When it comes to owning a vacation rental, location matters. There are various factors you need to keep in mind if you plan on investing in a potential Airbnb. Occupancy rates and local rules and regulations are definitely things you want to think about before choosing a location. Here are some of the best cities in the US to consider for your next real estate investment.
- Nashville, Tennessee
Known as the “Music City,” Nashville has become a top tourist destination in recent years. Its thriving music scene, vibrant culture, and steady stream of events make it an ideal place for an Airbnb investment. Consider properties in neighborhoods like East Nashville, The Gulch, or 12South for the best returns.
- Austin, Texas
Austin’s reputation as a hub for tech, music, and food festivals is drawing more visitors each year. With a strong job market and a bustling downtown, Austin offers excellent potential for Airbnb hosts. Look for properties in neighborhoods such as South Congress, Zilker, or East Austin for steady bookings.
- New Orleans, Louisiana
New Orleans has a unique and vibrant culture that attracts tourists from all over the world. Its famous festivals, cuisine, and live music scene make it a prime spot for Airbnb investments. Properties in the French Quarter, Marigny, or Bywater tend to be popular choices.
- Savannah, Georgia
Savannah’s charming historic district, picturesque parks, and southern hospitality make it a hidden gem for Airbnb investors. Owning a property in the Historic District or Victorian District can provide a steady stream of guests, especially during the city’s numerous festivals and events.
- Asheville, North Carolina
Nestled in the Blue Ridge Mountains, Asheville is a haven for nature lovers, foodies, and art enthusiasts. Its eclectic vibe and outdoor activities make it an excellent choice for an Airbnb property. Look for homes in neighborhoods like West Asheville, Montford, or Biltmore Village.
- San Diego, California
San Diego’s pleasant climate, beautiful beaches, and family-friendly attractions ensure a steady flow of tourists year-round. Areas like Pacific Beach, Mission Beach, and the Gaslamp Quarter offer attractive investment opportunities.
- Denver, Colorado
Denver’s thriving economy and proximity to outdoor adventures in the Rockies make it an appealing destination. The RiNo Arts District, Capitol Hill, and Highland neighborhoods are popular among Airbnb guests seeking a unique urban experience.
- Charleston, South Carolina
Charleston’s historic charm, cobblestone streets, and renowned cuisine attract travelers interested in its rich history. Owning an Airbnb property in the historic downtown area or the charming neighborhoods of Mount Pleasant and Folly Beach can be a smart investment.
Choosing the right location is one of the most important decisions you’ll have to make for your Airbnb investments. With these cities in mind, you can narrow your search and start the process of purchasing a short-term rental. Be sure to research each market as much as you can before making a decision. This way, you will be able to estimate how much income you can expect to bring in from your property.