How big is Airbnb in West Hollywood?
How big is Airbnb in West Hollywood? Our answer is based on data from a website called Inside Airbnb.
There were 761 West Hollywood listings in January, versus 615 in May of last year. We only counted listings that Inside Airbnb said were physically located within the city’s borders. The numbers would have been higher if we had included every listing that used “West Hollywood” in the description, regardless of actual location.
We were particularly interested in “active” listings. We didn’t know for sure which ones were rented recently, so we used reviews as a proxy. We counted any listing as active if it got a review in the prior six months. By this definition, there were 475 active listings in January.
Growth of Airbnb in West Hollywood
The number of West Hollywood listings grew 24% over a seven-month period from May 24, 2015, to January 2, 2016. Over 400 new listings were added and some were removed. The number of active listings increased by 32%. This growth occurred despite the City Council’s July action “to clarify the existing prohibition of Short Term Rentals.”
Active listings in West Hollywood
Our analysis of the 475 active listings found:
- $134 average rate per night (from $35 for a shared room to $625 for a whole home)
- 70% offering the whole home (30% only a bedroom)
- 33% offered by hosts with more than one listing
- 78% rented more than once a month (assuming only half of renters left a review)
- Over 1,500 rentals a month (using the same assumption)
332 of the active listings were for whole units. We don’t know how many of them were full-time visitor rentals. For comparison, the most recent Census Bureau estimate was that the city had 16,998 renter-occupied housing units and 726 vacant housing units available for rent (American Community Survey, 2000-2014, Tables B25003 and B25004).