From theme parks, casinos, restaurants, and festivals, Florida remains a popular destination for tourists and is poised to continue drawing visitors in 2022. While the state itself is considered one of the top Airbnb locations, not every city in the Florida real estate market will see the same demand. If you are thinking of buying a vacation home in Florida and maximizing your Florida Airbnb income, it would be advisable to start by finding the best cities for Airbnb in the state.
Initially, you may want to use Mashvisor’s Real Estate Heatmap or Property Finder to help you narrow down your option from within the State of Florida to even neighborhoods within different cities when finding the right investment property for you. To identify the hottest Airbnb markets 2022, particularly the best cities for Florida Airbnb income, Mashvisor uses data and statistics of the state’s housing market in each city and neighborhood to give you a close estimate of things like what you will most likely need to spend in capital, how much your average Airbnb income will be and what return on investment you should expect within that area.
Related: 40 Best Cities for Airbnb Rental Income in 2022
How to Know Which City Airbnb Florida Will Most Likely Succeed In
Anyone in the real estate industry knows that lucrative investments start with decisions based on accurate data and reliable information, whether in the Florida housing market or that of a neighboring state. For anyone wanting to participate in Airbnb as a real estate investment strategy, it is important to note that data and statistics for traditional rentals often do not carry over to short-term rental properties.
Florida Airbnb income will differ within each city as Airbnb properties are subject to different Airbnb demand, occupancy rate, taxes, etc. – all of which will play a role in your bottom line and return on investment. While you can manually calculate for all the said metrics during your investment property analysis, veteran real estate investors all know that an Airbnb profitability calculator will not only save you time but also provide more accurate analysis in the long run.
If you want to know if your investment properties in Florida are capable of generating the highest Airbnb rental income and a good return on investment, Mashvisor offers reliable real estate data analytics software that takes into account all of the moving factors that could affect your bottom line in just a few minutes. Whether you are a beginner in the real estate market or a long-time investor, Mashvisor can help you make data-based decisions and give you confidence in your investment property.
In order to provide a comprehensive analysis, Mashvisor takes into account not only the median cost of the property and average rates per night but also factors such as Airbnb demand, Airbnb cash on cash return, Airbnb cap rate, Airbnb occupancy rate, Airbnb cash flow, Airbnb passive income based on the cities and neighborhoods historical performance.
While there are other factors in the success of an Airbnb rental, getting a comprehensive analysis of the property and location is the first step in deciding which city Airbnb will suit your real estate investment strategy the best.
Top Airbnb Locations for Florida Airbnb Income 2022
With Florida’s many tourist attractions and serene views, the state is considered one of the most visited states in the United States. With the state’s high tourism rate and 282 cities to choose from, short-term rentals and Airbnb properties in Florida are sure to thrive. Based on Mashvisor’s data, the following are the best cities for Florida Airbnb income this year:
1. Winter Springs City
- Median Property Price: $479,757
- Property Price per Square Foot: $250
- Airbnb Rental Income: $4,637
- Airbnb Cash on Cash Return: 7.67%
- Airbnb Daily Rate: $186
- Airbnb Occupancy Rate: 58%
- Days on Market: 18
2. Cantonment City
- Median Property Price: $457,883
- Property Price per Square Foot: $201
- Airbnb Rental Income: $4,938
- Airbnb Cash on Cash Return: 6.92%
- Airbnb Daily Rate: $248
- Airbnb Occupancy Rate: 60%
- Days on Market: 57
3. Sunrise City
- Median Property Price: $315,591
- Property Price per Square Foot: $244
- Airbnb Rental Income: $2,824
- Airbnb Cash on Cash Return: 5.16%
- Airbnb Daily Rate: $166
- Airbnb Occupancy Rate: 52%
- Days on Market: 80
4. Belleview City
- Median Property Price: $261,692
- Property Price per Square Foot: $177
- Airbnb Rental Income: $2,269
- Airbnb Cash on Cash Return: 5.14%
- Airbnb Daily Rate: $102
- Airbnb Occupancy Rate: 61%
- Days on Market: 64
5. Tequesta City
- Median Property Price: $954,100
- Property Price per Square Foot: $534
- Airbnb Rental Income: $6,183
- Airbnb Cash on Cash Return: 4.80%
- Airbnb Daily Rate: $347
- Airbnb Occupancy Rate: 55%
- Days on Market: 37
6. St Johns City
- Median Property Price: $509,018
- Property Price per Square Foot: $215
- Airbnb Rental Income: $3,133
- Airbnb Cash on Cash Return: 4.35%
- Airbnb Daily Rate: $161
- Airbnb Occupancy Rate: 65%
- Days on Market: 87
7. Cutler Bay City
- Median Property Price: $481,321
- Property Price per Square Foot: $234
- Airbnb Rental Income: $4,032
- Airbnb Cash on Cash Return: 4.24%
- Airbnb Daily Rate: $248
- Airbnb Occupancy Rate: 61%
- Days on Market: 53
8. Hobe Sound City
- Median Property Price: $1,199,540
- Property Price per Square Foot: $512
- Airbnb Rental Income: $7,772
- Airbnb Cash on Cash Return: 4.15%
- Airbnb Daily Rate: $192
- Airbnb Occupancy Rate: 65%
- Days on Market: 96
9. Hillsboro Beach City
- Median Property Price: $816,590
- Property Price per Square Foot: $452
- Airbnb Rental Income: $4,448
- Airbnb Cash on Cash Return: 3.87%
- Airbnb Daily Rate: $248
- Airbnb Occupancy Rate: 52%
- Days on Market: 151
10. Astor City
- Median Property Price: $480,780
- Property Price per Square Foot: $228
- Airbnb Rental Income: $2,529
- Airbnb Cash on Cash Return:3.61%
- Airbnb Daily Rate: $168
- Airbnb Occupancy Rate: 56.41%
- Days on Market: 130
11. West Palm Beach City
- Median Property Price: $550,382
