Category: Case Studies

NYC Airbnb Occupancy Rate: Top Events Airbnb Hosts Should Know

Post author By Ramon Meris
Post date April 17, 2023

nyc airbnb occupancy rate

Key Takeaway

Learn how much the NYC Airbnb occupancy rate fluctuates when major events are happening.
This article offers valuable New York real investing information on how much you can adjust the nightly rate of your short-term rental property.

Introduction

They say, “if you can make it here, you can make it anywhere.” But you’re already in New York and can do better in its Airbnb market by using short-term rental data analytics. In this blog, we will talk about events in New York that draw more than the usual number of guests for your Airbnb rentals!

Can you do short-term rentals in New York City?

With proper registration, short-term rentals are allowed in New York City. The local government also compels you to share your hosting and listing data. You can decide not to do so. However, you can only host a tenant for at least 30 days. Complaints can be easily submitted. So, make sure that you follow the local regulations regarding short-term rentals.

How profitable is Airbnb in NYC?

New York City currently has 8,844 listings. An NYC host with a 2-bedroom Airbnb unit can charge an average nightly rate of $189. The said property size brings in $62,810 annual revenue with a staggering occupancy rate of 89%.

Top NYC Events Every Airbnb Host Should Know

Tourists from every part of the world come to New York City throughout the year. But there are just events that make spikes in the number of visitors. Using the Airbtics Dashboard, we can know how much Airbnb hosts in various New York real estate markets earn during the months of major events:

1. St Patrick’s Day

Attendees: 150,000 people
When: March
Area: Midtown Manhattan
- Best Property size: 2 bedrooms
- March Occupancy Rate: 100%
- March Revenue: $7,377
- March Nightly Rate: $277
- Airbnb annual revenue: $111,038
- Average occupancy rate: 92%

2. Tribeca Film Festival

Attendees: 150,000 people
When: June
Area: Lower Manhattan
- Best Property size: 3 bedrooms
- June Occupancy Rate: 100%
- June Revenue: $24,188
- June Nightly Rate: $762
- Airbnb annual revenue: $219,387
- Average occupancy rate: 89%

3. National Puerto Rican Day

Attendees: 1.5 Million
When: June
Area: Midtown Manhattan
- Best Property size: 2 bedrooms
- June Occupancy Rate: 100%
- June Revenue: $11,564
- June Nightly Rate: $384
- Airbnb annual revenue: $111,038
- Average occupancy rate: 92%

4. NYC Pride Parade

Attendees: 2.1 Million
When: June
Area: Lower Manhattan
- Best Property size: 3 bedrooms
- June Occupancy Rate: 100%
- June Revenue: $24,188
- June Nightly Rate: $762
- Airbnb annual revenue: $219,387
- Average occupancy rate: 89%

5. US Open

Attendees: 700,000+
When: August
Area: Flushing
- Best Property size: 2 bedrooms
- August Occupancy Rate: 89%
- August Revenue: $5,135
- August Nightly Rate: $197
- Airbnb annual revenue: $50,282
- Average occupancy rate: 77%

6. New York Comic Con

Attendees: 200,000
When: October
Area: West Side
- Best Property size: 2 bedrooms
- October Occupancy Rate: 100%
- October Revenue: $9,302
- October Nightly Rate: $345
- Airbnb annual revenue: $110,944
- Average occupancy rate: 88%

7. Village Halloween Parade

Attendees: 50,000 – 60,000
When: October
Area: Midtown Manhattan
- Best Property size: 2 bedrooms
- October Occupancy Rate: 100%
- October Revenue: $10,382
- October Nightly Rate: $380
- Airbnb annual revenue: $111,038
- Average occupancy rate: 92%

8. New York International Auto Show

Attendees: 1 Million people
When: April
Area: Midtown Manhattan
- Best Property size: 2 bedrooms
- April Occupancy Rate: 100%
- April Revenue: $9,906
- April Nightly Rate: $334
- Airbnb annual revenue: $111,038
- Average occupancy rate: 92%

Conclusion

Buying property in NYC began has cost you a lot of money. So, it’s important to not leave money on the table should you decide to Airbnb your New York property. Part of this is adjusting your nightly rate without losing the number of bookings. And as we have learned, you can definitely do that with the help of short-term rental data analytics. You can start exploring what it can do for you by trying this Airbnb Profit Calculator for free!

On the other hand, you can research more profitable markets with the help of reliable analytics tools such as Airbtics. By doing so, you can also discover the average Airbnb occupancy rate in other cities, their annual revenue and much more!

Monitor Your Market & Have An Empire State of Returns!

Tags Airbnb Occupancy, lat_40.7127281, lng_-74.0060152

Airbnb Investment All About Airbnb Case Studies

Where to Invest in Milwaukee? Top Neighborhoods for Airbnb Investments

Post author By Ramon Meris
Post date April 17, 2023

where to invest in milwaukee

Key Takeaway

• Milwaukee has 913 Airbnb listings. And with the right tool, you can dive deep into specific areas for you to check their profitability. Where to invest in Milwaukee? This article will answer it with numbers.

Introduction

Milwaukee is home to 30 world-class museums. But aside from its cultural aspect, it can also be a great city for short-term rentals. Fortunately, you can use modern technology such as short-term rental data analytics in finding the best neighborhoods for your future Milwaukee real estate investment.

Is Milwaukee a good place to own rental property?

The cost of buying a property in Milwaukee is very competitive at just $172,782. The price is 52.8% lower than the US median property price of $327,514. Other factors also play perfectly well in favor of owning a Milwaukee real estate investment.

Aside from its proximity to Chicago and Minneapolis, Milwaukee is the most STR-friendly city. These things matter. Aside from US short-term rental regulations varying depending on the city, local short-term rental areas can be unpredictable due to ever-changing regulations. So, just imagine owning a rental property in Wisconsin. All you need to do so pay the appropriate taxes in a market that does not restrict short-term rentals.

Is Airbnb profitable in Milwaukee?

According to Airbtics Data, a resounding yes! Milwaukee is a vibrant Airbnb market with 913 listings. A host owning a 3-bedroom unit with an average occupancy rate of 56% can earn $40,074 in annual revenue. To manage everyone’s expectations, these figures will change depending on the property size and location.

Top Airbnb Investment Areas in Milwaukee

The powerful Airbtics Dashboard finds that the following neighborhoods can be tapped for short-term rentals in Milwaukee.

1. Lower East Side

Total Airbnb Listings: 117 properties
Best Property Size: 5 bedrooms
Property Price: $419,900
Annual Occupancy Rate: 57%
Annual Revenue: $107,699
Gross Rental Yield: 25.65%

2. Bay View

Total Airbnb Listings: 109 properties
Best Property Size: 4 bedrooms
Property Price: $269,500
Annual Occupancy Rate: 67%
Annual Revenue: $74,321
Gross Rental Yield: 27.58%

3. Harbor View – Walker’s Point

Total Airbnb Listings: 53 properties
Best Property Size: 1 bedroom
Property Price: $175,000
Annual Occupancy Rate: 55%
Annual Revenue: $28,473
Gross Rental Yield: 16.27%

4. Upper East Side – Murray Hill

Total Airbnb Listings: 41 properties
Best Property Size: 3 bedrooms
Property Price: $319,000
Annual Occupancy Rate: 77%
Annual Revenue: $54,647
Gross Rental Yield: 17.13%

5. Brewer’s Hill

Total Airbnb Listings: 27 properties
Best Property Size: 3 bedrooms
Property Price: $250,000
Annual Occupancy Rate: 76%
Annual Revenue: $37,745
Gross Rental Yield: 15.1%

Can’t find the right Airbnb market for you? Look beyond Milwaukee and see the Best Places to Airbnb in Wisconsin!

Conclusion

While Milwaukee is already an Airbnb market, we have learned that the city can be segmented into smaller markets by using the right tools such as Airbtics’ Custom Market. The property price in Milwaukee is enough reason to go for it. But in this article, we have found the earning potential of our potential neighborhoods to help you seal the deal in your short-term rental venture in Milwaukee.

