Winahost Observatory · Volume 3

    Where does a tourist apartment earn most in Valencia? Revenue and price by district (2026)

    The Winahost Observatory analyses València’s 19 districts and five years of market evolution. Over the last 12 months, the annual revenue potential of a typical listing stands at €25,700, with an ADR of €114 and occupancy of 70.5%. Valencia is the city with the largest occupancy gainof the twenty we analyse, and its active supply is down 15.6% from the August 2024 peak.

    Sources: market data from AirDNA and asking prices from idealista/data. Analysis and editorial work: Winahost Observatory.
    Last 12 months (July 2025 – June 2026) · Historical series August 2021 – August 2026 · Updated 7 September 2026

    Quick answer

    Ciutat Vella and L’Eixample lead on revenue potential among urban districts, but they are not the ones with the best relationship to purchase price: Patraix and La Saïdia stand out there. This data compares districts against each other; it does not calculate the net profitability of a specific property, which requires exact location, licence, availability and costs.

    Valencia in figures

    €25,700

    Annual revenue of a typical listing

    +14.6% year on year

    €114.00

    ADR (average daily rate)

    +11.0% year on year

    70.5%

    Occupancy

    +4.7 pp year on year

    7,517

    Active listings

    -7.7% year on year

    Annual revenue of a typical listing is the revenue of an average active listing over the last 12 months, before host expenses, including booked nightly rates, cleaning and other guest fees. It is not the total turnover of the Valencia market, it does not equal net profitability and it is not an individual forecast. Active listings are properties published on Airbnb and Vrbo, which is not the same as dwellings with a municipal tourist licence: they are two different counts and should not be confused.

    Winahost Market Index

    Five dimensions calculated by the Observatory, from 0 to 100. The first three place Valencia against the 20 Spanish cities analysed in Volume 1: an 80 means Valencia ranks above 80% of them. It replaces third-party scores: it is our own analysis and anyone can recheck it.

    80/100

    Demand

    Against the 20 cities

    Occupancy of 72.1%, above 85% of the cities analysed.

    35/100

    Rate level

    Against the 20 cities

    ADR of €134, slightly above the national median (€129).

    95/100

    Growth

    Against the 20 cities

    Revenue up 14.1%, against a 12.4% median.

    57/100

    Annual stability

    Declared own scale

    Monthly occupancy varies 9.7% around its mean: low seasonality.

    78/100

    Supply balance

    Declared own scale

    Active listings fall 11.7% year on year: less competition.

    Demand, rate and growth express Valencia’s position among the 20 cities in Volume 1 of the Observatory. Stability and supply balance use our own declared scale, since we do not hold a monthly series for all 20 cities: stability = 100 minus the coefficient of variation of monthly occupancy, capped at 30% stability = 100 × (1 − CV/30%), capped at 0-100; a CV of 13.0% gives 57. Supply = 100 × (drop from peak / 20%), also capped; a 15.6% drop gives 78. Period: July 2025 – June 2026. We publish no overall score: the five dimensions do not share a base and an average would mean nothing.

    Profitability of a tourist apartment in Valencia: what this data can and cannot tell you

    This report does not calculate the net profitability of a tourist apartment in Valencia. The data provides estimates of revenue, rate, occupancy and supply; to talk about profitability you would have to deduct, among other things, financing, taxes, service charges, utilities, maintenance, cleaning, platform commissions and management, as well as checking that tourist use is legally viable for that property.

    So the €25,700 should be read as an aggregate market revenue benchmark, not as profit nor as a promise for a specific home. If you are an owner, you can ask us for a tailored estimate within our short-term rental management service in Valencia.

    The market panel shows an average of 7,517 active listings in 2026, while the monthly export records 7,879 in August 2026. They are different cuts of the same source — a partial-year average against a single month — so they are presented separately and should not be mixed in the same comparison.

