Category: Case studies & Insights

Where to Invest in Adelaide: March 2023

Post author By Robyn Peña
Post date March 9, 2023

Key Takeaways

Airbnb confirms that as the inflation in Australia continues to rise, more hosts are able to cope by joining the Airbnb community. Particularly in Adelaide, where the rental population is 50%, making it ideal for property investment.
There are several exciting events in Adelaide that attract more Airbnb guests. This boomerangs to an increase in revenue for Airbnb hosts! Discover the most recommended areas for property investment in 2023.
Learn about the major events in Adelaide and which areas make it ideal for Airbnb investment based on accurate Airbnb analytics.

Introduction

The travel industry in Australia is one of the major contributors to earning billions of dollars in the country. Particularly after the pandemic restrictions have been lifted, more tourists are enticed to travel for work, vacation, or sometimes both!

Adelaide, the capital city of South Australia, has one of the highest Airbnb occupancy rates. And it’s no surprise why – this city offers more than just wine and festivals.

This is where most investors get the opportunity to enjoy a stable revenue from property investments. But note that not all properties can generate a great return – so where are the best places to invest in Adelaide?

In this article, we’ll feature just that. One of the highlights of this blog is the upcoming major events in Adelaide this March of 2023. Continue reading to learn more as we feature expert tips for property investors!

Is Adelaide a Good Place for Investment Property?

According to Airbtics’ data, Adelaide is certainly a good place for investment property.

An Airbnb host can expect a strong occupancy rate of 84% and annual revenue of A$59,408 in Adelaide. And this revenue is just for operating a 1-bedroom apartment/condo, so you can expect more if you own more than 1 property that can cater to more guests.

Apart from the city’s strong rental yield which has a year-over-year increase of 14%, Adelaide is also one of the top-performing property markets in Australia. If you want to test the waters in this market first, rental arbitrage is always an excellent option to try Airbnb.

What are the Major Events in Adelaide?

The major events in Adelaide play a huge role in the steady Airbnb occupancy rate and whopping annual revenue for hosts. These events typically attract more tourists, particularly this March of 2023. Check out some of the major events that property investors and Airbnb hosts should take note of:

1. Adelaide Festival

The most popular Adelaide Festival consists of 52 various events that last for 17 exciting days. This event started on March 3rd and lasts until the 19th, so there’s no surprise that the accommodation has consistently spiked demand.
Adelaide festival is celebrated annually and showcases theatre, dance, and music among others.

In fact, Airbnb has partnered with Adelaide Fringe to avoid the shortage of accommodation. Property investors and Airbnb hosts can expect to cater to more tourists for the entire duration of this festival.

According to Airbtics’ data, an average host nearby Adelaide Festival Centre can expect an annual revenue of A$66,096 for a 2-bedroom apartment/condo alone.
It was also discovered that the highest revenue within the area last 2022 was in April. A market’s seasonality is important to expect revenue shifts in the Airbnb business. Low seasonality such as 45% does not also mean that investing in that area is not profitable because it still gets year-round bookings.

2. Womadelaide

WOMADelaide, also known as the World Of Music Arts & Dance in Adelaide, is one of the unique festivals showcasing the Australian festival landscape. This world festival has been celebrated since 1992.
Known as an award-winning celebration in South Australia, Womadelaide is a 4-day festival that starts from March 10-13, 2023. Festival City Adelaide confirms that this event created around 52,300 visitor nights in South Australia. You can imagine the total revenue that Airbnb hosts nearby can enjoy because of this!
To confirm this, we’ve taken a look at the Airbnb data near King William Road where Womadelaide Festival takes place.

Airbtics confirm that an average host nearby Womadelaide can expect an annual revenue of A$52,352 for a 1-bedroom apartment/condo alone. Its seasonality is at 43%, where an Airbnb host can expect the highest revenue in the month of April.

Where to Invest in an Airbnb property in Adelaide, Australia?

There are several Airbnb host expenses to consider, but the most crucial part is deciding the property’s location. While there are plenty of properties in Adelaide, not all of them can guarantee a good return.
So it leads you to the final question, where can you invest in an Airbnb property in this city? Discover the most recommended neighborhoods for buying an Airbnb property in Adelaide:

1. Adelaide CBD

Airbnb occupancy rate: 88%
Average daily rate: A$188
Airbnb annual revenue: A$63,858
Best property size: 2 bedrooms
Existing Airbnb listings: 419 listings

2. Henley Beach

Airbnb occupancy rate: 84%
Average daily rate: A$193
Airbnb annual revenue: A$67,343
Best property size: 2 bedrooms
Existing Airbnb listings: 63 listings

3. Semaphore

Airbnb occupancy rate: 93%
Average daily rate: A$183
Airbnb annual revenue: A$66,905
Best property size: 2 bedrooms
Existing Airbnb listings: 29 listings

Takeaway

In general, Airbnb data shows that property investment in Adelaide can truly help hosts to achieve financial freedom. In fact, with or without the major events occurring annually, hosts can still expect to earn a steady revenue in the city.

Now that you have a clear overview of where to invest in Adelaide, take the next step by comparing Airbnb data in other cities. If you’re looking to invest in a property in Australia, using an Airbnb income calculator will help you make data-based decisions.

Wondering which area of Adelaide has the highest rental yield? With one click, you can easily discover this.

Don’t make the wrong investment decisions based on guesses, try Airbtics now and stand out among your competitors!

Tags lat_-34.9281805, lng_138.5999312

Blog posts Case studies & Insights Hosting Tips

AirDNA vs Rabbu Comparison: Choosing the Best Airbnb Analytics in 2023

Post author By Robyn Peña
Post date March 9, 2023

Key Takeaways

Before investing in the real estate market, it’s important to make sure that the property will generate a high return first. This is where Airbnb data analytics tools like AirDNA and Data Rabbu are bringing the essence to the short-term rental industry.
Discover and compare the Airbnb analytics available in the market to meet your goals. By looking at the features, pricing, and alternatives, you’ll be able to make the wisest investment decisions.
Learn about the reviews from actual users who have tried AirDNA, Data Rabbu, and other short-term rental providers to gauge the best Airbnb analytics for your business.

Introduction

Starting your investment journey in the real estate market is an exciting step to achieving financial freedom. In fact, it can instantly help you make thousands of dollars by using the right tool to make wise investment decisions.

This is where short-term rental analytics providers like AirDNA and Data Rabbu step in and become essential. They both provide useful data points such as the monthly revenue projection, occupancy rates, and Airbnb listings among others.

But which is the best Airbnb analytics tool for you?

In this article, we’ll compare AirDNA vs Data Rabbu to help you decide on the best Airbnb analytics tool. We’ll cover their specific features, pricing, and actual user reviews. We also added great Airbnb analytics alternatives just in case you need more options. Continue reading to learn more!

What is AirDNA?

AirDNA is one of the leading sources of short-term rental data in the industry. It helps users to access data by looking at competitive insights, custom reporting, and interactive dashboards.

AirDNA also offers worldwide data coverage with features including a marketing comparison tool (Market Minder) for investors to compare cities and an ROI calculator.

On the other hand, if you’re wondering, “Is AirDNA accurate?” – well, AirDNA’s accuracy is a different subject. While there are several users who have tried its services, the tool’s accuracy is often highlighted and several users have unsubscribed due to this problem. It’s also one of the reasons why more people are looking into AirDNA alternatives.

What is Data Rabbu?

Data Rabbu is a property management service that features short-term rental data. This platform focuses on short-term rental & vacation rental properties. Therefore, more real estate investors who want to determine a property’s profitability find it valuable.

