Covina

As of June 2026, Covina, West Covina, Pasadena have 916 active Airbnb and VRBO listings. This represents a 21% decrease from the previous year.

The average Airbnb or VRBO in Covina generates $38K per year. High-performing properties earn $78K/year, while low-performing properties earn $10K/year. Supply has contracted significantly year-over-year while overall revenue declined, suggesting demand isn't keeping pace with remaining inventory. The wide performance gap indicates substantial differentiation among listings despite modest 42% occupancy, pointing to market fragmentation rather than broad capacity constraints.

Average home prices in Covina vary by property size: 1-bedroom properties cost approximately $351K, 2-bedroom homes average $630K, 3-bedroom properties are around $836K, and 4+ bedroom homes average $1.0M. These prices reflect median home values across the Covina, West Covina, Pasadena area.

Airbnb and VRBO can be profitable in Covina, with an average gross yield of 4% across all properties. High-performing properties achieve yields up to 9%, which is considered fair for short-term rental investment. Declining supply combined with flat revenue suggests tightening market conditions, while the substantial gap between average ($38,025) and high-performing ($77,814) properties indicates meaningful differentiation opportunities despite the competitive 42% occupancy rate.

The average occupancy rate for Airbnbs and VRBOs in Covina is 42%. This occupancy level, combined with an average nightly rate of $214, results in a RevPAR (revenue per available room) of $74 per day.

4+ bedroom properties demonstrate the strongest performance in Covina, with an average gross yield of 8% and annual revenue of $75K. These properties balance purchase price ($1.0M), operating costs, and rental demand most effectively in the Covina market.

Short-term rental regulations vary by jurisdiction in the Covina area. Covina: Moderate. Business license required, zoning compliance needed. Some enforcement through complaints. Hosts operate but risk citations. West Covina: Moderate. Business license and TOT registration required. Complaint-based enforcement. Many unlicensed hosts operate. Pasadena: Strict. Permit required, owner-occupancy mandatory, 15% neighborhood density cap, hosted-only allowed. Active enforcement with fines and platform compliance checks. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Covina Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 21% year-over-year, while RevPAR has decreased 6%. This indicates balanced supply-demand dynamics. The significant gap between average revenue ($38,025) and top performers ($77,814) suggests differentiated market performance, where property positioning determines outcomes in a moderately competitive environment with 42% occupancy.

Launch around April, 2-3 months before peak spring season (July peaks). This pre-peak timing lets you build reviews when competition is -9% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (May-January) when gaining traction is harder.

The most common amenities in Covina listings include: Air Conditioning (100%), Kitchen (97%), Tv (94%), Washing Machine (87%), Heating (85%). Amenities that boost revenue the most include Pool, Washing Machine, Hot Tub, with Pool properties earning approximately 57% more ($80K/year vs $51K/year).

Monthly estimated revenue per listing in Covina over the last 12 months: May: $2K, June: $2K, July: $3K, August: $2K, September: $2K, October: $3K, November: $2K, December: $3K, January: $2K, 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 Covina is $214, up 22% year-over-year. By property size: 1-bedroom properties average $102/night, 2-bedroom properties average $177/night, 3-bedroom properties average $246/night, 4+ bedroom properties average $409/night. Rates peak in December and are lowest in September.

Guests in Covina book an average of 24 days in advance, down 17% from last year. By property size: 1-bedroom: 18 days, 2-bedroom: 23 days, 3-bedroom: 29 days, 4+ bedroom: 31 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Covina Airbnb and VRBO market has seen the following changes: supply declined 21%, revenue per listing decreased 6%, occupancy fell 11%, average nightly rates increased 22%, and lead time decreased 17%. The sharp supply contraction coupled with falling occupancy suggests weakening demand, while the significant rate increase indicates hosts are competing primarily on price rather than market strength. The wide gap between average ($38,025) and top-performing listings ($77,814) reveals substantial performance stratification.

In Covina, Saturday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Friday and are lowest on Tuesday. Weekends show 30% higher occupancy than weekdays.