Last updated on June 21st, 2023
best places to airbnb in san diego
Key Takeaways
- San Diego offers a booming job market that attracts many young professionals. In addition to this, it has a strong tourist market that has helped Airbnb hosts to earn a nice passive income by owning rental properties.
- Learn about the advantages that real estate investors have when investing in San Diego, CA.
- We will also reveal the 10 best neighborhoods and nearby cities in San Diego along with their recommended property type and Airbnb dataset.
Introduction
San Diego enjoys a privileged location on the Pacific Ocean coast of Southern California. Thanks to this, it offers great sunny weather and marvelous beaches, making it a perfect destination to add to your travel itinerary.
As one of the top cities to start Airbnb in the USA, San Diego is a fascinating place for tourists and professionals alike. This makes it great for real estate investors who want to earn a passive income with rental properties. In addition to this, San Diego is also one of the best places to do Airbnb in California!
But you may want to dive deeper and figure out which is the most profitable place for Airbnb property investment in San Diego – so let us lend you a hand!
In this article, we feature the best places to Airbnb in San Diego, California and some of the expectations for rental properties in this city. Interested to learn more? Continue reading!
Advantages of buying a rental property in San Diego
Investing in Airbnb in San Diego real estate is a recommended way of earning a passive income since it offers a good return on investment to Airbnb hosts. San Diego offers different leisure activities and picturesque beaches that will take your breath away. But what kind of advantages does this city offer to investors? Check out some of the reasons why doing real estate investment in San Diego is a good idea:
Growing job market
Many major companies as well as startups are located in San Diego and its surroundings. Thanks to this, the city has a strong economy with a job market that is steadily growing. It also attracts many young professionals that are looking for great job opportunities. Currently, the city has an unemployment rate of 2.7% which is lower than the national average of 6%.
Tourists love San Diego
It’s a given fact that San Diego is a major tourist destination in California, thus, the tourism industry contributes a lot to this city’s economy. As a matter of fact, San Diego welcomes over 35M travelers every year! So property investors who are looking to cater to tourist accommodations will find it great that every month a great number of visitors come to this vibrant city to experience its fun recreational activities.
It is a safe city
Crime is something that can happen at the least expected moment. Hence, worrying about whether your preferred location is safe or not is a must! So you can avoid them from happening or even be prepared for any outcome. While San Diego is a large city with a bustling tourist market, it’s quite safe since its crime rate is 23 per 1,000 residents and the chance to become a victim of property crime is 1 in 52.
Is Airbnb Profitable in San Diego, CA?
Are you wondering whether your real estate investment in San Diego would be profitable or not? Airbtics assures you that investing in an Airbnb property in San Diego is lucrative. However, you should note that the level of profitability depends on the property type and location.
According to Airbtics’ data, an Airbnb host can expect an average annual revenue of $107,662 and a median occupancy rate of 77% for operating a 3-bedroom property in San Diego.
Top 10 Areas for Real Estate Investment near San Diego, CA
San Diego is the eighth-largest city in the US and the second in the state of California. It has more than 100 lively neighborhoods, hence, it’s understandable if you’re having a hard time choosing the best place to set up your Airbnb listing in San Diego.
Check out the best neighborhoods and nearby cities in San Diego that are highly recommended for starting an Airbnb business:
1. Middletown, San Diego
- Total Number of Airbnb Listings: 79
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $795,000
- Airbnb Annual revenue: $143,940
- Gross rental yield: 18.11%
2. Mission Hills, San Diego
- Total Number of Airbnb Listings: 126
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $1,024,000
- Airbnb Annual revenue: $150,465
- Gross rental yield: 14.69%
3. North Park, San Diego
- Total Number of Airbnb Listings: 301
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $979,000
- Airbnb Annual revenue: $102,492
- Gross rental yield: 10.47%
4. Mission Valley, San Diego
- Total Number of Airbnb Listings: 110
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $900,000
- Airbnb Annual revenue: $91,149
- Gross rental yield: 10.13%
5. Downtown San Diego
- Total Number of Airbnb Listings: 731
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $799,990
- Airbnb Annual revenue: $84,664
- Gross rental yield: 10.58%
6. Carlsbad, CA
- Distance from San Diego: 29 miles
- Total Number of Airbnb Listings: 479
- Best bedroom size: 2 bedroom
- Median property price (2 bedroom): $780,000
- Airbnb Annual revenue: $91,568
- Gross rental yield: 11.73%
7. Oceanside, CA
- Distance from San Diego: 35 miles
- Total Number of Airbnb Listings: 677
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $799,999
- Airbnb Annual revenue: $127,203
- Gross rental yield: 15.90%
8. La Quinta, CA
- Distance from San Diego: 83 miles
- Total Number of Airbnb Listings: 699
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $699,000
- Airbnb Annual revenue: $99,435
- Gross rental yield: 14.22%
9. Palm Springs, CA
- Distance from San Diego: 83 miles
- Total Number of Airbnb Listings: 2,093
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $995,000
- Airbnb Annual revenue: $127,725
- Gross rental yield: 12.83%
10. Indio, CA
- Distance from San Diego: 89 miles
- Total Number of Airbnb Listings: 381
- Best bedroom size: 5 bedrooms
- Median property price (5 bedrooms): $639,000
- Airbnb Annual revenue: $200,213
- Gross rental yield: 31.28%
Takeaway
San Diego has a variety of property options as well as profitable areas that offer a nice cash-on-cash return to real estate investors. While there are plenty of neighborhoods and nearby cities in San Diego with great rental yields and annual revenue, it is worth noting that you should still analyze your options thoroughly.
Now that you discovered the best places to Airbnb in San Diego, California, jump ahead and check Airbtics’ Airbnb profit estimator. Take the next step to maximize your profitability while you also stand out among your competitors!
