We listed the top 10 Florida Airbnb demand by city to help you find out where people are traveling.
Investing in the real estate world can be complicated. You may already know where to look for profitable investment opportunities, but you may not know what kind of property to invest in. Though it can be tricky, a great place to start is investing in a vacation property. No matter the location, people are always traveling and looking for a place to stay short term. Airbnb properties are excellent for real estate investors of all kinds as they offer a high return on investment.
This year, we recommend taking a look into the Florida real estate market for investment opportunities. Florida is a location that draws travelers all year round, guaranteeing you will find a renter for your rental property. Below, we will explore the Florida Airbnb demand by city to help provide a guide of which locations will be most profitable this year.
10 Best Cities to Invest in Airbnb Florida 2022
As Florida is quite a large state with many opportunities for investments, we created a list of the ten most profitable cities for investors this year. To generate our list, we ran a statewide real estate market analysis using Mashvisor to determine which cities would be best for investing.
Mashvisor collects its data from accurate and reliable sources such as Airbnb and MLS to ensure its analysis will provide the best data for you. Continue reading to learn about the Florida Airbnb demand by city this 2022.
1. Miami, FL
- Airbnb Rental Income: $3,982
- Airbnb Cash on Cash Return: 2.38%
- Airbnb Daily Rate: $239
- Airbnb Occupancy Rate: 60%
Miami is a great city to consider an investment property in. As one of the largest cities in Florida, people travel here all year round. Whether for business or leisure, the city attracts over 20 million visitors annually.
All types of properties will perform well here as all kinds of travelers are drawn to the city. Apartments, condominiums, and traditional houses are all excellent options for buying properties in Miami. The city offers excellent cash on cash return, ensuring anyone will make money on their investment.
2. Fort Lauderdale, FL
- Airbnb Rental Income: $4,095
- Airbnb Cash on Cash Return: 1.27%
- Airbnb Daily Rate: $279
- Airbnb Occupancy Rate: 55%
Another city in Florida with a high Airbnb demand is Fort Lauderdale. The city is located on Florida’s southeastern coast, providing beach access to all guests. Visitors looking to visit the Sunshine State for the beaches will be looking for a rental property in Fort Lauderdale. Additionally, the city is located just a short drive away from other famous cities in the state, such as Hollywood and Miami.
3. Orlando, FL
- Airbnb Rental Income: $2,219
- Airbnb Cash on Cash Return: 1.53%
- Airbnb Daily Rate: $122
- Airbnb Occupancy Rate: 49%
Orlando is next on our Florida Airbnb demand by city. When most people think about popular cities in Florida, Orlando comes to mind first. It is home to some of the most popular attractions, such as Disney World, Universal Studios, and Sea World. Families with children are especially likely to visit the city. The amusement parks are open year-round, which means visitors will be searching for Airbnb Orlando during all times of the year.
4. Key West, FL
- Airbnb Rental Income: $5,631
- Airbnb Cash on Cash Return: 1.04%
- Airbnb Daily Rate: $453
- Airbnb Occupancy Rate: 58%
Key West is one of Florida’s most unique cities. It lies on its own small island that is only reachable by car from a single road that connects to the rest of the state. Others might choose to take a boat over to the island. The city is completely surrounded by water on all sides, making it a perfect location for visitors looking to come to Florida for the beach. Florida Airbnb income is generally higher in Key West as it is one of the state’s island cities.
5. Tampa, FL
- Airbnb Rental Income: $2,505
- Airbnb Cash on Cash Return: 2.16%
- Airbnb Daily Rate: $159
- Airbnb Occupancy Rate: 50%
Tampa is the next location on our Florida Airbnb demand by city. It is another great location for those who are looking to visit the beaches. Tampa is located right on the coast, offering easy access to beaches in the area. The city is also located fairly close to Orlando, meaning visitors can go to both cities during their trip. All styles of investment properties can be profitable in Tampa.
6. Panama City, FL
- Airbnb Rental Income: $2,919
- Airbnb Cash on Cash Return: 4.84%
- Airbnb Daily Rate: $209
- Airbnb Occupancy Rate: 48%
Another great option for an investment property on the coast of Florida is Panama City. Just a drive away from Pensacola and Tallahassee, it offers fantastic access to beaches. Panama City offers significant cash on cash return on your rental property, ensuring you will generate an income on this investment.
7. Clearwater, FL
- Airbnb Rental Income: $2,861.73
- Airbnb Cash on Cash Return: 2.48%
- Airbnb Daily Rate: $204
- Airbnb Occupancy Rate: 54.24%
Next on Mashvisor’s list of Airbnb demand by city is Clearwater. Like many of Florida’s cities, Clearwater provides excellent beach access for its visitors. It is located on a barrier island with miles of white sand.
The city is very close to Tampa, so visitors can enjoy all of the attractions located in the latter. Travelers will be drawn to Clearwater year-round for its fantastic beach spots, making it a great location to invest in a rental property.
8. Daytona Beach, FL
- Airbnb Rental Income: $2,877
- Airbnb Cash on Cash Return: 5.30%
- Airbnb Daily Rate: $135
- Airbnb Occupancy Rate: 61%
Daytona Beach is located right on the Atlantic coast. Along with lots of beach access points, the city also offers a boardwalk full of shopping, restaurants, and amusement park rides. It is also home to the 500 NASCAR race. There are plenty of attractions that draw travelers to Daytona Beach, making it a great location for a profitable investment.
