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Where to invest in Miami in 2023?

Last updated on August 17th, 2023

Where to invest in Miami? This article answers it with a bonus of WHEN is the time of the year to make the most out of your property!

Where to invest in Miami in 2023?

where to invest in miami

Where to invest in Miami in 2023?

Where to invest in Miami? This article answers it with a bonus of WHEN is the time of the year to make the most out of your property!

If you’d like to know where to invest in Florida, why not consider investing in Miami? The city is known for its sunny weather and beach coasts that have been the set of blockbuster Hollywood movies. But is investing in Miami worth it? Short-term rental data analytics can definitely answer this. 

You’ll learn the city’s best neighborhoods for Airbnb so you can bask in Miami heat knowing that you’ve made the right investment choice. Continue reading this blog to know more. 

Is Miami a good place to buy a rental property?

Of course! Based on Airbtics Dashboard, Miami has 5,059 Airbnb listings with an average annual revenue of $27,972 and a 41% occupancy rate. Hosts owning three-bedroom properties can earn $38,880 yearly with a 34% occupancy rate. You’ll get this data by using Airbtics’ Advanced Filters.

You can also rest assured that your rental property is in a good economy–the best one in Florida. Miami also boasts a meager unemployment rate of 1.9%.

Where to Invest in Miami
Where to invest in Miami?

On the same page, you can see that the Miami Airbnb market has a low seasonality of 30%. This means that the short-term rental demand in the city is relatively stable, instead of experiencing fluctuations during peak and low seasons throughout the year.

Where to invest in Miami? Best Neighborhoods

Where to Invest in Miami for a Successful Airbnb?

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

airbtics-logo-300x87
Location Number of Airbnb Listings Best Number of Bedrooms Median Property Price Airbnb Annual Revenue GRY
Wynwood 314 4 Bedrooms $1,357,500 $184,937 13.62%
Little Haiti 128 5 Bedrooms $924,500 $153,047 16.55%
Brickell 165 1 Bedroom $600,000 $73,555 12.26%
Edgewater 247 Studio Unit $340,000 $35,015 10.30%
Coconut Grove 414 Studio Unit $255,000 $31,165 12.22%
Downtown 1,518 Studio Unit $444,500 $31,112 7%

Airbnb Location

Airbnb Dataset

  • Total Number of Airbnb Listings: 314
  • Best Number of Bedrooms: 4 bedrooms
  • Median Property Price: $1,357,500
  • Airbnb Annual revenue: $184,937
  • Gross Rental Yield: 13.62%
  • Total Number of Airbnb Listings: 128
  • Best Number of Bedrooms: 5 bedrooms
  • Median Property Price: $924,500
  • Airbnb Annual revenue: $153,047
  • Gross Rental Yield: 16.55%
  • Total Number of Airbnb Listings: 165
  • Best Number of Bedrooms: 1 Bedroom
  • Median Property Price: $600,000
  • Airbnb Annual revenue: $73,555
  • Gross Rental Yield: 12.26%
  • Total Number of Airbnb Listings: 265
  • Best Number of Bedrooms: Studio Unit
  • Median Property Price: $340,000
  • Airbnb Annual revenue: $35,015
  • Gross Rental Yield: 10.30%
  • Total Number of Airbnb Listings: 414
  • Best Number of Bedrooms: Studio Unit
  • Median Property Price: $255,000
  • Airbnb Annual revenue: $31,165
  • Gross Rental Yield: 12.22%
  • Total Number of Airbnb Listings: 1,518
  • Best Number of Bedrooms: Studio Unit
  • Median Property Price: $444,500
  • Airbnb Annual revenue: $31,112
  • Gross Rental Yield: 7%

Source: Airbtics Dashboard

Best Miami Airbnb Investment Found the Smart Way

Short-term rental data analytics has just led investors to their potential Airbnb markets in Miami by providing the most useful insights that will guide them toward financial freedom. Airbtics has shown us where to invest in Miami along with key Airbnb metrics such as revenue potential, best property size, and total number of short-term rental listings. 

Wanna know the profitability of your dream investment property in other profitable US rental markets?? Why not check out free Airbnb profit estimator and see if it will fulfill your dreams!

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