Peoria emerged as the top market in the U.S. for gross yields, with affordable real estate and strengthening STR performance, as well as some local attractions.
Fairbanks – an arctic gateway destination -- showed high average revenue potential, the highest occupancy – 66% -- of all the markets examined, and strong nightly rates.
Akron, OH exhibited “sky-high listing growth showing investor interest” but a market still unsaturated and offering “vibrant attractions” as well as a firm industrial base.
Columbus, GA, was assessed as a market that generated strong cash flow and 13.4% gross yield, but with “manageable” prices and a growing nightly rate in a city with a rich history and many attractions.
Crescent City, a year-round coastal destination in California with “stunning natural beauty," has high revenue potential and gross yield, as well as growing demand, though the home prices are higher.
Shreveport is seeing improving occupancy rates that are increasing revenue per available room (RevPAR) as growing numbers of tourists flock to its riverboat casinos and festivals.
Page, AZ, home to iconic landmarks, has one of the highest average daily rates of all the markets examined at more than $300, and the second-highest RevPAR, resulting in strong cash flow, but few properties for sale.
Rockford, IL., noted as “a charming destination, has affordable home prices and strong STR performance that produces solid gross yields and steady cash flow and has seen a 27% increase in Airbnb listings.
Dayton, OH is attracting many travelers with demand driving an 8.1% increase in RevPAR in the past year and yielding strong cash flow opportunities.
Frankfort, KY, a home of fine bourbon, saw a 64.7% rise in STR listings last year, resulting in solid RevPAR growth and rising occupancy rates.

Instant Insights /

Top 10 Cities for Short-Term Rental Investments

Related Stories

Recommended For You