    Valencia in 5 key points

    1. Key point 1

      Less supply, higher rates and higher occupancy at once

      Comparing January-August 2026 with the same months of 2025, active listings fall 7.7%, ADR rises 11.0%, occupancy gains 3.9 points and RevPAR advances 17.7%. All three improve together, which suggests the supply that left was not matched by a loss of demand.

    2. Key point 2

      Occupancy is barely associated with the revenue gap between districts

      Across the 19 districts, the linear correlation between Revenue Potential and ADR is 0.94; with occupancy, 0.01. Eighteen of the nineteen sit between 64% and 74% occupancy. The sample is small, values are rounded and correlation does not imply causation.

    3. Key point 3

      Same occupancy, €11,900 apart

      L’Eixample — home to Russafa — and El Pla del Real share 74% occupancy in the rounded data. The first shows €33,300 of annual revenue potential, the second €21,400: 55.6% more. The main observable difference is the rate, €135.5 against €97.7.

    4. Key point 4

      The centre and the coast hold the rate

      Ciutat Vella (El Carme, El Mercat) and L’Eixample (Russafa) lead urban revenue potential, at €33,500 and €33,300. Poblats Marítims, which includes El Cabanyal and La Malvarrosa, shows €27,300 with a €122.6 rate.

    5. Key point 5

      Summer is the peak here

      Unlike Madrid, Valencia peaks in mid-summer: July 2026 records the highest ADR of the whole series (€139.55) and the best RevPAR (€110.26). Occupancy tops out slightly earlier, in May (81.1%). December and January stay below 54%.

    Monthly comparisons come from the aggregated export and may differ slightly from the market panel figures, due to cut-off date and aggregation method.

    Do you own a property in Valencia? See how we manage short-term rentals in Valencia.

    Valencia: more revenue with less supply and higher occupancy

    Valencia shows an unusual combination in 2026: less active supply, higher rates and, at the same time, higher occupancy. Comparing the first eight months of 2026 with the same months of 2025, active listings fall 7.7%, ADR rises 11.0%, occupancy gains 3.9 points and RevPAR advances 17.7%. All three improving together suggests the supply that left was not matched by a loss of demand.

    Reusable quote

    According to the Winahost Observatory, València records 7,879 active listings in August 2026, 15.6% below its August 2024 peak, while the annual revenue potential of a typical listing stands at €25,700 with 70.5% occupancy.

    Revenue potential by district in València

    We have estimated Revenue Potential for all 19 city districts. The metric allows comparing estimated revenue-generating capacity between areas, but it does not equal profit, net profitability or return on investment. Next to each district we list the areas it contains, because the official names are not always the ones people use.

    Areas with the highest Revenue Potential

    The top two submarkets are far from the rest: read them as outliers.

    Districts with the highest revenue potentialEstimated annual Revenue Potential · last 12 monthsPobles del Nord€37,500Ciutat Vella€33,500L'Eixample€33,300Extramurs€29,500Poblats Marítims€27,300Camins al Grau€26,000Quatre Carreres€25,700La Saïdia€24,800Patraix€24,600L'Olivereta€22,100Campanar€21,700El Pla del Real€21,400Pobles del Nord (light teal) is an outlier: a district of outlying villages with a very high rate.Winahost Observatory · Own analysis based on AirDNA datawinahost.com

    About the top positions. They include submarkets with metrics far from the median. Without a sample-size figure per area, read them as observed market values and not as an investment ranking.

