Top Airbnb Market in Every US State for Investors

As you ponder where to channel your investment dollars in the ever-growing Airbnb market, each state in the U.S. presents unique opportunities and challenges. This comprehensive guide dives into the top Airbnb markets across every state, offering insights into their financial viability and demographic appeal.

Awning's Top Airbnb Market tool makes finding the best Airbnb markets in the U.S. super easy. It's updated monthly and provides rankings along with direct links to each market's Airbnb data, helping you make informed decisions effortlessly.

Whether you're a seasoned investor or a newcomer to the realm of property rentals, understanding the nuances of each market can significantly influence your investment decisions. Let's explore the most promising Airbnb markets, state by state, as we uncover where and why investors are finding success in this dynamic field.

1. Auburn, Alabama

Located in the heart of Alabama, Auburn is recognized as a top Airbnb market due to its vibrant college town atmosphere, anchored by Auburn University. The city's lively mix of shops, restaurants, and cultural attractions, along with the excitement of college football games, create a dynamic environment for visitors. Auburn’s reputation as an educational and cultural hub makes it an appealing destination for travelers.

Financial Insights

Auburn offers a robust Return on Investment (ROI) with significant appeal for short-term rental investments. The financial prospects are bolstered by its consistent demand and favorable market conditions:

• Auburn maintains a solid annual Airbnb revenue, with figures reaching around $22,400, reflecting the city's ability to generate attractive financial returns for property owners.
• The Average Daily Rate (ADR) in Auburn stands at $407, ensuring that investors can expect a decent return per night from their rental properties.
• With 595 active Airbnb listings, the market is competitive yet still offers ample opportunity for new investors to enter and succeed.
• The city's Airbnb occupancy rate averages around 42%, indicative of steady demand throughout the year.
• Investment entry is relatively accessible, with property values aligning well with potential revenue, making Auburn a practical choice for both seasoned and new investors.

Ideal Investor

The ideal investor for Auburn is someone who thrives in a bustling college town environment, where the seasonal influx of visitors for academic and sporting events creates high rental demand. They should be adept at marketing properties that cater to short-term stays, leveraging Auburn’s educational and cultural events to attract guests. Successful investors will focus on delivering exceptional service, maintaining high-quality accommodations, and actively engaging with the community to enhance their property’s appeal. In Auburn, blending the charm of a college town with thoughtful hospitality can significantly boost an investor's success in the Airbnb market.

For more winning markets in Alabama, check out this article.

2. Fairbanks, Alaska

Situated in the heart of Alaska's rugged interior, Fairbanks stands out as a top Airbnb market in the state, drawing visitors with its unique blend of cultural history and stunning natural landscapes. Known as the "Golden Heart City," Fairbanks offers access to both urban amenities and the wilderness of Alaska, including the famous Northern Lights visible for much of the year. Here are some financial insights and what makes Fairbanks a promising market for Airbnb investments.

Financial Insights

• Investors can expect a competitive ROI, with the average net rental yield for a typical one-bedroom property being approximately 10.6% annually​.
• Properties in Fairbanks typically see annual revenues of around $21,000 to over $32,000, with some high-performing areas like Chena Ridge reaching up to approximately $87.7K per year​.
• The daily rates average around $195.6, reflecting Fairbanks' robust tourist demand, especially during peak seasons for viewing the Northern Lights.
• The average occupancy rate in Fairbanks is around 60%, indicating steady demand throughout most of the year​.
• The median home value in key areas like Downtown Fairbanks is around $309,000, with some variation depending on the specific location and property features​.

Ideal Investor

The ideal investor for Fairbanks is one who values diversity in both cultural and natural attractions. They should be adept at marketing properties that cater to both adventure seekers coming for the Northern Lights and cultural enthusiasts interested in the rich history of the area.

Successful investors will focus on enhancing guest experiences by providing comfortable stays and offering local insights into Fairbanks' unique attractions and events. By capitalizing on the city's year-round appeal, from its midnight sun in the summer to its winter auroras, investors can maximize occupancy and ensure a steady stream of income.

For other top Airbnb investment markets in Alaska, read this comprehensive guide.

3. Sedona, Arizona

Sedona, Arizona, is a prime destination for Airbnb investors, known for its stunning natural beauty, spiritual retreats, and a plethora of outdoor activities that attract a diverse range of tourists. From hiking and mountain biking to exploring local art galleries and cultural sites, Sedona offers a rich experience that appeals to both adventure seekers and those looking for relaxation.

Financial Insights

Investing in Sedona's Airbnb market is quite lucrative due to its high tourist appeal and limited rental inventory. Here’s what potential investors need to know:

• Properties in top neighborhoods like Uptown Sedona and Red Rocks Estates can generate impressive annual revenues. For instance, a 1-bedroom property in Uptown Sedona can earn up to $65,026 annually with an occupancy rate of around 83% and an average daily rate of $202.
• The cost of entry into Sedona’s market is high, with median property prices around $944,000, reflecting its popularity and the premium on scenic and accessible locations​.
• Sedona enjoys robust occupancy rates due to its year-round appeal, averaging about 72%​. The market experiences peaks during spring and fall when the weather is ideal for outdoor activities.
• The ADR for properties can vary significantly, with an average of around $362.5, highlighting the potential for profitable nightly rates​.

Ideal Investor

The ideal investor for Sedona is someone who values the blend of nature and culture that the area offers. Successful investors often focus on creating unique, well-appointed lodgings that reflect the local aesthetic. This includes using natural materials, local art, and amenities that cater to the outdoorsy lifestyle of their guests. Moreover, investors who engage with the community and promote local attractions see higher guest satisfaction and repeat visits.

Discover more successful markets in Arizona through this article.

4. Fayetteville, Arkansas

Fayetteville stands out as a prime Airbnb market in Arkansas, blending its vibrant university atmosphere with a rich cultural and outdoor activity scene. This makes it a magnet for visitors year-round, offering a dynamic investment opportunity.

Financial Insights:

• Fayetteville has an annual revenue of approximately $19,800 for Airbnb rentals, showing a steady market demand.
• With an average daily rate (ADR) of $260, the city promises attractive returns for short-term rentals.
• Despite a moderate occupancy rate of 46%, there's room for growth through strategic marketing and guest experience enhancements.
• The market has a significant size with 1,129 active listings, indicating a healthy level of competition but also a robust demand.
• Revenue per Available Rental (RevPAR) is about $109.3, highlighting the potential profitability of investments in this area.

Ideal Investor

The ideal investor in Fayetteville is one who appreciates the city’s unique appeal to both students and outdoor enthusiasts. They would focus on properties that offer both comfort and convenience, ideally positioned to attract a diverse range of visitors. Successful investors here often engage with the community and local businesses to enhance the guest experience, ensuring their listings stand out in a competitive market.

Want to know about more prosperous markets in Arkansas? Check out this article.

5. Palm Springs, California

Located in the sunny Coachella Valley, Palm Springs, CA, stands out as a prime choice for investors exploring the short-term rental market. Renowned for its mid-century modern architecture, vibrant arts scene, and abundant outdoor activities, Palm Springs attracts visitors year-round with its desert charm and high-profile events like the Coachella Music Festival. Here's a closer look at the financial metrics that make Palm Springs a compelling investment opportunity.

Financial Insights

• Palm Springs properties average $48,100 in annual revenue, indicating a profitable environment for Airbnb investments.
• The average daily rate for rentals is approximately $483.90, reflecting the area's premium lodging offerings.
• The occupancy rate stands at 53%, boosted by seasonal visitors and festival goers.
• Palm Springs achieves a RevPAR of about $241.2, demonstrating strong earning potential per available unit.

Ideal Investor

The ideal investor for Palm Springs is someone who appreciates the unique blend of leisure, culture, and natural beauty that the area offers. They are adept at leveraging the city's reputation as a resort destination to attract both short-term vacationers and seasonal visitors. Successful investors in this market typically offer well-appointed accommodations that highlight the local lifestyle and provide exceptional comfort and convenience.

Partnering with local businesses and events can also enhance guest experiences, making properties more attractive and competitive. By focusing on creating a high-quality guest experience, an investor in Palm Springs can capitalize on the consistent demand and achieve significant financial success.

For more of this state’s hidden Airbnb gems, go to this guide.

6. Boulder, Colorado

Boulder, Colorado, stands out as a promising investment opportunity for those interested in the Airbnb market. This city is celebrated for its scenic beauty and vibrant outdoor lifestyle, attracting tourists all year round with its hiking trails, skiing, and community events. The University of Colorado also brings a consistent influx of visitors, making Boulder a strategic choice for short-term rentals.

Financial Insights

• Boulder's ADR is approximately $372.5, indicating a healthy demand for accommodations​.
• At 63%, Boulder shows a high utilization of available rental properties, reflecting a steady stream of visitors​.
• Investors can expect notable earnings with properties generating an average annual revenue of about $28,500​.
• The city's rental market is robust due to its popularity among both tourists and business travelers, supported by a strong university presence and a thriving tech scene​.
• Investors need to be mindful of Boulder's local regulations, including zoning and licensing requirements that govern short-term rentals.

Ideal Investor

The ideal investor for Boulder, CO, is someone who is keenly aware of the city's unique blend of natural beauty and urban convenience. They should focus on providing high-quality accommodations that appeal to outdoor enthusiasts and academic visitors alike. By ensuring compliance with local regulations and leveraging Boulder's vibrant community assets, the investor can capitalize on the city's high occupancy rates and robust ADR to create a profitable Airbnb enterprise.

Uncover additional winning markets in Colorado within this article.

7. New Haven, Connecticut

New Haven emerges as a promising market for Airbnb investors seeking stable and profitable ventures. This vibrant city, renowned for its educational institutions, especially Yale University, and a rich cultural scene, offers a strong appeal to tourists and short-term residents alike. Its strategic location and a bustling urban environment create a fertile ground for Airbnb investments. Here are the financial insights that highlight why New Haven stands out:

Financial Insights:

• New Haven boasts a median occupancy rate of 55%, indicating consistent demand throughout the year​.
• The ADR in New Haven is approximately $128, making it an attractive market for earning substantial nightly revenues​.
• A typical Airbnb host in New Haven can expect to generate around $12,400 annually, underscoring the profitability of the market.
• With over 900 listings, the market is competitive yet large enough to offer diverse investment opportunities​.
• The overall Airbnb market in New Haven shows positive trends in revenue and rental demand, promising continued growth and investment potential​.

Ideal Investor

The ideal investor for New Haven is someone who recognizes the city's dual appeal of academic and cultural tourism. They would excel in positioning their property to attract not just tourists but also visiting academics, students, and participants of various conferences and events held at Yale and other institutions.

Successful investors will tap into the city's dynamic atmosphere by offering well-located, comfortable, and amenity-rich accommodations that appeal to a diverse audience. Marketing strategies that highlight proximity to key attractions and ease of access to local hotspots will resonate well with potential guests.

For more profitable Airbnb markets in Connecticut, go to this article.

8. Wilmington, Delaware

Wilmington, Delaware, presents itself as a notable destination for investors looking to tap into the Airbnb rental market. The city boasts a rich history and vibrant cultural scene, which are big draws for tourists. Its diverse attractions range from historic sites and museums to waterfront activities and events, making it appealing for both short and long-term stays. Here’s a closer look at the financial insights and the type of investor best suited for this market.

Financial Insights:

• Wilmington shows a promising occupancy rate of about 54%, indicating a healthy demand for short-term rentals​.
• The average daily rate stands at approximately $161.2, which is affordable compared to more tourist-heavy areas, broadening its appeal to a wider range of guests​.
• Properties in Wilmington can expect an average annual revenue of around $10,400, which, while not the highest, reflects a steady income potential for property investors​.
• With over 500 active listings, the market is competitive but not saturated, providing a good balance for new entrants​.

Ideal Investor

The ideal investor for Wilmington is one who appreciates the cultural richness and historical depth of the city. This investor should be adept in marketing properties that highlight Wilmington’s unique attributes, such as its arts, history, and riverfront activities. Effective property management and a strategic approach to guest experiences will be key, as the investor leverages Wilmington’s year-round appeal to draw in both short-term tourists and longer-term visitors. The ability to adapt marketing strategies to highlight local events and seasonal attractions will also benefit the investor aiming to maximize occupancy rates and overall returns.

For more lucrative Airbnb investment market prospects, check out this article.

9. Kissimmee, Florida

Kissimmee, situated just minutes from Disney World and other major attractions, shines as a beacon for Airbnb investors looking for robust returns in the vacation rental market. Its proximity to top tourist spots ensures a steady influx of visitors, making it a hotspot for Airbnb investments. Here’s a closer look at what makes Kissimmee a top choice:

Financial Insights:

• Kissimmee boasts an impressive occupancy rate of 54%, indicating strong demand throughout the year, with June to July marking the peak rental season​.
• Investors can expect an average daily rate of around $326.8, which aligns with the city’s appeal as a premium vacation destination​.
• Properties in Kissimmee can generate significant revenue, with annual earnings from vacation rentals reaching about $33,200​.
• The average home value in Kissimmee is approximately $373,138, with investment properties like a 2-bedroom condo available around $281,500, offering a cash on cash return of 2.61% on Airbnb.

Ideal Investor Profile:

The ideal investor for Kissimmee is someone who is savvy about the tourism-driven real estate market and seeks to leverage the city’s year-round visitor traffic. This investor typically capitalizes on the area's strong rental demand by offering well-maintained properties that cater to families and tourists visiting the nearby theme parks. Strategic marketing, coupled with high-quality amenities and guest experiences, are crucial for maximizing occupancy rates and ensuring competitive returns.

For more top Airbnb investment markets in Florida, head to this article.

10. Savannah, Georgia

Nestled amidst the picturesque charm and historical allure of Georgia, Savannah stands out as a prime investment opportunity for those interested in the short-term rental market. Known for its rich history, stunning architecture, and vibrant arts scene, Savannah attracts a diverse array of tourists year-round.

Financial Insights

• Savannah boasts a solid occupancy rate of 57%, indicative of consistent demand throughout the year.
• At an average of $299, the daily rate in Savannah aligns with the city's premium offering and tourist attractions, generating substantial revenue opportunities for investors​.
• Properties in Savannah can see annual revenues upwards of $41,000, highlighting the lucrative nature of the market.
• The net yield on properties averages around 13.1%, making it a highly profitable endeavor compared to traditional rental or other investment forms​.
• With over 4,000 listings, the market is competitive yet still offers ample opportunities for new investors to carve a niche​.

Ideal Investor

The ideal investor for Savannah, GA, is someone who appreciates the blend of culture, history, and modern convenience that the city offers. They are savvy in choosing properties that resonate with the aesthetic and historic value of Savannah, enhancing the guest experience with local charm and high standards of hospitality.

Successful investors in Savannah capitalize on the city's busy festival calendar, architectural tours, and the general appeal of Southern hospitality. They are adept at utilizing digital platforms for marketing their properties and often engage in dynamic pricing strategies to maximize returns during peak and off-peak seasons.

Seeking more profitable markets in Georgia? Dive into this guide.

11. Waianae, Hawaii

Nestled on the western coast of Oahu, Waianae stands out as a noteworthy destination for investors aiming to capitalize on the Airbnb market in Hawaii. Known for its scenic small boat harbor and the serene Pokai Bay Beach, Waianae offers a unique blend of natural beauty and local charm, appealing to tourists seeking authentic Hawaiian experiences away from the more crowded tourist centers.

Financial Insights

• Airbnb properties in Waianae generate approximately $47,000 annually. This highlights Waianae’s rising appeal as a vacation spot.
• The occupancy rate stands at 68%, indicating growing visitor interest and consistent rental demand.
• At $357.3, the ADR in Waianae suggests that hosts can charge premium prices, likely due to the desirable location and quality of accommodations.
• RevPAR in Waianae is $242.6 pointing to efficient management and maximization of income from available rentals.

Ideal Investor

The ideal investor for Waianae is someone who appreciates the blend of modest urban development and rich natural landscapes. This investor would leverage the area's attractions, such as boat tours for dolphin watching and beautiful beaches for relaxing and swimming, to attract guests looking for a tranquil Hawaiian vacation away from the usual tourist spots.

Successful investors here would focus on highlighting the local culture and natural beauty in their listings to attract eco-tourists and adventure seekers. Additionally, they would benefit from a hands-on approach, possibly managing properties themselves or working closely with a property management company to ensure guests receive the personal touch that is often sought after in such intimate settings.

To explore the rest of Hawaii’s premier Airbnb hotspots, read this article.

12. Boise, Idaho

Boise, ID, serves as a burgeoning hotspot for investors aiming to capitalize on the profitable Airbnb market. This city, marked by its vibrant urban lifestyle and proximity to natural attractions like the Boise River Greenbelt and the foothills, offers a dynamic setting for short-term rentals. The city's blend of cultural richness and outdoor accessibility makes it an attractive destination for a broad spectrum of travelers, thereby promising a rewarding investment landscape.

Financial Insights

• Hosts in Boise can expect to generate considerable revenue, with a typical annual income of approximately $15.200.
• The city maintains a robust occupancy rate, averaging around 58%​, which reflects a steady demand for short-term lodging throughout the year.
• Boise’s ADR stands at about $168.3, offering a competitive pricing model that aligns with both the urban and natural offerings of the area​.
• The RevPAR in Boise is noted at $95.2, indicating the profitability of active rentals​.

Ideal Investor

The ideal investor for Boise, ID, is one who appreciates the dual appeal of city life and nature access. Such investors are likely to succeed by leveraging Boise's urban amenities alongside its outdoor activities to attract a diverse array of guests.

Effective strategies would include highlighting the proximity to key attractions like the Idaho State Capitol and various museums, as well as promoting the natural beauty accessible from the city. These investors benefit from Boise's steady market demand and can utilize the city's cultural and natural resources to enhance guest experiences and maximize rental income.

Looking for more top-performing markets in Idaho? Don't miss this article.

13. Chicago, Illinois

Nestled along the shores of Lake Michigan, Chicago offers a vibrant urban landscape for Airbnb investors. Known for its rich architecture, cultural diversity, and robust tourism sector, this bustling metropolis presents a fertile ground for those looking to tap into the short-term rental market. Dive into the financial insights that mark Chicago as a lucrative choice for Airbnb investments.

Financial Insights

• Airbnb properties in Chicago can expect to generate significant income, with top neighborhoods like River North projecting annual revenues of approximately $49,275​.
• Chicago enjoys a strong occupancy rate, averaging around 68% in neighborhoods like Lakeview, indicating a steady demand throughout the year​.
• The ADR in Chicago varies by neighborhood, with areas like River North seeing rates as high as $180, showcasing the city's potential for lucrative pricing strategies​.
• Calculating the RevPAR involves the ADR and occupancy rate, indicating the revenue generated per available room, which in top areas can be quite high given the robust ADR and occupancy metrics.

Ideal Investor

The ideal investor for Chicago is someone who understands the dynamic nature of an urban investment landscape. They are adept at leveraging Chicago’s diverse attractions and seasonal events to maximize occupancy rates and optimize pricing strategies. This investor prioritizes properties that offer unique amenities and modern comforts that appeal to both tourists and business travelers. Their investment approach is data-driven, focusing on high-demand neighborhoods and ensuring properties meet the high standards expected by guests seeking a memorable stay in the Windy City.

For more of Illinois’ best Airbnb investment markets, make sure to go to this article.

14. Indianapolis, Indiana

Nestled in the heartland of America, Indianapolis, IN stands out as a prime location for Airbnb investors looking to tap into a vibrant urban market. The city's rich array of cultural, sporting, and historical attractions, coupled with its friendly Midwestern vibe, make it an appealing destination for a diverse range of visitors year-round.

Financial Insights

• Airbnb properties in Indianapolis can expect to generate significant revenue. For example, in popular neighborhoods like Mass Ave Arts District, estimated annual revenues can reach up to $38,325.
• Various neighborhoods in Indianapolis enjoy robust occupancy rates, with the Mass Ave Arts District seeing rates as high as 70%​.
• The ADR for properties varies by neighborhood, with areas like Meridian-Kessler offering rates around $180.
• Revenue Per Available Room (RevPAR): This metric, calculated by multiplying the ADR by the occupancy rate, indicates the profitability of properties. Given the high ADR and occupancy rates in key districts, the RevPAR for Indianapolis properties is competitive, ensuring a good return on investment.

Ideal Investor

The ideal investor for Indianapolis, IN is someone who understands the urban market dynamics and recognizes the diverse appeal of the city—from its thriving sports scene to its bustling arts and cultural life. They would focus on properties that offer unique amenities and experiences that reflect the local culture, catering to the city's mix of business and leisure travelers. Investors here benefit from leveraging the city's consistent demand, driven by events and its status as a business hub, to maximize their rental yields.

This article highlights more winning markets in Indiana.

15. Sioux City, Iowa

Sioux City, Iowa, is carving out a niche in the Airbnb market, presenting unique opportunities for investors. The city's blend of historical sites, art, and culture, along with its community events, makes it an appealing destination for both short stays and longer visits.

Financial Insights

• Sioux City hosts can expect an average annual revenue of approximately $24,080, suggesting a steady stream of income for property owners.
• With an occupancy rate hovering around 66%, the city maintains a strong demand throughout the year, indicative of its growing popularity and the potential for consistent rental income.
• The ADR in Sioux City is about $99, reflecting a competitive pricing strategy that balances affordability with profitability​.
• The RevPAR stands at about $58.7, which combines the aspects of both occupancy and average daily rate to give a fuller picture of potential earnings from available rentals​.

Ideal Investor

The ideal investor for Sioux City would be someone who values a market with a stable demand and appreciates the city's cultural and historical significance. They would likely be adept at marketing properties that highlight Sioux City’s attractions, such as its music festivals and art exhibits. By focusing on creating a welcoming and engaging rental experience, they can capitalize on the city's established appeal to tourists and residents alike, ensuring their investment not only grows but also contributes positively to the local community.

For more of Iowa’s leading Airbnb investment destinations, check this article.

16. Lawrence, Kansas

Lawrence, Kansas, stands out as a prime Airbnb market, enriched by its status as a lively college town brimming with historical significance and a vibrant arts scene. Its proximity to the University of Kansas adds a steady influx of visitors, making it an appealing location for Airbnb investments.

Financial Insights

• Property owners in Lawrence can expect to generate around $19,600 annually, reflecting a robust potential for earnings in this market.
• The city maintains a healthy occupancy rate of about 53%, indicative of consistent demand throughout the year.
• With an average daily rate of $223, the pricing in Lawrence is competitive, balancing affordability with profitability.
• The RevPAR in Lawrence is approximately $103.20, showcasing the earning potential per available rental unit.

Ideal Investor

The ideal investor for Lawrence, Kansas, is someone who values the dynamic environment of a college town coupled with a rich cultural backdrop. This investor would thrive by tapping into the regular influx of visitors for university events and local festivals, leveraging the area's historical and cultural appeal.

Properties positioned to cater to both short-term visitors and those potentially seeking longer stays, such as visiting academics or families of students, would be particularly advantageous. An effective strategy would involve properties that highlight the unique characteristics of Lawrence, offering guests a memorable stay that captures the essence of this vibrant community.

Don't forget to read this article for more winning markets in Kansas.

17. Versailles, Kentucky

Versailles, Kentucky, presents a compelling opportunity for investors looking to enter or expand within the Airbnb market. This location combines scenic charm with robust financial metrics, making it an attractive option for potential investors. Here’s a breakdown of the key financial insights for Versailles, reflecting its potential as a profitable Airbnb destination:

Financial Insights:

• Properties in Versailles can expect to generate about $40,260 annually, showcasing a strong earning potential for investors​.
• The area maintains a healthy occupancy rate of approximately 55%, indicating consistent demand​.
• At $212, the ADR is favorable, suggesting that properties can command premium pricing.
• While specific RevPAR data wasn't directly cited, the combination of high occupancy and ADR typically leads to a robust RevPAR, reflecting efficient revenue generation per available unit.

Ideal Investor

The optimal investor for Versailles is one who values the blend of historical charm and modern amenities. This investor would likely focus on providing a unique guest experience that leverages local attractions such as the Kentucky Castle and the Bourbon Trail. The ability to cater to both short-term leisure tourists and visitors interested in local history and culture could maximize the rental appeal, ensuring higher occupancy and potentially, above-average returns.

Get insights into more successful markets in Kentucky in this article.

18. Lafayette, Louisiana

Lafayette, Louisiana, offers a compelling opportunity for Airbnb investors due to its vibrant culture, rich history, and the strong presence of local festivals and university events. The city's growing reputation as a destination for both leisure and business travelers makes it a noteworthy market for short-term rental investments.

Financial Insights

• Properties in Lafayette can expect an annual revenue of approximately $12,100, indicating a stable income potential for Airbnb hosts​.
• The occupancy rate stands at 45%, reflecting a steady demand for short-term rentals in the area​.
• The ADR for Lafayette is around $148.2, which aligns with the city's market conditions and visitor demographics.
• The RevPAR is about $67, which combines the effects of both occupancy and average daily rate, providing a snapshot of the potential profitability​.

Ideal Investor

The ideal investor for Lafayette is someone who is drawn to the cultural richness and community feel of the city. This investor would thrive by creating Airbnb experiences that highlight local traditions and attractions, catering to guests interested in authentic local experiences. Strategic investments in properties that leverage Lafayette’s diverse appeal, from its culinary scene to its music festivals, will likely yield satisfying returns for those who engage deeply with what makes Lafayette unique.

Learn about additional thriving markets in Louisiana in this guide.

19. Bar Harbor, Maine

Bar Harbor, Maine, stands out as an excellent market for Airbnb investments, given its popular status among tourists visiting Acadia National Park and its picturesque coastal setting. This destination not only appeals to nature lovers and outdoor enthusiasts but also offers a robust investment opportunity in the vacation rental market.

