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

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

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Best Places to Airbnb in Rhode Island: A Guide to Real Estate Investment near Providence

best places to airbnb in rhode island

Key Takeaways

● Providence’s growing economy, reasonable real estate prices, and solid tourist market have allowed many Airbnb hosts & investors to create a nice passive income. 

● Discover the top reasons why investing in rental properties in Providence, Rhode Island, can turn into a financially rewarding experience for real estate investors.

● Get to know the most lucrative neighborhoods and nearby cities in Providence, along with their Airbnb data and recommended property types.

Introduction

The friendly capital city of Rhode Island, Providence, is situated at the head of Narragansett Bay on the Providence River. Thanks to its location, the city developed as an important and busy port in the state.

The city of Providence may be small compared to other metropolitan areas in the US, but don’t let its size fool you because it offers much more than what first meets the eye. The city owns a vibrant culture with a fascinating culinary scene. Moreover, you can explore its historic neighborhoods, theatres and museums on foot!

Providence is also known for its great colleges such as the RI School of Design, Brown University, and Providence College. For this reason, the city attracts a great number of students which greatly impacts the housing market. 

In this article, you will discover the best places to invest in Airbnb in Providence, Rhode Island, and some of the reasons why investing in real estate in this city is a profitable option. Interested in learning more? Then continue reading.

Pros of buying a rental property in Providence, RI

Investing in short-term rentals in Providence or nearby cities is an excellent way of achieving financial freedom since it offers a variety of opportunities to real estate investors.

Undoubtedly, Providence is a beautiful city with plenty of history, but what kind of advantages does this city offer to real estate investors? Check out some of the top reasons why you should consider investing in Providence’s real estate market:

  • Growing economy

Providence enjoys a stable economy that is mainly driven by industries like tourism, education, trade, transportation, and healthcare. The city is also home to many major companies like United Natural Foods, Citizens Financial Group, and Trexton. 

While Providence’s economy suffered a recession during the pandemic, its GDP grew 5.3% in the New England region according to Boston Globe.

  • Reasonable housing prices

Providence has a stable economy that is steadily growing and great higher education institutes, hence, more people are interested in relocating to this sophisticated city. Considering this, its rental market experiments a strong demand. 

The median housing price is currently $334K with a 1-year value change of 5.8% as confirmed by Zillow. If we compare the property values with other northeastern areas, Providence’s market cost is fairly cheap.

  • Great location

Providence enjoys a prime location and those who relocated to this city can agree with this since they can have access to almost anything. The city is located close to major cities like Boston, New Haven and New York! So whether you’re going out of the city for a weekend gateway or business matters, Providence allows you to do it without any problems.

Moreover, if you want to travel longer distances, you also have access to the Rhode Island T. F. Green International Airport, which is just 13 minute drive from the city’s downtown.

  • No shortage of leisure activities

Providence owns a rich history, so if you’re someone who loves historical places, then this city will certainly win your heart. There are plenty of interesting places throughout the city such as the John Brown House Museum, The Stephen Hopkins house and Swan Point Cemetery.

In addition to this, Providence is bordered by the Atlantic Ocean, which allows the city to offer a breathtaking coastline with bays, and beaches that you can visit anytime. The city also enjoys a temperate climate with plenty of sunshine throughout the year that opens the door to a plethora of outdoor activities.

Is Airbnb Profitable in Providence, RI?

Wondering if Airbnb real estate investments are worth it? Don’t worry because Airbtics confirms that investment properties in Providence, RI are indeed a great wait to create a passive income that will allow you to achieve financial freedom. However, analyzing factors like finding the ideal property type and location are essential to generate high profitability. 

Based on Airbtics’ data, an average Airbnb host can earn up to $37,887 with an average occupancy rate of 76% for managing a 1-bedroom property in Providence. 

Top Areas to Buy an Investment Property in Providence, Rhode Island  

Providence is one of the oldest cities in the New England region and is also the larger community in the state of Rhode Island. The city has 25 designated neighborhoods and each of them carries its own interesting aspect. Hence, it can be challenging to choose the right location for your rental property.

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

1. Federal Hill, Providence
  • Total Number of Airbnb Listings: 111
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $175,000
  • Airbnb Annual revenue: $45,500
  • Gross rental yield: 26%
2. Mount Hope, Providence
  • Total Number of Airbnb Listings: 29
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $259,900
  • Airbnb Annual revenue: $57,800
  • Gross rental yield: 22.24%
3. Downtown Providence, Providence
  • Total Number of Airbnb Listings: 36
  • Best bedroom size: 1 bedroom
  • Median property price (1 bedroom): $199,000
  • Airbnb Annual revenue: $39,768
  • Gross rental yield: 19.98%
4. Olneyville, Providence
  • Total Number of Airbnb Listings: 35
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $219,900
  • Airbnb Annual revenue: $37,280
  • Gross rental yield: 16.95%
5. College Hill, Providence
  • Total Number of Airbnb Listings: 35
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $409,000
  • Airbnb Annual revenue: $64,572
  • Gross rental yield: 15.79%
6. Newport, RI
  • Distance from Providence: 24 miles 
  • Total Number of Airbnb Listings: 621
  • Best bedroom size: 1 bedroom
  • Median property price (1 bedroom): $475,000
  • Airbnb Annual revenue: $69,923
  • Gross rental yield: 14.72%
7. South Kingston, RI
  • Distance from Providence: 32 miles 
  • Total Number of Airbnb Listings: 223
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $400,000
  • Airbnb Annual revenue: $81,007
  • Gross rental yield: 20.25%
8. Boston, MA
  • Distance from Providence: 39 miles
  • Total Number of Airbnb Listings: 1,810
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $734,900
  • Airbnb Annual revenue: $99,932
  • Gross rental yield: 13.60%
9. Cambridge, MA
  • Distance from Providence: 41 miles 
  • Total Number of Airbnb Listings: 484
  • Best bedroom size: 1 bedroom
  • Median property price (1 bedroom): $625,000
  • Airbnb Annual revenue: $54,659
  • Gross rental yield: 8.76%
10. Provincetown, MA
  • Distance from Providence: 65 miles 
  • Total Number of Airbnb Listings: 504
  • Best bedroom size: 1 bedroom
  • Median property price (1 bedroom): $525,000
  • Airbnb Annual revenue: $67,435
  • Gross rental yield: 12.84%

Takeaway

We can conclude that there are a variety of profitable neighborhoods and cities nearby  Providence. The best places to Airbnb in Providence, Rhode Island, offer interesting investment opportunities with good rental yields and revenue to investors and hosts. 

