Day: February 10, 2023

Airbnb Occupancy Rates in Japan: Most profitable cities to invest in!

Post author By Magdalena Jara
Post date February 10, 2023

Looking for the best cities in Japan to invest in? Check out the best 20 cities for Airbnb in Japan with the highest occupancy rates!

Home > Resources > Airbnb Occupancy >

Airbnb Occupancy Rates in Japan: Most profitable cities to invest in!

Looking for the best cities in Japan to invest in? Check out the best 20 cities for Airbnb in Japan with the highest occupancy rates!

August 7, 2023

Japan is a country that almost everyone has on their travel wish list in their lives, which is understandable considering how captivating this country is. This country offers many unique experiences linked to its culture, gastronomy, technology, the anime & manga world, literature, and has fascinating cities.

Dozens of tourists visit this Asian country every year looking to immerse themselves in Japan’s exciting culture and its natural surroundings. Hence, investing in an Airbnb property in Japan can be a profitable business idea.

Still, before taking a huge step and purchasing a property investment in Japan, you should analyze carefully which city to target and determine the profitability based on Airbnb’s important key metrics.

In this article, you will find the top 20 best cities for Airbnb in Japan along with their respective occupancy rates, monthly & yearly revenue, average daily rates (ADRs), and more. Are you eager to learn more? Then you should continue reading!

Why Invest in an Airbnb Property in Japan?

Japan is a country rich in history, tradition, culture and technology that opens the doors to endless adventures and opportunities. But what advantages does this country have for investors? Here are the top reasons why you should invest in an Airbnb property in Japan:

Japan’s bustling tourist market

Japan ranks high when it comes to being a tourist destination as it attracts millions of visitors every year. Before the pandemic, Japan welcomed around 31M tourist arrivals, ranking 3rd as the most visited country in Asia.

While after COVID, Japan’s tourism declined, but the digits were steadily growing. In 2022, nearly 4M travelers visited the country. In addition to this, Airbnb also worked alongside the Japanese government to support its tourism recovery!

Japan’s economy: Leadership in technology and innovation

Japan is widely known for its technological advances and innovative infrastructure. On top of that, Japan ranks 4th among the 17 economies in South East Asia, East Asia, and Oceania. Investing in Japan means that you will have access to many resources with one of the fastest internet connections and a great infrastructure. In addition to this, Japan also has one of the best public transportation systems in the world!

Buying property as a foreigner in Japan is easy

Japan is one of the few countries that doesn’t have legal restrictions on foreigners when it comes to buying property. Unlike most countries, if you’re a foreigner looking to invest in this country, you won’t be asked to do special procedures or pay high fees. At the same time, you won’t be required to have a Japanese residency card either. However, please note that purchasing a property here doesn’t mean that you will be qualified to obtain a residence visa.

In addition to the advantages mentioned above, you should also know that Japan ranks among the top 3 short-term rental markets in Asia. Japan also has an average occupancy rate of 23% and an average daily rate (ADR) of $72 (¥9,438)!

Is Airbnb legal in Japan?

While knowing Airbnb’s key metrics is important, it’s also essential to consider if short-term rentals are legal in the city you want to invest in or not. Now, let’s cut to the chase – Airbnb is legal in Japan!

If you’re wondering, “is Airbnb legal in Tokyo?” then you should also check on the short-term regulations.

For example, to operate a short-term rental in Japan, you need to register your listing and display the license number. However, depending on where is your listing located, you may need to follow different regulations. You can check Japan enforcement’s order to know more about each specific law.

Airbnb Occupancy Rates in Japan: Top 20 Japanese Cities

Japan offers attractive investment opportunities, thus, it’s understandable that this country caught property investors’ attention. But there are still major doubts: where you should invest in Airbnb properties in Japan? Should you invest in a short-term rental in Okinawa or Tokyo?

To figure out the best cities to do short-term rental investments in Japan, we used Airbtics’ calculator to find out the top 20 markets with the highest occupancy rates:

1. Matsue

Total Number of Airbnb Listings: 28
Airbnb Annual Revenue: ¥2,143,995 ($16,427)
Average Daily Rate: ¥12,138 ($93)
Occupancy Rate: 56%
Median Property Price: ¥18,430,000 ($141,208)
Gross Rental Yield: 11.6%

2. Sendai

Total Number of Airbnb Listings: 46
Airbnb Annual Revenue: ¥1,443,904 ($11,063)
Average Daily Rate: ¥7,309 ($56)
Occupancy Rate: 50%
Median Property Price: ¥24,020,000 ($184,038)
Gross Rental Yield: 6.0%

3. Matsuyama

Total Number of Airbnb Listings: 53
Airbnb Annual Revenue: ¥1,264,705 ($9,690)
Average Daily Rate: ¥7,178 ($55)
Occupancy Rate: 47%
Median Property Price: ¥15,480,000 ($118,606)
Gross Rental Yield: 8.2%