    Revenue Potential, occupancy and ADR of València’s 19 districts

    19 of 19 districts
    Revenue Potential, occupancy and average daily rate of València’s 19 districts
    #
    1Pobles del NordMassarrojos, Carpesa, Benifaraig, Borbotó€37,50060%€175.5
    2Ciutat VellaEl Carme, El Mercat, La Seu, Sant Francesc€33,50073%€139.8
    3L'EixampleRussafa, Gran Via, El Pla del Remei€33,30074%€135.5
    4ExtramursEl Botànic, Arrancapins, La Roqueta, La Petxina€29,50072%€121.0
    5Poblats MarítimsEl Cabanyal, La Malvarrosa, El Grau, Natzaret€27,30069%€122.6
    6Camins al GrauAiora, Penya-roja, La Creu del Grau€26,00073%€108.5
    7Quatre CarreresCiutat de les Arts, Malilla, Montolivet, La Punta€25,70069%€113.5
    8La SaïdiaMarxalenes, La Trinitat, Morvedre€24,80069%€107.4
    9PatraixPatraix, Sant Isidre, Vara de Quart€24,60071%€105.9
    10L'OliveretaNou Moles, Tres Forques, La Fontsanta€22,10069%€96.3
    11CampanarCampanar, Sant Pau, Les Tendetes€21,70072%€92.1
    12El Pla del RealMestalla, Exposició, Ciutat Universitària€21,40074%€97.7
    13BenicalapBenicalap, Ciutat Fallera€21,20065%€103.5
    14Pobles de l'OestBenimàmet, Beniferri€20,80067%€97.8
    15JesúsSant Marcel·lí, La Raiosa, La Creu Coberta€20,20068%€90.3
    16BenimacletBenimaclet, Camí de Vera€20,10071%€85.3
    17RascanyaOrriols, Torrefiel, Sant Llorenç€19,80068%€89.7
    18AlgirósCiutat Jardí, L’Amistat, L’Illa Perduda€19,60071%€84.1
    19Pobles del SudEl Saler, El Palmar, Pinedo, El Perellonet€18,20064%€106.7

    Submarkets may have different sample sizes. In the absence of a listing count per submarket in the dataset used, extreme values should be interpreted with caution. Data source: AirDNA, last 12 months. Processing and analysis: Winahost.

    Investor radar: purchase price and revenue potential by district

    The district that earns most is not necessarily the one offering more revenue potential per euro of entry. Once the asking price is added, the map of Valencia changes: Ciutat Vella and L’Eixample lead on absolute revenue, while Patraix and La Saïdia stand out on the gross ratio between revenue potential and purchase price.

    The figure that explains the map

    Buying a theoretical 70 m² home in L’Eixample would cost €186,900 more than in Rascanya. Their annual revenue potential, however, differs by €13,500. The entry price multiplies by 2.09; revenue potential, by 1.68.

    Purchase price against revenue potential

    Central districts sit top right: they earn more, but they also cost far more.

    What it costs to buy against what the market yields70 m² at the August 2026 asking price · 16 districts8,0 %10,0 %12,0 %€20k€25k€30k€35k200k250k300k350kPatraixPoblats MarítimsRascanyaL'EixampleBenimacletEl Pla del RealDiagonals mark a constant revenue-to-price ratio. Higher above a line means more revenue per euro invested — before any costs.Winahost Observatory · Own analysis based on AirDNA datawinahost.com

    A theoretical 70 m² home would cost about €358,190 in L’Eixample and €171,290 in Rascanya: the price multiplies by 2.09. Revenue potential, however, multiplies only by 1.68. The gap between those two multipliers is this whole section in one line.

    The most striking case is not the priciest but El Pla del Real: it shares the city’s best occupancy with L’Eixample (74%), sells at €4,200/m² and its revenue potential stops at €21,400. That is the lowest ratio of the sixteen. At the other end, Patraix and La Saïdia do not stand out on absolute revenue but do once you weigh what it costs to get in.

    Asking price, revenue potential and gross ratio across the 16 districts with data

