Aside from looking at a property’s fascinating architectural design, proximity to major tourist areas, and accessibility to the best go-to places, the primary step is to determine profitability. In this article, we’ll discuss the metrics in order to gauge the best property investment.

This includes the best website recommendations for property investment, defining property gross rental yield, cash-on-cash return, and annual revenue, along with some of the most ideal and profitable properties according to their location. Stoked to learn more? Continue reading!

Why Invest a Property in Santa Fe?

It’s a given fact that Santa Fe is a charming city that offers a peaceful and slower pace to life with a fascinating mix of cultures, but what else is there to know? Here are some of the major reasons why you should consider buying a property for Airbnb in Santa Fe:

1. Plenty of sunshine

We can deny that Santa Fe has great weather conditions! It rarely rains here and the city enjoys more than 300 sunny days where everyone can enjoy all types of outdoor activities, this makes it a great tourist destination.

2. Traffic is not a problem

If you’re tired of the chaotic traffic of big cities, then Santa Fe will certainly result attractive for you! While it’s the fourth largest city in New Mexico, traffic is not a problem as it’s quite light. In addition to this, it’s close to most amenities, so you won’t lose much time stuck in traffic!

3. Rich culture and plenty of festivals

Santa Fe is also known for its rich diversity, festivals and striking art scene that surely catch one’s attention. In this city, you can find museums, monuments as well as plenty of historical sites. As if this were not enough, Santa Fe also hosts popular annual events, like contemporary art, where those who attend can enjoy traditional exhibits, live music shows and much more. Thanks to this, the city welcomes around 2M visitors per year!

Expectations When Buying A Property in Santa Fe

Aside from the pros of investing in a property in Santa Fe, let’s discuss some of the cons so you can know what to expect when living in this fascinating city. It’s always better to look at the two sides of each coin in order to properly set your expectations!

1. Housing market in Santa Fe: Higher than the State average 

Looking for an affordable house may be difficult in Santa Fe as the values are 61% higher compared to other cities in the State and 41% more than the national average. According to Zillow, the average property price here is more than $568K and is trending up 12.2% compared to last year.

2. High crime rate

Safety is certainly a factor that investors should consider when looking for a place to invest in. Sadly, Santa Fe has a high crime rate of 38 per one thousand residents and if we talk about property crimes, the chance of becoming a victim is one in 29 according to NeighborhoodScout. It will be best to analyze calmly where you want to purchase the property as well as the neighborhood and while you are on it, it would be ideal to also look for a reliable home security system.

Best Neighborhoods for Airbnb in Santa Fe

Let’s take a closer look at the important Airbnb key metrics to discover which is the most profitable neighborhood in Santa Fe. Filtered for a 1-bedroom apartment, here is a brief overview of some of the most recommended and profitable neighborhoods:

Top reasons for buying an Airbnb Property in Ashville

Ashville is also known as the “Paris of the South” due to its fascinating architecture and alternative arts scene, this city has a lot to offer to visitors. As if this were not enough, Asheville also has stunning landscapes with a wide variety of outdoor activities. However, there’s more to learn as to why we recommend purchasing a property in this city. Here are some of the major reasons why you should consider buying a property for Airbnb in Ashville:

1. Booming real estate market

The real estate market in Asheville is something that certainly will catch investors’ attention as it offers many profitable properties and on top of that, it’s steadily growing. According to Zillow Index, the median property price in Asheville is $449K with a change of 14.8% compared to last year.

2. Top tourist destination in North Carolina

Thanks to its great location, Asheville has striking views with its architecture and natural landscapes of the Blue Ridge and Great Smoky mountain ranges. This certainly draws a great number of visitors, in fact, around 12M tourists arrive in the city annually to enjoy everything that this vibrant city has to offer.

3. Close to everything

It doesn’t matter whether you’re looking for a grocery store, a hospital, a restaurant, or a music venue because in Asheville you can easily find everything you need without much effort. In addition to that, the city has an overall walk score of 37, making it fairly easy to access most amenities just by walking a few blocks.

What are the cons of buying an Airbnb property in Ashville?

Now that we know the pros of investing in Ashville, let’s take a quick look at some of the cons. It’s always better to look at the two sides of each coin in order to properly set your expectations!

1. High cost of living

The cost of living is also an important factor to take into account when choosing a location to invest in and unfortunately, the cost of living is high in Asheville as it’s 11% higher than the average in North Carolina based on AreaVibes report.

2. Severe storms risks

While you can expect to enjoy Asheville’s mild temperatures, there’s also a risk of encountering heavy storms in the city. This leads to another negative factor since due to the severe rainfall, certain areas are prone to flooding.

Best Neighborhoods for Airbnb in Asheville

Let’s take a closer look at the important Airbnb key metrics to discover which is the most profitable neighborhood in Asheville. Filtered for a 1-bedroom apartment, here is a brief overview of some of the most recommended and profitable neighborhoods: