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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Erie offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
Erie, PA stands out for its favorable revenue-to-property-price ratio, with average home values around $318,964 and annual STR revenue averaging $22,228. The market's 150 active Airbnb listings and pronounced summer seasonality — driven largely by Lake Erie tourism — create a landscape where well-positioned properties can capture strong returns during peak months. While occupancy sits at 27% (below the 36% state average), the low cost of entry relative to revenue potential keeps Erie on investors' radar.
According to Rabbu market data, the Erie short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 150 |
| Average Daily Rate (ADR) | vs. $350 state avg. | $145 |
| Average Occupancy Rate | vs. 36% state avg. | 27% |
| RevPAN | ADR * Occupancy Rate | $39 |
| Average Monthly Revenue | Historical 12-month average | $1,852 |
| Average Annual Revenue | Historical 12-month average | $22,228 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.
Erie appeals to investors seeking an affordable entry point into a seasonal lakefront market where the revenue-to-price ratio outperforms many Pennsylvania peers.
Key investment factors
"Erie represents a moderate-to-attractive opportunity for STR investors who can capitalize on its extreme seasonality. Revenue swings from roughly $821 in January to $3,644 in August, meaning cash-flow planning around shoulder and winter months is essential. The above-average revenue-to-price ratio and upward market growth trend provide a solid foundation, though the below-average supply/demand balance — partly reflected in the 79% listing growth — warrants caution about saturation. Investors who target 3- or 4-bedroom properties with lake-friendly amenities are best positioned to maximize returns in this market."
— Rabbu Market Analysis Team
Erie's revenue profile is sharply seasonal: August leads at $3,644 per month while January bottoms out at just $821, creating a roughly 4.4x spread between peak and trough. Investors should expect to earn the majority of annual income between May and September, making expense planning for slower winter months critical.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$821 |
| February |
|
$875 |
| March |
|
$1,161 |
| April |
|
$1,203 |
| May |
|
$2,003 |
| June |
|
$2,704 |
| July |
|
$3,603 |
| August |
|
$3,644 |
| September |
|
$2,157 |
| October |
|
$1,469 |
| November |
|
$1,304 |
| December |
|
$1,279 |
Supply is evenly split among 1-, 2-, and 3-bedroom properties (42, 42, and 47 listings respectively), while 4-bedroom units are notably scarce at just 14 listings. The limited 4-bedroom supply, combined with their higher revenue potential, may signal an underserved niche worth targeting.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
42 |
| 2 bedrooms |
|
42 |
| 3 bedrooms |
|
47 |
| 4 bedrooms |
|
14 |
ADR climbs steadily from $82 for 1-bedroom units to $229 for 4-bedroom properties, nearly a 3x premium. The jump from 2-bedrooms ($140) to 3-bedrooms ($166) is relatively modest, suggesting that 4-bedroom properties offer the steepest pricing power per incremental bedroom.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$82 |
| 2 bedrooms |
|
$140 |
| 3 bedrooms |
|
$166 |
| 4 bedrooms |
|
$229 |
Revenue per available night ranges from $24 for 1-bedroom listings to $50 for 4-bedroom properties, with 2- and 3-bedroom units clustered closely at $40 and $41. The $50 RevPAN for 4-bedroom units — more than double that of 1-bedrooms — makes larger properties the clear leader in revenue efficiency.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$24 |
| 2 bedrooms |
|
$40 |
| 3 bedrooms |
|
$41 |
| 4 bedrooms |
|
$50 |
Occupancy is highest for 1- and 2-bedroom units at 29%, tapering to 25% for 3-bedrooms and 22% for 4-bedrooms. While larger properties fill fewer nights, their substantially higher ADR more than compensates, resulting in superior overall revenue despite the occupancy gap.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
29% |
| 2 bedrooms |
|
29% |
| 3 bedrooms |
|
25% |
| 4 bedrooms |
|
22% |
