Aztec, NM Airbnb Market Data, Statistics, and Occupancy Rates

Aztec Short-Term Rental Market Overview

Aztec, NM is a small but emerging short-term rental market with just 15 active Airbnb listings and an average annual revenue of $19,946 per property. While the average daily rate of $122 sits well below New Mexico's $249 state average, property values around $389,768 paired with a favorable supply/demand balance create an intriguing entry point for investors willing to operate in a niche market. The 177% year-over-year growth in active listings signals rising investor interest, though the market's low 25% occupancy rate warrants careful underwriting.

Key Market Statistics

According to Rabbu market data, the Aztec short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.

Why Investors Consider Aztec

Investors look at Aztec for its relatively affordable property prices, favorable supply/demand dynamics, and proximity to outdoor recreation destinations in northwestern New Mexico.

Expert Market Assessment

"Aztec presents a moderate investment opportunity best suited for investors who are comfortable with pronounced seasonality and a small, emerging market. Revenue peaks in July at $2,358 per month and drops to roughly $935 in February — a spread that underscores the importance of summer bookings to annual cash flow. The ROI score of 57 out of 100, categorized as an "Attractive Opportunity," reflects average revenue-to-price ratios and occupancy stability tempered by below-average market growth trends. Investors who can manage costs during slower winter months and capitalize on the strong summer window may find this market rewarding, especially given the limited competition."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Aztec

Average revenue by month in Aztec

Aztec shows strong seasonality with July delivering the highest average revenue at $2,358 and February marking the low point at just $935 — a spread of nearly $1,400. The summer months (May–August) consistently outperform the rest of the year, making this a market where investors need to budget carefully for winter cash flow gaps.

Active Airbnb listings by property size in Aztec

The market's 15 active listings are concentrated in two size categories: 1-bedroom (6 listings) and 3-bedroom (7 listings), with virtually no supply in the 2-bedroom or 4+ bedroom segments. This gap could represent an opportunity for investors targeting underserved property sizes, though demand validation would be important before pursuing that strategy.

Average daily rate (ADR) by property size in Aztec

ADR increases modestly from $109 for 1-bedroom properties to $133 for 3-bedroom units, a roughly 22% premium for tripling the bedroom count. This suggests that larger properties offer better value to guests on a per-bedroom basis, which likely contributes to their higher occupancy rates.

Average RevPAN by property size in Aztec

Three-bedroom properties deliver a RevPAN of $38, nearly 73% higher than the $22 RevPAN for 1-bedroom listings. This gap reflects both the higher nightly rate and stronger occupancy that larger units command in Aztec, making 3-bedroom properties the clear efficiency leaders in the market.

Average occupancy rates by property size in Aztec

Three-bedroom listings achieve a 29% average occupancy rate compared to just 20% for 1-bedroom units, though both figures trail the statewide 36% average. The relatively low occupancy across both sizes reinforces that Aztec is a seasonal, low-volume market where consistent bookings shouldn't be taken for granted.

Average monthly revenue by property size in Aztec

Three-bedroom properties generate an average of $2,115 per month — more than double the $1,051 monthly average for 1-bedroom listings. For investors weighing property size, the revenue jump from a 1-bedroom to a 3-bedroom significantly outpaces the likely incremental operating costs.

Average annual revenue by property size in Aztec

At $25,388 per year, 3-bedroom properties earn roughly twice what 1-bedroom units bring in at $12,618. Given average home values of $389,768 in the area, investors should carefully assess whether a 3-bedroom acquisition price still supports an acceptable yield at the $25K annual revenue level.

Most common amenities for Airbnb listings in Aztec

Kitchen and parking are universal at 100% of listings, reflecting the practical expectations of guests visiting this rural New Mexico market. Self check-in (87%), washer (80%), and BBQ grill (73%) are also highly prevalent, while hot tubs remain rare at just 13% — potentially offering a differentiator for hosts willing to invest in that upgrade.

Understanding Aztec's ROI Score: 57/100

Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.

How the ROI Score is Calculated

What This Means for Investors

Aztec's ROI score of 57 out of 100 places it in the "Attractive Opportunity" band, reflecting a market where average revenue-to-price ratios and steady — if unspectacular — occupancy stability create a workable investment profile. The above-average supply/demand balance is a notable bright spot, suggesting the market isn't yet overcrowded, while the below-average market growth trend signals that demand hasn't accelerated as quickly as listing supply. Investors should pair this data with local regulatory research and careful seasonal cash flow modeling to determine whether Aztec's numbers work for their specific investment criteria.

Short-Term Rental Regulations in Aztec

Understanding local STR regulations is essential before investing in Aztec. Here's the current regulatory landscape:

Permit Requirements

Short-term rental operators in Aztec, New Mexico may be required to obtain a business license or STR permit from the city or San Juan County. Investors should verify current registration and permitting requirements directly with the City of Aztec and the State of New Mexico before listing a property.

