Oakland, MD Airbnb Market Data, Statistics, and Occupancy Rates

Oakland Short-Term Rental Market Overview

Oakland, MD stands out as a lake-and-mountain vacation market where above-average revenue-to-price ratios give investors meaningful upside. With an average annual revenue of $43,208 across 348 active listings and an ADR of $365 that nearly matches the state average, the market delivers solid income potential — particularly for larger properties that can command premium nightly rates. The area's seasonal draw, anchored by summer lakefront demand, creates pronounced revenue peaks that reward investors who price and manage strategically.

Key Market Statistics

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

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.

Why Investors Consider Oakland

Investors are drawn to Oakland for its favorable revenue-to-price dynamics and the reliable summer tourism cycle that Deep Creek Lake and the surrounding Garrett County mountains generate.

Expert Market Assessment

"Oakland presents an attractive opportunity for STR investors who are comfortable with pronounced seasonality. August leads the revenue calendar at $9,401 per month on average, while April bottoms out near $1,477 — a spread that underscores the importance of pricing strategy and cash-flow planning through the off-season. The revenue-to-price ratio and market growth trend both rate above average, though occupancy stability sits at average and supply/demand balance is below average, suggesting the rapid influx of new listings could temper per-property performance if it continues unchecked."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Oakland

Average revenue by month in Oakland

Oakland's revenue curve is sharply seasonal: August leads at $9,401 and July follows at $7,071, while April is the softest month at just $1,477. The roughly 6× spread between peak and trough months means investors need robust reserves or diversified income to cover off-season carrying costs.

Active Airbnb listings by property size in Oakland

Four-bedroom properties represent the largest share of supply at 86 listings, with 3-bedrooms (77) and 5-bedrooms (70) also well represented. One-bedroom units account for 50 listings and 6+ bedrooms just 27, suggesting larger group-oriented homes dominate, though the smaller 6+ bedroom segment may offer less competition relative to its revenue potential.

Average daily rate (ADR) by property size in Oakland

ADR climbs steeply with size, from $202 for 1-bedroom units to $793 for 6+ bedroom properties — nearly a 4× premium. The sharpest jump occurs between 5-bedroom ($472) and 6+ bedroom ($793) homes, indicating that the largest properties capture outsized nightly rates from group and event travelers.

Average RevPAN by property size in Oakland

RevPAN follows a clear upward trajectory from $52 for 1-bedroom listings to $295 for 6+ bedroom properties, reflecting both higher ADR and stronger occupancy at the top end. The gap between 5-bedroom RevPAN ($118) and 6+ bedroom ($295) is especially striking, signaling that the largest homes convert their rate premium into meaningfully more revenue per available night.

Average occupancy rates by property size in Oakland

Occupancy is relatively flat across most property sizes at 25–27%, but 6+ bedroom homes break out at 37%, the highest in the market. This suggests large group-accommodation properties in the Deep Creek Lake area maintain steadier demand, offering more predictable cash flow than smaller units.

Average monthly revenue by property size in Oakland

Monthly revenue scales from $2,106 for 1-bedroom listings to $11,198 for 6+ bedroom properties, with each step up in size delivering a meaningful income boost. The 5-bedroom tier at $5,447 per month offers a strong middle ground, while the jump to 6+ bedrooms nearly doubles that figure.

Average annual revenue by property size in Oakland

Annual revenue potential ranges from $25,276 for 1-bedroom units to a remarkable $134,378 for 6+ bedroom homes. Investors targeting the highest absolute returns will find the 5-bedroom ($65,370) and 6+ bedroom segments most compelling, though acquisition costs and management complexity rise accordingly.

Most common amenities for Airbnb listings in Oakland

Parking and kitchen facilities top the list at 97% prevalence, followed closely by washer (96%), dryer (95%), and self check-in (95%) — these are baseline expectations rather than differentiators. Hot tubs (76%), lake access (45%), and waterfront positioning (32%) serve as the real competitive advantages, signaling that guests in this market prioritize outdoor and leisure amenities.

Understanding Oakland's ROI Score: 65/100

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

Oakland's ROI Score of 65 out of 100 places it in the 'Attractive Opportunity' band, driven primarily by an above-average revenue-to-price ratio and a positive market growth trend that suggest the area is still offering value relative to its earning potential. Occupancy stability rates as average while supply/demand balance is below average — the 83% year-over-year jump in listings warrants attention, as new supply could compress individual returns. Investors should pair this score with local regulatory research and a realistic assessment of seasonal cash-flow needs before committing.

