Last updated on August 29th, 2023
Best Places to Airbnb in Florida: Looking for the best profitable Airbnb areas in Florida? Check out the top cities where investors get the highest occupancy rates and more!
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Best Places to Airbnb in Florida
Best Places to Airbnb in Florida
Looking for the best profitable Airbnb areas in Florida? Check out the top cities where investors get the highest occupancy rates and more!
- Last updated on
- August 29, 2023
Before investing in a property in Florida, it’s important to analyze your options and gauge your profitability based on Airbnb’s key metrics. In this article, we’ll feature the top 10 best areas for Airbnb in Florida along with their respective occupancy rates, monthly & yearly revenue, average daily rates (ADRs), and so much more!
Best Places to Airbnb in Florida: Airbnb’s Trending Cities
Based on a recently released article about Airbnb’s top cities this summer of 2023, guests have continued to search for domestic summer destinations in the USA.. This simply means that vacationers are super ready to spend money and have fun under the sun! The travel demand has continuously recovered in comparison to pre-pandemic data.
Here’s an interesting fact about the domestic: In the top Airbnb cities in America: 6 out of 10 cities are located in Florida!
Is Airbnb Profitable in Florida?
Based on our recent Airbnb statistics in Florida, particularly in the East Coast area, an average 1 BD / BA condo has a steady 52% occupancy rate and can generate $2,950 monthly! Short-term rentals in Florida can definitely be a source of passive income due to the high number of tourists visiting annually.
To cut the story short, Airbnb is definitely profitable in Florida! For instance, based on an Airbnb income calculator, you can earn a whopping $108,888 annually in Cape San Blas alone! Known as America’s best state park, this city attracts high tourism as it boasts 1,900 acres of preserved wilderness.
Not yet convinced? Feel free to listen to our complete walk-through on how to start your rental arbitrage journey in Florida.
Rental Arbitrage in Florida
If you want to start an Airbnb investment in Florida but can’t purchase your own property yet, don’t worry. You can still earn a passive income via Rental Arbitrage!
This is the practice of renting out properties for the sole purpose of sub-letting them on platforms such as Airbnb or HomeAway.
It may be a challenge to find landlords for Airbnb rental arbitrage since there are certain restrictions in other areas and other landlords simply do not allow it due to insurance policies. In addition to this, you also have to consider major factors in starting a rental arbitrage business in your preferred city. This includes rules & regulations, where to find the most profitable area, & how to find rental arbitrage properties.
Is Rental Arbitrage Legal in Florida?
Rental Arbitrage in Florida is certainly legal and there are ways to predict your listing’s profitability. For instance, a short-term rental analytics tool can assure your nightly revenue of $125 for a studio-type apartment in Miami with a steady occupancy rate of 51%. These Airbnb key metrics should be strictly monitored as your business’ profitability depends on them!
Given the fact that Florida is an ideal investment destination for property investors, you can always have the option to do Rental Arbitrage in Florida and earn money while you’re saving up to own a property.
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Top 10 Most Profitable Airbnb Locations in Florida
Florida offers huge investment opportunities for property investors. So, we went ahead and did the heavy work for you! Oftentimes, the struggle is targeting an entire city but missing out on a particular neighborhood that has an even greater chance of profitability! So, be prepared as we show you only the best of the best places to Airbnb in Florida!
Using Airbtics’ market analysis, we were able to get a grasp of Airbnb demand in the entire state accurately and filtered the top 10 most profitable Airbnb locations in Florida:
1. Key West
- Occupancy Rate: 47%
- Annual Revenue: $80,311
- Average Daily Rate: $407
Based on Airbtics’ analytics tool, the best neighborhood in this area is Duval Street. It has an average occupancy rate of 30%. An Airbnb host in this neighborhood can earn an average daily rate of $541!
2. Four Corners
- Occupancy Rate: 52%
- Annual Revenue: $48,768
- Average Daily Rate: $245
Based on Airbtics’ analytics tool, the best neighborhood in this area is Windsor Hills. It has an average occupancy rate of 58%. An Airbnb host in this neighborhood can earn an average daily rate of $240!
3. Cape San Blas
- Occupancy Rate: 58%
- Annual Revenue: $84,141
- Average Daily Rate: $385
Based on Airbtics’ analytics tool, the best neighborhood in this area is Salinas Park. It has an average occupancy rate of 48%. An Airbnb host in this neighborhood can earn an average daily rate of $350!
4. Cape Coral
- Occupancy Rate: 50%
- Annual Revenue: $40,992
- Average Daily Rate: $223
Based on Airbtics’ analytics tool, the best neighborhood in this area is Pelican. It has an average occupancy rate of 49%. An Airbnb host in this neighborhood can earn an average daily rate of $239!
5. Fort Lauderdale
- Occupancy Rate: 42%
- Annual Revenue: $30,881
- Average Daily Rate: $199
Based on Airbtics’ analytics tool, the best neighborhood in this area is Victoria Park. It has an average occupancy rate of 35%. An Airbnb host in this neighborhood can earn an average daily rate of $151!
6. Miami
- Occupancy Rate: 41%
- Annual Revenue: $27,972
- Average Daily Rate: $187
Based on Airbtics’ analytics tool, the best neighborhood in this area is Downtown Miami. It has an average occupancy rate of 36%. An Airbnb host in this neighborhood can earn an average daily rate of $237!
7. Daytona Beach
- Occupancy Rate: 43%
- Annual Revenue: $18,935
- Average Daily Rate: $120
Based on Airbtics’ analytics tool, the best neighborhood in this area is Delaney Park. It has an average occupancy rate of 66%. An Airbnb host in this neighborhood can earn an average daily rate of $126!
9. Mexico Beach
- Occupancy Rate: 61%
- Annual Revenue: $67,637
- Average Daily Rate: $255
Based on Airbtics’ analytics tool, the best neighborhood in this area is Highland View. It has an average occupancy rate of 63%. An Airbnb host in this neighborhood can earn an average daily rate of $266!
10. Walton County
- Occupancy Rate: 57%
- Annual Revenue: $71,979
- Average Daily Rate: $339
Based on Airbtics’ analytics tool, the best neighborhood in this area is Miramar Beach. It has an average occupancy rate of 63%. An Airbnb host in this neighborhood can earn an average daily rate of $271!
STR Analytics to find the Best Places to Airbnb in Florida!
Now that you have a deeper understanding of which particular area to target in Florida and some of the major Airbnb metrics to consider, don’t miss out on greater opportunities! Since Airbnb is constantly changing in every city in the world, it is crucial not to make decisions based on wild guesses. The data points mentioned in this article such as Airbnb occupancy rates per city, annual revenue, and average daily rates should be your basis for investing in properties in Florida – or any other cities with high occupancy rates!
Hence, an accurate data analytics tool can help your business stand out among your direct competitors and benchmark your property by tracking the occupancy rates of competing listings in your preferred city. With the help of our all-in-one analytics service, you can vastly enhance your monthly revenue, create a comparison for each neighborhood, add the appropriate amenities and so many more exciting features. Try Airbtics today and think of long-term profitability!
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