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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Bishop offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
Bishop, CA sits at the gateway to the Eastern Sierra, drawing outdoor enthusiasts year-round to destinations like Mammoth Mountain, the John Muir Wilderness, and the Owens Valley. With just 51 active Airbnb listings and an average annual revenue of $42,100, the market offers an attractive supply-demand dynamic for investors willing to enter a small but growing destination. The ROI score of 72 out of 100 reflects above-average occupancy stability and market growth, making Bishop a compelling niche opportunity within California's broader short-term rental landscape.
According to Rabbu market data, the Bishop short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 51 |
| Average Daily Rate (ADR) | vs. $551 state avg. | $256 |
| Average Occupancy Rate | vs. 43% state avg. | 41% |
| RevPAN | ADR * Occupancy Rate | $105 |
| Average Monthly Revenue | Historical 12-month average | $3,508 |
| Average Annual Revenue | Historical 12-month average | $42,100 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.
Bishop's blend of outdoor recreation appeal, limited existing supply, and favorable revenue-to-price dynamics makes it an increasingly attractive market for STR investors seeking California exposure without coastal price premiums.
Key investment factors
"Bishop earns an "Attractive Opportunity" designation with its 72/100 ROI score, driven primarily by above-average occupancy stability and a favorable growth trajectory. Revenue peaks sharply in July and August — both topping $4,200 monthly — while February marks the softest period at $2,556, creating a roughly 67% spread between highs and lows. This seasonality is meaningful but not extreme, as winter months still pull respectable revenue from skiing-adjacent demand and holiday travel. Investors who target 2- or 3-bedroom properties can tap into the strongest revenue segments while benefiting from a market that hasn't yet been oversaturated."
— Rabbu Market Analysis Team
Bishop's revenue cycle peaks in July and August at $4,273 and $4,279 respectively, then tapers to a low of $2,556 in February — a spread of roughly 67%. December ($3,797) and March ($3,712) provide notable secondary peaks, suggesting winter recreation and spring break travel partially offset the quieter early-winter months.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$2,712 |
| February |
|
$2,556 |
| March |
|
$3,712 |
| April |
|
$2,758 |
| May |
|
$3,504 |
| June |
|
$3,726 |
| July |
|
$4,273 |
| August |
|
$4,279 |
| September |
|
$4,045 |
| October |
|
$3,516 |
| November |
|
$3,218 |
| December |
|
$3,797 |
One-bedroom units dominate Bishop's supply at 27 of 51 total listings, while 2-bedrooms (11) and 3-bedrooms (8) are far less represented. The relative scarcity of larger properties may signal an opportunity for investors, especially given the stronger revenue and occupancy metrics those sizes deliver.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
27 |
| 2 bedrooms |
|
11 |
| 3 bedrooms |
|
8 |
ADR scales steeply with size in Bishop: 1-bedrooms average $182, 2-bedrooms jump to $299, and 3-bedroom properties command $443 per night. The premium from 2 to 3 bedrooms is particularly notable at nearly $144, suggesting guests are willing to pay substantially more for group-friendly accommodations in this outdoor recreation market.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$182 |
| 2 bedrooms |
|
$299 |
| 3 bedrooms |
|
$443 |
Two- and 3-bedroom properties deliver nearly identical RevPAN at $160 and $162, respectively — more than double the $71 RevPAN of 1-bedroom units. This indicates that while 3-bedrooms have higher nightly rates, their lower occupancy (37%) brings their effective per-night revenue in line with the more consistently booked 2-bedroom category.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$71 |
| 2 bedrooms |
|
$160 |
| 3 bedrooms |
|
$162 |
Two-bedroom properties stand out with a 54% occupancy rate, well above the 39% for 1-bedrooms and 37% for 3-bedrooms. For investors prioritizing cash-flow consistency, the 2-bedroom segment offers the most reliable booking velocity in Bishop's market.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
39% |
| 2 bedrooms |
|
54% |
| 3 bedrooms |
|
37% |
