Without a doubt, Airbnb income is known to be higher than earnings from traditional rentals.
More people are drawn to this strategy because of its expanding market, quick returns, and relative ease in managing the rental property.
Is It Wise to Invest in Airbnb Rental in 2022?
When the COVID-19 pandemic broke in 2020, tourism was among the hardest-hit sectors. With this industry at a standstill, the Airbnb business dipped tremendously. However, when travel restrictions eased a bit, Airbnb demand bounced back quick enough, seeing a surge in bookings within the third quarter of 2021. Furthermore, Airbnb data shows an average Airbnb host income of $9,000 per year by the end of 2021 in the US, inching its way to 2019’s Airbnb average income of $10,000 to $12,000 per year.
With 2022 real estate market forecasts pointing to a rosier year for Airbnb, both first-time and experienced investors are hoping to grow their wealth through their Airbnb rental strategy.
If you are interested in earning Airbnb income this year, you would want to know where to buy a short-term rental property and ensure that it will give you your desired Airbnb income and Airbnb cap rate.
So, we have put together a list of 75 Airbnb friendly cities across the US to narrow down the choices of your property’s location.
How Reliable Is the List?
Seasoned investors owe much of their success to reliable data that guide their real estate investment decisions. As a leading real estate data analytics provider, Mashvisor commits to providing comprehensive and accurate information to real estate investors so they can make informed, profitable investment decisions.
We source our real estate data from reputable sources, including Airbnb, MLS, Realtor.com, Zillow, and other public records. The data we collect is processed through our tested algorithms to produce a comprehensive market analysis.
The list is just the beginning. You will also find here a guide on how to do a short-term rental analysis to maximize your Airbnb income potential.
What Are the Best Places for Airbnb Income in 2022?
Our list of the top 75 cities to earn Airbnb income 2022 is divided into four categories based on Airbnb monthly rental income. We included information on each city’s Airbnb occupancy rate, Airbnb cash on cash return, and the median property price.
Each category lists the cities in ascending order of the monthly Airbnb income. The cities listed include cash on cash (CoC) return of at least 5.70%. The list is a mix of buyer’s and seller’s markets to provide information for investors with varying risk appetites.
Here’s our list of 75 top cities for Airbnb income 2022.
Related: How to Find the Best Area for Airbnb Investment
Best US Cities With Airbnb Rental Income $2,000–$3,000
1. Dayton, OH
- Airbnb Rental Income: $2,001
- Airbnb Daily Rate: $125
- Airbnb Occupancy Rate: 63%
- Airbnb CoC Return: 5.78%
- Median Property Price: $212,076
- Property Price per Square Foot: $124
- Days on Market: 64
2. Fargo, ND
- Airbnb Rental Income: $2,163
- Airbnb Daily Rate: $117
- Airbnb Occupancy Rate: 68%
- Airbnb CoC Return: 5.82%
- Median Property Price: $209,866
- Property Price per Square Foot: $114
- Days on Market: 50
3. Springfield, MO
- Airbnb Rental Income: $2,360
- Airbnb Daily Rate: $124
- Airbnb Occupancy Rate: 68%
- Airbnb CoC Return: 6.40%