Rabbu’s Marketplace tool is also helpful for those who have no properties yet or would like to create a new investment portfolio. This tool specifically assists investors to have an overview of on and off markets.

However, its data coverage is limited to the USA markets only. Airbnb Rabbu’s accuracy cannot be guaranteed since there are feedback from users stating that their “75th percentile seems to underestimate the real-world STR performance”.

AirDNA vs Rabbu: Features & Tools

Aside from the fact that both AirDNA and Rabbu differ according to their data coverages, here are their individual features and tools:

1. Airbnb Calculator

The first question that comes to every property investor’s mind is: “How much can I make on Airbnb with my property?”. This is where an Airbnb income calculator becomes essential!

Both AirDNA and Rabbu Data have Airbnb calculators. They present Airbnb data points such as annual revenue, average daily rate, and occupancy rate among others. Their major difference is that Data Rabbu’s Airbnb calculator is free and you can even go through the market’s seasonality.

From a brief look at the dashboards from AirDNA vs Rabbu, it’s safe to say that Rabbu’s presentation is a lot more comprehensive. In order to view all the data from AirDNA, you will be required to pay for their subscription first so it’s not completely recommended for beginners.

2. Deal Alerts

Data Rabbu’s deal alerts are built to send notifications via email or text message when there are new properties that match your preferences. You can set your own criteria according to location, property price, and expected return to get sourced!
At present, AirDNA does not have this feature as they are more focused on in-depth Airbnb data insights.

3. Market Minder

AirDNA’s Market Minder feature tracks the daily performance of 10 million short-term properties worldwide from Airbnb and VRBO. It features a fully interactive map dashboard that has various currencies and presents daily travel demands.

However, they only update their database once a month which makes their data inaccurate as it’s not real-time.

Data Rabbu also has an interactive map but it only presents existing Airbnbs like AirDNA. How often do they update their database? Unfortunately, it’s not stated on their website. And here’s a feature that they both lack: Dynamic data insights!

Dynamic data insights are important for both beginners and pros in the short-term rental industry as they take into account the fluctuations in market demand.

For instance, Airbtics’ interactive map dashboard presents existing Airbnbs and dynamic data insights at the same time. Airbtics also updates its database daily, which helps investors to access real-time information to generate profitable investments.

This feature is specifically helpful for property investors to keep up with the pricing strategies in their markets.

4. Property Management

Data Rabbu’s secondary function is a tool for property management. This helps property investors to manage daily rental operations, optimize pricing, and keep track of rental properties among others.
AirDNA does not have this feature, although they offer smart rates that can be connected to the Airbnb host’s account.

5. Enterprise Solutions

AirDNA’s enterprise solutions offer customized insights such as real estate market trends and forecasts. AirDNA users can even download the data so they have a copy of their own. Data Rabbu, on the other hand, does not provide customized insights.

AirDNA vs Data Rabbu Pricing: Which is Worth it?

Now that you know the features of both AirDNA and Rabbu – let’s talk about the second-most important consideration: Pricing!

According to Data Rabbu’s website, their pricing for property acquisition software costs $99 per month or $990 per year when paid annually. On the other hand, for a full-service of short-term rental property management, Data Rabbu’s fees vary according to your market & portfolio.

AirDNA’s pricing costs $499.75 per month or $3,599.75 per year for accessing 5 markets in different regions. Unfortunately, this can be very expensive and they also don’t offer free trials.

Overall, Rabbu and AirDNA’s data depth are both lower compared to Airbtics. Since Rabbu offers property management services and Mashvisor offers basic data services, it makes sense why they can provide these services at such a low cost.

Let’s face the fact that it is difficult to gauge one city’s profitability by looking at a single market alone. So if you are looking to invest in a market – it’s highly recommended to look at the top 5 markets, make a comparison for each, run the numbers, and make a wise investment decision.

The good news is that Airbtics is designed to help you with that! As a specialized data company, it provides the most accurate results and is ideal for those who want to base their decisions on high-quality data.

To sum it up, choosing 2-5 good markets is more than enough. Once you have a preferred area to start an investment, you should consider the major factors including where you reside and work. Compared to other STR Analytics providers in the market, Airbtics provides the most affordable cost to explore 5 markets which is $149.99 per month or $999 per year.

Feedback from AirDNA vs Data Rabbu Users

Before subscribing to a service or purchasing a product, it’s always best to learn from reviews or check the user’s feedback first. Particularly if you’re subscribing to a short-term rental analytics tool! Check out the following reviews from actual users who have tried AirDNA and Data Rabbu:

Data Rabbu & AirDNA Reviews as seen on Bigger Pockets:

AirDNA Reviews as seen on Trust Pilot:

AirDNA & Data Rabbu Alternatives

Knowing the features, pricing, and major comparisons of user feedback between AirDNA and Rabbu may still not convince you. Don’t worry! If you still can’t still decide at this point, the good news is that there are better options. Check out the best AirDNA and Rabbu alternatives:

Summary: What’s the Best Short-Term Rental Analytics for You?

To sum it up, Data Rabbu only offers basic Airbnb data services for real estate investors. While it has an ROI calculator that presents the most important data, it’s also limited to accessing markets within the USA region.

AirDNA caters to worldwide data coverage, but its accuracy and pricing are of major concern. AirDNA vs Rabbu has its own pros and cons, but the good news is that there are several other Airbnb data analytics providers that can meet your financial goals.

In comparison to short-term rental analytics tool like Airbtics, it covers worldwide regions with specific markets that fully covers historical performance data, guest demographics, and more.

If you want to look at more detailed and advanced data which includes seasonality and discover specific neighborhoods, then Airbtics might be the best short-term rental provider for you. You can use the most accurate STR revenue calculator and speed up your game in the industry!

Blog posts Case studies & Insights Investment

Best Places to Airbnb in Ohio: A Guide to Investing in Real Estate near Columbus

Post author By Magdalena Jara
Post date March 8, 2023

best places to Airbnb in Ohio

Key Takeaways

The reasonable cost of living, healthy real estate market, and economic growth of Columbus allowed many hosts to earn a good passive income by owning Airbnb listings.
Learn the advantages that investors can enjoy when investing in short-term rentals in Columbus and nearby cities.
We’ll feature the top 10 neighborhoods and nearby cities in Columbus, OH, along with their recommended property types, median housing values, and respective Airbnb data.

Introduction

Columbus is located in Franklin County, Ohio, and is the most populous city in the state. Visitors truly love the city’s friendly environment, vibrant nightlife and cultural attractions.

Also known as “The Biggest Small Town in America”, Columbus may be a little city if we compare it to major cities like New York, but still, the city makes visitors and locals feel as if they were in a big metropolis.

Columbus offers a great quality of life & an affordable cost of living, and a healthy economy. This has drawn many investors’ attention over the past few years. But you may wonder, “which are the most profitable areas for Airbnb in Columbus?” – we got you!

In this article, we’ll feature the best places to Airbnb in Columbus, Ohio & nearby cities and some of the expectations for Airbnb investment properties in this city. Continue reading to learn more.

Why should you consider investing in Columbus Real Estate?

Starting an Airbnb business is indeed a good way of earning a passive income since this city offers attractive investment opportunities to investors. But what are the main advantages that this location offers to property investors? Check out some of the major reasons why investing in rental property in Columbus, Ohio is a great idea:

Affordable cost of living

Ohio is a landlord-friendly city with a real estate market that, to date, offers a variety of options with prices that remains relatively low. The average property price is $249K with a 1-year value change of 10.7% as confirmed by Realtor.