9. Jupiter, FL
- Airbnb Rental Income: $4,284
- Airbnb Cash on Cash Return: 2.38%
- Airbnb Daily Rate: $258
- Airbnb Occupancy Rate: 53%
Another fantastic location for an investment property this year is Jupiter. The city faces the Atlantic Ocean, offering fantastic beach access. The Florida Airbnb occupancy rate of the city is high at 53%, ensuring you will find renters for your Airbnb property. Consider looking into Jupiter for your next investment.
10. Naples, FL
- Airbnb Rental Income: $3,749
- Airbnb Cash on Cash Return: 2.52%
- Airbnb Daily Rate: $287
- Airbnb Occupancy Rate: 52%
Last up on our top 10 Florida Airbnb demand by city is Naples. The city is located on the southwestern side of Florida, with beach access to the Gulf of Mexico. Naples is known for its high-end shopping and luxury golf courses. Both tourists and business travelers visit year-round. The city offers attractive cash on cash return, ensuring you will have a profitable investment property.
How Can I Make Sure My City Will Be Profitable?
Though the above discussed our top 10 Florida Airbnb demand by city, that doesn’t mean there are not plenty of other profitable locations for an Airbnb property in the state. If you are interested in accessing data for other cities in Florida, use Mashvisor’s Real Estate Heatmap to see the most accurate Airbnb analytics.
Our heatmap tool helps you zero in on a profitable neighborhood that will produce a high return on your investment. It uses important real estate metrics, such as rental income, cap rate, and cash on cash return to determine the profitability of locations.
To start looking for and analyzing the best investment properties in your city and neighborhood of choice, click here.
Other Considerations in Real Estate Investing
Despite your experience in investing in general, you may be wondering how to invest in real estate. It is important to be updated with all market trends, including the Florida Airbnb demand by city, and be knowledgeable about investing tips to ensure you will generate a profit. Rather than trying to keep track of many Airbnb analysis spreadsheets, we’ve created tools to guide you through all of your investment decisions. Other platforms may offer similar tools, but we provide everything you’ll need for an investment decision all in one spot.
As mentioned above, we have a tool called the Real Estate Heatmap that helps you find profitable locations in any area. After you have found a neighborhood worth investing in, you can begin your search for a property.
We understand that finding a rental home can be difficult. You don’t want to spend hours searching through every property available when most of them do not fit your wants and needs. To help make the process easier, we have created the Property Finder tool. It is a great resource to search through properties available in any city. We offer filters to make finding your perfect investment property easy. Some available filters to help guide your search are:
- Property type
- Location (You can search multiple cities at one time)
- Rental strategy (Traditional vs rental property)
- Number of bedrooms
- Number of bathrooms
Mashvisor’s Property Finder tool saves you time by making your investment property search easy.
After utilizing our Property Finder tool and finding a property you are interested in, you need to confirm it will be a good investment. Even if you use our Real Estate Heatmap to locate a location with high investment potential, different styles of properties may perform in contrasting ways even in the same neighborhood. For this reason, it is always a smart idea to use our Investment Property Calculator tool to check if the property type you want will be successful in a certain area.
To use our Airbnb Calculator, you simply put in your own property and numbers (such as cost, closing costs, mortgage, etc.), and the calculator will do the rest. This tool gives you real estate data specific to your property and completes a thorough Airbnb analysis. Information is pre-calculated for you, such as interest rate, maintenance fees, and property tax. Calculating cost is an essential part of investing as it helps you fine-tune your strategy and stick to a set budget.
Lastly, our Investment Property Calculator tool provides you with a comprehensive strategy. It offers a comparison between how your property will perform as an Airbnb vs a traditional property. As not all styles of rentals perform the same, even if they are in the same location, we want to ensure you are choosing the best style of property for your area. Even though our list of Florida Airbnb demand by city offers an inside scoop as to where to look across the state for investment properties this 2022, use our Airbnb Calculator to analyze any property in any state or city in the U.S.
To access all of our helpful investing tools and determine the Florida Airbnb demand by city, click here to sign up for a 7-day free trial of Mashvisor today, followed by 15% off for life.
Where Does Mashvisor Get Its Data From?
Now that you have learned all about the helpful tools we offer, you may be asking yourself, where do they get this data from? How did they create their Florida Airbnb demand by city list? Any real estate investor would know that reliable data is the key to investing. As we offer all of these useful tools, you should know where we get our data that gives you the search results within the tools mentioned above.
We gather our data from proven accurate and reliable sources only, such as the MLS and Airbnb. Once data is collected from these sites, it is then processed through our algorithms that ensure the data is valid. This process ensures that users are only presented with data that will help them make informed investment decisions.
Hopefully, after reading this article, you have a better understanding of where to look in Florida for the best investment decisions. We hope our list on Florida Airbnb demand by city will guide any investor to a profitable investment. We use reliable data to make our tools accurate for our users. If you are interested to learn more about how we will help you make faster and smarter real estate investment decisions, click here.