- Median Property Price: $297,546
- Property Price per Square Foot: $131
- Days on Market: 51
4. Des Moines, IA
- Airbnb Rental Income: $2,410
- Airbnb Daily Rate: $108
- Airbnb Occupancy Rate: 73%
- Airbnb CoC Return: 6.26%
- Median Property Price: $211,849
- Property Price per Square Foot: $175
- Days on Market: 70
5. Fort Wayne, IN
- Airbnb Rental Income: $2,487
- Airbnb Daily Rate: $99
- Airbnb Occupancy Rate: 70%
- Airbnb CoC Return: 6.20%
- Median Property Price: $290,173
- Property Price per Square Foot: $147
- Days on Market: 75
6. Hampton, VA
- Airbnb Rental Income: $2,513
- Airbnb Daily Rate: $195
- Airbnb Occupancy Rate: 57%
- Airbnb CoC Return: 6.06%
- Median Property Price: $250,513
- Property Price per Square Foot: $162
- Days on Market: 50
7. Evansville, IN
- Airbnb Rental Income: $2,531
- Airbnb Daily Rate: $101
- Airbnb Occupancy Rate: 67%
- Airbnb CoC Return: 6.22%
- Median Property Price: $253,395
- Property Price per Square Foot: $131
- Days on Market: 75
8. Geneva, OH
- Airbnb Rental Income: $2,533
- Airbnb Daily Rate: $228
- Airbnb Occupancy Rate: 48%
- Airbnb CoC Return: 7.38%
- Median Property Price: $181,596
- Property Price per Square Foot: $134
- Days on Market: 269
9. Branson, MO
- Airbnb Rental Income: $2,564
- Airbnb Daily Rate: $170
- Airbnb Occupancy Rate: 50%
- Airbnb CoC Return: 5.90%
- Median Property Price: $297,826
- Property Price per Square Foot: $203
- Days on Market: 70
10. Niagara Falls, NY
- Airbnb Rental Income: $2,585
- Airbnb Daily Rate: $155
- Airbnb Occupancy Rate: 59%
- Airbnb CoC Return: 7.02%
- Median Property Price: $190,578
- Property Price per Square Foot: $121
- Days on Market: 179
11. Jacksonville, NC
- Airbnb Rental Income: $2,592
- Airbnb Daily Rate: $113
- Airbnb Occupancy Rate: 61%
- Airbnb CoC Return: 6.13%
- Median Property Price: $260,027
- Property Price per Square Foot: $129
- Days on Market: 107
12. Johnson City, TN
- Airbnb Rental Income: $2,626
- Airbnb Daily Rate: $138
- Airbnb Occupancy Rate: 64%
- Airbnb CoC Return: 6.02%
- Median Property Price: $324, 741
- Property Price per Square Foot: $141
- Days on Market: 75
13. Oklahoma City, OK
- Airbnb Rental Income: $2,644
- Airbnb Daily Rate: $96
- Airbnb Occupancy Rate: 72%
- Airbnb CoC Return: 5.81%
- Median Property Price: $315,525
- Property Price per Square Foot: $155
- Days on Market: 65
14. Abilene, TX
- Airbnb Rental Income: $2,822
- Airbnb Daily Rate: $179
- Airbnb Occupancy Rate: 55%
- Airbnb CoC Return: 5.97%
- Median Property Price: $291,176
- Property Price per Square Foot: $143
- Days on Market: 30
15. Gulfport, MS
- Airbnb Rental Income: $2,826
- Airbnb Daily Rate: $154
- Airbnb Occupancy Rate: 60%
- Airbnb CoC Return: 6.40%
- Median Property Price: $304,820
- Property Price per Square Foot: $147
- Days on Market: 150
16. Mountain View, AR
- Airbnb Rental Income: $2,852
- Airbnb Daily Rate: $151
- Airbnb Occupancy Rate: 64%
- Airbnb CoC Return:7.37%
- Median Property Price: $267,239
- Property Price per Square Foot: $180
- Days on Market: 73
17. Jackson, MS
- Airbnb Rental Income: $2,906
- Airbnb Daily Rate: $114
- Airbnb Occupancy Rate: 65%
- Airbnb CoC Return: 6.32%
- Median Property Price: $290,306
- Property Price per Square Foot: $116
- Days on Market: 152
18. Sheboygan, WI
- Airbnb Rental Income: $2,933
- Airbnb Daily Rate: $316