4. Hakone

Total Number of Airbnb Listings: 99
Airbnb Annual Revenue: ¥2,342,249 ($17,946)
Average Daily Rate: ¥13,835 ($106)
Occupancy Rate: 46%
Median Property Price: ¥34,520,000 ($264,488)
Gross Rental Yield: 6.8%

5. Saitama

Total Number of Airbnb Listings: 31
Airbnb Annual Revenue: ¥1,384,780 ($10,610)
Average Daily Rate: ¥7,178 ($55)
Occupancy Rate: 46%
Median Property Price: ¥28,140,000 ($215,605)
Gross Rental Yield: 4.9%

6. Kobe

Total Number of Airbnb Listings: 142
Airbnb Annual Revenue: ¥1,890,140 ($14,482)
Average Daily Rate: ¥ ($95)
Occupancy Rate: 41%
Median Property Price: ¥23,590,000 ($180,743)
Gross Rental Yield: 8.0%

7. Yokohama

Total Number of Airbnb Listings: 179
Airbnb Annual Revenue: ¥1,710,158 ($13,103)
Average Daily Rate: ¥9,919 ($76)
Occupancy Rate: 41%
Median Property Price (2-bedroom): ¥34,520,000 ($264,488)
Gross Rental Yield: 5.0%

8. Tokyo

Total Number of Airbnb Listings: 8,426
Airbnb Annual Revenue: ¥1,536,310 ($11,771)
Average Daily Rate: ¥9,136 ($70)
Occupancy Rate: 39%
Median Property Price: ¥62,510,000 ($478,943)
Gross Rental Yield: 2.5%

9. Kanazawa

Total Number of Airbnb Listings: 307
Airbnb Annual Revenue: ¥1,517,124 ($11,624)
Average Daily Rate: ¥12,138 ($93)
Occupancy Rate: 38%
Median Property Price: ¥19,200,000 ($147,108)
Gross Rental Yield: 8.0%

10. Nagoya

Total Number of Airbnb Listings: 396
Airbnb Annual Revenue: ¥1,486,322 ($11,388)
Average Daily Rate: ¥8,614 ($66)
Occupancy Rate: 37%
Median Property Price: ¥23,170,000 ($177,525)
Gross Rental Yield: 6.4%

11. Takayama

Total Number of Airbnb Listings: 186
Airbnb Annual Revenue: ¥2,001,471 ($15,335)
Average Daily Rate: ¥14,226 ($109)
Occupancy Rate: 36%
Median Property Price: ¥17,090,000 ($130,941)
Gross Rental Yield: 11.8%

12. Fukuoka

Total Number of Airbnb Listings: 898
Airbnb Annual Revenue: ¥1,029,906 ($7,891)
Average Daily Rate: ¥6,134 ($47)
Occupancy Rate: 36%
Median Property Price: ¥21,850,000 ($167,412)
Gross Rental Yield: 4.7%

13. Nara

Total Number of Airbnb Listings: 172
Airbnb Annual Revenue: ¥1,031,994 ($7,907)
Average Daily Rate: ¥6,787 ($52)
Occupancy Rate: 36%
Median Property Price: ¥14,980,000 ($114,775)
Gross Rental Yield: 6.9%

14. Beppu

Total Number of Airbnb Listings: 139
Airbnb Annual Revenue: ¥1,219,677 ($9,345)
Average Daily Rate: ¥8,745 ($67)
Occupancy Rate: 34%
Median Property Price: ¥17,160,000 ($131,478)
Gross Rental Yield: 7.1%

15. Sapporo

Total Number of Airbnb Listings: 1,030
Airbnb Annual Revenue: ¥1,256,221 ($9,625)
Average Daily Rate: ¥7,962 ($61)
Occupancy Rate: 34%
Median Property Price: ¥20,010,000 ($153,314)
Gross Rental Yield: 6.3%

16. Chiba

Total Number of Airbnb Listings: 61
Airbnb Annual Revenue: ¥1,001,323 (7,672)
Average Daily Rate: ¥6,395 ($49)
Occupancy Rate: 34%
Median Property Price: ¥24,140,000 ($184,957)
Gross Rental Yield: 4.1%

17. Okinawa

Total Number of Airbnb Listings: 109
Airbnb Annual Revenue: ¥1,409,187 ($10,797)
Average Daily Rate: ¥9,789 ($75)
Occupancy Rate: 34%
Median Property Price: ¥34,300,000 ($262,802)
Gross Rental Yield: 4.1%

18. Nikko

Total Number of Airbnb Listings: 135
Airbnb Annual Revenue: ¥1,249,826 ($9,576)
Average Daily Rate: ¥9,267 ($71)
Occupancy Rate: 33%
Median Property Price: ¥19,510,000 ($149,483)
Gross Rental Yield: 6.4%

19. Hiroshima

Total Number of Airbnb Listings: 413
Airbnb Annual Revenue: ¥1,202,318 ($9,212)
Average Daily Rate: ¥9,397 ($72)
Occupancy Rate: 33%
Median Property Price: ¥22,670,000 ($173,695)
Gross Rental Yield: 5.3%

20. Nagasaki

Total Number of Airbnb Listings: 103
Airbnb Annual Revenue: ¥1,023,771 ($7,844)
Average Daily Rate: ¥7,048 ($54)
Occupancy Rate: 32%
Median Property Price: ¥20,440,000 ($156,608)
Gross Rental Yield: 5.0%

Summary

Japan is undeniably a beautiful country that offers endless opportunities to property investors. On top of that, most Japanese cities offer affordable real estate options with attractive markets for Airbnb that can generate a nice amount of cash for hosts.

There are many profitable cities in Japan with good occupancy rates, yet there’s always a risk if you decide to invest in a market before analyzing the important metrics. Thus, it’s always recommended to conduct market research using short-term rental analytics tools like Airbtics.

Take the advantage of living in the digital era and use a short-term rental estimator to discover your market profitability and stand out among your competitors!

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Airbnb Investment All About Airbnb

Top 10 Places to Start Airbnb Investment near Chicago: Airbnb Investment in 2023

Post author By Robyn Peña
Post date February 10, 2023

Learn about the best places to Airbnb in Chicago in 2023! This article features expert tips for Airbnb investment and Airbnb data in Chicago.

Home > Resources > Airbnb Investment >

Top 10 Places to Start Airbnb Investment near Chicago: Airbnb Investment in 2023

Learn about the best places to Airbnb in Chicago in 2023! This article features expert tips for Airbnb investment and Airbnb data in Chicago.

August 16, 2023

Key Takeaways

Chicago’s overall economic stability & tourism has helped various hosts in the area to earn a passive income. Particularly during big events such as Lollapalooza, where most tourists across the globe visit Chicago for the music festival.
Discover what real estate investors can anticipate when starting an Airbnb investment in Chicago and nearby areas. Primarily highlighting the potential profitability of Airbnb investment in Chicago – along with its annual revenue and gross rental yield.
Learn about the top 10 profitable areas for Airbnb nearby Chicago along with the Airbnb dataset. This includes the most recommended property size and the number of bedrooms to achieve a high gross rental yield.

Introduction

Chicago has one of the strongest and steadiest economic stability, making it a suitable city for real estate investment. Even during the pre-pandemic and re-opening of borders, this city’s tourism industry was consistently on an upward trend.

The Chicago government even noted an 86% increase in tourism in 2021, generating $1.3 billion in tourism tax revenue.

In fact, Airbnb also recently shared the high demand for accommodation due to big events happening across Chicago. They stated that more Airbnb hosts opened their doors to travelers and helped them earn extra income.

Are you looking to start a real estate investment in Chicago but don’t know where to start?

This article will guide you through! We’ll present the Airbnb dataset in Chicago, set expectations for Airbnb investment, and discover the top 10 cities nearby Chicago. Continue reading to learn more.

Why invest in an Airbnb in Chicago?

There are various reasons why property investors are eyeing property investments in Chicago. Apart from the city’s tourist attractions and iconic events, here are some of the major reasons why investing in an Airbnb in Chicago is ideal:

1. Strong Renters Market

Chicago agent magazine revealed that this city is one of the top 10 cities for real estate investment in 2023. Over 50% of Chicago’s population are renters, which redirects to a strong rental market. Since it is also considered one of the most affordable metros, more renters are looking for housing opportunities.

2. Strong Economy & Job Growth

Chicago is home to more than 390 major corporate headquarters and has the third-largest gross metropolitan product in the USA. Not to mention its 5 major professional sports teams and major universities! Because it offers bountiful job opportunities, Chicago is wrapped as a perfect package for property investors.

3. High Quality of Life

In comparison to other major cities in America, Chicago offers a relatively affordable cost of living. In fact, Forbes even ranked it as one of the best places to do business and leverage careers. Chicago’s high quality of life is one of the perks for both investors and residents alike!

Is Airbnb Profitable in Chicago?

Airbtics confirms that Airbnb is certainly profitable in Chicago. It’s good to note, however, that the level of profitability depends on your location and property type. Rental Arbitrage in Chicago is also a popular option for those who are on a limited budget!

According to Airbtics’ data, an Airbnb host can earn up to $109,551 annually for operating a 4-bedroom property in Chicago, Illinois. You can also anticipate a good GRY of 29.35%.

Source: Airbtics Dashboard

Top 10 Best Areas to Airbnb nearby Chicago

Chicago has almost 100 neighborhoods and suburbs, so it can be difficult to filter the best ones. Using Airbtics’ Discovery Tool, we discovered the nearby cities & best places to Airbnb in Chicago:

1. Chicago City

To operate an Airbnb in Chicago, hosts will have to register with their local city and obtain a Shared Housing Operator License (for more than 1 registration).

