Philadelphia, Pennsylvania
Airbnb Data and Analytics - June 2017

Airbnb Market Report

Philadelphia, Pennsylvania
4,009 active rentals
Jun '15 - May '17
USD $99.95
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Select a neighborhood
Jun '15 - May '17

50 active rentals
Center City
247 active rentals
91 active rentals
131 active rentals
65 active rentals
105 active rentals
Logan Square
129 active rentals
Market East
57 active rentals
North Central
110 active rentals
Northern Liberties
74 active rentals
Rittenhouse Square
422 active rentals
South Philadelphia
628 active rentals
South Philadelphia West
52 active rentals
Southwest Center City
189 active rentals
Spring Garden
85 active rentals
University City
446 active rentals
Washington Square West
198 active rentals
Select a zip code
Jun '15 - May '17

83 active rentals
460 active rentals
329 active rentals
141 active rentals
309 active rentals
67 active rentals
95 active rentals
81 active rentals
156 active rentals
195 active rentals
74 active rentals
284 active rentals
62 active rentals
60 active rentals
166 active rentals
101 active rentals
119 active rentals
362 active rentals
354 active rentals
137 active rentals
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Airbnb Host Information

active hosts
multiple listing hosts

Airbnb Property Information

active Airbnb rentals
10 or more reviews
rated 5 stars

Airbnb Rental Activity

Months Available for Rent
Months Rented

Airbnb Occupancy

Occupancy Rate by Percentile
Entire place listings with at least 1 booking in the month
Data shown is not representative

Airbnb Prices

Average ADR by Listing Type
Studio/Number of bedrooms indicates Entire place room type (USD)
Data shown is not representative

Airbnb Revenue

Revenue by Room Type
Of listings rented at least 30 days over last 12 months
Data shown is not representative

Airbnb Seasonal Demand (RevPAR)

Revenue per Available Room (RevPAR)
Entire place listings (USD)
Data shown is not representative

Best Airbnb Rentals in Philadelphia

Airbnb Research on Philadelphia, Pennsylvania

With a rich history and over 1 million loyal sports fans, Philadelphia has become an attractive destination for U.S. history enthusiasts and sports fans alike. Roughly 40 million people visited the greater Philadelphia area in 2014 alone, generating revenue and creating nearly 100,000 jobs. In 2015, the Democratic National Convention and the arrival of Pope Francis promises to draw an even larger crowd to town.

However, this tourism boost has not only benefited local employees and businesses, but Airbnb hosts as well. Philadelphia is home to nearly 2,000 active Airbnb listings, and has experienced tremendous growth throughout the past few months. 60% of these properties are listed as “entire places” while the remaining 40% are considered “private rooms”. A majority of these listings are apartments compared to homes, specifically private rooms or one-room properties. Due to cold and moderately snowy winters, occupancy rates for these listings dip from November into December and through the winter and increase nearly 20% during the summer and fall seasons when it is easier for tourists to explore the city. Thus, RevPAR (revenue per available room) during the spring, early summer, and fall months can reach potential revenues double or higher than revenues of the winter. Private rooms in both apartments and houses average around $70, while most common 1-bedroom listings average $130.

With regard to regulation, Airbnb gained an important legal victory when Philadelphia agreed to legalize rentals within city lines. However, compromises were made. These restrictions consist of zoning modifications that make most short-term rentals illegal in residential neighborhoods, a permit for rentals lasting longer than 30 days, and cap the number of days a host can make their listing available at 180. Further, an 18% hotel tax has been implemented. While these regulations may sound strenuous, the tremendous growth of number of listings in the city tells otherwise. Over 1000 new Airbnb listings appeared in the area between June and July in 2015.