- Airbnb Occupancy Rate: 49%
- Airbnb CoC Return: 6.51%
- Median Property Price: $255,391
- Property Price per Square Foot: $141
- Days on Market: 46
19. Bisbee, AZ
- Airbnb Rental Income: $2,948
- Airbnb Daily Rate: $140
- Airbnb Occupancy Rate: 64%
- Airbnb CoC Return: 6.41%
- Median Property Price: $330,911
- Property Price per Square Foot: $213
- Days on Market: 206
20. Norman, OK
- Airbnb Rental Income: $2,974
- Airbnb Daily Rate: $176
- Airbnb Occupancy Rate: 59%
- Airbnb CoC Return: 6.01%
- Median Property Price: $319,060
- Property Price per Square Foot: $157
- Days on Market: 66
Best US Cities With Airbnb Rental Income $3,000–$4,000
1. Park Hills, KY
- Airbnb Rental Income: $3,007
- Airbnb Daily Rate: $141
- Airbnb Occupancy Rate: 56%
- Airbnb CoC Return: 5.87%
- Median Property Price: $304,960
- Property Price per Square Foot: $178
- Days on Market: 44
2. Anderson, SC
- Airbnb Rental Income: $3,063
- Airbnb Daily Rate: $218
- Airbnb Occupancy Rate: 55%
- Airbnb CoC Return: 6.23%
- Median Property Price: $341,658
- Property Price per Square Foot: $136
- Days on Market: 71
3. Green Bay, WI
- Airbnb Rental Income: $3,068
- Airbnb Daily Rate: $323
- Airbnb Occupancy Rate: 47%
- Airbnb CoC Return: 6.07%
- Median Property Price: $302,404
- Property Price per Square Foot: $182
- Days on Market: 97
4. Greensboro, NC
- Airbnb Rental Income: $3,183
- Airbnb Daily Rate: $112
- Airbnb Occupancy Rate: 75%
- Airbnb CoC Return: 6.69%
- Median Property Price: $313,467
- Property Price per Square Foot: $237
- Days on Market: 84
5. Hot Springs Village, AR
- Airbnb Rental Income: $3,184
- Airbnb Daily Rate: $158
- Airbnb Occupancy Rate: 60%
- Airbnb CoC Return: 5.75%
- Median Property Price: $363,910
- Property Price per Square Foot: $141
- Days on Market: 63
6. Grand Rapids, MI
- Airbnb Rental Income: $3,189
- Airbnb Daily Rate: $162
- Airbnb Occupancy Rate: 65%
- Airbnb CoC Return: 5,75%
- Median Property Price: $412,192
- Property Price per Square Foot: $227
- Days on Market: 2
7. North Charleston, SC
- Airbnb Rental Income: $3,211
- Airbnb Daily Rate: $149
- Airbnb Occupancy Rate: 66%
- Airbnb CoC Return: 6.13%
- Median Property Price: $352,573
- Property Price per Square Foot: $199
- Days on Market: 71
8. Norfolk, VA
- Airbnb Rental Income: $3,221
- Airbnb Daily Rate: $164
- Airbnb Occupancy Rate: 62%
- Airbnb CoC Return: 5.84%
- Median Property Price: $359,751
- Property Price per Square Foot: $210
- Days on Market: 63
9. Twentynine Palms, CA
- Airbnb Rental Income: $3,232
- Airbnb Daily Rate: $195
- Airbnb Occupancy Rate: 62%
- Airbnb CoC Return: 6.43%
- Median Property Price: $360,292
- Property Price per Square Foot: $276
- Days on Market: 65
Related: Where Are the Best Places to Invest in California in 2022
10. Southbend, IN
- Airbnb Rental Income: $3,238
- Airbnb Daily Rate: $316
- Airbnb Occupancy Rate: 51%
- Airbnb CoC Return: 6.61%
- Median Property Price: $361,507
- Property Price per Square Foot: $166
- Days on Market: 39
11. High Point, NC
- Airbnb Rental Income: $3,340
- Airbnb Daily Rate: $202
- Airbnb Occupancy Rate: 56%
- Airbnb CoC Return: 6.65%
- Median Property Price: $331,437
- Property Price per Square Foot: $154
- Days on Market: 31
12. Bakersfield, CA
- Airbnb Rental Income: $3,340
- Airbnb Daily Rate: $153
- Airbnb Occupancy Rate: 69%
