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Airbnb Investment All About Airbnb

Buying An Airbnb in Nashville: Which Neighborhoods Are Profitable

Buying An Airbnb in Nashville: Read this data-backed article before buying an Airbnb in Nashville, so you can target a profitable neighborhood!

property investment in Nashville

Read this data-backed article before buying an Airbnb in Nashville, so you can target a profitable neighborhood!

Key Takeaways

  • Backed by accurate data, Airbnb hosts can be guided when buying an Airbnb in Nashville. Learn about the earning potential of property investments in its neighborhoods and the property size gives the best gross rental yield!

Introduction

Nashville is part of the “Bible Belt” stretched in the Southern Region of the United States. But in contrast to this, did you know that the city offers a unique high-spirited nightlife on a four-block-long Honky Tonk Highway?  

Singing gospel songs on Sundays and then enjoying Bluegrass, Rock, Blues, and Indie Rock for the rest of the week is the rhythm of Music City. It’s just one of the main tourist attractions,  and this diversity only gives a Nashville Airbnb investment a distinct character.

Looking for a guide to buying an Airbnb in Nashville? Continue reading this article as we show you valuable neighborhoods that you can target in Nashville by using Airbtics!

buying an airbnb in Nashville

Is Nashville A Good Place To Own An Airbnb?

Certainly! A vacation rental host can earn an average of $41,976 for operating a 2-bedroom unit in Music City! According to Airbtics, the city has a total of 3,284 active short-term rental listings while Nashville’s Airbnb occupancy rate is 48%.

Aside from these, here are a few factors that make Nashville ideal for short-term rental property investment:

  • A Vibrant Economy

Nashville is not only known as a culturally diverse city. It also houses various industries that make it an interesting palace for investment. This includes utilities, healthcare, education, government, and music production. In fact, Nashville has an unemployment rate of 2.7%, which is one of the lowest in the United States.

  • Lack of Hotel Accommodation

There are less than 20 thousand hotel rooms in Nashville. There needs to be more than this accommodation for the 14.4 million visitors who come to Music City annually. Hosts can take advantage of this situation since short-term rental is the only viable and immediate answer.

buying an airbnb in Nashville

Checking the Profitability of Neighborhoods When Buying An Airbnb in Nashville

Let rental analytics lead you to a profitable Airbnb investment property in Nashville! Luckily for you, Airbtics’ Insights Tool is so easy to use. Simply type in “Nashville” or any other city of your choice.

buying an airbnb in Nashville

As you zoom in or drag the map, the data on the Airbtics Dashboard is also updated! You cannot find anything like this anywhere else!

Using this research method, you can find that the following neighborhoods are best for Airbnb investment in Nashville. Optimize your earnings by going for the best number of bedrooms!

airbtics-logo-300x87
Neighborhood Number of Airbnb Listings Best Number of Bedrooms Median Property Price Airbnb Annual Revenue GRY
Music Row 137 1 Bedroom $329,900 $27,747 8.41%
Downtown 417 2 Bedrooms $999,999 $83,585 8.36%
East Nashville 362 3 Bedrooms $624,950 $59,459 9.51%
12 South-Melrose-Belmont 128 2 Bedrooms $775,000 $67,109 8.66%
Rutledge Hill 242 2 Bedrooms $890,000 $96,601 10.85%

Airbnb Neighborhood

Airbnb Dataset

  • Total Number of Airbnb Listings: 137
  • Most Profitable Number of Bedrooms: 1 Bedroom
  • Median Property Price: $329,900
  • Airbnb Annual Revenue Potential: $27,747
  • Gross Rental Yield: 8.41%
  • Total Number of Airbnb Listings: 417
  • Most Profitable Number of Bedrooms: 2 Bedrooms
  • Median Property Price: $999,999
  • Airbnb Annual Revenue Potential: $83,585
  • Gross Rental Yield: 8.36%
  • Total Number of Airbnb Listings: 362
  • Most Profitable Number of Bedrooms: 3 Bedrooms
  • Median Property Price: $624,950
  • Airbnb Annual Revenue Potential: $59,459
  • Gross Rental Yield: 9.51%
  • Total Number of Airbnb Listings: 128
  • Most Profitable Number of Bedrooms: 2 Bedrooms
  • Median Property Price: $775,000
  • Airbnb Annual Revenue Potential: $67,109
  • Gross Rental Yield: 8.66%
  • Total Number of Airbnb Listings: 242
  • Most Profitable Number of Bedrooms: 2 Bedrooms
  • Median Property Price: $890,000
  • Airbnb Annual Revenue Potential: $96,601
  • Gross Rental Yield: 10.85%

Source: Airbtics Dashboard

Maximize the Insights tool by creating your own Custom Market. You can opt to follow geographical boundaries or not, but this tool allows you to save your market for easy monitoring!

best area for airbnb in washington dc

Rental Analytics in Buying An Airbnb in Nashville

By leveraging the power of data analytics, you can identify neighborhoods like Music Row, Downtown, East Nashville, 12 South-Melrose-Belmont, and Rutledge Hill, which offer attractive opportunities for Airbnb hosting. Each of these areas presents different potential in terms of annual revenue and gross rental yield, based on the number of bedrooms in the property.

If you are considering investing in an Airbnb property in Nashville, data analytics can be your guiding light to maximize your earnings and make an informed decision. With the help of Airbtics’ Insights Tool, you can explore other valuable neighborhoods in Music City that offer promising returns on your investment.

Wanna know how short-term rental data analytics can guide you? Try our Airbnb Calculator and see the earning potential of your property investment!

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Airbnb Investment All About Airbnb

Best Places in Texas for Airbnb: Invest in Real Estate in Austin 2023

best places in texas for airbnb

Key Takeaways

• Austin is the 2nd fastest-growing city in the US that offers an attractive housing market. Moreover, the city’s bustling tourist market and countless job opportunities attract many young professionals. It also allowed Airbnb hosts to earn a good passive income by owning short-term rental properties. 

• Discover the advantages that real estate investors can enjoy when buying a property investment in Austin, Texas.

• We’ll feature the top 10 most profitable neighborhoods and nearby cities in Austin, Texas, along with their recommended property types and Airbnb dataset.

Introduction

Best known as the Live Music Capital of the World, Austin owns a dynamic and highly creative musical and cinematographic scene that can easily captivate everyone’s heart. It hosts plenty of exciting music festivals as well as interesting conventions throughout the year that attracts a great number of visitors to the city.

In addition, Airbnb occupancy rates in Texas cities state that Austin is one of the best cities to invest in real estate! This city offers an occupancy rate of 66% which is the highest among all major cities in Texas. 

Still, there’s an important question that you must consider, where are the most profitable places for short-term rental investments in Austin? Don’t sweat it because we got you!

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

Why should you consider buying a rental property in Austin, Texas?

Investing in real estate in Austin is an amazing way of earning a passive income since it offers a good return on investment to property investors. Austin offers great climate conditions and hosts lively art & music festivals weekly. Thanks to this, it attracts a great number of visitors each month. But what advantages can  Austin offer to real estate investors? Check out some of the reasons why buying Airbnb investment properties in Austin is an excellent idea:

  • Attractive real estate market

While Austin’s real estate market is competitive, its prices still are 23% lower compared to the national average as confirmed by Norada Real Estate. The median housing value is $540K. But we should point out that the housing market here is the second most expensive in Texas, yet it is still cheaper than in other major cities.

  • Fastest-growing US city

Austin is a technology hub and also offers a variety of cultural activities to visitors and locals alike. Did you know that Austin is in the top 10 fastest-growing cities in the US? According to the “American Growth Project”, Austin is ranked as  2nd fastest-growing city. 

In addition to this, Austin is home to many larger businesses and startups. This opens the doors to many young professionals as it has a booming job market with a variety of opportunities. In fact, Austin ranks as the top job market in the country!

  • Bustling tourist market

The tourism industry also plays an important role in Austin since it contributes significantly to the city’s economy. According to Visit Austin Portal, the city of Austin welcomes around 30M tourist arrivals every year. This will surely catch the attention of investors who are aiming to cater to tourist accommodations.

Is Airbnb Profitable in Austin, TX?

Bet at ease because Airbtics assures you that investing in real estate in Austin is profitable. That being said, we must point out that the level of profitability highly depends on the property type and location.

