Why Should You Consider Buying An Airbnb in Destin?

Some of the attractive features that Destin has to offer include sandy beaches with crystal-clear waters, different outdoor and watersport activities such as surf and water skiing as well as exquisite dishes!  Here are some of the major reasons why you should consider buying a property for Airbnb in Destin:

1. A top tourist destination!

It’s a given fact that Destin is one of the best destinations thanks to its beautiful beaches, seasonal festivals, and a scenic harbor boardwalk filled with shops, bars and restaurants, and the best part of it is that they are very accessible. According to Florida DEP, the city welcomes an estimated amount of 4.5M visitors annually!

2. Low crime rate

It is certainly important to know whether a city is safe or not before deciding on investing in it. If you are targeting Destin, then you will be glad to know that it is a safe city, the crime rate as well as property crime are 62% lower than the national average according to AreaVibes.  

3. Property taxes 

The homeowners in Destin have the advantage of having low property taxes while living in one of the most popular cities in Florida. The average property tax rate in Okaloosa County is 0.68%, making this city really attractive when it comes to buying a house. 

What are the cons of buying an Airbnb property in Destin?

Now that we know the advantages of investing in Destin, let’s move on and take a quick look at the cons. It’s always better to look at the two sides of each coin in order to properly set your expectations!

1. Expensive real estate market 

If you’re looking for an affordable house market, then maybe you should think twice about Destin because its average property value is higher than the national average. According to Zillow Index, the median housing price here is more than $663K and is trending up 19.2% year-over-year.

2. High cost of living

Investors should also consider the cost of living when looking for an appropriate location to set up an Airbnb listing. Unfortunately, aside from having a pricey housing market, Destin’s cost of living is also high since this is 13% higher than the national average and 14% more expensive than other cities in the state.

Best Neighborhoods for Airbnb in Destin

Let’s take a closer look at the important Airbnb key metrics to discover which is the most profitable neighborhood in Destin. Filtered for a 1-bedroom apartment, here is a brief overview of some of the most recommended and profitable neighborhoods:

Why Invest a Property in Cambridge?

In Cambridge, locals and visitors alike can enjoy different leisure activities, such as outstanding museums, a lively arts scene and top-notch restaurants, but what else is there to know? Here are some of the major reasons why you should consider buying a property for Airbnb in Cambridge:

1. Great location!

Cambridge is part of the Boston Metropolitan area, and thanks to this, it enjoys a privileged location as it’s close to many attractions as well as other cities in the State. It’s just 1.60km away from Somerville and 4.83km from Boston!

2. Booming job market

Cambridge has a stable economy thanks to its major industries and a diversified job market that include sectors like education, healthcare, software technology, etc, this greatly attracts senior and young professionals alike to the city. The unemployment rate here is 2.5% which is lower than the national average of 3.5%.

3. Low crime rate

It is always important to know whether a city is safe or not before taking a huge step so that investors can ideate countermeasures for it. The great news here is that Cambridge is quite a safe city, the crime rate as well as the property crime are below the national average according to AreaVibes.  

Expectations When Buying A Property in Cambridge

Aside from the pros of investing in a property in Cambridge, let’s discuss some of the cons so you can know what to expect when living in this fascinating city. It’s always better to look at the two sides of each coin in order to properly set your expectations!

1. High property taxes

Unfortunately, the average effective tax rate in Middlesex County is higher than the national average of 0.99%, this being 1.24%. In general, homeowners in Massachusetts pay one of the largest annual property tax bills compared to other States according to SmartAsset.

2. Housing market in Cambridge: quite unaffordable

Looking for an affordable house may be difficult in Cambridge as the values are 61% higher compared to the majority of the cities in Massachusetts. Based on Zillow Index, the average property price here is more than $951K and is trending up 4.7% compared to last year.

