Syracuse

As of May 2026, Syracuse, Ithaca, Skaneateles have 1,095 active Airbnb and VRBO listings. This represents a 8% decrease from the previous year.

The average Airbnb or VRBO in Syracuse generates $27K per year. High-performing properties earn $60K/year, while low-performing properties earn $12K/year. The stark variance between top earners and the average suggests that revenue potential is heavily concentrated in a select group of listings rather than distributed evenly across the market.

Average home prices in Syracuse vary by property size: 1-bedroom properties cost approximately $133K, 2-bedroom homes average $200K, 3-bedroom properties are around $238K, and 4+ bedroom homes average $290K. These prices reflect median home values across the Syracuse, Ithaca, Skaneateles area.

Airbnb and VRBO can be profitable in Syracuse, with an average gross yield of 11% across all properties. High-performing properties achieve yields up to 25%, which is considered top for short-term rental investment. This wide spread in yield performance highlights a significant gap in operational efficiency or asset positioning among current market participants.

The average occupancy rate for Airbnbs and VRBOs in Syracuse is 33%. This occupancy level, combined with an average nightly rate of $232, results in a RevPAR (revenue per available room) of $50 per day.

4+ bedroom properties demonstrate the strongest performance in Syracuse, with an average gross yield of 15% and annual revenue of $46K. These properties balance purchase price ($290K), operating costs, and rental demand most effectively in the Syracuse market.

Short-term rental regulations vary by jurisdiction in the Syracuse area. Syracuse: Lenient. No specific STR regulations or permits required. Follows general zoning and tax rules. Minimal enforcement. Ithaca: Moderate. Registration required, owner-occupancy mandate for Type A (whole unit), 29-day minimum for non-owner-occupied. Moderate enforcement through complaints. Skaneateles: Strict. Village prohibits STRs under 30 days in residential zones. Active enforcement with violation notices. Some hosts operate despite ban. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Syracuse Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 8% year-over-year, while RevPAR has decreased 27%. This indicates balanced supply-demand dynamics. Despite the contraction in inventory, the sharper decline in revenue metrics points to a broader softening in traveler demand that outweighs the reduction in available listings.

Launch around May, 2-3 months before peak summer season (August peaks). This pre-peak timing lets you build reviews when competition is 14% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (March-January) when gaining traction is harder.

The most common amenities in Syracuse listings include: Kitchen (97%), Air Conditioning (93%), Tv (89%), Heating (76%), Washing Machine (61%). Amenities that boost revenue the most include Hot Tub, Air Conditioning, Internet, with Hot Tub properties earning approximately 45% more ($59K/year vs $41K/year).

Monthly estimated revenue per listing in Syracuse over the last 12 months: May: $1K, June: $2K, July: $2K, August: $2K, September: $2K, October: $2K, November: $1K, December: $1K, January: $927, February: $903, 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 Syracuse is $232, up 27% year-over-year. By property size: 1-bedroom properties average $175/night, 2-bedroom properties average $187/night, 3-bedroom properties average $240/night, 4+ bedroom properties average $390/night. Rates peak in August and are lowest in May.

Guests in Syracuse book an average of 31 days in advance, down 23% from last year. By property size: 1-bedroom: 30 days, 2-bedroom: 29 days, 3-bedroom: 31 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 Syracuse Airbnb and VRBO market has seen the following changes: supply declined 8%, revenue per listing decreased 27%, occupancy fell 17%, average nightly rates increased 27%, and lead time decreased 23%. These shifts suggest that while hosts are pushing higher rates, the resulting drop in occupancy and shorter booking windows signal increased friction in securing guest reservations.

In Syracuse, Saturday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Friday and are lowest on Tuesday. Weekends show 49% higher occupancy than weekdays.