Best bedroom size: 4 bedrooms
Median property price (4-bedroom): $373,320
Airbnb Annual revenue: $109,551
Gross rental yield: 29.35%

2. South Bend

Getting a short-term rental permit from the local government of Indiana is required to operate an Airbnb. South Bend is located about 71 miles from Chicago (1 hour & 41 mins drive).

Best bedroom size: 4 bedrooms
Median property price (4-bedroom): $228,200
Airbnb Annual revenue: $100,778
Gross rental yield: 44.16%

3. Milwaukee

If you’re planning to start an Airbnb business in Milwaukee, the best part is that there are currently no Airbnb regulations. Milwaukee is about 83 miles from Chicago (1 hour & 28 mins drive).

Best bedroom size: 3 bedrooms
Median property price (3-bedroom): $185,356
Airbnb Annual revenue: $61,148
Gross rental yield: 32.99%

4. Saint Louis

St. Louis does not have any city ordinance about short-term regulations. It is located about 146 miles from Chicago (4 hours & 35 mins drive).

Best bedroom size: 1 bedroom
Median property price (1 bedroom): $136,194
Airbnb Annual revenue: $30,804
Gross rental yield: 22.62%

5. Indianapolis

To operate an Airbnb in Indianapolis, it is required to get a short-term rental permit from the local government of Indiana. Indianapolis is situated 183 miles from Chicago (2 hours & 59 mins drive).

Best bedroom size: 2 bedrooms
Median property price (2-bedroom): $152,871
Airbnb Annual revenue: $46,072
Gross rental yield: 30.14%

6. Green Bay

Green Bay is a city in Milwaukee so it follows no specific Airbnb regulations. Green Bay is located 183 miles from Chicago (3 hours &17 mins drive).

Best bedroom size: 3 bedrooms
Median property price (3-bedroom): $205,571
Airbnb Annual revenue: $66,990
Gross rental yield: 32.59%

7. Ann Arbor

A short-term rental license is required prior to operating an Airbnb in Ann Arbor. Located Indianapolis is situated 196 miles from Chicago (3 hours & 49 mins drive).

Best bedroom size: 2 bedrooms
Median property price (2-bedroom): $294,242
Airbnb Annual revenue: $54,464
Gross rental yield: 27.67%

8. Traverse City

Traverse City requires all Airbnb hosts to get a permit unless the property is located in a commercial zoning district. It’s also situated 223 miles from Chicago (5 hours & 6 mins drive).

Best bedroom size: 2 bedrooms
Median property price (2-bedroom): $327,394
Airbnb Annual revenue: $67,320
Gross rental yield: 20.56%

9. Cincinnati

All Airbnb hosts in Cincinnati must register their short-term rentals and obtain liability insurance. Cincinnati is located 250 miles from Chicago (4 hours & 40 mins drive).

Best bedroom size: 3 bedrooms
Median property price (3-bedroom): $221,368
Airbnb Annual revenue: $53,521
Gross rental yield: 24.18%

10. Louisville, KY

To operate an Airbnb in Indianapolis, it is required to get a short-term rental permit from the local government of Indiana. Indianapolis is situated 183 miles from Chicago (2 hours & 59 mins drive).

Best bedroom size: 3-bedrooms
Median property price (3-bedroom): $232,828
Airbnb Annual revenue: $73,499
Gross rental yield: 31.57%

Conclusion

Nearby cities in Chicago have several exciting property investment opportunities. There are other neighborhoods that can bring exceptional rental yields and annual revenue, so it’s best to explore them now! The best investment property in Chicago can be discovered in one click and the same goes for other profitable STR locations in the US.

Now that you have an overview of Airbnb Chicago dataset, take a look at Airbtics’ Airbnb profit calculator and stand out among the rest. It’s built to help you maximize profitability and find long-term profitable investments. Get ahead of your competitors now and look at other Chicago investment properties!

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Airbnb Investment All About Airbnb

Where are the Best Airbnb Locations in Arizona? Phoenix Investment Properties in 2023

Post author By Robyn Peña
Post date February 10, 2023

Discover the best Airbnb locations in Arizona for real estate investors in 2023! This article features profitable Airbnb cities near Phoenix

Home > Resources > Airbnb Investment >

Where are the Best Airbnb Locations in Arizona? Phoenix Investment Properties in 2023

Discover the best Airbnb locations in Arizona for real estate investors in 2023! This article features profitable Airbnb cities near Phoenix

October 2, 2023

Key Takeaways

Phoenix offers several attractive property investments. Due to its booming economy and double-digit rent growth, this city is considered one of the best cities for investment in 2023.
Find out what real estate investors can expect when starting an Airbnb investment in nearby cities within the Phoenix area. Each city’s potential profitability for Airbnb will be revealed, along with its annual revenue and gross rental yield.
Discover the best 10 profitable areas for Airbnb nearby Phoenix and the most recommended property size for starting an Airbnb investment.

