What's Hot: The 4 Projects in the Works Near DC's Starburst Intersection | A 153-Room Aloft Hotel Pitched For Mt. Vernon Triangle
$10,600 a Year: Airbnb a Boon to DC Seniors
A new report could provide a counter-narrative to the discussion of why many wealthy individuals, many of them seniors, are opting to reside in larger dwellings that could support families.
Airbnb has released data showing that senior hosts in the District grossed a total of $5.5 million in 2017. These earnings are 50 percent higher than what was observed in 2016.
story continues below
loading...story continues above
An interesting facet to this study is that only 360 hosts in DC identified as being aged 60 years or older, a number that, while low, is still 62 percent higher than in 2016. These hosts earned an average of $10,600 last year via the platform. Seniors who own a listing in Ward 2 ($1.8 million) or Ward 6 ($1.5 million) earned the highest income; Wards 1 and 3 followed with earnings in the $700,000s.
Senior women in particular are taking the lead on using the service, representing 61 percent of senior hosts in Ward 4 and 52 percent of senior hosts in Ward 6.
This article originally published at https://dc.urbanturf.com/articles/blog/airbnb-income-aids-those-aging-in-place/13767.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Today, UrbanTurf is examining one of our favorite metrics regarding competition in th... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
The residential development in the works along Florida Avenue NE is looking to increa... read »
Renter demand has continued to push Class A apartment rents in the DC region up this ... read »
- What Are the Annual Maintenance Costs When You Own a Home?
- The 6 Places In The DC Area Where You Aren't The Only One Bidding On a Home
- A First Look At The New Plans For Adams Morgan's SunTrust Plaza
- 46 to 48: The Biggest Project In Trinidad Looks To Get Bigger
- How Much Did DC-Area Rents Rise At The Beginning of 2024?
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro