The Rise of Short-Term Rentals in the US Real Estate Market

In recent years, the short-term rental market has experienced significant growth, with many cities seeing a surge in demand for vacation homes and short-term rentals. As we delve into the data, it's clear that certain cities are leading the way in terms of short-term rental popularity and profitability.

According to our data, cities like New York, NY, Los Angeles, CA, and Chicago, IL, are among the top short-term rental markets in the US. New York, for instance, has a median sale price of $825,000 with homes staying on the market for an average of 74 days.

When comparing to Los Angeles, CA, which has a median price of $736,000, we can see a difference of $89,000. This highlights the importance of understanding local market trends and pricing when investing in short-term rentals.

In terms of homes sold, New York, NY, leads the pack with 2,381 homes sold in the past year, followed closely by Los Angeles, CA, with 78 homes sold.

Another factor to consider is the number of homes available for short-term rental. According to our data, New York, NY, has a total of 14,259 homes available, while Los Angeles, CA, has a significantly lower number of 231 homes available.

For a more in-depth analysis, check out our article on the top cities where short-term rentals are outpacing hotels in 2025.

Looking at the data, it's clear that certain cities are well-positioned for growth in the short-term rental market. For example, cities like San Antonio, TX, and San Diego, CA, have seen significant growth in recent years, with median prices increasing by $189,000 and $656,542, respectively.

On the other hand, cities like Sturgis, SD, and Indian Creek, FL, have seen a decrease in median prices, with $369,375,000 and $79,000,000, respectively.

When it comes to days on market, cities like San Jose, CA, and Dallas, TX, have seen a significant decrease in days on market, with an average of 23 and 58 days, respectively.

For more information on short-term rental trends and insights, check out our article on short-term rental market outlook.

Overall, the short-term rental market is a complex and ever-changing landscape. By analyzing the data and staying up-to-date on market trends, investors can make informed decisions and capitalize on opportunities in this growing market.

For a comprehensive guide to short-term rental markets in Virginia, check out our article on top 10 short-term rental markets in Virginia.

And for a deeper dive into the rise of boutique short-term rentals, check out our article on boutique short-term rentals.