In addition to this, the cost of living is also something that investors should consider when choosing the perfect location to set up their Airbnb listing. So if you’re interested in Columbus’ market, you will like to know that the median living wage in Columbus is 12% cheaper than the national average.

Healthy economy

One of the most positive aspects of Columbus is its profitable and healthy economy that is supported by a variety of industries like logistics, education, health care, hospitality, and technology.

The city owns a robust economy that offers many job opportunities as well. Thus, young professionals are bound to find a good employment offer in Columbus.

Tourist and student markets

Did you know that over 42.7M people visit Greater Columbus every year? According to Experience Columbus portal, visitors arrive constantly in the city to go to conventions, trade shows & sporting events and also to enjoy the great leisure options available.

On the other side, we should also emphasize the student market of Columbus. As the capital of Ohio state, there are many higher education institutions located inside the city and in its surroundings that host a great number of students. Hence, if you’re looking to cater to students’ accommodations, Columbus is a great choice for you.

Is Airbnb Profitable in Columbus, OH?

Don’t worry! Airbtics confirms that investing in short-term rentals in Columbus, Ohio, is certainly profitable for real estate investors. In fact, it’s one of the best cities to start an Airbnb business in the US. Still, it must be considered 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 $32,166 and a median occupancy rate of 58% for operating a 3-bedroom property in Columbus.

10 Most Profitable Areas near Columbus for Airbnb

Columbus is the largest city in the state of Ohio and has several neighborhoods distributed around the city limits. Hence, we understand if you’re struggling to choose the best location to set up your Airbnb listing in Columbus.

Check out the best neighborhoods and nearby cities in Columbus that are highly recommended for starting an Airbnb business:

1. Franklinton, Columbus

Total Number of Airbnb Listings: 32
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $179,900
Airbnb Annual revenue: $48,146
Gross rental yield: 26.76%

2. German Village, Columbus

Total Number of Airbnb Listings: 55
Best bedroom size: 4 bedrooms
Median property price (4 bedrooms): $549,900
Airbnb Annual revenue: $126,995
Gross rental yield: 23.09%

3. Fifth by Northwest, Columbus

Total Number of Airbnb Listings: 19
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $358,000
Airbnb Annual revenue: $64,852
Gross rental yield: 18.12%

4. Harrison West, Columbus

Total Number of Airbnb Listings: 38
Best bedroom size: 4 bedrooms
Median property price (4 bedrooms): $424,000
Airbnb Annual revenue: $73,791
Gross rental yield: 17.40%

5. Downtown Columbus, Columbus

Total Number of Airbnb Listings: 78
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $250,000
Airbnb Annual revenue: $42,101
Gross rental yield: 16.84%

6. Dayton, OH

Distance from Columbus: 72 miles
Total Number of Airbnb Listings: 187
Best bedroom size: 3 bedroom
Median property price (3 bedroom): $140,000
Airbnb Annual revenue: $31,034
Gross rental yield: 22.17%

7. Cincinnati, OH

Distance from Columbus: 98 miles
Total Number of Airbnb Listings: 930
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $220,000
Airbnb Annual revenue: $53,521
Gross rental yield: 24.33%

8. Cleveland, OH

Distance from Columbus: 126 miles
Total Number of Airbnb Listings: 851
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $120,000
Airbnb Annual revenue: $52,082
Gross rental yield: 43.40%

9. Akron, OH

Distance from Columbus: 126 miles
Total Number of Airbnb Listings: 138
Best bedroom size: 4 bedrooms
Median property price (4 bedrooms): $240,000
Airbnb Annual revenue: $68,568
Gross rental yield: 28.57%

10. Pittsburgh, PA

Distance from Columbus: 162 miles
Total Number of Airbnb Listings: 1,163
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $219,900
Airbnb Annual revenue: $49,250
Gross rental yield: 22.40%

Takeaway

In summary, the neighborhoods and nearby cities in Columbus are some of the best places to invest in Ohio state because they offer great investment opportunities to real estate investors.

Are you wondering how much can you earn through Airbnb? We advise you to check out Airbtics’ short-term rental estimator. Choose to stand out among your competitors and maximize your profitability now!

Explore The Most Profitable Airbnb Locations Near Columbus

Tags lat_39.9622601, lng_-83.0007065

Blog posts Case studies & Insights Investment

Best Cities to Airbnb near Indianapolis

Post author By Ramon Meris
Post date March 8, 2023

Best Cities to Airbnb near Indianapolis

Key Takeaways

Indianapolis is known as the racing capital of the world and host to other major sporting events, making it a haven for adrenaline junkies. Property investors can get equally pumped up in looking for the best real estate investment in Indianapolis.
Indianapolis investment properties have staggering prices, but short-term rental data analytics can help investors maximize returns from their Airbnb properties.

Introduction

The high housing prices in Indianapolis make investors race for the most profitable short-term rental properties in the racing capital of the world. While it does not have to be this stressful, a lot of investors haven’t tapped into short-term rental data analytics.

This is most helpful in narrowing down prospective properties according to prices, occupancy rate, and rental revenue among others. Without data analytics, looking for rental properties can be an aimless pursuit.

So gas up your car because we are about to point you to the best real estate investments in Indianapolis and nearby cities!

Is Indianapolis good for real estate investment?

Yes, Indianapolis is excellent for real estate investment and short-term rental is the way to go! According to Airbtics’ Insight Tool, Indianapolis has 1,718 active Airbnb listings. An Airbnb host in this city can expect an average annual revenue of $28,438 and an occupancy rate of 55%. Continue reading this blog to find out which property size gives the highest annual revenue.

There are other reasons why you should consider investing in Indianapolis. You can rest assured that your investment property is located in a good city due to the following indicators:

Multi-sector economy – Indianapolis has multiple profitable industries such as education, healthcare, and financial services which contribute to the city’s economy. Aside from these sectors, tourism is also a primary contributor to Indianapolis’ growth being a host to major sporting events that attract visitors from all over the world.
Strong workforce – While Indianapolis is one of the most densely populated cities in the US, its workforce remains strong with a low unemployment rate. Employment is still expected to grow until 2024 with an annual rate of 2.9%.

If you still can’t afford an Indianapolis investment real estate, you can still earn passive income via rental arbitrage.

Best Cities to Airbnb Near Indianapolis

Airbtics Discovery Tool provides a few Indianapolis real estate investing leads by filtering the best areas for Airbnb in and around the city. This feature shows the following areas:

1. Indianapolis

Best bedroom size: 2 bedrooms
Median property price: $152,871
Airbnb annual revenue: $46,072
Gross rental yield: 30.14%

2. Cincinnati

Best bedroom size: 3 bedrooms
Median property price: $221,368
Airbnb annual revenue: $53,521
Gross rental yield: 24.18%
Distance from Indianapolis: 98 miles

3. Louisville

Best bedroom size: 3 bedrooms
Median property price: $232,828
Airbnb annual revenue: $73,499
Gross rental yield: 31.57%
Distance from Indianapolis: 112 miles

4. South Bend

Best bedroom size: 4 bedrooms
Median property price: $228,200
Airbnb annual revenue: $100,778
Gross rental yield: 44.16%
Distance from Indianapolis: 132 miles

5. Lexington-Fayette

Best bedroom size: 3 bedrooms
Median property price: $256,253
Airbnb annual revenue: $52,373
Gross rental yield: 20.44%
Distance from Indianapolis: 150 miles

6. Chicago

Best bedroom size: 4 bedrooms
Median property price: $373,320
Airbnb annual revenue: $109,551
Gross rental yield: 29.35%
Distance from Indianapolis: 164 miles

7. Columbus

Best bedroom size: 2 bedrooms
Median property price: $175,283
Airbnb annual revenue: $35,006
Gross rental yield: 19.97%
Distance from Indianapolis: 169 miles

8. Ann Arbor

Best bedroom size: 3 bedrooms
Median property price: $426,436
Airbnb annual revenue: $117,991
Gross rental yield: 27.67%
Distance from Indianapolis: 210 miles

9. Saint Louis

Best bedroom size: 3 bedrooms
Median property price: $220,689
Airbnb annual revenue: $51,100
Gross rental yield: 23.15%
Distance from Indianapolis: 232 miles

10. Detroit

Best bedroom size: 2 bedrooms
Median property price: $56,492
Airbnb annual revenue: $31,489
Gross rental yield: 55.74%
Distance from Indianapolis: 240 miles

Conclusion

The powerful Airbtics Discovery Tool has provided useful and accurate data to help investors in their investment decisions. If you’re in hot pursuit of your prospective Airbnb market, Airbtics Discovery Tool will pull out key data to make you arrive at the best property investment. This is not only exclusive to Indianapolis and nearby cities. Just type in your preferred market, and you will have the data in no time!

