A compiled reference of 47 verified statistics on the size and shape of the US short-term rental market: the national supply total and how fast it is growing, the 15 US cities with the most tracked listings, 14 vacation destination markets ranked by active listings, platform-level totals from Airbnb and Vrbo, New York City's official registration count, and Hawaii's state-published supply data. Every figure is drawn from a named public source (AirDNA, Inside Airbnb, AirROI, SEC filings, the NYC Office of Special Enforcement, and Hawaii DBEDT) and independently checked before publishing.
Key statistics
6 highlights from this report
Key statistics
Key takeaways
The US short-term rental market has settled into a mature phase: 1.73 million available listings growing at low single digits, a long tail of mid-sized markets rather than a few dominant cities, and a widening gap between what platforms list and what regulators register.
The US had 1.73 million available short-term rental listings in November 2025, up 4.7% year over year.
Los Angeles leads all US cities with 43,932 tracked listings; New York City is second at 30,555.
Airbnb reported over 8 million active listings worldwide (Q3 2024).
Vrbo carried roughly 2.4 million bookable alternative accommodations at the end of 2025.
US supply growth is projected at just 2.7% to 4.6% for 2026, versus roughly 20% at the 2021-2022 peak.
Only 3,194 short-term rentals held an active registration in New York City as of January 7, 2026.
How we built this report
Every figure was compiled in July 2026 from named public sources and checked against the original document before publishing.
- Compiled from primary sources
AirDNA's published market reviews and outlook releases, Inside Airbnb's open city datasets, AirROI's published market analysis, Airbnb and Expedia Group SEC filings, the NYC Office of Special Enforcement's registration dataset, and Hawaii DBEDT's monthly vacation rental report.
- Only explicitly stated figures
We include only numbers a named source states directly, attributed inline where each appears. The one exception is flagged as such: our own tally of records in NYC's official registration dataset.
- Disagreements shown, not averaged
Different providers define markets and count listings differently, so figures from different sources are presented side by side, never blended into a single number.
- Independent review
Written by one co-founder, reviewed by the other before publishing.
A scope caveat: there is no single official count of US short-term rentals. AirDNA counts available listings across Airbnb and Vrbo, Inside Airbnb counts listings visible in a city-level scrape (including rarely booked ones), AirROI counts active listings within its own market boundaries, and registration data counts only legal permits. These definitions do not match, and counts from different sources should not be compared directly. Each figure below names its source and reference date.
The US short-term rental market, by the numbers
All 47 figures, grouped by theme: national supply, platform scale, city rankings, destination markets, registration data, and state-published data. Each comes from a named public source and was independently verified.
National supply and growth
The clearest national gauge comes from AirDNA, which tracks available listings across Airbnb and Vrbo. According to AirDNA's U.S. Review for November 2025 (published December 2025), the United States reached 1.73 million available listings, up 4.7% year over year, with supply growth holding near 4% for most of the year. AirDNA's 2026 Outlook Report (December 2025) projected 4.6% listing growth for 2026, a fraction of the roughly 20% peak expansion of 2021-2022, and its 2026 Midyear Outlook (July 2026) revised that projection down to 2.7%. If you want to understand where these numbers come from, we break down the provider's methodology in Where does AirDNA get its data?
Statistic 1
US available short-term rental listings reached 1.73 million in November 2025, a 4.7% increase year over year.
AirDNA, U.S. Review November 2025 (2025)
Statistic 2
US supply growth held near 4% through 2025: 4.1% in February, a brief 5.1% in June, and 4.0% by November.
AirDNA, U.S. Review November 2025 (2025)
Statistic 3
The national average daily rate was $226.61 in November 2025 (+1.6%), with occupancy at 51.2% and RevPAR at $115.97.
AirDNA, U.S. Review November 2025 (2025)
Statistic 4
Year-to-date US occupancy averaged 57.9% through November 2025, marginally above the 57.7% recorded over the same period of 2024.
AirDNA, U.S. Review November 2025 (2025)
Statistic 5
Available US listings were projected to grow 4.6% in 2026, well below the roughly 20% peak expansion recorded in 2021-2022.