While knowing the top areas to buy a rental property in Providence is a great way to start your journey, it’s always important to deeply consider analyzing each of the options.

Take advantage of the digital era and go further in your journey by making use of the best analytics tools available to increase your profitability. Check our Airbnb profit estimator and stand among your competitors now!

Explore The Most Profitable Airbnb Locations Near Providence

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Airbnb Investment All About Airbnb

Airbnb Property Investment UK: A Guide for Beginners in 2023

Discover expert tips for Airbnb property investment in the UK for beginners, profitability, upcoming events, and more!

Key Takeaways

  • Airbnb hosts in the UK have smoothly earned their passive income which helped them to cover mortgage payments and inflation among others. Airbnb confirmed that a typical host in the UK earned more than £3,500 during the summertime of 2022 alone.
  • Kick-start your Airbnb property investment with this complete guide for beginners, particularly written for those who are based in the UK. The top 6 upcoming events in the UK that Airbnb hosts should take note of, particularly in London, Glasgow, and Scotland, are highlighted in this article.
  • Discover the profitability of your preferred property type with an Airbnb calculator and find the best Airbnb areas with high demand in the United Kingdom. 

Introduction

Investing in a property for Airbnb is a risk that the majority of hosts take to generate additional income. Particularly in the United Kingdom, where Airbnb recently reported hosts who operate private rooms have earned over £170 million in 2022.

Sounds like a sweet deal, right? And who would say no to a generous passive income?

But the question is, how can beginners start a property investment in the UK?

In this article, we’ll feature a step-by-step process of Airbnb property investment in the UK, expert tips, upcoming events, and more. Stoked to learn more? Continue reading!

Is Airbnb Profitable in the UK?

Airbtics’ data confirms that Airbnb is profitable in the UK. An average host can expect to earn a monthly revenue of £2,446 with an average Airbnb occupancy rate of 55% in the UK. However, it’s good to note that the level of profitability depends on the following factors:

1. Location

Evaluating the location is extremely important to consider as it will reflect on your property’s return. Generally, it’s ideal to invest in a property that’s near your primary residence or office so that it can be managed well.

Apart from this, you should also consider whether the location is accessible to nearby tourist attractions, dining, or public transportation. Finding the best neighborhood for Airbnb property investment is the first step that you need to take. After all, this is a crucial step as it will affect your decision-making in the long run!

2. Market Saturation

A saturated market refers to the existing Airbnb listings in your preferred area. As a rule of thumb, it’s ideal to look into a market that’s not oversaturated. This is because oversaturated markets tend to have tight competition. And unfortunately, this may force you to lower your prices to get more bookings. 

As a beginner in the Airbnb industry, it’s highly recommended to look into the saturation of your target market to identify long-term profitability.

3. Property Type

Looking into the existing property types that are in demand in your area will help you cater to various Airbnb guests. For instance, if the property is located within the city centre where there are more business professionals than families, it might not be ideal to invest in 4-5 bedroom properties. Instead, you may opt for a studio-type or a 1-bedroom apartment.

4. Seasonality

The seasons and events in your target area are important to anticipate more bookings! This is where you can adjust your prices as the demand for accommodation increases.

Property investors are usually looking into markets with low seasonality. Take note that low seasonality does not mean that the area is not profitable! An area with low seasonality may have year-round bookings and, therefore, has a  steady revenue.

5. Potential Profitability

Getting a grasp of your profitability before investing in a property will help you set your expectations. While there are several Airbnb host expenses to prepare for, it’s equally important to gauge potential profitability as well. So you can begin exploring the most profitable Airbnb locations UK in 2023

Short-term rental analytics providers make this process easier for property investors. Making wise investment decisions should be a part of your initial planning to achieve success!

What are the Upcoming Events in the UK? 

The major events in the UK highly contribute to Airbnb bookings within the area.  This is where Airbnb hosts are excited the most as they can earn more by increasing their charge per night!
Here are some of the upcoming events in the UK that Airbnb hosts should take note of: 

1. Glasgow International Comedy Festival

The Glasgow Comedy Festival has been celebrated for 2 straight decades now. This year, there will be 380 shows in 37 different venues, celebrated in 19 days from March 15th to April 2nd, 2023.

Airbtics’ data shows that the median revenue in Glasgow City last March 2022 was £1,854. An Airbnb host in Glasgow can expect to earn the highest revenue in July and the lowest in January.

Property Investment UK for beginners
2. Scotland vs Italy Rugby World Cup

The players for the final day of the Six Nations Championship in 2023 are Scotland vs Italy. This Rugby Tournament will be held on March 18th at Murrayfield Stadium, Edinburgh. This event is most awaited by rugby fans as their last match was way back in 1996.

Airbtics confirm that an average host in Edinburgh can expect an annual revenue of £38,565 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 August.

3. Gemini Oxford and Cambridge Boat Race London

Known as one of the most iconic British events, The Oxford vs Cambridge Boat Race attracts thousands of spectators annually. This event will feature both men’s and women’s races which will be held on March 26th, 2023.

Recent data from Airbtics shows that there are currently 300 Airbnb listings along Thames Riverbanks near Putney Bridge. An Airbnb host in Glasgow can expect to earn the highest revenue in July and the lowest in February.

 

Where to Start Airbnb Investment in the United Kingdom? 

Now that you have a brief overview of property investment in the UK, let’s discover the most recommended Airbnb areas with high demand:

1. York
  • Airbnb occupancy rate: 62%
  • Average daily rate: £128
  • Airbnb annual revenue: £28,484
  • Best property size: 4 bedrooms
  • Existing Airbnb listings: 1,110 listings
2. Liverpool
  • Airbnb occupancy rate: 54%
  • Average daily rate: £111
  • Airbnb annual revenue: £22,416
  • Best property size: 2 bedrooms
  • Existing Airbnb listings: 1,499 listings
3. Belfast
  • Airbnb occupancy rate: 77%
  • Average daily rate: £101
  • Airbnb annual revenue: £26,682
  • Best property size: 2 bedrooms
  • Existing Airbnb listings: 764 listings
4. Plymouth
  • Airbnb occupancy rate: 58%
  • Average daily rate: £88
  • Airbnb annual revenue: £16,762
  • Best property size: 4 bedrooms
  • Existing Airbnb listings: 548 listings
5. Manchester
  • Airbnb occupancy rate: 69%
  • Average daily rate: £95
  • Airbnb annual revenue: £20,855
  • Best property size: 1 bedroom
  • Existing Airbnb listings: 950 listings

Takeaway

Property investment for beginners in the UK shouldn’t be a complex task in the digital era. In fact, the best location to buy property in London can be discovered in one click!