According to Airbtics’ data, an Airbnb host can expect an average annual revenue of $53,977 and a median occupancy rate of 70% for operating a 2-bedroom property in Austin.

best places in texas for airbnb

Top 10 Areas for Airbnb Investment Properties near Austin, Texas

Austin is the 11th most populous city in the US and the 4th in Texas state. It has diverse neighborhoods that are grouped into nine geographical regions. So it’s understandable if you’re struggling to choose the best place to set up your rental property in Austin.

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

1. Southeast Austin
  • Total Number of Airbnb Listings: 45
  • Best bedroom size: 4 bedrooms
  • Median property price (4 bedrooms): $489,000
  • Airbnb Annual revenue: $69,730
  • Gross rental yield: 14.26%
2. North Austin
  • Total Number of Airbnb Listings: 221
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $399,000
  • Airbnb Annual revenue: $52,679
  • Gross rental yield: 13.20%
3. East Austin
  • Total Number of Airbnb Listings: 673
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $499,000
  • Airbnb Annual revenue: $62,841
  • Gross rental yield: 12.59%
4. South Austin
  • Total Number of Airbnb Listings: 278
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $535,000
  • Airbnb Annual revenue: $61,734
  • Gross rental yield: 11.54%
5. Central Austin
  • Total Number of Airbnb Listings: 177
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $495,000
  • Airbnb Annual revenue: $55,149
  • Gross rental yield: 11.14%
6. Canyon Lake, TX
  • Distance from Austin: 41 miles 
  • Total Number of Airbnb Listings: 574
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $410,000
  • Airbnb Annual revenue: $64,261
  • Gross rental yield: 15.67%
7. New Braunfels, TX
  • Distance from Austin: 45 miles 
  • Total Number of Airbnb Listings: 463
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $348,999
  • Airbnb Annual revenue: $72,283
  • Gross rental yield: 20.71%
8. Burnet, TX
  • Distance from Austin: 45 miles
  • Total Number of Airbnb Listings: 149
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $265,000
  • Airbnb Annual revenue: $41,051
  • Gross rental yield: 15.49%
9. San Antonio, TX
  • Distance from Austin: 65 miles 
  • Total Number of Airbnb Listings: 2,739
  • Best bedroom size: 4 bedrooms
  • Median property price (4 bedrooms): $350,000
  • Airbnb Annual revenue: $63,216
  • Gross rental yield: 18.06%
10. Fredericksburg, TX
  • Distance from Austin: 68 miles 
  • Total Number of Airbnb Listings: 722
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $515,000
  • Airbnb Annual revenue: $73,255
  • Gross rental yield: 14.22%

Conclusion

In summary, Austin’s real estate market offers a variety of property options and many profitable areas where investors can obtain a good return on investment by owning an Airbnb listing. There are plenty of neighborhoods and nearby cities in Austin with great rental yields and annual revenue, yet, it is worth mentioning that you still need to analyze your options carefully.

After finding out the best places to Airbnb in Austin, Texas, go ahead and check Airbtics’  Airbnb income calculator. Stand out among your competitor by taking the next step to maximize your profitability using the best Airbnb analytics tool!

Explore The Most Profitable Airbnb Locations Near Austin
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Airbnb Investment All About Airbnb

Top 10 Best Places to Start Airbnb in Los Angeles: Airbnb Investment in 2023

Best places to Airbnb in Los Angeles

There’s no denying that California is one of the most visited states in the USA. In 2022, a whopping 259.8 million tourist arrivals were recorded by Visit California. It’s even expected to increase in the next few years! 

Cali’s booming economy makes a perfect start for Airbnb property investment. Particularly in Los Angeles where more tourist arrivals are anticipated, rental properties are consistently in high demand. 

So if you’re looking for the best places to Airbnb in Los Angeles, you’re on the right track.

In this article, we’ll feature the Airbnb rules in Los Angeles and LA investment properties. Bonus: We’ll also reveal the best areas for Airbnb business near LA – continue reading to learn more!

Is Airbnb allowed in Los Angeles?

Yes, Airbnb is legal in Los Angeles. Airbnb confirms that hosts are required to register with their local city council and publish their permit number on their listing. Here are some notes that you can take note of to be an Airbnb host in Los Angeles:

  • Home sharing is allowed in Los Angeles if it’s your primary residence. Second homes and vacation rentals (long-term stays) are NOT eligible to apply for home sharing.
  • Listings without a permit number or exemption will be blocked for hosting short-term rentals in Los Angeles.
  • Hosting for more than 120 days per calendar year is allowed, but you will need to apply for extended home-sharing.
  • A notarized written approval from your landlord needs to be submitted for home-sharing applications. This is for hosts who are planning to lease a unit for the sole purpose of Airbnb.

Starting an Airbnb business in LA has several rewards, but there are also risks to consider. The major risk is if you unknowingly violate local laws, you will be fined by the city council. The worse part is if you receive a lawsuit! 

LAist recently discovered that there are several hosts who violate LA’s home-sharing law. And because of this, the city council has fined over $300 million in 2021 due to violations. 

Abiding by local laws and regulations is certainly important. It’s highly recommended to visit your local city hall and go through local government websites to gain more knowledge. If possible, you can also reach out to local real estate agents to inquire about your local regulations for short-term rentals.

Is Airbnb Investment Profitable in LA?

Airbnb investment in LA is certainly profitable as long as you target the right market. 

Airbtics’ discovery tool confirms that the most profitable city in LA is Anaheim. An Airbnb host in this area who operates a 3-bedroom property can expect to earn an annual revenue of $121,133 and a GRY of 14.32%.

Best places to Airbnb in Los Angeles

Why Invest in an Airbnb in Los Angeles?

Los Angeles is not just profitable for Airbnb, but there are also affordable housing options available. With its strong economy and competitive market, property investors can expect a high price appreciation. 

In fact, Norada Real Estate guarantees that LA offers the best long-term real estate investments. Known for its leading business industries for IT, logistics, and healthcare among others – LA also offers plenty of job opportunities.

Real estate investment LA should not be overlooked. If you’re looking forward to earning a passive income while enjoying the iconic buildings and views – then Los Angeles is highly recommended!

Best places to Airbnb in Los Angeles

Top 10 Best Areas to Airbnb nearby Los Angeles

If you’re wondering, “Where to Airbnb in Los Angeles?” – we got the solution for you! Check out the nearby cities in LA that are highly recommended for starting an Airbnb business:

1. Long Beach

It is required to register with your local city council to operate a short-term rental in Long Beach. Located 20 miles from LA City Center (25 mins drive), check out the Airbnb data in Long Beach:

  • Recommended bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $664,644
  • Airbnb Annual revenue: $71,292
  • Gross Rental Yield: 10.73%
2. Anaheim

Airbnb rules in Anaheim state that a host should rent their units for at least three nights and obtain a short-term rental permit. Anaheim is located 24 miles from LA City Center (28 mins drive). Here is the Airbnb data in Anaheim:

  • Recommended bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $845,872
  • Airbnb Annual revenue: $121,133
  • Gross Rental Yield: 14.32%
3. Oceanside

Airbnb rules in Oceanside state that you have to apply for an STR permit unless it is a hosted unit or part of a gated HOA with at least 50 units. Oceanside is situated 77 miles from LA City Center (1 hour & 13 mins drive). Discover the Airbnb data in Oceanside:

  • Recommended bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $806,855
  • Airbnb Annual revenue: $127,203
  • Gross Rental Yield: 15.77%
4. Palm Springs

To be an Airbnb host in Palm Springs, you need to have a vacation rental registration certificate. A Transient Occupancy Tax Permit is also needed before operating your short-term rental. Palm Springs is about 99 miles from LA City Center (1 hour & 44 mins drive). Check out the Airbnb data in Palm Springs:

  • Recommended bedroom size: 1 bedroom
  • Median property price (1 bedroom): $255,564
  • Airbnb Annual revenue: $44,461
  • Gross Rental Yield: 17.47%
5. Bakersfield

Bakersfield does not have any short-term regulations yet – and this is what you can take advantage of. Located 93 miles from LA City Center (1 hour & 52 mins drive), here’s the Airbnb data in Bakersfield:

  • Recommended bedroom size: 1 bedroom
  • Median property price (1 bedroom): $156,317
  • Airbnb Annual revenue: $24,629
  • Gross Rental Yield: 15.76%
6. Yucca Valley

