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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Tracy appears higher risk based on current data and may require deeper, property-specific diligence to find compelling opportunities.
Tracy, CA is a small short-term rental market with just 67 active Airbnb listings and an average annual revenue of $15,481 per property — well below what the state's typical STR generates. With an average daily rate of $137 (compared to a $551 state average) and occupancy sitting at 33% versus the 43% state benchmark, the market presents meaningful headwinds for investors. A 152% year-over-year growth in active listings signals rapidly increasing supply, which could further pressure already-soft performance metrics.
According to Rabbu market data, the Tracy short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 67 |
| Average Daily Rate (ADR) | vs. $551 state avg. | $137 |
| Average Occupancy Rate | vs. 43% state avg. | 33% |
| RevPAN | ADR * Occupancy Rate | $45 |
| Average Monthly Revenue | Historical 12-month average | $1,290 |
| Average Annual Revenue | Historical 12-month average | $15,481 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.
Investors may consider Tracy for its relatively affordable entry into the Northern California corridor, though current STR fundamentals suggest caution and property-specific diligence are essential.
Key investment factors
"Tracy currently earns a limited investment potential rating, driven by below-average revenue-to-price ratios and soft occupancy that trails the state average by 10 percentage points. Seasonality is moderate — revenue peaks in July at roughly $1,599 and bottoms out in January near $928, creating a spread of about $670 between the best and worst months. The rapid expansion of supply (152% YoY) in a market with only 67 listings raises concerns about saturation in a demand environment that hasn't yet proven it can absorb significant new inventory. Investors who do find opportunities here will likely need to focus on larger, well-amenitized properties and maintain disciplined pricing strategies."
— Rabbu Market Analysis Team
Tracy's revenue seasonality is moderate, peaking in July at $1,599 and dipping to a low of $928 in January — a spread of roughly 72%. The May–July window represents the strongest earning period, while the first quarter is consistently the softest, which investors should factor into cash-flow planning.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$928 |
| February |
|
$1,042 |
| March |
|
$1,194 |
| April |
|
$1,179 |
| May |
|
$1,547 |
| June |
|
$1,440 |
| July |
|
$1,599 |
| August |
|
$1,402 |
| September |
|
$1,377 |
| October |
|
$1,328 |
| November |
|
$1,213 |
| December |
|
$1,226 |
One-bedroom listings dominate Tracy's supply with 40 of the 67 active listings, while 2- and 3-bedroom properties each have just 6 listings. The relative scarcity of mid-size (2–3 bedroom) properties could signal a niche opportunity, though low overall demand in the market tempers that prospect.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
40 |
| 2 bedrooms |
|
6 |
| 3 bedrooms |
|
6 |
| 4 bedrooms |
|
12 |
ADR scales steeply with size in Tracy, jumping from $69 for 1-bedroom units to $320 for 4-bedroom properties — a 4.6x premium. The largest jump occurs between 3-bedroom ($184) and 4-bedroom listings, suggesting that group-friendly homes command a significant pricing advantage in this market.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$69 |
| 2 bedrooms |
|
$127 |
| 3 bedrooms |
|
$184 |
| 4 bedrooms |
|
$320 |
Revenue per available night follows the same upward trajectory as ADR, with 4-bedroom properties leading at $102 RevPAN compared to just $24 for 1-bedrooms. Even after accounting for occupancy, larger properties generate materially more revenue per night available, reinforcing their stronger income profile.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$24 |
| 2 bedrooms |
|
$46 |
| 3 bedrooms |
|
$62 |
| 4 bedrooms |
|
$102 |
Occupancy rates are remarkably flat across all property sizes in Tracy, ranging from 32% for 4-bedrooms to 36% for 2-bedrooms. This uniformity means that revenue differences between sizes are driven almost entirely by rate premiums rather than booking frequency, and no property type stands out for fill-rate consistency.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
34% |
| 2 bedrooms |
|
36% |
| 3 bedrooms |
|
34% |
| 4 bedrooms |
|
32% |