Don’t just wing your short-term rental pricing. Check our free Airbnb profit estimator to make sure you’re doing it right!

From eying a prospective market to optimized pricing, rely on Airbtics for easy and accurate short-term rental data analytics!

Tags Airbnb Investments, lat_43.0349931, lng_-87.922497

Case Studies

Short Term Rental vs Long Term Rental in Orlando

Post author By Ramon Meris
Post date April 14, 2023

Short Term Rental vs Long Term Rental in Orlando

Key Takeaways:

For traditional landlords in Orlando who want to up their rental collection, short-term rentals are a way to go. But for it to work, Airbnb hosts also need to do their part. If you’re already a short-term rental operator, incorporating data analytics into your strategy will give you a ton of insights when it comes to charging a nightly rate.

Introduction

Pundits have declared that the 2023 recession is inevitable. As someone who owns one or several rental properties in Orlando, you are surely restrategizing to make the most out of your real estate investments. While Florida is declared generally safe from the upcoming recession, you may still be wondering how to make your rental property not just survive but thrive in this year’s economic climate. So, we’re here to guide you through.

Whether you own a short-term or long-term rental property in Orlando, this article is for you! We believe that economic analysts should not be the only people who have access to numbers. You too can make sound investment decisions in the upcoming recession by relying on easy-to-use data analytics.

Differences between Short Term Rental Vs Long Term Rental

Let’s first distinguish one from the other. As we all know, long-term rentals have been a traditional form of housing. They are offered to tenants who choose to reside on a property for at least 6 months with a binding lease agreement. Property owners decide to collect a higher rent than the mortgage to generate monthly income that remains unchanged regardless of the ever-changing economic circumstance.

On the other hand, the setup for a short-term rental is renting out a property to visitors or guests for a very short period. It works pretty much like hotels where guests can stay in for only a couple of days. This can viably extend to weeks or even months. Short-term rentals offer a cozy atmosphere as well as significantly cheaper nightly rates compared to hotels. This is why guests keep coming back to short-term rentals.

Since short-term rentals have become widely used all over the world, rental arbitrage is another popular trend. It has given a lot of nonproperty owners a steady stream of passive income by simply re-renting a unit and listing it on Airbnb, VRBO, or HomeAway. This is a wise, effective, and legal income-generating hustle. Just imagine having a side income from a property that you do not own.

If you’re interested in having another stream of income via real estate without spending a fortune, here’s everything you need to know about rental arbitrage in Orlando.

Rental Regulations in Orlando

Orlando Long-Term Rentals

Orlando has a newly enforced “Tenant Bill of Rights.” This bill aims to promote the well-being of tenants and protects them from any form of discrimination. It also requires landlords to provide a list of fees that tenants have to be paid upfront. These fees cannot be adjusted during the lease. It also mandates landlords to put 60 days’ notice before terminating the lease or increasing the rent by more than 5%.

Orlando Short-Term Rentals

Hosts have to secure a short-term rental permit for their Airbnb properties. They need to pay $275 for the first year and $100 for every succeeding year. You can register your property via this portal. The local government of Orlando will review your application and will get back to applicants in 3-4 business days.

Advantages of Long-Term Rentals in Orlando:

Below are the advantages of operating a long-term or traditional rental property in Orlando:

Continuously growing population – Orlando’s 2023 population is 312,280, which grows annually at 0.5%. This number has increased by 1.52% since the last census.
A steady stream of income – You are ensured to have a steady and regular monthly income immune to erratic economic conditions. The average monthly rent in Orlando is $2,192.
Steady operating costs – You do not need to shell out money upfront for furnishings since the tenants will most likely have their own.
Laid-back management – You will have less interaction with your tenants, and you do not need to be hands-on with managing your property. This is risky, however, since damages on the property can get worse if they’re left unattended.

Advantages of Short-Term Rentals in Orlando:

On the other hand, here are perks that short-term rentals can offer to Airbnb hosts in Orlando:

Very low seasonality rate – Airbtics Dashboard shows that Orlando has a very seasonality rate of just 38%. This means that cash flow is just as stable and does not get affected by the changing events or seasons in Orlando.
Flexible pricing – You can adjust the nightly rate depending on seasonality or market demand.
Experience managing the property – Building connections with people by hosting different guests. If this is not your thing, you can still manage the property remotely via automated management tools.
Feel more control over the property – Since guests only stay in for a limited time, you can easily make changes to your property. Without getting worse, any damages can be repaired in no time and also be covered by Airbnb insurance.

Do you make more money on Airbnb or long-term rentals in Orlando?

According to Airbtics’ Data, you can earn more from an Airbnb in Orlando! As an example, a 1-bedroom property on E Michigan Street can generate a monthly rental income of $1,325 or $15,900 annually. That’s not really bad. However, Airbnb units with the same property size near the said area earn an average of $31,665 annually. They have a nightly rate of $88 and an occupancy rate of 81%.

Short-Term Rental Markets in Orlando

We already have an idea of short-term vs long-term rental income in Orlando. Airbnb is the way to go since it’s one of the top STR cities in the US. Orlando is already a rental market – and a very huge one at that. But what landlords do not know is Orlando can be broken down into smaller markets where you can monitor your closest competitors.

It just so happens that Airbtics has this innovation that allows users to create a Custom Market. From 970 Airbnb listings in Orlando, let us now dive deep into the top rental markets in the city and learn the best property features with the highest occupancy rate and corresponding annual revenue:

1. Lake Eola Heights

Existing Airbnb listings: 30
Average daily rate: $96
Airbnb occupancy rate: 89%
Airbnb annual revenue: $36,041
Best property size: 1 bedroom
- Occupancy rate: 94%
- Annual revenue: $39,477

2. Lawsona – Fern Creek

Existing Airbnb listings: 28
Average daily rate: $101
Airbnb occupancy rate: 81%
Airbnb annual revenue: $35,062
Best property size: 3 bedrooms
- Occupancy rate: 97%
- Annual revenue: $43,164

3. Lake Davis

Existing Airbnb listings: 14
Average daily rate:$93
Airbnb occupancy rate: 78%
Airbnb annual revenue: $31,672
Best property size: 2 bedrooms
- Occupancy rate: 85%
- Annual revenue: $41,272

As you make use of the game-changing Airbtics Custom Market, feel free to draw your own “Orlando Rental Market” as it is not limited by geographical boundaries. The only limit, however, is showing you a maximum of 20,000 Airbnb listings within your own market.

Maximize Your Rental Income

Every investor wants to get the most out of their investment This is understandable because their capital can be a few hundred thousand to even a million dollars. Real estate investments can be a bit tricky since there’s really nothing much that you can do with the property. Instead, homeowners can strategize their rental business for their financial freedom to be unscathed in the upcoming economic recession. This can allow homeowners not only to keep but also increase their market rent in Orlando.

For traditional landlords who want to up their rental collection, short-term rentals are a way to go. But for it to work, Airbnb hosts also need to do their part. If you’re already a short-term rental operator, incorporating data analytics into your strategy will give you a ton of insights when it comes to charging a nightly rate. As we have seen, Airbtics can provide us with macro and micro views of rental markets for you to arrive at a data-driven decision!

Take your Airbnb to the next level, try this powerful Short-Term Rental Profit Calculator!

Be on Top of the Orlando Airbnb Market &
Make Your Property Investment Recession Ready!

Tags lat_28.5421109, lng_-81.3790304

Case Studies

Short Term Rental vs Long Term Rental in Atlanta

Post author By Ramon Meris
Post date April 14, 2023

short term rental vs long term rental in Atlanta

Key Takeaways:

For traditional landlords in Atlanta who want to up their rental collection, short-term rentals are a way to go. But for it to work, Airbnb hosts also need to do their part. If you’re already a short-term rental operator, incorporating data analytics into your strategy will give you a ton of insights when it comes to charging a nightly rate.

