The Airbnb rental market has been growing rapidly in recent years, and Mesa, AZ is no exception. Mesa is the third-largest city in Arizona and is located in Maricopa County. According to data from Zillow, homes in Mesa have appreciated by 2.80% over the past year, with the median home value currently standing at $434,369. In this guide, we will take a closer look at the short-term rental market in Mesa, including the number of active listings, average daily rate, occupancy rate, and annual revenue, among other data points.
The Number of Short-Term (Airbnb) Rentals
According to Chalet, there are currently 1,607 active short-term rentals in Mesa, AZ.
The Average Daily Rate and Occupancy Rate
The average daily rate for Airbnb rentals in Mesa, AZ is $294.20, according to Chalet. This number is in line with the national average for short-term rentals. The occupancy rate for short-term rentals in Mesa is 57%, which is lower than the national average of 75%. However, this number is still high enough to make Airbnb rentals a lucrative investment opportunity.
Annual Revenue for Short-Term (Airbnb) Rentals
The annual revenue for short-term rentals in Mesa, AZ is $40,400, according to Chalet. This number is calculated based on the average daily rate and occupancy rate. It is worth noting that this number is a median, and actual revenue will vary depending on a variety of factors, including location, property type, and amenities.
Average Gross Yield and Property Tax
The average gross yield for Airbnb rentals in Mesa, AZ, is 9.30%. This number is calculated by dividing the annual revenue by the property value. Additionally, the average property tax in Mesa is 0.67%, according to SmartAsset. This low tax rate further contributes to the profitability of short-term rentals in the area.
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Regulation of Short-Term (AIrbnb) Rentals
Short-term rental regulation in Mesa, AZ, is generally considered to be investor-friendly. There are currently no restrictions on the number of days a property can be rented out, and there are no occupancy taxes or licensing fees for short-term rentals. However, it is still important for investors to familiarize themselves with the local regulations and to ensure that they comply with all applicable laws.
Climate and Population
Mesa, AZ, is known for its warm, arid climate. The average temperature in Mesa is around 70 degrees Fahrenheit, making it the perfect place to visit or live for those who prefer a warm, sunny climate. The city has a population of around 509,000 people, making it the third-largest city in Arizona.
Sports Teams and Colleges
Mesa, AZ is home to various sports teams, including the Chicago Cubs, who hold their annual spring training in the city. The Oakland Athletics, Seattle Mariners, and other Major League Baseball teams also have their spring training in Mesa.
As for colleges, Mesa is home to several institutions of higher learning, including Mesa Community College and the Polytechnic Campus of Arizona State University. Mesa is also home to the East Valley Institute of Technology, a vocational school that provides training in various industries.
Crime Rate
According to NeighborhoodScout, the city has a crime rate lower than 17% of U.S. cities. Additionally, the city has a low violent crime rate, making it a peaceful and secure community.
Tourism
Mesa, AZ attracts visitors from all over the world, with a total of 2.7 million visitors in 2019. The largest number of visitors to Mesa come from within the state of Arizona, but visitors also come from other parts of the United States, including California, Texas, and Utah. Visitors from Canada, the United Kingdom, and Germany also make up a significant portion of the city’s tourism industry.
Tourist Attractions
Mesa, AZ has a variety of tourist attractions that make it a popular destination. Some of the most popular attractions include the Mesa Arts Center, the Arizona Museum of Natural History, and the Commemorative Air Force Museum. Other attractions include the Usery Mountain Regional Park, the Superstition Mountains, and the Salt River.
Peak Season
The peak season in Mesa, AZ is during the winter months, between November and March, when the temperatures are mild and comfortable. During this time, many visitors come to enjoy the city’s natural beauty and cultural attractions. The spring and summer months can also be busy, with visitors coming to enjoy outdoor activities and events.
Conclusion
The average daily rate for short-term rentals in Mesa is $249.20, and the occupancy rate is 57%. The annual revenue for short-term rentals in the area is $40,400 with an average gross yield of 9.30%.
Airbnb rental regulation in Mesa is generally considered to be investor-friendly, with no restrictions on the number of days a property can be rented out and no occupancy taxes or licensing fees. With these factors in mind, short-term rentals in Mesa, AZ represent a lucrative investment opportunity.