Wanna know if you’re pricing your Airbnb right? Check out our free short-term rental calculator!

Explore The Most Profitable Airbnb Locations Near Indianapolis

Tags lat_39.7683331, lng_-86.1583502

Blog posts Case studies & Insights Investment

Best Cities to Airbnb in Washington State and Nearby Cities: Airbnb Investment in 2023

Post author By Ramon Meris
Post date March 6, 2023

Best Cities to Airbnb in Washington

Key Takeaways

The economy of Washington State is driven by a very high employment rate which makes it a viable rental property market. In fact, rental leasing is among its top industries.
Short-term rental data analytics can guide prospective investors in their next Airbnb business venture.

Introduction

We bet you’re probably sipping a cup of coffee while searching on your PC for a profitable investment property in Washington State, known as the birthplace of Starbucks and Microsoft. While these brands have expanded globally, you can enter the short-term rental industry in The Evergreen State with data analytics as your guide!

Read this blog to know about the tools for making data-backed decisions without setting aside your cup of joe. And no worries, rental arbitrage can jumpstart your Airbnb business if you can’t own a rental property for now.

Is Airbnb legal in Washington State?

Yes! Airbnb is legal in Washington State as long as operators have secured a business license from the local Department of Revenue. Investors must pay all applicable fees and taxes, including occupancy, sales, and lodgings, among others.

Is Washington a good state to invest in real estate?

Real estate investing in Washington State can be a very great idea due to the following reasons:

Booming economy – The employment rate in Washington State has continued to rise over the past five years. Also, real estate and rental leasing are among the top sectors in the State along with the information and retail trade sectors.
No income tax – The state does not impose personal and corporate taxes. However, this exception does not cover businesses in Washington State– all of which are subject to Business and Occupation and/or Public Utility Tax. Even so, locals get to take home more disposable income that can be spent to further boost the economy.

10 Best Cities to Airbnb in Washington State and Nearby Cities

Airbtics Discovery Tool can help you look for the best cities for Airbnb in Washington State and nearby cities. This powerful tool shows the following areas:

1. Seattle

Best bedroom size: 1 bedroom
Median property price (1 bedroom): $495,372
Airbnb Annual revenue: $47,170
Gross rental yield: 9.52%

2. Chelan

Best bedroom size: 1 bedroom
Median property price (1 bedroom): $401,461
Airbnb Annual revenue: $39,387
Gross rental yield: 9.81%
Distance from Seattle: 108 miles

3. Seaside

Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $509,489
Airbnb Annual revenue: $72,625
Gross rental yield: 14.25%
Distance from Seattle: 135 miles

4. Portland

Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $560,064
Airbnb Annual revenue: $72,229
Gross rental yield: 12.9%
Distance from Seattle: 145 miles

5. Beaverton

Best bedroom size: 1 bedroom
Median property price (1 bedroom): $254,661
Airbnb Annual revenue: $37,670
Gross rental yield: 14.79%
Distance from Seattle: 148 miles

6. Lincoln City

Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $550,291
Airbnb Annual revenue: $62,848
Gross rental yield: 11.42%
Distance from Seattle: 199 miles

7. McCall

Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $706,931
Airbnb Annual revenue: $46,703
Gross rental yield: 6.61%
Distance from Seattle: 469.9 miles

8. Boise

Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $482,507
Airbnb Annual revenue: $46,201
Gross rental yield: 9.58%
Distance from Seattle: 494.2 miles

9. Ketchum

Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $742,931
Airbnb Annual revenue: $69,290
Gross rental yield: 9.33%
Distance from Seattle: 643.7 miles

10. Sun Valley

Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $701,492
Airbnb Annual revenue: $70,720
Gross rental yield: 10.08%
Distance from Seattle: 645.4 miles

Conclusion

Now that you know how stress-free it can be to look for a profitable rental property, we bet that you will start being on the lookout for more profitable Airbnb markets. That’s understandable because short-term rental analytics from Airbtics can help investors be more cautious or aggressive in their prospective Airbnb venture.

See for yourself if you’re maximizing profit from this free Airbnb Calculator used by beginners and pros.

Explore The Most Profitable Airbnb Locations around Washington State

Tags lat_47.6038321, lng_-122.330062

Blog posts Case studies & Insights Investment

Best Places in Texas to Buy Rental Property: 10 Profitable Areas near Fort Worth

Post author By Magdalena Jara
Post date March 6, 2023

best places in texas to buy rental property

Key Takeaways

Fort Worth offers a relatively affordable housing market. On top of that, it has a strong job market and many attractions that draw plenty of visitors to the city.
Discover the benefits real estate investors can expect when investing in short-term rentals in Fort Worth, Texas.
Find out the top 10 neighborhoods and nearby cities in Fort Worth that you can potentially target, along with their recommended property types and Airbnb data.

Introduction

Fort Worth is situated in the North Central part of the state of Texas, right next to the big city of Dallas. The city offers plenty of enjoyable leisure activities around the city, so there’s always something fun to do. On top of that, Fort Worth conveys a 19th-century vibe that allows you to experience the fascinating cowboy spirit of the city’s surroundings.

In addition to this, Airbnb occupancy rates in Texas cities state that Fort Worth is one of the best cities to invest in real estate! This city offers an occupancy rate of 65% which is the second-highest among all major cities in Texas.

Still, investors may wonder which areas are profitable for investment properties in Forth Worth, right?

Take it easy because, in this article, we’ll reveal the best places to buy a rental property in Fort Worth, Texas., We’ll also feature what to expect when investing in real estate in this city. Want to learn more? Then continue reading!

Perks of investing in real estate in Fort Worth, Texas

Starting an Airbnb business in Fort Worth is a fantastic way of achieving financial freedom since it offers a good return on investment to investors. Fort Worth is a modern city with a cowboy charm that’s truly enchanting. But what advantages does this city offer to Airbnb hosts?

Check out some of the reasons why buying a rental property in Fort Worth is a magnificent idea:

Real estate value

While the housing value in North Texas has increased considerably as demand for properties has increased, Fort Worth’s real estate market remains quite affordable compared to major cities in the state. The median property price is $305K, trending up 9.1% year-over-year according to Zillow Index.

Plethora of job opportunities

Aside from Dallas and Houston, Forth Worth’s job market is one of the strongest in the US with many major corporations and startups. Professionals are naturally attracted to the variety of employment opportunities that the city offers. Currently, the unemployment rate in the city is 3.2%, which is slightly lower than the US average.

Plenty of things to do

Fort Worth offers much more than one first meets the eye! You will never run out of interesting things to do in this city. Whether you prefer visiting a historical site or having an exciting day in a water park, Forth Worth will surely have something for you.

