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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Hemet presents a competitive opportunity: investor interest and demand are strong, but higher prices or tighter competition may require more selective deal sourcing.
Hemet, CA is a small but rapidly expanding short-term rental market with just 55 active Airbnb listings and a remarkable 241% year-over-year growth in supply. Average annual revenue sits at $22,175, driven by a pronounced seasonal swing that peaks in spring. With an average daily rate of $158—well below the $551 California state average—and home values around $529,445, the market offers a lower cost of entry relative to many Southern California alternatives, though occupancy at 30% trails the state average of 43%.
According to Rabbu market data, the Hemet short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 55 |
| Average Daily Rate (ADR) | vs. $551 state avg. | $158 |
| Average Occupancy Rate | vs. 43% state avg. | 30% |
| RevPAN | ADR * Occupancy Rate | $47 |
| Average Monthly Revenue | Historical 12-month average | $1,847 |
| Average Annual Revenue | Historical 12-month average | $22,175 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.
Hemet appeals to investors seeking affordable California real estate with growing STR demand and the potential for above-market returns on larger properties.
Key investment factors
"Hemet presents a competitive but approachable opportunity for STR investors willing to be selective. The market's ROI score of 43 out of 100 reflects an average revenue-to-price ratio paired with below-average occupancy stability—meaning cash flow can be uneven across the calendar. Seasonality is the defining characteristic here: April peaks at $3,647 in average monthly revenue while September bottoms out near $1,184, a spread that demands prudent financial planning. Larger properties substantially outperform smaller ones, and investors who target 3-bedroom homes and manage pricing aggressively through the spring shoulder months stand the best chance of generating meaningful returns."
— Rabbu Market Analysis Team
Hemet's revenue cycle is heavily seasonal, peaking in April at $3,647 and bottoming out in September at $1,184—a spread of more than $2,400. The spring months (February through April) represent the prime earning window, while summer through early fall sees a significant lull that investors should budget for.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,714 |
| February |
|
$2,177 |
| March |
|
$3,076 |
| April |
|
$3,647 |
| May |
|
$1,461 |
| June |
|
$1,270 |
| July |
|
$1,538 |
| August |
|
$1,542 |
| September |
|
$1,184 |
| October |
|
$1,202 |
| November |
|
$1,651 |
| December |
|
$1,706 |
One-bedroom listings dominate Hemet's supply with 27 of 55 active properties (49%), followed by 11 three-bedroom and just 7 two-bedroom listings. The relatively thin supply of 2- and 3-bedroom homes may signal an opportunity for investors willing to offer larger units, which also tend to perform better on revenue and occupancy metrics.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
27 |
| 2 bedrooms |
|
7 |
| 3 bedrooms |
|
11 |
ADR nearly doubles from 1-bedroom ($99/night) to 3-bedroom ($196/night) properties in Hemet. Given that 3-bedroom units command roughly twice the nightly rate of 1-bedrooms, the premium-to-size trade-off is substantial and supports the case for investing in larger configurations.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$99 |
| 2 bedrooms |
|
$137 |
| 3 bedrooms |
|
$196 |
Revenue per available night climbs steeply with property size: 1-bedrooms generate just $24, 2-bedrooms reach $47, and 3-bedrooms lead at $87. This more than 3.5x gap between the smallest and largest sizes reflects both higher rates and better occupancy for larger properties, making them far more efficient earners.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$24 |
| 2 bedrooms |
|
$47 |
| 3 bedrooms |
|
$87 |
Occupancy rises meaningfully with size—1-bedroom units fill just 25% of available nights, 2-bedrooms hit 34%, and 3-bedrooms achieve 44%. Investors prioritizing cash-flow stability should note that only 3-bedroom properties approach the statewide average occupancy of 43%.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
25% |
| 2 bedrooms |
|
34% |
| 3 bedrooms |
|
44% |
Three-bedroom listings in Hemet generate $3,034 in average monthly revenue, more than triple the $911 earned by 1-bedroom units. Two-bedroom properties fall in between at $2,076, suggesting that even a modest step up in size delivers substantially better monthly income.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$911 |
| 2 bedrooms |
|
$2,076 |
| 3 bedrooms |
|
$3,034 |
At $36,419 per year, 3-bedroom properties deliver the strongest annual return potential—over 3.3x the $10,933 earned by 1-bedrooms and roughly 46% more than 2-bedrooms at $24,920. For investors weighing purchase price against earning power, the 3-bedroom category clearly offers the best revenue scale in Hemet.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$10,933 |
| 2 bedrooms |
|
$24,920 |
| 3 bedrooms |
|
$36,419 |
Parking (93%) and a kitchen (91%) are near-universal in Hemet listings, reflecting guest expectations for a self-sufficient stay. Self check-in (82%), a workspace (73%), and a backyard (67%) round out the top five, while premium amenities like a pool (15%) and hot tub (11%) remain rare—potentially offering differentiation for listings that include them.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
93% |
| Kitchen |
|
91% |
| Self Check-in |
|
82% |
| Workspace |
|
73% |
| Backyard |
|
67% |
| Patio or Balcony |
|
55% |
| Washer |
|
55% |
| Dryer |
|
53% |
| Outdoor Furniture |
|
49% |
| BBQ Grill |
|
42% |
| Pets |
|
35% |
| Pool |
|
15% |
| Hot Tub |
|
11% |
| Gym |
|
4% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Hemet Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Average | 40% |
| Occupancy Stability | Below average | 30% |
| Market Growth Trend | Above average | 15% |
| Supply/Demand Balance | Average | 15% |
Hemet's ROI score of 43 out of 100 places it in the 'Competitive Opportunity' band, meaning returns are achievable but require more deliberate deal sourcing. The score reflects an average revenue-to-price ratio and average supply/demand balance, tempered by below-average occupancy stability—though above-average market growth provides a counterweight. Pairing this data with thorough local regulatory research and a focus on larger, higher-performing property types will help investors identify the deals where Hemet's potential translates into real returns.
Understanding local STR regulations is essential before investing in Hemet. Here's the current regulatory landscape:
The City of Hemet and the State of California may require short-term rental operators to obtain a business license, STR permit, or registration before listing a property. Investors should verify current requirements directly with the Hemet city planning department and the California Department of Tax and Fee Administration.
Common restrictions in California STR markets include occupancy limits, minimum-stay requirements, noise ordinances, parking mandates, and potential HOA limitations. Some municipalities also impose caps on the number of active permits, so it's worth confirming whether Hemet enforces any such caps before committing to a purchase.
Short-term rental operators in California are generally subject to transient occupancy taxes and potentially state sales tax. Platforms like Airbnb often collect and remit these taxes on behalf of hosts, but investors should confirm their obligations with the City of Hemet and the state to ensure full compliance.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Hemet can provide current regulatory guidance.
Financing an Airbnb investment in Hemet requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Hemet's above-average market growth trend suggests continued new listing activity and rising investor interest. Seasonal demand should keep spring months robust, with ADR potentially edging up 2–4% as supply matures and operators optimize pricing. However, occupancy stability remains below average, so investors should plan for softer months between June and October where monthly revenue may dip below $1,300. Careful property selection—particularly larger units—and dynamic pricing strategies will be essential to capturing the market's upside."
— 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. Local regulations, permit requirements, and tax obligations may change; always verify current rules with the City of Hemet and State of California before investing. Individual property results will vary based on location, condition, amenities, pricing strategy, and management quality.
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