Miami

As of May 2026, Miami, Miami Beach, Coral Gables have 8,113 active Airbnb and VRBO listings. This represents a 5% decrease from the previous year.

The average Airbnb or VRBO in Miami generates $58K per year. High-performing properties earn $122K/year, while low-performing properties earn $23K/year. The massive earnings gap relative to the 47% average occupancy highlights a market where revenue is heavily concentrated among top-tier assets, suggesting significant barriers to entry for under-optimized listings.

Average home prices in Miami vary by property size: 1-bedroom properties cost approximately $320K, 2-bedroom homes average $532K, 3-bedroom properties are around $902K, and 4+ bedroom homes average $975K. These prices reflect median home values across the Miami, Miami Beach, Coral Gables area.

Airbnb and VRBO can be profitable in Miami, with an average gross yield of 6% across all properties. High-performing properties achieve yields up to 13%, which is considered top for short-term rental investment. This yield spread indicates that while the broader market offers modest returns, elite assets are capturing disproportionate value in a supply-constrained environment.

The average occupancy rate for Airbnbs and VRBOs in Miami is 47%. This occupancy level, combined with an average nightly rate of $280, results in a RevPAR (revenue per available room) of $115 per day.

1-bedroom properties demonstrate the strongest performance in Miami, with an average gross yield of 12% and annual revenue of $39K. These properties balance purchase price ($320K), operating costs, and rental demand most effectively in the Miami market.

Short-term rental regulations vary by jurisdiction in the Miami area. Miami: Moderate. Business tax required, zoning restrictions vary by district. Some enforcement but many operate without permits. Miami Beach: Strict. Permits required, owner-occupancy mandatory for under 6 months, density caps in residential zones. Active code enforcement with significant fines. Coral Gables: Strict. STRs prohibited in single-family zones, only allowed in specific commercial areas with permits. Active enforcement, regular crackdowns on illegal rentals. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Miami Airbnb and VRBO market is currently showing balanced with strong demand conditions. Supply has declined 5% year-over-year, while RevPAR has increased 5%. This indicates healthy demand growth outpacing supply. The contraction in supply while revenue grows signals a tightening market where remaining hosts benefit from decreased local competition.

Launch around December, 2-3 months before peak winter season (March peaks). This pre-peak timing lets you build reviews when competition is 15% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (October-September) when gaining traction is harder.

The most common amenities in Miami listings include: Air Conditioning (99%), Kitchen (95%), Tv (85%), Washing Machine (82%), Balcony (59%). Amenities that boost revenue the most include Pool, Washing Machine, Hot Tub, with Pool properties earning approximately 53% more ($80K/year vs $53K/year).

Monthly estimated revenue per listing in Miami over the last 12 months: May: $3K, June: $3K, July: $3K, August: $2K, September: $2K, October: $3K, November: $3K, December: $5K, January: $4K, February: $4K, March: $6K, April: $4K. 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 Miami is $280, up 9% year-over-year. By property size: 1-bedroom properties average $192/night, 2-bedroom properties average $285/night, 3-bedroom properties average $407/night, 4+ bedroom properties average $801/night. Rates peak in March and are lowest in September.

Guests in Miami book an average of 29 days in advance, down 9% from last year. By property size: 1-bedroom: 26 days, 2-bedroom: 31 days, 3-bedroom: 32 days, 4+ bedroom: 37 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Miami Airbnb and VRBO market has seen the following changes: supply declined 5%, revenue per listing increased 5%, occupancy rose 2%, average nightly rates increased 9%, and lead time decreased 9%. These metrics suggest a pivot toward higher-velocity bookings and pricing power, reflecting a shift in consumer behavior toward more impulsive travel patterns.

In Miami, Saturday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Saturday and are lowest on Monday. Weekends show 36% higher occupancy than weekdays.