Introduction

Arizona has a vibrant economy and the affordability of properties attracts real estate investors across the state. Its tourism industry is also well-balanced. In fact, Airbnb noted that the demand for accommodation has increased in the greater Phoenix area because of the upcoming Big Game.

And while there are several best places to Airbnb in Arizona, Phoenix is surely on top of the list!

If you’re looking for the best areas for Airbnb locations in Arizona – we have it all featured here.

At the end of this article, you’ll also learn about the profitability of nearby cities in Phoenix and discover the best real estate investment properties. Continue reading to learn more.

Is Airbnb Profitable in Phoenix?

Using the discovery tool, Airbtics discovered that Airbnb is certainly profitable in Phoenix. Airbtics’ data shows that an Airbnb host can expect annual revenue of $41,085 for operating a 2-bedroom property in Phoenix. You can also anticipate a good occupancy rate of 65%.

Why invest in an Airbnb in Phoenix?

Phoenix has arguably portrayed interesting landscapes. From deserts, zoos, gardens, and other natural attractions — it’s surely a hit with all kinds of tourists. Airbnb rules in Phoenix are also not too strict, which is an advantage. But apart from this, here are the primary reasons why you should consider Phoenix investment properties:

1. Booming economy & fastest-growing population in the USA

Despite the reported water shortage issues, Phoenix is known for its booming economy and growing population. This city also offers high-quality education and more businesses are thriving. Investing in a promising city such as Phoenix will give any investor the opportunity to make the most money that they can.

2. History of Increasing Values

Home Qwik declares that Phoenix has a proven history of increasing values. Particularly for single-family homes, the affordability of properties makes it easier for investors to start with. Norada Real Estate also projected that property values grew by 9.5% over the last 12 months, as per Zillow’s home value index.

3. Low Vacancy Rates

If you are looking for a more consistent cash flow for your rental, Phoenix is the best city to start with. Its low vacancy rates are connected to higher rent prices and lower tenant turnover. This also means that tenants are more likely to stay longer and renew their contract – less paperwork and a constant flow of money! Thus, targeting the best neighborhoods in Phoenix can greatly secure a steady passive income.

Source: Airbtics Dashboard

Top 10 Best Areas to Airbnb nearby Phoenix, AZ

Check out the best areas for Airbnb investment in areas and annual income property near Phoenix, AZ:

1. Scottsdale

A TPT (Transaction Privilege Sales Tax) license and Scottsdale license is required for every property that you intend for short-term rentals. Scottsdale is 71 miles from Phoenix (21 mins drive).

Best bedroom size: 1 bedroom
Median property price (1 bedroom): $297,370
Airbnb Annual revenue: $41,960
Gross rental yield: 14.11%

2. Gilbert

To date, Airbnb hosts in Gilbert are not required to obtain a business license. However, they are looking to charge a licensing fee. This proposed regulation is not applicable yet. Similar to Scottsdale, Gilbert is about 21 miles (28 minutes drive) from Phoenix

Best bedroom size: 3 bedrooms
Median property price (3-bedroom): $487,349
Airbnb Annual revenue: $66,391
Gross rental yield: 13.62%

3. Mesa

Short-term rental owners in Mesa are required to get a license and obtain minimum liability insurance. This city is about 23 minutes drive from Phoenix (21 miles).

Best bedroom size: 3 bedrooms
Median property price (3-bedroom): $404,007
Airbnb Annual revenue: $61,386
Gross rental yield: 15.19%

4. Tempe

Currently, there are no short-term regulations in Tempe. But it’s also good to note that starting on March 6th, 2023, all short-term rental owners are required to get a business license. Tempe is located 71 miles from Phoenix (1 hour & 41 minutes drive).

Best bedroom size: 1 bedroom
Median property price (1 bedroom): $258,653
Airbnb Annual revenue: $43,990
Gross rental yield: 17.01%

5. Sedona

Similar to Scottsdale, all Airbnb hosts are required to get a TPT (Transaction Privilege Sales Tax) license from the State of Arizona. It is also situated 99 miles from Phoenix (1 hour & 56 mins drive).

Best bedroom size: 1 bedroom
Median property price (1 bedroom): $411,132
– Airbnb Annual revenue: $59,134
Gross rental yield: 14.38%

6. Tucson

Since Tucson has not implemented its local short-term rental regulations, hosts will have to comply with Arizona’s STR laws. Tucson is about 106 miles from Phoenix (1 hour & 43 mins drive).

Best bedroom size: 3 bedrooms
Median property price (3-bedroom): $314,860
Airbnb Annual revenue: $49,440
Gross rental yield: 15.7%

7. Flagstaff

Flagstaff currently does not have any specific short-term rental regulations. This city is located about 146 miles from Phoenix (2 hour & 15 mins drive).

