Executive Summary
Key NYC Airbnb price driver findings
Across 4881 NYC Airbnb listings analysed (capped at $500/night), the median nightly price is $100. Manhattan commands the highest borough median at $140. Entire-home listings carry a median premium of $85 over private rooms, making room type the single largest price driver. OLS regression confirms these patterns persist after controlling for availability,
minimum nights, and review count simultaneously.
Median Price by Borough
Median nightly Airbnb price across the five NYC boroughs
Manhattan leads all boroughs with a median nightly price of $140, while Bronx is the most affordable at $65 — a gap of $75. Manhattan's premium likely reflects both its central location and the concentration
of entire-home listings in high-demand neighbourhoods. Borough selection is the first major lever for guests managing their accommodation budget.
Price Distribution by Room Type
Distribution of nightly prices across listing types
Entire home/apartment listings have a median nightly price of $155, versus $70 for private rooms — a premium of $85 per night. Shared room listings are the most affordable but show the narrowest spread,
suggesting a price ceiling imposed by guest willingness-to-pay for non-private accommodation. The long upper tails on entire-home and private-room boxes reflect premium boutique
listings skewing each distribution rightward.
Top Neighbourhoods by Median Price
Top 15 NYC neighbourhoods ranked by median nightly price
Tribeca ranks as the priciest neighbourhood with a median nightly rate of $300. Premium neighbourhoods tend to cluster in Manhattan and parts of Brooklyn, reflecting
proximity to tourist attractions, dining, and transit. Guests and investors can use this ranking to benchmark specific listings against their
local micro-market median rather than the broader borough average.
Numeric Feature Correlations
Pearson correlation matrix among numeric listing features
Among numeric features, Host Listing Count shows the strongest correlation with
price (r = 0.094). Most predictors show weak to moderate pairwise correlations, suggesting limited
multicollinearity issues in the regression model. Reviews_per_month and number_of_reviews are positively correlated, as expected,
since both capture cumulative guest activity over time.
Price Regression Coefficients
OLS regression dollar-effect of each listing attribute on nightly price
After controlling for all predictors simultaneously, 'Room Type: Shared room' has the largest independent effect on price ($-119.9 per unit). 4 predictors are associated with higher prices and 5 with lower prices in this model. Room type dummies typically dominate — an entire-home listing commands a substantial
premium over the private-room baseline even within the same borough. Coefficients should be interpreted as partial effects: the price change for a
one-unit increase in each predictor, holding all other variables constant.
Geo Price Distribution Across NYC
Spatial distribution of Airbnb nightly prices across NYC boroughs
Listing prices are not uniformly distributed across NYC geography — Manhattan listings
cluster at higher price points than outer borough listings at equivalent latitudes. Dot size encodes nightly price, making price hotspots immediately visible as
clusters of large dots in Midtown and Lower Manhattan. Brooklyn shows a wide spatial spread with pockets of premium pricing in
neighbourhoods like DUMBO and Williamsburg near the Manhattan border.
Borough Availability Profile
Average days per year listings are available, by borough
Staten Island has the highest average listing availability at 181.8 days per year. Higher availability in some boroughs may reflect a lower demand relative to supply,
professional hosts running multiple listings, or seasonal booking patterns. Cross-referencing availability with median price reveals whether scarcity (low
availability) correlates with premium pricing at the borough level.
Borough Market Summary
Key Airbnb market metrics aggregated by NYC borough
| Price | Listing Count | Availability 365 | Number Of Reviews | Neighbourhood Group |
|---|---|---|---|---|
| 140 | 2055 | 110.7 | 22.6 | Manhattan |
| 90 | 2112 | 104.4 | 26 | Brooklyn |
| 70 | 571 | 144.1 | 30 | Queens |
| 70 | 37 | 181.8 | 19.8 | Staten Island |
| 65 | 106 | 171 | 26 | Bronx |
This table provides a single-page market snapshot for each NYC borough. Median price, average availability, average review count, and total listing count
allow direct apples-to-apples comparison across the five boroughs. Listing Count reflects qualifying listings per borough after price-cap filtering.