Airbnb Market Analytics, Statistics and Data in Milford, South Central Connecticut Planning Region, United States
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Milford? 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 Milford:
How much do Airbnb hosts make on average per month in Milford?
The short-term rental market in Milford 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 $4,471 per month
- Strong performing properties (top 25%) make $7,491 or more
- Best-in-class properties (top 10%) achieve $11,355+ monthly
- Entry-level properties (bottom 25%) typically earn around $2,551
Revenue Variations by Month
Occupancy Rates Throughout the Year in Milford
The market in Milford 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 70% or higher
- Best-in-class properties (top 10%) reach 86%+occupancy
- Entry-level properties (bottom 25%) average around 28%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Milford
Daily rates in Milford 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 $279 per night
- Strong performing properties (top 25%) secure $418 or more
- Best-in-class properties (top 10%) pull in $630+ per night
- Entry-level properties (bottom 25%) earn around $188
Daily Rate Variations by Month
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Seasonality patterns in Milford
Peak Season (August, July, June)
- Revenue peaks at $8427.33 per month
- Occupancy rates reach 67.51%
- Daily rates average $370.80
Shoulder Season
- Revenue averages $5632.28 per month
- Occupancy maintains 49.32%
- Daily rates hold at $334.11
Low Season (November, December, January)
- Revenue drops to $2969.63 per month
- Occupancy decreases to 37.15%
- Daily rates adjust to $309.07
Is it still profitable to do Airbnb in Milford in 2025?
Yes! Milford demonstrates highly seasonal trends requiring strategic adaptation, featuring a healthy occupancy rate of 49% and strong monthly revenue averaging $5632 and The market's 172 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 Milford
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Downtown Milford | The heart of Milford with vibrant shops, eateries, and access to the waterfront. Attractive to visitors for its charm and convenience. | Milford Harbor, Milford Green, Shoppers Village, Dog Park Beach, Milford Arts Council Gallery |
| Silver Sands State Park | A beautiful coastal state park with sandy beaches and hiking trails. Ideal for nature lovers and beachgoers looking for a relaxing getaway. | Silver Sands Beach, Boardwalk, Nature Trails, Fishing Areas, Picnic Areas |
| Walnut Beach | A scenic beach area known for its family-friendly atmosphere and recreational activities. Great for families seeking a beach vacation without traveling far. | Walnut Beach, Fishing Pier, Playgrounds, Water Sports Rentals, Local Restaurants |
| Milford's Historic District | Home to charming historic buildings and a rich cultural history. Attracts visitors interested in the town's heritage and architecture. | Milford Historical Society, Historic Homes, Local Art Galleries, Cultural Events, Riverwalk |
| Orchard Hills | A quiet suburban neighborhood that appeals to families and visitors looking for a peaceful stay near parks and nature. | Orchard Hills Park, Walking Trails, Neighborhood Shops, Local Cafés, Playgrounds |
| Pond Point | A suburban area near the beach with access to local amenities. Ideal for those seeking a neighborhood vibe close to the water. | Local Beaches, Shopping Centers, Community Parks, Boardwalk, Restaurants |
| Devon | This area offers a mix of residential charm and access to the scenic Housatonic River. Popular with visitors looking for a quaint residential experience. | Housatonic River, Devon Center, Local Parks, Schools, Community Events |
| Lakeview | An area surrounding a picturesque lake, ideal for outdoor activities and peaceful getaways. Attracts nature lovers and those seeking tranquility. | Lake Lillinonah, Swimming Areas, Hiking Trails, Picnic Spots, Local Fishing |
Do you need a license for Airbnb in Milford?
We recommend checking directly with Milford'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 Milford
Luxury Beach Oasis with Amazing Ocean Views
Entire Place • 4 bedrooms
Waterfront!-Hot Tub-The Charles Island Beach House
Entire Place • 4 bedrooms
Just renovated! Steps to shops & water | Firepit!
Entire Place • 3 bedrooms
Completely Coastal Featured on HGTV Beach Hunters
Entire Place • 5 bedrooms
Beachfront home on private Cedar Beach.
Entire Place • 3 bedrooms
Milford Beach House - Newer Construction!