To operate a short-term rental in Yucca Valley, an Airbnb host should secure a permit from the local city hall. It is 104 miles from LA City Center (1 hour & 54 mins drive). Check out the Airbnb data in Yucca Valley:

  • Recommended bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $315,220
  • Airbnb Annual revenue: $70,701
  • Gross Rental Yield: 22.43%
7. Indio

The City of Indio requires all Airbnb hosts to register and STRs are only allowed in residential single or multi-family zones. Located about 117 miles from LA City Center (2 hours drive), here is the Airbnb data in Indio:

  • Recommended bedroom size: 5 bedrooms
  • Median property price (5 bedrooms): $638,368
  • Airbnb Annual revenue: $200,213
  • Gross Rental Yield: 31.36%
8. Tulare

To be an Airbnb host in Tulare, one must get a short-term residential rental special use permit. Tulare is situated 154 miles from LA City Center (2 hours & 46 mins drive). Discover the Airbnb data in Tulare:

  • Recommended bedroom size: 1 bedroom
  • Median property price (1 bedroom): $188,435
  • Airbnb Annual revenue: $42,319
  • Gross Rental Yield: 22.46%
9. Henderson

Henderson can be a long drive from LA, but it also offers a promising gross rental yield! Registering your STR is a primary step before hosting an Airbnb in Henderson. It is about 226 miles from LA City Center (4 hours drive). Check out the Airbnb data in Henderson:

  • Recommended bedroom size: 4 bedrooms
  • Median property price (4 bedrooms): $573,128
  • Airbnb Annual revenue: $95,308
  • Gross Rental Yield: 16.63%
10. Monterey

To date, there are no limits for hosting a short-term rental in Monterey. Located about 230 miles from LA City Center (5 hours drive), here’s what you can expect for hosting an Airbnb in Monterey:

  • Recommended bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $1,257,363
  • Airbnb Annual revenue: $178,981
  • Gross Rental Yield: 14.23%

Takeaway

Now that you have a clear overview of the best places to Airbnb in Los Angeles, take the next step in your business!

In general, areas within and nearby Los Angeles county offers several promising property investments. If you’re looking to invest in a new city or nearby neighborhoods, it’s advisable to look at other options and compare each market. 

You should also consider investing in a property in close proximity to your primary residence, tourist areas, or your work office for easy management.

Using an Airbnb profit calculator, you can definitely get ahead of your competitors and make the wisest investment decisions. 

Explore The Most Profitable Airbnb Locations Near Los Angeles

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Airbnb Investment All About Airbnb

Best Places to Airbnb in San Diego: Profitable Areas for Real Estate Investment

best places to airbnb in san diego

Key Takeaways
  • San Diego offers a booming job market that attracts many young professionals. In addition to this, it has a strong tourist market that has helped Airbnb hosts to earn a nice passive income by owning rental properties. 
  • Learn about the advantages that real estate investors have when investing in San Diego, CA.
  • We will also reveal the 10 best neighborhoods and nearby cities in San Diego along with their recommended property type and Airbnb dataset.

Introduction

San Diego enjoys a privileged location on the Pacific Ocean coast of Southern California. Thanks to this, it offers great sunny weather and marvelous beaches, making it a perfect destination to add to your travel itinerary.  

As one of the top cities to start Airbnb in the USA, San Diego is a fascinating place for tourists and professionals alike. This makes it great for real estate investors who want to earn a passive income with rental properties. In addition to this, San Diego is also one of the best places to do Airbnb in California

But you may want to dive deeper and figure out which is the most profitable place for Airbnb property investment in San Diego – so let us lend you a hand!

In this article, we feature the best places to Airbnb in San Diego, California and some of the expectations for rental properties in this city. Interested to learn more? Continue reading!

Advantages of buying a rental property in San Diego

Investing in Airbnb in San Diego real estate is a recommended way of earning a passive income since it offers a good return on investment to Airbnb hosts. San Diego offers different leisure activities and picturesque beaches that will take your breath away. But what kind of advantages does this city offer to investors? Check out some of the reasons why doing real estate investment in San Diego is a good idea:

  • Growing job market 

Many major companies as well as startups are located in San Diego and its surroundings. Thanks to this, the city has a strong economy with a job market that is steadily growing. It also attracts many young professionals that are looking for great job opportunities. Currently, the city has an unemployment rate of 2.7% which is lower than the national average of 6%.

  • Tourists love San Diego

It’s a given fact that San Diego is a major tourist destination in California, thus, the tourism industry contributes a lot to this city’s economy. As a matter of fact, San Diego welcomes over 35M travelers every year! So property investors who are looking to cater to tourist accommodations will find it great that every month a great number of visitors come to this vibrant city to experience its fun recreational activities.

  • It is a safe city

Crime is something that can happen at the least expected moment. Hence, worrying about whether your preferred location is safe or not is a must! So you can avoid them from happening or even be prepared for any outcome. While San Diego is a large city with a bustling tourist market, it’s quite safe since its crime rate is 23 per 1,000 residents and the chance to become a victim of property crime is 1 in 52.

Is Airbnb Profitable in San Diego, CA?

Are you wondering whether your real estate investment in San Diego would be profitable or not? Airbtics assures you that investing in an Airbnb property in San Diego is lucrative. However, you should note that the level of profitability depends on the property type and location.

According to Airbtics’ data, an Airbnb host can expect an average annual revenue of $107,662 and a median occupancy rate of 77% for operating a 3-bedroom property in San Diego.

best places to airbnb in san diego

Top 10 Areas for Real Estate Investment near San Diego, CA

San Diego is the eighth-largest city in the US and the second in the state of California. It has more than 100 lively neighborhoods, hence, it’s understandable if you’re having a hard time choosing the best place to set up your Airbnb listing in San Diego.

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

1. Middletown, San Diego
  • Total Number of Airbnb Listings: 79
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $795,000
  • Airbnb Annual revenue: $143,940
  • Gross rental yield: 18.11%
2. Mission Hills, San Diego
  • Total Number of Airbnb Listings: 126
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $1,024,000
  • Airbnb Annual revenue: $150,465
  • Gross rental yield: 14.69%
3. North Park, San Diego
  • Total Number of Airbnb Listings: 301
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $979,000
  • Airbnb Annual revenue: $102,492
  • Gross rental yield: 10.47%
4. Mission Valley, San Diego
  • Total Number of Airbnb Listings: 110
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $900,000
  • Airbnb Annual revenue: $91,149
  • Gross rental yield: 10.13%
5. Downtown San Diego
  • Total Number of Airbnb Listings: 731
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $799,990
  • Airbnb Annual revenue: $84,664
  • Gross rental yield: 10.58%
6. Carlsbad, CA
  • Distance from San Diego: 29 miles 
  • Total Number of Airbnb Listings: 479
  • Best bedroom size: 2 bedroom
  • Median property price (2 bedroom): $780,000
  • Airbnb Annual revenue: $91,568
  • Gross rental yield: 11.73%
7. Oceanside, CA
  • Distance from San Diego: 35 miles 
  • Total Number of Airbnb Listings: 677
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $799,999
  • Airbnb Annual revenue: $127,203
  • Gross rental yield: 15.90%
8. La Quinta, CA
  • Distance from San Diego: 83 miles
  • Total Number of Airbnb Listings: 699
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $699,000
  • Airbnb Annual revenue: $99,435
  • Gross rental yield: 14.22%
9. Palm Springs, CA
  • Distance from San Diego: 83 miles 
  • Total Number of Airbnb Listings: 2,093
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $995,000
  • Airbnb Annual revenue: $127,725
  • Gross rental yield: 12.83%
10. Indio, CA
  • Distance from San Diego: 89 miles 
  • Total Number of Airbnb Listings: 381
  • Best bedroom size: 5 bedrooms
  • Median property price (5 bedrooms): $639,000
  • Airbnb Annual revenue: $200,213
  • Gross rental yield: 31.28%

Takeaway

San Diego has a variety of property options as well as profitable areas that offer a nice cash-on-cash return to real estate investors. While there are plenty of neighborhoods and nearby cities in San Diego with great rental yields and annual revenue, it is worth noting that you should still analyze your options thoroughly.

Now that you discovered the best places to Airbnb in San Diego, California, jump ahead and check Airbtics’  Airbnb profit estimator. Take the next step to maximize your profitability while you also stand out among your competitors!