Airbnb data shows that property investment in the UK 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.

If you’re looking to invest in a property in the UK, using an Airbnb income calculator will help you make data-based decisions. Don’t make the wrong investment decisions based on guesses, try Airbtics now and stand out among your competitors!

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

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Airbnb Investment All About Airbnb

Cheapest West Virginia Property Investment Markets Below $200K

Cheapest West Virginia Property Investment Markets Below $200K: Look no more for the cheapest rental properties! These are the 5 most affordable West Virginia property investment markets with their GRY.

west virginia property investment

Look no more for the cheapest rental properties! These are the 5 most affordable West Virginia property investment markets with their GRY.

Key Takeaways

  • West Virginia is an untapped real estate market that offers investment opportunities to seasoned and up-and-coming real estate investors.
  • This article lists the 5 most affordable West Virginia rental markets with corresponding gross rental yields to jumpstart your income-generating rental property business.

West Virginia is known for its picturesque mountain landscape, but many people do not know that it’s also an affordable real estate market. The state has very competitive housing prices, which can be tapped into a profitable short-term rental market for seasoned and budding Airbnb investors.

In this article, we will take the country road to financial freedom and find the hidden income-generating gems of almost heaven, West Virginia!

Is West Virginia good for real estate?

West Virginia is good for real estate due to its low cost of living. This only makes owning a house a realistic goal. The state also imposes a very competitive property tax with a median of only $785 a year.  Aside from the real estate aspect, here are a few metrics that are worth mentioning:

  • Recovering economy – The economy of West Virginia continues to grow without any disruption. In fact, the state economy is on its way to full recovery from the impact of the COVID-19 pandemic. The economic outlook for the next 5 years is moderately positive. However, it may be prone to the effects of high inflation and interest rates. 
  • High tourism spending – Tourists in West Virginia spent more than $4.9 billion in 2021. This was higher than 3.8% compared to the pre-pandemic level. It was also reported that accommodation spending was totaling $723 million and rose 44.1%. Visitors who stayed in short-term rentals spent $176 million, a 15.6% increase from the previous year.
Profitable Airbnb Locations in West Virginia

Source: Airbtics Dashboard

While you can already see the aggregate data of an Airbnb city, the figures will also update when you use the advanced filters! The lead will not only be about location. You will know that you can maximize your revenue if you get the right property type and the best number of bedrooms in each of your target cities!

Where are the cheapest real estate markets in West Virginia?

Property prices in West Virginia are among the lowest in the United States. Keeping this in mind, finding a profitable real estate market in the state may seem like looking for a needle in a haystack. 

However, we used the  Airbtics Custom Market to dig deep into seemingly unprofitable markets. 

This powerful feature can better inform our next real estate investment moves. The following markets are not only cheap, but they also have high gross rental yields:

airbtics-logo-300x87
Location Number of Airbnb Listings Median Property Price Number of Bedrooms You Can Get Airbnb Annual Revenue GRY
Huntington 23 $85,000 2 Bedrooms $50,815 59.78%
Fayetteville 35 $129,000 3 Bedrooms $42,964 33.41%
Charleston 37 $190,000 3 Bedrooms $38,495 20.26%
Oak Hill 23 $69,000 2 Bedrooms $13,822 20.03%
Morgantown 25 $42,500 2 Bedrooms $13,542 31.86%

Airbnb Location

Airbnb Dataset

  • Total Number of Airbnb Listings: 23
  • Median Property Price: $85,000
  • Number of Bedrooms You Can Get: 2 bedrooms
  • Airbnb Annual revenue: $50,815
  • Gross Rental Yield: 59.78%
  • Total Number of Airbnb Listings: 35
  • Median Property Price: $129,000
  • Number of Bedrooms You Can Get: 3 bedrooms
  • Airbnb Annual revenue: $42,964
  • Gross Rental Yield: 33.31%
  • Total Number of Airbnb Listings: 37
  • Median Property Price: $190,000
  • Number of Bedrooms You Can Get: 3 bedrooms
  • Airbnb Annual revenue: $38,495
  • Gross Rental Yield: 20.26%
  • Total Number of Airbnb Listings: 23
  • Median Property Price: $69,000
  • Number of Bedrooms You Can Get: 2 bedrooms
  • Airbnb Annual revenue: $13,822
  • Gross Rental Yield: 20.03%
  • Total Number of Airbnb Listings: 25
  • Median Property Price: $42,500
  • Number of Bedrooms You Can Get: 2 bedrooms
  • Airbnb Annual revenue: $13,542
  • Gross Rental Yield: 31.86%

Source: Airbtics Dashboard

Airbnb Investors should obtain a business registration certificate for each of their investment property in West Virginia. The city government may also impose applicable taxes, on top of the 6% sales and uses tax imposed by the State of West Virginia.

Affordable Yet Smart Rental Properties

Owning a rental property is a huge milestone for people who wish to get serious in their real estate investments. In this article, we have learned that the West Virginia market is not only cheap but also profitable. 

Having a rental property is already an achievement in itself, but success can be sustained by using short-term rental analytics. To prove a point, Airbtics Dashboard opened our eyes to Airbnb profit possibilities in West Virginia. This powerful tool has helped a lot of real estate investors reach sound investment decisions. Yet, we still encourage investors to continue their research and analyze other profitable Airbnb cities in the US!

You can give Airbtics a try by checking out this free Airbnb Calculator!

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

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Airbnb Investment All About Airbnb

Where to Start Airbnb Investment in Australia: Best Cities for Property Investment 2023

Discover the top 20 Airbnb markets in Australia for property investment, occupancy rates, annual revenue, and more!

Airbnb investment Australia

Discover the top 20 Airbnb markets in Australia for property investment, occupancy rates, annual revenue, and more!