Introduction

Pundits have declared that the 2023 recession is inevitable. As someone who owns one or several rental properties in Atlanta, you are surely restrategizing to make the most out of your real estate investments. Economic experts from the University of Georgia vouch for the strength of the state’s economy that it will even outperform the nation this year. While this is positive news, converting your rental property – from short-term to long-term, or vice versa – still crosses your mind. So, we’re here to guide you through.

Whether you own a short-term or long-term rental property in Atlanta, this article is for you! We believe that economic analysts should not be the only people who have access to numbers. You too can make sound investment decisions in the upcoming recession by relying on easy-to-use data analytics.

Differences between Short Term Rental Vs Long Term Rental

If you’re interested in having another stream of income via real estate without spending a fortune, here’s everything you need to know about rental arbitrage.

Rental Regulations in Atlanta

Atlanta Long-Term Rentals

The State of Georgia compels the landlords to shoulder the cost of repairs during the lease unless the tenants are directly responsible for the damage. Any failure on the part of the landlord to immediately repair such damages that result in injury qualifies for a lawsuit. Check this handbook for more information about Atlanta long-term rental regulations.

Atlanta Short-Term Rentals

Hosts are required to secure Short-Term Rental Licenses from the local government of Atlanta and pay $150 annually. You may register via this portal. Please note that you can have only two Airbnb units in Atlanta, one of which should be your primary residence.

Advantages of Long-Term Rentals in Atlanta:

Below are the advantages of operating a long-term or traditional rental property in Atlanta:

High urban population – Atlanta is home to 4.5 million residents, making it 9th largest city by urban population in the United States.
A steady stream of income – You are ensured to have a steady and regular monthly income immune to erratic economic conditions. The average monthly rent in Atlanta is $2,180.
Steady operating costs – You do not need to shell out money upfront for furnishings since the tenants will most likely have their own.
Laid-back management – You will have less interaction with your tenants, and you do not need to be hands-on with managing your property. This is risky, however, since damages on the property can get worse if they’re left unattended.

Advantages of Short-Term Rentals in Atlanta:

On the other hand, here are perks that short-term rentals can offer to Airbnb hosts in Atlanta:

Low seasonality rate – Airbtics Dashboard shows that Atlanta has a very seasonality rate of just 41%. This means that cash flow is just as stable and does not get affected by the changing events or seasons in Atlanta.
Flexible pricing – You can adjust the nightly rate depending on seasonality or market demand.
Experience managing the property – Building connections with people by hosting different guests. If this is not your thing, you can still manage the property remotely via automated management tools.
Feel more control over the property – Since guests only stay in for a limited time, you can easily make changes to your property. Without getting worse, any damages can be repaired in no time and also be covered by Airbnb insurance.

Do you make more money on Airbnb or long-term rentals in Atlanta?

Airbtics data shows that you can earn more from an Airbnb in Atlanta! A 1-bedroom property on Fairmont Avenue can earn a monthly rent of $1,861 or an annual rent of $22,332. But this figure can still increase via Aibnb! In fact, 1-bedroom short-term rentals in the same area earn an annual revenue of $25,613 from a nightly rate of $107 with an average occupancy rate of 49%.

Short-Term Rental Markets in Atlanta

We already have an idea of short-term vs long-term rental income in Atlanta. Airbnb is the way to go. Atlanta is already a rental market – and a very huge one at that. Thus, it’s understandable why it is one of the USA’s top STR cities this 2023. But what landlords do not know is Atlanta can be broken down into smaller markets where you can monitor your closest competitors.

It just so happens that Airbtics has this innovation that allows users to create a Custom Market. From 970 Airbnb listings in Atlanta, let us now dive deep into the top rental markets in the city and learn the best property features with the highest occupancy rate and corresponding annual revenue:

1. Midtown

Existing Airbnb listings: 468
Average daily rate: $142
Airbnb occupancy rate: 67%
Airbnb annual revenue: $39,285
Best property size: 3 bedroom
- Occupancy rate: 73%
- Annual revenue: $78,642

2. Hotel District

Existing Airbnb listings: 426
Average daily rate: $127
Airbnb occupancy rate: 58%
Airbnb annual revenue: $31,020
Best property size: 2 bedrooms
- Occupancy rate: 57%
- Annual revenue: $38,349

3. Inman Park

Existing Airbnb listings: 77
Average daily rate: $158
Airbnb occupancy rate: 68%
Airbnb annual revenue: $44,335
Best property size: 2 bedrooms
- Occupancy rate: 71%
- Annual revenue: $58,261

As you make use of the game-changing Airbtics Custom Market, feel free to draw your own “Atlanta Rental Market” as it is not limited by geographical boundaries. The only limit, however, is showing you a maximum of 20,000 Airbnb listings within your own market.

Maximize Your Rental Income

Take your Airbnb to the next level, try this powerful Short-Term Rental Profit Calculator!

Be on Top of the Atlanta Airbnb Market &
Make Your Property Investment Recession Ready!

Tags lat_33.7489924, lng_-84.3902644

Case Studies

Short Term Rental vs Long Term Rental in Chicago

Post author By Ramon Meris
Post date April 13, 2023

short term rental vs long term rental in chicago

Key Takeaways:

For traditional landlords in Chicago who want to up their rental collection, short-term rentals are a way to go. But for it to work, Airbnb hosts also need to do their part. If you’re already a short-term rental operator, incorporating data analytics into your strategy will give you a ton of insights when it comes to charging a nightly rate.

Introduction

Pundits have declared that the 2023 recession is inevitable. As someone who owns one or several rental properties in Chicago, you are surely restrategizing to make the most out of your real estate investments. So, we’re here to guide you through.

Whether you own a short-term or long-term rental property in Chicago, this article is for you! We believe that economic analysts should not be the only people who have access to numbers. You too can make sound investment decisions in the upcoming downturn by relying on easy-to-use data analytics.

Differences between Short Term Rental Vs Long Term Rental

If you’re interested in having more streams of income via real estate, here’s everything you need to know about rental arbitrage in Chicago.

Rental Regulations in Chicago

Chicago Long-Term Rentals

Traditional forms of rentals in Chicago are regulated by the Residential Landlord and Tenant Ordinance. As a nudge to improve the quality of housing conditions in the city. it highlights the rights and responsibilities of both the property owners and tenants. The ordinance is a comprehensive guide that covers rental agreements, security of deposits, foreclosure, and habitability of the rental property.

Chicago Short-Term Rentals

The Chicago rental market trends have influenced the local government to oversee the industry in the city. Short-term rentals are regulated by Chicago’s Shared Housing Ordinance. This compels property owners to obtain necessary licenses from Business Affairs and Consumer Protection. Licenses are valid for 1 year, and hosts have to pay $125 annually for every registered unit. Only then that they can list and advertise their Chicago rental properties on Airbnb, VRBO, HomeAway, and similar websites.

Advantages of Long-Term Rentals in Chicago:

Below are the advantages of operating a long-term or traditional rental property in Chicago:

Strong population – With over 2.5 million residents, Chicago is the largest city by population in Illinois and third in the United States. This fact alone can guarantee landlords a strong market demand for long-term rental properties.
A steady stream of income – You are ensured to have a steady and regular monthly income immune to erratic economic conditions. The average monthly rent in Chicago is $1,950.
Steady operating costs – You do not need to shell out money upfront for furnishings since the tenants will most likely have their own.
Laid-back management – You will have less interaction with your tenants, and you do not need to be hands-on with managing your property. This is risky, however, since damages on the property can get worse if they’re left unattended.

Advantages of Short-Term Rentals in Chicago:

On the other hand, here are perks that short-term rentals can offer to Airbnb hosts in Chicago:

Moderate seasonality – While the seasonality is 69%, your unit will still get booked in most parts of the year.
Flexible pricing – You can adjust the nightly rate depending on seasonality or market demand
Experience managing the property – Building connections with people by hosting different guests. If this is not your thing, you can still manage the property remotely via automated management tools.
Feel more control over the property – Since guests only stay in for a limited time, you can easily make changes to your property. Without getting worse, any damages can be repaired in no time and also be covered by Airbnb insurance.

Do you make more money on Airbnb or long-term rentals in Chicago?