There are plenty of museums, parks, shopping options and restaurants, so it’s clear why so many tourists come here each year. In fact, the city welcomes more than 9M visitors per year as confirmed by Visit Forth Worth website.

Is Airbnb Profitable in Fort Worth, TX?

Real estate investors don’t have to worry because Airbtics confirms that investing in real estate in Forth Worth is profitable. But in spite of that, we must mention 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 $43,032 and a median occupancy rate of 72% for operating a 2-bedroom property in Fort Worth.

10 Best Places to Buy Rental Properties near Fort Worth, Texas

Fort Worth is the 5th largest city in Texas state and the 13th one in the US. It has around 32 amazing neighborhoods. Thus, it’s a struggle to choose the right place to set up your rental property in Fort Worth, Texas.

Check out the best neighborhoods and nearby cities in Fort Worth that are recommended for Airbnb investment properties:

1. Sunset Heights, Fort Worth

Total Number of Airbnb Listings: 15
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $289,500
Airbnb Annual revenue: $77,842
Gross rental yield: 26.89%

2. Downtown Fort Worth

Total Number of Airbnb Listings: 30
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $295,000
Airbnb Annual revenue: $72,011
Gross rental yield: 24.41%

3. Fairmount-Southside Historic District, Fort Worth

Total Number of Airbnb Listings: 64
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $355,000
Airbnb Annual revenue: $52,679
Gross rental yield: 18.07%

4. Arlington Heights, Fort Worth

Total Number of Airbnb Listings: 38
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $415,000
Airbnb Annual revenue: $73,881
Gross rental yield: 17.80%

5. Bluebonnet Hills, Fort Worth

Total Number of Airbnb Listings: 23
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $435,000
Airbnb Annual revenue: $67,874
Gross rental yield: 15.60%

6. Arlington, TX

Distance from Fort Worth: 15 miles
Total Number of Airbnb Listings: 348
Best bedroom size: 4 bedrooms
Median property price (4 bedrooms): $325,000
Airbnb Annual revenue: $57,926
Gross rental yield: 17.82%

7. Dallas, TX

Distance from Fort Worth: 32 miles
Total Number of Airbnb Listings: 3,647
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $315,000
Airbnb Annual revenue: $57,372
Gross rental yield: 18.21%

8. Denton, TX

Distance from Fort Worth: 34 miles
Total Number of Airbnb Listings: 133
Best bedroom size: 4 bedrooms
Median property price (4 bedrooms): $406,700
Airbnb Annual revenue: $76,598
Gross rental yield: 18.83%

9. Waco, TX

Distance from Fort Worth: 83 miles
Total Number of Airbnb Listings: 343
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $223,000
Airbnb Annual revenue: $60,679
Gross rental yield: 27.21%

10. Killeen-Temple, TX

Distance from Fort Worth: 110 miles
Total Number of Airbnb Listings: 491
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $194,500
Airbnb Annual revenue: $33,693
Gross rental yield: 17.32%

Conclusion

We can conclude that the real estate market in Fort Worth and the nearby cities in Texas offer a variety of property options. There are many profitable areas where investors can earn a good passive income by owning an Airbnb listing.

While there are plenty of neighborhoods and nearby cities in Fort Worth with high rental yields and annual revenue, it is worth mentioning that you should still analyze your options.

Now that you have a better view of the best places to buy a rental property in Fort Worth, Texas, go ahead and check our Airbnb profit estimator. Take advantage of the digital era by making use of the best analytics tool to maximize your profitability now!

Explore The Most Profitable Airbnb Locations Near Fort Worth

Tags lat_32.753177, lng_-97.3327459

Blog posts Case studies & Insights Investment

Best Places in Florida to Own an Airbnb: Top Areas for Investment Properties near Jacksonville

Post author By Magdalena Jara
Post date March 3, 2023

best places in florida to own an airbnb

Key Takeaways

The low-priced real estate market and economic growth of Jacksonville have helped many property investors to earn a good passive income by owning Airbnb listings.
Discover the advantages that real estate investors have when investing in Jacksonville, Florida.
We’ll reveal the 10 most lucrative neighborhoods and nearby cities in Jacksonville, FL and also their recommended property types & Airbnb data.

Introduction

Jacksonville is located on the Atlantic coast of northeastern Florida, thanks to this, it’s home to more than 1,100 miles of shoreline! Also known as the River City for being surrounded by 20% water, Jacksonville offers picturesque beaches and a variety of water sports to locals and visitors alike.

Jacksonville has a diversified economy and an affordable housing market that has attracted the attention of many real estate investors. Yet, you may be intrigued about the top areas to invest in real estate near Jacksonville, right? We got you!

In this article, we’ll feature the best places to own an Airbnb near Jacksonville, Florida and some of the expectations for real estate investments in this city. Stoked to learn more? Then continue reading!

Why should you consider buying an investment property in Jacksonville, Florida?

Investing in Airbnb in Jacksonville can be a great way to earn a passive income because it offers good investment opportunities to real estate investors. Living or investing in this city means that you will enjoy its beautiful beaches & parks and its fascinating cultural scene.

But what benefits does this location offer to property investors? Check out some of the reasons why doing real estate investment in Jacksonville is a good choice:

Affordable housing and cost of living

One of the top advantages of investing in Jacksonville is that its real estate market is affordable. In fact, the average property value is 24% lower than the US average and is also cheaper than other major cities in the state. According to Zillow Index, the median housing price is $291K, trending up 15.3% year over year.

As if the housing market prices weren’t enough, let me add another great aspect of Jacksonville’s livability, it has a low cost of living! Overall, it’s 8% less expensive than the national average and 7% lower than other cities in Florida.

Booming tourist spot

With more than 270 sunny days, 22 miles of sandy beaches, and the largest urban park system in the nation, Jacksonville surely draws the attention of travelers.

As a matter of fact, the city welcomes more than 22M visitors per year as confirmed by Visit Jacksonville portal. Hence, the tourist flow is quite consistent in the city, which is great if you’re considering catering to tourist accommodations.

Fastest-growing city in the southern US

The River City’s economy is consistently growing and is a hub for a plethora of varying job opportunities! Its economy is driven by the healthcare, education, tourism financial sectors. Thus, Jacksonville enjoys a steady economic expansion with an unemployment rate of 2.1%.

Is Airbnb Profitable in Jacksonville, Florida?

Are you concerned that your Airbnb listing in Jacksonville won’t make a good profit? Don’t fret anymore! Airbtics confirms that investing in real estate in Jacksonville is fairly profitable.

Yet, you should keep in mind that the level of profitability depends on the property type and location. In addition to this, you should also consider the Airbnb Rules in Jacksonville to avoid major issues.

Based on Airbtics’ data, an Airbnb host can expect an average annual revenue of $31,350 and a median occupancy rate of 64% for operating a 2-bedroom property in Jacksonville.

Top 10 Places to Own an Airbnb near Jacksonville, Florida

Jacksonville is one the largest city by area in the US and the most populous one in the state of Florida. Jacksonville has more than 500 defined neighborhoods and there are many interesting cities located nearby as well. Thus, it’s understandable if you’re having a hard time choosing the best place to set up your Airbnb listing here.

Check out the best neighborhoods and nearby cities in Jacksonville that are highly recommended for starting an Airbnb business:

1. Lakeshore, Jacksonville

Total Number of Airbnb Listings: 33
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $184,000
Airbnb Annual revenue: $32,147
Gross rental yield: 17.47%

2. Baymeadows, Jacksonville

Total Number of Airbnb Listings: 29
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $238,500
Airbnb Annual revenue: $39,093
Gross rental yield: 16.39%

3. San Marco, Jacksonville

Total Number of Airbnb Listings: 48
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $299,900
Airbnb Annual revenue: $44,405
Gross rental yield: 14.81%

4. Springfield, Jacksonville

Total Number of Airbnb Listings: 82
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $250,000
Airbnb Annual revenue: $36,608
Gross rental yield: 14.64%

5. Riverside, Jacksonville

Total Number of Airbnb Listings: 91
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $298,000
Airbnb Annual revenue: $42,735
Gross rental yield: 14.34%

6. St. Augustine, FL

Distance from Jacksonville: 37 miles
Total Number of Airbnb Listings: 443
Best bedroom size: 2 bedroom
Median property price (2 bedroom): $329,900
Airbnb Annual revenue: $58,711
Gross rental yield: 17.79%

7. Gainesville, FL

Distance from Jacksonville: 61 miles
Total Number of Airbnb Listings: 337
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $173,000
Airbnb Annual revenue: $40,300
Gross rental yield: 23.29%

8. Daytona Beach, FL

Distance from Jacksonville: 85 miles
Total Number of Airbnb Listings: 635
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $225,000
Airbnb Annual revenue: $65,247
Gross rental yield: 29%

9. New Smyrna Beach, FL

Distance from Jacksonville: 99 miles
Total Number of Airbnb Listings: 598
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $489,000
Airbnb Annual revenue: $88,948
Gross rental yield: 18.19%

10. Orlando, FL

Distance from Jacksonville: 125 miles
Total Number of Airbnb Listings: 695
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $215,000
Airbnb Annual revenue: $45,015
Gross rental yield: 20.93%

Takeaway

In conclusion, Jacksonville offers a diversified housing market and also many profitable areas where hosts can get a nice cash-on-cash return. Although there are plenty of neighborhoods and nearby cities in Jacksonville with attractive annual revenues, it is still worth analyzing your options with care.

After finding out the best places in Florida to own an Airbnb property, take advantage of the digital era and check Airbtics’ short-term rental calculator. Stand out among other Airbnb hosts and maximize your profitability now!

Explore The Most Profitable Airbnb Locations Near Jacksonville

Tags lat_30.3321838, lng_-81.655651

Blog posts Case studies & Insights Investment

Best Places to Airbnb in Oregon: A Guide to Investing in Portland Real Estate

Post author By Magdalena Jara
Post date March 3, 2023

best places to airbnb in oregon

Key Takeaways

The relatively affordable real estate market and strong economy of the Portland area have allowed many Airbnb hosts to generate a nice passive income with rental properties.
Explore the advantages of investing in rental properties in Portland, Oregon, and nearby cities.
Get to know the most profitable neighborhoods and nearby cities in Portland along with their recommended property types, gross rental yields, and respective Airbnb data.

Introduction

The port city of Portland sits at the confluence of the Willamette and Columbia rivers, allowing this destination to offer striking natural landscapes. The city is widely known for its innovative business environment, quirky nature and fascinating culture. This is why it owns the slogan “Keep Portland Weird”.

Portland has many attractive opportunities when it comes to real estate investments since it has a strong tourist & student market. We can’t also avoid the fact that a lot of people move to the city for its attractive job market or because they’re looking to experience the lively environment!

If you’re targeting to start an Airbnb business in Portland, you may be wondering which areas are the most attractive for investment, right?

In this article, we feature the best places to do Airbnb in Portland, Oregon, and some of the perks for Airbnb investment properties in the city. Continue reading to learn more.

Benefits of buying an investment property in Portland, Oregon

Starting an Airbnb business in Portland or nearby cities in Oregon is a great way of achieving financial freedom because it offers fruitful opportunities for real estate investors.

As a place with breathtaking natural surroundings and a great cultural scene, Portland surely sounds like a dreamy city, right? Yet, you may be wondering what are the perks offered by this location in Oregon to real estate investors. Check out some of the major benefits that Portland offers:

Portland’s real estate market

Portland’s overall economy and job market are growing rather quickly, and thanks to this, more people are immigrating to this city. For that reason, the demand for housing is steadily increasing. The average property price is currently $525K while the median sold price is $467K as confirmed by Realtor.

Based on Norada Real Estate report, Portland’s housing prices faced a sudden increment during the past few years, yet, it still offers one of the cheapest markets among all the cities located on the West Coast.

Strong economy with a booming job market

Portland enjoys a strong and diversified economy in which the tech and tourism sectors greatly contribute to the city’s economic situation. In fact, many major companies have placed their HQs in Portland, such as Intel, IBM, Nike and Daimler. Thanks to this, the city’s employment market grows rather quickly as it offers a plethora of job opportunities that attract many professionals.

International tourist destination

Did you know that Portland welcomes nearly 11M tourist arrivals every year? This surely sounds interesting to real estate investors looking to cater to tourist accommodations. Portland is one of the greenest cities in the country that offers plenty of natural options as well as an outstanding cultural scene, thus, it is easy to understand why people are eager to visit this city.

Is Airbnb Profitable in Portland, Oregon?

Let’s cut to the chase! Airbtics confirms that Airbnb investment properties in Portland Oregon are certainly financially rewarding. But investors should still, take into account that the level of profitability depends on the property type and location.

According to Airbnb occupancy rates by city, an average Airbnb host in Portland can earn up to $33,348 with an average occupancy rate of 60% during the peak seasons (July – August). With over 3,342 Airbnb listings in Portland, it’s certainly a catch for property investors!

10 Most Profitable Places to Airbnb near Portland, Oregon

Portland is the largest city in the state of Oregon and has more than 90 lively neighborhoods. Aside from that, there are a variety of nearby cities that are attractive as well so it’s easy to understand why you may be having a hard time choosing the perfect location for your Airbnb listing in Portland!

Check out the best neighborhoods and nearby cities in Portland, Oregon, that are highly recommended for starting an Airbnb business:

1. Irvington, Portland

Total Number of Airbnb Listings: 71
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $489,900
Airbnb Annual revenue: $67,548
Gross rental yield: 13.79%

2. Overlook, Portland

Total Number of Airbnb Listings: 41
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $429,000
Airbnb Annual revenue: $57,438
Gross rental yield: 13.38%

3. Portland Downtown

Total Number of Airbnb Listings: 108
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $410,000
Airbnb Annual revenue: $48,274
Gross rental yield: 11.77%

4. Sellwood – Moreland, Portland

Total Number of Airbnb Listings: 72
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $440,000
Airbnb Annual revenue: $50,949
Gross rental yield: 11.58%

5. Northwest District, Portland

Total Number of Airbnb Listings: 167
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $745,000
Airbnb Annual revenue: $79,760
Gross rental yield: 10.71%

6. Beaverton, OR

Distance from Portland: 6 miles
Total Number of Airbnb Listings: 129
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $379,889
Airbnb Annual revenue: $51,626
Gross rental yield: 13.58%

7. Seaside, OR

Distance from Portland: 68 miles
Total Number of Airbnb Listings: 368
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $489,000
Airbnb Annual revenue: $72,625
Gross rental yield: 14.85%

8. Lincoln City, OR

Distance from Portland: 75 miles
Total Number of Airbnb Listings: 197
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $550,000
Airbnb Annual revenue: $62,848
Gross rental yield: 11.42%

9. Eugene-Springfield, OR

Distance from Portland: 109 miles
Total Number of Airbnb Listings: 760
Best bedroom size: 4 bedrooms
Median property price (4 bedrooms): $575,000
Airbnb Annual revenue: $108,284
Gross rental yield: 18.83%

10. Bend, OR

Distance from Portland: 121 miles
Total Number of Airbnb Listings: 855
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $689,000
Airbnb Annual revenue: $77,748
Gross rental yield: 11.29%

Summary

Portland has plenty of neighborhoods and nearby cities that can bring attractive rental yields and annual revenue. Thanks to this, it also has many lucrative areas that offer good investment opportunities to Airbnb hosts. Still, we encourage Airbnb hosts like you to analyze each of the options carefully.

