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Where to Invest in Austin in March 2023: Festivals Edition

Where to invest in Austin

Key Takeaways
  • Austin hosts fascinating events throughout the year that attract a great number of guests, thus, Airbnb hosts can get a fruitful reward from them. Learn about the best areas in this Texas city to invest in rental properties in 2023.
  • Major events like SXSW allows hosts located in Austin to earn a significant profit during the month of March since it draws visitors from all corners of the world as confirmed by Airbnb.

Introduction

The Live Musical Capital of the World, Austin, is the fourth most visited city in Texas state with more than 30M visitors annually. Thanks to this, the tourism industry serves as one of the economic engines for the city. 

Albeit tourism activity suffered a regression during the pandemic but it has been recovering little by little after the restrictions were lifted. Now, more and more business travelers and vacationers, especially music fans, are eager to visit the city once again. 

The capital city of Texas offers great investment opportunities. Whether you want to cater to tourist accommodations or target the student housing market, Austin surely has something that fits your preferences.

As set out above, it’s understandable why investors are interested in targeting Austin’s rental market to get steady revenue from an Airbnb listing. Yet, there are important factors to consider before taking the big step of investing in a property, such as the best places to buy a rental property in Austin

We want to lend you a hand, thus, in this article, we’ll feature important data for you! Learn about the major events that happen during March 2023, how much can you make with an Airbnb listing, and where should you invest in Austin. Continue reading to discover more!

Is Austin a good city to buy a rental property

Based on Airbtics’ data, it’s confirmed that Austin, Texas, is an ideal city for real estate investment. As a matter of fact, an Airbnb host can make an average of $37,969 annually with a steady occupancy rate of 72% just from operating a 1-bedroom property in Austin.

On top of that, we must mention that Austin’s rental market is one of the fastest-growing in Texas and it ranks as the top place for real estate investments in the state. For this reason, it holds amazing opportunities for investors.

What major events does Austin hosts in March? 

Austin hosts exciting major events that draw a great number of music fans. These events provide a significant contribution to the city’s economy, but not only that because it also helps hosts to get a steady Airbnb occupancy rate and a nice annual revenue. 

These major events attract more overnight visitors, particularly during the month of March. A summary of the notable events that real estate investors and hosts should take note of are featured below:

1. South by Southwest 2023 (SXSW)

The SXSW is a world-renowned music festival that hosts performances from iconic artists and also showcases the new generation of musical talents. Around 2,000 artists from over 60 countries are gathered in this exciting festival that lasts for 10 days. 

The SXSW starts on March 10th and ends on March 19th, thus, you may get an idea of how consistent the demand for rentals can be during this period. Most SXSW events are held in downtown Austin, surrounding the Austin Convention Center, Rainey Street, the Paramount Theatre, and the Red River Cultural District.

In fact, based on Airbnb, during the virtual version of this festival that took place in 2022, hosts collectively earned nearly $13M. Therefore, Airbnb hosts can expect a good revenue and occupancy rate during the duration of this festival since there will be many visitors around the city.

Where to invest in Austin

According to Airbtics’ data, an Airbnb host located in Downtown Austin and its surrounding areas can earn an annual revenue of $80,882 for a 2-bedroom property alone. 

A market’s seasonality is important to expect revenue shifts in the Airbnb business. Downtown Austin has a seasonality of 52%, hence, the listing will still get year-round bookings, but an Airbnb host can expect the highest revenue in the month of March. 

2. Rodeo Austin 

Rodeo Austin is also one of the most anticipated events that this city hosts. It’s a traditional rodeo that brings heritage and entertainment to the people while also allowing them to get a first-hand experience of the western culture in Texas. This event is hosted by a non-profit organization with the objective of raising millions for Texas kids.

This lively event lasts for 15 days and is packed with thrilling events. From March 10th to March 25th, the audience can enjoy live music performances in the rodeo arena, cowboy food, livestock shows and the icing on the cake: the bull riding competitions!

Where to invest in Austin

An average host located in the surrounding areas of Rodeo Austin, Northeast Austin, can expect an annual revenue of $44,145 for a 2-bedroom property alone as confirmed by Airbtics’ data. Its seasonality is at 39%, where an Airbnb host can expect the highest revenue in the month of March.

3. Nascar at Cota

For adrenaline lovers, Austin also hosts the exciting Nascar at Cota. This event features America’s biggest racing stars in a weekend action-packed NASCAR party. 

Nascar at Cota takes place from March 24th to March 26th at Circuit of the Americas. The event attracts many racing enthusiasts from all places, thus, hosts can expect to get a consistent demand during this weekend.

Where to invest in Austin

An average host located in the surrounding areas of Circuit of the Americas can earn up to $49,415 annually for a 3-bedroom property as confirmed by Airbtics’ Analytics Tool. 

It was also discovered that the highest revenue within the area last 2022 was in October. The seasonality in this area is a bit high, so Airbnb hosts are expected for revenue shifts. 

4. Austin Spring Tango Festival

Austin’s annual Spring Tango Festival is the perfect place to celebrate the joy and freedom of expression of this iconic Argentine dance. During the past years, this festival has steadily grown and around 400 dancers attend annually. 

The Tango Festival features 3 days of milongas and dancing workshops from top tango Maestros and DJs, so it’s a great place to hone your tango skills.

austin

Based on Airbtics’s data, an average host located in the area of Esquina Tango, Holly, Austin, can make up to $43,303 per year for a 1 bedroom property alone. The seasonality in this area is 57%, and while the listing will get year-round bookings, Airbnb hosts are expected for revenue shifts. 

Where to buy a rental property in Austin, Texas?

While there are many Airbnb host expenses to consider, the most important part is deciding the right location for your property. 

