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Because of the huge payouts, short-term rentals are becoming a hot trend among property investors. A study shows that short-term leases generate up to 30% more profits than long-term leases.
If you’re looking to invest in an Airbnb, here are the top ten U.S. cities that rank highest based on housing costs, occupancy rate, nearby attractions, and amenities:
Located on the South Atlantic coast of South Carolina, Myrtle Beach is known for its golf courses, pristine beaches, shopping outlets, and seafood restaurants, making it a great place to purchase a vacation rental. Tourists can also enjoy a wide array of inexpensive activities, including boat tours, live band performances, and water sports.
Airbnb units near beaches tend to generate more income, especially during major events like the Myrtle Beach International Film Festival and the World Famous Blue Crab Festival.
While San Francisco real estate is more expensive than other cities on the list, its bustling nightlife, attractions, and rich culture ensure that your Airbnb is always booked. Also known as “The City by the Bay,” San Francisco boasts shopping districts and destinations like the Golden Gate Bridge, crooked Lombard Street, and Alcatraz Island. Tourists can also enjoy authentic Asian cuisine in Japantown and Chinatown.
Areas like North Beach, the Castro District, and SoMa are some of the best locations to purchase an Airbnb property.
Famous for being the capital of country music, Nashville is home to tourist hotspots such as the Ryman Auditorium, the Grand Ole Opry, and the Bluebird Cafe. Airbnb rentals are particularly in demand during the festival season, like the annual CMA Music Fest in June and the Nashville Film Festival in October. The city is also a famous destination for bachelorette parties, earning its name as the “Bachelorette Capital of the World.”
When looking for vacation homes, check out properties around Downtown Nashville where all the best music venues, restaurants, and bars are situated.
With 2,908 acres of skiable land, 11 magic carpets, and 187 trails, Breckenridge is popular among skiers and snowboarders of all levels. Tourists can also explore dozens of shopping boutiques, bars, and restaurants in Downtown Breckenridge. Other alpine activities like whitewater rafting and hiking are available year-round.
When searching for potential Airbnb properties, opt for a home with a hot tub where guests can wind down after a long day at the slopes.
Dubbed the “Live Music Capital of the World,” the city of Austin sees a year-round influx of tourists to its 250 music venues. It also hosts the SXSW (South by Southwest), one of the world’s biggest annual events that feature festivals, conferences, parallel film, interactive media, and music. Beyond that, visitors can also go bar-hopping on 6th street, where Austin’s best cocktail lounges, karaoke bars, speakeasies, and cowboy bars are located.
Tourists who prefer nature can indulge in Austin’s many outdoor attractions, such as the Hike-and-Bike Trail near Lady Bird Lake and the vantage point on Mount Bonnell.
When searching for a location for your Airbnb, check out Downtown Austin or trendy neighborhoods like Cherrywood and North University.
Boston is one of America’s oldest cities. Its cultural attractions like the Freedom Trail, USS Constitution, and Old North Church make it popular among history buffs. The city is especially busy in Spring when the Boston Marathon and the St. Patrick’s Day Parade take place. Beyond that, tourists also love to tour Harvard University or go whale-watching in Boston Harbor.
Boston has excellent public transportation, so property investors can set up an Airbnb just about anywhere.
With its stunning beaches and array of outdoor activities, Honolulu is an ideal place to own an Airbnb unit. Waikiki Beach, Magic Island, and Lanikai Beach attract vacationers from all over the world. Visitors can also enjoy recreational activities such as surfing, snorkeling, and hiking. Consider investing in a beach house if you plan to open an Airbnb in this location.
Washington, D.C. real estate comes with a hefty price tag, but the city gets tons of visitors all year round, making your investment worthwhile. Popular destinations include The White House, the United States Capitol, and the Lincoln Memorial—they attract tourists any time of the year.
When searching for Airbnb properties, consider condos or apartments in or around top neighborhoods like Capitol Hill or trendy areas like Logan Circle where the city’s best dining and shopping destinations are.
With over 200 courses, Phoenix is a popular destination for golfers, especially during the Waste Management Phoenix Open tournament. In March, tourists often rent Airbnbs to watch their favorite MLB teams at the Cactus League. Beyond hosting sports events, Phoenix is also known for hiking trails like the Sonoran Preserve and the Piestewa Peak.
Consider investing in guesthouses or condominiums with pools or shaded decks where travelers can cool down after a day of activities under the sun.
Miami’s stunning beaches, gorgeous climate, and bustling nightlife make it an ideal location for an Airbnb rental. Partygoers can enjoy the parties and dance clubs along South Beach, while families can go sightseeing at the Miami Seaquarium or South Pointe Park. Also, tourists can participate in events like Miami Beach Pride and the Ultra Music Festival.
Travelers often look for Airbnb rentals like condos, penthouses, and boathouses.
Make the most out of your real estate investment by partnering with a reputable syndication firm. Plus One Syndications helps you identify the best real estate opportunities and finds solutions to maximize your profits. We handle everything, from preparing the paperwork to securing financing.
Gain access to the best real estate deals today. Reach out to us at 206-278-4500 to learn more about our services.
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