GITNUX MARKETDATA REPORT 2024

Rental Business Profitability Statistics

Rental businesses have demonstrated strong profitability with an average profit margin ranging from 20-30% depending on the specific industry and market conditions.

Statistic 1

"Average annual revenue for a single-family rental is $16,620."

Sources Icon

Statistic 2

"As of 2021, the global online rental market is expected to grow by $431.23 billion during 2021-2025."

Sources Icon

Statistic 3

"Vacation rental revenue has grown at a rate of 3.6% per year from 2015 to 2021."

Sources Icon

Statistic 4

"38% of property investors, in 2020, say their rental properties' return is better than expected."

Sources Icon

Statistic 5

"Long-term residential rentals have an average profit margin of 6% to 8%."

Sources Icon

Statistic 6

"The annual revenue of the rental market in the United States was $62.5 billion in 2020."

Sources Icon

Statistic 7

"31% of rental owners say managing rental properties is more time consuming than expected."

Sources Icon

Statistic 8

"Vacation rental management companies report average yearly revenue growth of 9.3%."

Sources Icon

Statistic 9

"In 2018, the pedal and sailboat rental industry in the U.S. made a profit of 35%."

Sources Icon

Statistic 10

"The US short-term bike rental industry generated revenue of $81 million in 2018."

Sources Icon

Statistic 11

"In 2019, 87.3% of U.S.A rental property income came from residential properties."

Sources Icon

Statistic 12

"The rental vacancy rate in Q3 2020 was 5.7%, slightly lower than 6.8% in Q3 2019."

Sources Icon

Statistic 13

"67% of landlords are interested in adding more properties to their rental portfolio in the next 12 months."

Sources Icon

Statistic 14

"The average gross rental yield in the U.S. was 8.4% in 2017."

Sources Icon

Statistic 15

"The average property owner spends between 1% and 10% of rental income on repairs each year."

Sources Icon

Statistic 16

"56% of landlords consider property management their full-time job."

Sources Icon

Statistic 17

"A report shows that 80% of Airbnb hosts rent out their primary home, earning $7,530 annually on average."

Sources Icon

Statistic 18

"12% of investors purchased properties for rental income in 2020."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!