Volcano, HI Airbnb Market Data, Statistics, and Occupancy Rates

Volcano Short-Term Rental Market Overview

Volcano, HI presents an appealing short-term rental opportunity anchored by its proximity to Hawai'i Volcanoes National Park and the unique nature-tourism demand that comes with it. With an average annual revenue of $35,049 per listing and an ADR of $213—well below the $709 state average—investors can enter at a more accessible price point while still capturing steady visitor traffic. The market's ROI score of 68 out of 100 reflects above-average revenue-to-price ratios and occupancy stability, making it a compelling option for investors seeking yield in a niche Hawaiian destination.

Key Market Statistics

According to Rabbu market data, the Volcano 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 Volcano

Volcano attracts investors because of its favorable revenue-to-price ratio and reliable nature-tourism demand in a market where property costs are significantly below Hawai'i's coastal averages.

Expert Market Assessment

"Volcano earns an "Attractive Opportunity" designation, driven largely by its above-average revenue-to-price ratio and steady occupancy that outperforms what you'd expect from a small rural market. Seasonality is noticeable—January tops $3,938 in average monthly revenue while September dips to $1,998—but the spread is manageable, and no month falls off a cliff. The main headwind is the rapid growth in supply (156% year-over-year listing increase) paired with a below-average market growth trend, which suggests the competitive landscape is tightening. Investors who secure well-located properties with standout amenities should still find reliable returns here."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Volcano

Average revenue by month in Volcano

Volcano shows clear winter seasonality, with January ($3,938) and February ($3,802) delivering nearly double the revenue of the slowest month, September ($1,998). Investors should budget for a meaningful revenue dip from May through September while leveraging the strong December-through-March corridor to drive annual returns.

Active Airbnb listings by property size in Volcano

One-bedroom listings overwhelmingly dominate supply at 83 of 126 total properties, while 2-bedroom (20) and 3-bedroom (16) units are far less common. The scarcity of larger properties—particularly given their higher revenue potential—could represent a supply gap worth targeting for investors.

Average daily rate (ADR) by property size in Volcano

ADR is relatively flat across studios ($209), 1-bedrooms ($206), and 2-bedrooms ($204), but jumps to $255 for 3-bedroom listings. This $50+ premium for 3-bedroom properties, combined with their higher occupancy, suggests the strongest pricing power sits with larger units that can accommodate families and groups.

Average RevPAN by property size in Volcano

Three-bedroom properties deliver the highest RevPAN at $173, well ahead of 1-bedrooms ($125), studios ($123), and 2-bedrooms ($115). The gap between 3-bedroom and other sizes is substantial enough to indicate that larger properties not only command higher rates but also fill more consistently, making them the most efficient earners on a per-night basis.

Average occupancy rates by property size in Volcano

Three-bedroom listings lead occupancy at 68%, followed by 1-bedrooms at 61%, studios at 59%, and 2-bedrooms trailing at 56%. The stronger fill rate for 3-bedrooms underscores consistent group and family demand in this national-park market, offering investors in that segment more predictable cash flow.

Average monthly revenue by property size in Volcano

Monthly revenue scales meaningfully with size: studios earn $1,588, 1-bedrooms $2,585, 2-bedrooms $2,845, and 3-bedrooms top the chart at $3,610. The jump from 1-bedroom to 3-bedroom represents a 40% revenue increase, making larger configurations considerably more productive if acquisition costs remain proportionate.

Average annual revenue by property size in Volcano

On an annual basis, 3-bedroom properties generate $43,325—more than double the $19,061 earned by studios and roughly 40% above the $31,026 for 1-bedrooms. For investors evaluating return potential, the 3-bedroom segment offers the clearest path to strong revenue relative to Volcano's average home values of $515,146.

Most common amenities for Airbnb listings in Volcano

Parking is nearly universal at 96% of listings, reflecting Volcano's car-dependent, rural setting, while self check-in (79%) and kitchens (75%) round out the top three must-haves. Hot tubs appear in 36% of listings and likely serve as a meaningful differentiator given the area's cool, rainforest climate—investors adding this amenity may capture above-average nightly rates and occupancy.

Understanding Volcano's ROI Score: 68/100

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

Volcano's ROI score of 68 out of 100 places it in the "Attractive Opportunity" band, reflecting strong fundamentals in revenue-to-price ratio and occupancy stability—both rated above average. The score is tempered by below-average marks in market growth trend and supply/demand balance, indicating that recent listing growth has outpaced demand expansion. Investors should pair these data-driven insights with thorough research into Hawai'i County's evolving STR regulations to fully assess the risk-reward profile before committing capital.