Key Takeaways

  • The housing crisis in Australia has recently fallen to the lowest vacancy rate on record. Properties in the rental market are mostly occupied by short-term rental platforms like Airbnb.
  • Numerous upcoming events in Australia attract more Airbnb guests which generates a revenue of thousands of dollars. Discover the most recommended areas for property investment this 2023 in major cities such as Canberra, Newcastle, Perth, and Melbourne.
  • Learn about the major events in Australia and which areas make it ideal for Airbnb investment based on accurate Airbnb data.

Introduction

The Airbnb business in Australia is currently in an upward trend and there’s no denying it. Several hosts have joined the community to cope with inflation, and even received Airbnb host awards for hosting excellently! 

However, the rental crisis in Australia is said to be related to the rising of short-term rental properties. This has allegedly made it difficult for families to find residential homes. 

But from a property investor’s perspective, it’s one of the best times to generate more income by catering to both long-term and short-term rentals. So it leads us to the question – which city is the best for property investment in Australia?

Continue reading as we feature the best Airbnb cities in Australia such as Perth, Canberra, Newcastle, Brisbane, Darwin, and Melbourne for property investment. Bonus: We highlighted the upcoming major events and identified if it’s ideal for property investors.

Is Owning an Airbnb profitable in Australia?

Yes, owning an Airbnb is certainly profitable in Australia! But how much can an Airbnb host make in Australia? According to Airbtics’ data, an Airbnb host in the country can expect a 53% occupancy rate and earn an average monthly revenue of A$5,240.

This varies on many factors such as location, property type, and amenities among others. Rental arbitrage is also an excellent option for those who don’t have the resources to buy an Airbnb property right away. 

How do you determine your potential profitability? It’s highly recommended to use an Airbnb profit calculator to accurately identify this. Aside from that, you will also discover emerging markets and learn about the top 10 most profitable Airbnb cities in Australia.

What are the Upcoming Events in Australia? 

Australia is not only known for its economic stability but also for its major international events. These events explain why there are fully booked Airbnbs, and of course, the increasing annual revenue for hosts. 

Check out some of the upcoming events that property investors and Airbnb hosts should take note of:

1. Canberra City Illuminations Balloon Festival

Canberra celebrates this balloon spectacular festival annually to kick off the Enlighten Festival. The event starts on the 11th of March until the 19th when most tourists and locals alike enjoy the floating balloons. Property investment in Canberra is ideal as one can expect to cater to more tourists for the entire duration of this festival.

According to Airbtics’ data, an average host nearby Patrick White Lawns can expect an annual revenue of A$65,149 for a 1-bedroom apartment/condo alone. 

Airbnb investment Australia

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 38% does not also mean that investing in that area is not profitable because it still gets year-round bookings.

2. Melbourne International Comedy Festival

Nothing beats entertainment comedy, especially when they feature both local and international performances. Known as the second-largest international comedy festival, this event is sure to generate profit for Airbnb hosts!

The comedy festival will start from March 20th until April 23rd, 2023. We’ve taken a close look at the Airbnb data near Swanston Street where The Melbourne International Comedy Festival will take place. 

Airbnb investment Australia

Airbtics confirm that an average host nearby Swanston Street can expect an annual revenue of A$60,915 for a 1-bedroom apartment/condo alone. Its seasonality is at 28%, where an Airbnb host can expect the highest revenue in the month of April.

3. Victoria Australian Grand Prix

One of the most exciting world-class sporting events, The Formula 1 Australian Grand Prix is celebrated from March 30th until April 2nd. Aside from the race itself, various tourists around the globe are also keen to visit here due to the Albert Park.

An Airbnb host nearby the event place, Australian Grand Prix, can expect to earn a nightly rate of A$197 for a 2-bedroom apartment/condo. Airbtics’ data also shows a high Airbnb occupancy rate of 83%, with the highest revenue earned during December.

Airbnb investment Australia
4. World Surf League

Property investors who are looking to invest in this area can enjoy the stunning views of Bells Beach and major competitors such as Rip Curl Pro Bells Beach. 

Known as the longest-running event on the World Surf League’s championship, this event in Bells Beach is expected to attract both tourists and locals annually. It will be celebrated from April 4th-14th, 2023.

Airbnb investment Australia

According to Airbtics’ data, an average host nearby Bells Beach Road can expect a daily revenue of A$273 for a 2-bedroom apartment/condo alone. The highest revenue can also be expected during the month of April.

5. Parrtijima Light Festival

Looking for a festival that has a jam-packed program? Parrtijima Light Festival is not only about light installations, but also features various films, artworks, and interactive workshops among others.

This annual celebration will be held in Alice Springs from April 7th – 16th, 2023. While there’s no denying about the tourist’s arrival for this event, property investors may still have doubts. What is it like to invest in Alice Springs without such events?

Airbtics confirms that Airbnb’s investment in this area is indeed profitable. However, the seasonality rate is high (82%) – which means that year-round bookings are less likely to happen in the area. In comparison to other festivals featured above, Alice Springs may not be an ideal Airbnb property investment.

Where to Buy Investment Properties in Australia?

There are several Airbnb host expenses to consider, but the most crucial parts are to analyze the Airbnb data in Australia as well as decide the property’s location. While there are plenty of available properties in Australia, 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 Australia? Discover the best places for Airbnb investment in Australia:

Where to Buy Investment Properties in 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 available properties in Australia, 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 Australia? Discover the best places for Airbnb investment in Australia:

1. Brisbane, Queensland
  • Airbnb occupancy rate: 97%
  • Average daily rate: A$181
  • Airbnb annual revenue: A$69,965
  • Best property size: 1 bedroom
  • Existing Airbnb listings: 271 listings
2. Perth, Western Australia
  • Airbnb occupancy rate: 93%
  • Average daily rate: A$138
  • Airbnb annual revenue: A$50,771
  • Best property size: 1 bedroom
  • Existing Airbnb listings: 2,793 listings
3. Newcastle, New South Wales
  • Airbnb occupancy rate: 62%
  • Average daily rate: A$257
  • Airbnb annual revenue: A$54,312
  • Best property size: 1 bedroom
  • Existing Airbnb listings: 732 listings
4. Darwin, Northern Territory
  • Airbnb occupancy rate: 69%
  • Average daily rate: A$229
  • Airbnb annual revenue: A$69,093
  • Best property size: 2 bedrooms
  • Existing Airbnb listings: 578 listings
5. Melbourne, Victoria
  • Airbnb occupancy rate: 80%
  • Average daily rate: A$162
  • Airbnb annual revenue: A$48,394
  • Best property size: 1 bedroom
  • Existing Airbnb listings: 3,196 listings

Summary

Airbnb investment in Australia offers promising revenue for Airbnb hosts. The other good news is that property investors can start buying their first investment property in Australia with confidence using an Airbnb profit calculator.

