Philadelphia

As of May 2026, Philadelphia, Camden, Wilmington have 4,182 active Airbnb and VRBO listings. This represents a 16% decrease from the previous year.

The average Airbnb or VRBO in Philadelphia generates $32K per year. High-performing properties earn $70K/year, while low-performing properties earn $11K/year. The massive delta between top and bottom earners suggests that revenue concentration is high, with a small subset of listings capturing the majority of market demand despite a shrinking supply base.

Average home prices in Philadelphia vary by property size: 1-bedroom properties cost approximately $214K, 2-bedroom homes average $275K, 3-bedroom properties are around $357K, and 4+ bedroom homes average $428K. These prices reflect median home values across the Philadelphia, Camden, Wilmington area.

Airbnb and VRBO can be profitable in Philadelphia, with an average gross yield of 8% across all properties. High-performing properties achieve yields up to 17%, which is considered top for short-term rental investment. This wide spread in yield potential highlights significant variance in operational efficiency and asset positioning within the current inventory.

The average occupancy rate for Airbnbs and VRBOs in Philadelphia is 39%. This occupancy level, combined with an average nightly rate of $192, results in a RevPAR (revenue per available room) of $63 per day.

4+ bedroom properties demonstrate the strongest performance in Philadelphia, with an average gross yield of 14% and annual revenue of $72K. These properties balance purchase price ($428K), operating costs, and rental demand most effectively in the Philadelphia market.

Short-term rental regulations vary by jurisdiction in the Philadelphia area. Philadelphia: Moderate. License required, owner-occupancy for whole-home rentals, 90-day cap for non-owner-occupied. Enforcement exists but inconsistent. Camden: Lenient. Business license required, zoning compliance. Minimal enforcement, hosts operate freely. Wilmington: Lenient. Business license and lodging tax registration required. Light enforcement, limited monitoring of compliance. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Philadelphia Airbnb and VRBO market is currently showing balanced with strong demand conditions. Supply has declined 16% year-over-year, while RevPAR has increased 25%. This indicates healthy demand growth outpacing supply. The tightening supply side is effectively concentrating existing guest interest, driving higher per-unit revenue performance across the board.

Launch around August, 2-3 months before peak fall season (November peaks). This pre-peak timing lets you build reviews when competition is 11% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (September-February) when gaining traction is harder.

The most common amenities in Philadelphia listings include: Air Conditioning (99%), Kitchen (95%), Tv (94%), Washing Machine (84%), Heating (84%). Amenities that boost revenue the most include Bbq, Gym, Washing Machine, with Bbq properties earning approximately 37% more ($63K/year vs $46K/year).

Monthly estimated revenue per listing in Philadelphia over the last 12 months: May: $2K, June: $2K, July: $2K, August: $2K, September: $2K, October: $2K, November: $2K, December: $2K, January: $1K, February: $1K, March: $2K, 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 Philadelphia is $192, up 19% year-over-year. By property size: 1-bedroom properties average $118/night, 2-bedroom properties average $191/night, 3-bedroom properties average $333/night, 4+ bedroom properties average $473/night. Rates peak in June and are lowest in February.

Guests in Philadelphia book an average of 26 days in advance, down 19% from last year. By property size: 1-bedroom: 22 days, 2-bedroom: 27 days, 3-bedroom: 33 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 Philadelphia Airbnb and VRBO market has seen the following changes: supply declined 16%, revenue per listing increased 25%, occupancy rose 10%, average nightly rates increased 19%, and lead time decreased 19%. These metrics reflect a shift toward a more responsive market where inventory scarcity is actively bolstering pricing power and utilization.

In Philadelphia, Saturday sees the highest booking demand while Monday has the lowest. Nightly rates peak on Saturday and are lowest on Monday. Weekends show 47% higher occupancy than weekdays.