Short-Term Rental Regulations in Oakland

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

Permit Requirements

Short-term rental operators in Oakland, Maryland may be required to obtain a rental license or permit through Garrett County or the Town of Oakland. Investors should verify current permit requirements directly with local government offices before listing a property.

Key Restrictions

Common STR restrictions in the area can include occupancy limits tied to bedroom count, minimum stay requirements during certain seasons, noise ordinances, parking mandates, and septic or well-water capacity rules for rural properties. HOA covenants in lakefront communities may impose additional limitations, so reviewing any applicable deed restrictions is essential.

Tax Obligations

Maryland imposes state sales and use tax on short-term accommodations, and Garrett County levies a local transient occupancy tax on rentals of fewer than 90 consecutive days. Major booking platforms typically collect and remit these taxes on behalf of hosts, but operators should confirm compliance with both state and county obligations.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Oakland's short-term rental market is likely to see continued demand growth fueled by leisure travelers seeking mountain and lake getaways within driving distance of major mid-Atlantic metros. The above-average market growth trend suggests listing counts and booking volume should keep climbing, though the 83% year-over-year growth in active listings signals new supply entering fast — investors should watch for occupancy pressure. We estimate ADR could hold steady or edge up 1–3% as larger, amenity-rich properties set the pace, while occupancy rates may hover in the 25–30% range annually given the market's strong seasonal concentration in July and August."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Oakland, MD

What is the average Airbnb occupancy rate in Oakland?

The average occupancy rate for Airbnb listings in Oakland, MD is currently 27%, which falls below the Maryland state average of 35%. This reflects the market's strong seasonal character — summer months drive the bulk of bookings, while the shoulder and winter seasons see lighter demand. Larger properties with 6+ bedrooms outperform at 37% occupancy, likely due to group bookings and family reunions.

How much do Airbnb hosts make in Oakland?

On average, Airbnb hosts in Oakland earn approximately $3,600 per month or $43,208 per year based on trailing 12-month performance. Revenue varies significantly by property size: a 1-bedroom averages about $25,276 annually, while a 6+ bedroom property can generate roughly $134,378 per year. Peak summer months like August can push monthly income above $9,400, so annual totals are heavily influenced by how well hosts capitalize on the high season.

Is Oakland a good market for Airbnb investment?

Oakland scores a 65 out of 100 on the Rabbu ROI Score, placing it in the 'Attractive Opportunity' category. The market benefits from an above-average revenue-to-price ratio and positive growth trends, making it appealing for investors who can handle seasonal cash-flow swings. The main watch items are below-average supply/demand balance driven by rapid listing growth and an occupancy rate that trails the state average, so thorough due diligence on property type and location is important.

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

The current average daily rate in Oakland is $365, just slightly below the Maryland state average of $368. ADR scales substantially with property size — 1-bedroom units average $202 per night, while 6+ bedroom homes command $793 per night. This premium for larger properties reflects the group-travel and vacation-home nature of the Deep Creek Lake area.

Are short-term rentals legal in Oakland?

Short-term rentals operate in Oakland, MD and throughout Garrett County, though operators may need to obtain appropriate permits or licenses and comply with local zoning regulations. Tax collection on short-term stays is required at both the state and county level. Investors should check with the Town of Oakland and Garrett County for the most current rules before purchasing or listing a property.

When is peak season for Airbnb in Oakland?

Peak season in Oakland runs through the summer months, with August being the clear standout at an average monthly revenue of $9,401, followed by July at $7,071. These two months alone can account for a large share of an investor's annual income. The slowest period is spring, with April averaging just $1,477, so investors should plan for meaningful revenue swings throughout the year.

How many Airbnbs are there in Oakland?

As of April 2026, there are 348 active Airbnb listings in Oakland, MD. The supply skews toward mid-size and larger properties: 4-bedroom homes lead with 86 listings, followed by 3-bedrooms at 77 and 5-bedrooms at 70. Year-over-year listing growth is 83%, indicating significant new supply entering the market.

How is Airbnb revenue calculated in Oakland?

The annual and monthly revenue figures shown for Oakland are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market — they are not forward-looking projections. 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 data. 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 by market and property size
• Average daily rate, occupancy, and RevPAN metrics with state-level benchmarks
• Monthly and annual revenue trends derived from trailing 12-month booking data
• Property value estimates sourced from the Zillow Home Value Index (ZHVI)
• Amenity prevalence data across active listings to identify guest expectations

Sources and disclaimers

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 averages and current snapshots as of the dates noted; market conditions can shift due to regulatory changes, economic factors, or new supply. Individual property results will vary based on location, condition, amenities, pricing strategy, and management quality.