A new report from AirDNA reveals that small cities and rural areas across the US are presenting better investment opportunities for short-term rentals compared to popular tourist destinations. The report analyzed over 540,000 properties and found a 16% increase in investment potential in these less-traveled locations.
business in buzzy destinations like Destin, Florida or Vail, Colorado has a lot of appeal, but a new report says that some of the small and mid-sized cities across America might be the better place to start.released a report that ranks the best places to invest in short-term rentals and it found that small cities and rural areas saw a 16% increase in"You have to look at the geographic diversity," Jamie Lane, SVP of Analytics and Chief Economist at AirDNA, tells CNBC Make It.
"As you dig into these best places to invest, they tend to be areas without a lot of hotel inventory," Lane said. "We've seen occupancies or average daily rates that short-term rentals can earn continue to increase as people look for new areas to travel to." It also has the highest property taxes in the country compared to the market value of homes, according to a 2024The median amount spent in property taxes for owner-occupied homes was $4,455 a year and the median home value in Peoria was $168,900.Walter Bibikow | Digitalvision | Getty Images
Travel SHORT-TERM RENTALS INVESTING REAL ESTATE TRAVEL DESTINATIONS SMALL CITIES
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