To determine the best Airbnb city of 2024, Clever Real Estate
partnered with short-term rental data provider Rabbu to crunch
the numbers for the 50 biggest metro areas in the U.S.
ST.
LOUIS, May 7, 2024 /PRNewswire/ -- Tampa, Florida, is the best city to invest in
short-term rentals, while San Jose,
California, is the riskiest short-term rental market in
America, according to a new study from Clever Real Estate, a
St. Louis-based real estate
company, in collaboration with Rabbu.com, a Charlotte-based short term rental investment
platform.
The study analyzed metrics such as median home prices, occupancy
rates, and changes in property values to rank Airbnb investment
markets across the U.S.
Tampa stands out with a 71.6%
property value increase over the past five years — 55% higher than
the median city in the study. The metro area boasts 16,020 property
listings, triple the median, a 44.8% Airbnb occupancy rate, and
$52,705 average annual Airbnb
revenue.
The top 10 cities to invest in short-term rentals are:
- Tampa, FL
- Orlando, FL
- Jacksonville, FL
- Boston, MA
- Miami, FL
- Buffalo, NY
- Columbus, OH
- Chicago, IL
- Providence, RI
- Kansas City, MO
Meanwhile, San Jose is the
worst short-term rental city, with a median home sale price of
$1,447,955, more than four times the
average. San Jose has just 1,296
listed properties, a whopping 76% less than the median, leading to
the lowest Rabbu return on investment score in the nation.
The 10 worst short-term rental markets are:
- San Jose, CA
- Birmingham, AL
- San Antonio, TX
- Houston, TX
- Sacramento, CA
- Raleigh, NC
- Riverside, CA
- San Francisco, CA
- Oklahoma City, OK
- Pittsburgh, PA
Additionally, Clever surveyed 1,000 Americans and found that 76%
have a positive view of Airbnbs. About 60% say short-term rentals
are nicer than hotels, and 67% say they're more comfortable.
However, nearly all respondents (96%) saw downsides to
short-term rentals, including misleading property descriptions, a
lack of on-site help, and safety concerns.
Only 44% see Airbnbs as safer than hotels, a concern likely
amplified by increasing crime rates.
Read the full report at:
https://listwithclever.com/research/best-short-term-rental-markets
About Clever Real Estate
Clever Real Estate is a technology company that produces
educational real estate content reaching over 10 million readers
annually, and its nationwide agent matching service has a 5.0-star
Trustpilot rating across 2,300+ customer reviews. Since launching
in 2017, Clever has reached $8.5
billion in real estate sold, matched 100,000+ customers with
realtors, and saved consumers over $160
million on commission fees. Clever's network spans 19,000
agents across all 50 states.
About Rabbu
Rabbu is revolutionizing the short-term rental market by
empowering investors with advanced, data-driven tools. Rabbu's
platform simplifies researching, buying, and selling short-term
rentals, offering free market and property data to over 1 million
users. In addition, Rabbu connects investors with a dedicated
network of top-tier agents and lenders to help short-term rental
investors reach their goals.
CONTACT:
Alyssa Evans
Clever Real Estate
377197@email4pr.com
315-690-1518
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SOURCE Clever Real Estate