Yucca Valley is a town located in the Mojave Desert, in Southern California. The town has become a popular destination for tourists looking to explore the natural beauty of the area, as well as for those looking for a peaceful getaway.
In this blog post, we will explore the short-term (Airbnb) rental market in Yucca Valley, CA.
Real Estate Market Overview
According to Zillow, homes in Yucca Valley appreciated -1.30% over the past year, which is lower than the national average. The median home value in Yucca Valley is $364,774, which is slightly lower than the median home value in California.
Supply
The most popular homes are 3-bedroom homes, comprising 33.15% of inventory. This is followed by 2 and 1-bedroom homes at 31.39% and 17.53% of the total inventory, respectively.
Short-Term Rental Market Statistics
The occupancy rate for Airbnb rentals in Yucca Valley is 52%, and the annual revenue for short-term rentals is $57,300.
The average gross yield for short-term (Airbnb) rentals in Yucca Valley is 15.71%, which is higher than the national average. Additionally, the average property tax in Yucca Valley is 2.19%, which is lower than the national average.
Average Daily Rate
The median ADR for the market is $333.10. The Average Daily Rate is the highest for 7 bedroom homes ($999) followed by 5-bedrooms and 6 bedrooms at $389 and $334 respectively.
Short-Term Rental Regulations
The short-term (Airbnb) rental regulations in Yucca Valley are investor-friendly. There are no restrictions on the number of days that a property can be rented out, and there are no licensing requirements. This makes it easy for investors to enter the short-term (Airbnb) rental market in Yucca Valley.
Top 200 Airbnb Rental Markets
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Hosts
The market is dominated by property management firms. The largest host is Hi – Desert Dwellings with 2.57% of the total inventory and an average review of 4.99⭐️s .
Tourism in Yucca Valley
Yucca Valley is a popular tourist destination, with many visitors coming to explore the natural beauty of the area. Visitors can enjoy hiking in the nearby Joshua Tree National Park, which is known for its unique rock formations and stunning desert landscapes. The town is also home to several art galleries and museums, including the Hi-Desert Nature Museum.
Guests
The majority of the guests come from inside of California. 23.44% of all guests are from Los Angeles followed by San Diego with 4.93%.
Conclusion
In conclusion, the short-term (Airbnb) rental market in Yucca Valley, CA is thriving. With a low property tax rate, high gross yield, and investor-friendly regulations, Yucca Valley is a great place for investors to enter the short-term rental market. Additionally, the town’s natural beauty and popularity as a tourist destination make it a great place for short-term rental properties.