- Airbnb CoC Return: 6.17%
- Median Property Price: $404,366
- Property Price per Square Foot: $241
- Days on Market: 82
13. Bellaire, MI
- Airbnb Rental Income: $3,342
- Airbnb Daily Rate: $268
- Airbnb Occupancy Rate: 48%
- Airbnb CoC Return: 6.40%
- Median Property Price: $369,971
- Property Price per Square Foot: $195
- Days on Market: 137
14. Branson West, MO
- Airbnb Rental Income: $3,358
- Airbnb Daily Rate: $191
- Airbnb Occupancy Rate: 52%
- Airbnb CoC Return: 6.04%
- Median Property Price: $409,643
- Property Price per Square Foot: $239
- Days on Market: 59
15. Waco, TX
- Airbnb Rental Income: $3,413
- Airbnb Daily Rate: $196
- Airbnb Occupancy Rate: 59%
- Airbnb CoC Return: 6.23%
- Median Property Price: $404,564
- Property Price per Square Foot: $184
- Days on Market: 92
16. New Bern, NC
- Airbnb Rental Income: $3,432
- Airbnb Daily Rate: $159
- Airbnb Occupancy Rate: 63%
- Airbnb CoC Return: 6.54%
- Median Property Price: $376,397
- Property Price per Square Foot: $201
- Days on Market: 149
17. Tobyhanna, PA
- Airbnb Rental Income: $3,448
- Airbnb Daily Rate: $296
- Airbnb Occupancy Rate: 51%
- Airbnb CoC Return: 7.29%
- Median Property Price: $280,057
- Property Price per Square Foot: $167
- Days on Market: 42
18. Ocean Springs, MS
- Airbnb Rental Income: $3,475
- Airbnb Daily Rate: $166
- Airbnb Occupancy Rate: 64%
- Airbnb CoC Return: 5.85%
- Median Property Price: $473,636
- Property Price per Square Foot: $201
- Days on Market: 52
19. Fairbanks, AK
- Airbnb Rental Income: $3,484
- Airbnb Daily Rate: $137
- Airbnb Occupancy Rate: 71%
- Airbnb CoC Return: 7.78%
- Median Property Price: $288,168
- Property Price per Square Foot: $174
- Days on Market: 114
20. Athens, GA
- Airbnb Rental Income: $3,519
- Airbnb Daily Rate: $197
- Airbnb Occupancy Rate: 58%
- Airbnb CoC Return: 5.94%
- Median Property Price: $426,066
- Property Price per Square Foot: $207
- Days on Market: 80
21. Bridgton, ME
- Airbnb Rental Income: $3,552
- Airbnb Daily Rate: $309
- Airbnb Occupancy Rate: 52%
- Airbnb CoC Return: 5.84%
- Median Property Price: $559,108
- Property Price per Square Foot: $152
- Days on Market: 96
22. Gaylord, MI
- Airbnb Rental Income: $3,588
- Airbnb Daily Rate: $232
- Airbnb Occupancy Rate: 53%
- Airbnb CoC Return: 7.39%
- Median Property Price: $317,522
- Property Price per Square Foot: $153
- Days on Market: 63
23. Desert Hot Springs, CA
- Airbnb Rental Income: $3,625
- Airbnb Daily Rate: $248
- Airbnb Occupancy Rate: 50%
- Airbnb CoC Return: 5.81%
- Median Property Price: $393,545
- Property Price per Square Foot: $248
- Days on Market: 113
24. Salem, OR
- Airbnb Rental Income: $3,739
- Airbnb Daily Rate: $142
- Airbnb Occupancy Rate: 69%
- Airbnb CoC Return: 5.81%
- Median Property Price: $464,414
- Property Price per Square Foot: $261
- Days on Market: 60
25. Waianae, HI
- Airbnb Rental Income: $3,760
- Airbnb Daily Rate: $215
- Airbnb Occupancy Rate: 67%
- Airbnb CoC Return: 6.45%
- Median Property Price: $449,048
- Property Price per Square Foot: $471
- Days on Market: 75
26. Cottonwood, AZ
- Airbnb Rental Income: $3,841
- Airbnb Daily Rate: $165
- Airbnb Occupancy Rate: 68%
- Airbnb CoC Return: 6.05%
- Median Property Price: $461,823
- Property Price per Square Foot: $275
- Days on Market: 64
27. Klamath Fall, OR
- Airbnb Rental Income: $3,984