Several annual events occurring across the country not only attract more tourists but provide financial stability to hosts.

Now that you have a clear overview of the best city to invest in property, 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 analytics tool will help you make data-based decisions. This is one of the best property investment strategies!

Wondering where to invest in Australia with 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!

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

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12 Best Short Term Rental Markets In Florida Under 200K

12 Best Short Term Rental Markets In Florida Under 200K: Where are the 12 best short term rental rental markets in Florida with under 200K investment? Make sure to read this article before investing in Florida!

Where are the 12 best short term rental rental markets in Florida with under 200K investment? Make sure to read this article before investing in Florida!

Key Takeaways

  • Florida has one of the strongest economies in the US. This makes a lot of investors think that they would need to spend a fortune just to break into the rental property market. In fact, buying a profitable investment property in Florida is a realistic goal.
  • Backed by short-term rental data analytics, this article lists 12 best short term rental markets in Florida that you can enter under 200K.

Introduction:

If you’re a real estate investor, you might be thinking that it’s hard to break into the property investment market in Florida. After all, the Sunshine State is the fourth best-performing economy in the US. Well, this article will bust this myth and even lend a ray of sunlight for you to find the cheapest rental property markets in Florida! 

Is it worth buying a rental property in Florida?

Definitely! With an average occupancy rate of 56%, one-bedroom rental properties in Jacksonville can bring in an annual revenue of $39,303. This is because Florida is a magnet for tourists from all over the world due to the numerous activities that can be enjoyed in the state. In fact, 137.6 million visitors came to Florida in 2022 alone. This figure breaks the record of having this large number of visitors in a single year. 

Other economic indicators like employment can entice you further to invest in Florida.  The state has a 2.6% unemployment rate, which is lower than the national average of 3.6%. Its job market is fueled by a robust civilian workforce in the sectors of agriculture, construction, manufacturing, and financial service, among others. While these figures are already favorable, job creation is still expected to see growth in the coming years.

best short term rental markets in florida

Source: Airbtics Dashboard

12 Best Short Term Rental Markets in Florida under 200K

Using the gross rental yield as a guide when looking for investment properties in Florida can assure your profitability. The gross rental yield is the annual rental collection from a property divided by the total property cost multiplied by 100.

By using the high-powered Airbtics Dashboard, here are the best Airbnb markets in Florida with the highest gross rental yields which you can enter with just below 200K capital:

airbtics-logo-300x87
Location Number of Airbnb Listings Average Property Price Number of Bedrooms You Can Get Airbnb Annual Revenue GRY
Temple Terrace 77 $156,000 1 Bedroom $47,813 30.65%
Clearwater 1,365 $199,000 1 Bedroom $33,727 16.95%
Palm Bay 122 $175,000 2 Bedrooms $31,688 18.11%
Vero Beach 93 $145,000 1 Bedroom $23,755 16.38%
Jacksonville 5,708 $198,374 1 Bedroom $22,470 11.33%
Gainesville 278 $200,353 2 Bedrooms $17,788 8.88%
Daytona Beach 1,074 $174,350 Studio Unit $17,606 10.10%
Largo 288 $176,750 1 Bedroom $17,079 9.66%
Deerfield Beach 303 $141,900 1 Bedroom $16,724 11.79%
Tallahassee 282 $139,900 1 Bedroom $16,690 11.93%
Cape Coral 2,950 $167,499 1 Bedroom $12,575 7.51%
Orlando 742 $180,250 1 Bedroom $11,785 6.54%

Airbnb Location

Airbnb Dataset

  • Airbnb listings: 74
  • Average Property price: $156,000
  • Number of Bedrooms You Can Get: 1 bedroom
  • Airbnb annual revenue: $47,813
  • Gross rental yield: 30.65%
  • Airbnb listings: 1,375
  • Average Property price: $199,000
  • Number of Bedrooms You Can Get: 1 bedroom
  • Airbnb annual revenue: $33,727
  • Gross rental yield: 16.95%
  • Airbnb listings: 122
  • Average Property price: $175,000
  • Number of Bedrooms You Can Get: 2 bedrooms
  • Airbnb annual revenue: $31,688
  • Gross rental yield: 18.11%
  • Airbnb listings: 93
  • Average Property price: $145,000
  • Number of Bedrooms You Can Get: 1 bedroom
  • Airbnb annual revenue: $23,755
  • Gross rental yield: 16.38%
  • Airbnb listings: 5,708
  • Average Property price: $198,374
  • Number of Bedrooms You Can Get: 1 bedroom
  • Airbnb annual revenue: $22,470
  • Gross rental yield: 11.33%
  • Airbnb listings: 278
  • Average Property price: $200,353
  • Number of Bedrooms You Can Get: 2 bedrooms
  • Airbnb annual revenue: $17,788
  • Gross rental yield: 8.88%
  • Airbnb listings: 1,704
  • Average Property price: $174,350
  • Number of Bedrooms You Can Get: Studio Unit
  • Airbnb annual revenue: $17,606
  • Gross rental yield: 10.10%
  • Airbnb listings: 288
  • Average Property price: $176,750
  • Number of Bedrooms You Can Get: 1 bedroom
  • Airbnb annual revenue: $17,079
  • Gross rental yield: 9.66%
  • Airbnb listings: 303
  • Average Property price: $141,900
  • Number of Bedrooms You Can Get: 1 bedroom
  • Airbnb annual revenue: $16,724
  • Gross rental yield: 11.79%
  • Airbnb listings: 282
  • Average Property price: $139,900
  • Number of Bedrooms You Can Get: 1 bedroom
  • Airbnb annual revenue: $16,690
  • Gross rental yield: 11.93%
  • Airbnb listings: 2,950
  • Average Property price: $167,499
  • Number of Bedrooms You Can Get: 1 bedroom
  • Airbnb annual revenue: $12,575
  • Gross rental yield: 7.51%
  • Airbnb listings: 742
  • Average Property price: $180,250
  • Number of Bedrooms You Can Get: 1 bedroom
  • Airbnb annual revenue: $11,785
  • Gross rental yield: 6.54%

Source: Airbtics Dashboard

Looking for a profitable Airbnb City is so easy by using the Airbtics Dashboard. Typing in your target city is the first step toward your data-backed Airbnb property search.

best short term rental markets in florida

While you can already see the aggregate data of an Airbnb city, the figures will also update when you use the advanced filters! The lead will not only be about location. You will also see the profitability of each property size. While you may not get the best number of bedrooms in your target city because of your budget limit, Airbtics Dashboard allows you to get the most out of your 200K initial investment! 

best short term rental markets in florida

Airbtics Sample Market

Conclusion

Florida is a profitable real estate market with high rental yields. Imagine that your dream of owning an Airbnb property is within reach with less than an initial capital of less than $200K. All this will become realistic once you use Airbtics as your guide. 

