Press release
Get Your Airbnb Host Estimate on Realtor.com®
Learn how much you can potentially make by hosting one room or your whole house on Airbnb SANTA CLARA, Calif., Sept. 7, 2023 /PRNewswire/ -- Short-term rental
About this update from News Corporation
[{"type":"text","content":"Learn how much you can potentially make by hosting one room or your whole house on Airbnb\nSANTA CLARA, Calif., Sept. 7, 2023 /PRNewswire/ -- Short-term rental popularity is on the rise, in fact, 39% of homeowners have or would consider renting out part of their primary home, according to a new survey from Realtor.com® and CensusWide. To help consumers better understand their home's potential value, Realtor.com® today announced the addition of potential short-term rental income estimates from Airbnb in their My Home dashboard. This first-of-its-kind integration empowers homeowners with possible earnings estimates for hosting one room or their whole house.\nAmong those surveyed, 23% of homeowners have rented out their home before or plan to rent part of their home out in the future, and 16% would consider it. Their reasons to rent are largely financial, with one-third (34%) of those renting or planning to rent out their home doing so to save money for a home purchase with a higher mortgage rate, to prepare for potential upswings in a variable mortgage (29%), or to help pay their current mortgage (21%).\nWhether looking to rent their home out and earn extra money while away on vacation, or renting out an extra room to help with mortgage payments, homeowners can now easily access information about how much they can potentially earn by hosting their space on Airbnb in the Realtor.com® My Home dashboard.\nUncovering the short-term rental earning potential of a home can also help homeowners evaluate if it's a good idea to rent out their current home as an alternative to selling it. Looking to the future, 60% of surveyed homeowners would consider renting out their current home rather than selling if/when they look to buy or rent somewhere else. Most cited financial reasons as the motivator: 21% saying it'd be great to have extra income from a renter, and 19% would do so to maintain the home equity they've already built.\nTo get started with the tool, homeowners can simply input their address in the Realtor.com® My Home dashboard to claim their home. They can then view their potential earnings from hosting on Airbnb in the Host or Rent tab of the dashboard. The interactive tool can be adjusted for renting a private room or all of the home; estimated earnings for a seven-day rental are based on Airbnb data from similar listings in the ZI...