Texas has a booming Airbnb market, but what factors influence rental prices? Our analysis of Texas Airbnb listings reveals intriguing trends.
The average nightly price is around $217, though some luxury listings go up to $10,000. Surprisingly, the number of bedrooms has only a weak correlation with price (~0.34), meaning other factors like location, amenities, and property type play a bigger role.
Among Texas cities, Houston, Austin, San Antonio, Dallas, and Fort Worth dominate in listings. However, geographical coordinates alone do not strongly determine price, suggesting that neighborhood characteristics or demand trends may be more important.
For a deeper dive, future analyses could include sentiment analysis of reviews, price prediction models, and seasonality trends. Whether you’re a traveler or a host, understanding these insights can help you make smarter rental decisions! 🚀