Last updated on June 22nd, 2023
If you are looking to invest in an Airbnb property in Florida, particularly in Jacksonville, this article is for you! Florida is one of the booming short-term rental areas and it was also recently recognized to be part of the most profitable Airbnb cities in the USA this summer of 2022.
There’s no doubt that the best places to Airbnb in Florida are generating thousands of dollars for property owners and investors. Because of this, there are also various investment opportunities that one should consider – especially in Jacksonville!
Continue reading to learn more about Airbnb rules in Jacksonville and check out the profitability in this city.
Is Airbnb legal in Jacksonville?
Let’s cut the story short: Yes, Airbnb is certainly legal in Jacksonville! With over 850 square miles of serene beaches and tourist attractions, this city is pretty much occupied with over 23.3 million visitors annually.
Jacksonville is vastly popular for its Museum of Contemporary Art, State Parks, Timucuan Ecological and Historical Preserve, and other tourist attractions.
Here is a little proof! As of July 2022, there are 15,123 nights available in Jacksonville from Airbnb alone. Mark manages 57 listings, while Eric and Andrew & Melody operate 39 and 31 respectively.
How much can I make by running an Airbnb in Jacksonville?
Currently, there are 1,125 Airbnb listings in Jacksonville, with 59% of entire houses earning up to $2,204 a month. The Average Occupancy Rate in Jacksonville is 61% and the average daily rate is $86. According to vacation holiday properties market data source Airbtics, a 2-bedroom apartment in Jacksonville can make up to $24,714 each year. Check out our Short-Term Rental Income Calculator and discover how much you can make on Airbnb!
What Are The Short-term Rental Accommodation Policies in Jacksonville?
- Short-term vacation rentals are permitted in zoning districts in Florida where residential uses are permitted.
- If you are a property owner or a licensed agent for a property management company, you must apply for a short-term vacation rental certificate for every property being used as a short-term vacation rental.
- All existing short-term vacation rentals that require a certificate are required to make an application to the City of Jacksonville Beach. You can register your short-term rental property to the planning and development department at city hall located at 11 3rd Street North.
- If you are an owner-occupied dwelling with a unit renting 50% or less, you are not subject to the short-term vacation rental regulations. However, registration with county and state taxing authorities is still required.
Is Jacksonville A Profitable Area to Invest In?
If you’re worried about spending thousands of bucks to purchase a property, the good news is you have an option of not owning one. This is because there are many property investors who enjoy doing rental arbitrage in Florida as a passive income!
Based on recent Airbnb statistics in Florida East Coast Beaches, Jacksonville’s occupancy rate has increased from 59% in 2021 to 76% this year. These Airbnb metrics are important in order to expect potential revenue and avoid losing hard-earned money. Before starting an Airbnb business, getting to know your preferred area’s occupancy rates, average daily rates, and annual revenue are important to achieve success.
By using an accurate short-term rental calculator, you’ll be able to confirm if Jacksonville is a good place for investment! In the digital era, it’s easy to discover your estimated annual revenue and high-return investment opportunities in Jacksonville.
Source: Airbtics Dashboard
Jacksonville’s Property Market 2022
Based on a recent report of Jacksonville’s rental market trend in 2022, there is a 19% price increase in comparison to the previous year. Despite this fact, more and more tenants are still interested in renting properties for passive income in Jacksonville.
Source: Jacksonville Rental Market
Here are some of the most recommended neighborhoods that you can look into & consider purchasing based on Airbtics estimator:
| Suburbs | Average House Price (3bd apartments) | Average Rent Price | Average Airbnb Revenue |
|---|---|---|---|
| Riverside | $325,000 | $1,885 | $3,766 |
| Springfield | $475,000 | $1,495 | $3,794 |
| Downtown | $588,000 | $2,530 | $3,630 |
Source for Property Price: Properties in Jacksonville
Conclusion
In general, considering the Airbnb rules & regulations in Jacksonville will help your Airbnb business to run smoothly! Aside from the fact that this is a passive income for various hosts, starting an Airbnb business is also a way to enjoy life and connect with new people from all over the world. Try Airbtics now and make the wisest investment decisions!
