Yucca Valley is a town located in the Mojave Desert, in Southern California. The town has become a popular destination for tourists looking to explore the natural beauty of the area, as well as for those looking for a peaceful getaway.
In this blog post, we will explore the short-term (Airbnb) rental market in Yucca Valley, CA.
Market Overview
To understand the dynamics of the short-term rental market in Yucca Valley, let’s delve into some key statistics and figures.
Supply
AS of October 2024, the most popular homes are 2-bedroom homes, comprising 26.36% of inventory. This is followed by 1 and 3-bedroom homes at 20.60% and 20.32% of the total inventory, respectively.
Homes Appreciation
As of October 2024, according to Zillow, homes in Yucca Valley experienced an appreciation of 1.62%. This data indicates a significant increase in property values.
Median Home Value
As of October of 2024, Homes in Yucca Valley have appreciated by 1.62%. The median home value in Pigeon Forge is $373,400 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, Yucca Valley boasts a significant Airbnb rental market, with approximately 918 active rentals. This abundance of available properties provides ample opportunities for investors and homeowners looking to capitalize on the tourism demand.
Average Daily Rate
The median ADR for the market is $370. The Average Daily Rate is the highest for 5-bedroom homes $492, followed by 4-bedrooms and 2 bedrooms at $369 and $282 respectively.
Occupancy Rate
Chalet data reveals an occupancy rate of 61% for Airbnb rentals in Yucca Valley. This high demand ensures a consistent stream of income for property owners and investors.
How Profitable is Airbnb in Yucca Valley ?
As of October 2024, the average gross yield, which represents the annual income generated by a property as a percentage of its value, is 12.84% in Yucca Valley. This figure suggests that short-term rentals in the city offer a favorable return on investment. Yucca Valley is ranked #7 by return on investment on Airbnb rentals in the United States.
Annual Revenue
According to Chalet, short-term rentals in Yucca Valley earn an average of $47,925 annually, highlighting the strong investment potential in the city’s market. You can evaluate your properties using our free Airbnb calculator.
Hosts
The market is dominated by property management firms. The largest host is Hi-Desert Dwellings with 4.99% of the total inventory and an average review of 4.77⭐️s .
Property Tax
According to SmartAsset, the average property tax in Yucca Valley is 0.78%. This relatively moderate tax rate is an important consideration for those looking to invest in short-term rental properties.
Guests
The majority of the guests in Yucca Valley come from California and are within driving distance. 22% of all guests are from San Diego followed by Chicago with 5%.
Regulations
Yucaa Valley’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
Use our Airbnb comparison tool to instantly compare the top 200 short-term (Airbnb) rental markets in the US
Tourism in Yucca Valley
Yucca Valley is a popular tourist destination, with many visitors coming to explore the natural beauty of the area. Visitors can enjoy hiking in the nearby Joshua Tree National Park, which is known for its unique rock formations and stunning desert landscapes. The town is also home to several art galleries and museums, including the Hi-Desert Nature Museum.
Conclusion
In conclusion, the short-term (Airbnb) rental market in Yucca Valley, CA is thriving. With a low property tax rate, high gross yield, and investor-friendly regulations, Yucca Valley is a great place for investors to enter the short-term rental market. Additionally, the town’s natural beauty and popularity as a tourist destination make it a great place for short-term rental properties.
