Performance indicators for the Banning short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Banning.
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Challenging to Investors
STRs operate in a permissive gray area (no city ordinance yet), but hosts must obtain a county Short-Term Rental Certificate ($250 initial, $100 renewal), meet posting/responsiveness standards, and plan for a likely ~10% TOT once Beaumont adopts its program. Ongoing regulatory development and potential enforcement/fees add uncertainty and compliance burden, making investment attractive but not straightforward.
Local STR Agent
STR specialist · Banning, CA
Banning is a city in Riverside County, California, United States. The population was 29,505 as of the 2020 census, down from 29,603 at the 2010 census. It is situated in the San Gorgonio Pass, also known as Banning Pass. It is named for Phineas Banning, stagecoach line owner and the "Father of the Port of Los Angeles." Banning shares geographic and regional features with its western neighbor, the city of Beaumont. Banning and Beaumont have been rapidly growing in size and population since the 1990s. Both cities are about 80 miles east of downtown Los Angeles and 30 miles west of Palm Springs, each connected by freeway and railroad.