Source: RentCafe

3. Tourists love St. Louis!

It’s a given fact that St. Louis is a beautiful city with a vibrant music scene that has a lot to offer, thus many travelers visit it every year (around 25M annually). That’s of course great info for investors that are interested in investing in tourist accommodations here!

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

Now that we know the advantages of investing in St. Louis, 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!

• High Crime Rates & Homelessness

Like any other city, St. Louis also has some flaws and here, we need to mention its high crime rates as this city is already well-known for it. Crime statistics are especially high in the northern suburbs of St. Louis than in the southern ones. Thus, probably you will prefer to look for properties located in the southern area of the city.

Best Neighborhoods for Airbnb in St. Louis

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

1. Tower Grove South

• Annual Revenue: $31,646
• Occupancy Rate: 85%
• Average Daily Rate: $86

 2. Soulard

• Annual Revenue: $31,515
• Occupancy Rate: 78%
• Average Daily Rate: $101

3. Central West End

• Annual Revenue: $27,293
• Occupancy Rate: 71%
• Average Daily Rate: $91

Is Property Investment Profitable in St. Louis City Centre?

Using an Airbnb profit estimator, it was discovered that a 2-bedroom apartment in St. Louis City Centre can generate an annual revenue of $35,625 with a steady occupancy rate of 75% and a nightly rate of $121.