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 >
Discover the best Airbnb locations in Arizona for real estate investors in 2023! This article features profitable Airbnb cities near Phoenix
Key Takeaways
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.
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%.
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:
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.
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.
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
Check out the best areas for Airbnb investment in areas and annual income property near Phoenix, AZ:
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).
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
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).
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).
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).
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).
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).
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).
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).
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).
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.
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.
Girona| Ingresos Airbnb y Rentabilidad Airbnb | España Girona Ingresos Airbnb y Rentabilidad AirbnbEspaña ¿Es rentable hacer Airbnb en Girona? ¿Cuál es la tasa de …
Ronda| Ingresos Airbnb y Rentabilidad Airbnb | España Ronda Ingresos Airbnb y Rentabilidad AirbnbEspaña ¿Es rentable hacer Airbnb en Ronda? ¿Cuál es la tasa de …
Foresthill, California| Airbnb Market Data & Overview | USA Foresthill, California Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Foresthill, …
Winchester, Massachusetts| Airbnb Market Data & Overview | USA Winchester, Massachusetts Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Winchester, …
McAlester, Oklahoma| Airbnb Market Data & Overview | USA McAlester, Oklahoma Airbnb Market Data & Overview USA Is it profitable to do Airbnb in McAlester, …
Arequipa| Airbnb Market Data & Overview | Peru Arequipa Airbnb Market Data & OverviewPeru Is it profitable to do Airbnb in Arequipa, Peru? What is …
© 2024 Airbtics, LLC. All rights reserved. Airbtics is a trademark of Airbtics, LLC.
Shares
Get Access to our weekly data-driven airbnb report!