There are various properties in Austin, but you should keep in mind that not all of them can guarantee a good return. This leads you to the most important question, where can you invest in an Airbnb property in Austin? 

Check out the most recommended neighborhoods to do an Airbnb property investment in Austin:

1. Bouldin Creek
  • Airbnb occupancy rate: 70%
  • Average daily rate: $250
  • Airbnb annual revenue: $65,610
  • Best property size: 2 bedrooms
  • Existing Airbnb listings: 216 listings
2. Clarksville
  • Airbnb occupancy rate: 70%
  • Average daily rate: $189
  • Airbnb annual revenue: $56,962
  • Best property size: 1 bedroom
  • Existing Airbnb listings: 156 listings
3. Central East Austin
  • Airbnb occupancy rate: 69%
  • Average daily rate: $288
  • Airbnb annual revenue: $69,623
  • Best property size: 2 bedrooms
  • Existing Airbnb listings: 183 listings

Conclusion

In summary, property investment in Austin can become a great passive income for Airbnb hosts who want to achieve financial freedom. The capital of Texas welcomes a great number of visitors throughout the year and while there are major events that draw people’s attention, Austin still can help hosts to earn a nice revenue annually. 

After discovering where you should invest in Austin, take advantage of the digital era and check out our free short-term rental estimator, comparing Airbnb data from different cities can help you take the best decisions to boost your profitability. Try Airbtics and stand out in the Airbnb world now!

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Airbnb Investment All About Airbnb

Where to invest in Miami in 2023?

Where to invest in Miami? This article answers it with a bonus of WHEN is the time of the year to make the most out of your property!

Where to invest in Miami in 2023?

where to invest in miami

Where to invest in Miami in 2023?

Where to invest in Miami? This article answers it with a bonus of WHEN is the time of the year to make the most out of your property!

If you’d like to know where to invest in Florida, why not consider investing in Miami? The city is known for its sunny weather and beach coasts that have been the set of blockbuster Hollywood movies. But is investing in Miami worth it? Short-term rental data analytics can definitely answer this. 

You’ll learn the city’s best neighborhoods for Airbnb so you can bask in Miami heat knowing that you’ve made the right investment choice. Continue reading this blog to know more. 

Is Miami a good place to buy a rental property?

Of course! Based on Airbtics Dashboard, Miami has 5,059 Airbnb listings with an average annual revenue of $27,972 and a 41% occupancy rate. Hosts owning three-bedroom properties can earn $38,880 yearly with a 34% occupancy rate. You’ll get this data by using Airbtics’ Advanced Filters.

You can also rest assured that your rental property is in a good economy–the best one in Florida. Miami also boasts a meager unemployment rate of 1.9%.

Where to Invest in Miami
Where to invest in Miami?

On the same page, you can see that the Miami Airbnb market has a low seasonality of 30%. This means that the short-term rental demand in the city is relatively stable, instead of experiencing fluctuations during peak and low seasons throughout the year.

Where to invest in Miami? Best Neighborhoods

Where to Invest in Miami for a Successful Airbnb?

Let rental analytics lead you to a profitable Miami Airbnb investment! Luckily for you, Airbtics’ Insights Tool is so easy to use. Simply type in “Miami” or any other city of your choice. 

airbtics-logo-300x87
Location Number of Airbnb Listings Best Number of Bedrooms Median Property Price Airbnb Annual Revenue GRY
Wynwood 314 4 Bedrooms $1,357,500 $184,937 13.62%
Little Haiti 128 5 Bedrooms $924,500 $153,047 16.55%
Brickell 165 1 Bedroom $600,000 $73,555 12.26%
Edgewater 247 Studio Unit $340,000 $35,015 10.30%
Coconut Grove 414 Studio Unit $255,000 $31,165 12.22%
Downtown 1,518 Studio Unit $444,500 $31,112 7%

Airbnb Location

Airbnb Dataset

  • Total Number of Airbnb Listings: 314
  • Best Number of Bedrooms: 4 bedrooms
  • Median Property Price: $1,357,500
  • Airbnb Annual revenue: $184,937
  • Gross Rental Yield: 13.62%
  • Total Number of Airbnb Listings: 128
  • Best Number of Bedrooms: 5 bedrooms
  • Median Property Price: $924,500
  • Airbnb Annual revenue: $153,047
  • Gross Rental Yield: 16.55%
  • Total Number of Airbnb Listings: 165
  • Best Number of Bedrooms: 1 Bedroom
  • Median Property Price: $600,000
  • Airbnb Annual revenue: $73,555
  • Gross Rental Yield: 12.26%
  • Total Number of Airbnb Listings: 265
  • Best Number of Bedrooms: Studio Unit
  • Median Property Price: $340,000
  • Airbnb Annual revenue: $35,015
  • Gross Rental Yield: 10.30%
  • Total Number of Airbnb Listings: 414
  • Best Number of Bedrooms: Studio Unit
  • Median Property Price: $255,000
  • Airbnb Annual revenue: $31,165
  • Gross Rental Yield: 12.22%
  • Total Number of Airbnb Listings: 1,518
  • Best Number of Bedrooms: Studio Unit
  • Median Property Price: $444,500
  • Airbnb Annual revenue: $31,112
  • Gross Rental Yield: 7%

Source: Airbtics Dashboard

Best Miami Airbnb Investment Found the Smart Way

Short-term rental data analytics has just led investors to their potential Airbnb markets in Miami by providing the most useful insights that will guide them toward financial freedom. Airbtics has shown us where to invest in Miami along with key Airbnb metrics such as revenue potential, best property size, and total number of short-term rental listings. 

Wanna know the profitability of your dream investment property in other profitable US rental markets?? Why not check out free Airbnb profit estimator and see if it will fulfill your dreams!

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