Best bedroom size: 2 bedrooms
Median property price (2-bedroom): $413,163
Airbnb Annual revenue: $57,767
Gross rental yield: 13.98%

8. Bullhead City

Registration & licensing is the usual process for most Airbnb hosts in Bullhead City. It’s also about 183 miles from Phoenix (3 hours & 51 mins drive).

Best bedroom size: 3 bedrooms
Median property price (3-bedroom): $325,491
Airbnb Annual revenue: $51,650
Gross rental yield: 15.87%

9. Henderson

To operate a short-term rental in Henderson, you will need to register your listing with the local city hall. Henderson is also about 244 miles from Phoenix (4 hours & 48 mins drive).

Best bedroom size: 4 bedrooms
Median property price (4-bedroom): $573,128
Airbnb Annual revenue: $95,308
Gross rental yield: 16.63%

10. Lake Havasu

According to Lake Havasu’s government website, all hosts are required to register their short-term rentals online. Lake Havasu is about 147 miles from Phoenix (3 hours & 15 mins drive).

Best bedroom size: 2 bedrooms
Median property price (2-bedroom): $372,579
Airbnb Annual revenue: $46,625
Gross rental yield: 12.51%

Explore More Profitable Locations in Arizona!

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Summary

Now that you have an overview of the best Airbnb locations in Arizona, don’t make the final decision just yet. It’s certain that more investment properties in Phoenix can be discovered – all in one click!

It’s a fact that despite the affordability of properties in Phoenix, some property investors may still find the price to be overwhelming. The good news is that you have the option to do rental arbitrage in Phoenix. Arizona investment properties can generate a good cash flow and achieve financial stability!

Real estate investors in Phoenix know that not all property investments can bring excellent profitability. So before taking the next step, try using an Airbnb income calculator. This will help you set your expectations, take note of the recurring & upfront expenses, and determine your profitability.

Pro Book

Deeper STR Insights. Broader Investment Opportunities.

Want to go deeper, broader, and faster? Supercharge your Airbnb Investment by accessing the most in-depth Airbnb & real estate insights with our exclusive STR report.

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Airbnb Investment All About Airbnb

A Guide to Airbnb Investment near Houston, Texas in 2023: Best 10 Profitable Areas for Airbnb!

Post author By Robyn Peña
Post date February 10, 2023

Best areas in Houston for Airbnb

Key Takeaways

Learn about the profitability of property investment, the best property types, and the most recommended cities with the highest gross rental yield. You will also learn how to find the best areas near Houston, Texas.
Discover expert tips for first-time real estate investors and Airbnb requirements for hosting in Houston.
The top 10 Areas for Airbnb nearby Houston are revealed – along with their median property prices, Airbnb annual revenue, occupancy rates, and more.

Introduction

Houston is the 4th largest city in the US and has one of the strongest economies. Several investors in the market have their eye on Houston properties because of its booming international trade and population growth.

The quality of education and employment opportunities in Houston is also expected to be on an upward trend. This gives more practical reasons for investors to dig in.

In fact, according to Airbtics, an Airbnb host can expect to earn $25,190 annual revenue in Houston. And this is just for operating a 2-bedroom property alone with shows a solid 49% occupancy rate.

But where are the best areas in Houston for Airbnb? – which are the most profitable locations for investment?

In this article, we’ll discuss the data about buying investment property in Texas and reveal the most profitable areas for Airbnb nearby Houston. Continue reading to learn more!

Is Airbnb profitable in Houston, Texas?

The good news is that Airbnb is profitable in Houston! This varies according to your target location, property type, amenities, and hosting skills among the rest.

Airbtics’ data confirm that Austin is the highest Airbnb annual revenue of nearby cities in Houston. An Airbnb host can expect to earn an average annual revenue of $217,866 with a promising gross rental yield of 17.27%. Houston’s Airbnb occupancy rate is also a solid %.

There’s also no denying that Houston offers a natural charm that attracts tourist arrivals. Its vast job sectors from aerospace to aviation also contribute to more students and professionals visiting the city. Apart from this, there are plenty of various investment properties available that one can take advantage of.

Property Investment in Houston, Texas

Houston’s real estate market is generally known for its affordability. In fact, Houston Association of Realtors confirmed that despite the elevated interest rates and low inventory, the market remained on an upward trend. Property investment Texas can certainly generate profitability in the long run. Here are some expert tips for first-time real estate investors:

1. Plan out your budget

Airbnb host expenses can be more overwhelming in the long run so it’s important to track your initial budget and recurring expenses. At the same time, you can also look for properties that are undervalued to have extra cash reserves.

2. Conduct research

Using an Airbnb analytics tool will not only help you determine your profitability but will also lead you to the right investments. Conducting research using Airbtics will help you make the wisest investment decisions by looking at accurate data & market trends.

3. Speak with real estate agents

Most local real estate agents are aware of the short-term rental business and can give you hands-on advice to achieve your goal. Whether you’re looking into various property types, speaking with real estate agents can help you choose the best property available.