- Airbnb Daily Rate: $217
- Airbnb Occupancy Rate: 53%
- Airbnb CoC Return: 6.74%
- Median Property Price: $428,203
- Property Price per Square Foot: $219
- Days on Market: 179
Best US Cities With Airbnb Rental Income $4,000–$5,000
1. Gainesville, GA
- Airbnb Rental Income: $4,024
- Airbnb Daily Rate: $343
- Airbnb Occupancy Rate: 56%
- Airbnb CoC Return: 5.91%
- Median Property Price: $483,525
- Property Price per Square Foot: $216
- Days on Market: 74
2. Avondale, AZ
- Airbnb Rental Income: $4,088
- Airbnb Daily Rate: $213
- Airbnb Occupancy Rate: 60%
- Airbnb CoC Return: 5.81%
- Median Property Price: $451,780
- Property Price per Square Foot: $224
- Days on Market: 36
3. Flowood, MS
- Airbnb Rental Income: $4,112
- Airbnb Daily Rate: $112
- Airbnb Occupancy Rate: 65%
- Airbnb CoC Return: 6.45%
- Median Property Price: $479,258
- Property Price per Square Foot: $184
- Days on Market: 144
4. Glendale, AZ
- Airbnb Rental Income: $4,164
- Airbnb Daily Rate: $202
- Airbnb Occupancy Rate: 77%
- Airbnb CoC Return: 6.45%
- Median Property Price: $454,925
- Property Price per Square Foot: $252
- Days on Market: 38
5. Auburn, AL
- Airbnb Rental Income: $4,201
- Airbnb Daily Rate: $349
- Airbnb Occupancy Rate: 48%
- Airbnb CoC Return: 6.79%
- Median Property Price: $455,615
- Property Price per Square Foot: $221
- Days on Market: 27
6. Berkeley Springs, WV
- Airbnb Rental Income: $4,295
- Airbnb Daily Rate: $216
- Airbnb Occupancy Rate: 70%
- Airbnb CoC Return: 6.54%
- Median Property Price: $484,322
- Property Price per Square Foot: $205
- Days on Market: 104
7. Albrightsville, PA
- Airbnb Rental Income: $4,307
- Airbnb Daily Rate: $307
- Airbnb Occupancy Rate: 57%
- Airbnb CoC Return: 6.52%
- Median Property Price: $393,200
- Property Price per Square Foot: $205
- Days on Market: 73
8. Kingston, NY
- Airbnb Rental Income: $4,310
- Airbnb Daily Rate: $275
- Airbnb Occupancy Rate: 60%
- Airbnb CoC Return: 6.27%
- Median Property Price: $404,688
- Property Price per Square Foot: $244
- Days on Market: 93
9. North Las Vegas, NV
- Airbnb Rental Income: $4,324
- Airbnb Daily Rate: $213
- Airbnb Occupancy Rate: 71%
- Airbnb CoC Return: 6.78%
- Median Property Price: $424,965
- Property Price per Square Foot: $228
- Days on Market: 73
10. Yucca Valley, CA
- Airbnb Rental Income: $4,429
- Airbnb Daily Rate: $308
- Airbnb Occupancy Rate: 60%
- Airbnb CoC Return: 5.94%
- Median Property Price: $587,898
- Property Price per Square Foot: $327
- Days on Market: 115
11. Nashville, IN
- Airbnb Rental Income: $4,520
- Airbnb Daily Rate: $281
- Airbnb Occupancy Rate: 60%
- Airbnb CoC Return: 6.73%
- Median Property Price: $407,180
- Property Price per Square Foot: $260
- Days on Market: 79
12. Bushkill, PA
- Airbnb Rental Income: $4,700
- Airbnb Daily Rate: $333
- Airbnb Occupancy Rate: 54%
- Airbnb CoC Return: 7.86%
- Median Property Price: $376,267
- Property Price per Square Foot: $152
- Days on Market: 70
13. Littleton, CO
- Airbnb Rental Income: $4,731
- Airbnb Daily Rate: $189
- Airbnb Occupancy Rate: 70%
- Airbnb CoC Return: 6.24%
- Median Property Price: $487,273
- Property Price per Square Foot: $287
- Days on Market: 18
14. Oakhurst, CA
- Airbnb Rental Income: $4,791
- Airbnb Daily Rate: $246
- Airbnb Occupancy Rate: 64%
- Airbnb CoC Return: 6.24%
- Median Property Price: $572,085
