We live in a time when wanderlust meets entrepreneurship, and the short-term rental industry has become a lucrative means for real estate investors wanting to benefit from the booming travel and tourism industry. 

From homey cabins found at the heart of natural landscapes to chic modern apartments in bustling city centers, Airbnb has enhanced the experience of many travelers worldwide. This is why it isn’t surprising that savvy investors turn to this user-friendly platform as an opportunity to generate a substantial income.

In this article, we will sweep through the United States to cover the best states to buy rental property for Airbnb. So whether you’re a seasoned real estate investor aiming to diversify your portfolio or a budding newbie having already mustered the courage to do short-term rentals, this article will serve as your roadmap to Airbnb success.  So, join us as we explore the lucrative Airbnb opportunities in the land of stars and stripes!

Our Methodology: How did we come up with the 10 Best States?

We began by collecting comprehensive short-term rental data on the profitability of investment properties using the Airbtics Dashboard. This powerful tool provides invaluable insights into the performance of short-term rental listings.

These include the markets’

• average occupancy rates,
• nightly rates
• annual revenues
• gross rental yield
• revenue per property size
• seasonality
• active listings (both VRMs & Hosts)

All these are crucial for assessing the potential return on Airbnb investments. 

3. Georgia

• Median Property Price – $367,500
• Median Days on Market – 28
• Price / Square Foot – $216.30
• Average Nightly Rate – $191
• Annual Revenue – $47,562
• Gross Rental Yield – 10.65%

A lot of Airbnb investors have been reaping the benefits of southern hospitality, a trait that Georgia is known for. The local real estate market is just as welcoming as the state itself. Lower than the national average, its median property price is $367,500. This price allows investors to achieve a quicker return on their Airbnb investment. 

Best Airbnb Markets in Georgia in 2023

• Bristol can be an attractive city for investors who are looking to invest in a profitable rental market because it offers high rental yields and a varied real estate market that can fit almost all needs and budgets.
• With the help of the Airbtics analytics tool, we could discover the top buy-to-let areas in Bristol along with other important data such as the best number of bedrooms you can get, average Airbnb revenue, gross rental yields, and more.

Introduction

The dynamic city of Bristol is located in the South West of England and lies in a limestone area that gives this destination a striking hilly landscape with panoramic views over the Avon River. 

We can’t deny Bristol’s beauty and charm since it has a rich history that dates back to the Roman era, diverse architecture, and a fascinating art and cultural scene. In addition, the city is an important educational, cultural, and technological center. This allows the city to enjoy a steady demographic growth which consequently opens the doors to a high housing demand. 

But before buying an investment property in Bristol, it’s important to do a throughout market analysis and set clear goals to guarantee your Airbnb investment success. Thus, one of the first things you should consider is the property location. 

In this article, with the help of Airbtics Dashboard, we gathered the best areas in Bristol to invest in Airbnb. As a bonus, we will also reveal some reasons why you should consider doing a property investment in this city. Stoked to learn more? Then continue reading!

Why should you consider investing in buy-to-let properties in Bristol?

Investing in buy-to-let properties in Bristol is truly a great way to generate a nice rental income while it will also help you to move toward the path of the desired financial freedom. Yet, doing in-depth market research is crucial when thinking about investing in Airbnb. For this reason, it’s important to consider the advantages that the rental market of your target city can offer to property investors.

If you’re aiming for Bristol’s real estate market, then make sure to check out some of the reasons why doing a property investment in this city is a convenient idea:

• Strong housing demand

Bristol is a city with a strong job market, a great student population, and a high influx of tourists each year, so it’s understandable that is a great place for property investments. 

While the median house price in Bristol is actually higher than the national average, currently at £397,435, property investors can still benefit from the strong rental demand and occupancy that the city offers.

• Solid economy
  

Bristol owns a prosperous economy with a diversified job market that allows the city to experience positive population growth. There’s a plethora of employment opportunities for young professionals, especially in sectors like aerospace and advanced engineering, financial services, life sciences, tech, and digital media among others.

• Enjoy the best living conditions

It’s known that Bristol is a multicultural destination surrounded by a dazzling natural landscape that can make anyone feel at home as soon as they step foot in the city. Moreover, Bristol is regarded as one of the best places to live in the UK thanks to the amazing living conditions that it offers to its residents and visitors alike.

From high-quality amenities to modern infrastructure, Bristol is truly a city where people can enjoy a great quality of life. In addition, Bristol is also considered an important higher educational center in England. This means that there’s a huge student population. Hence, investors looking to make a student accommodation investment in Bristol can look favorably at the rental market in Bristol. 

• Bristol is a culturally attractive city

Picture yourself walking through the streets of a vibrant city that is renowned for its fascinating artistic and cultural atmosphere while enjoying the best leisure attractions. You can easily experience that exciting scene in Bristol as there is no lack of things to do, either at night or by day. 

Explore countless museums, art galleries, theaters, and other entertainment venues of Bristol, or enjoy some of the lively festivals hosted in the city. You can also enjoy a cup of coffee in a chic cafeteria or an exquisite dish in one of the excellent restaurants, then you can take a break enjoying the magnificent sights that this city offers with its eclectic architecture.

