Airbnb RentalsThe 10 Best Places for Buying a Vacation Home in Florida in 2021 by Charles Mburugu May 3, 2021April 28, 2021 by Charles Mburugu May 3, 2021April 28, 2021Investing in vacation rental properties is one of the best ways of making money and building wealth in real estate. Recent statistics show that Airbnb hosts generated gross revenue of $14.2 billion in North America in 2019. Due to the Coronavirus-induced travel restrictions and stay-at-home orders, gross revenue dropped to $12.6 billion in 2020. However, with the release of the Covid-19 vaccines and the reopening of economies in 2021, the short-term rental industry is expected to rebound in a significant way.When it comes to buying a vacation home to rent out, the Florida housing market has always been one of the best locations. The advantages are numerous, including the hot Florida vacation spots and tourist attractions, the influx of tourists, the relatively affordable property prices, and the conducive Airbnb rules.So, in this article, we will investigate the 10 best places for buying a vacation home in the Florida real estate market 2021. But before we do that, let us first look at some reasons why you should buy a condo, apartment, single family home, or multi family home for Airbnb Florida.Benefits of Airbnb investingHere are three reasons why investing in Airbnb Florida 2021 is a good idea:Higher rental income – An Airbnb rental with a good occupancy rate is usually more profitable than renting the same home to a long-term tenant. With this type of rental property investing, rent is charged on a nightly basis. Depending on the season, you could even increase your nightly rate to earn a higher Airbnb income.Tax deductions – As the owner of a vacation home that you rent out on Airbnb, you are allowed to write off the expenses you incur in the maintaining of your investment property. These include costs like occupancy taxes, supplies, cleaning costs, utility costs, and hosting fees.A personal getaway spot – Buying a vacation rental property means having a place where you can take a vacation with your friends or family. In addition to saving on accommodation costs, you get to spend your time off from work in the comfort of your own second home. And when it comes to vacations, Florida is definitely one of the best possible destinations in the US housing market.Related: Buying a Vacation Home to Rent Out: Dos and Don’tsWhat to consider before buying a vacation home in FloridaThe Sunshine State is the third most populous state in the US. With its pristine beaches, warn climate, and wide array of attractions, Airbnb Florida continues to attract millions of tourists every year. Popular attractions in the state include the Kennedy Space Center, Disney World, Universal Studios, Clearwater Beach, The Ringling, SeaWorld Orlando, and Salvador Dali Museum. VisitFlorida.org reports that 86.7 million people visited Florida in 2020, which is a 34% decline from the previous year. However, the numbers are expected to go up significantly in 2021, thus creating a huge demand for short-term rentals.When it comes to short-term rental laws, Florida is one of the most Airbnb-friendly states in the US. Currently, local governments are not allowed to pass laws that prohibit Florida vacation homes. Nevertheless, before buying houses in Florida to rent out on Airbnb or similar platforms, be sure to check out local government websites to stay updated on any changes in the regulations.With regards to getting a vacation home loan for buying a house in Florida, you could consider options like a cash-out refinance, home equity line of credit (HELOC), private lenders, and real estate partnerships. Take note that lenders usually require a larger down payment and a higher credit score. In addition, the interest rates charged for vacation homes are typically higher than those charged for primary residences.Related: A 2021 Guide to Buying a Second Home to Rent Out Best places in Florida to buy a vacation houseWhether you are looking for affordable beach towns in Florida or houses for sale with pool, you can find profitable investment properties for sale on the Mashvisor real estate data analytics software. Once you’ve selected the most appropriate Florida real estate market for your Airbnb strategy in 2021, you can start searching for lucrative opportunities on our platform. Find Profitable Florida Vacation HomesWhen thinking about where to buy vacation homes in Florida, the most important metric to consider is the cash on cash return. Based on the latest Mashvisor Airbnb data, here are some of the best towns in Florida for Airbnb investment:1. Deland, FloridaDeland is the most profitable location for owning a vacation home in Florida this year, according to Mashvisor dataMedian Property Price: $316,223Price per Square Foot: $157Average Airbnb Daily Rate: $115Monthly Airbnb Rental Income: $2,595Airbnb Cash on Cash Return: 4.86%Airbnb Occupancy Rate: 60.37%According to our Airbnb data analytics, Deland leads the list of the best places for buying a vacation home in Florida in 2021. This city offers the highest average return on investment for short-term rentals. While 4.86% might not seem like a good cash on cash return for seasoned investors, you should