Penn Yan, NY Airbnb Market Data, Statistics, and Occupancy Rates

Penn Yan Short-Term Rental Market Overview

Penn Yan sits at the heart of New York's Finger Lakes wine country, and its short-term rental market reflects the strong seasonal tourism that draws visitors to Keuka Lake and surrounding vineyards. With an average annual revenue of $51,614 and an above-average revenue-to-price ratio, the market offers investors a compelling entry point compared to pricier New York destinations. The 76 active listings and 108% year-over-year listing growth signal rising investor interest, though the 25% average occupancy rate—well below the 40% state average—underscores the market's heavily seasonal character.

Key Market Statistics

According to Rabbu market data, the Penn Yan 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 Penn Yan

Penn Yan attracts STR investors thanks to its favorable revenue-to-property-cost ratio and the reliable summer demand fueled by Finger Lakes tourism.

Expert Market Assessment

"Penn Yan presents an attractive but distinctly seasonal opportunity for STR investors. Revenue swings dramatically from a winter low of roughly $1,026 in January to a summer peak of $10,310 in August—a tenfold difference that demands careful cash-flow planning. The market's above-average revenue-to-price ratio and moderate ROI score of 62 out of 100 suggest solid fundamentals for investors who can weather the off-season, particularly those targeting larger lakefront properties that command the highest nightly rates. However, the below-average supply/demand balance and rapid listing growth warrant monitoring, as increased competition could compress returns if demand doesn't keep pace."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Penn Yan

Average revenue by month in Penn Yan

Penn Yan's revenue is overwhelmingly concentrated in summer, with August ($10,310) and July ($9,472) generating roughly five to ten times the income of winter months like January ($1,026) and February ($1,438). Investors should expect to earn the majority of their annual income between June and October, making off-season cost management essential to profitability.

Active Airbnb listings by property size in Penn Yan

Three-bedroom properties dominate supply with 24 listings, followed by 2-bedrooms (18) and 4-bedrooms (14), while 5-bedroom homes are the scarcest at just 5 listings. The limited supply of larger properties—paired with their higher revenue potential—could represent an opportunity for investors willing to acquire bigger homes near Keuka Lake.

Average daily rate (ADR) by property size in Penn Yan

ADR scales steeply with property size in Penn Yan, jumping from $170 for 1-bedroom units to $552 for 5-bedroom homes. The most dramatic price jump occurs between 3-bedroom ($284) and 4-bedroom ($421) properties, suggesting that the premium guests pay for extra space and group capacity is especially pronounced in this lakeside market.

Average RevPAN by property size in Penn Yan

Five-bedroom properties deliver the highest RevPAN at $84, closely followed by 3-bedrooms ($76) and 2-bedrooms ($75), while 4-bedrooms lag notably at just $46 despite their high ADR. This suggests that 4-bedroom listings may be overpriced relative to their fill rate, whereas 5-bedroom and mid-sized units strike a better balance between nightly rate and occupancy.

Average occupancy rates by property size in Penn Yan

Smaller properties fill more consistently, with 1-bedrooms leading at 30% occupancy and 2-bedrooms close behind at 28%, while 4-bedroom listings trail significantly at just 11%. The steep occupancy drop-off for larger properties means investors in the 4-bedroom segment should price aggressively or offer distinctive amenities to improve fill rates.

Average monthly revenue by property size in Penn Yan

Monthly revenue increases with property size across the board, from $2,454 for 1-bedroom listings to $9,292 for 5-bedroom homes. The jump from 4-bedrooms ($5,976) to 5-bedrooms ($9,292) is particularly notable—a 55% revenue increase—making the largest properties the top earners despite their lower occupancy.

Average annual revenue by property size in Penn Yan

Five-bedroom properties lead annual revenue at $111,505, more than double the $53,113 earned by 3-bedroom units and nearly four times the $29,450 from 1-bedroom listings. For investors targeting maximum gross income, larger lakefront homes offer the strongest revenue potential, though acquisition costs and carrying expenses during the off-season should be carefully weighed.

Most common amenities for Airbnb listings in Penn Yan

Parking (99%) and a full kitchen (95%) are near-universal among Penn Yan listings, reflecting the rural, self-catering nature of Finger Lakes stays. Notably, 43% of listings offer lake access and 42% are waterfront—amenities that likely command significant ADR premiums and signal that proximity to Keuka Lake is a key differentiator for top-performing properties.

Understanding Penn Yan's ROI Score: 62/100

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

Penn Yan's ROI score of 62 out of 100 places it in the 'Attractive Opportunity' band, driven primarily by an above-average revenue-to-price ratio that gives investors a stronger income-to-cost foundation than many New York markets. Occupancy stability and market growth trend both rate as average, while the supply/demand balance scores below average—reflecting the 108% surge in new listings that may challenge fill rates going forward. Pairing these metrics with thorough local regulatory research and a realistic seasonal cash-flow model will help investors determine whether Penn Yan fits their portfolio.