AirDNA, 2026 Outlook Report press release (2025)
Statistic 6
Average daily rates were forecast to rise 1.5% in 2026, with further acceleration expected in 2027.
AirDNA, 2026 Outlook Report press release (2025)
Statistic 7
By mid-2026, AirDNA had revised its 2026 forecast: demand and available listings both projected to grow 2.7%, occupancy to average 57.4% (above the 57.0% pre-pandemic average), and RevPAR to rise 2.9%.
AirDNA, 2026 Midyear Outlook press release (2026)
Statistic 8
2026 FIFA World Cup host markets posted the strongest year-to-date RevPAR growth by mid-2026: San Francisco +12.1%, Anaheim +11.0%, and Philadelphia +10.1%.
AirDNA, 2026 Midyear Outlook press release (2026)
What this means: The land-grab era is over. Supply is still growing every month, but at low single digits rather than 20%, which shifts the operating game from acquiring inventory to running existing inventory well.
Platform scale: Airbnb, Vrbo, and the data providers
Platform filings put the ceiling on the market's size. According to Airbnb's Q3 2024 shareholder letter, the platform passed 8 million active listings worldwide. Expedia Group's FY2025 Form 10-K states the company had approximately 2.4 million online bookable alternative accommodations through Vrbo at the end of 2025. Airbnb's own FY2025 Form 10-K adds a striking structural fact: no single city accounts for more than 1% of its active listings. The third-party data providers sit on top of this: according to AirROI (2026), its dataset spans 20M+ listings across 190+ countries, compared to the 10M+ AirDNA tracks.
Statistic 9
Airbnb reported over 8 million active listings worldwide, with growth across all regions and market types.
Airbnb, Q3 2024 Shareholder Letter (2024)
Statistic 10
No single city represented more than 1% of Airbnb's active listings, or more than 2% of its revenue, as of December 31, 2024 and 2025.
Airbnb, FY2025 Form 10-K (2026)
Statistic 11
Expedia Group had approximately 2.4 million online bookable alternative accommodations through Vrbo at the end of 2025, within roughly 3.6 million total lodging properties across its brands.
Expedia Group, FY2025 Form 10-K (2026)
Statistic 12
AirROI reports a dataset of 20M+ listings across 190+ countries, which it contrasts with the 10M+ listings AirDNA tracks.
AirROI, Best Airbnb Markets 2026 (2026)
What this means: Supply is radically decentralized. A platform where no city exceeds 1% of listings is a market with thousands of mid-sized operators in mid-sized markets, which is exactly what the city and destination tables below show.
The 15 US cities with the most tracked listings
Inside Airbnb, the open data project widely used by researchers and city governments, publishes city-level listing datasets on a rolling scrape schedule. In its June 2026 data, Los Angeles is the largest tracked US city at 43,932 listings, followed by New York City at 30,555 and Broward County (the Fort Lauderdale area) at 17,713. Statistics 13 through 27 below are the full ranking; each count is that region's total listings as of the scrape date shown. Note that Inside Airbnb covers a fixed set of cities, so large unscraped markets (Orlando and Phoenix, for example) do not appear.
Cities ranked by tracked listings
Inside Airbnb, June 2026 scrapes
| # | City / region | Listings | Data date | |
|---|---|---|---|---|
| 13 | Los Angeles, CA | 43,932 | Jun 15, 2026 | |
| 14 | New York City, NY | 30,555 | Jun 14, 2026 | |
| 15 | Broward County, FL Fort Lauderdale area | 17,713 | Jun 29, 2026 | |
| 16 | San Diego, CA | 13,273 | Jun 27, 2026 | |
| 17 | Austin, TX | 11,320 | Jun 22, 2026 | |
| 18 | Nashville, TN | 10,255 | Jun 26, 2026 | |
| 19 | Seattle, WA | 7,814 | Jun 15, 2026 | |
| 20 | New Orleans, LA | 7,254 | Jun 16, 2026 | |
| 21 | Washington, DC | 6,996 | Jun 24, 2026 | |
| 22 | Dallas, TX | 6,574 | Jun 15, 2026 | |
| 23 | Rhode Island statewide | 6,040 | Jun 30, 2026 | |
| 24 | Twin Cities MSA, MN | 5,353 | Jun 27, 2026 | |
| 25 | Denver, CO | 4,949 | Jun 30, 2026 | |
| 26 | Boston, MA | 4,414 | Jun 15, 2026 | |
| 27 | Portland, OR | 4,210 | Jun 15, 2026 |
What this means: Inside Airbnb counts every listing visible in a scrape, including rooms and rarely booked units, so these figures run higher than "active dedicated rentals." They are still the best like-for-like city ranking that exists in public data, and the drop-off is steep: the number 10 city is one seventh the size of the number 1.