Best Neighborhoods for Airbnb in Cambridge

Let’s take a closer look at the important Airbnb key metrics to discover which is the most profitable neighborhood in Cambridge. Filtered for a 1-bedroom apartment, here is a brief overview of some of the most recommended and profitable neighborhoods:

Top reasons for buying an Airbnb Property in Cape Coral

It’s a given fact that Cape Coral is a magnificent destination in Florida that offers fascinating views of the Gulf of Mexico as well as exciting recreational activities. However, there’s more to learn as to why we recommend purchasing a property in this city. Here are some of the major reasons why you should consider buying a property for Airbnb in Cape Coral:

1. Strong real estate market

The real estate market in Cape Coral is something that certainly will catch investors’ attention as it offers different types of profitable properties and is also steadily growing. Currently, the median property price in Cape Coral is $449K with a change of 19.9% compared to last year.

2. Booming tourist destination 

Cape Coral is a popular destination spot in Florida that has many attractive features such as great Gulf Coast beaches, lively festivals, golf courses and recreational activities for families! So, if you’re interested in tourist accommodations, Cape Coral is a great and wise choice! 

3. Cape Coral is a safe community

Safety is always something that concerns investors when looking for a place to invest, but luckily, Cape Coral has a low crime rate! According to AreaVibes, it is 49% lower compared to the national average as well as 44% lesser than other cities in the State.

What are the cons of buying an Airbnb property in Cape Coral?

Now that we know the pros of investing in Cape Coral, let’s take a quick look at some of the cons. It’s always better to look at the two sides of each coin in order to properly set your expectations!

1. Flooding risks

While Cape Coral weather can be pleasant most of the year, it also gets pretty extreme at times. This city is prone to severe storms, flooding risk as well as hurricanes. The good news here is that the government takes precautions for this kind of situation such as alerting the residents before a severe storm happens and even a map of the flood-affected regions.

Best Neighborhoods for Airbnb in Cape Coral

Let’s take a closer look at the important Airbnb key metrics to discover which is the most profitable neighborhood in Cape Coral. Filtered for a 1-bedroom apartment, here is a brief overview of some of the most recommended and profitable neighborhoods:

Pros of buying an Airbnb Property in Boston

Boston is a city with a lot of history and serves as a destination for art, culture and much more! The best is that you will never run out of things to do here. However, there’s more to learn as to why we recommend purchasing a property in this city. Here are some of the major reasons why you should consider buying a property for Airbnb in Boston:

1. Boston’s economic stability

Boston is one of the fastest-growing cities in the USA as well as the economic and political heart of Massachusetts. The city enjoys a strong economy with a booming job market where its main activities are concentrated in the education, healthcare and technology sectors. 

2. Bustling tourist destination!

It’s a given fact that Boston can easily catch people’s attention with its fascinating history and eye-catching architecture! Thanks to this it is considered a top historical destination on the East Coast, so you can expect the arrival of many visitors throughout the year here. In addition to this, the city also enjoys a great location as it’s close to other destinations like Salem, Caped Cod and even to the mountains of New Hampshire!

3. Home to renowned institutes of higher education

This city is a leader when it comes to higher education institutes since it’s home to prestigious institutes like Boston University, Harvard and many others that attract many students that are interested in studying here. Hence, this surely will catch the attention of investors who are interested in the student real estate market!

What to Expect When Purchasing a Property in Boston?

Now that we know the pros of investing in Boston, let’s take a quick look at some of the cons. It’s always better to look at the two sides of each coin in order to properly set your expectations!

1. High cost of living

While Boston’s economic and tourism sectors are quite attractive, it also has some downsides as the cost of living here is pretty high, 46% higher than the national average and 12% more than other cities in Massachusetts. In addition to that, the housing market prices are also higher than the national average, being this $942K.

2. Property Taxes are high

Located in Middlesex County, you should be aware that the average effective tax rate here is 1.24%, which is higher than the national average of 0.99%. Unfortunately, overall in Massachusetts, homeowners face one of the largest annual property tax bills in the country according to SmartAsset.