Note: According to Airbnb, Houston does not have specific short-term rental regulations. However, Airbnb hosts should be aware of the 6% state hotel occupancy tax on Texas short-term rentals and housing standards.

Top 10 Best Areas to Airbnb near Houston, Texas

Where to invest in Texas? You can also get the idea here. Check out the nearby cities in Houston that are highly recommended for starting an Airbnb business:

1. Galveston

Recommended bedroom size: 1 bedroom
Median property price (1-bedrooms): $197,000
Airbnb Annual revenue: $28,347
Gross Rental Yield: 14.39%
Located 40 miles from Houston (1-hour drive)

2. Corpus Christi

Recommended bedroom size: 2 bedrooms
Median property price (2 bedrooms): $156,674
Airbnb Annual revenue: $51,332
Gross Rental Yield: 32.76%
Located 186 miles from Houston (3 hours & 15 mins drive)

3. Waco

Recommended bedroom size: 3 bedrooms
Median property price (3-bedroom): $218,326
Airbnb Annual revenue: $60,679
Gross Rental Yield: 27.79%
Located 165 miles from Houston (2 hours & 49 mins drive)

4. Fort Worth

Recommended bedroom size: 2 bedrooms
Median property price (2-bedroom): $209,815
Airbnb Annual revenue: $44,629
Gross Rental Yield: 21.27%
Located 238 miles from Houston (3 hours & 56 mins drive)

5. New Braunfels

Recommended bedroom size: 3 bedrooms
Median property price (3-bedroom): $358,676
Airbnb Annual revenue: $72,283
Gross Rental Yield: 20.15%
Located 165 miles from Houston (2 hours & 44 mins drive)

6. San Antonio

Recommended bedroom size: 2 bedrooms
Median property price (2-bedroom): $191,940
Airbnb Annual revenue: $37,679
Gross Rental Yield: 19.63%
Located 187 miles from Houston (2 hours & 59 mins drive)

7. Dallas

Recommended bedroom size: 3 bedrooms
Median property price (3-bedroom): $305,533
Airbnb Annual revenue: $57,372
Gross Rental Yield: 18.78%
Located 224 miles from Houston (3 hours & 31 mins drive)

8. Austin

Recommended bedroom size: 5 bedrooms
Median property price (5-bedroom): $1,188,690
Airbnb Annual revenue: $217,866
Gross Rental Yield: 18.33%
Located 147 miles from Houston (2 hours & 46 mins drive)

9. Killeen-Temple

Recommended bedroom size: 3 bedrooms
Median property price (3-bedroom): $195,080
Airbnb Annual revenue: $33,693
Gross Rental Yield: 17.27%
Located 175 miles from Houston (3 hours & 7 mins drive)

10. Burnet

Recommended bedroom size: 2 bedrooms
Median property price (2-bedroom): $262,732
Airbnb Annual revenue: $41,051
Gross Rental Yield: 15.62%
Located 182 miles from Houston (3 hours & 23 mins drive)

Takeaway

Cities nearby Houston have several promising property investments with high gross rental yields. If you’re looking to invest in a new city or nearby neighborhoods, it’s advisable to look at other options and compare each market. Now that you have an idea of the best areas in Houston for Airbnb and the best places for Airbnb in Texas, take the next step to profitability!

You should also consider investing in a property in close proximity to your primary residence, tourist areas, or your work office for easy management. In the digital era, you no longer need to conduct manual research that is time-consuming.

By simply using an Airbnb profit calculator, you can easily get ahead of your competitors and make the wisest investment decisions.

Explore The Most Profitable Airbnb Locations Near Houston

Tags Airbnb Investments, lat_29.7589382, lng_-95.3676974

Alternatives & Reviews

STR Insights: Features, Pricing, and Reviews

Post author By Robyn Peña
Post date February 10, 2023

STR insights tool

What is STR Insights?

STR Insights is a new short-term rental analytics company that provides Airbnb data for real estate investors. It gives the entire US market its subscription service. Some of STR Insights’ features include access to revenue metrics and property details among others.

Short-term rental analytics platforms like STR Insights are extremely helpful for benchmarking and providing data for investors to make the best investment decisions. But is it the best one for your business?

If you’re considering using an STR Insights tool for your Airbnb business, this article is for you!

Continue reading as we discuss STR insights’ features, pricing, and reviews. At the end of this article, you’ll learn whether STR Insights is the best tool for your short-term rental business.

Features of STR Insights

Similar to other short-term rental analytics providers, STR Insights has an ROI feature where you can input your address and predict profitability. Their software includes a dashboard, market profile, comparison report, and support.
STR Insights’ dashboard can’t be accessed after a free sign-up. They require users to subscribe to their premium subscriptions first to gain access. Their tutorial video & website present the following features:

Discover markets with the latest Airbnb data
Research-based on the types of vacation destination
Compare different markets using the ROI calculator

The CEO of STR Insights, Kenny Bedwell, was also featured in a podcast that explains the tool’s major features. He shared all the details on STR Insights and tips for what markets you should keep an eye out for based on data he has seen.

