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Over the past 10 years, vacation rental company Airbnb has grown from a small startup to a multi-billion dollar multi-property company that has disrupted both the vacation rental and hospitality industries. Airbnb has also changed the landscape for rental property investors. Hosts can earn significant profits by renting out their investment properties to members who use the online marketplace for vacations, business trips, or other accommodations.
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We were interested in finding out where Airbnb hosts can get the most bang for their buck and earn the most annually. Using data from AirDNA’s short-term rental analytics database, we’ve ranked the best cities to invest in property through Airbnb.
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Now that we’ve figured out where real estate investors can make the most money on Airbnb, let’s take a look at the cities where renters can find the best deals. To create our ranking of the best cities for renters, we looked at the average daily price in each city, as well as the percentage of “super hosts.” Airbnb Superhosts are hosts who go above and beyond to create the best possible experience for their tenants. You can be sure to find chocolate on your pillow (and maybe even an animal-shaped towel) at these Airbnbs.
We created this weighted ranking using a total score of 100 points, with 50 points for average daily rate and 50 points for percentage of superhosts. Finally, we looked at the cities where renters have the best and worst chances of having a pleasant experience, and ranked the cities with the most and least number of Superhosts.
We researched cities with populations of 150,000 or more to find the best cities for Airbnb investment properties. We collected Airbnb data using AirDNA’s short-term rental analysis. From there we had to calculate how much profit an investor could potentially get from a property in each city. Using data from AirDNA, we looked at the average daily rate and average monthly occupancy rate in each city to determine Airbnb’s monthly revenue. Using data from Zillow, we looked at the average home price in each city and estimated the monthly mortgage payment using Zillow’s Mortgage Calculator. This calculator is based on a 30-year fixed loan with 4.3% interest and 20% down payment. APR represents the potential amount an investor will earn after paying the annual mortgage payment. Please note that Superhost status on MarketMinder was removed in March 2019.
Click here to learn more about how a 1031 Exchange can help preserve your assets when selling and buying investment properties. Rising home prices and low home inventory point to a competitive home buyer market in 2022. One group of buyers may still be highly motivated and in a good position to purchase property: real estate investors.
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Whether you’re looking to buy your first investment property or planning to add another to your portfolio, we’ve analyzed and ranked the top 50 U.S. investment markets based on affordability, valuation, rental income, population growth and even proportion: tenants paying their rent on time ;
Based on Realtor.com® housing market and rental market data, here are the best places to buy rental properties in 2022:
Ranked #1 as the best place to invest, Columbus is one of the most populous and fastest growing cities in Ohio. With a lower cost of living, vibrant downtown neighborhoods and an economy boosted by Ohio State University, Columbus has attracted far-flung workers and transplants from more expensive areas, especially during the pandemic.
Columbus ranked 10 of the top 50 metropolitan areas for best investment valuation (No. 8) and best rental income growth (No. 6). Additionally, the data shows that 90% of tenants in Columbus paid their rent on time in 2021, ranking 8th for the highest rate of on-time rent payment.
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Greater Orlando is known for its tourist attractions (such as Walt Disney World and Universal Studios), but the metropolitan area attracts more than just visitors; Orlando.org reports that the region is accepting 1,000 new residents a week from slower-growing states. Additionally, more than half (55%) of residents rent their homes, according to Zumper.
Florida has below-average property taxes and no personal income tax, and the Greater Orlando area ranks second on our list for best investment value and 7th best rental income growth.
The Las Vegas-Henderson-Paradise desert offers a mild winter climate, an economy fueled by Strip tourism, and the most affordable housing market on our list of the 10 best places to invest, especially compared to nearby major cities like Los Angeles. Phoenix and San Diego.
Home prices here have risen to record highs during the pandemic, driven largely by cash buyers and out-of-state investors. Although the market is particularly competitive, many first-time buyers and non-investors have been forced to continue renting due to local competition, continued rental demand in the region.
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Raleigh is the second-fastest growing city of the 50 metro areas we analyzed due to explosive population growth over the past few years. Part of the “Research Triangle” (consisting of Raleigh, Durham, and Chapel Hill), the area is known for its universities, green spaces, food scene, and craft breweries, which help it attract and retain young and educated residents.
Raleigh is ranked No. 4 in the Wall Street Journal/Realtor.com® 2021 Emerging Housing Market Index for both investors and homeowners, with data showing that 92% of renters in Raleigh have paid their rent on time in 2021, and is the 4th highest. share of timely rent.
Located on Florida’s Gulf Coast, the Tampa Bay area offers coastal living and warm weather year-round. According to Redfin, real estate investors bought one in four homes in the Tampa metro area in the third quarter of 2021, and rents rose more than most metros in the country — Realtor.com® reported a 39 percent increase in rents in November: Year-round in the Tampa metro area, followed by Miami-Fort Lauderdale-West Palm Beach.
With below-average state property taxes and no personal income tax, the Tampa-St. St. Petersburg-Clearwater metro area ranked #1 for best investment valuation and #5 for best rental income growth.
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The Greater Austin metro area has seen significant population growth over the past decade, ranking #1 in all 50 cities and metropolitan areas we analyzed. Tech companies and transplants from California’s Silicon Valley have been famously moving to Austin for years, but the city’s growth has been fueled by movers from across the country.
Housing demand in Austin is strong, and rents rose more than any other tech hub in the country in September. Austin is one of the top destinations for talent migration, and according to Austin Chamber data from 2019, 66% of residents moved a year ago, making the area ideal for renting.
Another fast-growing region, metro Denver, has seen increases in population, cost of living and rental prices. Close to Rocky Mountain National Park and vibrant Denver neighborhoods, the area offers a mix of outdoor recreation and urban culture that attracts newcomers from across the United States.
According to RentCafe, 51% of Denver homes are rented, and the metropolitan area is #4 on our list for the best growth in rental income.
Step Guide To Airbnb Real Estate Investing
Population growth, job growth and affordability have fueled the metro Atlanta real estate market. While demand for housing in Metro Atlanta is high, supply is low, especially for single-family homes. In the city of Atlanta itself, Zumper reports that 50% of residents rent their homes, with Gen Z and millennials making up more than half of the city’s population.
According to Realtor.com®’s 2022 Housing Forecast, prices in the Atlanta metro area are expected to grow at an annual rate of 3.5%, slightly higher than the national average. Metro Atlanta ranked 6th for best investment valuation and 9th for best rental income growth.
Coming in at #9, Greater Boston is one of the most expensive areas on our list to buy and rent. With an economy driven by higher education (Boston College, Harvard and MIT are just a few of the area’s notable universities), healthcare and finance, Greater Boston is home to both students and wealthy professionals looking to rent.
Although the pandemic drove renters out of major cities (including Boston), data shows that many renters are returning to tech cities and rents are rising again. Boston rents rose 12.9% year-over-year, according to Realtor.com® November rental data, and the Greater Boston area ranked fourth for best rental income and second for best rental income growth.
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The Riverside-San Bernardino-Ontario metro area, called the “Inland Empire”, is a transportation and manufacturing hub. But its open spaces, proximity to mountains and more affordable housing options have attracted renters and