3. Be ready to face the terrible traffic!

As a lively and bustling city, you can already guess that the traffic in Boston can end up being a nightmare. In fact, Boston occupies the 4th place as one of the cities with the highest traffic delay time, here, drivers lose around 134hrs in congestion per year. Aside from this, you can also expect that it’s really difficult to find a parking spot available here.

Best Neighborhoods for Airbnb in Boston

Let’s take a closer look at the important Airbnb key metrics to discover which is the most profitable neighborhood in Boston. Filtered for a 1-bedroom apartment, here is a brief overview of some of the most recommended and profitable neighborhoods:

Pros of buying an Airbnb Property in Big Bear Lake

Looking for exotics landscapes and a life full of adventures in the heart of the San Bernardino Mountains? Then Big Bear Lake is the perfect place to invest in! This idyllic city is ideal for the outdoor enthusiast as they can get a first-hand experience of exciting activities such as hiking, skiing, fishing and more. However, there’s more to learn as to why we recommend purchasing a property in this city. Here are some of the major reasons why you should consider buying a property for Airbnb in Big Bear Lake:

1. Popular tourist destination

Big Bear Lake is a renowned vocational destination that draws travelers that are looking to have a first-hand experience of the majestic San Bernardino National Forest. In fact, the city attracts around  756K tourists annually! This surely sounds attractive to investors who want to cater to tourist accommodations.

2. Low crime rate

Safety is a major factor when it comes to determining where to invest and the good news is that, indeed, Big Bear Lake is a safe place as its crime rate is 17% lower than other cities in California and 9% lowered compared to the national average!

3. Property taxes

Another great aspect of Big Bear Lake is that the property taxes are lower compared to other popular cities located in surrounding counties. Being located in San Bernardino county, Big Bear Lake’s average property tax rate is 0.90%, which is slightly lower than the national average.

Cons of purchasing a property in Big Bear Lake

Now that we know the pros of investing in Big Bear Lake, let’s take a quick look at some of the cons. It’s always better to look at the two sides of each coin in order to properly set your expectations!

1. Beware of the wildlife

Did you know that Big Bear Lake was named after the large number of grizzly bears that roamed the area at some point? They are beautiful animals but encountering one can be scary. Other types of wildlife living in the surrounding areas are squirrels, rabbits, coyotes, mountain lions and rattlesnakes. So with that in mind, people in Big Bear Lake city should ways be aware of their surroundings and learn some safety protocols just in case.

2. The real estate market 

As a fairly popular tourist destination, while the renters market looks good thanks to this, you will also need to have in mind that the real estate market can be higher than in other cities. In Big Bear Lake, the average property price is $660k with a 1-year value change of 3.1%.

3. High cost of living 

The cost of living is also something investors should consider when looking for an appropriate location to set up an Airbnb listing. This aspect is another downside in Big Bear Lake as it can be quite expensive since this is 29% higher than the national average based on Areavibes data.

Best Neighborhoods for Airbnb in Big Bear Lake

Let’s take a closer look at the important Airbnb key metrics to discover which is the most profitable neighborhood in Big Bear Lake. Filtered for a 1-bedroom apartment, here is a brief overview of some of the most recommended and profitable neighborhoods:

Why Should You Consider Buying An Airbnb in Baltimore?

Some of the attractive features that Baltimore, the “Charm City”, has to offer include streets full of culture and fun where both locals and visitors can admire its music and arts scene, fascinating sports events and vibrant nightlife!  Aside from the fact that Baltimore is one of the most affordable cities on the East Coast, it’s certainly perfect for a property investor who wants to enjoy these rewards while earning a passive income through Airbnb. Not yet convinced? Here are some of the major reasons why you should consider buying a property for Airbnb in Baltimore:

1. Highly affordable market

Real estate affordability is one of the major determining factors when choosing a location to invest in a property. The great news is that Baltimore’s housing values are fairly lower than other cities in Maryland. Based on Zillow Index, the average property price here is $209K, trending up 9.4% year-over-year.

