Why Should You Consider Buying An Airbnb in St. Augustine?

Also known as the “Ancient City”, St. Augustine blends Spanish Renaissance facades with historic Victorian houses in a unique and enchanting way that it’s almost impossible to not fall in love with it.  Here are some of the major reasons why you should consider buying a property for Airbnb in St. Augustine:

1. The oldest city in the US

St Augustine is the oldest nation city and for this, it became one of the major tourist destinations in Florida. Thanks to this, this city draws a great number of local and international travelers that are interested in exploring this amazing destination. Thus, if you’re interested in tourist accommodations, there’s no doubt that you will like St Augustine.

2. Properties are affordable

Usually, one of the first things that investors consider when looking for a city to invest in is real estate market affordability. Considering that St Augustine is a major tourist destination, its property prices are somewhat attractive, with the median value being $480K with a 1-year change of 1%.

What are the cons of buying an Airbnb property in St. Augustine?

Now that we know the advantages of investing in St. Augustine, let’s move on and take a quick look at the cons. It’s always better to look at the two sides of each coin in order to properly set your expectations!

1. High property crime rate in specific areas

Safety is certainly a factor that investors should consider when looking for a place to invest in. St Augustine can be a pretty charming city, but its property crime rate speaks otherwise as it’s 49% higher than the national average. It will be best to analyze calmly what neighborhood you should target and while you are on it, it would be ideal to also look for a reliable home security system.

2. Severe storms and hurricane risk

While Florida generally has warm temperatures throughout the year, this doesn’t mean that it’s not prone to face natural disasters. In St Augustine, residents and visitors will enjoy the proximity to the Atlantic Ocean, but they can also expect to face some natural hazards such as severe storms and hurricanes during the months of June-November. 

Why Invest in a Property in San Francisco?

San Francisco is home to many iconic landmarks such as the Golden Gate, Pier 39, Alcatraz and Fisherman’s Wharf! On top of that, You will have the opportunity to experience the lively environment, delicious dishes and different leisure activities. But what else is there to know? Here are some of the major reasons why you should consider buying a property for Airbnb in San Francisco:

1. San Francisco’s economic growth

San Francisco is a big corporate city as well as one of the fastest-growing cities in the State. The city is home to many large corporate employers and startups that allow it to enjoy a strong economy with a booming job market, in fact, the city has an unemployment rate of 2.0% which is lower than the nation’s average (6.0%).

2. Iconic tourist destination

The tourism sector of San Francisco is an important contributor to the economy here and the good thing is that it’s steadily growing. Based on San Francisco Travel report, the city welcomed over 14.8M in 2021. This info surely will draw the attention of investors who want to cater to tourist accommodations. 

3. San Francisco and its diversity

Considered one of the 15 most diverse cities in the US, San Francisco welcomes everyone with an open mind warmly. The city has an ethnically diverse population as well as progressive values, making anyone feel at home as soon as they arrive here. Plus, they host the largest and oldest pride parades in June, which attracts many locals and visitors alike. 

Expectations When Buying A Property in San Francisco

Aside from the pros of investing in a property in San Francisco, 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. High cost of living & expensive real estate

While San Francisco has many positive aspects, sadly, not everything can be perfect. If we talk about the average cost of living and the real estate market, this city stands out, but not in a good way. The cost of living is 94% higher than the national average, quite shocking, right? Moreover, the median property price will also make you think twice before investing here because the current value is above $1.4M.

2. Traffic is a nightmare

We all may agree if I say that getting stuck in traffic is a headache and you can expect that in San Francisco, things like this can become quite overwhelming. Drivers lose around 97hrs in congestion per year here and currently, it ranks eighth among the top 10 cities in North America with the worst traffic.

Best Neighborhoods for Airbnb in San Francisco

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