How Much Can You Make on Airbnb in Oklahoma City?

If you're considering turning your property into a short-term rental in Oklahoma City, you're tapping into a growing market. With its vibrant culture, booming tourism, and diverse neighborhoods, OKC offers ample opportunities for Airbnb hosts. But how much can you actually earn? Let's break down the numbers and factors that influence Airbnb income in Oklahoma City.

Oklahoma City Airbnb Market Overview

As of late 2024, Oklahoma City boasts approximately 1,883 active Airbnb listings. The average occupancy rate stands at about 62%, with hosts typically booking their properties for 226 nights annually. The average daily rate (ADR) is approximately $101, leading to an estimated annual revenue of $23,610 per listing.

Factors Influencing Airbnb Earnings in OKC

Several elements can impact your potential earnings:

1. Property Type and Size

Entire homes or apartments generally command higher rates than shared spaces. Listings with multiple bedrooms or unique amenities (like pools or hot tubs) can also attract premium pricing.

2. Location

Properties situated near popular attractions, downtown OKC, or event venues tend to have higher occupancy rates. Neighborhoods like Bricktown, Plaza District, and Midtown are particularly sought after.

3. Seasonality

Demand fluctuates throughout the year. Peak seasons, such as spring and fall, often see increased bookings due to events and favorable weather. Conversely, summer months might experience slower bookings, especially during the hotter weeks.

4. Amenities and Presentation

Offering essential amenities like Wi-Fi, air conditioning, and free parking can make your listing more attractive. High-quality photos and detailed descriptions also play a crucial role in attracting guests.

Potential Earnings Breakdown

Metric	Value
Average Daily Rate (ADR)	$101
Occupancy Rate	62%
Nights Booked Annually	226
Estimated Annual Revenue	$23,610

Note: These figures are averages and can vary based on the factors mentioned above.

Maximizing Your Airbnb Income in OKC

To enhance your earnings:

• Optimize Pricing: Use dynamic pricing tools to adjust rates based on demand and competition.

• Enhance Guest Experience: Provide exceptional service, maintain cleanliness, and offer local recommendations to garner positive reviews.

• Stay Informed: Regularly update your listing and stay compliant with local regulations to avoid potential fines.

Upventures: Your Partner in OKC Real Estate

At Upventures, we specialize in helping property owners navigate the Airbnb landscape in Oklahoma City. Whether you're a seasoned investor or a first-time host, our expertise can guide you in maximizing your property's potential. From property management to market analysis, we're here to support your short-term rental journey.