    DistrictAsking priceBuying 70 m²Revenue potentialGross ratioYear-on-year
    Patraix€2,896/m²€202,720€24,60012.1%+9.9%
    La Saïdia€2,957/m²€206,990€24,80012.0%+1.2%
    L'Olivereta€2,667/m²€186,690€22,10011.8%+9.8%
    Poblats Marítims€3,343/m²€234,010€27,30011.7%+13.3%
    Rascanya€2,447/m²€171,290€19,80011.6%+14.5%
    Extramurs€3,749/m²€262,430€29,50011.2%+6.4%
    Quatre Carreres€3,410/m²€238,700€25,70010.8%+6.8%
    Benicalap€2,818/m²€197,260€21,20010.7%+14.0%
    Camins al Grau€3,496/m²€244,720€26,00010.6%0.0%
    Jesús€2,850/m²€199,500€20,20010.1%+4.5%
    Ciutat Vella€4,894/m²€342,580€33,5009.8%+6.2%
    L'Eixample€5,117/m²€358,190€33,3009.3%+5.5%
    Campanar€3,554/m²€248,780€21,7008.7%+2.8%
    Benimaclet€3,487/m²€244,090€20,1008.2%+18.7%
    Algirós€3,401/m²€238,070€19,6008.2%+4.7%
    El Pla del Real€4,200/m²€294,000€21,4007.3%+0.6%

    Four ways to read the Valencia market

    If you are after the highest revenue potential

    Ciutat Vella and L’Eixample lead the urban districts, at €33,500 and €33,300 of Revenue Potential. They are also the two markets with the highest asking price: €4,894/m² and €5,117/m².

    If you compare revenue potential with entry price

    Patraix and La Saïdia lead the indicative gross ratio, at 12.1% and 12.0%. El Pla del Real comes last at 7.3%, despite posting one of the highest occupancy rates.

    If you look at where residential prices are growing

    Benimaclet records the largest year-on-year rise at 18.7%, followed by Rascanya, Benicalap and Poblats Marítims. This reflects the advertised residential market and does not guarantee future appreciation.

    If you are assessing a specific deal

    The district average is not enough. Russafa costs 9% less than the L’Eixample average, while El Cabanyal-El Canyamelar sits 14.3% above Poblats Marítims. The exact location can change the entry price considerably.

    None of these readings alone determines where to invest. Before assessing a deal you must check the planning viability of tourist use, the property’s actual price, acquisition and operating costs, its availability and the demand for its exact location.

    Are you assessing a property in Valencia?

    Aggregate data helps you shortlist areas, but the decision is made property by property. Winahost analyses location, demand, potential rate, seasonality and operational fit to prepare a tailored estimate within its tourist apartment management in Valencia.

    Assess my property’s potential

    What the gross ratio is and is not

    The ratio is annual revenue potential divided by the price of buying 70 m². It is not profitability: it does not deduct purchase taxes, refurbishment, financing, service charges, maintenance, management or commissions, and it does not check whether tourist use is viable for that property. It serves to rank districts against each other, not to decide a purchase.

    The biggest price rises are concentrated outside the centre

    Benimaclet, Rascanya, Benicalap and Poblats Marítims post double-digit rises, while several central districts advance more moderately. Benimaclet leads the asking-price rise at 18.7% year on year, followed by Rascanya (14.5%), Benicalap (14.0%) and Poblats Marítims (13.3%). At the other end, Camins al Grau sits at 0.0%, El Pla del Real at 0.6% and La Saïdia at 1.2%. Eleven of the sixteen districts are already below their historical peak, and the three that have fallen furthest — Patraix (−6.7%), El Pla del Real (−4.5%) and Camins al Grau (−3.2%) — touched it in spring 2026. We describe where prices are rising fastest; we have not formally measured the centre-versus-outskirts gap, which would require a consistent aggregation of both years.

    Benimaclet shows that residential appeal and tourist capacity are not the same thing: it is the district whose price rises most and, at once, one of the lowest on ADR (€85.3).

    District averages mislead: the neighbourhoods that break away

    The names people use do not always match the district that contains them, and neither do the prices. These are the well-known neighbourhoods that deviate most from their district average, in both directions.

    NeighbourhoodDistrictAsking pricevs its district
    Ciutat de les ArtsQuatre Carreres€5,271/m²+54.6%
    Penya-RojaCamins al Grau€4,917/m²+40.6%
    Sant FrancescCiutat Vella€5,792/m²+18.3%
    El CabanyalPoblats Marítims€3,821/m²+14.3%
    RussafaL'Eixample€4,656/m²-9.0%
    Playa de la MalvarrosaPoblats Marítims€3,000/m²-10.3%
    El CarmeCiutat Vella€4,059/m²-17.1%
    NatzaretPoblats Marítims€2,177/m²-34.9%

    Russafa sells 9% below the L’Eixample average, which is pushed up by El Pla del Remei and Gran Vía. And El Carme shows the lowest price among the Ciutat Vella neighbourhoods included in the comparison, at €4,059/m². El Cabanyal, by contrast, costs 14% more than its district. They do not all deviate the same way.

    About the price data

    District asking prices published by idealista for August 2026, retrieved on 8 September 2026. These are ASKING prices — what is requested, not what closes — and cover the district’s entire residential stock, not just tourist dwellings. idealista changed its methodology in July 2026, so year-on-year changes should be read with that caveat. Three districts have no published price: Pobles del Nord, Pobles de l’Oest and Pobles del Sud. All 16 district figures and the neighbourhood prices were consulted directly in the idealista/data reports.

    What weighs more on revenue potential: price or occupancy

    In this cut of 19 districts, Revenue Potential shows a linear correlation of 0.94 between Revenue Potential and ADR, against 0.01 with occupancy. That points to a much stronger association with rate than with occupancy within this table, but it does not prove causality nor allow attributing the whole gap to price: the calculation is not weighted by the number of listings per district, uses rounded values and rests on a small territorial sample. Eighteen of the nineteen districts sit between 64% and 74% occupancy.

    Rate vs occupancy across the 19 districts

    The points stretch a lot horizontally (rate) and little vertically (occupancy).

    Rates separate districts; occupancy does notValència's 19 districts · lines mark the median58 %62 %66 %70 %74 %78 %80100120140160180median ADR €105.9median occupancy 69 %Pobles del NordCiutat VellaL'EixampleEl Pla del RealPoints spread horizontally and cluster vertically: 18 of the 19 districts sit between 64 % and 74 % occupancy.Winahost Observatory · Own analysis based on AirDNA datawinahost.com

    L’Eixample and El Pla del Real: the same occupancy, twice the distance

    SubmarketOccupancyADRRevenue Potential
    L'Eixample74%€135.5€33,300
    El Pla del Real74%€97.7€21,400

    Two submarkets can fill a similar share of nights and still show very different revenue potential: the gap is 55.6 times in favour of L’Eixample, home to Russafa. They fill the same share of nights; what changes is the price. It is this edition summed up in two rows.

    Where the highest occupancy is observed

    1. 1L'Eixample74%
    2. 2El Pla del Real74%
    3. 3Ciutat Vella73%
    4. 4Camins al Grau73%
    5. 5Extramurs72%
    6. 6Campanar72%
    7. 7Patraix71%
    8. 8Benimaclet71%
    9. 9Algirós71%
    10. 10Poblats Marítims69%

    High occupancy does not coincide with the highest revenue potential. El Pla del Real shares the city’s best occupancy with L’Eixample (74%) and yet shows 36% less revenue. And the district with the highest revenue of all, Pobles del Nord, has the lowest occupancy of the nineteen.

    The areas with the highest daily rates

    1. 1Pobles del Nord€175.5
    2. 2Ciutat Vella€139.8
    3. 3L'Eixample€135.5
    4. 4Poblats Marítims€122.6
    5. 5Extramurs€121.0
    6. 6Quatre Carreres€113.5
    7. 7Camins al Grau€108.5
    8. 8La Saïdia€107.4
    9. 9Pobles del Sud€106.7
    10. 10Patraix€105.9

    The highest ADRs are concentrated in a small group of submarkets. The top two are clear outliers and should be analysed with caution until additional information on sample size and composition is available.

    When short-term rental works best in Valencia

    Unlike Madrid, Valencia does peak in mid-summer: July is the strongest of the last twelve months, with an ADR of €139.55 and a RevPAR of €110.26, both series highs. Occupancy tops out slightly earlier, in May (81.1%). Winter marks the contrast: December and January stay below 54% occupancy. Across the whole series, the best month yields 2.03 times the worst. The pattern corresponds to the period analysed and may change in later years.

