Cedar Key

As of June 2026, Cedar Key, Crystal River, Chiefland have 370 active Airbnb and VRBO listings. This represents a 8% increase from the previous year.

The average Airbnb or VRBO in Cedar Key generates $27K per year. High-performing properties earn $43K/year, while low-performing properties earn $12K/year. Despite flat supply over two years, revenue declined 23% annually and occupancy sits at 36%, indicating demand contraction outpacing any new listings. The $31K spread between high and low performers suggests significant operational variance rather than market-wide constraints.

Average home prices in Cedar Key vary by property size: 1-bedroom properties cost approximately $0, 2-bedroom homes average $0, 3-bedroom properties are around $257K, and 4+ bedroom homes average $0. These prices reflect median home values across the Cedar Key, Crystal River, Chiefland area.

Airbnb and VRBO can be profitable in Cedar Key, with an average gross yield of 10% across all properties. High-performing properties achieve yields up to 16%, which is considered top for short-term rental investment. However, revenue declined significantly year-over-year while supply grew, creating intensifying competition at 36% occupancy. The substantial gap between average and high-performing properties suggests market differentiation is increasingly important as conditions tighten.

The average occupancy rate for Airbnbs and VRBOs in Cedar Key is 36%. This occupancy level, combined with an average nightly rate of $192, results in a RevPAR (revenue per available room) of $59 per day.

3-bedroom properties demonstrate the strongest performance in Cedar Key, with an average gross yield of 14% and annual revenue of $36K. These properties balance purchase price ($257K), operating costs, and rental demand most effectively in the Cedar Key market.

Short-term rental regulations vary by jurisdiction in the Cedar Key area. Cedar Key: Lenient. No specific STR regulations, follows county rules. Business tax receipt recommended. Minimal enforcement, many operate informally. Crystal River: Moderate. Business tax receipt required, zoning compliance needed. Some code enforcement but inconsistent monitoring. Chiefland: Lenient. Minimal STR-specific rules, basic business license. Very light enforcement, small market with few restrictions. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Cedar Key Airbnb and VRBO market is currently showing increasingly competitive conditions. Supply has grown 8% year-over-year, while RevPAR has decreased 23%. This indicates growing competition requiring strong operations. The 36% occupancy rate suggests demand hasn't kept pace with new listings, while the $16,477 gap between high and average revenue indicates significant performance variance—winners are capturing disproportionate share in a contracting market.

Launch around December, 2-3 months before peak spring season (March peaks). This pre-peak timing lets you build reviews when competition is 39% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (January-September) when gaining traction is harder.

The most common amenities in Cedar Key listings include: Air Conditioning (100%), Kitchen (97%), Tv (83%), Washing Machine (77%), Balcony (77%). Amenities that boost revenue the most include Gym, Washing Machine, Internet, with Gym properties earning approximately 30% more ($39K/year vs $30K/year).

Monthly estimated revenue per listing in Cedar Key over the last 12 months: May: $2K, June: $2K, July: $2K, August: $1K, September: $1K, October: $2K, November: $2K, December: $2K, January: $1K, February: $2K, March: $3K, April: $2K. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Cedar Key is $192, up 4% year-over-year. By property size: 1-bedroom properties average $154/night, 2-bedroom properties average $201/night, 3-bedroom properties average $255/night, 4+ bedroom properties average $287/night. Rates peak in March and are lowest in May.

Guests in Cedar Key book an average of 37 days in advance, down 2% from last year. By property size: 1-bedroom: 30 days, 2-bedroom: 44 days, 3-bedroom: 41 days, 4+ bedroom: 66 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Cedar Key Airbnb and VRBO market has seen the following changes: supply grew 8%, revenue per listing decreased 23%, occupancy fell 22%, average nightly rates increased 4%, and lead time decreased 2%. The 8% supply increase outpacing occupancy declines signals intensifying competition, while the significant gap between average revenue ($27,007) and high-performing listings ($43,484) indicates market bifurcation where pricing power concentrates among differentiated properties.

In Cedar Key, Saturday sees the highest booking demand while Monday has the lowest. Nightly rates peak on Saturday and are lowest on Monday. Weekends show 63% higher occupancy than weekdays.