Introduction
Oceanside, California, known for its stunning coastline and vibrant atmosphere, has become a hotspot for both tourists and real estate investors alike.
The city’s short-term rental market has been experiencing significant growth and transformation in recent years. In this blog post, we will delve into the key statistics and trends that define the Airbnb rental market in Oceanside, CA.
We will also explore various aspects of the city, including its economic profile, climate, demographics, and popular attractions.
Market Overview
To understand the dynamics of the short-term rental market in Oceanside, let’s delve into some key statistics and figures.
Supply
AS of October 2024, the most popular homes are 2-bedroom homes, comprising 26.36% of inventory. This is followed by 1 and 3-bedroom homes at 20.60% and 20.32% of the total inventory, respectively.
Homes Appreciation
As of October 2024, according to Zillow, homes in Oceanside experienced an appreciation of 8.16%. This data indicates a significant increase in property values.
Median Home Value
As of October of 2024, Homes in Oceanside have appreciated by 8.16%. The median home value in Oceanside is $870,400 as reported by Zillow. This figure highlights the city’s robust real estate market and the potential for long-term property appreciation.
Active Short Term Rentals
As of October 2024, Oceanside boasts a significant Airbnb rental market, with approximately 1,461 active rentals. This abundance of available properties provides ample opportunities for investors and homeowners looking to capitalize on the tourism demand.
Average Daily Rate
The median ADR for the market is $319. The Average Daily Rate is the highest for 5-bedroom homes $619, followed by 4-bedrooms and 3 bedrooms at $539 and $450 respectively.
Occupancy Rate
Chalet data reveals an occupancy rate of 60% for Airbnb rentals in Oceanside. This high demand ensures a consistent stream of income for property owners and investors.
How Profitable is Airbnb in Oceanside ?
As of October 2024, the average gross yield, which represents the annual income generated by a property as a percentage of its value, is 4.52% in Oceanside. This figure suggests that short-term rentals in the city offer a favorable return on investment. Oceanside is ranked #85 by return on investment on Airbnb rentals in the United States.
Annual Revenue
According to Chalet, short-term rentals in Oceanside earn an average of $51,310 annually, highlighting the strong investment potential in the city’s market. You can evaluate your properties using our free Airbnb calculator.
Hosts
The market is dominated by property management firms. The largest host is Vacasa California with 4.56% of the total inventory and an average review of 4.77⭐️s .
Property Tax
According to SmartAsset, the average property tax in Oceanside is 0.75%. This relatively moderate tax rate is an important consideration for those looking to invest in short-term rental properties.
Guests
The majority of the guests in Oceanside come from California and are within driving distance. 6.10% of all guests are from Los Angeles followed by San Diego with 4.20%.
Regulations
Oceanside’s short-term rental regulations are somewhat investor-friendly, with different zoning regulations and limitations in place. Understanding these regulations is crucial for potential investors to ensure compliance and a smooth operation.
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Exploring Oceanside Beyond the Numbers
Now that we’ve examined the data points that define Oceanside’s short-term rental market, let’s delve into some additional aspects of this picturesque coastal city.
Demographics and Economy
- The median household income in Oceanside, CA, is an essential factor for both property investors and hosts to consider. As of my last knowledge update in September 2021, the median household income in Oceanside was approximately $66,714. It’s important to note that income levels can fluctuate over time, so it’s advisable to check the most recent data for accurate figures.
Climate
- Oceanside enjoys a Mediterranean climate with mild, wet winters and warm, dry summers. The city’s coastal location provides a pleasant climate year-round, making it an attractive destination for tourists seeking sun and outdoor activities.
Population
- Oceanside, CA, has a diverse population, with a population size that was approximately 176,193 as of my last knowledge update in September 2021. It’s worth verifying the latest population statistics for the most up-to-date figures.
Sports Teams and Colleges
- Oceanside is known for its sports and outdoor recreation. While there are no major professional sports teams based in Oceanside, the city offers a variety of sports facilities and opportunities. Additionally, there are no colleges or universities located directly in Oceanside.
Crime Rate
- To ensure the safety and security of your short-term rental property and guests, it’s essential to stay informed about the local crime rate. As of my last update in September 2021, Oceanside had a moderate crime rate. However, crime rates can change, so it’s advisable to consult recent crime data.
Tourism and Visitors
- Oceanside attracts visitors from various locations, thanks to its stunning beaches, recreational activities, and cultural attractions. The total number of visitors to Oceanside can vary throughout the year, with peak tourist seasons driving higher demand for short-term rentals.
Tourist Attractions
- Oceanside boasts a range of tourist attractions, including the Oceanside Pier, California Surf Museum, and LEGOLAND California Resort. These attractions contribute to the city’s popularity among tourists.
Peak Season
- The peak tourist season in Oceanside typically coincides with the summer months when visitors flock to the beaches and outdoor activities are in full swing. However, the city experiences a steady stream of tourists year-round due to its pleasant climate and various events and festivals.
Conclusion
Oceanside, CA, offers a dynamic and potentially lucrative short-term rental market. With favorable revenue potential, a growing supply of rentals, and an appealing climate, this coastal city is an enticing destination for both property investors and travelers. As the city continues to evolve and adapt to changing regulations, it’s essential for investors to stay informed and take advantage of the opportunities presented by Oceanside’s short-term rental market.