2. Popular tourist destination

It’s a given fact that Baltimore is a vibrant city located on the East Coast that has a rich history, iconic restaurants, shops and great attractions where you will never get bored. Of course, travelers love the city’s environment, in fact, only in 2021, it welcomed around 24M visitors according to Visit Baltimore portal.

3. Low risk of natural disasters

Property investors will usually worry about one thing: Are natural disasters likely to occur in the area and destroy my property? Property investment does not only require effort and money but also precious time. The good news is that in Baltimore, there is a low risk of natural disasters such as hurricanes, wildfires and earthquakes as confirmed by Dwellics. 

What are the cons of buying an Airbnb property in Baltimore?

Now that we know the advantages of investing in Baltimore, let’s move on and take a quick look at the cons. It’s always better to look at the two sides of each coin in order to properly set your expectations!

1. Highest taxes in the State

Baltimore is a politically independent city, for this reason, income taxes are higher compared to other cities in the county. On top of that, property taxes are one of the highest in Maryland, being an average of 0.98%. 

2. The crime rate can be alarming

One of the biggest downsides of Baltimore is that it experiences high levels of crime rate, which is 62.41 crimes per 1,000 residents. Safety can be a great concern in this city, so it’s better to avoid bad neighborhoods like Berea Area, Cherry Hill and those located around West Baltimore.

Best Neighborhoods for Airbnb in Baltimore

Let’s take a closer look at the important Airbnb key metrics to discover which is the most profitable neighborhood in Baltimore. Filtered for a 1-bedroom apartment, here is a brief overview of some of the most recommended and profitable neighborhoods:

Why Invest in a Property in Albuquerque?

It’s a given fact that Albuquerque is a charming city where you can enjoy different experiences like an exciting tour of Watermelon Mountain, exploring interesting places in the Old Town or getting the best views while taking a flight in a hot-air balloon, but what else is there to know? Here are some of the major reasons why you should consider buying a property for Airbnb in Albuquerque:

1. Affordable real estate market

Albuquerque’s housing market will surely catch investors’ attention as it’s relatively cheaper than other cities in the State and 13% lower than the national average. Here, investors can find a wide range of property types, whether they prefer to own a studio, a condo or a multi-family property, there will certainly be something for them. Based on Zillow Index, the median house value in Albuquerque is $318K with a one-year value change of 12.7%.

2. Property taxes are low

Aside from its affordable housing market, Albuquerque homeowners also enjoy the advantage of having low property taxes while living in the largest city in New Mexico. The property tax rate here is 1.8%, making this city really attractive when it comes to buying a house. 

3. Unique culture with a rich diversity

Albuquerque is known for its wide cultural diversity and warm hospitality towards newcomers. Its welcoming atmosphere, the great food scene as well as its many exciting outdoor activities like camping, hiking or fishing draws lots of travelers to this place. In fact, when it comes to tourism, Albuquerque welcomes around 2M visitors annually.

Expectations When Buying A Property in Albuquerque

Aside from the pros of investing in a property in Albuquerque, let’s discuss some of the cons so you can know what to expect when living in this fascinating city. It’s always better to look at the two sides of each coin in order to properly set your expectations!

1. High crime rate

Safety is certainly a major aspect to consider when looking for a place to invest in. Unfortunately, Albuquerque doesn’t have the best reputation when it comes to the crime rate since the chance of becoming a victim here is 1 in 17. Neighborhoods like the North Valley, Los Ranchos, Corrales, and other northeast areas are usually safer. In addition to this, it will also be a good idea to consider looking for a reliable home security system.