According to Airbtics’ Data, you can earn more from an Airbnb in Chicago. For example, a 2-bedroom property can earn $1,850 / month or $22,200 annually. But an Airbnb with the same property size close to the area can earn $67,431 per year. The earning can come from the average nightly rate of $335 with a 52% occupancy rate.

Short-Term Rental Markets in Chicago

We already have an idea of short-term vs long-term rental income in Chicago. Airbnb is the way to go. Chicago is already a rental market – and a very huge one at that. Not for nothing this city’s market is regarded as one of the short-term rental trends in the US 2023. But what landlords do not know is Chicago can be broken down into smaller markets where you can monitor your closest competitors.

It just so happens that Airbtics has this innovation that allows users to create a Custom Market. Let us now dive deep into the top rental markets in Chicago and learn the best property features with the highest occupancy rate and corresponding annual revenue:

1. Lincoln Park

Existing Airbnb listings: 233
Average daily rate: $206
Airbnb occupancy rate: 71%
Airbnb annual revenue: $57,441
Best property size: 2 bedrooms
- Occupancy rate: 75%
- Annual revenue: $69,908

2. Wicker Park

Existing Airbnb listings: 153
Average daily rate: $195
Airbnb occupancy rate: 69%
Airbnb annual revenue: $52,310
Best property size: 2 bedrooms
- Occupancy rate: 79%
- Annual revenue: $54,007

3. Logan Square

Existing Airbnb listings: 289
Average daily rate: $135
Airbnb occupancy rate: 74%
Airbnb annual revenue: $40,940
Best property size: 2 bedrooms
- Occupancy rate: 77%
- Annual revenue: $44,879

Maximize Your Rental Income

Take your Airbnb to the next level, try this powerful Short-Term Rental Profit Calculator!

Make your Airbnb in Chicago Recession Ready

Tags lat_41.8755616, lng_-87.6244212

Airbnb Investment All About Airbnb Case Studies

Best Places to Airbnb in Alberta: Top Areas for Income Properties near Calgary

Post author By Magdalena Jara
Post date April 3, 2023

best places to Airbnb in Alberta

Key Takeaways

The healthy economy, growing job market, and high quality of life in Calgary have helped many hosts create a good rental income by owning Airbnb listings.
Get to know the reasons why investing in rental properties in Calgary and nearby cities can help you achieve the desired financial freedom.
We reveal the top 10 neighborhoods and nearby cities in Calgary along with their respective Airbnb data such as recommended property types and gross rental yields, among others.

Introduction

Alberta is the fourth largest and the most visited province in Canada, thanks to its wide range of tourist attractions. Most of its attractions are naturally made, full of prairies and boreal forests. On top of that, the western part of Alberta is flanked by the extraordinary Rocky Mountains.

Among Alberta’s beautiful cities, we can find the cosmopolitan city of Calgary. Also known as Stampede City and Cowtown, Calgary is a tech and financial hub of great importance. Moreover, it is also considered one of the cities with the best quality of life in the world.

Alberta certainly is a catch. Yet, you may be wondering: what are the best areas for real estate investing here, specifically around Calgary, right? Then, allow us to lend you a hand!

In this blog, we reveal the best places to invest in Airbnb in the surrounding areas of Calgary, Alberta. We also mention some of the main advantages that investors can consider when investing in real estate in Calgary. Stoked to learn more? Then you should continue reading.

best places to Airbnb in Alberta

Why should you consider buying a rental property in Calgary, Alberta?

Owning a rental property in Calgary or nearby cities of Alberta won’t only allow investors to enjoy all kinds of wonderful experiences, but it will also offer them the opportunity to eventually achieve financial freedom. With that being said, there’s still a question that you probably have – what are the advantages that Calgary offers to real estate investors?

Check out some of the reasons why investing in real estate in Calgary, Alberta is a great idea:

Great quality of life

Local living conditions are among the essential considerations when targeting a specific market. Calgary is one of the cleanest cities in the world with a high standard of living. The city boasts clean sewage systems, and the air quality is quite good as there’s not much pollution.

Living in Calgary means you will have access to top-quality amenities, great entertainment, and impeccable recreational facilities. Moreover, Calgary’s public transportation system is excellent with a reliable network of trains and buses.

Robust economy

Calgary has one of the highest GDP per capita among the major Canadian cities. It has been enjoying a positive economic growth for two consecutive years. The city has the highest concentration of tech workers and many big corporations are also headquartered here.

Calgary’s population is steadily growing and keeping up with its strong economy, growing job market, and great living standards. Considering it’s attracting more interprovincial as well as international migration, the city has a strong rental market that warmly invites those looking for homes to rent needed for relocation.

Top-tier destination for outdoor lovers

Thanks to its prime location near the Rocky Mountains, Calgary offers a wide array of activities for all those who love engaging themselves in exciting outdoor activities. The city also owns the most extensive network of urban pathways and bikeways in North America. So if you’re looking to maintain an active lifestyle, Calgary is perfect for you as it is also home to Canada Olympic Park!

On the other hand, Calgary also offers a vibrant arts scene with a plethora of art galleries and museums. In addition to this, the city hosts renowned festivals and events such as the iconic Calgary Stampede.

Affordable real estate market

While most of the major cities in Canada have an expensive real estate market, Calgary stands out as one of the top affordable places. In Calgary, real estate investors can find a variety of housing options at low prices. Currently, the average property price is C$518,100, which is almost half the median value of the housing market in cities like Toronto and Vancouver.

Is Airbnb Profitable in Calgary Alberta?

Airbtics confirms that investing in an income property around Calgary is certainly financially rewarding. Moreover, Calgary is also one of the Canadian cities with the highest average daily rates!

Calgary is indeed a profitable city with great investment opportunities. But despite that, real estate investors must consider that the level of profitability depends on other factors such as the property type and location.

According to Airbtics’ data, an average Airbnb host can earn up to C$45,576 with a median occupancy rate of 81% for managing a 1-bedroom property in Calgary.

10 Most Profitable Areas for Investments Property around Calgary, Alberta

There are many Airbnb host expenses to consider when you plan on owning a rental property, yet the most important part is to analyze the property’s location.

Alberta is the fourth largest province of Canada with 19 municipalities. On the other hand, the largest metro area of the province, Calgary, has around 197 communities. Therefore, you can guess that the profitability of each of them is consequently different! For this reason, it’s understandable if you’re struggling to choose the best location to set up your rental property around Calgary.

Check out the best neighborhoods and nearby cities in Calgary, Alberta that are recommended for starting an Airbnb business:

1. Sunalta, Calgary

Total Number of Airbnb Listings: 45
Best bedroom size: 1 bedroom
Median property price (1 bedroom): C$159,000
Airbnb Annual revenue: C$28,465
Gross rental yield: 17.90%

2. Downtown, Calgary

Total Number of Airbnb Listings: 180
Best bedroom size: 1 bedroom
Median property price (1 bedroom): C$199,900
Airbnb Annual revenue: C$35,621
Gross rental yield: 17.82%

3. Betline, Calgary

Total Number of Airbnb Listings: 304
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): C$279,900
Airbnb Annual revenue: C$47,848
Gross rental yield: 17.09%

4. Crescent Heights, Calgary

Total Number of Airbnb Listings: 39
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): C$255,000
Airbnb Annual revenue: C$39,007
Gross rental yield: 15.30%

5. Bridgeland-Riverside, Calgary

Total Number of Airbnb Listings: 33
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): C$379,900
Airbnb Annual revenue: C$57,942
Gross rental yield: 15.25%

6. Airdrie, AB

Distance from Calgary: 36 miles
Total Number of Airbnb Listings: 72
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): C$324,900
Airbnb Annual revenue: $39,115
Gross rental yield: 12.04%

7. Canmore, AB

Distance from Calgary: 105 miles
Total Number of Airbnb Listings: 1,238
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): C$649,000
Airbnb Annual revenue: C$85,302
Gross rental yield: 13.14%

8. Banff, AB

Distance from Calgary: 127 miles
Total Number of Airbnb Listings: 127
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): C$544.900
Airbnb Annual revenue: C$101,022
Gross rental yield: 18.54%

9. Red Deer, AB

Distance from Calgary: 150 miles
Total Number of Airbnb Listings: 114
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): C$180,000
Airbnb Annual revenue: C$27,382
Gross rental yield: 15.21%

10. Edmonton, AB

Distance from Calgary: 300 miles
Total Number of Airbnb Listings: 1,299
Best bedroom size: 1 bedroom
Median property price (1 bedroom): C$93,000
Airbnb Annual revenue: C$24,070
Gross rental yield: 25.89%

WANT TO ANALYZE OTHER PROFITABLE RENTAL MARKETS IN CANADA?

