Painesville, OH Airbnb Market Data, Statistics, and Occupancy Rates

Painesville Short-Term Rental Market Overview

Painesville, OH is a compact short-term rental market with just 21 active Airbnb listings and an ROI score of 81 out of 100, reflecting standout investment potential driven by an above-average revenue-to-price ratio and favorable supply/demand dynamics. With average home values around $325,736 and annual revenue averaging $32,126, the market offers an accessible entry point compared to many Ohio destinations. The presence of lake and beach access amenities across a significant share of listings suggests proximity to Lake Erie is a meaningful demand driver, giving this small market a leisure-travel edge that supports summer peak performance.

Key Market Statistics

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

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

Why Investors Consider Painesville

Painesville attracts investor attention for its low entry cost relative to revenue potential, growing supply signaling rising demand, and proximity to Lake Erie as a natural demand driver.

Expert Market Assessment

"Painesville presents a moderate-to-strong opportunity for STR investors who can tolerate seasonal revenue swings. The market's August peak of $4,991 in average monthly revenue is nearly five times the January low of $1,031, which means the warm-weather months carry the bulk of annual income. With an ROI score of 81 and above-average marks on revenue-to-price ratio, market growth, and supply/demand balance, this is a market rewarding early entrants — though the current 16% occupancy rate (well below Ohio's 34% average) suggests there's room for operational improvement and pricing optimization."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Painesville

Average revenue by month in Painesville

Revenue in Painesville follows a strong seasonal curve, peaking in August at $4,991 and bottoming out in January–February around $1,026–$1,031 — a nearly 5x spread. The summer-through-fall corridor from May to November consistently exceeds $2,400/month, giving investors roughly seven months of solid cash flow to offset the quieter winter period.

Active Airbnb listings by property size in Painesville

The entire reportable supply in Painesville consists of 1-bedroom properties, with 9 active listings in that category. This concentration suggests potential opportunity for investors willing to bring larger properties — 2- or 3-bedroom homes — to a market where those configurations are currently absent or underrepresented.

Average daily rate (ADR) by property size in Painesville

One-bedroom listings in Painesville command an ADR of $125, well below the overall market average of $194 — indicating that larger or premium properties in the broader market are pulling that average up significantly. For investors targeting 1-bedroom units, the $125 nightly rate is a realistic baseline for financial modeling.

Average RevPAN by property size in Painesville

One-bedroom properties generate a RevPAN of just $13, reflecting the combination of a $125 ADR and 11% occupancy. This signals that while nightly rates are reasonable, filling nights consistently — especially during the off-season — remains the primary challenge for smaller units in this market.

Average occupancy rates by property size in Painesville

One-bedroom units average an 11% occupancy rate, notably below both the market-wide 16% average and the 34% Ohio state average. This lower fill rate for smaller properties suggests investors in this segment should focus heavily on listing optimization, dynamic pricing, and marketing to maximize booked nights.

Average monthly revenue by property size in Painesville

One-bedroom properties in Painesville average $1,305 in monthly revenue, roughly half the market-wide average of $2,677. This gap indicates that any larger properties operating in the market are significantly outperforming 1-bedrooms on a monthly revenue basis, reinforcing the potential upside of larger configurations.

Average annual revenue by property size in Painesville

At $15,662 in average annual revenue, 1-bedroom listings generate about half of the market-wide $32,126 average. Investors targeting higher revenue potential should explore larger property sizes that appear to be driving the market's overall performance figures.

Most common amenities for Airbnb listings in Painesville

Parking is universal at 100% of listings, followed by kitchens (91%) and self check-in (86%), reflecting baseline guest expectations in this market. Notably, 43% of listings offer lake access and 38% feature beach access, signaling that proximity to Lake Erie is a key differentiator — properties with waterfront or lake-adjacent positioning likely command premium demand during peak season.

Understanding Painesville's ROI Score: 81/100

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

Painesville's ROI score of 81 out of 100 places it in the 'Standout Opportunity' band, driven primarily by an above-average revenue-to-price ratio and favorable supply/demand balance — meaning the market isn't overcrowded and homes remain affordable relative to their earning potential. Occupancy stability scores as average, reflecting the pronounced seasonality that defines this Lake Erie–adjacent market. Investors should pair these promising metrics with thorough local regulatory research and realistic seasonal cash-flow planning to fully capitalize on the opportunity.

Short-Term Rental Regulations in Painesville

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

Permit Requirements

Short-term rental operators in Painesville, OH may be required to obtain permits or register with local authorities before listing their property. Investors should verify current requirements directly with the City of Painesville and the State of Ohio, as regulations in smaller markets can change with limited public notice.

Key Restrictions

Common STR restrictions in Ohio municipalities can include occupancy limits, minimum stay requirements, noise ordinances, and parking mandates. HOA rules may also apply in certain neighborhoods, and investors should review any deed restrictions or community covenants before purchasing a property intended for short-term rental use.

Tax Obligations

Ohio imposes state and county lodging taxes on short-term rentals, and platforms like Airbnb often collect and remit these on behalf of hosts. Investors should confirm whether any additional local transient occupancy taxes apply in Painesville and ensure they remain compliant with all applicable filing obligations.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Painesville's STR market is expected to continue growing, with active listings up 78% year-over-year signaling increasing investor interest and demand recognition. Seasonal patterns indicate strong summer performance — August revenue hit nearly $5,000 — with softer winter months in the $1,000–$1,100 range, so investors should plan cash reserves accordingly. ADR may see modest upward pressure in the $190–$200 range as supply matures and listings professionalize, though occupancy rates — currently around 16% — will likely need to climb toward the state average for the market to fully mature."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Painesville, OH

What is the average Airbnb occupancy rate in Painesville?

The average Airbnb occupancy rate in Painesville is currently 16%, which is below the Ohio state average of 34%. This lower rate reflects the market's strong seasonality — demand surges during summer months and tapers significantly in winter. Hosts who optimize pricing and minimum-stay strategies during peak periods can often outperform the market average.

How much do Airbnb hosts make in Painesville?

Airbnb hosts in Painesville earn an average of $2,677 per month and approximately $32,126 per year, based on trailing 12-month booking data. Revenue varies significantly by season, with August being the highest-earning month at $4,991 and January the lowest at $1,031. Individual results depend on property quality, location, pricing strategy, and guest experience.

Is Painesville a good market for Airbnb investment?

Painesville scores 81 out of 100 on Rabbu's ROI Score, placing it in the 'Standout Opportunity' tier. The market benefits from an above-average revenue-to-price ratio, favorable supply/demand balance, and above-average growth trends. With only 21 active listings and average home values around $325,736, it offers a relatively low barrier to entry with meaningful upside for well-managed properties.

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

The average daily rate for Airbnb listings in Painesville is $194, which is below the Ohio state average of $250. For 1-bedroom properties specifically, the ADR is $125. The lower ADR compared to the state average reflects Painesville's positioning as a more affordable getaway destination, though it also means lower acquisition costs can still yield competitive returns.

Are short-term rentals legal in Painesville?

Short-term rentals are generally permitted in Painesville, OH, though operators may need to obtain local permits or register with the city. Regulations can vary and evolve, so prospective investors should contact the City of Painesville and review any applicable state-level Ohio requirements before purchasing or listing a property.

When is peak season for Airbnb in Painesville?

Peak season in Painesville runs from June through October, with August leading the way at $4,991 in average monthly revenue. October also performs strongly at $3,937, likely driven by fall foliage and seasonal events. The off-peak months of January and February see the lowest revenue at around $1,026–$1,031, making this a decidedly seasonal market.

How many Airbnbs are there in Painesville?

There are currently 21 active Airbnb listings in Painesville as of April 2026. The market has seen substantial growth, with active listings increasing 78% year-over-year. This relatively small supply base means there's still room for new entrants, though investors should monitor growth trends to ensure demand keeps pace with supply additions.

How is Airbnb revenue calculated in Painesville?

The annual and monthly revenue figures for Painesville are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market — not a forward-looking projection. We average each comparable listing's actual revenue per available night (RevPAN) by month over the past year, drop regional outliers, and roll the remainder up to a market-level historical average. This anchors the figures to what hosts have actually earned recently rather than to forecasts, while still naturally reflecting seasonal peaks and slower months because each month uses its own historical performance. 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 for Painesville and comparable markets
• Occupancy rates and average daily rate trends by property size and season
• Revenue and yield metrics including RevPAN, monthly, and annual revenue estimates
• Home value data sourced from the Zillow Home Value Index (ZHVI) for investment analysis
• Data aggregated from multiple providers and proprietary Rabbu analytics for consistency

Sources and disclaimers

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 and tax requirements may change; investors should verify current rules with city and state authorities before purchasing. Individual property results will vary based on location, condition, pricing strategy, and management quality.