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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Kelleys Island shows standout short-term rental potential based on its current revenue, occupancy, and pricing trends.
Kelleys Island stands out as a micro-market with outsized earning potential for short-term rental investors. With just 5 active Airbnb listings and an average annual revenue of $126,280, the island's limited supply and strong summer demand create a compelling dynamic. The average daily rate of $688 — nearly three times the Ohio state average of $250 — reflects the premium travelers are willing to pay for a Lake Erie island getaway. While occupancy sits at 33%, closely tracking the state average, the extraordinary nightly rates more than compensate, delivering $224 in RevPAN.
According to Rabbu market data, the Kelleys Island short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 5 |
| Average Daily Rate (ADR) | vs. $250 state avg. | $688 |
| Average Occupancy Rate | vs. 34% state avg. | 33% |
| RevPAN | ADR * Occupancy Rate | $224 |
| Average Monthly Revenue | Historical 12-month average | $10,523 |
| Average Annual Revenue | Historical 12-month average | $126,280 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.
Kelleys Island's tiny supply, premium nightly rates, and seasonal island-tourism demand create an unusually high revenue-to-price ratio that few Ohio markets can match.
Key investment factors
"Kelleys Island earns an ROI score of 80 out of 100, placing it in the Standout Opportunity tier. The market's strength hinges on an extreme revenue concentration in summer — July alone averages $27,100 per listing, while January dips to $1,866 — so investors should plan cash flow around a pronounced seasonal curve. What makes this island compelling is the combination of premium pricing, minimal competition, and a favorable supply/demand balance that together drive above-average returns despite a relatively brief high season. Investors who can weather the quieter winter months will find the summer earnings more than justify year-round ownership costs."
— Rabbu Market Analysis Team
Kelleys Island exhibits extreme seasonality: July peaks at $27,100 in average revenue while January bottoms out at $1,866 — a spread of more than 14×. The core earning window spans May through August, accounting for the vast majority of annual income, so investors should build financial plans around a concentrated summer season.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,866 |
| February |
|
$2,542 |
| March |
|
$4,581 |
| April |
|
$5,844 |
| May |
|
$12,660 |
| June |
|
$20,046 |
| July |
|
$27,100 |
| August |
|
$24,093 |
| September |
|
$10,842 |
| October |
|
$8,841 |
| November |
|
$4,242 |
| December |
|
$3,620 |
Property-size breakdowns are not available for this market due to the very small number of active listings. With only 5 total Airbnbs on the island, granular supply data by bedroom count is limited.
| Size | Trend | Value |
|---|
ADR data by property size is not currently available for Kelleys Island. The market-wide average of $688 per night is the best reference point for pricing expectations across all property types.
| Size | Trend | Value |
|---|
RevPAN breakdowns by bedroom count are not available given the island's tiny inventory. The overall market RevPAN of $224 per available night provides a strong benchmark, reflecting the balance between high nightly rates and seasonal occupancy patterns.
| Size | Trend | Value |
|---|
Occupancy data by property size is unavailable for this micro-market. The market-wide average of 33% is shaped primarily by the sharp seasonal cycle, with much higher occupancy likely during the May–August window.
| Size | Trend | Value |
|---|
Monthly revenue by property size is not reported due to the limited number of listings. Investors can reference the overall $10,523 monthly average as a baseline, keeping in mind that summer months dramatically outperform winter.
| Size | Trend | Value |
|---|
Annual revenue by bedroom count is not available for Kelleys Island. The market-level average of $126,280 per year provides a useful top-line figure, though individual property performance will depend on size, location on the island, and amenity mix.
| Size | Trend | Value |
|---|
Kitchens and self check-in are universal (100%) across Kelleys Island listings, while BBQ grills and parking appear in 80% — signaling that guests expect a self-sufficient, outdoor-oriented vacation experience. Waterfront and lake access amenities (40%) represent differentiators that can help listings command premium rates in this island market.
| Amenity | Trend | Value |
|---|---|---|
| Kitchen |
|
100% |
| Self Check-in |
|
100% |
| BBQ Grill |
|
80% |
| Parking |
|
80% |
| Backyard |
|
60% |
| Dryer |
|
60% |
| Outdoor Furniture |
|
60% |
| Patio or Balcony |
|
60% |
| Washer |
|
60% |
| Lake Access |
|
40% |
| Waterfront |
|
40% |
| Beach Access |
|
20% |
| Beachfront |
|
20% |
| Pets |
|
20% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Kelleys Island Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Above average | 40% |
| Occupancy Stability | Above average | 30% |
| Market Growth Trend | Below average | 15% |
| Supply/Demand Balance | Above average | 15% |
Kelleys Island's ROI score of 80 out of 100 places it in the Standout Opportunity band, driven primarily by an above-average revenue-to-price ratio and a favorable supply/demand balance that rewards the island's handful of hosts. Occupancy stability also rates above average, though market growth trend scores below average — a reflection of the island's inherently small, seasonal market rather than a red flag. Investors should pair these metrics with up-to-date local regulatory research and a realistic assessment of winter cash-flow gaps before committing.
Understanding local STR regulations is essential before investing in Kelleys Island. Here's the current regulatory landscape:
Short-term rental operators on Kelleys Island should verify whether a permit or registration is required through the Village of Kelleys Island and Erie County, as well as the State of Ohio. Local zoning and property-use ordinances can vary even on small islands, so confirming compliance before purchasing is essential.
Common restrictions that may apply include occupancy limits, minimum-stay requirements, noise and nuisance ordinances, and parking regulations — all of which can be more impactful in a tight-knit island community. Investors should also check for any HOA covenants or seasonal-use limitations that could affect rental operations.
Ohio requires the collection of a lodging or transient occupancy tax, and Erie County may impose additional hotel/motel taxes on short-term stays. Many booking platforms handle tax collection and remittance automatically, but hosts should confirm their obligations with local and state tax authorities to ensure full compliance.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Kelleys Island can provide current regulatory guidance.
Financing an Airbnb investment in Kelleys Island requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Kelleys Island is likely to maintain its sharp seasonal pattern, with the bulk of revenue concentrated between May and September. Investors should anticipate ADR holding firm in the $650–$725 range during peak months given the island's constrained supply, though the 190% year-over-year growth in active listings bears watching — if new inventory enters at scale, it could temper pricing power. Occupancy during the winter shoulder months will likely remain modest, so annual projections should account for four to five strong earning months carrying the year. Overall, revenue estimates suggest the market should continue rewarding well-positioned properties, particularly those offering outdoor amenities and waterfront appeal."
— 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. With only 5 active listings, small changes in inventory can significantly shift market averages. Local regulations and tax obligations may change; investors should verify current rules with local authorities before purchasing.
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