Destination markets ranked by active listings
Vacation destinations are counted differently: by active listings inside a defined market area. According to AirROI's Best Airbnb Markets 2026 analysis (trailing 12 months as of March 2026), Panama City Beach, Florida carries 10,418 active listings, the highest supply of any market it flagged, while Austin hosts approximately 9,167 and Nashville-Davidson 6,845, the latter with occupancy down to 47%. Statistics 28 through 41 are the fourteen destination markets AirROI published counts for, ranked by active listings. For how these destination markets stack up state by state, see our vacation rental landscape by state and the deeper Florida landscape, which covers the Panama City Beach and Destin corridor.
Destination markets by active listings
AirROI, trailing 12 months as of March 2026
| # | Market | Active listings | |
|---|---|---|---|
| 28 | Panama City Beach, FL | 10,418 | |
| 29 | Austin, TX | ~9,167 | |
| 30 | Nashville-Davidson, TN | 6,845 | |
| 31 | Gulf Shores, AL | 5,195 | |
| 32 | Hilton Head Island, SC | 4,726 | |
| 33 | Scottsdale, AZ | 4,689 | |
| 34 | Destin, FL | 3,985 | |
| 35 | Gatlinburg, TN | 3,787 | |
| 36 | Breckenridge, CO | 3,224 | |
| 37 | Savannah, GA | 2,564 | |
| 38 | Asheville, NC | 2,071 | |
| 39 | Charleston, SC | 2,008 | |
| 40 | Sedona, AZ | 1,765 | |
| 41 | Joshua Tree, CA | 1,276 |
What this means: The biggest professional operating markets are not the biggest cities. A beach town of 18,000 residents (Panama City Beach) carries more active listings than most major metros, which is why professional property managers cluster in destination markets rather than urban cores.
What registration data shows: New York City
Where cities require registration, official counts run far below platform counts. New York City's Local Law 18 requires short-term rental hosts to register with the Office of Special Enforcement, and OSE publishes the full registration dataset. RapidEye tallied the official dataset dated January 7, 2026: it contains 3,469 registration records, of which 3,194 held an active Registered status (the remainder expired, terminated, or revoked). Inside Airbnb's June 14, 2026 New York City data, by contrast, contains 30,555 listings of all types, most of which are 30-plus-day stays, private-room arrangements, or other formats outside the registration regime.
Statistic 42
NYC's official short-term rental registration dataset contained 3,469 registration records as of January 7, 2026, with 3,194 in active Registered status.
NYC Office of Special Enforcement dataset; RapidEye tally (2026)
Statistic 43
Inside Airbnb's New York City dataset held 30,555 listings on June 14, 2026, roughly ten tracked listings for every active registration.
Inside Airbnb, New York City (2026)
What this means: "Listings" and "legal short-term rentals" are different populations. In the most heavily regulated US city, the officially registered market is measured in thousands, not tens of thousands.
State-published data: Hawaii
Hawaii is the only US state that publishes an official monthly vacation rental performance report, produced by the Department of Business, Economic Development and Tourism (DBEDT) with data compiled by Lighthouse Intelligence. According to DBEDT's February 2026 report, the data covered 33,951 vacation rental units representing 59,817 bedrooms across the islands, with statewide supply of 706,800 unit nights for the month, up 9.1% year over year.