Key Restrictions

Common STR restrictions in New Mexico municipalities can include occupancy limits, minimum stay requirements, noise ordinances, and parking provisions. Some properties may also be subject to HOA covenants that limit or prohibit short-term rentals, so reviewing deed restrictions and any local zoning rules is essential before purchasing.

Tax Obligations

Short-term rental hosts in New Mexico are generally subject to the state's gross receipts tax as well as any applicable local lodger's tax. Many booking platforms collect and remit these taxes on behalf of hosts, but operators should confirm compliance with both state and local tax authorities.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Aztec can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Aztec's STR market is likely to see continued supply growth given the sharp recent increase in listings, which could put pressure on occupancy rates that already sit at 25%. Summer months — particularly June and July — should continue to drive the bulk of annual revenue, with monthly earnings potentially reaching $2,100–$2,400 during peak season. ADR may hold steady or see modest increases of 1–3% as hosts refine pricing strategies, but investors should plan for pronounced seasonality, with winter months potentially dipping below $1,000 in revenue. Overall demand estimates remain moderate, and the market's trajectory will depend on whether tourism and outdoor recreation interest in the Four Corners region continues to grow."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Aztec, NM

What is the average Airbnb occupancy rate in Aztec?

The average occupancy rate for Airbnb listings in Aztec is currently 25%, which is below the New Mexico state average of 36%. Occupancy varies by property size, with 3-bedroom properties averaging 29% and 1-bedroom units averaging 20%. These figures reflect the market's seasonal nature, with higher occupancy during summer months and softer demand in winter.

How much do Airbnb hosts make in Aztec?

Airbnb hosts in Aztec earn an average of $1,662 per month or approximately $19,946 per year based on trailing 12-month performance data. Revenue varies significantly by property size — 3-bedroom listings average $2,115 monthly ($25,388 annually) while 1-bedroom properties bring in about $1,051 per month ($12,618 annually). Peak earning months are June and July, where monthly revenue can exceed $2,100.

Is Aztec a good market for Airbnb investment?

Aztec scores 57 out of 100 on Rabbu's ROI Score, placing it in the "Attractive Opportunity" category. The market benefits from an above-average supply/demand balance with only 15 active listings, and average home values around $389,768 provide a reasonable entry point. However, below-average market growth trends and a 25% occupancy rate mean investors should plan for significant seasonality and conduct thorough financial analysis before committing.

What is the average daily rate (ADR) for Airbnb in Aztec?

The average daily rate for Airbnb listings in Aztec is $122, which is considerably lower than the New Mexico state average of $249. ADR scales with property size: 1-bedroom listings average $109 per night while 3-bedroom properties command $133 per night. These rates reflect the market's positioning as an affordable destination rather than a luxury or resort market.

Are short-term rentals legal in Aztec?

Short-term rentals are generally permitted in Aztec, New Mexico, though operators may need to obtain appropriate business licenses or permits from the city or county. As with any market, local regulations can change, so prospective investors should verify current rules with the City of Aztec, San Juan County, and the State of New Mexico. Checking for any HOA restrictions on your specific property is also recommended.

When is peak season for Airbnb in Aztec?

Peak season for Airbnb rentals in Aztec runs from May through August, with July being the highest-earning month at an average of $2,358 in revenue. June is also strong at $2,132. The off-peak period spans from November through February, with February being the slowest month at just $935 in average revenue — roughly 40% of the July peak.

How many Airbnbs are there in Aztec?

There are currently 15 active Airbnb listings in Aztec as of April 2026. The market is split between 1-bedroom properties (6 listings) and 3-bedroom properties (7 listings), with the remaining listings in other configurations. Notably, the number of active listings has grown 177% year over year, indicating rapidly increasing investor interest in this small market.

How is Airbnb revenue calculated in Aztec?

The annual and monthly revenue figures for Aztec are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market — not a forward-looking projection. We average each comparable listing's actual revenue per available night (RevPAN) by month over the past year, remove regional outliers, and roll the results up to a market-level historical average. This approach anchors the figures to what hosts have actually earned recently while naturally reflecting seasonal peaks and slower months, since each month uses its own historical performance. Individual results can vary based on property quality, pricing strategy, and operational management.

About Rabbu Market Data

Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.

What this data includes

• Regularly updated active Airbnb and STR listing counts for Aztec, NM
• Average daily rate, occupancy, and RevPAN metrics across property sizes
• Monthly and annual revenue trends based on trailing 12-month booking data
• Property value benchmarks from the Zillow Home Value Index (ZHVI)
• Amenity prevalence data across active listings in the market

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Local regulations, permit requirements, and tax obligations may change; always verify current rules with city and state authorities before investing. Individual property results will vary based on location, condition, pricing strategy, and management quality.