Four-bedroom properties dominate monthly earnings at $3,453, roughly 3.5x the $991 generated by 1-bedroom units. Three-bedroom listings at $2,164 per month offer a solid middle ground, while 2-bedrooms bring in $1,757 — making all multi-bedroom configurations meaningfully stronger revenue producers than studios and one-bedrooms.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$991 |
| 2 bedrooms |
|
$1,757 |
| 3 bedrooms |
|
$2,164 |
| 4 bedrooms |
|
$3,453 |
Annual revenue ranges from $11,897 for 1-bedroom listings to $41,438 for 4-bedroom properties, with the latter offering the strongest return potential in the market. Given Erie's average home value of roughly $319K, a 4-bedroom property generating over $41K annually delivers a notably attractive gross yield compared to smaller configurations.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$11,897 |
| 2 bedrooms |
|
$21,092 |
| 3 bedrooms |
|
$25,971 |
| 4 bedrooms |
|
$41,438 |
Kitchens (99%) and parking (96%) are near-universal, reflecting guest expectations in a drive-to lakeside market where self-catering stays are the norm. Outdoor amenities like backyards (67%), patios (55%), and BBQ grills (42%) are common, while lake access (8%) and beach access (4%) remain rare differentiators that could command premium pricing for properties that offer them.
| Amenity | Trend | Value |
|---|---|---|
| Kitchen |
|
99% |
| Parking |
|
96% |
| Self Check-in |
|
89% |
| Washer |
|
72% |
| Dryer |
|
71% |
| Backyard |
|
67% |
| Workspace |
|
60% |
| Patio or Balcony |
|
55% |
| BBQ Grill |
|
42% |
| Outdoor Furniture |
|
40% |
| Pets |
|
35% |
| Lake Access |
|
8% |
| EV Charger |
|
4% |
| Beach Access |
|
4% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Erie Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Above average | 40% |
| Occupancy Stability | Average | 30% |
| Market Growth Trend | Above average | 15% |
| Supply/Demand Balance | Below average | 15% |
Erie's ROI Score of 61 out of 100 places it in the 'Attractive Opportunity' band, anchored by an above-average revenue-to-price ratio that makes the cost of entry compelling relative to potential earnings. Occupancy stability scores at average, while the market growth trend is above average — though the below-average supply/demand balance reflects the rapid 79% surge in new listings. Investors should pair these metrics with local regulatory research and a clear seasonal cash-flow plan to fully evaluate the opportunity.
Understanding local STR regulations is essential before investing in Erie. Here's the current regulatory landscape:
Short-term rental operators in Erie, Pennsylvania may need to obtain a rental permit or business registration through the city. Investors should verify current requirements with Erie's Department of Community and Economic Development and check for any state-level registration obligations.
Common restrictions that may apply include occupancy limits per bedroom, minimum-stay requirements, noise and parking regulations, and potential HOA restrictions in certain neighborhoods. As the market grows, investors should stay alert to any new permit caps or zoning changes the city might introduce.
STR operators in Pennsylvania are generally subject to state sales tax and local hotel occupancy taxes, though platforms like Airbnb often collect and remit some of these on the host's behalf. It's wise to confirm your specific obligations with Erie County and the Pennsylvania Department of Revenue.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Erie can provide current regulatory guidance.
Financing an Airbnb investment in Erie requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Erie's short-term rental market is likely to see continued growth in supply, given the 79% year-over-year increase in active listings. ADR may face modest pressure as new inventory enters, though summer months should continue to drive the bulk of annual revenue with peak earnings in the $3,000–$3,600 range. Occupancy rates are estimated to hold steady around 25–29% on an annualized basis, with above-average market growth trends potentially nudging RevPAN upward by 2–4% if demand keeps pace with supply additions."
— 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 Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month historical averages and market conditions as of the dates noted; actual results may differ. Local regulations, permit requirements, and tax obligations can change — always verify with municipal and state authorities before investing.
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