Entire Place • 3 bedrooms
Top Performing Professional Hosts in Milford
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Cameron | 5 | $275,837 | 945 | 4.97/5.0 |
| Cail | 4 | $233,490 | 768 | 4.92/5.0 |
| Semir | 1 | $197,544 | 40 | 5.00/5.0 |
| Tj | 1 | $195,570 | 96 | 5.00/5.0 |
| Cole | 3 | $190,396 | 64 | 4.96/5.0 |
| Carolyn | 1 | $179,015 | 78 | 5.00/5.0 |
| Benjamin | 2 | $173,158 | 41 | 4.92/5.0 |
| Mary | 1 | $165,749 | 76 | 5.00/5.0 |
| Tiffany | 2 | $162,948 | 395 | 4.79/5.0 |
| Matt And Jess | 2 | $161,545 | 377 | 4.99/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Milford
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 (94.8%), with house and apartment & condo properties comprising 95.3% of inventory
- Untapped potential in others, outdoor & mobile, boutique & hotels segments (4.7% combined)
Room Capacity Distribution
Analysis of 172 properties in Milford shows that 3 bedrooms properties are most prevalent, making up 35.5% of the market. The market tends to favor larger properties, with 3 bedrooms and 2 bedrooms together representing 60.5% of all listings.
Key Insights
- Most common: 3 bedrooms (35.5%)
- Least common: 5+ bedrooms (4.7%)
- Market concentration: 60.5% in top 2 sizes
- Market skew: Favors larger properties
Guest Capacity Distribution
Analysis of 172 properties in Milford reveals that 8+ guests properties dominate the market, representing 28.5% of all listings. The average property accommodates 5.5 guests, with a clear trend towards larger guest capacities. Properties accommodating 8+ guests and 6 guests make up 54.7% of the market.
Key Insights
- Most common capacity: 8+ guests (28.5% of market)
- Least common capacity: 1 guest (0.6% of market)
- Average guest capacity: 5.5 guests per property
- Market concentration: 54.7% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 172 properties in Milford, the most common availability pattern is 271-366 days (34.9% of properties). For actual bookings, properties most frequently secure bookings for 91-180 days (33.1% of properties).
Key Insights
- Most common availability window: 271-366 days (34.9%)
- Most common booking duration: 91-180 days (33.1%)
- Properties with high availability (180+ days): 65.7%
- Properties with long-term bookings (180+ days): 36.6%
Minimum Stay Distributions
1 Night
19 listings
12% of total
2 Nights
66 listings
41.8% of total
3 Nights
33 listings
20.9% of total
4-6 Nights
20 listings
12.7% of total
7-29 Nights
8 listings
5.1% of total
30+ Nights
12 listings
7.6% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 53.8%
- Mid-length stays (4-6 nights) represent 12.7% of listings
- Monthly+ stays (7.6%) suggest a stable extended-stay market
- High market flexibility with 74.7% 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
0.6% of total
Flexible
19 listings
12.2% of total
Moderate
41 listings
26.3% of total
Firm
52 listings
33.3% of total
Strict
43 listings
27.6% of total
Key Insights
- Firm is the preferred policy at 33.3% of listings
- Stricter policies (Firm & Strict) dominate at 60.9% of the market
- Strong market consensus around Firm policies
- Super Strict 30 Days policies are least common at 0.6% of listings
Recommendations
- The market supports stricter policies, with 60.9% using Firm or Strict terms
- Strong market preference for Firm policies suggests this should be your baseline
Booking Lead Time Trends
Key Insights
- Peak booking lead times occur in Jul, May, Jun, averaging 92 days
- Shortest booking windows are in Mar, Feb, Jan, averaging 31 days
- Summer shows the longest average booking window at 84 days, while Winter has the shortest at 32 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 84 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Mar-Jan when lead times are shortest
Popular Airbnb Amenities in Milford
Every property in Milford comes standard with Wifi. Below shows the distribution of other amenities:
Traveler Demographics
Key Insights
- Domestic travelers make up 94.9% of total guests, indicating a dominant local market share.
- Primary international markets: United Kingdom (0.9%) and DC (0.9%)
- English is the top language at 79%, followed by Spanish (13.4%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 5.1%
Recommendations
- Target marketing campaigns for New York and Milford markets
- Develop localized content for United Kingdom 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 Milford. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Town of Kingston | 11 | $8,281 | $500.11 | 49% |
| Frankford Township | 10 | $7,076 | $504.38 | 44% |
| Town of Stuyvesant | 11 | $6,822 | $515.82 | 41% |
| Brookfield | 14 | $6,762 | $517.20 | 50% |
| Town of Niskayuna | 11 | $6,323 | $506.30 | 47% |
| Town of Pawling | 16 | $6,299 | $363.35 | 58% |
| Town of East Hampton | 1,437 | $6,201 | $979.48 | 37% |
| Town of Monroe | 24 | $6,190 | $693.85 | 36% |
| Town of Southampton | 1,323 | $6,085 | $961.78 | 36% |
| Town of Thompson | 70 | $5,836 | $534.64 | 39% |
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