It will help you look for markets that boast rental yields to make you get closer to financial independence. Investors can always aim higher in the long run. They can look further into the best places to own an Airbnb in Florida beyond the $200K mark.

Check out this free Airbnb Calculator if you are optimizing profit from your property investments!

Explore The Most Profitable Airbnb Locations in Florida

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

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Guaranteed Profitability: Best Airbnb Properties in the UK under £100K

Property under 100k UK

Key Takeaways
  • As the cost of living increases in the UK, Brits are taking advantage of sharing their homes on Airbnb to earn a passive income. Airbnb declares in a report from last year that more hosts have joined the community since there was also an increase in energy bills.
  • Discover affordable Airbnb properties in the UK below £100,000 and make the wisest investment decisions based on accurate Airbnb data! This includes the potential profitability, seasonality, valuation of properties, and more.

Introduction

It’s no surprise that more property investors are keen to invest in the UK. Because who wouldn’t want to earn more money and achieve financial independence?

UK offers a variety of exciting tourist attractions, festivals, and most importantly – profitable investment opportunities.

Whether it’s your lifetime dream to own a property in the UK or earn an additional side income, you can combine both through Airbnb investment. To make things even better, did you know that you can buy a house in the UK for less than 100k pounds? Yes, you can!

In this article, we’ll feature cheap and affordable property investments under £100k in the UK. For a more accurate comparison, we backed them up with Airbnb data. Continue reading to learn more!

Where is Airbnb most profitable in the UK?

Generally, Airbnb is most profitable in locations that are in demand with less saturated markets. Check out the major cities in the UK that can bring the most profit according to Airbtics’ data: 

1. London, England
  • Airbnb annual revenue: £65,604
  • Average property price: £523,666
  • Gross rental yield: 12.52%
  • Airbnb occupancy rate: 88%
  • Average daily rate: £241 (1-bedroom apartment/condo)
2. Edinburgh, Scotland
  • Airbnb annual revenue: £38,566
  • Average property price: £331,705
  • Gross rental yield: 11.62%
  • Airbnb occupancy rate: 94%
  • Average daily rate: £111 (1-bedroom apartment/condo)
3. Belfast, Northern Ireland
  • Airbnb annual revenue: £33,782
  • Average property price: £293,992
  • Gross rental yield: 11.49%
  • Airbnb occupancy rate: 76%
  • Average daily rate: £126 (2-bedroom apartment/condo)
4- Cardiff, Wales
  • Airbnb annual revenue: £30,569
  • Average property price: £261,999
  • Gross rental yield: 11.66%
  • Airbnb occupancy rate: 50%
  • Average daily rate: £160 (2-bedroom apartment/condo)

While the Airbnb data is limited to major cities, there are certainly other profitable Airbnb boroughs in the UK.

An Airbnb host can expect a solid occupancy rate of 55% and a monthly revenue of £2,442 in the UK. 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.

What is a Good Occupancy Rate for Airbnb in the UK? 

Ideally, a good occupancy rate should be at least 50% or higher but it should also generate a solid return. For instance, Airbnb occupancy rates in London are the highest in September as seen on Airbtics’ data.

However, high occupancy rates are not the only metrics that should be looked into when investing in a market. You should also look into the average daily rates, gross rental yield, and average length of stay among others.

Where is the best place to invest in Airbnb UK?

There are several Airbnb host expenses to consider, but the most crucial part is deciding the property’s location. So it leads you to the final question, where can you invest in an Airbnb property? We found a few undervalued investment properties for sale in the UK!

Discover the most recommended neighborhoods for buying an Airbnb property under 100k in the UK:

1. Farnham

One of the cheap property prices in England is in Farnham. With only £68,750, you can purchase a 1-bedroom flat and operate an Airbnb following the Airbnb rules in England.

  • Property price of 1-bedroom flat as seen on Zoopla: £68,750 (£139/sq.ft)
  • Gross rental yield: 28%
  • Airbnb occupancy rate: 68%
  • Average daily rate: £84
  • Airbnb annual revenue: £19,681
  • Existing Airbnb listings: 46 listings
2. Bishop, Auckland
  • Property price of 3-bedroom flat as seen on Property Price Advice: £97,500
  • Gross rental yield: 23%
  • Airbnb occupancy rate: 67%
  • Average daily rate: £93
  • Airbnb annual revenue: £22,691
  • Existing Airbnb listings: 7 listings
3. Bradford
  • Property price of 1-bedroom flat as seen on Zoopla: £93,950
  • Gross rental yield: 18%
  • Airbnb occupancy rate: 47%
  • Average daily rate: £108
  • Airbnb annual revenue: £17,737
  • Existing Airbnb listings: 158 listings
4. Anfield
  • Property price of a 3-bedroom property as seen on Property Price Advice: £69,950
  • Gross rental yield: 51%
  • Airbnb occupancy rate: 42%
  • Average daily rate: £216
  • Airbnb annual revenue: £36,156
  • Existing Airbnb listings: 69 listings
5. Birkenhead
  • Property price of a 3-bedroom property as seen on Property Price Advice: £99,950
  • Gross rental yield: 38%
  • Airbnb occupancy rate: 74%
  • Average daily rate: £133
  • Airbnb annual revenue: £38,197
  • Existing Airbnb listings: 182 listings

Takeaway

In general, Airbnb data shows that property investments in the UK can be profitable. The even greater news is that there are several other properties that are undervalued. Particularly in the UK, a property under 100k or even 50k can be difficult to find.

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

Wondering which area in the UK 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!