Financial Insights

• Properties in Bar Harbor can expect to generate significant income, with an average annual revenue of approximately $43,200.
• The area boasts a strong occupancy rate of about 76%, reflecting consistent demand throughout the year​.
• The average daily rate stands at around $417, indicating a high willingness to pay among visitors for quality accommodation.
• The RevPAR for Bar Harbor is approximately $314, which combines the effects of both occupancy and average daily rate to provide a snapshot of potential profitability​.

Ideal Investor

The ideal investor for Bar Harbor is someone who values a balance between natural beauty and tourist appeal. This investor would benefit from catering to the influx of visitors to Acadia National Park, offering them a comfortable stay that enhances their experience of Maine’s scenic charm. By focusing on creating an inviting, well-equipped rental property, the investor can capitalize on Bar Harbor’s busy tourist seasons and ensure a steady stream of revenue.

Explore additional thriving markets in Maine by reading this article.

20. Baltimore, Maryland

Baltimore, often referred to as "Charm City," presents a compelling opportunity for Airbnb investors due to its vibrant culture, historical significance, and relatively affordable real estate market. Its diverse attractions include renowned restaurants, shops, and an array of tourist-friendly activities, making it a desirable location for short-term rental properties.

Financial Insights

• Properties in Baltimore can expect to generate significant income with annual revenues varying by neighborhood. For instance, Fells Point, a popular area, has properties that can earn around $42,883 annually. Other notable neighborhoods like Riverside and Hollins Market have potential annual revenues of $29,425 and $19,441, respectively.
• The occupancy rates also differ across various parts of the city. Fells Point enjoys a relatively high occupancy rate of 71%, while Riverside and Hollins Market have rates of 59% and 60% respectively​.
• The ADR for Baltimore properties reflects the diverse accommodation options available, with Fells Point averaging $149 per night, Riverside at $107, and Hollins Market at $66.
• The RevPAR across Baltimore averages at $70.9, indicating a healthy profit margin for invested properties​.

Ideal Investor

The ideal investor for Baltimore's Airbnb market is one who values the blend of urban living with rich cultural heritage. An investor in this market would benefit from the city's strategic location, rich history, and vibrant nightlife. They should focus on enhancing the guest experience by leveraging Baltimore’s unique characteristics, such as its famous harbor, culinary scene, and sports venues. Successful investors will typically choose properties that can offer something special, like historical charm or proximity to major attractions, to attract a steady flow of guests.

Get started with this article to explore additional winning markets in Maryland.

21. Boston, Massachusetts

Boston, Massachusetts, offers a dynamic market for Airbnb investors, bolstered by its rich historical heritage and robust tourist attractions. The city's appeal to travelers is complemented by strong educational institutions and numerous cultural events, making it a consistently popular destination for short-term rentals. Here's a breakdown of the financial insights that highlight why Boston is a promising investment landscape.

Financial Insights

• Annual Revenue: Airbnb properties in Boston have shown promising returns, with annual revenues averaging around $32,400 for typical hosts.
• Occupancy Rate: The city maintains a healthy occupancy rate of approximately 60%, indicating steady demand throughout the year​.
• Average Daily Rate (ADR): The average daily rate for Airbnb listings in Boston stands at $349, which is competitive and reflects the city's lucrative market for short-term rentals.
• Revenue per Available Rental (RevPAR): RevPAR is a crucial metric in gauging performance, with Boston properties achieving an average of $199.4, showcasing the profitability of investing in the area.

Ideal Investor

The ideal investor for Boston's Airbnb market is someone who understands the city's blend of historical allure and modern convenience. Such investors leverage Boston’s academic and cultural clout to attract a diverse range of short-term tenants. With a strategy that focuses on properties in high-demand neighborhoods, the investor maximizes occupancy and revenue. This approach not only enhances returns but also capitalizes on Boston’s status as a perennial favorite for tourists and business travelers alike.

For a closer look at more prosperous markets in Massachusetts, check out this article.

22. Lansing, Michigan

Lansing, Michigan, stands out as a promising destination for Airbnb investors. The city's rich cultural attractions and affordable property market make it an appealing option for those looking to enter the short-term rental space. Let's delve into the financial insights that highlight Lansing as a viable investment choice.

Financial Insights

• Properties in Lansing can expect an average annual Airbnb revenue of approximately $19,884, suggesting a steady income stream for investors​.
• The city maintains a healthy Airbnb occupancy rate of about 64%, indicating consistent demand​.
• With an average daily rate of $86, Lansing offers a balance between affordability for guests and profitability for hosts.
• The RevPAR stands at around $54, reflecting the potential earnings per available rental.

Ideal Investor

The ideal investor for Lansing, MI, is someone who appreciates the blend of urban and natural attractions that the city offers. This investor would likely focus on leveraging Lansing's stable market conditions, where the blend of a strong educational sector and government presence contributes to year-round rental demand. With an understanding of the local market, such an investor can optimize property performance by aligning their offerings with the needs and preferences of Lansing’s diverse visitors, ranging from business travelers to tourists.

Find out about more thriving markets in Michigan by reading this article.

23. Rochester, Minnesota

Rochester, Minnesota stands out as a strategic location for Airbnb investments, particularly appealing due to its stable healthcare-driven economy and consistent demand for short-term rentals. Home to the Mayo Clinic, Rochester attracts a steady stream of visitors, including medical professionals and patients, making it a lucrative market for Airbnb hosts. The city's robust infrastructure and family-friendly amenities also enhance its appeal to a broader audience, including tourists and business travelers. Let's delve into the financial insights of this thriving market.

Financial Insights

• Airbnb hosts in Rochester can expect an average annual revenue of approximately $11,500. This figure reflects the city's steady demand throughout the year.
• The occupancy rate in Rochester is commendably high at 77%, indicative of the continuous demand for short-term rentals, driven largely by the healthcare sector and general tourism.
• The average daily rate for Airbnb rentals in Rochester is around $137.6, offering a competitive pricing point that balances profitability with attractiveness to guests.
• The RevPAR for Rochester stands at about $85, demonstrating the effective utilization of rental properties in generating revenue​.

Ideal Investor

The ideal investor for Rochester, MN, would be someone who recognizes the unique advantages of the city’s healthcare-driven demand. This investor would ideally provide accommodations that cater to medical professionals, patients, and their families, possibly offering amenities like flexible booking policies or environments that support rest and recovery. Additionally, tapping into the general tourism and business traveler market can diversify their rental appeal, maximizing the occupancy and profitability of their investment properties in Rochester.

Discover more successful markets in Minnesota within this article.

24. Gulfport, Mississippi

Gulfport, Mississippi emerges as a highly attractive Airbnb market for astute investors looking to capitalize on short-term rental opportunities. As the state's second-largest city, it boasts scenic coastal views, diverse attractions, and a vibrant local culture that draws tourists throughout the year. This blend of natural beauty and tourist appeal makes Gulfport a promising location for Airbnb investments.

Financial Insights

• Properties in Gulfport can expect an average annual revenue of about $19,500, reflecting a stable market with growth potential​.
• The occupancy rate in Gulfport stands at 45%, indicating a moderately high demand for rentals throughout the year.
• The average daily rate for rentals in Gulfport is approximately $247.1, suggesting that hosts can charge premium rates given the desirable location.
• RevPAR in Gulfport is approximately $110.2, underscoring the profitability of actively managed listings​.

Ideal Investor

The ideal investor for Gulfport is someone who understands the dynamic nature of the coastal rental market and can cater to the desires of vacationers looking for unique and memorable experiences. This investor would benefit from focusing on guest satisfaction and local partnerships to enhance the attractiveness of their properties. They should be adept at leveraging Gulfport’s coastal charm, cultural events, and culinary scene to create compelling listings that stand out in the competitive market.

Dive into this article for information on additional winning markets in Mississippi.

25. Saint Louis, Missouri

Saint Louis, Missouri, is a compelling choice for investors considering the Airbnb rental market. This city offers a unique blend of historical allure, vibrant cultural scenes, and a strong tourist infrastructure, making it an appealing destination for visitors. The presence of landmarks like the Gateway Arch, along with museums, parks, and a dynamic culinary scene, elevates its attractiveness as a tourist hotspot. Here’s an in-depth look at the financial metrics that highlight its potential:

Financial Insights

• Annual Revenue: The average annual revenue for Airbnb rentals in Saint Louis varies widely, with figures like $14,200 for a broader selection of rentals​. This variability underscores the importance of location within the city.
• Occupancy Rate: Saint Louis shows a healthy demand with an average occupancy rate around 50%. Some neighborhoods like Central West End enjoy even higher rates, reflecting their popularity among tourists and short-term renters​.
• Average Daily Rate (ADR): The ADR in Saint Louis is competitive, averaging around $166​, with specific areas like the Central West End averaging around $91. This indicates a robust pricing flexibility depending on the property and location.
• Revenue per Available Rental (RevPAR): RevPAR is a crucial metric for assessing the earning potential from available rentals, with Saint Louis showing an average of $78. This figure helps investors gauge the potential return on investment from their properties.