Explore The Most Profitable Airbnb Locations Near San Diego

Categories
Airbnb Investment All About Airbnb

The Best Area for Airbnb In Washington DC: 2023 Airbnb Investment Guide

The Best Area for Airbnb in Washington DC: Get an insider tip on the best areas for Airbnb in Washington DC and neighboring cities. Read the listicle to find out!

best areas for Airbnb in washington dc

Get an insider tip on the best areas for Airbnb in Washington DC and neighboring cities. Read the listicle to find out!

Key Takeaways

  • Washington, DC is the seat of the US legislative, executive, and judicial branches. This makes it a viable location for a short-term rental investment which is certain to earn passive income readily available to Airbnb investors.
  • Be in the know about the best real estate investment in DC area and neighboring cities from this listicle showing each place’s best bedroom size and corresponding gross rental yield.
  • These top 10 profitable Airbnb communities are backed by short-term rental data analytics to help investors better discern their next real estate investment.

Introduction

Frank Underwood says in the first season of House of Cards, “Power is a lot like real estate. It’s all about location, location, location.” And where else is that location other than the center of global politics and home to all branches of the US Government, Washington DC!

If you are looking for the best area for a rental property in Washington DC, then read on to narrow down your prospective market. However, rental arbitrage is also a good move for those budding investors who lack the capital in buying rental property in DC.

Why invest in an Airbnb in DC?

Investors have their own motivations for investing in the Airbnb market. But the following reasons are enough encouragement to pursue short-term rental operations in Washington, DC:

  • Promising Tourism Projections

While all cities saw a sharp decline in tourism at the onset of the COVID-19 Pandemic, DC is now recovering and enjoying an upward trend due to the containment of the virus. Therefore, now is the best time to invest in DC more than ever!

  • Central Location

Washington, DC is not only an important place even on its own. Its nearby cities like New York, Boston, and Philadelphia are just as valuable. In DC, you can enjoy being at the center while other major cities are within reach via land travel.

best area for airbnb in washington dc

The Best Areas for Airbnb In Washington DC and Nearby Cities

The location is the main advantage for investors that buy houses in Washington DC since it is in the middle of other lucrative Airbnb markets. Using Airbtics, you can check the profitability of these locations. The following areas can also be your guide on your next short-term rental venture:

airbtics-logo-300x87
Location Number of Airbnb Listings Best Number of Bedrooms Median Property Price Airbnb Annual Revenue GRY
Capitol Riverfront, Washington DC 53 Studio unit $325,000 $30,401 9.35%
Capitol Hill, Washington DC 151 Studio unit $589,950 $53,833 9.13%
Georgetown, Washington DC 94 Studio unit $85,113 $39,528 46.44%
Southwest Waterfront, Washington DC 50 Studio unit $192,450 $28,548 14.83%
Dupont Circle, Washington DC 114 Studio unit $270,000 $29,697 11%
Alexandria, VA 214 2 Bedrooms $485,000 $45,652 9.41%
Baltimore, MD 718 3 Bedrooms $199,000 $27,724 13.93%
Richmond, VA 313 1 Bedroom $260,000 $24,881 9.57%
Charlottesville, VA 151 3 Bedrooms $586,000 $87,730 14.97%

Best Area

Airbnb Dataset

Capitol Riverfront, Washington DC

  • Total Number of Airbnb Listings: 53
  • Most Profitable Number of Bedrooms: Studio unit
  • Median Property Price: $325,000
  • Airbnb Annual Revenue Potential: $30,401
  • Gross Rental Yield: 9.35%

Capitol Hill,
Washington DC

  • Total Number of Airbnb Listings: 151
  • Most Profitable Number of Bedrooms: Studio unit
  • Median Property Price: $589,950
  • Airbnb Annual Revenue Potential: $53,833
  • Gross Rental Yield: 9.13%

Georgetown, Washington DC

  • Total Number of Airbnb Listings: 94
  • Most Profitable Number of Bedrooms: Studio unit
  • Median Property Price: $85,113
  • Airbnb Annual Revenue Potential: $39,528
  • Gross Rental Yield: 46.44%

Southwest Waterfront,
Washington DC

  • Total Number of Airbnb Listings: 50
  • Most Profitable Number of Bedrooms: Studio unit
  • Median Property Price: $192,450
  • Airbnb Annual Revenue Potential: $28,548
  • Gross Rental Yield: 14.83%

Dupont Circle, Washington DC

  • Total Number of Airbnb Listings: 114
  • Most Profitable Number of Bedrooms: Studio unit
  • Median Property Price: $270,000
  • Airbnb Annual Revenue Potential: $29,697
  • Gross Rental Yield: 11%
  • Total Number of Airbnb Listings: 214
  • Most Profitable Number of Bedrooms: 2 Bedrooms
  • Median Property Price: $485,000
  • Airbnb Annual Revenue Potential: $45,652
  • Gross Rental Yield: 9.41%

Baltimore, MD

  • Total Number of Airbnb Listings: 718
  • Most Profitable Number of Bedrooms: 3 Bedrooms
  • Median Property Price: $199,000
  • Airbnb Annual Revenue Potential: $27,724
  • Gross Rental Yield: 13.93%

Richmond, VA

  • Total Number of Airbnb Listings: 313
  • Most Profitable Number of Bedrooms: 1 Bedroom
  • Median Property Price: $260,000
  • Airbnb Annual Revenue Potential: $24,881
  • Gross Rental Yield: 9.57%
  • Total Number of Airbnb Listings: 151
  • Most Profitable Number of Bedrooms: 3 Bedrooms
  • Median Property Price: $586,000
  • Airbnb Annual Revenue Potential: $87,730
  • Gross Rental Yield: 14.97%

Source: Airbtics Dashboard

Airbnb Regulations in Washington DC and Neighboring Cities

It’s crucial to follow the short-term rental regulations in your prospective market. Doing so will ensure that you will not have any legal problems down the line. So here are a few things you need to keep in mind:

1. WASHINGTON DC

Hosts planning to have an investment property in Washington DC should first apply for a Short-Term or Vacation Rental License to kick off their Airbnb. 

In a Short-Term rental, the host should also be on the same property, which has a spare bedroom for their Airbnb guests. Only the presence of the host differentiates a Short-Term Rental from Vacation Rental, as defined by the local government of the District of Columbia.

2. ALEXANDRIA, VIRGINIA

The short-term rental operator must be the property owner and reside on the property for at least 185 days per year. To operate the rental, they must obtain a biennial Short-Term Rental Permit, which costs $300 and covers administration and monitoring expenses. The permit is valid from January 1 of the year it is obtained until December 31 of the following year, regardless of the acquisition date.

3. BALTIMORE, MARYLAND

The local government of Baltimore requires hosts to secure a license from the Housing Commissioner. It also requires the host to be a permanent resident of the investment property. 

This means that they should also reside there for at least 180 days annually. Baltimore is 35 miles from Washington, DC (54 minutes drive).

4. RICHMOND, VIRGINIA

A Short-Term Rental Permit is required to operate an Airbnb property in Richmond. Click here to apply. Richmond is 98 miles from Washington (1 hour and 44 minutes drive).

5. CHARLOTTESVILLE, VIRGINIA

Hosts are required to obtain a Certificate of Registration from the Commissioner of Revenue before engaging in an Airbnb business. Charlottesville is 99 miles southwest of Washington DC (2 hours and 10 minutes drive).

How To Use Data Analytics in Finding Profitable Airbnb Markets?

Airbtics gives 2 options to help you find profitable short-term rental markets:

1. You can use the Discovery Tool to get a general overview of your prospective Airbnb market. Simply type in your chosen city, and you will instantly see the following:

    • Market Name
    • The Best Number of Bedrooms
    • Market Size
    • Market Type
    • Gross Rental Yield

You can also see the neighboring cities of your chosen market. This will widen your horizon and inform you of other best Airbnb locations to invest in. If you’re lucky, you might end up entering a more profitable one than what you originally had in mind!

best area for airbnb in washington dc

2. From the general overview using Discovery Tools, Airbtic also allows you to dive deep using Insights Tool. It’s the same drill. Enter your preferred city to check the following Airbnb metrics:

    • Revenue Potential
    • Occupancy Rate
    • Nightly Rate
    • Revenue Heatmap

The powerful Insights Tool allows you to create a Custom Market. This advanced yet easy-to-use tool allows you to have a more in-depth approach to accessing short-term rental data. Plus, there are no restrictions on geographical boundaries. 

best area for airbnb in washington dc

Conclusion

Frank Underwood continues, “The closer you are to the source, the higher your property value.” That may be true in most cases, but the powerful Airbtics Discovery Tool shows that investors can earn $20,000 more in Newport News! 