Go ahead and check out the highest revenue Airbnb locations in Canada!

Conclusion

The province of Alberta offers plenty of profitable cities with a variety of housing options and prices. Taking this into account, we can conclude that real estate investors can certainly obtain a good cash-on-cash return by operating a short-term rental in the Calgary area and nearby cities.

Discovering the best places to Airbnb in Alberta is a great way to start your journey! Still, we encourage you to take things to the next level by making use of the top analytics tools such as our Airbtics’ Airbnb calculator. Move forward and boost your profitability now!

Tags Airbnb Investments, lat_51.0460954, lng_-114.065465

Airbnb Investment All About Airbnb Case Studies

Best Places in Alabama for Airbnb: Where to invest in rental properties near Birmingham?

Post author By Magdalena Jara
Post date March 29, 2023

Best Places in Alabama for Airbnb: Where to invest in rental properties near Birmingham?: Investing in the best places to Airbnb near Birmingham, Alabama can help you to achieve the desirable financial freedom. Learn more here!

Home > Resources > Airbnb Investment >

Investing in the best places to Airbnb near Birmingham, Alabama can help you to achieve the desirable financial freedom. Learn more here!

August 18, 2023

Key Takeaways

Birmingham’s stable economy, growing population, and cheap cost of living have helped plenty of Airbnb hosts & investors to generate a nice rental income.
Learn the top reasons why buying a property investment in Alabama can become a financially rewarding experience for investors.
Get a glimpse of the most lucrative neighborhoods and nearby cities in Birmingham, AL while discovering their Airbnb data and recommended property sizes.

Introduction

You must have heard the melody of Sweet Home Alabama, right? But there’s much more about this beautiful state than the chorus of this song. Alabama is a land full of rich history, culture, and offers plenty of adventures!

Among the major cities of Alabama, we can find the most populous metropolitan area, Birmingham, which is bordered by the imposing Appalachians. Birmingham is a charming city filled with entertaining experiences. This is one of the main reasons why visitors come back without hesitation.

In this blog, we’ll open the doors for you to discover the best places to invest in Airbnb near Birmingham, Alabama. We also noted some of the advantages that real estate investors can have when buying a rental property in this location. Interested in learning more? Then continue reading.

Why should you consider investing in rental properties in Alabama?

Investing in short-term rentals in Alabama is an excellent plan since you can achieve financial freedom. This city also offers a variety of opportunities to real estate investors.

Yet, there’s an important question – what kind of advantages does this state offer to real estate investors? Check out some of the top reasons why you should consider investing in Alabama’s real estate market:

Strong economy & low unemployment rate

Alabama is an innovative state with a healthy economy that is mainly driven by industries like real estate, manufacturing, healthcare, aerospace, and tourism. The state’s GDP reached $206.9B in 2022 as confirmed by IBISWorld. In addition to this, the unemployment rate in the state is currently 2.5%, which is lower than the national average.

If we dive deeper, we can find that the metropolitan area of Birmingham is home to many big corporations like Regions Financial Corporation, Coca-Cola Bottling Company, and Brasfield & Gorrie. These companies provide a great number of great job opportunities that make young professionals relocate to the city.

Affordable cost of living

The state of Alabama enjoys a strong & diverse economy and its population is steadily growing. On top of that, the state also has one of the lowest property taxes in the US. Considering this, its rental market experiments a strong demand.

Alabama’s overall cost of living is lower than the national average and in most cities, the median housing price is also cheaper. For example, in major cities like Birmingham, the median house value is $95K, $127K in Montgomery, and $168K in Mobile.

Rich history and plenty of leisure options

Alabama is a state that blends history, culture, and adventures together with fantastic natural surroundings while great music plays in the background. So it’s understandable that over 28M people visit the city every year.

From interesting museums to great restaurants, beaches and mountains, Alabama surely has something for everyone. In fact, it has a great location as it is bordered by the Gulf of Mexico in the southern area while the northern parts of the state are mostly mountainous as it’s flanked by the Appalachian mountains.

Is Airbnb Profitable in Birmingham, AL?

Wondering if Airbnb real estate investments are worth it? Don’t worry because Airbtics confirms that investment properties in Birmingham are certainly beneficial!

It also shows that the nearby areas in Alabama can be a great way to generate a good rental income. But don’t go too fast because analyzing factors like the ideal property type and location are essential to generate high profitability.

Based on Airbtics’ data, an Airbnb host can earn up to $63,020 with an average occupancy rate of 60% for managing a 4-bedroom property in Birmingham.

Source: Airbtics Dashboard

Top Locations to Invest in Rental Properties around Birmingham, Alabama

Birmingham is the largest metropolitan area in the state of Alabama, which is divided into 23 communities and has over 99 designated neighborhoods. Considering this, it can be challenging to choose the right location for your rental property.

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


Location	Number of Airbnb Listings	Best Number of Bedrooms	Median Property Price	Airbnb Annual Revenue	GRY
Fountain Heights, Birmingham	28	2 Bedrooms	$125,000 (2 BD)	$47,825	38.26%
Highland Park, Birmingham	39	2 Bedrooms	$229,000 (2 BD)	$44,764	19.55%
Five Points South, Birmingham	105	4 Bedrooms	$484,900 (4 BD)	$88,086	18.17%
Central City, Birmingham	36	1 Bedroom	$239,900 (1 BD)	$35,343	14.73%
Hoover, AL (10 mi away)	64	2 Bedrooms	$160,000 (2 BD)	$32,467	20.30%
Montgomery, AL (91 mi away)	176	2 Bedrooms	$115,000 (2 BD)	$31,225	27.15%
Huntsville, AL (101 mi away)	344	3 Bedrooms	$185,000 (3 BD)	$31,861	17.22%
Auburn, AL (110 mi away)	122	2 Bedrooms	$205,000 (2 BD)	$37,689	18.38%
Mobile, AL (257 mi away)	231	1 Bedroom	$110,000 (1 BD)	$23,547	21.41%
Fairhope, AL (260 mi away)	98	2 Bedrooms	$275,000 (2 BD)	$77,908	28.85%

Airbnb Location

Airbnb Dataset

Fountain Heights, Birmingham

Total Number of Airbnb Listings: 28
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $125,000
Airbnb Annual revenue: $47,825
Gross rental yield: 38.26%

Highland Park, Birmingham

Total Number of Airbnb Listings: 39
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $229,000
Airbnb Annual revenue: $44,764
Gross rental yield: 19.55%

Five Points South, Birmingham

Total Number of Airbnb Listings: 105
Best bedroom size: 4 bedrooms
Median property price (4 bedrooms): $484,900
Airbnb Annual revenue: $88,086
Gross rental yield: 18.17%

Central City, Birmingham

Total Number of Airbnb Listings: 36
Best bedroom size: 1 bedroom
Median property price (1 bedroom): $239,900
Airbnb Annual revenue: $35,343
Gross rental yield: 14.73%

Hoover, AL

Distance from Birmingham: 10 miles
Total Number of Airbnb Listings: 64
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $160,000
Airbnb Annual revenue: $32,467
Gross rental yield: 20.30%

Montgomery, AL

Distance from Birmingham: 91 miles
Total Number of Airbnb Listings: 176
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $115,000
Airbnb Annual revenue: $31,225
Gross rental yield: 27.15%

Huntsville, AL

Distance from Birmingham: 101 miles
Total Number of Airbnb Listings: 344
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $185,000
Airbnb Annual revenue: $31,861
Gross rental yield: 17.22%

Auburn, AL

Distance from Birmingham: 110 miles
Total Number of Airbnb Listings: 122
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $205,000
Airbnb Annual revenue: $37,689
Gross rental yield: 18.38%

Mobile, AL

Distance from Birmingham: 257 miles
Total Number of Airbnb Listings: 231
Best bedroom size: 1 bedroom
Median property price (1 bedroom): $110,000
Airbnb Annual revenue: $23,547
Gross rental yield: 21.41%

Fairhope, AL

Distance from Birmingham: 260 miles
Total Number of Airbnb Listings: 98
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $275,000
Airbnb Annual revenue: $77,908
Gross rental yield: 28.85%

Source: Airbtics Dashboard

Summary

In conclusion, Birmingham offers a few profitable neighborhoods, but there are also a variety of cities in Alabama offering interesting investment opportunities. Investors are usually keen on discovering these as they provide good rental yields and revenue. On top of that, the housing market in Alabama is fairly affordable compared to other states in the country.

