) make $8,380 or more
- Best-in-class properties (top 10%) achieve $14,382+ monthly
- Entry-level properties (bottom 25%) typically earn around $2,555
Revenue Variations by Month
Occupancy Rates Throughout the Year in Narragansett
The market in Narragansett 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 38% occupancy rates
- Strong performing properties (top 25%) achieve 59% or higher
- Best-in-class properties (top 10%) reach 75%+occupancy
- Entry-level properties (bottom 25%) average around 22%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Narragansett
Daily rates in Narragansett 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 $393 per night
- Strong performing properties (top 25%) secure $521 or more
- Best-in-class properties (top 10%) pull in $752+ per night
- Entry-level properties (bottom 25%) earn around $296
Daily Rate Variations by Month
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Seasonality patterns in Narragansett
Peak Season (July, August, September)
- Revenue peaks at $11053.00 per month
- Occupancy rates reach 65.39%
- Daily rates average $479.94
Shoulder Season
- Revenue averages $6549.35 per month
- Occupancy maintains 40.85%
- Daily rates hold at $452.17
Low Season (February, December, January)
- Revenue drops to $3133.39 per month
- Occupancy decreases to 19.55%
- Daily rates adjust to $430.95
Is it still profitable to do Airbnb in Narragansett in 2025?
Yes! Narragansett demonstrates highly seasonal trends requiring strategic adaptation, featuring a growing occupancy rate of 41% and strong monthly revenue averaging $6549 and As a mature market with 541 active listings, there's strong demand despite the competition. 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 Narragansett
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Narragansett Town Beach | Popular with families and beachgoers, this area offers beautiful sandy beaches and a chill atmosphere, making it a prime location for vacation rentals. | Narragansett Town Beach, Galilee, Point Judith Lighthouse, Scarborough Beach, Roger W. Wheeler State Beach |
| Point Judith | A picturesque coastal community known for its fishing industry and stunning ocean views. It's a great spot for those looking to enjoy fresh seafood and beach activities. | Point Judith Lighthouse, Salty Brine State Beach, Galilee, Fishermen's Memorial State Park, Fishers Island |
| Scarborough Beach | Renowned for its scenic beauty and family-friendly ambiance, Scarborough Beach attracts tourists looking for a calm beach experience with nearby amenities. | Scarborough Beach, State Beach, Scarborough State Beach North, Narragansett Bay, Narragansett Surf School |
| East Matunuck | A charming residential area with beach access and local eateries. Ideal for visitors wanting a quieter beach experience while still being close to attractions. | East Matunuck State Beach, Matunuck Oyster Bar, The Theatre by the Sea, Fishing off the Matunuck Beach |
| Kingston | Home to the University of Rhode Island, Kingston is bustling with students and visitors year-round. Great for rental options catering to college crowds. | University of Rhode Island, Ryan Center, Kingston Village, Historic Kingston, local restaurants and cafes |
| Galilee | A working waterfront community known for its seafood restaurants and scenic harbor views. Attracts visitors interested in maritime activities and dining. | Galilee State Beach, The Block Island Ferry, Fishermen's Memorial State Park, Seafood Restaurants, Water activities |
| Great Salt Pond | Known for its natural beauty and water activities, Great Salt Pond is perfect for boaters and nature enthusiasts, offering a serene getaway. | Great Salt Pond, Marina services, Kayaking and Paddleboarding, Nature Trails, Birdwatching |
| Narragansett Pier | A historic and lively area with quaint shops, cafes, and a beautiful shoreline. Great for those wanting a mix of culture and easy beach access. | Narragansett Pier, The Towers, Restaurants and Shops, Narragansett Carousel, Live Music Venues |
Do you need a license for Airbnb in Narragansett?
Yes, Narragansett requires a license for operating an Airbnb. Current market data shows 62% of active listings maintain proper licensing, confirming this requirement. Getting licensed is an essential first step before listing your property.
Top Performing Airbnb Properties in Narragansett
The Aquarius Narragansett, RI Waterfront Property
Entire Place • 4 bedrooms
The "Idea House" From the TV Series This Old House
Entire Place • 5 bedrooms
Celebrate the holidays in beautiful Narragansett!
Entire Place • 8 bedrooms
Experience Paradise! Stunning Beachfront Retreat!