Airbtics not only pinpoints the best neighborhoods for Airbnb in Washington DC and neighboring cities. With just a few clicks, it can also show the potential annual revenue and other short-term rental metrics.

If you’d like to check the rental yield of your short-term rental property, feel free to try our Airbnb Calculator. This has helped a lot of investors make a more informed choice as they are guided by the right numbers! 

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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Best Places to Airbnb in Pennsylvania: Top Areas for Investment Properties in Philadelphia

best places to airbnb in Pennsylvania

Key Takeaways
  • The cheap real estate market and steady economic growth of Philadelphia allows many property investors to earn a good passive income through Airbnb. 
  • Discover the advantages that real estate investors have when investing in Philadelphia, Pennsylvania.
  • The top 10 neighborhoods and nearby cities in Philadelphia, PA are revealed along with their recommended property type and Airbnb data.

Introduction

Philadelphia owns a rich history since is one of the oldest cities in the US. In fact, this is where the Declaration of Independence was signed. It is also the former capital city of the country. Best known as the City of Brotherly Love, Philly is home to iconic landmarks such as the Independence Hall and the Liberty Bell.

Philly is a city that blends its historical and cultural legacy with modernism and technology. It offers a variety of entertainment activities, museums, top-tier restaurants, cafes and amazing parks.

Philadelphia owns an attractive housing market and a diversified economy that has drawn many investors’ attention. But you may wonder, “which is the best place to invest in real estate in Philadelphia?” – we got you!

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

Advantages of buying an investment property in Philadelphia

Investing in Airbnb in Philadelphia is a great way to earn a passive income while achieving financial freedom. This is because it offers good investment opportunities to real estate investors. Philly is one of the most lively cities in the US and a treasure of culture and history. But what advantages does this location offer to property investors? Check out some of the reasons why buying an investment property in Philadephia can be profitable:

  • Philly’s real estate market

One of the top advantages of investing in Philadelphia is that its real estate market is quite affordable! Based on Zillow Index, the average property price is $216,524K, trending up 7.2% year over year. Overall, the median housing value is 20% lower than the national average and 12% cheaper compared to other cities in the state.

  • Diversified economy and great location

The city of Philadelphia is constantly growing and its economy is quite diverse! Its economy is driven by the healthcare, IT, biotechnology and financial sectors. In fact, Philly is one of the Top 10 MSA in the US and not only that, but it’s also home to renowned academic institutions. Thanks to these factors, Philly enjoys a steady economic expansion.

Aside from its diversified economy, Philadelphia also owns a prime location. The city is located near the Atlantic Ocean and is quite easy to have access to major cities like NYC and Washington D.C. So you will be a short flight away from great cities!

  • Popular historical destination

It’s a given fact that Philadelphia owns a significant historical and cultural legacy in the US. In fact, this place is where the “American dream” arose! Home to important architectural treasures and historical sites, Philly welcomed around 36M tourist arrivals just in 2021 as confirmed by the city’s government official website. This surely sounds interesting to property investors who want to cater to tourist accommodations.

Is Airbnb Profitable in Philadelphia, PA?

Are you worried that your real estate investment in Philly won’t be profitable? You don’t need to worry anymore. Airbtics confirms that investing in an Airbnb property in Philadelphia is lucrative. In fact, this city is one of the top Airbnb cities in the USA where you can earn a monthly revenue of $2,000+! Yet, you should have in mind that the level of profitability depends on the property type and location.

Based on Airbtics’ data, an Airbnb host can expect an average annual revenue of $50,883 and a median occupancy rate of 61% for operating a 4-bedroom property in Philadelphia.

best places to airbnb in Pennsylvania

Top 10 Areas for Airbnb Investment Properties near Philadelphia, Pennsylvania

Philadelphia is the largest city in the state of Pennsylvania and one of the most historically significant cities in the US. Philly has more than 150 defined neighborhoods, thus, it’s understandable if you’re having a hard time choosing the best place to set up your Airbnb listing in Philadelphia.

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

 1. Kensington, Philadelphia 
  • Total Number of Airbnb Listings: 99
  • Best bedroom size: 4 bedrooms
  • Median property price (4 bedrooms): $259,900
  • Airbnb Annual revenue: $81,676
  • Gross rental yield: 31.43%
2. Fishtown, Philadelphia 
  • Total Number of Airbnb Listings: 92
  • Best bedroom size: 4 bedrooms
  • Median property price (4 bedrooms): $339,900
  • Airbnb Annual revenue: $81,676
  • Gross rental yield: 24.02%
3. Philadelphia Center City
  • Total Number of Airbnb Listings: 1,027
  • Best bedroom size: 4 bedrooms
  • Median property price (4 bedrooms): $529,900
  • Airbnb Annual revenue: $113,402
  • Gross rental yield: 21.40%
4. Grays Ferry, Philadelphia 
  • Total Number of Airbnb Listings: 37
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $215,000
  • Airbnb Annual revenue: $41,662
  • Gross rental yield: 19.38%
5. Brewerytown, Philadelphia 
  • Total Number of Airbnb Listings: 63
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $269,000
  • Airbnb Annual revenue: $39,056
  • Gross rental yield: 14.52%
6. Wilmington, DE
  • Distance from Philadelphia: 33 miles 
  • Total Number of Airbnb Listings: 93
  • Best bedroom size: 1 bedroom
  • Median property price (1 bedroom): $164,500
  • Airbnb Annual revenue: $33,793
  • Gross rental yield: 20.54%
7. Atlantic City, NJ
  • Distance from Philadelphia: 55 miles 
  • Total Number of Airbnb Listings: 283
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $165,000
  • Airbnb Annual revenue: $50,498
  • Gross rental yield: 30.60%
8. Allentown, PA
  • Distance from Philadelphia: 64 miles
  • Total Number of Airbnb Listings: 54
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $159,900
  • Airbnb Annual revenue: $34,756
  • Gross rental yield: 21.74%
9. Wildwood, NJ
  • Distance from Philadelphia: 69 miles 
  • Total Number of Airbnb Listings: 339
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $525,000
  • Airbnb Annual revenue: $61,108
  • Gross rental yield: 11.64%
10. Baltimore, MD
  • Distance from Philadelphia: 89 miles 
  • Total Number of Airbnb Listings: 1,044
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $189,000
  • Airbnb Annual revenue: $52,518
  • Gross rental yield: 27.78%

Summary

Philadelphia has a variety of property options as well as profitable areas that offer a nice cash-on-cash return to real estate investors. While there are plenty of neighborhoods and nearby cities in Philly with great rental yields and annual revenue, it is worth noting that you should still analyze your options thoroughly.

Now that we revealed the best places to Airbnb in Philadelphia, Pennsylvania, we encourage you to go further and check Airbtics’ short-term rental calculator. Maximize your profitability and stand out among your competitors now!

Explore The Most Profitable Airbnb Locations Near Philadelphia

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Airbnb Investment All About Airbnb

Best Areas in Louisville for Airbnb: Top 10 Most Profitable Locations

best areas in Louisville for Airbnb

Key Takeaways
  • Louisville’s median annual appreciation rate, affordable real estate prices, and cost of living have allowed many Airbnb hosts in the city to earn a good passive income.
  • Learn about the advantages of investing in short-term rental properties in Louisville and nearby areas in Kentucky.
  • Find out the best profitable neighborhoods and cities near Louisville along with their average property prices and Airbnb data.

Introduction

Louisville is known as the largest city in Kentucky State and is recognized as a top festival and event destination. From its fascinating museums to more than 2,500 top-tier restaurants, Louisville is a city that offers everything, so you will never run out of things to do.

If you’re wondering which areas are the most lucrative ones for Airbnb in Louisville – we have you covered because they’re featured here!

In this article, you will discover the best areas to do Airbnb in Louisville, Kentucky, and some of the expectations for investing in short-term rental properties. Want to know more? Then we recommend you to continue reading.

Why invest in an Airbnb in Louisville, Kentucky?