    Occupancy month by month

    Peak 81.1% · low 52.3%.

    Occupancy month by monthLast 12 months · September 2025 – August 202650 %60 %70 %80 %76Sep 2576Oct 2558Nov 2552Dec 2554Jan 2672Feb 2669Mar 2676Apr 2681May 2679Jun 2679Jul 2677Aug 26Peak 81,1 % in May 26 · low 52,3 % in Dec 25Winahost Observatory · Own analysis based on AirDNA datawinahost.com
    Average daily rate and RevPAR month by month

    Peak ADR €139.55 · peak RevPAR €110.26.

    Average daily rate and RevPAR month by monthLast 12 months · September 2025 – August 2026 · both series in eurosADRRevPAR4070100130Sep 25Oct 25Nov 25Dec 25Jan 26Feb 26Mar 26Apr 26May 26Jun 26Jul 26Aug 26Peak ADR €139.55 and peak RevPAR €110.26, both in July 2026: the best month in the whole series.Winahost Observatory · Own analysis based on AirDNA datawinahost.com

    How the market has changed since 2021

    Our analysis of the monthly series places the peak of active supply at 9,332 listings in August 2024. In August 2026, the monthly export records 7,879. In parallel, the series ADR reaches its highest value in June 2026 (€139.55) and RevPAR in May 2026 (€110.26).

    Year by year: the turning point is 2025

    Supply grew strongly until 2024 (+30% in 2023 and +20% in 2024), stalled in 2025 and falls clearly in 2026. Meanwhile the rate accelerates: so far in 2026 ADR is up 10.8% and RevPAR 11.8% against the same months of 2025.

    YearActive listingsADROccupancyRevPAR
    2021(partial year)4,765€7670.8%€54
    20225,091€9372.0%€68
    20236,528+28.2%€99+5.8%72.7%+0.7 pp€72+6.8%
    20248,325+27.5%€110+11.7%67.5%-5.1 pp€75+4.2%
    20258,156-2.0%€107-3.0%68.2%+0.6 pp€73-2.4%
    2026(partial year)7,517-7.7%€120+11.0%73.4%+3.9 pp€89+17.7%

    2026: vs same months of the previous year. 2021 covers July to December and 2026 January to July. The 2026 changes are compared with the same months of 2025, not with the full calendar year, so the comparison is like for like. 2021 and 2022 show no change because there is no comparable period within the series.

    Active supply and average rate, 2021-2026

    Active supply falls from its 2024 peak while the average rate keeps rising.

    Less active supply, higher ratesAnnual averages · 2021 and 2026 are partial years of the seriesActive listingsADR4,5005,5006,5007,5008,50070851001151302021*20222023202420252026** 2021 covers August to December and 2026 January to August. Active listings are down 15.6 % from the August 2024 peak.Winahost Observatory · Own analysis based on AirDNA datawinahost.com

    The market panel shows 7,517 active listings, while the July 2026 monthly export shows 7,879. Panel and monthly export may differ slightly due to update date and aggregation method.

    Valencia vs the rest of Spain

    Valencia ranks 11th of the 20 Spanish cities we analyse by annual revenue potential, with an ADR below the national median (€114 against €124). But it is the city with the LARGEST occupancy gain of the twenty: 4.7 points in a year, against a median of 0.4. It is a combination — rising demand with a rate below the median — that describes the period observed. It does not allow us to state how much rates may rise in future.

    How does Valencia compare with Barcelona, Madrid, Seville, Málaga or Palma? Volume 1 of the Observatory ranks the 20 cities by annual revenue potential, ADR, occupancy and year-on-year change.

    Five figures to quote

    1. 1

      L’Eixample costs €186,900 more than Rascanya for a theoretical 70 m² home, yet its annual revenue potential is only €13,500 higher.

    2. 2

      Patraix leads the gross ratio between revenue potential and entry price, while El Pla del Real comes last.