Monthly revenue climbs meaningfully with each additional bedroom: 1-bedrooms average $2,565, 2-bedrooms earn $3,765, and 3-bedroom properties top the market at $5,748 per month. The jump from 1- to 3-bedroom revenue represents a 124% increase, underscoring the earning power of larger units in this outdoor destination.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$2,565 |
| 2 bedrooms |
|
$3,765 |
| 3 bedrooms |
|
$5,748 |
Three-bedroom properties lead Bishop's annual revenue at $68,981, more than double the $30,783 generated by 1-bedroom listings. Two-bedrooms sit solidly in between at $45,181, offering a strong balance of revenue potential and likely lower acquisition and operating costs compared to 3-bedroom homes.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$30,783 |
| 2 bedrooms |
|
$45,181 |
| 3 bedrooms |
|
$68,981 |
Parking (98%) and kitchen access (90%) are near-universal in Bishop's listings, reflecting guest expectations in a car-dependent mountain town where visitors cook after outdoor excursions. Laundry amenities (washer at 77%, dryer at 75%) and self check-in (65%) are also highly prevalent, while differentiation opportunities exist with hot tubs (16%), pools (14%), and pet-friendly policies (18%).
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
98% |
| Kitchen |
|
90% |
| Washer |
|
77% |
| Dryer |
|
75% |
| Self Check-in |
|
65% |
| Patio or Balcony |
|
55% |
| Workspace |
|
51% |
| BBQ Grill |
|
45% |
| Backyard |
|
45% |
| Outdoor Furniture |
|
28% |
| Pets |
|
18% |
| Hot Tub |
|
16% |
| Pool |
|
14% |
| Gym |
|
10% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Bishop Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Average | 40% |
| Occupancy Stability | Above average | 30% |
| Market Growth Trend | Above average | 15% |
| Supply/Demand Balance | Average | 15% |
Bishop's ROI score of 72 out of 100 places it in the "Attractive Opportunity" band, reflecting a market where revenue relative to property values is reasonable and demand patterns are notably stable. Above-average marks in occupancy stability and market growth trend are the strongest contributors, while the revenue-to-price ratio and supply/demand balance rate as average — suggesting that while returns are healthy, they aren't yet exceptional. Investors should pair this score with thorough local regulatory research and property-level underwriting to confirm the opportunity fits their return thresholds.
Understanding local STR regulations is essential before investing in Bishop. Here's the current regulatory landscape:
Operators in Bishop, California should expect that a short-term rental permit or business license may be required by the City of Bishop or Inyo County. Investors are strongly encouraged to verify current registration requirements with local planning and zoning authorities before listing a property.
Common restrictions in California STR markets include occupancy limits, minimum stay requirements, noise ordinances, and parking mandates. HOA rules may impose additional constraints, and some jurisdictions cap the total number of STR permits issued, so prospective hosts should confirm availability early in the acquisition process.
Short-term rental operators in California are typically subject to transient occupancy tax (TOT), and may also owe state sales tax depending on local rules. Many booking platforms collect and remit these taxes on behalf of hosts, but owners should confirm compliance with both the City of Bishop and the State of California.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Bishop can provide current regulatory guidance.
Financing an Airbnb investment in Bishop requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Bishop's STR market looks poised for continued momentum. Above-average market growth trends and strong summer-through-fall demand suggest ADRs could edge up 2–4%, particularly for larger properties that already command premium rates. Occupancy is expected to remain in the 40–45% range market-wide, with 2-bedroom units likely sustaining the strongest fill rates. Investors should watch listing growth closely — the 282% year-over-year increase in active listings signals rising competition that could moderate per-listing revenue if supply outpaces demand."
— Rabbu Market Analysis Team
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.
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. Data reflects trailing 12-month averages as of April 2026 and may not capture very recent market shifts. Local regulations, permit availability, and tax requirements can change; investors should verify current rules with municipal authorities before acquiring property.
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