Airbnb Market Analytics, Statistics and Data in Canyon, Texas, United States
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Canyon? 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 Canyon:
How much do Airbnb hosts make on average per month in Canyon?
The short-term rental market in Canyon 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 $2,196 per month
- Strong performing properties (top 25%) make $3,601 or more
- Best-in-class properties (top 10%) achieve $5,847+ monthly
- Entry-level properties (bottom 25%) typically earn around $1,373
Revenue Variations by Month
Occupancy Rates Throughout the Year in Canyon
The market in Canyon 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 67% or higher
- Best-in-class properties (top 10%) reach 81%+occupancy
- Entry-level properties (bottom 25%) average around 32%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Canyon
Daily rates in Canyon 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 $131 per night
- Strong performing properties (top 25%) secure $207 or more
- Best-in-class properties (top 10%) pull in $283+ per night
- Entry-level properties (bottom 25%) earn around $95
Daily Rate Variations by Month
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Seasonality patterns in Canyon
Peak Season (June, March, October)
- Revenue peaks at $3767.77 per month
- Occupancy rates reach 60.98%
- Daily rates average $184.58
Shoulder Season
- Revenue averages $2917.59 per month
- Occupancy maintains 49.82%
- Daily rates hold at $165.69
Low Season (August, February, January)
- Revenue drops to $1873.60 per month
- Occupancy decreases to 33.78%
- Daily rates adjust to $152.67
Is it still profitable to do Airbnb in Canyon in 2025?
Yes! Canyon demonstrates highly seasonal trends requiring strategic adaptation, featuring a healthy occupancy rate of 50% and strong monthly revenue averaging $2918 and The market's 139 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 Canyon
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Canyon Square | A charming downtown area with unique shops, cafes, and historic architecture. Perfect for visitors exploring local culture and enjoying a small-town feel. | Canyon Main Street, Canyon Fine Arts Center, Panhandle-Plains Historical Museum, Canyon City Park, West Texas A&M University |
| Lake Meredith | A beautiful recreational area offering outdoor activities like fishing, boating, and hiking. Great for families and nature enthusiasts looking for a lakeside retreat. | Lake Meredith National Recreation Area, Alibates Flint Quarries National Monument, Bivins Lake, Palo Duro Canyon State Park |
| Palo Duro Canyon | Known as the second largest canyon in the United States, this area attracts hikers, campers, and outdoor lovers. Ideal for showcasing the beauty of Texas landscapes. | Palo Duro Canyon State Park, The Texas Outdoor Musical, Lighthouse Trail, Palo Duro Canyon Historical Lodge |
| West Texas A&M University Campus | Home to a large student population and faculty, this area attracts visitors for events, sports, and campus activities. Ideal for targeting university-related stays. | Buffalo Stadium, The Fine Arts Complex, The WTAMU Event Center, The WTAMU Library |
| Canyon Road | A scenic route that offers access to beautiful country views, making it popular among tourists who enjoy road trips and explorations. Great for unique, Instagram-worthy stays. | Panhandle-Plains Historical Museum, Local wineries, Scenic drives, Local farms and markets |
| Canyon Golf Club | An excellent location for golf enthusiasts and visitors looking to relax in a laid-back, beautiful setting. Attracts a mix of travelers from families to couples. | Golfing, Canyon Recreation Center, Scenic views, Community events |
| Historic Route 66 | Famous and iconic road that draws tourists looking for classic Americana experiences. Ideal for showcasing vintage and retro-style accommodations. | Route 66 attractions, Local diners, Historic markers, Vintage motels |
| Nearby Amarillo | Just a short drive away, Amarillo offers additional attractions and amenities, including shopping, dining, and entertainment options. Perfect for guests wanting to explore beyond Canyon. | Cadillac Ranch, Amarillo Zoo, Amarillo Botanical Gardens, The American Quarter Horse Hall of Fame |
Do you need a license for Airbnb in Canyon?
We recommend checking directly with Canyon'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 Canyon
Skyhouse at Doves Rest Cabins
Entire Place • 1 bedroom
Canyon Retreat: 3 Homes (Tiny Home) + Golf Access
Entire Place • 7 bedrooms
Fortress Cabin at Doves Rest Resort
Entire Place • 2 bedrooms
Charming Texas Home w/ Stunning Canyon Views!
