Short-Term Rental Revenue: The Top Markets for Maximum ROI
In this analysis, we will be exploring the top markets for short-term rental revenue. Data from various cities across the United States reveals that some cities are thriving in the short-term rental market, generating significant revenue for property investors.
Top Short-Term Rental Markets by Average Daily Rate (ADR)
According to the data, the top short-term rental markets by average daily rate (ADR) are:
- Indio, CA with an ADR of $857.67
- Palm Springs, CA with an ADR of $547
- Palm Desert, CA with an ADR of $630.5
- Shasta, CA with an ADR of $266.67
- Rancho Mirage, CA with an ADR of $507.2
- Bay City, TX with an ADR of $136.83
- Mulberry, SC with an ADR of $529
- Solana, FL with an ADR of $290.31
- Robinhood, MS with an ADR of $105
- Ocala Estates, FL with an ADR of $182
- Ventura, IA with an ADR of $375
- Benton Heights, MI with an ADR of $118.75
- Riviera Beach, FL with an ADR of $858
- Long Hill, CT with an ADR of $160
- Beverly Beach, FL with an ADR of $552.5
Top Short-Term Rental Markets by Occupancy Rate
When comparing occupancy rates, we can see that some cities have a higher occupancy rate than others. For example:
- Indio, CA has an occupancy rate of 61.17%
- Palm Springs, CA has an occupancy rate of 70%
- Palm Desert, CA has an occupancy rate of 71.5%
- Shasta, CA has an occupancy rate of 56.67%
- Rancho Mirage, CA has an occupancy rate of 64.07%
- Bay City, TX has an occupancy rate of 39.5%
- Mulberry, SC has an occupancy rate of 30%
- Solana, FL has an occupancy rate of 45.92%
- Robinhood, MS has an occupancy rate of 53%
- Ocala Estates, FL has an occupancy rate of 75%
- Ventura, IA has an occupancy rate of 27%
- Benton Heights, MI has an occupancy rate of 25%
- Riviera Beach, FL has an occupancy rate of 90%
- Long Hill, CT has an occupancy rate of 45%
- Beverly Beach, FL has an occupancy rate of 80%
Comparison of Average Daily Rates and Occupancy Rates
When comparing the average daily rate and occupancy rate for each city, we can see that some cities have a higher ADR and occupancy rate than others. For example:
- Indio, CA has an ADR of $857.67 and an occupancy rate of 61.17%
- Palm Springs, CA has an ADR of $547 and an occupancy rate of 70%
- Palm Desert, CA has an ADR of $630.5 and an occupancy rate of 71.5%
- Shasta, CA has an ADR of $266.67 and an occupancy rate of 56.67%
- Rancho Mirage, CA has an ADR of $507.2 and an occupancy rate of 64.07%
Insights from the Data
The data provides valuable insights into the short-term rental market. For example:
- The top short-term rental markets by ADR are in California, indicating that the state is a popular destination for tourists and travelers.
- The occupancy rates in California are also high, indicating that the state has a strong demand for short-term rentals.
- Florida is also a popular destination for short-term rentals, with high occupancy rates and average daily rates.
Conclusion
In conclusion, the data provides valuable insights into the short-term rental market. The top short-term rental markets by ADR and occupancy rate are located in California and Florida. The data can be used to inform investment decisions and provide valuable insights into the short-term rental market.
Related Reading
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