- Property Price per Square Foot: $270
- Days on Market: 80
15. Virginia Beach, VA
- Airbnb Rental Income: $4,829
- Airbnb Daily Rate: $270
- Airbnb Occupancy Rate: 58%
- Airbnb CoC Return: 6.35%
- Median Property Price: $550,456
- Property Price per Square Foot: $273
- Days on Market: 46
16. Conway, NH
- Airbnb Rental Income: $4,946
- Airbnb Daily Rate: $280
- Airbnb Occupancy Rate: 64%
- Airbnb CoC Return: 5.74%
- Median Property Price: $563,370
- Property Price per Square Foot: $255
- Days on Market: 69
Best US Cities With Airbnb Rental Income Above $5,000
1. Galena, IL
- Airbnb Rental Income: $5,021
- Airbnb Daily Rate: $268
- Airbnb Occupancy Rate: 66%
- Airbnb CoC Return: 7.21%
- Median Property Price: $510,164
- Property Price per Square Foot: $255
- Days on Market: 73
2. New Braunfels, TX
- Airbnb Rental Income: $5,022
- Airbnb Daily Rate: $260
- Airbnb Occupancy Rate: 55%
- Airbnb CoC Return: 6.01%
- Median Property Price: $560,193
- Property Price per Square Foot: $244
- Days on Market: 112
3. Long Pond, PA
- Airbnb Rental Income: $5,203
- Airbnb Daily Rate: $429
- Airbnb Occupancy Rate: 56%
- Airbnb CoC Return: 7.04%
- Median Property Price: $435,832
- Property Price per Square Foot: $205
- Days on Market: 99
4. Charlottesville, VA
- Airbnb Rental Income: $5,291
- Airbnb Daily Rate: $272
- Airbnb Occupancy Rate: 65.08%
- Airbnb CoC Return: 5.83%
- Median Property Price: $664,858
- Property Price per Square Foot: $271
- Days on Market: 122
5. East Stroudsburg, PA
- Airbnb Rental Income: $5,358
- Airbnb Daily Rate: $290
- Airbnb Occupancy Rate: 51%
- Airbnb CoC Return: 7.13%
- Median Property Price: $455,873
- Property Price per Square Foot: $166
- Days on Market: 78
6. Ann Arbor, MI
- Airbnb Rental Income: $5,511
- Airbnb Daily Rate: $212
- Airbnb Occupancy Rate: 71%
- Airbnb CoC Return: 6.16%
- Median Property Price: $627,277
- Property Price per Square Foot: $318
- Days on Market: 125
7. Bar Harbor, ME
- Airbnb Rental Income: $6,132
- Airbnb Daily Rate: $247
- Airbnb Occupancy Rate: 78%
- Airbnb CoC Return: 6.37%
- Median Property Price: $724,286
- Property Price per Square Foot: $234
- Days on Market: 115
8. Middletown, RI
- Airbnb Rental Income: $5,186
- Airbnb Daily Rate: $441
- Airbnb Occupancy Rate: 59%
- Airbnb CoC Return: 6.14%
- Median Property Price: $675,429
- Property Price per Square Foot: $335
- Days on Market: 83
9. Annapolis, MD
- Airbnb Rental Income: $6,559
- Airbnb Daily Rate: $327
- Airbnb Occupancy Rate: 67%
- Airbnb CoC Return: 5.94%
- Median Property Price: $776,229
- Property Price per Square Foot: $365
- Days on Market: 109
10. Temecula, CA
- Airbnb Rental Income: $7,118
- Airbnb Daily Rate: $446
- Airbnb Occupancy Rate: 64%
- Airbnb CoC Return: 6.88%
- Median Property Price: $734,128
- Property Price per Square Foot: $354
- Days on Market: 57
11. New Paltz, NY
- Airbnb Rental Income: $7,502
- Airbnb Daily Rate: $314
- Airbnb Occupancy Rate: 57%
- Airbnb CoC Return: 6.52%
- Median Property Price: $693,920
- Property Price per Square Foot: $259
- Days on Market: 61
12. Santa Ynez, CA
- Airbnb Rental Income: $15,225
- Airbnb Daily Rate: $584
- Airbnb Occupancy Rate: 66%
- Airbnb CoC Return: 6.38%
- Median Property Price: $1,818,600
- Property Price per Square Foot: $787
- Days on Market: 30
How Do You Maximize Your Airbnb Potential Income?
