Great Valley

As of May 2026, Buffalo, Ellicottville, Chautauqua have 1,023 active Airbnb and VRBO listings. This represents a 4% increase from the previous year.

The average Airbnb or VRBO in Great Valley generates $33K per year. High-performing properties earn $76K/year, while low-performing properties earn $15K/year. This wide disparity suggests that revenue outcomes are highly polarized, with a small segment of inventory capturing significantly more market share than the average listing.

Average home prices in Great Valley vary by property size: 1-bedroom properties cost approximately $88K, 2-bedroom homes average $143K, 3-bedroom properties are around $168K, and 4+ bedroom homes average $186K. These prices reflect median home values across the Buffalo, Ellicottville, Chautauqua area.

Airbnb and VRBO can be profitable in Great Valley, with an average gross yield of 19% across all properties. High-performing properties achieve yields up to 44%, which is considered top for short-term rental investment. The gap between average and top-tier yields highlights substantial variance in asset efficiency and operational return potential within the local market.

The average occupancy rate for Airbnbs and VRBOs in Great Valley is 24%. This occupancy level, combined with an average nightly rate of $333, results in a RevPAR (revenue per available room) of $71 per day.

4+ bedroom properties demonstrate the strongest performance in Great Valley, with an average gross yield of 26% and annual revenue of $55K. These properties balance purchase price ($186K), operating costs, and rental demand most effectively in the Great Valley market.

Short-term rental regulations vary by jurisdiction in the Great Valley area. Buffalo: Moderate. Registration required, zoning restrictions apply, safety inspections needed. Enforcement exists but inconsistent across neighborhoods. Ellicottville: Lenient. No specific STR regulations, standard lodging tax collection. Minimal enforcement, popular resort town with many operating rentals. Chautauqua: Lenient. Permit required in some municipalities, varies by town. Light enforcement, seasonal tourism area with widespread STR activity. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Great Valley Airbnb and VRBO market is currently showing balanced conditions. Supply has grown 4% year-over-year, while RevPAR has decreased 20%. This indicates balanced supply-demand dynamics. The contraction in revenue despite modest supply growth points to a softening of consumer demand that is currently offsetting the impact of new inventory.

Launch around November, 2-3 months before peak winter season (February peaks). This pre-peak timing lets you build reviews when competition is 44% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (September-April) when gaining traction is harder.

The most common amenities in Great Valley listings include: Kitchen (97%), Air Conditioning (83%), Tv (80%), Washing Machine (76%), Heating (73%). Amenities that boost revenue the most include Hot Tub, Washing Machine, Air Conditioning, with Hot Tub properties earning approximately 153% more ($106K/year vs $42K/year).

Monthly estimated revenue per listing in Great Valley over the last 12 months: May: $1K, June: $2K, July: $2K, August: $2K, September: $1K, October: $2K, November: $1K, December: $3K, January: $4K, February: $4K, March: $2K, April: $820. 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 Great Valley is $333, up 12% year-over-year. By property size: 1-bedroom properties average $176/night, 2-bedroom properties average $221/night, 3-bedroom properties average $311/night, 4+ bedroom properties average $587/night. Rates peak in February and are lowest in April.

Guests in Great Valley book an average of 35 days in advance, down 15% from last year. By property size: 1-bedroom: 27 days, 2-bedroom: 31 days, 3-bedroom: 36 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 Great Valley Airbnb and VRBO market has seen the following changes: supply grew 4%, revenue per listing decreased 20%, occupancy fell 18%, average nightly rates increased 12%, and lead time decreased 15%. This combination of rising rates and falling occupancy suggests that hosts are attempting to maintain pricing power against declining consumer interest.

In Great Valley, Saturday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Friday and are lowest on Tuesday. Weekends show 113% higher occupancy than weekdays.