Introduction
Lake Arrowhead, California, nestled in the picturesque San Bernardino Mountains, is not just a haven for outdoor enthusiasts but also a burgeoning hub for the short-term rental market. Whether you’re a homeowner looking to capitalize on the charm of this mountain paradise or a traveler seeking an unforgettable getaway, Lake Arrowhead’s Airbnb scene has plenty to offer. In this comprehensive guide, we’ll explore the ins and outs of the short-term rental market in Lake Arrowhead, from property statistics to local attractions and insights that will make your experience here all the more enjoyable.
Supply
The most popular homes are 3-bedroom homes, comprising 36% of inventory. This is followed by 2 and 4-bedroom homes at 25.29% and 19.44% of the total inventory, respectively.
Key Short-Term Rental Market Data
Before we dive into the beauty and adventure that Lake Arrowhead has to offer, let’s look at some essential data points that illuminate the Airbnb scene in this region:
- Homes Depreciation: According to Zillow, homes in Lake Arrowhead have depreciated by -4.00%. This may raise questions about property values, making short-term rentals an attractive option for homeowners.
- Median Home Value: Zillow reports a median home value of $575,028, indicating a prime market for those interested in investing in vacation properties.
- Active Short-Term Rentals: There are 1250 active short-term rentals in Lake Arrowhead, reflecting a thriving market.
- Occupancy Rate: The occupancy rate is 44%, suggesting consistent demand for short-term rentals.
- Annual Revenue: The annual revenue for short-term rentals is an impressive $47,678, making it a potentially lucrative venture.
- Average Gross Yield: The average gross yield in Lake Arrowhead is 7.97%, showcasing the financial potential of investing in short-term rentals.
- Property Tax: Property tax in Lake Arrowhead stands at 0.90%, a factor to consider when calculating the profitability of your short-term rental investment.
Average Daily Rate
The median ADR for the market is $410.90. The Average Daily Rate is the highest for 10 bedroom homes ($822) followed by 8-bedrooms and 6 bedrooms at $746 and $730 respectively.
Now that we’ve got a grasp of the financial landscape, let’s explore other facets of Lake Arrowhead that may interest both hosts and visitors.
Top 200 Airbnb Rental Markets
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Lake Arrowhead: A Glimpse of Paradise
Median Household Income: The median household income in Lake Arrowhead is $61,496, providing valuable insights into the spending potential of visitors to the area.
Climate: Lake Arrowhead enjoys a temperate four-season climate with warm summers and snowy winters, making it a year-round destination for outdoor activities.
Hosts
The market is dominated by property management firms. The largest host is Destination Big Bear with 5.19% of the total inventory and an average review of 4.71⭐️s .
Population Size: The population size of Lake Arrowhead is approximately 12,000, creating a small-town charm that attracts visitors seeking respite from city life.
Local Sports Teams: While Lake Arrowhead may not have major professional sports teams, it hosts various recreational sports clubs and events, ideal for those looking to stay active during their vacation.
Colleges: The town is not home to any colleges, but its proximity to universities in Southern California makes it a desirable location for students and families visiting the area.
Crime Rate: Lake Arrowhead boasts a relatively low crime rate, enhancing its reputation as a safe and family-friendly vacation spot.
Guests
The majority of the guests come from inside of California. 24.49% of all guests are from Los Angeles followed by San Diego with 8.27%.
Visitor Demographics: Visitors flock to Lake Arrowhead from all over, but major sources include the Greater Los Angeles area, Orange County, and San Diego. Its proximity to Southern California’s major cities makes it a convenient escape for many.
Visitor Count: While there isn’t precise data on the total number of visitors, the region sees a steady flow of tourists throughout the year.
Tourist Attractions: Lake Arrowhead offers an array of attractions, such as Lake Gregory, Lake Arrowhead Village, and the stunning San Bernardino National Forest. These natural and cultural gems make the region an appealing destination.
Peak Season: Lake Arrowhead experiences peak tourism during the summer months when visitors can enjoy water sports, hiking, and events like the Lake Arrowhead Concert Series.
In conclusion, Lake Arrowhead, CA, offers a thriving Airbnb market with strong revenue potential, and it’s backed by the region’s natural beauty and year-round appeal. Whether you’re considering an investment in short-term rentals or planning a vacation, Lake Arrowhead’s unique charm and financial prospects make it a top choice in the world of vacation rentals. So, why wait? Dive into this mountain paradise and experience the best of California’s pristine wilderness.
