Growth Spurts: Cities Where Short-Term Rental Occupancy Rates Are Surging

Cities with the Highest Short-Term Rental Occupancy Rates

Tampa, FL tops the list with a mean occupancy rate of 84%, followed closely by Seattle, WA at 83%.

• Tampa, FL: 84% - With an average daily rate (ADR) of $220 and a total of 344 listings
• Seattle, WA: 83% - With an ADR of $245 and a total of 782 listings
• Austin, TX: 85% - With an ADR of $264 and a total of 960 listings
• Nashville, TN: 67% - With an ADR of $244 and a total of 1043 listings

Denver, CO follows with a mean occupancy rate of 74%, while Phoenix, AZ trails behind with a mean occupancy rate of 68%.

It's worth noting that the estimated return on investment (ROI) for Tampa, FL is 15.43%, while for Denver, CO, it's 14.12%.

Short-Term Rental Market Trends in Top Cities

According to the short-term rental market outlook, cities with high occupancy rates tend to have a strong demand for short-term rentals.

For example, the median sale price in Tampa, FL is $N/A with homes staying on the market for N/A days.

When comparing to another city in the data, CO, which has a median price of $N/A, we can see a difference of $0.

Cities with the Lowest Short-Term Rental Occupancy Rates

On the other hand, cities like Nashville, TN and Austin, TX have occupancy rates below 70%.

• Nashville, TN: 67% - With an ADR of $244 and a total of 1043 listings
• Austin, TX: 68% - With an ADR of $385 and a total of 264 listings

However, Austin, TX has a higher ADR of $385 with a total of 264 listings.

It's also worth noting that the estimated ROI for Nashville, TN is 11.44% and for Austin, TX is 10.07%.

Short-Term Rental Regulations and Laws

According to the short-term rental regulations vs hotel licensing guide, hosts need to be aware of the regulations in each city.

In cities like Denver, CO and Austin, TX, hosts are required to obtain a license to operate a short-term rental.

For example, in Denver, CO, the estimated ROI is 14.12% with a mean occupancy rate of 74%.

Using short-term rental heatmaps can help hosts identify the most profitable locations.

Conclusion

Short-term rental occupancy rates are surging in cities like Tampa, FL, Seattle, WA, and Austin, TX.

However, cities like Nashville, TN and Phoenix, AZ have lower occupancy rates.

When choosing a city to invest in, it's essential to consider the short-term rental market trends, regulations, and laws.