keep in mind that this is just a city average, while Mashvisor can help you find Florida income properties that bring double-digit returns.2. Plantation, FloridaMedian Property Price: $405,098Price per Square Foot: $213Average Airbnb Daily Rate: $235Monthly Airbnb Rental Income: $3,365Airbnb Cash on Cash Return: 4.24%Airbnb Occupancy Rate: 59.19%Second on our list of the best places to buy rental property to offer on Airbnb this year is Plantation. If you’re looking for strong Airbnb income, that’s the right location for you.3. Oakland Park, FloridaMedian Property Price: $354,653Price per Square Foot: $267Average Airbnb Daily Rate: $182Monthly Airbnb Rental Income: $2,932Airbnb Cash on Cash Return: 3.98%Airbnb Occupancy Rate: 60.28%Yet another top location for buying a vacation home in Florida in 2021 is Oakland Park. This vibrant community offers many attractions for domestic and international tourists.Related: What Airbnb Occupancy Rate Can You Expect in 2021?4. Tallahassee, FloridaMedian Property Price: $296,750Price per Square Foot: $162Average Airbnb Daily Rate: $145Monthly Airbnb Rental Income: $1,923Airbnb Cash on Cash Return: 3.77%Airbnb Occupancy Rate: 51.65%The multitude of historical and cultural attractions easily turn the capital of Florida into one of the hottest destinations for Airbnb investments in 2021.5. Jacksonville, FloridaMedian Property Price: $285,686Price per Square Foot: $159Average Airbnb Daily Rate: $132Monthly Airbnb Rental Income: $2,054Airbnb Cash on Cash Return: 3.67%Airbnb Occupancy Rate: 58.92%Jacksonville continues to be one of the top markets for buying a vacation home in Florida this year. The below-average home values make it an ideal destination for beginner investors who face budget constraints.6. Gainesville, FloridaMedian Property Price: $372,896Price per Square Foot: N/AAverage Airbnb Daily Rate: $149Monthly Airbnb Rental Income: $2,304Airbnb Cash on Cash Return: 3.60%Airbnb Occupancy Rate: 55.25%Airbnb Gainesville should remain on the radar of savvy real estate investors looking for the best places for buying a vacation home in the Sunshine State. The combination of property values and Airbnb revenue results in a high rate of return for short-term rentals.7. Lakeland, FloridaMedian Property Price: $339,394Price per Square Foot: $166Average Airbnb Daily Rate: $104Monthly Airbnb Rental Income: $2,089Airbnb Cash on Cash Return: 3.49%Airbnb Occupancy Rate: 60.67%The analysis conducted by the Mashvisor real estate investment software places Lakeland as number 7 among the most profitable Airbnb locations in Florida in 2021.8. Pensacola, FloridaMedian Property Price: $585,122Price per Square Foot: $265Average Airbnb Daily Rate: $137Monthly Airbnb Rental Income: $3,125Airbnb Cash on Cash Return: 3.44%Airbnb Occupancy Rate: 68.00%If your investment budget is relatively larger or you have access to good real estate investment loans, you should consider buying an Airbnb Florida property in Pensacola. This city benefits from a particularly high Airbnb occupancy rate, even when compared to the rest of the Florida housing market in 2021.9. Bradenton, FloridaMedian Property Price: $515,287Price per Square Foot: $228Average Airbnb Daily Rate: $142Monthly Airbnb Rental Income: $2,510Airbnb Cash on Cash Return: 2.63%Airbnb Occupancy Rate: 64.01%Number 9 on our list of the top markets for investing in a short-term rental property in Florida this year is Bradenton. Despite the above-average home values, this city brings good cap rate and cash on cash return to Airbnb hosts.10. St. Petersburg, FloridaMedian Property Price: $303,020Price per Square Foot: $223Average Airbnb Daily Rate: $117Monthly Airbnb Rental Income: $1,497Airbnb Cash on Cash Return: 2.53%Airbnb Occupancy Rate: 55.57%Last but not least, you should look into St. Petersburg when exploring where to buy a vacation home in Florida in 2021.If, on the other hand, you’d like to look into alternative top locations for investing in short-term rentals, outside the Sunshine State, you can check out Airbnb Atlanta 2021.ConclusionKnowing the best places for buying a vacation home in Florida in 2021 is a good place to start. Once you’ve decided on the best vacation spots in Florida for your particular investment needs and requirements, you can find an affordable and profitable rental vacation house on the Mashvisor platform. Furthermore, you can analyze the profitability of each Florida beach house using the investment property calculator. You will see metrics presented above in addition to estimates of the rental expenses, cash flow, and Airbnb cap rate. We’ll help you turn 3 months of real estate research and analysis into 15 minutes.To get access to our real estate investment tools, click here to sign up for a 7-day free trial of Mashvisor today, followed by 15% off for life. Start Your Investment Property Search! START FREE TRIAL Cash on Cash ReturnFloridaMarket AnalysisOakland Park FLReal Estate DataVacation Rental 0FacebookTwitterGoogle +PinterestLinkedin Charles MburuguCharles Mburugu is a HubSpot-certified content writer/marketer for B2B, B2C and SaaS companies. He loves writing on topics that help real estate investors and agents make better choices. 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