Ideal Investor

The ideal investor for Saint Louis is one who appreciates the city's rich history and cultural vibrancy. Investing in properties near major attractions or in bustling neighborhoods could yield high returns due to consistent tourist and business traveler influx. The investor should focus on offering unique accommodations that enhance the guest experience, leveraging Saint Louis's cultural heritage and modern amenities. Collaborations with local businesses and attractions could also enhance the appeal, making the properties more attractive to visitors.

Saint Louis offers a promising landscape for Airbnb investments, with diverse neighborhoods providing varying levels of opportunity based on their unique characteristics and appeal to different visitor demographics.

Looking for more lucrative markets in Missouri? Explore this article.

26. Helena, Montana

Helena, Montana, emerges as a standout market for discerning Airbnb investors, offering a blend of historic charm and natural beauty. This capital city, encircled by the Helena National Forest and iconic Mount Helena, invites tourists to discover its rich history and engage in diverse outdoor activities, enhancing its appeal as a year-round destination.

Financial Insights

• Helena presents a solid opportunity for Airbnb hosts, with properties generating an average annual revenue of approximately $27,464. This figure underscores the profitability of investing in the local short-term rental market​.
• The city maintains a healthy occupancy rate of about 62%, indicating consistent demand throughout the year. This level of occupancy supports a stable rental income for property owners.
• At an average rate of $114 per day, Helena's pricing aligns with its market positioning, offering affordability that attracts a broad spectrum of visitors.
• The RevPAR for Helena stands at approximately $106.3, reflecting the average revenue a property earns per available room, further highlighting the city's investment potential​.

Ideal Investor

The ideal investor for Helena is someone who appreciates the blend of culture, history, and nature that the city offers. This investor would thrive by tapping into Helena's consistent visitor flow, driven by its scenic trails, historical sites, and proximity to national parks.

By focusing on creating unique guest experiences that highlight the local culture and natural surroundings, and effectively managing property listings to maximize visibility and appeal, an investor can successfully capitalize on Helena's thriving Airbnb market.

This article provides insights into more top-performing markets in Montana.

27. York, Nebraska

York, Nebraska, stands out as a lucrative choice for discerning Airbnb investors. This small town in the heart of Nebraska offers a stable and profitable environment for short-term rentals, benefiting from its strategic location and appealing small-town charm. York’s attractiveness for Airbnb investments is supported by strong financial metrics and a high level of investor interest.

Financial Insights

• Airbnb hosts in York can expect an average annual revenue of approximately $22,308, suggesting a healthy earning potential from property rentals​.
• The median occupancy rate for properties in York stands at 82%, indicative of consistent demand throughout the year​.
• The average daily rate for a listing in York is about $70, balancing affordability with profitability.
• Considering the high occupancy and daily rates, York's RevPAR is robust, making it an appealing market for investment.

Ideal Investor

The ideal investor for York, NE, is one who appreciates the blend of small-town appeal with the profitable opportunities presented by the local Airbnb market. This investor would focus on properties that leverage York's high occupancy rates and stable revenue, possibly aiming for properties that cater to both short-term leisure visitors and those in town for local events or business. Strategic pricing and high-quality guest experiences would be key to maximizing returns in this inviting market.

Get the scoop on more profitable markets in Nebraska by reading this article.

28. Henderson, Nevada

Henderson, Nevada stands out as a key market for investors looking into Airbnb properties. Located conveniently near Las Vegas, this city not only taps into the vast tourism appeal of its famous neighbor but also offers its own unique attractions and amenities. The balanced blend of suburban comfort and proximity to urban entertainment makes Henderson an attractive locale for both short-term renters and long-term residential appeal.

Financial Insights

• Properties in Henderson can expect to generate substantial income with an average annual revenue of approximately $44,320​.
• The city maintains a healthy occupancy rate of about 64%, indicating consistent demand throughout the year.
• The ADR for Henderson stands at around $180, which is competitive within the region and reflective of its premium offerings​.
• The RevPAR is approximately $154.8, demonstrating the profitability per available rental unit.

Ideal Investor

The ideal investor for Henderson is someone who recognizes the dual benefits of its location: the tranquility of a less hectic community with the added advantage of nearby Las Vegas attractions. Such an investor would likely focus on properties that can appeal to both leisure and business travelers, enhancing their portfolio with homes that offer convenience to both the natural beauty of the surrounding Nevada landscape and the bustling nightlife of Las Vegas. Compliance with local regulations and a strategic approach to marketing their properties will be crucial for success.

Don't forget to check out this article for additional thriving markets in Nevada.

29. Manchester, New Hampshire

Manchester, New Hampshire, emerges as a vibrant choice for those looking to capitalize in the Airbnb market. Known for its dynamic blend of urban amenities and proximity to natural retreats, Manchester attracts both short-term leisure visitors and long-term stays. Its growing popularity is supported by an assortment of attractions ranging from museums and historical sites to scenic parks and entertainment venues, making it an appealing year-round destination.

Financial Insights

• Airbnb hosts in Manchester can expect a lucrative outcome with an average annual revenue ranging significantly depending on the property type and precise location. Properties near major attractions or downtown areas tend to fetch higher revenues.
• The city exhibits a robust occupancy rate at 58% that reflects its appeal as a continuous destination for travelers and professionals.
• The ADR in Manchester, at $138.5 shows competitive pricing, which can fluctuate based on seasonality and events in the city.
• The RevPAR for Manchester remains promising, pointing towards efficient utilization of rental properties and effective pricing strategies.

Ideal Investor

The ideal investor for Manchester is one who appreciates the city's dual appeal for both tourism and business stays. By focusing on properties that offer convenience to Manchester’s top sites like the SNHU Arena, the Mall of New Hampshire, and the Manchester-Boston Regional Airport, investors can cater to a diverse range of guests.

The key to success here involves providing well-maintained properties that highlight the comforts of modern living with a touch of local charm. Successful investors will monitor market trends closely to adapt to seasonal visitor flows and optimize their rental strategies accordingly.

Want to know about more prosperous markets in New Hampshire? Start with this article.

30. Vernon, New Jersey

Vernon, New Jersey stands out as an attractive location for Airbnb investors, particularly those interested in capitalizing on the town's appeal to outdoor enthusiasts. Nestled in the scenic landscapes of Sussex County, Vernon attracts visitors with its access to ski resorts and a variety of year-round outdoor activities. This makes it a prime destination for families and adventure-seekers alike.

Financial Insights

• Airbnb properties in Vernon can expect to generate an average annual revenue of about $22,300​.
• The average occupancy rate for Airbnb listings in Vernon is around 37%, showing room for growth and optimization of rental strategies.
• The ADR for Airbnb rentals in Vernon stands at approximately $301.7, indicating a higher-end market for short-term rentals.
• The RevPAR for these properties averages at $104.7, which is a useful metric for investors to gauge the earning potential relative to the available inventory​.

Ideal Investor

The ideal investor for Vernon is one who understands the dual appeal of the town's natural attractions and its proximity to urban centers like New York City. By focusing on properties that cater to both adventure seekers and those looking for a peaceful retreat from the city, investors can optimize their listings to attract a diverse range of guests.

A successful investor in Vernon will leverage the town’s outdoor activities, such as skiing and hiking, tailoring their property offerings to meet the needs of these active travelers while ensuring their rental stays are comfortable and well-equipped.

For insights into more successful markets in New Jersey, read this article.

31. Santa Fe, New Mexico

Santa Fe, New Mexico, is a captivating destination for Airbnb investors, renowned for its unique blend of cultural heritage and scenic beauty. As a top tourist location, it offers a strong year-round demand for vacation rentals. Here’s an in-depth look at the financial insights that position Santa Fe as an enticing Airbnb investment locale.

Financial Insights

• Airbnb properties in Santa Fe can expect an average annual revenue of approximately $38,200. This figure has seen a positive growth trend over the past year, indicating a robust rental market​.
• The city boasts a healthy occupancy rate of about 61%, reflecting a steady demand for short-term rentals throughout the year​.
• At $308, the ADR for Santa Fe is indicative of the premium visitors are willing to pay for accommodations in this culturally rich city.
• The RevPAR stands at $178.9, showcasing the profitability of actively rented properties in the area.

Ideal Investor

The ideal investor for Santa Fe is someone who appreciates the cultural and historical significance of the location and can cater to the upscale market that frequents the area. By offering properties that reflect the local aesthetic and provide high-quality accommodations, investors can tap into the city's vibrant tourism scene. Proactive management and marketing tailored to highlight unique property features and local attractions can further enhance guest experience and optimize rental income.

Don't miss this article if you're looking for more top-performing markets in New Mexico.

32. Alexandria Bay, New York

Alexandria Bay, nestled in the picturesque Thousand Islands region of New York, offers a unique investment opportunity for Airbnb investors. This charming locale attracts outdoor enthusiasts, boaters, and history buffs, thanks to its scenic landscapes and proximity to landmarks like Boldt Castle and Singer Castle. It's a burgeoning market for profitable Airbnb investments, poised for growth thanks to its appealing mix of natural beauty and tourist attractions.

Financial Insights

• Vacation rentals in Alexandria Bay can expect robust earnings, with annual revenues reaching notable figures due to the area's popularity among tourists.
• The region maintains a healthy occupancy rate at 50%, demonstrating consistent demand, especially during peak tourist seasons.
• Properties command an appealing daily rate at $398.4, reflecting the area's allure to visitors seeking both short stays and extended vacations.

Ideal Investor

The ideal investor for Alexandria Bay is one who understands the unique appeal of a destination that combines historical interest with outdoor activities. Such an investor would likely focus on properties that offer direct access to waterfronts or proximity to major attractions like the local castles.

By enhancing the stay experience with high-quality amenities and perhaps offering tailored experiences like historical tours or outdoor adventure packages, an investor can maximize the area's high ADR and ensure guest satisfaction. This approach not only elevates the guest experience but also aligns with Alexandria Bay’s reputation as a premier destination in New York.

Seeking more profitable markets in New York? Explore this article.

33. Charlotte, North Carolina

Charlotte, known for its robust economy and vibrant city life, is increasingly recognized as a lucrative market for Airbnb investors. The city offers a dynamic mix of cultural attractions, green spaces, and significant economic growth thanks to key industries such as finance, tech, and healthcare, which ensures a steady stream of both leisure and business travelers.

Financial Insights

• Airbnb properties in Charlotte can see significant returns, with average annual revenues varying by neighborhood. For instance, properties in uptown areas like Ashley Park and Barclay Downs can generate annual revenues of approximately $51,403 and $55,665 respectively​.
• The city's average occupancy rate stands at about 47%, indicating a moderate to high level of rental demand throughout the year.
• The ADR for Charlotte is around $198, reflecting the city's potential for profitable rental pricing.
• RevPAR figures are quite telling of the earning potential, averaging around $92.2, which highlights the efficiency of investment in terms of generating income per available unit.

Ideal Investor

The ideal investor for Charlotte is someone who appreciates the city's mix of modern urban lifestyle and Southern charm and leverages this in their rental properties. Such investors are adept at marketing their properties to reflect the unique character of their neighborhood, whether it’s the artsy vibe of NoDa or the historic allure of Dilworth.

Moreover, with the knowledge of peak seasons and strategic pricing, they maximize their returns by adjusting rates and improving property availability during high-demand periods.

Dive into this article for information on more successful markets in North Carolina.

34. Fargo, North Dakota

Fargo, North Dakota emerges as a notable choice for investors looking to enter the Airbnb market. Known for its cultural richness and event-driven tourist draws, such as local festivals and college sports, Fargo offers a dynamic environment for short-term rentals. Here's a detailed look at the current financial metrics which highlight the city's potential for Airbnb investments.

Financial Insights

• Listings in Fargo typically see an annual revenue of approximately $18,371, indicating a steady demand for short-term rentals.
• The city enjoys a robust occupancy rate of 72%, reflecting consistent visitor interest throughout the year.
• The average daily rate stands at $108, providing a competitive price point that attracts a broad range of guests​.
• Fargo's RevPAR is around $76.5, showcasing the profitability of active listings​.
• A growing number of listings, with current figures at 360 active rentals, suggesting a healthy expansion of the market​.

Ideal Investor

The ideal investor for Fargo, ND, leverages the city’s vibrant culture and frequent events to offer uniquely appealing accommodations. This investor excels in marketing their properties to highlight local attractions and events, enhancing guest experiences. They focus on maintaining high-quality, well-furnished rentals that promise comfort and convenience, aligning with Fargo’s hospitable and inviting atmosphere.

Strategic pricing and thoughtful guest communications are key strategies they use to maximize occupancy and guest satisfaction.

Check out this article for insights into additional winning markets in North Dakota.

35. Columbus, Ohio

Columbus, Ohio stands out as an attractive destination for Airbnb investors due to its vibrant cultural scene, diverse economy, and growing demand for short-term rentals. As the state capital and one of its largest cities, Columbus offers a variety of attractions that cater to both leisure and business travelers.

Financial Insights

• Properties in Columbus can expect to earn an average of $16.9K annually, with a notable growth in revenue over the past year suggesting a steady market.
• The average occupancy rate stands at 50%, reflecting a moderate but consistent demand for short-term rentals throughout the year.
• At an average of $200.1 per night, Columbus maintains a competitive rate, allowing investors to maximize returns per booking.
• The RevPAR for Columbus is calculated at $92.4, indicating efficient revenue generation relative to the available rental inventory​.

Ideal Investor Profile

The ideal investor for Columbus, Ohio is someone who appreciates the blend of urban convenience and cultural richness that the city offers. This investor would strategically utilize Columbus's robust event calendar, which includes festivals, sports, and conventions, to attract a wide range of guests.

Whether targeting business professionals in need of short-term accommodations close to the city center, or tourists looking for a culturally rich experience, Columbus offers diverse opportunities to meet the needs of various guest profiles. Effective marketing and a keen eye on guest preferences will be key to maximizing occupancy and revenue in this dynamic market.

Find out about more lucrative markets in Ohio through this article.

36. Oklahoma City, Oklahoma

Oklahoma City, Oklahoma, is fast becoming a prime location for Airbnb investment. The city's rich cultural heritage, bustling music scene, and diverse annual events create a continuous demand for unique short-term rental accommodations. Let's explore the financial metrics and strategic insights that underscore Oklahoma City's appeal to property investors.

Financial Insights

Oklahoma City's Airbnb market is characterized by:

• An Average Occupancy Rate of 50%, reflecting a stable demand throughout the year​.
• The Average Daily Rate (ADR) stands at approximately $140.6, indicative of the city's ability to attract a mid to high-level spending demographic​.
• Annual Revenue averages around $12,149, which points to a solid income potential for property owners.
• The Revenue per Available Rental (RevPAR) is about $68.5, showing effective revenue management per available unit​.

Ideal Investor

The ideal investor for Oklahoma City, OK, is one who appreciates the dynamic urban environment and its year-round tourist appeal. This investor is adept at leveraging the city's cultural and event-driven attractions to maintain high occupancy rates. They are strategic in property placement, focusing on areas with high tourist traffic and business activities.

Effective property management, combined with an understanding of peak tourism seasons and local events, will enable this investor to optimize rental income and ensure a successful Airbnb venture in Oklahoma City.

Discover more top-performing markets in Oklahoma by reading this article.

37. Lincoln City, Oregon

Lincoln City, Oregon, is a promising location for investors aiming to capitalize on the short-term rental market. Known for its scenic views and tourist attractions such as the Chinook Winds Casino and Devil's Lake State Recreation Area, Lincoln City combines natural beauty with vibrant tourist activity, making it an attractive Airbnb destination.

Financial Insights

• Airbnb properties in Lincoln City can generate impressive annual revenues. In 2023, the typical host income was about $34,331. Another source suggests a higher potential with some properties reaching up to $41,100 annually​.
• The city has a healthy occupancy rate of around 61%, indicating consistent demand throughout the year.
• The ADR in Lincoln City stands at about $280, which reflects the area's appeal to tourists and the quality of accommodations provided​.
• RevPAR figures are also robust, recorded at $172.1, highlighting the profitability of actively managed listings.
• Net yield of around 7.5% suggests that the market is both active and profitable, providing opportunities for growth and investment​.

Ideal Investor

The ideal investor for Lincoln City is someone who recognizes the dual appeal of natural attractions and city amenities. They would excel in marketing properties that cater to both relaxation seekers and adventure enthusiasts. With a strategic approach to pricing and guest experience, an investor can successfully attract a wide range of visitors, from casino goers to nature lovers. Knowledge in seasonal trends and local events can further maximize occupancy and overall returns.

Want to explore more prosperous markets in Oregon? Start with this article.

38. State College, Pennsylvania

State College, Pennsylvania, presents a thriving opportunity for Airbnb investors, combining its role as a bustling college town with a steady influx of visitors for academic, sports, and cultural events. Located centrally within Pennsylvania, it's not only a hub for Penn State University-related activities but also appeals to tourists exploring the central region of the state. This area offers a dynamic market with strong revenue potential for short-term rental properties.

Financial Insights

• Properties in State College generate significant income, with annual revenues averaging around $33,300.
• The area enjoys a robust occupancy rate of about 53%, reflecting consistent demand throughout the year.
• The ADR for State College stands impressively at $723, which is quite high, underscoring the area’s ability to attract premium pricing, particularly during peak university events and football weekends​.
• The RevPAR for the area is $385.1, which has seen an upward tick from the previous year, illustrating effective yield management by property owners​.

Ideal Investor

The ideal investor for State College is one who understands the unique dynamics of a college town, with seasonal peaks tied to the academic calendar and sports schedules. They should be adept at marketing their listings to both visiting families and alumni, particularly during graduation weekends and football games.

An investor here benefits from a deep understanding of event-driven demand spikes and possesses the agility to adjust pricing and availability to maximize returns. Leveraging local events and Penn State attractions will be key to maintaining high occupancy and achieving optimal rental income.

Ready to learn about more winning markets in Pennsylvania? Begin with this article.

39. Providence, Rhode Island

Providence, Rhode Island, emerges as a compelling destination for Airbnb investors, highlighting its dynamic cultural landscape, historical richness, and educational hubs like Brown University. Its strategic position as a state capital enhances its appeal, drawing a consistent flow of tourists, students, and business travelers. The financial metrics underscore Providence's viability for investment in the Airbnb market.

Financial Insights

• Providence properties can generate substantial income, with an average annual revenue of approximately $18,800.
• The city enjoys a robust occupancy rate of around 55%, reflecting strong demand.
• At an average rate of $202 per day, Providence offers competitive pricing that attracts a wide range of guests.
• The RevPAR stands at about $101, indicating profitable asset utilization.
• Additional insights reveal a well-rounded market with growth in total listings and revenue, supporting an optimistic outlook for new entrants.

Ideal Investor

The ideal investor for Providence is someone who appreciates the blend of historical charm and modern amenities that the city offers. They are adept at leveraging Providence's status as an educational and cultural hub to attract a diverse clientele ranging from students to tourists. Such investors excel in creating unique guest experiences that highlight local attractions and conveniences, ensuring their properties remain competitive and in demand in the bustling Providence market.

For a comprehensive view of more top-performing markets in Rhode Island, start here.

40. Charleston, South Carolina

Charleston, South Carolina, stands out as an exceptional destination for discerning Airbnb investors. Renowned for its rich history, captivating architecture, and vibrant cultural scene, Charleston attracts a diverse array of tourists. With a strategic blend of historical charm and modern amenities, Charleston offers a unique appeal in the vacation rental market. Here’s a closer look at the financial insights that underscore why Charleston is a wise choice for Airbnb investments.

Financial Insights

• Properties in Charleston can expect an average annual revenue of around $53,600, indicating a lucrative market for Airbnb investments.
• The occupancy rate in Charleston hovers around 61%, reflecting a steady demand throughout the year.
• At approximately $374.50, the ADR in Charleston suggests that investors can command premium pricing due to the desirable location and offerings.
• Charleston achieves a RevPAR of about $231.40, which is a strong performance metric that underscores the profitability of the market.

Ideal Investor

The ideal investor for Charleston, SC, would be one who appreciates the historical significance and cultural richness of the area. They should be adept at marketing properties that resonate with the sophisticated tastes of visitors drawn to Charleston’s charm.

This investor likely excels in creating appealing Airbnb listings that highlight local architecture and nearby attractions, ensuring compliance with any local regulations. With a focus on providing high-quality guest experiences, they can maximize the substantial revenue potential of their investment.

Gain insights into more prosperous markets in South Carolina by reading this article.

41. Sioux Falls, South Dakota

Sioux Falls, South Dakota, is emerging as a strategic choice for savvy Airbnb investors. This city is not only the largest in South Dakota but also offers a diverse range of attractions and amenities that draw tourists. Whether it's the stunning Falls Park, the historic downtown area, or the city's bustling events, Sioux Falls provides a dynamic environment for short-term rental investments.

Financial Insights

• The typical Airbnb listing in Sioux Falls can expect to generate significant revenue. In 2023, the annual revenue for a typical host was approximately $20,204.
• Sioux Falls boasts a robust occupancy rate, averaging about 54%, indicating a steady demand for short-term rentals throughout the year.
• Hosts in Sioux Falls can anticipate an average daily rate of around $161.30, which is competitive and allows for profitable pricing strategies.
• The RevPAR for Sioux Falls stands at about $84.4, reflecting the potential earnings per available rental unit.
• The market in Sioux Falls is also characterized by a substantial number of listings, with 717 active listings noted, showing a vibrant and competitive market environment.

Ideal Investor

The ideal investor for Sioux Falls, SD, is one who understands the local market dynamics and can leverage the city's diverse tourist appeal. They would benefit from focusing on creating appealing listings that highlight local attractions and amenities. The investor should also be adept at managing seasonal fluctuations and pricing strategies to maximize occupancy and revenue. This investor would find Sioux Falls an appealing market due to its stable demand, good return on investment, and growing tourist interest.

Dive into this article for a detailed exploration of additional winning markets in South Dakota.

42. Nashville, Tennessee

Nashville, Tennessee, is a standout city for Airbnb investors, revered for its dynamic blend of music, culture, and burgeoning tourism. The city's robust appeal makes it a top contender for those looking to invest in the vacation rental market.

Financial Insights

• Nashville Airbnbs average annual revenue stands at approximately $41,942, reflecting a lucrative market for property owners.
• The city maintains a healthy occupancy rate of around 60%, indicating consistent rental demand throughout the year​.
• The ADR for Nashville is about $356.8, which aligns with the city's premium tourism offerings and high-quality accommodations.
• RevPAR in Nashville is estimated at $184.2, suggesting that properties are not only frequently booked but also command higher rental prices​.

Ideal Investor

The ideal investor for Nashville's Airbnb market is someone who appreciates the city's rich musical and cultural backdrop and leverages it to attract tourists. They should be adept at utilizing Nashville's vibrant atmosphere to enhance guest experiences, from themed decor reflecting the spirit of Music City to personalized local guides. Effective pricing strategies and high-quality guest services are key to capitalizing on the city's year-round tourist appeal, ensuring both optimal occupancy rates and repeat visits.

Unearth more lucrative markets in Tennessee within the pages of this article.

43. Austin, Texas

Austin, Texas, stands as a premier location for investors looking to capitalize on the Airbnb market. The city's rich cultural scene, robust music and food landscape, and the presence of significant events and festivals make it a magnet for tourists and short-term renters alike. Here's an in-depth look at the financial metrics that underscore Austin's potential as a top Airbnb destination.

Financial Insights:

• Airbnb properties in Austin have shown a promising revenue stream, with an average annual revenue of approximately $24,900, reflecting a 3% increase over the past year. This suggests a stable and growing interest in Austin as a travel destination​.
• The occupancy rate for Airbnb listings in Austin stands at 52%, indicating a moderately high utilization of available properties.
• The ADR for Airbnb listings in Austin is around $303.3. This rate is competitive, reflecting Austin's appeal as a high-value destination for travelers​.
• The RevPAR in Austin is $147.2, which underscores the profitability of operating an Airbnb in the city, factoring in both the occupancy rate and ADR.

Ideal Investor

The ideal investor for Austin, TX, is one who appreciates the dynamic blend of urban life and cultural richness that the city offers. They should have a strategic approach to leveraging Austin's year-round festivals, tech events, and its status as a music capital to attract a diverse array of guests. Savvy investors will focus on properties that offer unique amenities and experiences that resonate with Austin's vibrant atmosphere, optimizing their listings to match the city's peak tourist seasons and ensuring their investments align with local regulatory frameworks for maximum profitability.

Looking to expand your knowledge of successful markets in Texas? Read this article.

44. Orderville, Utah

Orderville, Utah, offers a compelling opportunity for Airbnb investors due to its strategic location near popular national parks and its burgeoning short-term rental market. If you're looking to invest in a place that caters to outdoor enthusiasts and tourists visiting Zion National Park, Orderville might just be the spot. Here's a breakdown of the financial prospects and why this location could be a wise choice for your investment portfolio.

Financial Insights:

• Properties in Orderville generate impressive annual revenues, with averages around $50,000, showcasing a robust market for short-term rentals​.
• The average occupancy rate stands at 49%, indicating a steady demand throughout the year. This rate reflects the seasonal nature of tourism in the area but suggests room for growth and optimization of rental strategies​.
• At an average of $352.1, the daily rate for rentals in Orderville is quite high, attributed to the premium tourists are willing to pay for proximity to natural attractions.
• The RevPAR for Orderville is $170.4, which is competitive, considering the seasonal flux of the tourism industry.
• The market is dominated by properties offering a full range of amenities, which is crucial for attracting tourists looking for comfort after adventurous days out​.

Ideal Investor

The ideal investor for Orderville is someone who is not only financially savvy but also appreciates the intrinsic value of nature and conservation. They would ideally be committed to providing high-quality accommodation that enhances tourists' experiences while exploring Utah's rugged landscapes.

