Reno

As of May 2026, Truckee, Tahoe City, Kings Beach have 988 active Airbnb and VRBO listings. This represents a 17% decrease from the previous year.

The average Airbnb or VRBO in Reno generates $40K per year. High-performing properties earn $66K/year, while low-performing properties earn $13K/year. The stark variance suggests that revenue in this market is highly polarized, with top-tier assets capturing significant market share despite a contraction in total supply and overall revenue.

Average home prices in Reno vary by property size: 1-bedroom properties cost approximately $230K, 2-bedroom homes average $381K, 3-bedroom properties are around $468K, and 4+ bedroom homes average $539K. These prices reflect median home values across the Truckee, Tahoe City, Kings Beach area.

Airbnb and VRBO can be profitable in Reno, with an average gross yield of 8% across all properties. High-performing properties achieve yields up to 12%, which is considered top for short-term rental investment. This yield spread highlights how select units effectively insulate themselves against broader market revenue declines.

The average occupancy rate for Airbnbs and VRBOs in Reno is 45%. This occupancy level, combined with an average nightly rate of $237, results in a RevPAR (revenue per available room) of $70 per day.

4+ bedroom properties demonstrate the strongest performance in Reno, with an average gross yield of 12% and annual revenue of $75K. These properties balance purchase price ($539K), operating costs, and rental demand most effectively in the Reno market.

Short-term rental regulations vary by jurisdiction in the Reno area. Truckee: Strict. Permit required, 14-day annual cap for non-hosted rentals, owner-occupancy strongly encouraged. Active enforcement with significant fines and permit revocations. Tahoe City: Strict. Part of unincorporated Placer County - permit required, allocation system limits new permits, occupancy restrictions. Active code enforcement with penalties. Kings Beach: Strict. Part of unincorporated Placer County - same allocation system, permit mandatory, caps on new STRs. Regular inspections and enforcement actions against unpermitted rentals. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Reno Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 17% year-over-year, while RevPAR has decreased 19%. This indicates balanced supply-demand dynamics. This equilibrium suggests that while the market is consolidating, the reduction in inventory is currently keeping pace with the softening demand environment.

Launch around January, 2-3 months before peak summer season (April peaks). This pre-peak timing lets you build reviews when competition is 31% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (January-November) when gaining traction is harder.

The most common amenities in Reno listings include: Air Conditioning (97%), Kitchen (93%), Tv (91%), Washing Machine (87%), Heating (68%). Amenities that boost revenue the most include Washing Machine, Air Conditioning, Pets Allowed, with Washing Machine properties earning approximately 44% more ($58K/year vs $40K/year).

Monthly estimated revenue per listing in Reno over the last 12 months: May: $2K, June: $2K, July: $3K, August: $3K, September: $2K, October: $2K, November: $2K, December: $2K, January: $2K, February: $2K, March: $2K, April: $3K. 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 Reno is $237, up 24% year-over-year. By property size: 1-bedroom properties average $133/night, 2-bedroom properties average $197/night, 3-bedroom properties average $271/night, 4+ bedroom properties average $412/night. Rates peak in December and are lowest in May.

Guests in Reno book an average of 28 days in advance, down 15% from last year. By property size: 1-bedroom: 23 days, 2-bedroom: 29 days, 3-bedroom: 30 days, 4+ bedroom: 33 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Reno Airbnb and VRBO market has seen the following changes: supply declined 17%, revenue per listing decreased 19%, occupancy fell 4%, average nightly rates increased 24%, and lead time decreased 15%. These shifts point to a market prioritizing higher price points despite thinner booking volumes and shorter planning windows.

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