Statistic 44
Hawaii's official vacation rental report covered 33,951 units representing 59,817 bedrooms in February 2026.
Hawaii DBEDT, February 2026 Vacation Rental Performance Report (2026)
Statistic 45
Hawaii statewide vacation rental supply was 706,800 unit nights in February 2026 (+9.1%), against demand of 432,800 unit nights (+5.5%).
Hawaii DBEDT, February 2026 Vacation Rental Performance Report (2026)
Statistic 46
Maui County had Hawaii's largest vacation rental supply in February 2026 at 211,900 available unit nights (+12.8%), ahead of Oahu (198,600), the island of Hawaii (170,700), and Kauai (125,700).
Hawaii DBEDT, February 2026 Vacation Rental Performance Report (2026)
Statistic 47
Hawaii vacation rentals ran a $537 ADR against $383 for hotels in February 2026, but at 61.2% occupancy versus 78.8% for hotels.
Hawaii DBEDT, February 2026 Vacation Rental Performance Report (2026)
What this means: Where a government publishes its own numbers, the market looks different than scrape data suggests: higher rates, lower occupancy, and supply concentrated in resort counties. Expect more states to follow Hawaii's model as registration regimes mature.
Cite this study
Academic or press use: copy a ready-made reference. RapidEye is the publisher.
Quick FAQ
How many short-term rentals are there in the United States?
According to AirDNA's U.S. Review for November 2025, the United States had 1.73 million available short-term rental listings, up 4.7% year over year. AirDNA's 2026 Outlook Report projected available listings to grow another 4.6% in 2026, a figure its July 2026 Midyear Outlook revised down to 2.7%.
Which US city has the most Airbnb listings?
Los Angeles, with 43,932 listings in Inside Airbnb's June 15, 2026 data, the most of any US city Inside Airbnb tracks. New York City is second at 30,555 listings (June 14, 2026), followed by Broward County, Florida at 17,713 and San Diego at 13,273.
How fast is US short-term rental supply growing?
Slowly, by recent standards. AirDNA measured supply growth of roughly 4% through 2025 (4.1% in February, 4.0% by November), far below the roughly 20% peak expansion of 2021-2022. For 2026, AirDNA's December 2025 outlook projected 4.6% listing growth, revised to 2.7% in its July 2026 Midyear Outlook.
How many listings do Airbnb and Vrbo have?
Airbnb reported over 8 million active listings worldwide in its Q3 2024 shareholder letter. Expedia Group's FY2025 annual report states it had approximately 2.4 million online bookable alternative accommodations through Vrbo at the end of 2025, within roughly 3.6 million total lodging properties across its brands.
How many legal short-term rentals are there in New York City?
3,194 dwelling units held an active Registered status in the NYC Office of Special Enforcement's published registration dataset dated January 7, 2026, out of 3,469 total registration records; we tallied the official OSE dataset directly. By comparison, Inside Airbnb's June 14, 2026 New York City data contains 30,555 listings of all types.
Data sources
Every figure on this page traces to one of these named public sources, each checked against the original document before publishing.
AirDNAU.S. Review November 2025 (2025)airdna.coAirDNA2026 Outlook Report press release (2025); 2026 Midyear Outlook press release (2026)prnewswire.com
Inside AirbnbCity data pages, June 2026 scrapes: Los Angeles, New York City, Broward County, San Diego, Austin, Nashville, and 9 others (2026)insideairbnb.com
AirROIBest Airbnb Markets 2026: Data from 20M+ Listings Reveals Where to Invest (2026)airroi.com
Airbnb, Inc.Q3 2024 Shareholder Letter (8-K exhibit, 2024); FY2025 Form 10-K (2026)sec.gov
Expedia Group, Inc.FY2025 Form 10-K (2026)sec.gov
NYC Office of Special EnforcementShort-Term Rental Registration Dataset, January 7, 2026 (2026)nyc.gov
Hawaii DBEDTFebruary 2026 Hawaii Vacation Rental Performance Report (2026)hawaii.gov