Erie

As of May 2026, Erie, Presque Isle have 1,725 active Airbnb and VRBO listings. This represents a 3% decrease from the previous year.

The average Airbnb or VRBO in Erie generates $26K per year. High-performing properties earn $53K/year, while low-performing properties earn $12K/year. The substantial revenue gap suggests that market outcomes are highly polarized, with top-tier listings capturing a disproportionate share of demand despite the overall 29% decline in average annual revenue.

Average home prices in Erie vary by property size: 1-bedroom properties cost approximately $116K, 2-bedroom homes average $172K, 3-bedroom properties are around $216K, and 4+ bedroom homes average $273K. These prices reflect median home values across the Erie, Presque Isle area.

Airbnb and VRBO can be profitable in Erie, with an average gross yield of 12% across all properties. High-performing properties achieve yields up to 25%, which is considered top for short-term rental investment. These yield figures indicate that while average returns remain modest, specific assets are successfully mitigating the broader market revenue contraction.

The average occupancy rate for Airbnbs and VRBOs in Erie is 28%. This occupancy level, combined with an average nightly rate of $247, results in a RevPAR (revenue per available room) of $48 per day.

4+ bedroom properties demonstrate the strongest performance in Erie, with an average gross yield of 14% and annual revenue of $39K. These properties balance purchase price ($273K), operating costs, and rental demand most effectively in the Erie market.

Short-term rental regulations vary by jurisdiction in the Erie area. I don't have reliable, current information about short-term rental regulations or enforcement reality for Erie, Pennsylvania or Presque Isle, Maine. To provide accurate information about permit requirements, occupancy rules, and actual enforcement levels (not just written rules), I'd need to verify current local ordinances and enforcement practices, which I cannot do reliably. I recommend contacting each city's planning/zoning department directly for current regulations and enforcement approaches. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Erie Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 3% year-over-year, while RevPAR has decreased 29%. This indicates balanced supply-demand dynamics. The contraction in revenue relative to the minor supply shift points to a weakened demand environment where pricing power is constrained across the current inventory.

Launch around May, 2-3 months before peak summer season (August peaks). This pre-peak timing lets you build reviews when competition is 16% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (December-January) when gaining traction is harder.

The most common amenities in Erie listings include: Kitchen (97%), Air Conditioning (95%), Tv (86%), Washing Machine (64%), Heating (64%). Amenities that boost revenue the most include Hot Tub, Washing Machine, Air Conditioning, with Hot Tub properties earning approximately 34% more ($56K/year vs $41K/year).

Monthly estimated revenue per listing in Erie over the last 12 months: May: $2K, June: $2K, July: $3K, August: $3K, September: $2K, October: $1K, November: $1K, December: $970, January: $659, February: $701, March: $1K, April: $1K. 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 Erie is $247, up 18% year-over-year. By property size: 1-bedroom properties average $150/night, 2-bedroom properties average $191/night, 3-bedroom properties average $259/night, 4+ bedroom properties average $423/night. Rates peak in August and are lowest in May.

Guests in Erie book an average of 35 days in advance, down 21% from last year. By property size: 1-bedroom: 30 days, 2-bedroom: 33 days, 3-bedroom: 37 days, 4+ bedroom: 44 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Erie Airbnb and VRBO market has seen the following changes: supply declined 3%, revenue per listing decreased 29%, occupancy fell 16%, average nightly rates increased 18%, and lead time decreased 21%. The combination of higher nightly rates and lower occupancy suggests a shift toward shorter, more expensive stays amid reduced booking velocity.

In Erie, Saturday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Saturday and are lowest on Wednesday. Weekends show 79% higher occupancy than weekdays.