Louisville offers profitable investment opportunities for property investors. This city is known for its friendly atmosphere and great festivals, but what advantages will investors have if they target this city? Check out some of the reasons why buying a rental property in Louisville is a good investment: 

  • Affordable Real estate market

When it comes to real estate prices, the best advantage that property investors will find in Louisville is its affordable housing market. The median home value in this city is 23% lower than the US average. Furthermore, based on Zillow Index, the average property price is $225,963 and is trending up 6.4% year-over-year.

  • Guaranteed ROI

An Airbnb property investment can turn into a good source of passive income for investors, but it requires a lot of time, research and money. However, Louisville is not the exception when it comes to offering investors great opportunities and getting a solid return on investment. The median annual appreciation rate is 4.97%, which makes Louisville an attractive option for Airbnb investors as confirmed by Louisville Neighborhoods.

  • Popular tourist destination

If you’re looking to cater to tourist accommodations, then Louisville is a great city to target. Louisville is full of interesting attractions and throughout the year, there are many festivals and events. In fact, the city welcomes around 16.4M visitors annually!

Is Airbnb Profitable in Louisville?

Airbtics confirms that Airbnb investment properties in Louisville are profitable. But still, investors should keep in mind that the level of profitability depends on the location and property type.

Based on Airbtics’ data, an Airbnb host can expect a median occupancy rate of 65% and an average daily rate of $133 for operating a 2-bedroom property in Louisville.

best areas in Louisville for Airbnb

The 10 Best Places to Airbnb near Louisville, KY

Louisville is the largest city in Kentucky and the 28th most populous city in the US. It has around 134 designated neighborhoods. So you may be wondering, “which area should I target in Louisville for short-term rental investments?”.

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

1. Beechmont, Louisville
  • Total Number of Airbnb Listings: 24
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $244,900
  • Airbnb Annual revenue: $108,166
  • Gross rental yield: 44.17%
2. Downtown, Louisville
  • Total Number of Airbnb Listings: 113
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $225,000
  • Airbnb Annual revenue: $79,783
  • Gross rental yield: 35.46%
3. Crescent Hill, Louisville
  • Total Number of Airbnb Listings: 36
  • Best bedroom size: 3 bedroom
  • Median property price (3 bedroom): $230,000
  • Airbnb Annual revenue: $78,140
  • Gross rental yield: 33.97%
4. Germantown, Louisville
  • Total Number of Airbnb Listings: 38
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $215,000
  • Airbnb Annual revenue: $43,348
  • Gross rental yield: 20.16%
5. Old Louisville
  • Total Number of Airbnb Listings: 77
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $175,000
  • Airbnb Annual revenue: $30,880
  • Gross rental yield: 17.65%
6. Jeffersonville, IN
  • Distance from Louisville: 3 miles 
  • Total Number of Airbnb Listings: 36
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $264,000
  • Airbnb Annual revenue: $46,935
  • Gross rental yield: 17.78%
7. Cincinnati, OH
  • Distance from Louisville: 31 miles 
  • Total Number of Airbnb Listings: 815
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $225,000
  • Airbnb Annual revenue: $53,521
  • Gross rental yield: 23.79%
8. Lexington, KY
  • Distance from Louisville: 72 miles 
  • Total Number of Airbnb Listings:  515
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $256,000
  • Airbnb Annual revenue: $52,373
  • Gross rental yield: 20.46%
9. Indianapolis, IN
  • Distance from Louisville: 103 miles 
  • Total Number of Airbnb Listings: 1,108
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $151,000
  • Airbnb Annual revenue: $46,072
  • Gross rental yield: 30.51%
10. Owensboro, KY
  • Distance from Louisville: 107 miles
  • Total Number of Airbnb Listings: 32
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $159,900
  • Airbnb Annual revenue: $36,624
  • Gross rental yield: 22.90%

Conclusion

There are plenty of profitable neighborhoods and nearby cities in Louisville that offer great investment opportunities to Airbnb hosts. While there are many locations that you can target and can bring attractive rental yields and annual revenue, it’s important to analyze them carefully to avoid unprofitable neighborhoods.

Now that we revealed the best areas for Airbnb in Louisville, Kentucky, you should also go further and check Airbtics’ short-term rental profit estimator. Take the next step and stand out among your competitors while maximizing your profitability!

Explore The Most Profitable Airbnb Locations Near Louisville

Categories
Airbnb Investment All About Airbnb

Best Places to Airbnb in Tennessee: Investment Properties in Memphis 2023

best places to Airbnb in Tennessee

Key Takeaways
  • The low cost of living, affordable real estate market, and economic growth of Memphis helped many hosts to earn a nice passive income through Airbnb. 
  • Learn the advantages that investors can enjoy when investing in short-term rentals in Memphis, Tennessee.
  • Discover the top 10 neighborhoods and nearby cities in Memphis, TN along with their median housing values and respective Airbnb data.

Introduction

Memphis is known for its Southern charm. This city is surrounded by a rich music history since it’s the place where rock n’ roll was created and is also the cradle of the blues genre. Visitors and locals alike can eat the best barbecues in the country while enjoying the great musical atmosphere.

The Bluff City has a lot to offer, not only to music lovers but also to those who are passionate about animals as it has the Peabody Ducks and the award-winning Memphis Zoo.

Memphis offers an interesting real estate market, a great quality of life, and a business-friendly climate. This has drawn many investors’ attention over the past few years. But you may wonder, “which are the most profitable areas for Airbnb in Memphis?” – allow us to lend you a hand!

In this article, we’ll feature the best places to do Airbnb in Memphis, Tennessee and some of the expectations for Airbnb investment properties in this city. Continue reading to learn more.

Advantages of investing in real estate in Memphis, TN

Buying a rental property in Memphis, TN is a great way of achieving financial freedom since this city offers attractive investment opportunities to investors. This city is also a commercial center that is widely known as the cradle of the blue music genre, but what advantages does this location offer to property investors? Check out some of the major reasons why buying a rental property in Memphis, TN is a great idea: 

  • Great quality of life

Memphis does not only offer the best barbecues in the country but also a great quality of life! In fact, living expenses and housing prices are fairly low in Memphis compared to other major cities. The average property price is $146K with a 1-year value change of 12.9%. In addition to this, the cost of living is 19% cheaper than the national average.

  • Booming economy 

Memphis is a thriving commercial, financial, and technological center. Thanks to its strategic location along the Mississippi River and major railway, the city became a logistic powerhouse. It’s home to many major companies like FedEx & ServiceMaster and start-up companies that offer great job opportunities.

  • Tourism industry

Did you know that over 10M people visit Memphis every year? According to Greater Memphis Chamber, the musical history of Memphis is internationally acclaimed! A great number of tourists come to the city to visit places like Elvis Presley’s Graceland, the legendary Sun Studios, and various music festivals. Aside from that, the National Civil Rights Museum, Memphis Zoo and the Peabody Ducks also attract thousands of visitors.

Is Airbnb Profitable in Memphis, TN?

Are you concerned that your investment property in Memphis won’t be profitable? Don’t worry! Airbtics confirms that investing in real estate in Memphis is certainly profitable. Yet, investors should note that the level of profitability highly depends on the property type and location.

Based on Airbtics’ data, an Airbnb host can expect an average annual revenue of $47,091 and a median occupancy rate of 68% for operating a 3-bedroom property in Memphis.

best places to Airbnb in Tennessee

10 Most Profitable Areas near Memphis for Airbnb

Memphis is the second largest city in the state of Tennessee and also a center for global commerce. It has 5 defined districts that are confirmed by many lively neighborhoods. Hence, we understand if you’re struggling to choose the best location to set up your Airbnb listing in Memphis.

