When investing in short-term rental properties this year, you need the most reliable Airbnb data by city in 2022 to ensure that you are making the right decision.
Table of Contents
- Finding the Right Airbnb Data by City
- Where to Get the Most Reliable Airbnb Data by City in 2022
- Top 6 Airbnb Cities According to Mashvisor
- The Bottom Line
With city records and online Airbnb calculators, it’s quite easy to find the data you need. The tricky part is finding a reliable source. As a real estate investor, it is important to find an Airbnb analytics database with relevant Airbnb metrics that are up-to-date and accurate.
Depending on what your real estate investment goals are this 2022, you may take into consideration one metric more than the other. Now, the question is which metrics and data points to give importance and which ones can be a secondary consideration. In this post, we will guide you through the entire process of deciding on what metrics to use for your real estate investment.
Keep reading to find out which Airbnb metrics to look out for and where to find the most reliable Airbnb data by city this year.
Finding the Right Airbnb Data by City
If you’ve ever thought about how to invest in real estate, it’s pretty common that your first consideration would be location. However, after choosing a location, most people are quite lost on the next steps to take. When it comes to investing in a vacation rental, you will need to do more than choose the right location. You must also take into account other metrics to ensure that you will make a decent profit on the investment.
That’s where an Airbnb calculator comes in. Airbnb calculators are an excellent tool for any investor as they can provide an Airbnb analysis in just a matter of minutes. The tools will take into consideration multiple factors of any given state, city, and property type to give you an idea of its possible return on investment.
Key Airbnb Metrics to Consider
When choosing a calculator, it is important to choose one with metrics that can give you the best estimates. It helps you get an idea of how a potential property will perform in the real estate market. If you are unsure of which Airbnb calculator or dataset is best to use during your investment computations, consider looking at ones that include the following metrics:
1. Median Price of Properties
Before anything else, any investor looking into Airbnb data by city in 2022 should start with the median price of properties in the area. When looking to invest in an Airbnb property, investors should have a rough budget of how much they are willing to shell out for the investment. Having the median prices of properties in the city will quickly tell an investor if the location is even an option for their investment goals.
It is not to say that you won’t find properties outside of the median price range in a particular city. However, it is a good gauge on whether or not you should consider investing in that city. Buying an Airbnb for sale at a price outside your budget can ruin your bottom line and investment profits. Having the median price of a city will allow you to decide whether or not the risk of investment is worth it in that particular city.
2. Airbnb Income Potential
After finding an Airbnb for sale within your budget, you now need to consider how much it can potentially generate in income. Airbnb income potential refers to the amount of money your property can make in rent per month. While Airbnb rental income can differ and depend on different factors like the host, cleanliness, and reviews, any good database will give you a close estimate of how other Airbnb’s are performing in that city.
Airbnb income potential can be considered as the most important metric given by any database as it will determine how lucrative your investment will be. In most cases, the potential income of your Airbnb should be enough to cover all the expenses it costs to own and run the rental property. They include mortgage payments, taxes, HOA dues, utilities, and repair costs. If the potential income generated is less than the costs, you may not want to invest in that particular city.
3. Airbnb Cash on Cash Return
Another thing to look out for when looking at Airbnb data by city in 2022 is its cash on cash return rate. Cash on cash returns is measured by taking your yearly cash flow from Airbnb and dividing that by the amount of cash you invested into the property initially. This will give you an idea of how much cash you’ve earned on the cash you invested.
The cash on cash return is another metric that is important in any Airbnb business. The main goal is to generate a positive cash flow. If you are prioritizing a positive cash flow for your potential Airbnb property, you should look for cities with higher cash on cash return.
Additionally, looking into the cash on cash return rate will give you an idea of how much of your investment you will earn back in a certain year. Sign up and try Mashvisor’s cash on cash calculator to find out the potential cash flow of your Airbnb today.
4. Airbnb Cap Rate
Airbnb cap rate is calculated by taking the annual net operating income (NOI) of your rental property and dividing it by the estimated market value it holds. The calculation will show you the rate at which you should see a return on your initial investment. It can be used in Airbnb comps to see how your property performs against similar properties in the area. If you are trying to narrow down your choice of city to invest in, rental comps be an excellent way to compare and contrast which area will give you the most lucrative return.
Related: Where to Find Cap Rate for Residential Real Estate
5. Airbnb Daily Rate
While some analytics only consider monthly income when presenting Airbnb data by city in 2022, investors should also consider the potential daily rate the property could generate. While your property cannot be expected to be booked every day of every month, coming up with a daily rate estimate is a good indicator of how much you can earn when the property is occupied.
The higher the daily rate, the better. It means that you will be able to get a decent return even if your property isn’t booked constantly.
6. Airbnb Occupancy Rate
Another important metric when looking at Airbnb data by city in 2022 is the average Airbnb occupancy rate. The occupancy rate is quite important for an Airbnb investor as your property won’t generate any type of income if not occupied.
The higher the occupancy rate, the more potential income your property will generate. Without the metric, the potential daily rate or income becomes relatively moot as no one will be paying the daily or monthly rates.
7. Walk Score
While not telling of your property’s performance in the Airbnb real estate market, a good walk score can contribute to its success. With most tourists, visitors, and travelers coming in from out of town, the last thing they want is to be far from all of the city’s major attractions. A database that includes calculations for the city’s walk score is an added bonus that can help you decide how tourist friends and Airbnb-friendly the city actually is.
Where to Get the Most Reliable Airbnb Data by City in 2022
Now that you are aware of what to look out for in terms of metrics for Airbnb investments, it’s time to find a database and analytics company that has them all. To get the most reliable Airbnb data by city in 2022, you want to use the best database sets in the industry.
That is why you should use Mashvisor’s investment tools and Airbnb Calculator. Providing all the necessary data points mentioned above plus more, Mashvisor pulls data from the MLS and the Airbnb website itself to give you accurate and up-to-date statistics on any potential investment.
From picking a city to narrowing down an exact neighborhood and estimating a property’s performance, Mashvisor’s can help you throughout your Airbnb investment journey from start to finish. Here are just some of Mashvisor’s key dataset features that make Airbnb investments as easy as can be:
1. Heatmap
Using Mashvisor’s heatmap, investors can easily find cities with a thriving Airbnb market. By looking at the map, you can instantly see where Airbnb may be more lucrative compared to traditional rentals, thanks to the color-coded map and provided data.
Taking it a step further, Mashvisor can actually help you pinpoint which neighborhood in an already thriving Airbnb city would be the best place to buy an investment property. By clicking on specific properties or going through the property finder, you can have a get breakdown of the metrics in a matter of minutes.
Investors can use Mashvisor’s Heatmap tool to find and compare profitable Airbnb rentals.
2. Airbnb Calculator
After you’ve decided on a few properties, Mashvisor will calculate and show you the breakdown of its possible performance in the real estate market as an Airbnb. While it will definitely include the aforementioned metrics like potential monthly income, daily rate, occupancy rate, and walk score, Mashvisor can also show you an estimate of your possible mortgage costs, HOA dues, and repair expenses. All you need to do is find a potential investment property and Mashvisor will do all the computations for you.
3. Airbnb Comps
Before committing to any investment, any savvy real estate investor will look into multiple properties to ensure that they are choosing the right one. With Mashvisor’s Airbnb comps features, you can easily compare and contrast the different options you are looking at as a possible investment.
With all the necessary data points, whether it be by city, neighborhood, or property type, you can see the pros and cons of each property side by side. With a downloadable Excel file of the comps, investors can take the time to really analyze which property offers them the best opportunity to meet their investment goals this 2022.
Related: What’s the Best Airbnb Data Analytics Platform?
Top 6 Airbnb Cities According to Mashvisor
Depending on your short-term rental strategy, you may be looking at different metrics. Based on our database, these are the best places to invest in Airbnb this 2022 according to rental income, cash on cash return, and cap rate:
Monthly Rental Income
Below are the two cities with the highest monthly rental income, according to Mashvisor data:
1. La Canada Flintridge, CA
- Median Property Price: $2,418,000
- Monthly Airbnb Rental Income: $15,250
- Airbnb Cash on Cash Return: 11%
- Airbnb Cap Rate: 13%
- Airbnb Daily Rate: $310
- Airbnb Occupancy Rate: 63%
- Walk Score: 71
2. Santa Ynez, CA
- Median Property Price: $2,662,800
- Monthly Airbnb Rental Income: $14,802
- Airbnb Cash on Cash Return: 4.31%
- Airbnb Cap Rate: 4.33%
- Airbnb Daily Rate: $591
- Airbnb Occupancy Rate: 62%
- Walk Score: 66
Cash on Cash Return
See the two cities that recorded the best cash on cash return:
1. Jennings, LA
- Median Property Price: $255,081
- Monthly Airbnb Rental Income: $3,363
- Airbnb Cash on Cash Return: 62%
- Airbnb Cap Rate: 95%
- Airbnb Daily Rate: $80
- Airbnb Occupancy Rate: 55%
- Walk Score: 63
2. Marmora, NJ
- Median Property Price: $468,138
- Monthly Airbnb Rental Income: $6,408
- Airbnb Cash on Cash Return: 39%
- Airbnb Cap Rate: 55%
- Airbnb Daily Rate: $235
- Airbnb Occupancy Rate: 64%
- Walk Score: 48
Related: What Is a Good Cash on Cash Return?
Cap Rate
In terms of cap rate, here are two of the top-performing cities:
1. Dunmore, PA
- Median Property Price: $197,300
- Monthly Airbnb Rental Income: $2,404
- Airbnb Cash on Cash Return: 28%
- Airbnb Cap Rate: 74%
- Airbnb Daily Rate: $162
- Airbnb Occupancy Rate: 65%
- Walk Score: 79
2. Wolverine Lake, MI
- Median Property Price: $581,367
- Monthly Airbnb Rental Income: $4,142
- Airbnb Cash on Cash Return: 89%
- Airbnb Cap Rate: 12%
- Airbnb Daily Rate: $122
- Airbnb Occupancy Rate: 65%
- Walk Score: 2
The Bottom Line
Having accurate and reliable Airbnb Data by city in 2022 is crucial for any investor wanting to make a lucrative real estate investment. From the median price of properties for sale to the occupancy rate of surrounding Airbnb’s, taking into consideration multiple factors can help guide you to making the best investment with high returns on investments. That is why investors should use Mashvisor’s real estate investment tools and Airbnb calculator to get the most reliable data and estimates on their potential investment properties.
With reliable sources like the MLS and Airbnb itself, investors can rest easy knowing that their investment is backed by up-to-date data from Mashvisor. Sign up for a 7-day free trial of Mashvisor, followed by a 15% discount on your quarterly or annual subscription.
