Introduction
Lake Arrowhead, California, nestled in the picturesque San Bernardino Mountains, is not just a haven for outdoor enthusiasts but also a burgeoning hub for the short-term rental market. Whether you’re a homeowner looking to capitalize on the charm of this mountain paradise or a traveler seeking an unforgettable getaway, Lake Arrowhead’s Airbnb scene has plenty to offer. In this comprehensive guide, we’ll explore the ins and outs of the short-term rental market in Lake Arrowhead, from property statistics to local attractions and insights that will make your experience here all the more enjoyable.
Supply
As of October 2024, the most popular homes are 2-bedroom homes, comprising 36% of inventory. This is followed by 1 and 3-bedroom homes at 25.29% and 19.44% of the total inventory, respectively.
Homes Appreciation
As of October 2024, according to Zillow, homes in Lake Arrowhead experienced an depreciation of -3.63. This data indicates a significant decrease in property values.
Median Home Value
As of October of 2024, Homes in Lake Arrowhead have depreciated by -3.63%. The median home value in Lake Arrowhead is $575,200 as reported by Zillow. This figure highlights the city’s robust real estate market and the potential for long-term property appreciation.
Active Short Term Rentals
As of October 2024, Lake Arrowhead boasts a significant Airbnb rental market, with approximately 1,250 active rentals. This abundance of available properties provides ample opportunities for investors and homeowners looking to capitalize on the tourism demand.
Average Daily Rate
As of October 2024, the median ADR for the market is $340. The Average Daily Rate is the highest for 4 bedroom homes $430 followed by 3-bedrooms at $337.
Occupancy Rate
Chalet data reveals an occupancy rate of 55% for Airbnb rentals in Lake Arrowhead. This high demand ensures a consistent stream of income for property owners and investors.
How Profitable is Airbnb in Lake Arrowhead ?
As of October 2024, the average gross yield, which represents the annual income generated by a property as a percentage of its value, is 7.88% in Lake Arrowhead. This figure suggests that short-term rentals in the city offer a favorable return on investment. Lake Arrowhead is ranked #43 by return on investment on Airbnb rentals in the United States.
Annual Revenue
According to Chalet, short-term rentals in Lake Arrowhead earn an average of $45,304 annually, highlighting the strong investment potential in the city’s market. You can evaluate your properties using our free Airbnb calculator.
Regulations
Lake Arrowhead’s short-term rental regulations are somewhat investor-friendly, with different zoning regulations and limitations in place. Understanding these regulations is crucial for potential investors to ensure compliance and a smooth operation.
Top 200 Airbnb Rental Markets
Instantly compare top 200 short-term (Airbnb) rental markets in the US
Lake Arrowhead: A Glimpse of Paradise
Median Household Income: The median household income in Lake Arrowhead is $61,496, providing valuable insights into the spending potential of visitors to the area.
Climate: Lake Arrowhead enjoys a temperate four-season climate with warm summers and snowy winters, making it a year-round destination for outdoor activities.
Hosts
The market is dominated by property management firms. The largest host is Cool Cabins with 4.70% of the total inventory and an average review of 4.71⭐️s .
Property Tax
According to SmartAsset, the average property tax in Lake Arrowhead is 0.78%. This relatively moderate tax rate is an important consideration for those looking to invest in short-term rental properties.
Population Size: The population size of Lake Arrowhead is approximately 12,000, creating a small-town charm that attracts visitors seeking respite from city life.
Local Sports Teams: While Lake Arrowhead may not have major professional sports teams, it hosts various recreational sports clubs and events, ideal for those looking to stay active during their vacation.
Colleges: The town is not home to any colleges, but its proximity to universities in Southern California makes it a desirable location for students and families visiting the area.
Crime Rate: Lake Arrowhead boasts a relatively low crime rate, enhancing its reputation as a safe and family-friendly vacation spot.
Guests
The majority of the guests come from inside of California. 24.49% of all guests are from Los Angeles followed by San Diego with 8.27%.
Visitor Demographics: Visitors flock to Lake Arrowhead from all over, but major sources include the Greater Los Angeles area, Orange County, and San Diego. Its proximity to Southern California’s major cities makes it a convenient escape for many.
Visitor Count: While there isn’t precise data on the total number of visitors, the region sees a steady flow of tourists throughout the year.
Tourist Attractions: Lake Arrowhead offers an array of attractions, such as Lake Gregory, Lake Arrowhead Village, and the stunning San Bernardino National Forest. These natural and cultural gems make the region an appealing destination.
Peak Season: Lake Arrowhead experiences peak tourism during the summer months when visitors can enjoy water sports, hiking, and events like the Lake Arrowhead Concert Series.
In conclusion, Lake Arrowhead, CA, offers a thriving Airbnb market with strong revenue potential, and it’s backed by the region’s natural beauty and year-round appeal. Whether you’re considering an investment in short-term rentals or planning a vacation, Lake Arrowhead’s unique charm and financial prospects make it a top choice in the world of vacation rentals. So, why wait? Dive into this mountain paradise and experience the best of California’s pristine wilderness.