While knowing the top areas to buy a rental property in Alabama is a great way to start your journey, it’s always important to analyze all metrics carefully. Thus, you should go ahead and check the Airbnb markets in other profitable US cities!

Moreover, we recommend you to take advantage of the digital era and step up to the next level by making use of the best analytics tools to boost your earnings. Check our Airbnb income calculator and stand among your competitors now!

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Short-Term Rental Data

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Find unsaturated neighborhoods with the highest occupancy history.

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Airbnb Investment All About Airbnb Case Studies

Best Places to Airbnb in Montana: A Guide to Property Investment 2023

Post author By Magdalena Jara
Post date March 29, 2023

best places to Airbnb in Montana

Key Takeaways

● Montana is one of the fastest-growing states in the nation that offers an affordable real estate market and plenty of recreational options. Thanks to this, many hosts have the chance to earn a nice rental income by owning Airbnb listings.

● Get to know the advantages that real estate investors can enjoy when investing in the real estate market in the state of Montana.

● Find out the top 10 areas around Montana along with their recommended property types, average prices, and specific Airbnb data.

Introduction

Montana is one of the eight Mountain states in the US that borders North Dakota and South Dakota, Wyoming, and Idaho. The state is home to the soaring peaks of the Rocky Mountains with pristine lakes and meadows that offers breathtaking landscapes, fascinating wildlife and a rich cultural heritage.

It is also known as the “Big Sky Country” due to the unobstructed skyline that allows visitors to enjoy the sky that seems to go on forever. Montana offers plenty of iconic views and recreational activities.

Yet, there’s still an important factor that you should take into account before taking the next step in your journey – where are the most profitable locations for investment properties in Montana?

In this article, you will discover the best places to invest in Airbnb in the state of Montana. We also featured some of the reasons why investing in real estate in this city is a profitable option. Interested in learning more? Then continue reading.

Why should you consider investing in rental properties in Montana?

Investing in real estate in one of the cities of the state of Montana is an amazing idea because it offers a good return to investors. Most importantly, they can eventually achieve financial freedom. Montana has unique natural surroundings as the home of Glacier National Park and the Rocky Mountains. But aside from that, what are the advantages that this state offers to real estate investors?

Check out some of the reasons why buying an Airbnb investment property in Montana is an excellent idea:

Plenty of things to do

Montana is surrounded by two extraordinary national parks, Glacier and Yellowstone, which both have endless natural wonders between them. Thanks to this, the state is an incredible place to experience exciting adventures while discovering wilderness areas and forests.

Whether you choose to visit Montana during the summer or winter, you will always have a variety of recreational activities available. In the summer, you can choose to do rafting, hiking, and biking. On the other hand, during the winter, you can go to one of the many top-tier places to ski like the Whitefish Mountain Resort and the Big Sky resort.

Fastest-growing state

The population in Montana is steadily increasing and currently, the state occupies the 4th place in the nation by growth rate (1.2% annually). The average annual employment growth is currently at 1.3%. The top three industries that contribute a lot to the state’s economy are real estate, healthcare, social assistance, and manufacturing. In addition to this, the unemployment rate across the state is 2.4%.

Real estate market: cheap or not?

While the overall cost of living in Montana is higher than the national average, there are certain cities in the state that are quite affordable. Miles City, Anaconda, Butte, Great Falls, and Billings are some of the cheapest cities to live in Montana,

According to Zillow, the average home value in Montana is currently priced at $420K. But if we take a look at the specific cities’ markets, we can find out that their real estate prices are cheaper. For instance, in Miles City, the median housing price is $249, $229K in Anaconda, $243k in Butte, and $356K in Billings.

Is Airbnb Profitable in Montana?

Take it easy because Airbtics assures you that investing in real estate in Montana is indeed lucrative. That being said, we must point out that the level of profitability depends on other factors such as the property type and location.

According to Airbtics’ data, an Airbnb host can expect an average annual revenue of $41,358 and a median occupancy rate of 63% for operating a 3-bedroom property in the city of Billings.

Best Locations for Airbnb in Montana

There are many Airbnb host expenses to consider, but the most important part that you should deeply analyze is the property’s location.

Montana has over 454 cities and each of them is divided into a variety of neighborhoods. This means that the profitability in each neighborhood differs from one another! For example, its major city, Billings, it’s divided into 32 designated neighborhoods. Thus, taking this into account, it’s understandable if you’re struggling to choose the best place to set up your rental property in Montana.

Check out the best cities in Montana that are recommended for starting an Airbnb business:

1. Anaconda, MT

Total Number of Airbnb Listings: 56
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $235,000
Airbnb Annual revenue: $59,608
Gross rental yield: 25.37%

2. Great Falls, MT

Total Number of Airbnb Listings: 89
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $174,900
Airbnb Annual revenue: $36,112
Gross rental yield: 20.65%

3. Butte, MT

Total Number of Airbnb Listings: 100
Best bedroom size: 1 bedroom
Median property price (1 bedroom): $169,000
Airbnb Annual revenue: $29,688
Gross rental yield: 17.57%

4. Missoula, MT

Total Number of Airbnb Listings: 417
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $249,900
Airbnb Annual revenue: $43,304
Gross rental yield: 17.33%

5. Kalispell, MT

Total Number of Airbnb Listings: 117
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $399,000
Airbnb Annual revenue: $61,865
Gross rental yield: 15.51%

6. Bozeman, MT

Total Number of Airbnb Listings: 374
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $435,000
Airbnb Annual revenue: $65,543
Gross rental yield: 15.07%

7. Billings, MT

Total Number of Airbnb Listings: 224
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $219,000
Airbnb Annual revenue: $32,901
Gross rental yield: 15.02%

8. Livingston, MT

Total Number of Airbnb Listings: 52
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $250,000
Airbnb Annual revenue: $35,310
Gross rental yield: 14.12%

9. Helena, MT

Total Number of Airbnb Listings: 148
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $289,900
Airbnb Annual revenue: $38,076
Gross rental yield: 13.13%

10. Big Sky, MT

Total Number of Airbnb Listings: 679
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $749,000
Airbnb Annual revenue: $81,437
Gross rental yield: 10.87%

Summary

Overall, Montana’s real estate market offers a variety of housing options, low prices, and plenty of profitable locations. This testifies that investors can obtain a good return on investment by simply setting up an Airbnb listing.

After finding out the best places in Montana to buy a rental property, go ahead and check Airbtics’ short-term rental estimator. Stand out among your competitors and increase your profitability by making use of the best analytics tools!

Explore The Most Profitable Airbnb Locations Around Montana

Tags Airbnb Investments, lat_47.3752671, lng_-109.638757

Airbnb Investment All About Airbnb Case Studies

Best Places to Airbnb in Virginia: Where to buy investment properties near Richmond?

Post author By Magdalena Jara
Post date March 21, 2023

best places to airbnb in virginia

Key Takeaways

● Richmond is a fast-growing mid-sized city with an attractive real estate market and a solid economy that has helped many Airbnb hosts & investors to generate a good rental income with rental properties.

