Short-Term Rental Havens: Zip Codes With Exceptional Occupancy Rates and ROI

When it comes to short-term rentals, some zip codes stand out from the rest. In this article, we'll explore the top short-term rental havens with exceptional occupancy rates and ROI, using data from short term analysis.

First, let's look at some popular cities. New York, NY, has a median sale price of $825,000, with homes staying on the market for 74 days. Los Angeles, CA, has a median price of $736,000, with homes on the market for 43 days. This difference of $89,000 in median price is significant, especially considering the average days on market.

In terms of homes sold, New York, NY, has 2381 homes sold, while Los Angeles, CA, has only 78. This disparity in homes sold highlights the challenges of the Los Angeles market. Chicago, IL, has 1134 homes sold, with a median price of $400,000. Houston, TX, has 1680 homes sold, with a median price of $355,000. Phoenix, AZ, has 1451 homes sold, with a median price of $485,000.

When comparing these cities, it's essential to consider the inventory levels. New York, NY, has an inventory of 14259, while Los Angeles, CA, has an inventory of 231. This significant difference in inventory can impact the supply and demand of the market. Chicago, IL, has an inventory of 3225, with a median price of $400,000. Houston, TX, has an inventory of 7997, with a median price of $355,000. Phoenix, AZ, has an inventory of 5604, with a median price of $485,000.

Looking at the data, we can see that New York, NY, has a median sale price of $825,000, with a median DOM of 74 days. Los Angeles, CA, has a median price of $736,000, with a median DOM of 43 days. This difference in median DOM is substantial, indicating that homes in Los Angeles are selling faster. Chicago, IL, has a median price of $400,000, with a median DOM of 48 days. Houston, TX, has a median price of $355,000, with a median DOM of 47 days. Phoenix, AZ, has a median price of $485,000, with a median DOM of 50 days.

Now, let's look at the top short-term rental havens. Sturgis, SD, has a median sale price of $369,375,000, with a median DOM of 200 days. Indian Creek, FL, has a median sale price of $79,000,000, with a median DOM of 141 days. Indian Field, CT, has a median sale price of $17,500,000, with a median DOM of 496 days. Makena, HI, has a median sale price of $17,250,000, with a median DOM of 409 days. Hillsboro Beach, FL, has a median sale price of $15,650,000, with a median DOM of 149 days.

When comparing these top short-term rental havens, it's essential to consider the market conditions. Sturgis, SD, has an affordability index of 260.6348167539267, with a demand-supply index of 0.2619047619047619. Indian Creek, FL, has an affordability index of 13166666.666666666, with a demand-supply index of null. Indian Field, CT, has an affordability index of 149572.64957264956, with a demand-supply index of null.

Based on the data, we can see that Sturgis, SD, has a median sale price of $369,375,000, with a median DOM of 200 days. Indian Creek, FL, has a median sale price of $79,000,000, with a median DOM of 141 days. Indian Field, CT, has a median sale price of $17,500,000, with a median DOM of 496 days. Makena, HI, has a median sale price of $17,250,000, with a median DOM of 409 days. Hillsboro Beach, FL, has a median sale price of $15,650,000, with a median DOM of 149 days.

For a city like New York, NY, the median sale price is $825,000 with homes typically staying on the market for 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 difference in median price is significant, especially considering the average days on market. As mentioned in short term analysis, understanding market conditions is crucial for short-term rental success.

When it comes to short-term rentals, some zip codes stand out from the rest. Using data from short term analysis, we can see that New York, NY, has a median sale price of $825,000, with a median DOM of 74 days. Los Angeles, CA, has a median price of $736,000, with a median DOM of 43 days. This difference in median DOM is substantial, indicating that homes in Los Angeles are selling faster. Chicago, IL, has a median price of $400,000, with a median DOM of 48 days. Houston, TX, has a median price of $355,000, with a median DOM of 47 days. Phoenix, AZ, has a median price of $485,000, with a median DOM of 50 days.