Discovering the best places to Airbnb in Portland, Oregon is indeed a great way to start your journey and now you should go further. Check our Airbtics’ Airbnb income calculator and stand out among your competitors now!

Explore The Most Profitable Airbnb Locations Near Portland

Tags lat_45.5202471, lng_-122.674194

Blog posts Case studies & Insights Investment

Best Places to Airbnb Near San Jose: Investing in California Real Estate

Post author By Magdalena Jara
Post date March 3, 2023

best places to airbnb near san jose

Key Takeaways

San Jose’s job market attracts many young professionals and entrepreneurs to the city. Aside from this, many travelers visit this city annually, which has helped Airbnb hosts to earn a good passive income with their rental properties.
Find out why investing in an Airbnb property in San Jose and nearby cities is a good idea.
The 10 best neighborhoods and nearby cities in San Jose are revealed – along with their recommended property types and Airbnb data.

Introduction

San Jose is considered the capital of Silicon Valley since it is the financial, technological, and political center. This city welcomes everyone to enjoy its modern environment, lively streets and friendly locals. Thus, it’s understandable why many people love this place!

If you are looking for one of the best places to invest in Airbnb in California, then you should consider San Jose. This city is home to several major companies that open the doors to great job opportunities. It also owns a bustling tourist market that investors who are looking to cater to tourism accommodations will surely love!

Are you wondering what places near San Jose are the best for Airbnb investment? In this article, we’ll feature the most profitable places for Airbnb in San Jose, California. We also added some of the expectations for rental properties in this city. Continue reading to learn more!

Why invest in a rental property in San Jose, California?

It’s a given fact that San Jose is a great sunny destination with breathtaking landscapes and a financial & tech hub! Yet, the housing market may make real estate investors interested in California take a step back. This is because the average property value is $1,242,406, which is higher than the national average.

But don’t worry too much because there are also good reasons why investing in San Jose, California real estate is still a profitable idea:

Great tourist market

Aside from its business environment, San Jose has plenty of places to visit and enjoy. This includes museums, water parks, great restaurants, and bars. Thanks to that, it attracts around 2.8M visitors annually and the number of people who come to the city continues to increase!

Thus, the tourism industry and business traveler revenue contribute significantly to San Jose’s economy. This also means that the demand for tourist accommodations is consistent.

Booming job market

San Jose is widely known as the home to major tech and financial companies that offer great job opportunities to young professionals. To name a few, the main headquarters of big companies like PayPal, Netflix, and Adobe are located here. Hence, it’s understandable that this city owns a bustling job market. In fact, the unemployment rate in San Jose is 2.1%, which is lower than the US average.

Prime location

San Jose’s location in California is great since it’s close to major cities such as Santa Clara, San Francisco and Sacramento. In addition to this, we can find Silicon Valley’s airport and San Jose International Airport which are just 3.9 miles away from downtown.

Is Airbnb Profitable in San Jose, CA?

Wondering whether your real estate investment in San Jose would be lucrative or not? Airbtics confirms that investing in an Airbnb property in San Jose is profitable. Still, it should be noted that the level of profitability depends on the property type and location.

According to Airbtics’ data, there are currently 1,428 Airbnb listings in San Jose. An Airbnb host can expect an average annual revenue of $82,806 for operating a 3-bedroom property in this city.

10 Best Places to Invest in Airbnb near San Jose, California

San Jose is one of the largest cities in the state of California and its exciting neighborhoods offer much more than what first meets the eye. So it’s understandable if you’re having a hard time choosing the best place to set up your Airbnb listing in San Jose.

Check out the best areas and nearby cities in San Jose that are highly recommended for starting an Airbnb business:

1. South San Jose

Total Number of Airbnb Listings: 187
Best bedroom size: 4 bedrooms
Median property price (4 bedrooms): $1,188,000
Airbnb Annual revenue: $181,006
Gross rental yield: 15.24%

2. Central San Jose

Total Number of Airbnb Listings: 672
Best bedroom size: 4 bedrooms
Median property price (4 bedrooms): $1,100,000
Airbnb Annual revenue: $93,154
Gross rental yield: 8.47%

3. North San Jose

Total Number of Airbnb Listings: 188
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $1,079,999
Airbnb Annual revenue: $79,826
Gross rental yield: 7.39%

4. East San Jose

Total Number of Airbnb Listings: 207
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $580,000
Airbnb Annual revenue: $42,426
Gross rental yield: 7.31%

5. West San Jose

Total Number of Airbnb Listings: 315
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $1,175,000
Airbnb Annual revenue: $83,309
Gross rental yield: 7,09%

6. Mountain View, CA

Distance from San Jose: 11 miles
Total Number of Airbnb Listings: 308
Best bedroom size: 1 bedroom
Median property price (1 bedroom): $650,000
Airbnb Annual revenue: $57,323
Gross rental yield: 8.82%

7. Santa Clara, CA

Distance from San Jose: 12 miles
Total Number of Airbnb Listings: 381
Best bedroom size: 1 bedroom
Median property price (1 bedroom): $568,000
Airbnb Annual revenue: $47,796
Gross rental yield: 8.41%

8. Santa Cruz, CA

Distance from San Jose: 23 miles
Total Number of Airbnb Listings: 275
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $1,350,000
Airbnb Annual revenue: $137,365
Gross rental yield: 10.17%

9. San Mateo, CA

Distance from San Jose: 27 miles
Total Number of Airbnb Listings: 194
Best bedroom size: 1 bedroom
Median property price (1 bedroom): $649,000
Airbnb Annual revenue: $69,181
Gross rental yield: 10.65%

10. Sacramento, CA

Distance from San Jose: 82 miles
Total Number of Airbnb Listings: 753
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $469,900
Airbnb Annual revenue: $55,146
Gross rental yield: 11.73%

Conclusion

In summary, San Jose has great & profitable areas that offer an attractive cash-on-cash return to real estate investors interested in California’s market. While there are plenty of neighborhoods and nearby cities in San Jose with high rental yields and annual revenue, it is still worth analyzing different options thoroughly.

After discovering the best places to Airbnb near San Jose, California, take advantage of the digital era and go further in your venture. Check Airbtics’ Airbnb income calculator to stand out among your competitors while maximizing your profitability!

Explore The Most Profitable Airbnb Locations Near San Jose

Tags lat_37.3361663, lng_-121.890591

Blog posts Case studies & Insights Investment

20 Best Cities to Airbnb Near Charlottesville, VA

Post author By Ramon Meris
Post date March 1, 2023

best cities to Airbnbb near Charlottesville

Key Takeaways:

Charlottesville is a chic town that is popular for its world-renowned universities like the University of Virginia. It has been a haven for property investors who cater to student accommodations as well.
Don’t be swayed by your gut feeling. Use short-term rental data analytics as you look for profitable Airbnb investment properties in Charlottesville and nearby cities.
Learn how much you can earn from each Airbnb market in Charlottesville and neighboring areas before making a big financial decision.

Introduction:

They say in matters of love, you should follow your heart. While this may not cover real estate investments, the good news is success in the game is within reach because it can be learned with ease. To prove a point, Charlottesville is home to the renowned University of Virginia. But fortunately, you do not have to earn a degree from this institution to kick-start your property investment.

