Airbnb has become a popular option for travelers looking for a unique and affordable accommodation experience. With the rise of Airbnb, many investors have started to see the potential of investing in properties specifically for the purpose of renting them out on Airbnb. In this article, we will explore the top 5 cities to invest in with Airbnb in America.
1. Nashville, Tennessee
Nashville is known for its vibrant music scene, delicious food, and friendly locals. It is also a popular tourist destination, with over 15 million visitors per year. This makes it an ideal city for Airbnb investors. According to AirDNA, the average nightly rate for an Airbnb in Nashville is $196, and the occupancy rate is 68%. This means that investors can expect to earn a healthy return on their investment.
2. New Orleans, Louisiana
New Orleans is a city rich in history and culture. It is famous for its music, food, and Mardi Gras celebrations. The city is also a popular destination for tourists, with over 18 million visitors per year. According to AirDNA, the average nightly rate for an Airbnb in New Orleans is $183, and the occupancy rate is 66%. This makes it a great city for investors looking to earn a steady income from their Airbnb property.
3. Austin, Texas
Austin is known for its live music scene, delicious food, and outdoor activities. It is also home to several major festivals, including South by Southwest and Austin City Limits. According to AirDNA, the average nightly rate for an Airbnb in Austin is $181, and the occupancy rate is 64%. This makes it a great city for investors looking to earn a steady income from their Airbnb property.
4. San Diego, California
San Diego is a popular tourist destination, known for its beautiful beaches, sunny weather, and family-friendly attractions. According to AirDNA, the average nightly rate for an Airbnb in San Diego is $205, and the occupancy rate is 62%. This makes it a great city for investors looking to earn a higher return on their investment.
5. Denver, Colorado
Denver is a city known for its outdoor activities, craft beer scene, and proximity to the Rocky Mountains. It is also a popular destination for business travelers. According to AirDNA, the average nightly rate for an Airbnb in Denver is $171, and the occupancy rate is 63%. This makes it a great city for investors looking to earn a steady income from their Airbnb property.
In conclusion, investing in Airbnb properties can be a lucrative opportunity for investors. By choosing the right city, investors can earn a healthy return on their investment. Airbnb has become a popular way for travelers to find affordable and unique accommodations. But it’s not just travelers who are benefiting from Airbnb – many property owners are using the platform to earn extra income by renting out their homes or apartments.