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

1. Downtown Memphis
  • Total Number of Airbnb Listings: 107
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $299,000
  • Airbnb Annual revenue: $41,196
  • Gross rental yield: 13.78%
2. Central Gardens, Memphis
  • Total Number of Airbnb Listings: 29
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $299,000
  • Airbnb Annual revenue: $37,272
  • Gross rental yield: 12.47%
3. Crosstown, Memphis
  • Total Number of Airbnb Listings: 28
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $189,900
  • Airbnb Annual revenue: $44,608
  • Gross rental yield: 23.49%
4. Uptown, Memphis
  • Total Number of Airbnb Listings: 20
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $224,950
  • Airbnb Annual revenue: $50,453
  • Gross rental yield: 22.43%
5. Binghampton, Memphis
  • Total Number of Airbnb Listings: 25
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $110,000
  • Airbnb Annual revenue: $36,263
  • Gross rental yield: 32.97%
6. Cooper-Young, Memphis
  • Total Number of Airbnb Listings: 57
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $235,000
  • Airbnb Annual revenue: $40,078
  • Gross rental yield: 17.05%
7. Oxford, MS
  • Distance from Memphis: 62 miles 
  • Total Number of Airbnb Listings: 224
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $184,500
  • Airbnb Annual revenue: $40,161
  • Gross rental yield: 21.76%
8. Little Rock, AR
  • Distance from Memphis: 134 miles 
  • Total Number of Airbnb Listings: 273
  • Best bedroom size: 1 bedroom
  • Median property price (1 bedroom): $175,000
  • Airbnb Annual revenue: $22,964
  • Gross rental yield: 13.12%
9. Hot Springs, AR
  • Distance from Memphis: 176 miles 
  • Total Number of Airbnb Listings: 330
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $174,500
  • Airbnb Annual revenue: $31,876
  • Gross rental yield: 18.26%
10. Nashville, TN
  • Distance from Memphis: 197 miles
  • Total Number of Airbnb Listings: 2,748
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $345,900
  • Airbnb Annual revenue: $69,480
  • Gross rental yield: 20.09%

Takeaway

In summary, Memphis has a variety of profitable areas that offer good investment opportunities to property investors. While there are diverse neighborhoods and nearby cities in Memphis with attractive rental yields and annual revenue, it’s important to carefully consider your options.

After discovering the best places to Airbnb in Memphis, Tennessee, take the next step in this journey and check Airbtics’ short-term rental income estimator. Choose to stand out among your competitors and maximize your profitability!

Explore The Most Profitable Airbnb Locations Near Memphis

Categories
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Top 10 Places to Start an Airbnb Business in Oklahoma City

Top 10 Places to Start an Airbnb Business in Oklahoma City: Wondering where the best places to Airbnb in Oklahoma City are? Here you’ll find profitable areas in OKC along with their respective Airbnb data.

best places to Airbnb in Oklahoma City

Wondering where the best places to Airbnb in Oklahoma City are? Here you’ll find profitable areas in OKC along with their respective Airbnb data.

Key Takeaways

  • The affordable real estate market and economic strength of Oklahoma City have helped many Airbnb hosts to earn a good passive income with short-term rentals. 
  • Learn the advantages that investors have when investing in short-term rentals in Oklahoma City and nearby areas.
  • Find out the best neighborhoods and nearby cities in OKC along with their recommended property types, median housing values, and respective Airbnb data.

Introduction

Oklahoma City is the capital of the state and also the economical region. It’s a big urban area with a small-town charm that offers plenty of recreational activities, restaurants, performing arts centers and interesting museums. 

With a diversified economy and a growing tourism industry, Oklahoma City can easily draw investors’ attention. But here’s the big question, “where are the most profitable areas for Airbnb in Oklahoma City?” – we got you!

In this article, we feature the best places to do Airbnb in Oklahoma City and some of the expectations for Airbnb investment properties in Oklahoma City. Continue reading to learn more.

Why invest in an Airbnb in Oklahoma City?

Are you thinking of investing in a real estate property in Oklahoma City? If so, then you should know that this is a great way of achieving financial freedom.  This is because Oklahoma City offers profitable opportunities for real estate investors. This city allows locals and visitors alike to immerse themselves in the legacy of the old West. But what are the advantages offered by this location to property investors? Check out some of the major reasons why investing in Airbnb property investments in OKC is a great idea: 

  • Attractive housing market

One of the advantages of buying an investment property in Oklahoma City is that the housing values are fairly affordable compared to many other major cities. The median property price is $188,077, which is 23% lower than the national average. In addition to this, Oklahoma also has a low cost of living that is 12% cheaper compared to the national average.

  • Diversified and strong economic region

Oklahoma City is the most important economic area in the state. It owns a diversified economy with aviation, aerospace, bioscience, energy and logistics. Its major industry sectors play a significant role in OFC’s economy. There are many job opportunities, thus, more and more people are moving to the city at a steady rate. Currently, the unemployment rate in Oklahoma is 2.4%.

  • OKC is a growing tourist destination

In the past few years, Oklahoma City’s tourism has been growing since it attracts more visitors year-over-year! In fact, OKC has a lot to offer to travelers even though it’s a big urban area. This includes its fascinating Native American history, the old West vibes, Route 66, and charming town vibes. Just in 2021, the city welcomed over 21M tourist arrivals!

Is Airbnb Profitable in Oklahoma City?

Airbtics confirms that Airbnb investment properties in Oklahoma City are certainly profitable. Still, investors should note that the level of profitability highly depends on the property type and location.

According to Airbtics’ data, an Airbnb host can expect an average annual revenue of $48,563 and a median occupancy rate of 60% for operating a 4-bedroom property in Oklahoma City.

best places to Airbnb in Oklahoma City

Source: Airbtics Dashboard

The 10 Best Places to Airbnb near Oklahoma City

Oklahoma City is the largest city in the state and it has 220 diverse neighborhoods. So it’s understandable if you’re having a hard time choosing the ideal location for real estate investments in Oklahoma City!

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

airbtics-logo-300x87
Location Number of Airbnb Listings Best Number of Bedrooms Median Property Price Airbnb Annual Revenue GRY
Downtown Oklahoma City 61 3 Bedrooms $270,000 (3 BD) $69,865 25.88%
Woodland Park, OKC 11 3 Bedrooms $223,901 (3 BD) $44,390 19.83%
Classen-Ten-Penn, OKC 40 3 Bedrooms $245,000 (3 BD) $47,540 19.40%
Uptown Oklahoma City 108 3 Bedrooms $219,000 (3 BD) $39,471 18.02%
Gatewood UCD, OKC 42 3 Bedrooms $220,000 (3 BD) $32,109 14.60%
Edmond, OK (14 mi away) 79 3 Bedrooms $285,000 (3 BD) $36,422 15.58%
Tulsa, OK (93 mi away) 318 3 Bedrooms $177,500(3 BD) $38,719 21.81%
Muskogee, OK (138 mi away) 12 3 Bedrooms $170,000 (3 BD) $31,059 18.27%
Denton, TX (158 mi away) 65 4 Bedrooms $399,900 (4 BD) $76,598 19.15%
Fort Worth, TX (187 mi away) 666 2 Bedrooms $220,000 (2 BD) $44,629 20.29%

Airbnb Location

Airbnb Dataset

Downtown Oklahoma City

  • Total Number of Airbnb Listings: 61
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $270,000
  • Airbnb Annual revenue: $69,865
  • Gross rental yield: 25.88%

Woodland Park, OKC

  • Total Number of Airbnb Listings: 11
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $223,901
  • Airbnb Annual revenue: $44,390
  • Gross rental yield: 19.83%

Classen-Ten-Penn, OKC

  • Total Number of Airbnb Listings: 40
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $245,000
  • Airbnb Annual revenue: $47,540
  • Gross rental yield: 19.40%

Uptown Oklahoma City

  • Total Number of Airbnb Listings: 108
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $219,000
  • Airbnb Annual revenue: $39,471
  • Gross rental yield: 18.02%

Gatewood UCD, OKC

  • Total Number of Airbnb Listings: 42
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $220,000
  • Airbnb Annual revenue: $32,109
  • Gross rental yield: 14.60%

Edmond, OK

  • Distance from Oklahoma City: 14 miles 
  • Total Number of Airbnb Listings: 79
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $285,000
  • Airbnb Annual revenue: $36,422
  • Gross rental yield: 15.58%

Tulsa, OK

  • Distance from Oklahoma City: 93 miles 
  • Total Number of Airbnb Listings: 318
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $177,500
  • Airbnb Annual revenue: $38,719
  • Gross rental yield: 21.81%

Muskogee, OK

  • Distance from Oklahoma City: 138 miles 
  • Total Number of Airbnb Listings: 12
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $170,000
  • Airbnb Annual revenue: $31,059
  • Gross rental yield: 18.27%

Denton, TX

  • Distance from Oklahoma City: 158 miles
  • Total Number of Airbnb Listings: 65
  • Best bedroom size: 4 bedrooms
  • Median property price (4 bedrooms): $399,900
  • Airbnb Annual revenue: $76,598
  • Gross rental yield: 19.15%

Fort Worth, TX

  • Distance from Oklahoma City: 187 miles 
  • Total Number of Airbnb Listings: 666
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $220,000
  • Airbnb Annual revenue: $44,629
  • Gross rental yield: 20.29%

Source: Airbtics Dashboard

Conclusion

Oklahoma City has many lucrative areas that offer good investment opportunities to Airbnb hosts. While there are plenty of neighborhoods and nearby cities in OKC that can bring attractive rental yields and annual revenue, it’s essential to analyze each of your options carefully.