    3. 3

      Russafa sits 9% below the L’Eixample average price; El Cabanyal-El Canyamelar, 14.3% above Poblats Marítims.

    4. 4

      Benimaclet is the district where the asking price rises most, yet it is among those with the lowest tourist ADR.

    5. 5

      Ciutat de les Arts costs 54.6% more than the Quatre Carreres average, while Natzaret sits 34.9% below Poblats Marítims.

    Figures from the Winahost Observatory on AirDNA and idealista/data. They are not investment recommendations.

    Methodology and sources

    This report uses market data retrieved on 7 September 2026. AirDNA returns 21 submarkets for Valencia; we publish 19. We excluded La Malva-rosa, which sits inside the Poblats Marítims district and would double-count the same area, and L’Horta Nord, which is not a city district but a neighbouring comarca. Exactly the 19 official districts of València remain. Excluding them does not change the conclusion: the revenue-to-rate correlation moves from 0.92 to 0.94 and revenue-to-occupancy from −0.01 to 0.01.

    Active listings refer to properties published on Airbnb and Vrbo, not to dwellings with a municipal tourist licence. The historical evolution uses a monthly export from July 2021 to July 2026 with Total Listings, Active Listings, Booked Listings, Days Available, Demand (Nights), Revenue, Occupancy, ADR, RevPAR and Average Stay Length.

    Rankings are not weighted by the number of listings in each submarket, because that figure was not available in the dataset provided for this edition. Extreme values should therefore be interpreted with caution.

    Asking prices come from the public idealista/data reports for August 2026, retrieved on 8 September 2026. They are asking prices for the whole residential stock, not final sale prices nor data exclusive to tourist dwellings. idealista/data flags a methodology change from July 2026, so year-on-year changes should be read with that caveat.

    Attribution by source: short-term rental data from AirDNA; advertised residential prices from idealista/data; and the cross-referencing, ratios, charts and conclusions are the Winahost Observatory’s own work.

    Revenue Potential: AirDNA’s estimate of the revenue a listing could have generated had it been available all year. The calculation takes into account its blocked days, historical performance, occupancy, seasonality, rates and nearby comparable properties.

    Annual revenue of a typical listing: revenue of an average active listing over the last 12 months, before host expenses, including booked nightly rates, cleaning and other guest fees. It is not the aggregate turnover of the market.

    None of these metrics is a guaranteed forecast for a specific property, and Revenue Potential does not equal net profitability: it does not include purchase price, financing, taxes, service charges, maintenance, management or other costs.

    Data sources: AirDNA (short-term rental market) and idealista/data (asking sale prices). Submarket selection and cleaning, the Winahost Market Index, rankings, correlations, medians, seasonality analysis, 2021-2026 evolution, visualisations and conclusions are the Winahost Observatory’s own work.

    How to cite

    Winahost (2026). Where does a tourist apartment earn most in Valencia? Revenue and price by district. Winahost Observatory, Volume 4.

    URL: https://winahost.com/en/observatory/short-term-rental-market-valencia-2026

    Frequently asked questions

    The following answers come from the Winahost Observatory’s analysis of AirDNA market data, unless another source is stated.

    How much does an Airbnb earn in Valencia?

    The annual revenue potential of a typical listing in València stands at €25,700 over the last 12 months analysed, before host expenses. It is an aggregate market metric, not the total turnover of the city nor a forecast for a specific property.

    What is the average occupancy of an Airbnb in Valencia?

    The market’s benchmark occupancy is 70.5%. Our monthly series from September 2025 to August 2026 averages 70.8%, peaking at 81.1% in May 2026 and bottoming at 52.3% in December 2025.

    What is the ADR of short-term rental in Valencia?

    València’s benchmark ADR is €114, below the median of the 20 cities we analyse (€124). In our monthly series, July 2026 reaches €139.55, the highest of the August 2021 to August 2026 period.

    Which district of Valencia has the highest Revenue Potential?