Entire Place • 4 bedrooms
Palo Duro Clean, Cozy, BEST views, Family Friendly
Entire Place • 3 bedrooms
Comanche Cabin at Doves Rest Cabins
Entire Place • 3 bedrooms
Top Performing Professional Hosts in Canyon
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Jeff | 17 | $1,072,551 | 473 | 4.98/5.0 |
| Angel | 4 | $256,347 | 101 | 4.94/5.0 |
| Tracy | 9 | $191,592 | 2980 | 4.94/5.0 |
| Sheree | 13 | $169,505 | 1501 | 4.93/5.0 |
| Kathy | 2 | $141,096 | 536 | 4.81/5.0 |
| Evolve | 2 | $124,303 | 123 | 4.93/5.0 |
| Becky | 3 | $122,090 | 552 | 5.00/5.0 |
| Larry | 4 | $113,270 | 496 | 4.94/5.0 |
| Cory | 3 | $111,177 | 108 | 4.87/5.0 |
| Matt | 2 | $109,567 | 176 | 4.99/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Canyon
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 (99.3%), with house and outdoor & mobile properties comprising 80.6% of inventory
- Strong specialty sector (28.1%) combining boutique hotels, unique stays, and outdoor accommodations indicates market maturity and premium opportunities
- Untapped potential in unique stays, others segments (2.9% combined)
Room Capacity Distribution
Analysis of 139 properties in Canyon shows that 1 bedroom properties are most prevalent, making up 28.1% of the market. The market tends to favor smaller properties, with 1 bedroom and 2 bedrooms together representing 51.8% of all listings.
Key Insights
- Most common: 1 bedroom (28.1%)
- Least common: 5+ bedrooms (2.9%)
- Market concentration: 51.8% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 139 properties in Canyon reveals that 4 guests properties dominate the market, representing 26.6% of all listings. The average property accommodates 5.3 guests, with a clear trend towards larger guest capacities. Properties accommodating 4 guests and 6 guests make up 50.4% of the market.
Key Insights
- Most common capacity: 4 guests (26.6% of market)
- Least common capacity: 3 guests (5% of market)
- Average guest capacity: 5.3 guests per property
- Market concentration: 50.4% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 139 properties in Canyon, the most common availability pattern is 91-180 days (39.6% of properties). For actual bookings, properties most frequently secure bookings for 181-270 days (40.3% of properties).
Key Insights
- Most common availability window: 91-180 days (39.6%)
- Most common booking duration: 181-270 days (40.3%)
- Properties with high availability (180+ days): 48.9%
- Properties with long-term bookings (180+ days): 54.0%
Minimum Stay Distributions
1 Night
92 listings
68.7% of total
2 Nights
33 listings
24.6% of total
3 Nights
2 listings
1.5% of total
4-6 Nights
1 listings
0.7% of total
7-29 Nights
2 listings
1.5% of total
30+ Nights
4 listings
3% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 93.3%
- Mid-length stays (4-6 nights) represent 0.7% of listings
- Monthly+ stays (3%) suggest a stable extended-stay market
- High market flexibility with 94.8% 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
11 listings
8.1% of total
Flexible
40 listings
29.6% of total
Moderate
33 listings
24.4% of total
Firm
10 listings
7.4% of total
Strict
41 listings
30.4% of total
Key Insights
- Strict is the preferred policy at 30.4% of listings
- The market shows a balanced distribution between guest-friendly (54.0%) and strict (37.8%) policies
- Strong market consensus around Strict policies
- Firm policies are least common at 7.4% 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, Oct, Nov, averaging 53 days
- Shortest booking windows are in Feb, Jan, Aug, averaging 28 days
- Spring shows the longest average booking window at 49 days, while Winter has the shortest at 34 days
Recommendations
- Implement dynamic pricing strategies for Spring bookings at least 49 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Feb-Aug when lead times are shortest
Popular Airbnb Amenities in Canyon
Every property in Canyon comes standard with Air conditioning, and Wifi. Below shows the distribution of other amenities:
Traveler Demographics
Key Insights
- Domestic travelers make up 97.7% of total guests, indicating a dominant local market share.
- Primary international markets: United Kingdom (0.5%) and Canada (0.4%)
- English is the top language at 81.9%, followed by Spanish (14.2%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 6.3%
Recommendations
- Target marketing campaigns for Austin and Dallas markets
- Develop localized content for United Kingdom 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 Canyon. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Buffalo Springs | 11 | $4,217 | $314.23 | 34% |
| Lubbock | 810 | $2,223 | $163.40 | 45% |
| Justiceburg | 13 | $1,889 | $189.90 | 35% |
| Amarillo | 490 | $1,627 | $120.36 | 49% |
| Plainview | 10 | $1,079 | $160.10 | 29% |
| Quitaque | 14 | $1,029 | $116.48 | 32% |
| Borger | 24 | $960 | $111.02 | 43% |
| Fritch | 17 | $943 | $75.88 | 41% |
| Shamrock | 13 | $347 | $68.91 | 17% |
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