Best Neighborhoods for Airbnb in Albuquerque

Let’s take a closer look at the important Airbnb key metrics to discover which is the most profitable neighborhood in Albuquerque. Filtered for a 1-bedroom apartment, here is a brief overview of some of the most recommended and profitable neighborhoods:

Top reasons for buying an Airbnb Property in Queens

There is a lot to see in New York, but it’s still a must to visit the lively boroughs of Queens that offer a variety of eye-catching attractions like the Museum of the Moving Image, Flushing Meadows Corona Park, the New York Hall of Science and many others! However, there’s more to learn as to why we recommend purchasing a property in this city. Here are some of the major reasons why you should consider buying a property for Airbnb in Queens:

1. Attractive housing market 

The real estate market in Queens is something that certainly will catch investors’ attention as it offers many profitable properties. In addition to this, it also offers many housing options at a more affordable cost compared to Manhattan or Brooklyn. The median property price in Queens is $599K, trending up 1.7% year-over-year.

2. A hub for job opportunities

Queens’ job market is steadily growing, thus many professionals are drawn to this borough while looking for new opportunities! There are many positions available in different industries here. Moreover, it’s easy to commute to the other boroughs, since the transportation system is excellent.  

3. Low crime rate

Among the 5 boroughs located in the metropolis of New York, Queens is the second city with the lowest crime rate here, just behind Staten Island. The crime rate here is 50% lower compared to the other boroughs since the NYPD patrols de area a lot, plus, there are also many CCTV installed on many corners of the city.

What are the cons of buying an Airbnb property in Queens?

Now that we know the pros of investing in Queens, let’s take a quick look at some of the cons. It’s always better to look at the two sides of each coin in order to properly set your expectations!

1. High cost of living

The cost of living is also an important factor to consider when choosing a location to invest in. The downside of Queens is its cost of living since this is 50% higher than the national average.

Pros of buying an Airbnb Property in Pittsburgh

Pittsburgh is home to many historical, cultural and natural attractions. Undoubtedly, it’s a city where both locals and visitors can have exciting experiences while also getting the most stunning views that this picturesque metropolis offers. However, there’s more to learn as to why we recommend purchasing a property in this city. Here are some of the major reasons why you should consider buying a property for Airbnb in Pittsburgh:

1. A great real estate market for investors

The housing market is one of the prime factors to consider when looking for a location to invest in. If you’re targeting Pittsburgh, then you should know that this city offers many great houses at a reasonable price! According to Zillow Index, the average property value in this city is $227 with a one-year value change of 2.0%.

2. Low cost of living

The quality of life in Pittsburgh is great when you consider that it has a lower cost of living compared to other cities in Pennsylvania as it’s 7% less expensive. It’s a plus to know that the job market is steadily growing and you can have access to high-end amenities, a good education system as well as health care.  

3. Attractive market for renters

Being home to big companies, startups and the best education institutions, Pittsburgh draws many students and professionals to the city, hence, the demand for rental properties is huge! As if this were not enough, Pittsburgh also welcomes a great number of visitors annually as nearly 13M travelers arrived in this city annually!

What to Expect When Purchasing a Property in Pittsburgh?

Now that we know the pros of investing in Pittsburgh, let’s take a quick look at some of the cons. It’s always better to look at the two sides of each coin in order to properly set your expectations!

1. High crime rate

Unfortunately, one of the biggest downsides in Pittsburgh is the high crime rate. If we delve deeper into this matter, we will find out that the crime rate here is 53% higher than the national average and 77% higher compared to other cities in the State. When it comes to property crime, the chance of becoming a victim is one in 33 based on NeighborhoodScout data.

2. Traffic can be a headache

Getting stuck in traffic can be a real headache and those who drive throughout the streets of Pittsburgh certainly know this. Traffic congestion is a problem, especially during rush hours, so prepare yourself if you’re planning to go on a drive in this city. According to INRIX Traffic Scorecard Report, drivers lose an average of 34 hours each year to traffic congestion alone.

Best Neighborhoods for Airbnb in Pittsburgh

Let’s take a closer look at the important Airbnb key metrics to discover which is the most profitable neighborhood in Pittsburgh. Filtered for a 1-bedroom apartment, here is a brief overview of some of the most recommended and profitable neighborhoods: