Last updated on February 28th, 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 Florida Cities for Airbnb Investment: Airbnb’s Trending Cities
Based on a recently released article about Airbnb’s top cities this summer of 2022, guests have searched for domestic summer destinations in the USA with over 10,000 searches. 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 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 because of the numerous 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 area attracts numerous tourists 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 are financially limited to purchasing your own property, don’t worry. You can still earn a passive income in two words: Rental Arbitrage!
This refers to 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.
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 $197 for a studio-type apartment in Miami with a steady occupancy rate of 65%. 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.
Top 10 Most Profitable Cities & Neighborhoods for Airbnb 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!
Using Airbtics’ market analysis, we were able to get a grasp of Airbnb demand in Florida accurately and filtered the top 10 most profitable cities:
1. Key West
- Occupancy Rate: 78%
- Annual Revenue: $119,130
- Average Daily Rate: $427
Based on Airbtics’ analytics tool, the best neighborhood in this area is Duval Street, which has the same average occupancy rate of 81%. An average Airbnb host can earn an average daily rate of $454 in this neighborhood!
2. Four Corners
- Occupancy Rate: 77%
- Annual Revenue: $68,776
- Average Daily Rate: $208
Based on Airbtics’ analytics tool, the best neighborhood in this area is Windsor Hills, which has an average occupancy rate of 85%. An average Airbnb host can earn an average daily rate of $197 in this neighborhood!
3. Cape San Blas
- Occupancy Rate: 68%
- Annual Revenue: $76,296
- Average Daily Rate: $245
Based on Airbtics’ analytics tool, the best neighborhood in this area is Salinas Park, which has the same average occupancy rate of 65%. An average Airbnb host can earn an average daily rate of $236 in this neighborhood!
4. Cape Coral
- Occupancy Rate: 67%
- Annual Revenue: $54,107
- Average Daily Rate: $117
Based on Airbtics’ analytics tool, the best neighborhood in this area is Pelican, which has an average occupancy rate of 71%. An average Airbnb host can earn an average daily rate of $193 in this neighborhood!
5. Fort Lauderdale
- Occupancy Rate: 68%
- Annual Revenue: $49,392
- Average Daily Rate: $184
Based on Airbtics’ analytics tool, the best neighborhood in this area is Victoria Park, which has an average occupancy rate of 63%. An average Airbnb host can earn an average daily rate of $143 in this neighborhood!
6. Miami
- Occupancy Rate: 68%
- Annual Revenue: $45,451
- Average Daily Rate: $179
Based on Airbtics’ analytics tool, the best neighborhood in this area is Downtown Miami, which has an average occupancy rate of 66%. An average Airbnb host can earn an average daily rate of $244 in this neighborhood!
7. Daytona Beach
- Occupancy Rate: 71%
- Annual Revenue: $27,501
- Average Daily Rate: $98
Based on Airbtics’ analytics tool, the best neighborhood in this area is Delaney Park, which has an average occupancy rate of 54%. An average Airbnb host can earn an average daily rate of $184 in this neighborhood!
9. Mexico Beach
- Occupancy Rate: 68%
- Annual Revenue: $56,317
- Average Daily Rate: $194
Based on Airbtics’ analytics tool, the best neighborhood in this area is Highland View, which has an average occupancy rate of 56%. An average Airbnb host can earn an average daily rate of $252 in this neighborhood!
10. Walton County
- Occupancy Rate: 57%
- Annual Revenue: $54,043
- Average Daily Rate: $227
Based on Airbtics’ analytics tool, the best neighborhood in this area is Miramar Beach, which has an average occupancy rate of 46%. An average Airbnb host can earn an average daily rate of $345 in this neighborhood!
General Overview
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 rapidly increasing and constantly changing for each city in the world, it is crucial 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 other cities with high occupancy rates!
Hence, an accurate data analytics tool can help your business stand out among your surrounding 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!
Robyn is a passionate content writer about short-term rentals and is dedicated to research & sharing property investment strategies and analysis worldwide. She is a graduate of Alliance Française de Manille, a songwriter, an animal advocate, and an avid fan of The Beatles since birth.