    Pobles del Nord shows the highest Revenue Potential, €37,500, but it is an outlier from a district of outlying villages, and we lack the sample size needed to judge its stability. Among urban districts, Ciutat Vella (€33,500) and L’Eixample (€33,300) lead.

    Which are the best areas for an Airbnb in Valencia?

    There is no single best area: it depends on the property and the strategy. In our analysis, the districts with the highest revenue potential are Ciutat Vella (El Carme, El Mercat), L’Eixample (Russafa), Extramurs and Poblats Marítims (El Cabanyal, La Malvarrosa). These are observed market values, not an investment recommendation, and they do not take into account purchase price or costs.

    How much does it cost to buy a flat for short-term rental in Valencia?

    Based on idealista asking prices for August 2026, buying 70 m² would cost about €358,190 in L’Eixample, €342,580 in Ciutat Vella and €171,290 in Rascanya. These are asking prices for the district’s whole residential stock, not closing prices nor exclusive to tourist dwellings, and they exclude taxes, refurbishment and purchase costs.

    Which district of Valencia has the best price-to-revenue relationship?

    Patraix (12.1%) and La Saïdia (12.0%) lead the ratio between annual revenue potential and the price of buying 70 m², followed by L’Olivereta (11.8%) and Poblats Marítims (11.7%). The lowest is El Pla del Real (7.3%). It is an indicative gross ratio for ranking districts, not a profitability figure: it does not deduct taxes, refurbishment, financing or operating costs.

    Is it better to buy in central Valencia or on the outskirts?

    It depends what you are after. The centre earns more in absolute terms — Ciutat Vella €33,500 and L’Eixample €33,300 — but costs far more: the price multiplies by 2.09 between L’Eixample and Rascanya while revenue multiplies only by 1.68. Districts such as Patraix or La Saïdia do not stand out on absolute revenue but do once weighed against the entry price. Neither is an investment recommendation.

    Which areas of Valencia are rising most in price?

    Over the past year Benimaclet leads the asking-price rise at 18.7%, followed by Rascanya (14.5%), Benicalap (14.0%) and Poblats Marítims (13.3%). At the other end, Camins al Grau sits at 0.0%, El Pla del Real at 0.6% and La Saïdia at 1.2%. idealista changed its methodology in July 2026, so these year-on-year figures should be read with that caveat.

    What does a square metre cost in Russafa and El Cabanyal?

    Russafa is at €4,656/m² and El Cabanyal-El Canyamelar at €3,821/m², per idealista in August 2026. It is worth looking by neighbourhood rather than district: Russafa costs 9% less than the L’Eixample average, while El Cabanyal costs 14% more than the Poblats Marítims average. And El Carme shows the lowest price among the Ciutat Vella neighbourhoods included, at €4,059/m².

    Which districts of Valencia have the highest occupancy?

    L’Eixample and El Pla del Real reach 74%, followed by Ciutat Vella and Camins al Grau at 73%. Their revenue potential, however, differs sharply: occupancy alone does not rank the market.

    Does higher occupancy mean higher revenue?

    In Valencia, no. L’Eixample and El Pla del Real both show 74% occupancy, but their Revenue Potential is €33,300 and €21,400 respectively. Across the 19 districts, Revenue Potential correlates 0.94 with ADR and 0.01 with occupancy — essentially nothing.

    Which are the strongest months for short-term rental in Valencia?

    July 2026 is the strongest month of the series for ADR (€139.55) and RevPAR (€110.26). Occupancy peaks slightly earlier, in May 2026 (81.1%). December and January are the weakest, below 54% occupancy. The pattern corresponds to the period analysed and may change in later years.

    Does Revenue Potential mean profitability?

    No. Revenue Potential is a market revenue metric. A property’s net profitability also depends on purchase price, financing, taxes, service charges, maintenance, management and other costs.

    Is the supply of tourist dwellings in Valencia falling?

    Yes. The monthly series records 7,879 active listings in August 2026 against the 9,332 peak of August 2024: 15.6% fewer. Bear in mind that active Airbnb and Vrbo listings are not the same as licensed tourist dwellings.

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