Short-Term Rental Regulations in Volcano

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

Permit Requirements

Hawai'i County, where Volcano is located, requires short-term rental operators to obtain a nonconforming use certificate or registration depending on the property's zoning classification. Investors should verify current permit availability and application timelines directly with the Hawai'i County Planning Department, as the state has been actively tightening STR regulations.

Key Restrictions

Common restrictions in the area include limits on the number of permitted short-term rentals in certain zones, occupancy caps tied to bedroom count, and noise and parking requirements aimed at preserving the residential character of neighborhoods. HOA covenants in specific subdivisions may impose additional limitations or outright bans, so reviewing CC&Rs before purchase is essential.

Tax Obligations

Short-term rental hosts in Hawai'i are subject to the state's Transient Accommodations Tax (TAT) and General Excise Tax (GET), with Hawai'i County also levying a county surcharge. Many booking platforms collect and remit these taxes automatically, but operators should confirm compliance to avoid penalties.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Volcano's STR market is expected to maintain its seasonal rhythm, with winter months (January through March) continuing to generate the strongest revenue and a softer shoulder season from June through September. Occupancy rates should hold in the 58–63% range given the area's consistent draw as a national-park gateway, though the 156% year-over-year growth in active listings signals rising competition that could put modest downward pressure on ADR. Investors entering now should plan for ADR stability or slight softening of 1–3% while focusing on differentiation through amenities like hot tubs and outdoor spaces to maintain booking volume."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Volcano, HI

What is the average Airbnb occupancy rate in Volcano?

The average Airbnb occupancy rate in Volcano is currently 61%, which sits slightly below Hawai'i's statewide average of 67%. Occupancy varies by property size, ranging from 56% for 2-bedroom listings up to 68% for 3-bedroom properties, suggesting that larger homes catering to families or groups tend to stay booked more consistently.

How much do Airbnb hosts make in Volcano?

Airbnb hosts in Volcano earn an average of $2,920 per month and approximately $35,049 per year based on trailing 12-month booking data. Revenue scales meaningfully with property size—studios average around $1,588 monthly while 3-bedroom listings bring in about $3,610 per month, or $43,325 annually.

Is Volcano a good market for Airbnb investment?

Volcano carries an ROI score of 68 out of 100, rated as an "Attractive Opportunity." The market benefits from an above-average revenue-to-price ratio given average home values of $515,146 and strong occupancy stability. The primary considerations are a rapidly growing supply of listings and a below-average market growth trend, so investors should focus on differentiation and operational excellence to maintain competitive positioning.

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

The average daily rate for Airbnb listings in Volcano is $213, substantially below Hawai'i's state average of $709. ADR ranges from $204 for 2-bedroom properties to $255 for 3-bedroom homes. This lower rate reflects the market's inland, nature-focused positioning compared to coastal resort areas, while still generating solid RevPAN of $129 per night.

Are short-term rentals legal in Volcano?

Short-term rentals operate in Volcano under Hawai'i County regulations, which require operators to obtain proper permits or registrations depending on zoning. The regulatory environment in Hawai'i has been evolving, so prospective investors should consult the Hawai'i County Planning Department for the most current permit requirements, zoning restrictions, and any caps on new STR registrations before purchasing a property.

When is peak season for Airbnb in Volcano?

Peak season in Volcano runs from December through March, with January generating the highest average monthly revenue at $3,938 and February close behind at $3,802. The softest period falls in September at $1,998, reflecting a roughly 2x spread between the best and slowest months. This winter-heavy pattern aligns with Hawai'i's broader tourism season when mainland visitors escape colder weather.

How many Airbnbs are there in Volcano?

There are currently 126 active Airbnb listings in Volcano as of April 2026. The market has seen significant growth, with a 156% year-over-year increase in active listings. One-bedroom properties dominate the supply with 83 listings, followed by 20 two-bedroom and 16 three-bedroom properties, with just 5 studios.

How is Airbnb revenue calculated in Volcano?

The annual and monthly revenue figures for Volcano 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 aggregate the results to a market-level historical average. This approach anchors the figures to what hosts have actually earned recently and naturally reflects 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 the Volcano, HI market
• Average daily rate, occupancy, and RevPAN metrics across property sizes
• Monthly and annual revenue trends based on trailing 12-month booking data
• Property value estimates sourced from the Zillow Home Value Index (ZHVI)
• Popular amenity prevalence across active listings in this market

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 performance as of April 2026 and may not capture very recent regulatory or market changes. Individual property results will vary based on location, condition, amenities, pricing strategy, and management quality.