Based on their tutorial video, this is what their dashboard looks like:

STR Insights provides Airbnb data coverage within the USA region. Similar to Mashvisor, it’s not recommended for those who want to explore global investments.

If we also have to compare STR Insights vs AirDNA, it’s safe to say that AirDNA has more reviews and has been tested by many users. Although AirDNA has several popular tools such as MarketMinder and AirDNA Rentalizer, one thing to note is that even though AirDNA offers worldwide data coverage, it isn’t always the best option for other users.

Due to several complaints about AirDNA’s inaccuracy and data quality, people have actually sought AirDNA Alternatives. When choosing an STR analytics tool for your business, it’s always best to look at other people’s experiences and compare each feature to make the best decision.

STR Insights Pricing: Is It Worth The Money?

STR Insights offer monthly, quarterly, and annual subscriptions. Since the features for each subscription are not stated clearly, it can be difficult to gauge if it’s worth the money.

For the price of $194 per month without any assurance on how many markets you can access, it can be a costly mistake. STR Insights’ quarterly subscription costs $449.99, while the annual subscription for $1,599.99.

Let’s face the fact that it is difficult to tell if a city is profitable by looking at a single market alone. So if you are looking to invest in a market, it’s highly recommended to look at the top 5 markets. It’s important to make a comparison for each market and run the numbers to make a wise investment decision.

The cheapest and most accurate STR tool for accessing 5 markets is Airbtics. For the price of $149.99, you can access 5 markets in different regions. Check out the STR insights alternatives available in the market:

STR Insights Review

STR Insights does not have any existing reviews from users, aside from the ones promoted on their website. However, the dashboard can be a bit overwhelming for beginners. And while it provides most of the necessary info for property investment, its accuracy is another question.

Summary: What’s the Best Short-Term Rental Analytics for You?

To sum it up, STR Insights only offers basic Airbnb data services for real estate investors. While it has an ROI calculator that presents the most important data, it’s also limited to accessing markets within the USA region.

In comparison to short-term rental analytics tool like Airbtics, it covers worldwide regions with specific markets that fully covers historical performance data, guest demographics, and more.

If you want to look at more detailed and advanced data which includes seasonality and discover specific neighborhoods, then Airbtics might be the best short-term rental provider for you. You can use the most accurate STR revenue calculator and speed up your game in the industry!

Tags Alternatives

🎉 FREE WEBINAR - July 24th, 11am / 8pm CET - Learn Airbtics in 7 Minutes - Revenue and Market Analysis Tips and Best Practices!

Airbnb Occupancy Rates in Japan: Most profitable cities to invest in!

Airbnb Occupancy Rates in Japan: Most profitable cities to invest in!

Why Invest in an Airbnb Property in Japan?

Japan’s bustling tourist market

Japan’s economy: Leadership in technology and innovation

Buying property as a foreigner in Japan is easy

Is Airbnb legal in Japan?

Airbnb Occupancy Rates in Japan: Top 20 Japanese Cities

1. Matsue

2. Sendai

3. Matsuyama

4. Hakone

5. Saitama

6. Kobe

7. Yokohama

8. Tokyo

9. Kanazawa

10. Nagoya

11. Takayama

12. Fukuoka

13. Nara

14. Beppu

15. Sapporo

16. Chiba

17. Okinawa

18. Nikko

19. Hiroshima

20. Nagasaki

Summary

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Top 10 Places to Start Airbnb Investment near Chicago: Airbnb Investment in 2023

Top 10 Places to Start Airbnb Investment near Chicago: Airbnb Investment in 2023

Introduction

Why invest in an Airbnb in Chicago?

1. Strong Renters Market

2. Strong Economy & Job Growth

3. High Quality of Life

Is Airbnb Profitable in Chicago?

Top 10 Best Areas to Airbnb nearby Chicago

1. Chicago City

2. South Bend

3. Milwaukee

4. Saint Louis

5. Indianapolis

6. Green Bay

7. Ann Arbor

8. Traverse City

9. Cincinnati

10. Louisville, KY

Conclusion

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Where are the Best Airbnb Locations in Arizona? Phoenix Investment Properties in 2023

Where are the Best Airbnb Locations in Arizona? Phoenix Investment Properties in 2023

Introduction

Is Airbnb Profitable in Phoenix?

Why invest in an Airbnb in Phoenix?

1. Booming economy & fastest-growing population in the USA

2. History of Increasing Values

3. Low Vacancy Rates

Top 10 Best Areas to Airbnb nearby Phoenix, AZ

1. Scottsdale

2. Gilbert

3. Mesa

4. Tempe

5. Sedona

6. Tucson

7. Flagstaff

8. Bullhead City

9. Henderson

10. Lake Havasu

Summary

Deeper STR Insights. Broader Investment Opportunities.

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