Short-Term Rental Regulations in Penn Yan

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

Permit Requirements

Penn Yan, located in Yates County, New York, may require short-term rental operators to obtain a local permit or register their property before listing. Investors should verify current requirements directly with the Village of Penn Yan or the Town of Milo, as municipal rules in the Finger Lakes region can vary by jurisdiction.

Key Restrictions

Common restrictions in similar New York markets include occupancy limits, minimum stay requirements, noise and parking regulations, and caps on the number of permitted short-term rentals within certain zones. HOA or lakefront association rules may impose additional constraints, so reviewing deed covenants before purchasing is strongly recommended.

Tax Obligations

Short-term rental hosts in New York are generally subject to state and county occupancy taxes, and platforms like Airbnb often collect and remit a portion of these on the host's behalf. Investors should confirm any additional local lodging or tourism tax obligations specific to Yates County or the Village of Penn Yan.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Penn Yan's STR market is likely to continue benefiting from the Finger Lakes region's growing reputation as a leisure destination, with summer months driving the bulk of annual returns. Occupancy may edge toward 27–30% on an annualized basis as hosts refine pricing strategies and midweek bookings improve during peak season. ADR could see modest increases in the 2–4% range for well-appointed lakefront properties, though the rapid growth in new listings may put downward pressure on fill rates during shoulder and winter months. Investors should plan conservatively around the pronounced seasonality and budget for several lean months between November and April."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Penn Yan, NY

What is the average Airbnb occupancy rate in Penn Yan?

The average Airbnb occupancy rate in Penn Yan is currently 25%, which falls below the New York state average of 40%. This reflects the market's highly seasonal nature—occupancy surges during the summer months when Finger Lakes tourism peaks, then drops significantly during winter. Smaller properties (1–2 bedrooms) tend to fill more consistently, reaching 28–30% occupancy, while larger 4-bedroom units average around 11%.

How much do Airbnb hosts make in Penn Yan?

Airbnb hosts in Penn Yan earn an average of $4,301 per month or approximately $51,614 per year based on trailing 12-month performance data. Earnings vary significantly by property size: 1-bedroom listings average about $29,450 annually, while 5-bedroom properties can bring in around $111,505. The bulk of revenue is concentrated in the summer months, with August alone averaging $10,310 per listing.

Is Penn Yan a good market for Airbnb investment?

Penn Yan scores 62 out of 100 on Rabbu's ROI Score, placing it in the 'Attractive Opportunity' category. The market benefits from an above-average revenue-to-price ratio, meaning the income potential relative to property costs is stronger than many New York markets. Investors should be prepared for pronounced seasonality—summer months generate the vast majority of annual revenue—and should factor in the recent 108% year-over-year growth in active listings when assessing competition levels.

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

The average daily rate for Airbnb listings in Penn Yan is $314, which is below the New York state average of $381. Rates scale meaningfully with property size: 1-bedroom units average $170 per night, while 5-bedroom properties command around $552. Lakefront access and premium outdoor amenities tend to support higher nightly pricing in this market.

Are short-term rentals legal in Penn Yan?

Short-term rentals generally operate in Penn Yan, NY, but local regulations may require permits, registration, or adherence to specific zoning requirements. Rules can differ between the Village of Penn Yan and surrounding townships, so prospective investors should consult local government offices or a real estate attorney familiar with Yates County regulations before purchasing a property for STR use.

When is peak season for Airbnb in Penn Yan?

Peak season in Penn Yan runs from June through September, with July and August being the strongest months. August leads at $10,310 in average monthly revenue, followed by July at $9,472. Revenue drops sharply after October and reaches its lowest point in January at approximately $1,026. This roughly ten-to-one swing between peak and off-peak months makes summer performance critical to annual returns.

How many Airbnbs are there in Penn Yan?

There are currently 76 active Airbnb listings in Penn Yan as of April 2026. The market has experienced significant growth, with a 108% year-over-year increase in active listings. Three-bedroom properties make up the largest share of supply at 24 listings, followed by 2-bedrooms at 18 and 4-bedrooms at 14.

How is Airbnb revenue calculated in Penn Yan?

The annual and monthly revenue figures for Penn Yan 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, remove regional outliers, and roll the remainder 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. 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 the Penn Yan market
• Average daily rate, occupancy, and RevPAN metrics benchmarked against state averages
• Monthly and annual revenue trends based on trailing 12-month booking performance
• Property size breakdowns for listings, rates, occupancy, and revenue
• 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 historical averages and may not capture very recent market shifts. Local regulations, HOA rules, and tax obligations vary and should be independently verified before investing.