Categories
Airbnb Investment All About Airbnb Case Studies

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

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. 

best places to airbnb in virginia

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

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Airbnb Investment All About Airbnb

Best Places to Airbnb in Georgia: Top areas for real estate investment in Savannah

best places to airbnb in georgia

Key Takeaways
  • Savannah’s economy, thriving job market, and reasonable cost of living allowed many Airbnb hosts & investors to generate a good rental income. 
  • Find out the top reasons why investing in rental properties in Savannah, Georgia, can turn into a financially rewarding experience to investors.
  • We feature the most profitable neighborhoods and nearby cities in Savannah, along with their Airbnb data and best property types. 

Introduction

The sophisticated city of Savannah is located along the Atlantic Ocean in southeastern Georgia. The city is widely known as the industrial center and is also an important Atlantic seaport.

Savannah is a popular city thanks to its fascinating history, eclectic architecture, natural wonders and modern boutiques & galleries. The city offers an enjoyable atmosphere with great food, a splendid art scene, and music. This leads to plenty of unique experiences and makes anyone fall in love with the destination.

Are you interested in Airbnb hosting in Savannah? Then go ahead and learn more about it with our podcast, Into The Airbnb, where we featured a host in this city!

In this article, we reveal the best places to invest in Airbnb in Savannah, Georgia, and some of the top reasons why investments in this city are a profitable option. Eager to learn more? Then continue reading.

Why should you consider investing in real estate in Savannah, Georgia?

Investing in short-term rentals in Savannah or nearby cities in Georgia is an excellent way of achieving financial freedom since it offers a variety of opportunities to real estate investors.

Savannah is indisputably a beautiful city that has a lot to offer, but what kind of advantages does this city offer to real estate investors? Check out some of the top reasons why you should consider investing in Savannah’s real estate market:

  • Affordable living cost

Savannah’s economy and job market are steadily growing, thus, more people are interested to relocate in this charming city. For that reason, there’s also a strong demand in the rental market.

The median housing price is currently $325K with a 1-year value change of 8.7% as confirmed by Realtor. When it comes to living expenses, Savannah is 7% cheaper than other cities in the US.

According to Norada Real Estate, Savannah has a high occupancy rate and moderately low vacancy rates. Thanks to this, rental properties in the city are in high demand.

  • Thriving economy & job market

The people in Savannah enjoy a strong and diversified economy. Some of the key industries that greatly contribute to the city’s economic situation are tourism & hospitality, transportation, health care, and business & logistics services.. The city’s employment market is thriving and more people relocate to the city for this reason.  

  • Lots of things to explore

Savannah is a city that offers endless leisure activities and interesting places to visit, so it’s almost impossible to get bored here. From thrilling tours to festivals, top-tier restaurants, museums, and incredible parks & gardens, there’s always something to do every day.

Moreover, if you ever aim to cater to tourist accommodations, Savannah is an ideal place because it welcomes a great number of tourists annually. In fact, the city registered around 15M overnight visitors just in 2021.

Is Airbnb Profitable in Savannah, GA?

Let’s cut to the chase! Airbtics confirms that Airbnb investment properties in Savannah are indeed financially rewarding. Albeit, investors should still note that the level of profitability depends on a variety of factors such as having the ideal property type and location. 

In addition, if you’re aiming to cater to short-term rentals in this city, you should also consider the Airbnb rules in Savannah. But if you are still uncertain about buying an investment property, you can always try doing rental arbitrage since it’s legal.

Based on Airbtics’ data, an average Airbnb host can earn up to $59,951 with an average occupancy rate of 85% for managing a 1-bedroom property in Savannah. With over 1,569 Airbnb listings in Savannah and a seasonality of 45%, it’s certainly a catch for property investors! 

best places to airbnb in georgia

Best Areas to Buy a Rental Property in Savannah, Georgia 

Savannah is the oldest city and the fifth larger community in the state of Georgia. The city has around 71 designated neighborhoods and each of them carries its own charm. For this reason, it can be challenging to choose the right location for your rental property.

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

1. Thomas Square, Savannah
  • Total Number of Airbnb Listings: 63
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $320,000
  • Airbnb Annual revenue: $61,612
  • Gross rental yield: 19.25%
2. Victorian District – East, Savannah
  • Total Number of Airbnb Listings: 126
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $640,000
  • Airbnb Annual revenue: $98,495
  • Gross rental yield: 15.39%
3. North Historic District, Savannah
  • Total Number of Airbnb Listings: 393
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $574,900
  • Airbnb Annual revenue: $86,480
  • Gross rental yield: 15.04%
4. Metropolitan, Savannah
  • Total Number of Airbnb Listings: 63
  • Best bedroom size: 4 bedrooms
  • Median property price (4 bedrooms): $659,000
  • Airbnb Annual revenue: $88,793
  • Gross rental yield: 13.47%
5. South Historic District, Savannah
  • Total Number of Airbnb Listings: 352
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $614,000
  • Airbnb Annual revenue: $74,380
  • Gross rental yield: 12.11%
6. Tybee Island, GA
  • Distance from Savannah: 15 miles 
  • Total Number of Airbnb Listings: 707
  • Best bedroom size: 1 bedroom
  • Median property price (1 bedroom): $365,000
  • Airbnb Annual revenue: $52,235
  • Gross rental yield: 14.31%
7. North Charleston, SC
  • Distance from Savannah: 82 miles
  • Total Number of Airbnb Listings: 453
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $275,000
  • Airbnb Annual revenue: $60,108
  • Gross rental yield: 21.86%
8. Charleston, SC
  • Distance from Savannah: 83 miles 
  • Total Number of Airbnb Listings: 1,331
  • Best bedroom size: 4 bedrooms
  • Median property price (4 bedrooms): $629,000
  • Airbnb Annual revenue: $173,447
  • Gross rental yield: 27.57%
9. Augusta, GA
  • Distance from Savannah: 106 miles 
  • Total Number of Airbnb Listings: 685
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $162,000
  • Airbnb Annual revenue: $50,357
  • Gross rental yield: 31.1%
10. Athens, GA
  • Distance from Savannah: 185 miles 
  • Total Number of Airbnb Listings: 566
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $274,900
  • Airbnb Annual revenue: $70,370
  • Gross rental yield: 25.60%

Conclusion 

In summary, there are a variety of great neighborhoods and cities nearby  Savannah. The best places to Airbnb in Savannah, Georgia, offer attractive investment opportunities with nice rental yields and annual revenue to investors and hosts. 

However, it’s always a good idea to consider analyzing each of the options carefully. Thus, you should go further and make use of the best analytics tools available to boost your profitability. Check our Airbnb income calculator and stand among your competitors now!