Successful investors in this market will likely focus on creating memorable stays that encourage repeat visits and stellar reviews, leveraging Orderville's scenic backdrop as a unique selling point.

Discover additional top-performing markets in Utah by checking out this article.

45. Burlington, Vermont

Burlington, Vermont, is an excellent choice for Airbnb investors due to its appealing blend of cultural attractions and scenic beauty. Positioned on the shores of Lake Champlain, Burlington offers a vibrant city life coupled with easy access to natural landscapes, making it a popular destination year-round.

Financial Insights

• Burlington Airbnb hosts can anticipate an annual revenue of approximately $27,600, supported by a strong market presence​.
• The city enjoys a healthy occupancy rate of about 62%, indicating consistent visitor interest and a robust rental market​.
• Hosts in Burlington can charge an average daily rate of $300.7, providing a competitive earning potential compared to other markets​.
• RevPAR in Burlington stands at $182.5, reflecting the effective management and pricing strategies by hosts.

Ideal Investor

The ideal investor for Burlington, VT, is someone who appreciates a balance of urban and natural attractions and understands the dynamics of a seasonal tourist market. This investor would leverage Burlington’s high occupancy rates and stable annual revenue to build a profitable rental business. They would be adept at capitalizing on peak tourist seasons while maintaining attractive and competitive listings throughout the year.

Don't overlook this article's coverage of more winning markets in Vermont.

46. Richmond, Virginia

Nestled along the James River, Richmond, Virginia, stands as a compelling choice for Airbnb investors, blending rich history with modern amenities. This city attracts a wide range of visitors, from history buffs and art lovers to outdoor enthusiasts, making it a vibrant market for short-term rentals.

Financial Insights

Richmond's Airbnb market is characterized by robust financial metrics that promise attractive returns:

• A typical Airbnb in Richmond can generate an average annual revenue of approximately $15,700.
• The city enjoys a healthy occupancy rate, averaging around 55% annually, which reflects consistent demand.
• The ADR for Airbnbs in Richmond stands at about $170, indicating a strong potential for daily earnings​.
• This metric, which combines occupancy and ADR, shows promising figures, further affirming the financial viability of investing in Richmond's Airbnb market.
• With an estimated 1,960 active listings and a variety of property types catering to different traveler preferences.

Ideal Investor

The ideal investor for Richmond is one who values diversity in both property offerings and guest experiences. Successful investors here are likely those who can tap into the city’s historical charm and cultural richness to create unique, appealing Airbnb listings. With strategic property management and marketing, investors can capitalize on Richmond’s high occupancy rates and strong average daily rates, especially during peak tourist seasons when the city's cultural and historical sites draw in numerous visitors.

Seeking insights into more top-performing markets in Virginia? Start with this article.

47. Spokane, Washington

Spokane, Washington, is an appealing market for investors interested in short-term rentals due to its vibrant community, diverse cultural and outdoor activities, and a growing tourism sector. Here are some insights into the financial and investment landscape for Airbnb in Spokane:

Financial Insights

• The typical annual revenue from Airbnb listings in Spokane was around $16,800, indicating a stable income stream from rental properties.
• The city has an average occupancy rate of about 56%, reflecting a steady demand for short-term rentals throughout the year​.
• Spokane offers an average daily rate of approximately $170, competitive within the region and reflecting the quality of accommodations available to tourists.
• The RevPAR stands at around $92.80, showcasing the profitability per available rental unit​.

Ideal Investor

The ideal investor for Spokane is someone who values the blend of urban and natural environments and sees the potential in a growing yet stable market. They should be proactive in managing properties to maintain high standards to attract tourists visiting for both city attractions and natural beauty. The investor should also be adept at leveraging Spokane’s active seasons, maximizing occupancy during peak tourist periods.

Curious about more prosperous markets in Washington? Find them in this article.

48. Harpers Ferry, West Virginia

Located where the Potomac and Shenandoah rivers meet, Harpers Ferry, West Virginia, is a gem for investors interested in the short-term rental market. This historic town is not only a national park but also a place of convergence for many hiking trails, making it a significant attraction for tourists and outdoor enthusiasts. Here's a closer look at the financial insights that make Harpers Ferry a compelling option for Airbnb investments.

Financial Insights

• Properties in Harpers Ferry can expect to generate an average annual revenue of about $34,300, indicating a robust potential for earnings from rental investments.
• The town maintains a healthy occupancy rate of approximately 51%, reflective of steady tourist interest throughout the year.
• The average daily rate for rentals in Harpers Ferry stands at around $252.80, which aligns with the town's appeal as a premium historical and outdoor destination.
• The RevPAR for Harpers Ferry is approximately $129.30, showcasing the profitability of actively managed listings in the area.
• The market in Harpers Ferry shows a positive growth trend with a slight increase in revenue and occupancy rates over the past year, highlighting its stability and appeal as an investment location.

Ideal Investor

The ideal investor for Harpers Ferry is someone who values historical and natural attractions and understands the seasonal peaks associated with national parks and outdoor activities. An investor here would benefit from a strategic approach to property management, optimizing listing features and pricing to attract the steady flow of tourists drawn to the town's rich history and beautiful landscapes.

Harpers Ferry offers a unique blend of historical significance and natural beauty, creating a lucrative market for short-term rentals. With the right investment strategies, this picturesque location can be a profitable addition to a real estate portfolio.

Don't miss this article for a glimpse of more winning markets in West Virginia.

49. Madison, Wisconsin

Madison, nestled between picturesque lakes and renowned for its vibrant culture, emerges as a standout destination for Airbnb investors looking for robust returns in the Midwestern market. This city's blend of academic, cultural, and natural attractions makes it a continual draw for visitors, ensuring a stable demand for short-term rentals.

Financial Insights

• Madison’s Airbnb market is flourishing with an impressive annual revenue of approximately $21,600, indicating a strong earning potential for property owners.
• The city boasts a high occupancy rate of about 64%, reflecting consistent demand throughout the year​.
• At an average of $263 per night, Madison’s daily rate is competitive, providing a balanced opportunity for revenue without pricing out potential guests​.
• Madison’s RevPAR stands at $159.1, showcasing the profitability of actively listed properties.
• Madison hosts a diverse array of Airbnb properties, with a significant proportion managed through channels like Airbnb and Vrbo, suggesting a well-integrated short-term rental ecosystem. .

Ideal Investor

The ideal investor for Madison is one who values a blend of stability and profitability. With its high occupancy rates and substantial annual revenue, Madison is suited for investors who are keen on entering a lively market that combines a strong student presence with seasonal tourist influxes. Effective property management and a strategic marketing approach will be key to capitalizing on Madison's thriving Airbnb scene.

Madison represents an attractive investment opportunity with its strong financial performance and vibrant local culture, making it a compelling choice for those looking to expand their portfolio in the Airbnb market.

Explore this article for a deeper look at more winning markets in Wisconsin.

50. Casper, Wyoming

Casper, Wyoming is emerging as a lucrative market for short-term rental investors, offering a blend of rich history, outdoor adventures, and proximity to major tourist attractions like Yellowstone National Park. These elements position Casper as an appealing destination for property investors seeking to capitalize on its growing tourist influx.

Financial Insights

• Casper's Airbnb properties generate an average annual revenue of approximately $13,600, highlighting the area's potential for substantial rental income.
• With an average occupancy rate of 56%, Casper maintains a strong demand throughout the year, indicating a steady flow of guests and consistent booking potential.
• The ADR in Casper stands at about $179, reflecting the market's ability to command higher rental prices due to its attractive location and amenities​.
• The RevPAR is approximately $97, showcasing the efficiency of property utilization and profitability in the area​.

Additional insights reveal that Casper has 414 active listings, suggesting a competitive but manageable market for new entrants. The blend of historical sites, natural beauty, and cultural events like local rodeos provides a diverse appeal to tourists, enhancing its investability​.

Ideal Investor

The ideal investor for Casper, WY, is someone who appreciates the city’s unique combination of historical charm and outdoor recreational activities. This investor should be adept at tapping into the market of tourists attracted to natural landscapes and Western culture, positioning their properties to offer memorable experiences. A focus on highlighting local attractions and ensuring high-quality accommodations could differentiate their offerings, making the most of Casper’s robust Airbnb market.

Delve into this article if you're in search of more profitable markets in Wyoming.

Bottomline

Whether you're drawn to the bustling streets of major cities or the tranquil charm of smaller towns, aligning your investment with the right location can maximize occupancy rates and enhance profitability. By understanding the local market dynamics and leveraging strategic property management, investors can capitalize on the steady demand in these top Airbnb destinations, making informed decisions that yield lucrative results.

As always, potential investors should consider local regulations and market saturation to optimize their investment strategy in this ever-evolving sector.