Philadelphia, PA Airbnb Market Data, Statistics, and Occupancy Rates

Philadelphia Short-Term Rental Market Overview

Philadelphia's short-term rental market presents an attractive entry point for investors, with average home values around $395,891 and annual revenue averaging $21,506 across 2,113 active listings. The city's blend of historical tourism, university-driven demand, and a busy convention calendar creates diverse booking sources, while an ADR of $141 — well below the $350 state average — keeps nightly rates accessible to a broad guest pool. Larger properties in particular show strong revenue premiums, suggesting room for strategic investors to outperform market averages.

Key Market Statistics

According to Rabbu market data, the Philadelphia 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 Philadelphia

Philadelphia draws STR investors because of its relatively affordable property prices, diverse demand drivers, and a market that balances supply and revenue at sustainable levels.

Expert Market Assessment

"With an ROI score of 63 out of 100, Philadelphia lands in the "Attractive Opportunity" tier — a market where revenue-to-price ratios, occupancy stability, growth trends, and supply-demand balance all register at average levels without any glaring red flags. Seasonality is moderate: revenue dips notably in January and February but holds above $1,600 from March through December, giving hosts roughly ten productive months per year. Investors targeting 3- to 4-bedroom properties can tap into annual revenue ranging from $36,513 to $45,225, which paired with sub-$400K home values offers a credible path to positive cash flow. The market rewards operational excellence — strong pricing, guest-friendly amenities, and consistent reviews — more than it rewards simply showing up."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Philadelphia

Average revenue by month in Philadelphia

Philadelphia exhibits clear seasonality, with May ($2,354) and June ($2,282) leading as peak revenue months while January ($984) and February ($1,010) form a pronounced winter trough. The roughly 2.4× spread between the best and worst months means investors should budget for softer winter cash flow while planning aggressive pricing from late spring through fall.

Active Airbnb listings by property size in Philadelphia

One-bedroom listings dominate Philadelphia's supply at 1,069 units — more than half of all active listings — followed by 2-bedrooms (445) and 3-bedrooms (250). Larger configurations of 4+ bedrooms account for only 183 listings combined, suggesting less competition and potential pricing power for investors targeting group travelers or families.

Average daily rate (ADR) by property size in Philadelphia

ADR scales sharply with property size in Philadelphia, climbing from $96 for 1-bedrooms to $312 for 4-bedrooms and $436 for 6+ bedroom homes. The jump from 2-bedrooms ($147) to 3-bedrooms ($214) represents one of the steepest percentage increases, making mid-size properties a sweet spot where the premium-to-acquisition-cost trade-off may be most favorable.

Average RevPAN by property size in Philadelphia

Four-bedroom properties deliver the strongest RevPAN among standard sizes at $109, outperforming even 5-bedrooms ($100) thanks to a better occupancy-to-rate balance. Studios ($41) and 1-bedrooms ($34) trail significantly, while 6+ bedroom homes lead overall at $118 — though their thin supply of just 15 listings makes that figure less reliable as a benchmark.

Average occupancy rates by property size in Philadelphia

Occupancy rates are relatively compressed across property sizes, ranging from 27% for 6+ bedrooms up to 40% for studios. The consistency in the 33–36% band for 1- through 5-bedroom properties suggests that guest demand is broad-based rather than concentrated in any single segment, giving investors flexibility in property selection.

Average monthly revenue by property size in Philadelphia

Monthly revenue climbs steadily from $1,237 for 1-bedroom units to $5,454 for 6+ bedroom properties, with the most dramatic jump occurring between 2-bedrooms ($2,107) and 3-bedrooms ($3,042). Investors focused on cash flow will note that 4-bedroom listings averaging $3,768 per month nearly triple the output of the dominant 1-bedroom category.

Average annual revenue by property size in Philadelphia

Annual revenue potential ranges from $14,846 for 1-bedrooms to $65,457 for 6+ bedroom properties, with 4-bedrooms ($45,225) and 5-bedrooms ($51,542) offering strong returns against Philadelphia's average home values. Given that the typical property costs around $395,891, larger configurations present the most compelling gross-yield picture, though investors should factor in higher operating costs and furnishing expenses.

Most common amenities for Airbnb listings in Philadelphia

Kitchens (90%), self check-in (83%), and parking (80%) top the amenity list, reflecting guest expectations for convenience and independence in an urban market. Workspace availability at 76% underscores demand from remote workers and business travelers, while pet-friendliness (40%) represents a differentiator that fewer than half of hosts currently offer.

Understanding Philadelphia's ROI Score: 63/100

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

Philadelphia's ROI score of 63 out of 100 places it in the "Attractive Opportunity" band, indicating a market where short-term rental economics are sound without being exceptional. All four calculation factors — Revenue-to-Price Ratio, Occupancy Stability, Market Growth Trend, and Supply/Demand Balance — register at average levels, which means there's no single standout driver but also no major weakness dragging the market down. Investors should pair this score with on-the-ground regulatory research and neighborhood-level analysis to identify pockets where returns can exceed the market average.

Short-Term Rental Regulations in Philadelphia

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

Permit Requirements

Philadelphia, Pennsylvania requires short-term rental operators to obtain the appropriate permits and business licenses before listing a property. Investors should verify current registration requirements directly with the City of Philadelphia's Department of Licenses and Inspections, as rules can evolve.

Key Restrictions

Common restrictions that may apply include occupancy limits, minimum-stay requirements, noise and parking ordinances, and potential caps on the number of permits issued in certain neighborhoods. HOA or condo association rules can add another layer of limitation, so reviewing governing documents before purchasing is essential.

Tax Obligations

Short-term rental hosts in Pennsylvania are generally subject to state and local occupancy taxes, as well as applicable sales taxes. Platforms like Airbnb often collect and remit some of these taxes on behalf of hosts, but operators should confirm their full tax obligations with a local tax professional.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Philadelphia's STR market is expected to maintain steady demand, with occupancy likely hovering in the 33–40% range depending on property size and seasonal timing. The monthly revenue data shows a clear ramp from winter lows near $984 to summer peaks above $2,300, and we estimate ADR could see modest increases of 1–3% as hosts continue refining pricing strategies. Supply growth appears balanced — all four ROI calculation factors register at average levels — so the market is unlikely to face a sudden oversupply shock. Investors entering now should plan cash reserves to ride out the January–February soft season while capitalizing on the stronger May through October corridor."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Philadelphia, PA

What is the average Airbnb occupancy rate in Philadelphia?

The average occupancy rate across active Airbnb listings in Philadelphia currently sits at 35%, which is just below the 36% Pennsylvania state average. Occupancy varies by property size — studios lead at 40%, while 6+ bedroom properties average 27%. Hosts who invest in competitive amenities, sharp pricing, and strong guest experiences can typically push well above the market average.

How much do Airbnb hosts make in Philadelphia?

On average, Airbnb hosts in Philadelphia earn roughly $1,792 per month or $21,506 annually, based on trailing 12-month booking data. Revenue scales significantly with property size: 1-bedroom listings average about $14,846 per year, while 4-bedroom properties bring in around $45,225 and 6+ bedroom homes can reach $65,457 annually. Individual results depend on location, property quality, pricing strategy, and management.

Is Philadelphia a good market for Airbnb investment?

Philadelphia earns a Rabbu ROI Score of 63 out of 100, placing it in the "Attractive Opportunity" category. The market benefits from relatively affordable home values averaging $395,891, diverse demand drivers including tourism and business travel, and a ten-month productive booking season from March through December. While occupancy and ADR sit at average levels for the state, the favorable revenue-to-price ratio makes it a compelling option for investors willing to operate efficiently.

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

The current average daily rate in Philadelphia is $141, which is significantly below the Pennsylvania state average of $350. ADR rises substantially with property size — from $96 for 1-bedroom units up to $436 for 6+ bedroom homes. This range means investors can position properties at various price points depending on their target guest segment.

Are short-term rentals legal in Philadelphia?

Short-term rentals do operate in Philadelphia, with over 2,113 active Airbnb listings currently in the market. However, operators are expected to comply with local permitting, licensing, and zoning requirements set by the City of Philadelphia. Regulations can change, so prospective investors should consult the city's licensing department and a local attorney to ensure full compliance before listing a property.

When is peak season for Airbnb in Philadelphia?

Peak season in Philadelphia runs from roughly May through October, with May generating the highest average monthly revenue at $2,354 and October close behind at $2,071. The slowest months are January ($984) and February ($1,010), creating a clear winter trough. Savvy hosts adjust pricing and minimum stays seasonally to maximize revenue during the busy corridor and minimize vacancy in the quieter months.

How many Airbnbs are there in Philadelphia?

As of April 2026, there are 2,113 active Airbnb listings in Philadelphia. The supply is heavily concentrated in smaller properties — 1-bedroom listings account for 1,069 of the total, followed by 2-bedrooms at 445 and 3-bedrooms at 250. Larger properties (4+ bedrooms) represent a smaller share of supply, which may signal less competition and more pricing power for investors in that segment.

How is Airbnb revenue calculated in Philadelphia?

The annual and monthly revenue figures shown for Philadelphia 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. 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
• Occupancy rates, average daily rates, and RevPAN trends across bedroom configurations
• Monthly and annual revenue metrics based on trailing 12-month booking data
• Home value benchmarks sourced from the Zillow Home Value Index (ZHVI)
• Amenity prevalence data across active listings to inform property setup decisions

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. Local regulations, permit requirements, and tax obligations can change — always verify current rules with municipal authorities before investing. Individual property results may vary significantly based on location, condition, management quality, and pricing strategy.