Looking for a profitable short-term rental market to invest in? Airbnb has made it easier than ever for homeowners to rent out their properties, making it an appealing investment opportunity for those seeking a lucrative market. In this article, we've compiled a list of the top 10 Airbnb markets for investors based on their number of units available and relevant statistics. From Kissimmee, Florida, to Nashville, Tennessee, we'll take a closer look at each market and what makes them a sound investment choice.
These top Airbnb markets offer great investment opportunities, but which one is the best for you?
- Kissimmee, FL - Best for 7% ROI and proximity to popular theme parks.
- Los Angeles, CA - Best for large market size and high demand for short-term rentals.
- San Diego, CA - Best for profitable market with year-round warm weather and popular attractions.
- Atlanta, GA - Best for growing tourism industry with diverse attractions.
- Las Vegas, NV - Best for lucrative market with high demand in popular areas.
- New York, NY - Best for large market size and high demand for tourism and business travel.
- Austin, TX - Best for profitable market with high demand during major events.
- Houston, TX - Best for growing economy and strong demand in popular neighborhoods.
- Brooklyn, NY - Best for profitable market with high demand from young professionals and creatives.
- Nashville, TN - Best for profitable market with thriving tourism industry and unique accommodations.
1. Kissimmee, FL
Kissimmee, FL, is a top market for Airbnb investors due to its proximity to popular theme parks like Disney World and Universal Studios, as well as its warm climate and year-round tourism. The city has a large market size, with 17,557 Airbnb units available, and an average Airbnb price of $482,000. The average daily rate (ADR) is $170, and the occupancy rate is 77.4%. The ROI is 7%, making Kissimmee a sound investment choice for those seeking a profitable short-term rental market.
2. Los Angeles, CA
Los Angeles, CA, is a prime location for investors looking to profit from short-term rentals due to its year-round tourism, high demand for vacation rentals, and favorable regulations for short-term rentals. The city has a large market size, with 14,098 Airbnb units available, and an average Airbnb price of $1.4 million. The ADR is $132, and the occupancy rate is 74.8%. The ROI is 1%, which may be lower than some other markets, but Los Angeles' high demand for short-term rentals makes it an attractive choice for investors.
3. San Diego, CA
San Diego, CA, is an up-and-coming market for short-term rental investors due to its year-round warm weather, beautiful beaches, and popular tourist attractions such as the San Diego Zoo and SeaWorld. The city has a large market size, with 12,421 Airbnb units available, and an average Airbnb price of $1.1 million. The ADR is $168, and the occupancy rate is 78.7%. The ROI is 3%, making San Diego a sound investment choice for those seeking a profitable short-term rental market.
4. Atlanta, GA
Atlanta, GA, is a sound investment choice for those seeking a profitable short-term rental market due to its growing tourism industry and diverse range of attractions, including major sports teams, museums, and a thriving food scene. The city has a large market size, with 10,943 Airbnb units available, and an average Airbnb price of $421,000. The ADR is $125, and the occupancy rate is 54.6%. The ROI is 3%, making Atlanta an attractive choice for investors.
5. Las Vegas, NV
Las Vegas, NV, is a wise choice for those investing in Airbnb rentals due to its year-round tourism and high demand for short-term rentals in popular areas such as the Strip and downtown. The city has a large market size, with 10,548 Airbnb units available, and an average Airbnb price of $365,000. The ADR is $151, and the occupancy rate is 65.3%. The ROI is 5%, making Las Vegas an attractive choice for investors.
6. New York, NY
New York, NY, is a prime location for investors looking to profit from short-term rentals due to its high demand for tourism and business travel, as well as its diverse range of neighborhoods and attractions. The city has a large market size, with 10,527 Airbnb units available, and an average Airbnb price of $2.5 million. The ADR is $154, and the occupancy rate is 74.9%. The ROI is 1%, which may be lower than some other markets, but New York's high demand for short-term rentals makes it an attractive choice for investors.
7. Austin, TX
Austin, TX, is a top Airbnb market due to its thriving tourism industry and high demand for short-term rentals, especially during major events like SXSW and ACL Fest. The city has a large market size, with 10,436 Airbnb units available, and an average Airbnb price of $862,000. The ADR is $167, and the occupancy rate is 70.8%. The ROI is 3%, making Austin a sound investment choice for those seeking a profitable short-term rental market.
8. Houston, TX
Houston, TX, offers a lucrative investment opportunity due to its growing economy, diverse population, and strong demand for short-term rentals in popular neighborhoods. The city has a large market size, with 10,370 Airbnb units available, and an average Airbnb price of $394,000. The ADR is $103, and the occupancy rate is 57.0%. The ROI is 3%, making Houston an attractive choice for investors.
9. Brooklyn, NY
Brooklyn, NY, is a top market for Airbnb investors due to its high demand for short-term rentals, diverse neighborhoods, and proximity to popular tourist attractions. The city also has a large population of young professionals and creatives who are more likely to use Airbnb for travel accommodations. The market size is large, with 10,144 Airbnb units available, and an average Airbnb price of $1.6 million. The ADR is $120, and the occupancy rate is 79.4%. The ROI is 1%, which may be lower than some other markets, but Brooklyn's high demand for short-term rentals makes it an attractive choice for investors.
10. Nashville, TN
Nashville, TN, is a recommended choice for investors interested in the short-term rental market due to its thriving tourism industry and high demand for unique accommodations in popular neighborhoods like East Nashville and The Gulch. The city has a large market size, with 9,470 Airbnb units available, and an average Airbnb price of $614,000. The ADR is $218, and the occupancy rate is 67.0%. The ROI is 6%, making Nashville a sound investment choice for those seeking a profitable short-term rental market.
Key Takeaways
The short-term rental market has become a lucrative investment opportunity for homeowners and investors alike. Airbnb has revolutionized the vacation rental industry by offering unique and affordable accommodations to travelers worldwide. By considering the factors such as market size, ROI, demand, and other relevant statistics, investors can make informed decisions on where to invest in short-term rentals. The top 10 Airbnb markets we've explored in this article offer great investment opportunities for those looking to profit from short-term rentals.
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