Is Airbnb a profitable business in Bristol?

Managing a successful Airbnb listing that can provide a favorable cash-on-cash return is not as impossible as you think it sounds, especially if you’re aiming to become a host in Bristol! Airbtics confirms that short-term lets in Bristol can help investors like you generate a nice passive income by listing a property on Airbnb. 

If you’re still having doubts about how profitable can Bristol be let us share a bit of this city’s data. According to Airbtics’s Airbnb calculator, Airbnb hosts can earn an average annual revenue of £39,653 with a median occupancy rate of 59% for operating a 2-bedroom apartment in Bristol.

Source: Airbtics Dashboard

3 Best Cities Near Bristol to Invest in Airbnb

• The rental market in Birmingham offers plenty of investment opportunities to investors who want to cater to holiday lets and student accommodations. Thanks to this, many Airbnb hosts were able to obtain a good cash-on-cash return.
• Using the dynamic data provided by Airbtics, we could gather the best buy to let areas in Birmingham. We will also feature the best property types you can get, their estimated annual revenue, gross rental yields and more.

Introduction

The second biggest city in the UK, Birmingham, is located in West Midlands, England, and is beautifully surrounded by the Lickey, Clent and Walton hills in the southwest area. This vibrant city is known for its history as it played an important role during the industrial revolution and also for being an iconic commercial center.

With plenty of places of interest and a fascinating cultural and architectural heritage, Birmingham is an exciting destination to visit and has nothing to envy other cities. On top of that, Birmingham offers attractive property investment opportunities that can easily draw real estate investors’ attention.

But before taking a significant step in this journey, investors should do an exhaustive investigation and set clear goals in order to make informed decisions that will guarantee their investment success. This is an essential consideration that must not be missed, especially if you’re aiming to start an Airbnb business in the UK, particularly in Birmingham. 

So you may be wondering “where should I invest in Birmingham?” – Let us lend you a hand! 

In this article, we will reveal the best areas to invest in Birmingham along with some of the main reasons why you should consider investing in a rental property in this city. Have we gotten your attention? Then you should keep reading!

Why should you consider investing in rental properties in Birmingham?

Birmingham is an attractive city filled with unique experiences as well as investment opportunities that can entice property investors easily. However, it’s always good to consider the advantages the real estate market can offer to real estate investors to get a better overview of the city’s conditions.

Make sure to check out some of the reasons why investing in a property in Birmingham is a good idea to earn a good passive income:

• Diversified economy with plenty of job opportunities

Birmingham enjoys one of the biggest and most diversified economies in England with a wide range of industrial sectors. Some of its key industries are financial services, manufacturing, technology, health care, tourism and education. 

The city is home to many national and foreign companies and organizations and there’s a variety of developed industries and an emergent entrepreneurial ecosystem. Thanks to this, Birmingham also offers a plethora of employment opportunities.    

• Enjoy Birmingham’s living conditions 

We can deny that Birmingham is quite a lovely city and the best part of living or visiting the city is that you can easily enjoy a high standard of living. The city spares no effort in offering great amenities such as green areas, shopping centers, sports and cultural facilities, and a wide variety of excellent restaurants and bars. Of course, we can’t forget to mention that the city also enjoys a strategic location in the UK, which is why is regarded as a major transportation hub.

In addition, many renowned universities and educational centers are settled in Birmingham. This means that there’s an important student demographic in the city and that, investors looking to cater to short-term lets, may find interesting. 

• Low cost of living

While Birmingham is one of the biggest cities in the UK, second only to London, the cost of living is fairly affordable compared to the capital city. The best part is that you still get to enjoy high-quality amenities on a low budget. 

The housing and rental markets offer a variety of options at different prices that can easily fit your needs. However, it’s important to consider that the property value can highly differ depending on the location. The average property price in Birmingham is £274K as confirmed by Rightmove. 

• Enjoy the unique charm of this city

Welcome to Birmingham, a city that can easily make you fall in love! And no, we are not lying because this city offers a vibrant yet cozy atmosphere that will make you feel at home. Plus, there’s always something up in here, so getting bored is not even an option. There’s a wide range of cultural, historical, and entertainment attractions scattered throughout the city. 

Birmingham is also a paradise for music lovers considering that iconic bands like Black Sabbath and Led Zeppelin were born. Moreover, the city hosts plenty of festivals and music events all year round! 

Aside from its plenty of leisure options, we should also take into account that Birmingham is an important tourist destination. In fact, just in 2022, the West Midlands, especially Birmingham, welcomed around 141.2M visitors! 

Is Airbnb profitable in Birmingham?

Thinking of investing in properties in Birmingham to list them on short-term rental platforms? Airbtics supports you on this business idea because this city can help investors like you obtain a steady source of passive income.

Are you still having doubts about Birmingham? Let us appease your concerns a little. According to Airbtics’ calculator data, Airbnb hosts can earn an average revenue of £28,174 with a median occupancy rate of 56% for operating a 2-bedroom apartment in Birmingham.