Explore The Most Profitable Airbnb Locations Near Savannah

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Airbnb Investment All About Airbnb

Best Places in Arizona to Buy Rental Property: A Guide to Real Estate Investment near Tucson 2023

best places in arizona to buy rental property

Key Takeaways

● Tucson is the 2nd fastest-growing city in Arizona that offers an affordable cost of living and a wide variety of recreational options. Thanks to this, many Airbnb hosts have the chance to earn a good passive income by owning short-term rental properties. 

● Discover the advantages that real estate investors can enjoy when investing in the real estate market in Tucson, Arizona.

● Get to know the top 10 most profitable neighborhoods and nearby cities in Tucson along with their recommended property types, average prices and specific Airbnb data. 

Introduction

Tucson is situated on the banks of the Santa Cruz river, in a valley near the Mexican border. The city is surrounded by natural wonders confirmed by the Sonoran Desert landscapes. 

Also known as the “Old Pueblo” due to its peculiar Spanish-Indian past, Tucson offers plenty of leisure activities. From fascinating museums to walking trails, boutiques, and wine-growing regions, Tucson gives visitors the freedom to explore its surroundings like any other city.

In addition to this, Tucson is one of the best places to invest in Airbnb in Arizona estate! This city offers an occupancy rate of 70% which is the 6th highest among all major cities in Arizona. 

Still, there’s an important factor that you should consider before taking the next step in your journey – where are the most profitable areas for rental properties in Tucson? 

In this article, we’ll reveal the best places to Airbnb in Tucson, Arizona, and some of the expectations when investing in real estate in this city. Eager to learn more? Continue reading!

What are the perks of buying investment properties in Tucson, Arizona?

Investing in real estate in Tucson is an amazing idea because it offers a good return to investors who can eventually achieve financial freedom. . Tucson has extraordinary natural surroundings and a rich history. But aside from that, what are the advantages that  Tucson offers to real estate investors? 

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

Reasonable cost of living

While the overall cost of living in Arizona is higher than the national average, Tucson remains quite affordable. This is because it’s 5% less expensive than other major cities in the US. The task of saving on living expenses is quite easy if you move to Tucson, considering that it is one of the top cities with the lowest cost of living in the United States.

On the other hand, the real estate market in Tucson is also fairly affordable and offers a wide variety of options. The median property value in this city is $350k and the average selling price is $328k as confirmed by Realtor

Plenty of things to do

Tucson is surrounded by the Sonoran Desert which offers breathtaking natural views. In addition to this, the city is also home to Saguaro National Park and the Arizona-Sonora Desert Museum. Tucson offers endless options when it comes to outdoor activities. The best thing is that it has great air quality and low light pollution, allowing the city to have crystal-clear skies almost all year. 

Booming job market

Tucson has a solid job market that offers a wide variety of employment opportunities. This includes the education, tech, defense, healthcare, and hospitality sectors. 

The population in Tucson is steadily growing, occupying the 2nd place as the most populous city in Arizona after Phoenix. Many people move to the city looking for opportunities in Tucson’s job market and enjoying the amenities of a big city while living a slow-paced lifestyle. 

Is Airbnb Profitable in Tucson, Arizona?

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

But if you’re still having doubts about buying an investment property, you can always test the waters first by doing rental arbitrage in Arizona.

Based on Airbtics’ data, an Airbnb host can expect an average annual revenue of $36,161 and a median occupancy rate of 67% for operating a 2-bedroom property in Tucson.

best places in arizona to buy rental property

Best Locations for Airbnb near Tucson, Arizona

Tuscon is the 2nd most populous city in Arizona state and has over 218 neighborhoods. Taking this into account, it’s understandable if you’re struggling to choose the best place to set up your rental property in Tucson.

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

1. The Garden District, Tucson
  • Total Number of Airbnb Listings: 38
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $265,000
  • Airbnb Annual revenue: $61,734
  • Gross rental yield: 22.95%
2. Hedrick Acres, Tucson
  • Total Number of Airbnb Listings: 38
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $175,000
  • Airbnb Annual revenue: $36,203
  • Gross rental yield: 20.69%
3. Jefferson Park, Tucson
  • Total Number of Airbnb Listings: 41
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $294,000
  • Airbnb Annual revenue: $52,679
  • Gross rental yield: 15.43%
4. Sam Hughes, Tucson
  • Total Number of Airbnb Listings: 52
  • Best bedroom size: 4 bedrooms
  • Median property price (4 bedrooms): $500,000
  • Airbnb Annual revenue: $75,010
  • Gross rental yield: 15%
5. Blenman-Elm Historic District, Tucson
  • Total Number of Airbnb Listings: 48
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $347,000
  • Airbnb Annual revenue: $60,830
  • Gross rental yield: 13.43%
6. Gilbert, AZ
  • Distance from Tucson: 86 miles 
  • Total Number of Airbnb Listings: 
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $487,000
  • Airbnb Annual revenue: $66,391
  • Gross rental yield: 13.63%
7. Mesa, AZ
  • Distance from Tucson: 91 miles 
  • Total Number of Airbnb Listings: 
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $400,000
  • Airbnb Annual revenue: $61,386
  • Gross rental yield: 15.35%
8. Tempe, AZ
  • Distance from Tucson: 96 miles
  • Total Number of Airbnb Listings: 
  • Best bedroom size: 1 bedroom
  • Median property price (1 bedroom): $250,000
  • Airbnb Annual revenue: $43,990
  • Gross rental yield: 17.60%
9. Phoenix, AZ
  • Distance from Tucson: 104 miles 
  • Total Number of Airbnb Listings: 
  • Best bedroom size: 5 bedrooms
  • Median property price (5 bedrooms): $739,000
  • Airbnb Annual revenue: $170,962
  • Gross rental yield: 23.13%
10. Scottsdale, AZ
  • Distance from Tucson: 112 miles 
  • Total Number of Airbnb Listings: 1,154
  • Best bedroom size: 1 bedroom
  • Median property price (1 bedroom): $295,000
  • Airbnb Annual revenue: $41,960
  • Gross rental yield: 14.22%

Summary

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

After finding out the best places in Tucson, Arizona to buy a rental property, go ahead and check Airbtics’  Airbnb profit estimator. Stand out among your competitors and maximize your profitability by making use of the best analytics tools!

Explore The Most Profitable Airbnb Locations Near Tucson

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