● Learn about the benefits of investing in rental properties within Richmond, Virginia, and nearby cities in the area.

● We disclose the most lucrative neighborhoods and nearby cities in Richmond, along with their Airbnb data and recommended property types.

Introduction

The old yet exciting capital of Virginia, Richmond, is nestled in the east-central region of the state at the fall line of the James River. This city has great historical significance since it was very involved in the Civil War. Thus, you can find plenty of places with considerable importance around the city as well as a variety of interesting museums.

Aside from the historical landmarks, Richmond also offers amazing natural spaces, modern districts, trendy restaurants, and breweries. For this reason, Richmond became a top tourist destination on the east coast of the US.

Richmond has a friendly social scene, high-quality healthcare, a solid job market, and a prime location. So, it’s understandable why this market can be an interesting target for real estate investors.

Feel free to listen and learn more about Airbnb hosting in Richmond with our podcast, Into The Airbnb as we featured an experienced host of this city:

In this article, you’ll discover the best places to do Airbnb in Richmond, Virginia, and also some of the advantages that real estate investments have in the city. Continue reading to learn more about this market!

Top reasons to invest in Richmond, Virginia

It’s a given fact that Richmond is a good place to live in. And because it offers a great quality of life and attractive investment opportunities, it’s also an ideal place to invest in.

Richmond has a lot to offer, but you may be wondering – what kind of advantages does this city in Virginia offer to real estate investors? Check out some of the main reasons why investing in Richmond is an excellent idea:

Reasonable cost of living

One of the main advantages of investing in Richmond is its modest cost of living. Considering that Richmond is a large metropolitan area in Virginia, you may think that its living expenses won’t be affordable, right? However, this city offers a moderate cost of living that is 6% lower compared to other cities in the state.

On the other hand, Richmond also has a healthy housing market that offers a variety of options and good returns. The average property price is currently $316K, trending up 8.9% year over year as confirmed by Zillow.

Solid economy and job market

Richmond has an attractive business environment with plenty of companies that offer great job opportunities to anyone moving to the city. This includes the industry of tech, manufacturing, finance, and law. In addition to this, Richmond ranks fourth in the economic growth potential for mid-sized cities.

Convenient location

Another factor that makes Richmond appealing is its proximity to other cities since is centrally located in the state. This easily opens the doors to short trips or weekend getaway opportunities. For example, Richmond is just about 2 hours drive from Washington DC and it’s also close to fascinating cities like Norfolk, Philadelphia, and Virginia Beach.

Plenty of leisure options

Richmond is well known for its historical importance, so there’s no shortage of places to visit when it comes to its history. But the city also offers a booming art scene and hosts a variety of exhibitions, college sports championships, concerts, and festivals.

In addition to this, Richmond also opens the doors to outdoor activities. Since it’s located at the James River, it allows people to go kayaking and swimming.

Is Airbnb Profitable in Richmond, VA?

Investing in rental properties in Richmond can turn into the perfect way to achieve financial freedom by earning a nice passive income. Moreover, Airbtics assures you that it can certainly be financially rewarding. But there are still some factors that investors should take into account such as the best property types and location before they invest in Richmond.

According to Airbtics’ analytics tool, an average Airbnb host can earn up to $61,350 with an average occupancy rate of 74% for managing a 3-bedroom property in Richmond.

Top Places near Richmond, VA for Airbnb Investments

There are many Airbnb host expenses to consider, but the most important part that you should deeply analyze is the property’s location.

Richmond has around 123 neighborhoods that are distributed into five distinct districts. Taking this into account, it can be a bit difficult to find the perfect location for your rental property.

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

1. Manchester, Richmond

Total Number of Airbnb Listings: 26
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $190,000
Airbnb Annual revenue: $40,635
Gross rental yield: 21.39%

2. Museum District, Richmond

Total Number of Airbnb Listings: 57
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $249,950
Airbnb Annual revenue: $47,680
Gross rental yield: 19.1%

3. The Fan District, Richmond

Total Number of Airbnb Listings: 65
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $249,950
Airbnb Annual revenue: $45,732
Gross rental yield: 18.30%

4. Jackson Ward, Richmond

Total Number of Airbnb Listings: 22
Best bedroom size: 1 bedroom
Median property price (1 bedroom): $249,950
Airbnb Annual revenue: $32,610
Gross rental yield: 13.05%

5. Shockoe Bottom, Richmond

Total Number of Airbnb Listings: 25
Best bedroom size: 1 bedroom
Median property price (1 bedroom): $300,000
Airbnb Annual revenue: $38,421
Gross rental yield: 12.81%

6. Newport News, VA

Distance from Richmond: 68 miles
Total Number of Airbnb Listings: 91
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $250,000
Airbnb Annual revenue: $45,147
Gross rental yield: 18.06%

7. Norfolk, VA

Distance from Richmond: 78 miles
Total Number of Airbnb Listings:
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $
Airbnb Annual revenue: $41,464
Gross rental yield: 21.27%

8. Alexandria, VA

Distance from Richmond: 90 miles
Total Number of Airbnb Listings:
Best bedroom size: 1 bedroom
Median property price (1 bedroom): $274,950
Airbnb Annual revenue: $45,625
Gross rental yield: 16.59%

9. Virginia Beach, VA

Distance from Richmond: 94 miles
Total Number of Airbnb Listings:
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $325,000
Airbnb Annual revenue: $83,003
Gross rental yield: 25.54%

10. Chincoteague, VA

Distance from Richmond: 117 miles
Total Number of Airbnb Listings:
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $405,000
Airbnb Annual revenue: $56,555
Gross rental yield: 14%

Takeaway

In conclusion, Richmond has great neighborhoods and nearby cities that can bring attractive rental yields and annual revenue to investors. As it has many profitable areas that offer good investment opportunities to Airbnb hosts & investors, it can turn into a great way of achieving financial freedom. However, we still encourage Airbnb hosts like you to analyze each of the options carefully.

Discovering the best places to Airbnb around Richmond, Virginia is indeed an excellent way to start your journey and now you should aim higher. Check our short-term rental calculator and increase your profitability now!

Explore The Most Profitable Airbnb Locations Near Richmond

Tags Airbnb Investments, lat_37.5385087, lng_-77.43428

Airbnb Investment All About Airbnb Case Studies

Best Places to Airbnb in Louisiana: Top areas for real estate investment near New Orleans

Post author By Magdalena Jara
Post date March 20, 2023

best places to Airbnb in louisiana

Key Takeaways

♦ Airbnb hosts operating short-term rentals in New Orleans are able to earn a good passive income thanks to its relatively low cost of living and strong tourism market.

♦ We feature the benefits that investors can enjoy when investing in short-term rentals in New Orleans and nearby cities in Louisiana.

♦ Find out the top 10 neighborhoods and nearby cities in New Orleans for Airbnb investments along with their respective Airbnb data.

Introduction

Best known as the Big Easy, New Orleans is situated in southeastern Louisiana along the Mississippi River and is considered the economic and commercial epicenter of the Gulf Coast region.

New Orleans is renowned worldwide for its creole cuisine, musical background, and thrilling festivals & events. Living in this city means that your days will be filled with exciting experiences.

The Big Easy is a city that can easily make anyone fall in love with its mix of cultures, streets filled with lively activities, and exquisite gastronomy. Moreover, it has a stable tourist market throughout the year. This has drawn many investors’ attention over the past few years. But you may wonder, “which are the best areas to Airbnb in New Orleans?” – don’t be troubled, we got you!

In this article, you will discover the best places to Airbnb in New Orleans, Louisiana, and some of the advantages of Airbnb investment properties in this city. Curious about the info? Then continue reading.

Advantages of Real Estate Investments in New Orleans, LA

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 significant reasons why an Airbnb investment property in New Orleans is a good idea:

♦ Relatively low cost of living

New Orleans is also a landlord-friendly city with a housing market that offers a variety of prices that remains relatively low. The average housing value in this city is $258K and prices were down 0.3% compared to last year as confirmed by Zillow Index.