Read this blog to know about the tools that you can use like Cupid’s arrow to hit your real estate investment goals in Virginia – the Lovers State.

best cities to Airbnbb near Charlottesville

How do I start looking for an investment property?

Choosing an investment property should be easy as long as you have the necessary data to back up your decision. Businesses often fail when owners act without caution. And when Airbnb investors rely on a powerful short-term rental analytics platform like Airbtics, they are sure to find profitable Charlottesville investment properties. If you are an up-and-coming Airbnb investor who still cannot afford to own a property, Airbnb Rental Arbitrage is always an available option.

Airbtics can also show them viable investment properties in Virginia as well as other neighboring states. This only widens their horizon and leads them to their perfect Airbnb market.

Is Virginia a good place for Airbnb?

Yes! Based on data from Airbtics Insights Tool, there are currently 458 listings in and around Charlottesville. Using the city as an Airbnb market in Virginia, the annual revenue that you can expect to gain from a Charlottesville property is $50,208 with an occupancy rate of 74%.

best cities to Airbnbb near Charlottesville

20 Best Cities to Airbnb near Charlottesville VA

Here is the list pulled out of Airbtics Discovery Tool showing the best Airbnb cities to invest in with key metrics to help you narrow down your choice:

1. Charlottesville

Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $295,388
Airbnb annual revenue: $61,998
Gross rental yield: 20.99%

2. Lynchburg

Best bedroom size: 1 bedroom
Median property price (1 bedroom): $148,628
Airbnb annual revenue: $22,979
Gross rental yield: 15.46%
Distance from Charlottesville: 58 miles

3. Richmond

Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $79,176
Airbnb annual revenue: $46,740
Gross rental yield: 18.3%
Distance from Charlottesville: 65 miles

4. Alexandria

Best bedroom size: 1 bedroom
Median property price (1 bedroom): $65,751
Airbnb annual revenue: $45,625
Gross rental yield: 16.4%
Distance from Charlottesville: 93 miles

5. Baltimore

Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $192,977
Airbnb annual revenue: $52,518
Gross rental yield: 27.21%
Distance from Charlottesville: 134 miles

6. Virginia Beach

Best bedroom size: 5 bedrooms
Median property price (5 bedrooms): $390,546
Airbnb annual revenue: $124,675
Gross rental yield: 31.92%
Distance from Charlottesville: 139 miles

7. Durham

Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $448,365
Airbnb annual revenue: $48,962
Gross rental yield: 13.08%
Distance from Charlottesville: 143 miles

8. Norfolk

Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $170,362
Airbnb annual revenue: $41,464
Gross rental yield: 20.39%
Distance from Charlottesville: 144 miles

9. Raleigh

Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $389,982
Airbnb annual revenue: $53,237
Gross rental yield: 13.65%
Distance from Charlottesville: 152 miles

10. Greensboro

Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $148,376
Airbnb annual revenue: $34,122
Gross rental yield: 23%
Distance from Charlottesville: 153 miles

11. Virginia Beach

Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $324,112
Airbnb annual revenue: $83,003
Gross rental yield: 25.61%
Distance from Charlottesville: 160 miles

12. Winston-Salem

Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $139,128
Airbnb annual revenue: $36,854
Gross rental yield: 26.49%
Distance from Charlottesville: 170 miles

13. Chincoteague

Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $324,802
Airbnb annual revenue: $56,555
Gross rental yield: 17.41%
Distance from Charlottesville: 170 miles

14. Pittsburgh

Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $174,912
Airbnb annual revenue: $39,435
Gross rental yield: 22.55%
Distance from Charlottesville: 185 miles

15. Fayetteville

Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $296,655
Airbnb annual revenue: $27,528
Gross rental yield: 16.33%
Distance from Charlottesville: 205 miles

16. Kill Devil Hills

Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $469,936
Airbnb annual revenue: $87,051
Gross rental yield: 18.52%
Distance from Charlottesville: 208 miles

17. Philadelphia

Best bedroom size: 4 bedrooms
Median property price (4 bedrooms): $295,378
Airbnb annual revenue: $68,910
Gross rental yield: 23.33%
Distance from Charlottesville: 222 miles

18. Beech Mountain

Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $249,813
Airbnb annual revenue: $40,298
Gross rental yield: 16.13%
Distance from Charlottesville: 226 miles

19. Charlotte

Best bedroom size: 4 bedrooms
Median property price (4 bedrooms): $564,525
Airbnb annual revenue: $72,076
Gross rental yield: 14.77%
Distance from Charlottesville: 234 miles

20. Atlantic City

Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $164,034
Airbnb annual revenue: $50,498
Gross rental yield: 30.79%
Distance from Charlottesville: 236 miles

Conclusion

Reaching success in the short-term rental business in Charlottesville and nearby cities is easy once investors are led by data analytics. The simple-to-use Airbtics Discovery Tool has provided specific markets that investors can choose from depending on their preferred property size and price. Important investment figures like annual revenue and gross rental yield are also provided to help investors get closer to their financial goals.

If you plan to invest or already have a short-term rental property, see for yourself how you can maximize your profits by checking out our free Airbnb Calculator.

Explore The Most Profitable Airbnb Locations Near Charlottesville

Tags lat_38.029306, lng_-78.4766781

Key Takeaways

Introduction

Is Adelaide a Good Place for Investment Property?

What are the Major Events in Adelaide?

1. Adelaide Festival

2. Womadelaide

Where to Invest in an Airbnb property in Adelaide, Australia?

1. Adelaide CBD

2. Henley Beach

3. Semaphore

Takeaway

Key Takeaways

Introduction

What is AirDNA?

What is Data Rabbu?

AirDNA vs Rabbu: Features & Tools

1. Airbnb Calculator

2. Deal Alerts

3. Market Minder

4. Property Management

5. Enterprise Solutions

AirDNA vs Data Rabbu Pricing: Which is Worth it?

Feedback from AirDNA vs Data Rabbu Users

AirDNA & Data Rabbu Alternatives

Summary: What’s the Best Short-Term Rental Analytics for You?

Key Takeaways

Introduction

Why should you consider investing in Columbus Real Estate?

Affordable cost of living

Healthy economy

Tourist and student markets

Is Airbnb Profitable in Columbus, OH?

10 Most Profitable Areas near Columbus for Airbnb

1. Franklinton, Columbus

2. German Village, Columbus

3. Fifth by Northwest, Columbus

4. Harrison West, Columbus

5. Downtown Columbus, Columbus

6. Dayton, OH

7. Cincinnati, OH

8. Cleveland, OH

9. Akron, OH

10. Pittsburgh, PA

Takeaway

Explore The Most Profitable Airbnb Locations Near Columbus

Key Takeaways

Introduction

Is Indianapolis good for real estate investment?

Best Cities to Airbnb Near Indianapolis

1. Indianapolis

2. Cincinnati

3. Louisville

4. South Bend

5. Lexington-Fayette

6. Chicago

7. Columbus

8. Ann Arbor

9. Saint Louis

10. Detroit

Conclusion

Explore The Most Profitable Airbnb Locations Near Indianapolis

Key Takeaways

Introduction

Is Airbnb legal in Washington State?

Is Washington a good state to invest in real estate?

10 Best Cities to Airbnb in Washington State and Nearby Cities

1. Seattle

2. Chelan

3. Seaside

4. Portland

5. Beaverton

6. Lincoln City

7. McCall

8. Boise

9. Ketchum

10. Sun Valley

Conclusion

Explore The Most Profitable Airbnb Locations around Washington State

Key Takeaways

Introduction