- Property Price per Square Foot: $407
- Airbnb Rental Income: $2,453
- Airbnb Cash on Cash Return: 2.44%
- Airbnb Daily Rate: $232
- Airbnb Occupancy Rate: 49%
- Days on Market: 60
12. Miami City
- Median Property Price: $795,968
- Property Price per Square Foot: $519
- Airbnb Rental Income: $3,982
- Airbnb Cash on Cash Return: 2.38%
- Airbnb Daily Rate: $361
- Airbnb Occupancy Rate: 60%
- Days on Market: 141
13. Bay Harbor Islands City
- Median Property Price: $1,149,901
- Property Price per Square Foot: $602
- Airbnb Rental Income: $$4,923
- Airbnb Cash on Cash Return: 2.27%
- Airbnb Daily Rate: $361
- Airbnb Occupancy Rate: 55%
- Days on Market: 114
14. Palm Beach Gardens
- Median Property Price: $883,511
- Property Price per Square Foot: $366
- Airbnb Rental Income: $3,926
- Airbnb Cash on Cash Return: 2.04%
- Airbnb Daily Rate: $268
- Airbnb Occupancy Rate: 47%
- Days on Market: 82
15. Mexico Beach
- Median Property Price: $633,407
- Property Price per Square Foot: $351
- Airbnb Rental Income: $2,686
- Airbnb Cash on Cash Return: 1.44%
- Airbnb Daily Rate: $198
- Airbnb Occupancy Rate: 44%
- Days on Market: 148
Related: What Florida Airbnb Occupancy Rate by City Can You Expect in 2022?
With careful planning a good strategy, you can find a profitable property in one of the best cities for Airbnb Florida.
How To Choose an Airbnb Property that Stands Out from the Competition?
While knowing the best cities for Florida Airbnb income this year is a great start to your real estate investment strategy, being in a popular Airbnb city is only the first step. Investing in Airbnb can be a confusing and tedious process, with several things that need to be considered to ensure that your investment property in Florida generates a positive cash flow and high returns.
To help guide you through the process, we’ve put together a few steps on how to choose the best places to invest in real estate in Florida 2022 that will stand out even in the most Airbnb friendly cities:
1. Invest According to Your Goals
Depending on what you hope to achieve with your real estate investment on Airbnb, you will need to find an Airbnb city and property that aligns with that. If you are looking for an occasional rental throughout the year, you may not need to buy a property in the busiest parts of the city throughout the year. Instead, you can buy a vacation home in areas that attract seasonal visitors that require less initial capital while still providing you with the Florida Airbnb income you want.
On the other hand, if you are looking for the highest possible rate of return on your investment, you should look for the best rental markets in Florida that have year-long tourists and visitors to ensure a high occupancy rate and consistent Florida Airbnb income.
2. Find out the Rules and Regulations of the Airbnb City
Every Airbnb city across the country, including the cities in Florida, follows different rules and regulations. Before investing in any Airbnb city, you will need to familiarize yourself with their specific Airbnb rental policies to ensure that you are in accordance with their short-term rental laws.
For example, some areas don’t allow Airbnb rentals that are not occupied by the owner or not the primary residences. On the other hand, some cities fully allow secondary homes, investment properties, and vacation homes to be rented all year round without needing to be occupied by the owner.
3. Choose the Right Neighborhood in the City
Within a popular Airbnb city, not all neighborhoods will generate the same Florida Airbnb income. Using Mashvisor’s real estate investment tools and real estate heatmap, you can get an accurate and extensive neighborhood analysis of each city in a matter of minutes.
With the tool indicating the important investment factors like rental income, occupancy rate, and cash on cash returns, narrowing down the different areas that fit within your budget and investment goals will be easier than you think.
Related: What Is a Good Cash on Cash Return?
4. Find Properties Within Your Budget
Now that you’ve narrowed down the possible neighborhoods offering a high potential Florida Airbnb income, you will need to find listings and properties for sale within that area that fits your investment budget.
While there are many ways to find a suitable investment property, Mashvisor’s Property Finder allows you to not only find properties within a specific area and budget but also lets you search properties based on property type, property size, potential rental income, and cash on cash return.
Once you’ve added all your specifications, the real estate investment software will show you all of the available listings for you to consider.
5. Buy the Best Real Estate Property
With the different property tools, with Mashvisor’s Property Finder tool being good options, you will need to choose which specific property is right for you. While they are all excellent options for Florida Airbnb income, they will not all offer you the same amount of profits and returns.
To help you decide which property will be the most lucrative option, use Mashvisor’s Airbnb profitability calculator. Our Airbnb profitability calculator can provide you with a comprehensive investment property analysis that will give you access to Mashvisor’s Airbnb real estate analytics so that you can make the best investment decisions this year.
With a comprehensive and data-based analysis to guide your decision, you can now confidently buy your Florida Airbnb investment property and begin hosting guests on Airbnb.
The Bottom Line
The Airbnb market in Florida can be a profitable real estate investment if done right. Knowing the best 15 cities for Florida Airbnb income is just the first step. Now that you know which Florida cities are best for short-term rentals, you can use Mashvisor’s real estate investment tools to help you analyze and narrow down the best property listings that will set your Airbnb up for success this 2022. Set yourself up for Airbnb real estate today and sign up for Mashvisor now!