Now that you found out the best places to Airbnb Oklahoma City, you should go further and check Airbtics’ Airbnb calculator. Choose to stand out among your competitors and maximize your profitability!

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

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

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Top 10 Profitable Places to do Airbnb in Las Vegas, Nevada

Best Places to Airbnb in Las Vegas: Wondering which places in Las Vegas are the best for Airbnb? Here we feature profitable areas in Las Vegas & their respective Airbnb data.

best places to Airbnb in Las Vegas

Wondering which places in Las Vegas are the best for Airbnb? Here we feature profitable areas in Las Vegas & their respective Airbnb data.

Key Takeaways

  • The real estate market in Las Vegas and its affordable cost of living allowed many property investors in the city to earn a good passive income. In addition to this, the tourism industry and business-friendly environment have also contributed to the success of Airbnb properties.
  • Find out the advantages for property investors who want to invest in Las Vegas and nearby areas in Nevada.
  • Discover the top 10 most profitable neighborhoods and nearby cities in Las Vegas along with their recommended property type, average housing price and respective Airbnb data.

Introduction

Las Vegas is best known as the entertainment capital of the world. It never disappoints anyone with its different exciting activities that are mostly for adults. On top of that, this city is one of the most visited destinations around the world!

This internationally renowned major resort city is widely known for its exciting nightlife, great restaurants, shopping, and fascinating thematic hotels. And of course, we can’t forget to mention gambling! 

You may be asking yourself: “which are the most profitable areas for Airbnb in Las Vegas?” – let us lend you a hand!

In this article, we will feature the best places to do Airbnb in Las Vegas and some of the expectations for buying investment properties in Las Vegas. Stoked to learn more? Then continue reading.

Why invest in an Airbnb in Las Vegas, Nevada?

Investing in real estate in Las Vegas is a great way of achieving financial freedom as it offers profitable opportunities for property investors. This city is widely known for its casinos and vibrant nightlife, but what are the advantages for investors if they invest in this city? Check out some of the reasons why buying an investment property in Las Vegas is a good idea: 

  • Affordable real estate

One of the top advantages of buying a short-term rental property in Las Vegas is that the housing prices are quite affordable compared to other major cities. The average property price is $389,830 with a 1-year value change of 4.4% as confirmed by Zillow Index. In addition to this, this city also has very low property taxes and requires no state income taxes!

  • Popular tourist destination

When it comes to tourism, Las Vegas stands out as one of the most visited cities in the world. So if you’re an investor who’s looking to cater to tourist accommodations, then you will find Las Vegas’ tourist market great. As a matter of fact, around 32,2M travelers visited this city just in 2021 and the numbers continue to grow each year after the pandemic.

  • Top-tier destination for investors

An Airbnb property investment can turn into a good source of passive income for hosts and targeting Las Vegas is a solid bet for investors. Aside from being a mecca for gambling and entertainment, Las Vegas is a fast-growing city with a business-friendly environment and affordable cost of living. Moreover, the city is not prone to natural disasters. Thus, it’s guaranteed that you will be getting a good return on investment without worrying about natural damages.

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Is Airbnb Profitable in Las Vegas?

Airbtics confirms that Airbnb investment properties in Las Vegas are lucrative. In fact, this city is one of the top Airbnb cities in the USA! However, investors should keep in mind that the level of profitability highly depends on the property type and its location.

According to Airbtics’ data, an Airbnb host can expect an average annual revenue of $56,585 and a median occupancy rate of 69% for operating a 4-bedroom property in Las Vegas.

best places to Airbnb in Las Vegas

Source: Airbtics Dashboard

The 10 Best Places to Airbnb near Las Vegas, NV

Las Vegas is the largest city within the greater Mojave Desert and is the most populous city in Nevada. It has many individual neighborhoods, so you may wonder which area should you choose to do real estate investments in Las Vegas – don’t worry, we got you!

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

airbtics-logo-300x87
Location Number of Airbnb Listings Best Number of Bedrooms Median Property Price Airbnb Annual Revenue GRY
Charleston, Las Vegas 190 4 Bedrooms $384,900 (4 BD) $111,121 28.87%
Angel Park, Las Vegas 66 3 Bedrooms $380,000 (3 BD) $61,806 16.26%
West Las Vegas 25 2 Bedrooms $295,000 (2 BD) $45,168 15.31%
Rancho Oakey, Las Vegas 39 3 Bedrooms $407,000 (3 BD) $79,663 19.57%
Summerlin, Las Vegas 53 3 Bedrooms $460,000 (3 BD) $69,692 15.15%
North Las Vegas, NV (3 mi away) 188 3 Bedrooms $375,000 (3 BD) $60,037 16.01%
Paradise, NV (12 mi away) 2.636 4 Bedrooms $475,000 (4 BD) $80,102 16.86%
Henderson, NV (13 mi away) 246 4 Bedrooms $575,000 (4 BD) $95,308 16.57%
Bullhead City, AZ (98 mi away) 113 3 Bedrooms $299,900 (3 BD) $51,650 17.22%
Joshua Tree, CA (157 mi away) 469 3 Bedrooms $459,000 (3 BD) $72,822 15.87%

Airbnb Location

Airbnb Dataset

Charleston, Las Vegas

  • Total Number of Airbnb Listings: 190
  • Best bedroom size: 4 bedrooms
  • Median property price (4 bedrooms): $384,900
  • Airbnb Annual revenue: $111,121
  • Gross rental yield: 28.87%

Angel Park, Las Vegas

  • Total Number of Airbnb Listings: 66
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $380,000
  • Airbnb Annual revenue: $61,806
  • Gross rental yield: 16.26%

West Las Vegas

  • Total Number of Airbnb Listings: 25
  • Best bedroom size: 2 bedroom
  • Median property price (2 bedroom): $295,000
  • Airbnb Annual revenue: $45,168
  • Gross rental yield: 15.31%

Rancho Oakey, Las Vegas

  • Total Number of Airbnb Listings: 39
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $407,000
  • Airbnb Annual revenue: $79,663
  • Gross rental yield: 19.57%

Summerlin, Las Vegas

  • Total Number of Airbnb Listings: 53
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $460,000
  • Airbnb Annual revenue: $69,692
  • Gross rental yield: 15.15%

North Las Vegas, NV

  • Distance from Las Vegas: 3 miles 
  • Total Number of Airbnb Listings:  188
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $375,000
  • Airbnb Annual revenue: $60,037
  • Gross rental yield: 16.01%

Paradise, NV

  • Distance from Las Vegas: 12 miles
  • Total Number of Airbnb Listings: 2,636
  • Best bedroom size: 4 bedrooms
  • Median property price (4 bedrooms): $475,000
  • Airbnb Annual revenue: $80,102
  • Gross rental yield: 16.86%

Henderson, NV

  • Distance from Las Vegas: 13 miles 
  • Total Number of Airbnb Listings: 246
  • Best bedroom size: 4 bedrooms
  • Median property price (4 bedrooms): $575,000
  • Airbnb Annual revenue: $95,308
  • Gross rental yield: 16.57%

Bullhead City, AZ

  • Distance from Las Vegas: 98 miles 
  • Total Number of Airbnb Listings: 113
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $299,900
  • Airbnb Annual revenue: $51,650
  • Gross rental yield: 17.22%

Joshua Tree, CA

  • Distance from Las Vegas: 157 miles 
  • Total Number of Airbnb Listings: 469
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $459,000
  • Airbnb Annual revenue: $72,822
  • Gross rental yield: 15.87%

Source: Airbtics Dashboard

Conclusion

Las Vegas has many profitable areas that offer great investment opportunities to investors. While there are plenty of neighborhoods and nearby cities in Las Vegas that can bring attractive rental yields and annual revenue, it’s certainly important to analyze them carefully.

After discovering the best places to Airbnb in Las Vegas, Nevada, we encourage you to go further and check Airbtics’ Airbnb profit calculator. Take the next step and maximize your profitability now!

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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