You can’t go and scour all 75 cities on our list to look for the best Airbnb rental property, can you? But if you follow these steps, you’ll be on your way to a profitable Airbnb investment.
1. Set Your Investment Goals
Investors have different goals, so start shortlisting by establishing your goals. If your goal is to start with a small investment cost, you will do well to choose a location with a low median property price. On the other hand, if you aim to enjoy higher returns, look for cities with high cash on cash returns. Focus on cities with high Airbnb occupancy rates if you are looking for an Airbnb passive income.
2. Know the Short-Term Rental Laws in Your Selected City or State
Some states or cities have restrictions on short-term rentals. In San Francisco, for instance, only Airbnb rentals hosted by full-time residents registered with the city are allowed. Additionally, rentals are allowed only for up to a maximum of 90 days. Similarly, different cities or states may have different laws on Airbnb income tax. It pays to know these laws to evaluate how they impact your Airbnb cash flow. Check out also any rules from the Homeowners’ Association (HOA) and condominium boards.
3. Find the Property That Will Meet Your Goal
Your next step is to choose the neighborhood for buying a short-term rental property.
Heatmap
To speed up this process, use Mashvisor’s heatmap. The tool allows you to filter your search based on your goal, and it will present you with a color-coded map of the city. The green portions of the map are the top-performing areas in the city based on your criterion. However, when you choose Listing Price as your filter, look at the red-shaded areas because those are the areas with affordable Airbnb rental properties.
Related: This Heatmap Will Show You Where to Invest in Real Estate
Neighborhood Analytics
If you click on the name of your selected neighborhood, you will be redirected to the Neighborhood Analytics Page. It will provide more data such as the number of Airbnb properties, the optimal rental strategy, a rent analysis, real estate comps, and more.
Property Finder
After deciding on a neighborhood, you may now use Mashvisor’s Investment Property Search to find a property that will generate your target Airbnb return on investment. Once you’ve set your filters, a list of rental properties matching your criteria will be shown.
4. Conduct an Investment Property Analysis
The results from the previous step may all meet your criteria, but you still need to do a detailed Airbnb analysis to find the most lucrative property for your goal. Mashvisor’s Airbnb calculator can show you how to estimate Airbnb income. The Airbnb estimator does not only calculate Airbnb income; it also calculates other Airbnb metrics. It will be easier for you to determine how much to charge for the daily rate if you have the Airbnb income estimate.
The Bottomline
The Airbnb rental business quickly jumped on its feet after it fell during the pandemic, making it one of the more profitable real estate investment strategies even for beginning investors. The third quarter of 2021 saw an increase in Airbnb income on average, and the trend is expected to continue in 2022.
If you are interested in an Airbnb rental strategy, you may begin with our list of 75 top cities, but be sure to do an in-depth investment property analysis using Mashvisor tools. Better yet, sign up with Mashvisor to get your free trial and be on your way to a rewarding investment.