Monthly revenue diverges sharply by size: 4-bedroom homes average $3,567 per month, roughly five times the $712 earned by 1-bedroom listings. Two-bedroom units generate $1,300 and 3-bedrooms earn $2,255, making larger configurations the clear path to meaningful monthly cash flow in this market.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$712 |
| 2 bedrooms |
|
$1,300 |
| 3 bedrooms |
|
$2,255 |
| 4 bedrooms |
|
$3,567 |
At $42,813 per year, 4-bedroom properties deliver the strongest annual revenue in Tracy — nearly five times the $8,554 earned by 1-bedroom listings. Three-bedroom properties at $27,069 offer a middle ground, though investors should weigh these revenue figures against acquisition and operating costs to assess true return potential.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$8,554 |
| 2 bedrooms |
|
$15,610 |
| 3 bedrooms |
|
$27,069 |
| 4 bedrooms |
|
$42,813 |
Parking is nearly universal at 97% of listings, reflecting Tracy's car-dependent suburban layout, while self check-in (75%) and kitchen access (69%) round out the top three. The prevalence of workspace amenities at 67% suggests hosts are catering to remote workers and extended-stay guests, and the relatively low penetration of premium amenities like hot tubs (10%) could represent a differentiation opportunity.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
97% |
| Self Check-in |
|
75% |
| Kitchen |
|
69% |
| Workspace |
|
67% |
| Washer |
|
64% |
| Dryer |
|
58% |
| Backyard |
|
48% |
| Pets |
|
40% |
| Patio or Balcony |
|
31% |
| Outdoor Furniture |
|
30% |
| BBQ Grill |
|
21% |
| EV Charger |
|
10% |
| Gym |
|
10% |
| Hot Tub |
|
10% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Tracy Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Below average | 40% |
| Occupancy Stability | Below average | 30% |
| Market Growth Trend | Below average | 15% |
| Supply/Demand Balance | Average | 15% |
Tracy's ROI score of 30 out of 100 places it in the limited investment potential band, indicating that market-wide fundamentals are not particularly favorable for STR investors at this time. The below-average ratings across revenue-to-price ratio, occupancy stability, and market growth trend all contribute to the cautious assessment, with only supply/demand balance earning an average mark. Investors interested in Tracy should pair this data with thorough local regulatory research and focus on property-specific opportunities — particularly larger homes — rather than relying on broad market tailwinds.
Understanding local STR regulations is essential before investing in Tracy. Here's the current regulatory landscape:
Short-term rental operators in Tracy, California may be required to obtain a permit or business registration before listing their property. Investors should verify current requirements directly with the City of Tracy and San Joaquin County, as local rules can change.
Common restrictions that may apply to short-term rentals in Tracy include occupancy limits, noise ordinances, parking requirements, and minimum stay rules. HOA covenants can also prohibit or limit STR activity, so reviewing any applicable association rules is critical before purchasing a property.
STR operators in California are typically subject to transient occupancy taxes, and may also owe state and local sales taxes depending on the jurisdiction. Platforms like Airbnb often collect and remit some of these taxes automatically, but hosts should confirm their full obligations with the City of Tracy and the California Department of Tax and Fee Administration.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Tracy can provide current regulatory guidance.
Financing an Airbnb investment in Tracy requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Tracy's STR market faces a challenging outlook as the rapid influx of new listings (152% YoY growth) is likely to intensify competition for a relatively limited demand pool. Occupancy rates may remain in the low-to-mid 30% range unless listing growth stabilizes, with ADR unlikely to push meaningfully beyond the current $137 average. Seasonal patterns suggest summer months (May through July) will continue to be the strongest revenue window, though even peak months only reach around $1,599 in average monthly revenue. Investors should treat any projections conservatively and watch whether supply growth decelerates before committing capital."
— 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. Data reflects trailing 12-month averages as of April 2026 and may not capture very recent market shifts. Local regulations, HOA rules, and tax obligations vary and should be independently verified before making investment decisions.
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