Entire Place • 4 bedrooms
Oversized NEW Build | 7BD/5BA ~ walk to beach
Entire Place • 7 bedrooms
Multi-Deck views of Scarborough, walk to the Beac
Entire Place • 9 bedrooms
Top Performing Professional Hosts in Narragansett
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Karisa | 96 | $3,197,118 | 605 | 3.61/5.0 |
| Gregg | 10 | $1,049,654 | 281 | 4.88/5.0 |
| Darius | 5 | $855,097 | 186 | 4.88/5.0 |
| Joan | 10 | $532,241 | 299 | 4.54/5.0 |
| Jonathan | 5 | $478,727 | 185 | 4.79/5.0 |
| Kaitlin | 3 | $458,550 | 52 | 4.99/5.0 |
| Danielle | 3 | $329,185 | 81 | 4.49/5.0 |
| Sunrise Properties | 10 | $319,375 | 35 | 1.45/5.0 |
| Evolve | 9 | $313,611 | 225 | 4.14/5.0 |
| AMPM Property Management | 6 | $309,788 | 216 | 4.86/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Narragansett
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 (97.6%), with house and apartment & condo properties comprising 97.8% of inventory
- Untapped potential in others, outdoor & mobile, boutique & hotels segments (2.2% combined)
Room Capacity Distribution
Analysis of 541 properties in Narragansett shows that 3 bedrooms properties are most prevalent, making up 29.2% of the market. The market tends to favor larger properties, with 3 bedrooms and 4 bedrooms together representing 54.5% of all listings.
Key Insights
- Most common: 3 bedrooms (29.2%)
- Least common: 1 bedroom (5%)
- Market concentration: 54.5% in top 2 sizes
- Market skew: Favors larger properties
Guest Capacity Distribution
Analysis of 541 properties in Narragansett reveals that 8+ guests properties dominate the market, representing 56.7% of all listings. The average property accommodates 6.7 guests, with a clear trend towards larger guest capacities. Properties accommodating 8+ guests and 6 guests make up 77.1% of the market.
Key Insights
- Most common capacity: 8+ guests (56.7% of market)
- Least common capacity: 3 guests (0.6% of market)
- Average guest capacity: 6.7 guests per property
- Market concentration: 77.1% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 541 properties in Narragansett, the most common availability pattern is 271-366 days (51.8% of properties). For actual bookings, properties most frequently secure bookings for 91-180 days (44.7% of properties).
Key Insights
- Most common availability window: 271-366 days (51.8%)
- Most common booking duration: 91-180 days (44.7%)
- Properties with high availability (180+ days): 94.3%
- Properties with long-term bookings (180+ days): 6.3%
Minimum Stay Distributions
1 Night
28 listings
5.7% of total
2 Nights
109 listings
22.2% of total
3 Nights
105 listings
21.4% of total
4-6 Nights
75 listings
15.3% of total
7-29 Nights
152 listings
31% of total
30+ Nights
21 listings
4.3% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 27.9%
- Mid-length stays (4-6 nights) represent 15.3% of listings
- Monthly+ stays (4.3%) suggest a stable extended-stay market
- High market flexibility with 49.3% 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 60 Days
5 listings
1% of total
Super Strict 30 Days
9 listings
1.9% of total
Flexible
28 listings
5.9% of total
Moderate
57 listings
11.9% of total
Firm
188 listings
39.4% of total
Strict
190 listings
39.8% of total
Key Insights
- Strict is the preferred policy at 39.8% of listings
- Stricter policies (Firm & Strict) dominate at 79.2% of the market
- Strong market consensus around Strict policies
- Super Strict 60 Days policies are least common at 1.0% of listings
Recommendations
- The market supports stricter policies, with 79.2% 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 May, Jul, Apr, averaging 144 days
- Shortest booking windows are in Dec, Mar, Feb, averaging 39 days
- Summer shows the longest average booking window at 122 days, while Winter has the shortest at 42 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 122 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Dec-Feb when lead times are shortest
Popular Airbnb Amenities in Narragansett
Below is the distribution of amenities across listings in Narragansett:
Traveler Demographics
Key Insights
- Domestic travelers make up 97.2% of total guests, indicating a dominant local market share.
- Primary international markets: DC (1.1%) and Canada (0.6%)
- English is the top language at 81.6%, followed by Spanish (10.2%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 6.5%
Recommendations
- Target marketing campaigns for New York and Boston markets
- Develop localized content for DC and Canada
- 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 Narragansett. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Milford | 11 | $7,203 | $539.76 | 62% |
| Nantucket | 560 | $6,766 | $978.35 | 41% |
| Town of East Hampton | 1,437 | $6,201 | $979.48 | 37% |
| Town of Southampton | 1,323 | $6,085 | $961.78 | 36% |
| Middletown | 381 | $5,774 | $551.70 | 45% |
| Manchester-by-the-Sea | 14 | $5,528 | $467.31 | 53% |
| Westminster | 11 | $5,502 | $390.76 | 57% |
| Scituate | 84 | $5,295 | $535.40 | 48% |
| Barrington | 33 | $5,294 | $463.23 | 47% |
| Nahant | 19 | $5,185 | $530.23 | 46% |
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