On the other hand, Hurricane Katrina hit New Orleans in 2005, leaving devasting effects on the city and this brought down the cost of living. To date, New Orleans’ living cost is fairly lower than other major cities like Baltimore and Philadelphia. In fact, New Orleans is one of the cities where you can find cheap rental properties.

♦ No shortage of leisure activities

New Orleans offers a wide variety of entertaining activities, so you will never get bored in this city. The Big Easy has an excellent culinary scene, exciting nightlife, and a plethora of festivals. The city hosts big events almost every weekend, some of which even last for weeks, such as the popular Mardi Gras. Thanks to this, the city attracts a bunch of visitors.

♦ Good opportunities for short-term rentals

The Big Easy draws a great number of visitors annually. In fact, New Orleans’ economy is mainly driven by tourism and around 19M travelers visit the city annually. This leads the city to earn 3rd place as a top destination for city lovers in the US in 2022. For this reason, there’s a high demand for rental properties.

In addition, Airbnb was legalized in this market in 2016, and regulations for short-term rentals in New Orleans aren’t very strict either. Thus, it’s quite easy to get into the Airbnb business and earn a steady passive income in New Orleans.

Is Airbnb Profitable in New Orleans, LA?

Take it easy, Airbtics assures you that investing in short-term rentals in New Orleans is certainly profitable for real estate investors. While investors can earn a nice rental income, they still should keep in mind that the level of profitability depends on the property type and location.

According to Airbtic’s analytics tool, an average Airbnb host can make up to $46,907 per year with a median occupancy rate of 65% for operating an Airbnb listing in New Orleans. With over 4,677 Airbnb listings, New Orleans is surely a catch for real estate investors and hosts.

10 Most Profitable Areas for Airbnb near New Orleans, LA

New Orleans is the most populous city in the state of Louisiana. It has around 72 neighborhoods distributed around the city limits. Thus, it’s easy to have a hard time finding the best location to set up your Airbnb listing in New Orleans.

Check out the best neighborhoods and nearby cities in New Orleans that are highly recommended for Airbnb investment properties:

1. Mid-City, New Orleans

Total Number of Airbnb Listings: 164
Best bedroom size: 4 bedrooms
Median property price (4 bedrooms): $365,000
Airbnb Annual revenue: $102,874
Gross rental yield: 28.18%

2. Leonidas, New Orleans

Total Number of Airbnb Listings: 81
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $219,000
Airbnb Annual revenue: $58,004
Gross rental yield: 26.45%

3. Warehouse District, New Orleans

Total Number of Airbnb Listings: 290
Best bedroom size: 4 bedrooms
Median property price (4 bedrooms): $755,000
Airbnb Annual revenue: $197,812
Gross rental yield: 26.20%

4. Faubourg Livaudais, New Orleans

Total Number of Airbnb Listings: 78
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $425,000
Airbnb Annual revenue: $83,755
Gross rental yield: 19.71%

5. West Riverside, New Orleans

Total Number of Airbnb Listings: 85
Best bedroom size: 4 bedrooms
Median property price (4 bedrooms): $649,000
Airbnb Annual revenue: $64,852
Gross rental yield: 17.78%

6. Gulfport, MS

Distance from New Orleans: 68 miles
Total Number of Airbnb Listings: 319
Best bedroom size: 3 bedroom
Median property price (3 bedroom): $165,000
Airbnb Annual revenue: $45,619
Gross rental yield: 27.65%

7. Baton Rouge, LA

Distance from New Orleans: 82 miles
Total Number of Airbnb Listings: 328
Best bedroom size: 1 bedroom
Median property price (1 bedroom): $105,000
Airbnb Annual revenue: $26,147
Gross rental yield: 24.90%

8. Grand Isle, LA

Distance from New Orleans: 107 miles
Total Number of Airbnb Listings: 37
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): $299,000
Airbnb Annual revenue: $78,447
Gross rental yield: 26.24%

9. Lafayette, LA

Distance from New Orleans: 135 miles
Total Number of Airbnb Listings: 184
Best bedroom size: 4 bedrooms
Median property price (4 bedrooms): $270,000
Airbnb Annual revenue: $49,865
Gross rental yield: 18.47%

10. Pensacola, FL

Distance from New Orleans: 173 miles
Total Number of Airbnb Listings: 555
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): $179,000
Airbnb Annual revenue: $42,035
Gross rental yield: 23.48%

Conclusion

Overall, the neighborhoods and nearby cities in New Orleans are some of the best places to invest in Louisiana state as they offer great investment opportunities to investors.

Moreover, we encourage you to take advantage of the digital era by making use of analytics tools to leverage your profitability. Check out Airbtics’ short-term rental estimator and discover how much you can earn with Airbnb. Stand out among your competitors and maximize your earnings now!

Explore The Most Profitable Airbnb Locations Near New Orleans

Tags Airbnb Investments, lat_29.9759983, lng_-90.0782127

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Key Takeaway

Introduction

Can you do short-term rentals in New York City?

How profitable is Airbnb in NYC?

Top NYC Events Every Airbnb Host Should Know

1. St Patrick’s Day

2. Tribeca Film Festival

3. National Puerto Rican Day

4. NYC Pride Parade

5. US Open

6. New York Comic Con

7. Village Halloween Parade

8. New York International Auto Show

Conclusion

Monitor Your Market & Have An Empire State of Returns!

Key Takeaway

Introduction

Is Milwaukee a good place to own rental property?

Is Airbnb profitable in Milwaukee?

Top Airbnb Investment Areas in Milwaukee

1. Lower East Side

2. Bay View

3. Harbor View – Walker’s Point

4. Upper East Side – Murray Hill

5. Brewer’s Hill

Conclusion

From eying a prospective market to optimized pricing, rely on Airbtics for easy and accurate short-term rental data analytics!

Key Takeaways:

Introduction

Differences between Short Term Rental Vs Long Term Rental

Rental Regulations in Orlando

Orlando Long-Term Rentals

Orlando Short-Term Rentals

Advantages of Long-Term Rentals in Orlando:

Advantages of Short-Term Rentals in Orlando:

Do you make more money on Airbnb or long-term rentals in Orlando?

Short-Term Rental Markets in Orlando

1. Lake Eola Heights

2. Lawsona – Fern Creek

3. Lake Davis

Maximize Your Rental Income

Be on Top of the Orlando Airbnb Market & Make Your Property Investment Recession Ready!

Key Takeaways:

Introduction

Differences between Short Term Rental Vs Long Term Rental

Rental Regulations in Atlanta

Atlanta Long-Term Rentals

Atlanta Short-Term Rentals

Advantages of Long-Term Rentals in Atlanta:

Advantages of Short-Term Rentals in Atlanta:

Do you make more money on Airbnb or long-term rentals in Atlanta?

Short-Term Rental Markets in Atlanta

1. Midtown

2. Hotel District

3. Inman Park

Maximize Your Rental Income

Be on Top of the Atlanta Airbnb Market & Make Your Property Investment Recession Ready!

Key Takeaways:

Introduction

Differences between Short Term Rental Vs Long Term Rental

Rental Regulations in Chicago

Chicago Long-Term Rentals

Chicago Short-Term Rentals

Advantages of Long-Term Rentals in Chicago:

Advantages of Short-Term Rentals in Chicago:

Do you make more money on Airbnb or long-term rentals in Chicago?

Short-Term Rental Markets in Chicago

1. Lincoln Park

2. Wicker Park

Maximize Your Rental Income

Make your Airbnb in Chicago Recession Ready

Key Takeaways

Introduction

Why should you consider buying a rental property in Calgary, Alberta?

Great quality of life

Robust economy

Top-tier destination for outdoor lovers

Affordable real estate market

Is Airbnb Profitable in Calgary Alberta?

Be on Top of the Orlando Airbnb Market &
Make Your Property Investment Recession Ready!

Be on Top of the Atlanta Airbnb Market &
Make Your Property Investment Recession Ready!