Uncovering the Best Short-Term Rental Markets with High ROI Potential

When it comes to investing in short-term rentals, it's essential to focus on markets with high returns on investment (ROI). In this article, we'll explore the top cities for short-term rental investment, highlighting those with the highest estimated returns on investment.

Comparing Average Daily Rates (ADR)

Let's start by comparing the Average Daily Rates (ADR) of various cities:

• Austin, TX: $266
• Portland, OR: $242
• San Antonio, TX: $359
• Charlotte, NC: $287
• Houston, TX: $357
• Tampa, FL: $239
• Dallas, TX: $275
• Nashville, TN: $135
• Phoenix, AZ: $382
• Denver, CO: $359
• Miami, FL: $258
• Raleigh, NC: $399

As we can see, Phoenix, AZ has the highest ADR at $382, followed closely by Denver, CO and San Antonio, TX.

Comparing Occupancy Rates

Next, let's compare the occupancy rates of these cities:

• Austin, TX: 72%
• Portland, OR: 62%
• San Antonio, TX: 62%
• Charlotte, NC: 68%
• Houston, TX: 83%
• Tampa, FL: 65%
• Dallas, TX: 83%
• Nashville, TN: 61%
• Phoenix, AZ: 86%
• Denver, CO: 77%
• Miami, FL: 68%
• Raleigh, NC: 88%

Notably, Raleigh, NC has the highest occupancy rate at 88%, followed by Phoenix, AZ and Houston, TX.

Exploring ROI Potential

Now, let's dive into the estimated ROI potential of these cities:

• Austin, TX: 16.22%
• Portland, OR: 15.88%
• San Antonio, TX: 15.27%
• Charlotte, NC: 11.80%
• Houston, TX: 14.97%
• Tampa, FL: 11.90%
• Dallas, TX: 9.66%
• Nashville, TN: 17.80%
• Phoenix, AZ: 7.76%
• Denver, CO: 16.31%
• Miami, FL: 13.89%
• Raleigh, NC: 5.45%

Interestingly, Nashville, TN has the highest estimated ROI at 17.80%, followed by Denver, CO and Austin, TX.

When comparing real estate markets, it's essential to consider factors like ADR, occupancy rates, and estimated ROI potential. By doing so, investors can make informed decisions and maximize their returns.

For a city like Austin, TX, the median sale price is $N/A with homes typically staying on the market for N/A days. When comparing to another city like Portland, OR, which has a median price of $N/A, we can see a difference of $0.

Conclusion

In conclusion, the top cities for short-term rental investment are those with high ROI potential, high ADR, and high occupancy rates. By analyzing these factors, investors can make informed decisions and maximize their returns. Whether you're a seasoned investor or just starting out, it's essential to stay up-to-date on the latest market trends and insights.

For more information on short-term rental markets, be sure to check out our latest short-term rental market outlook and evolving short-term rental market trends in Utah.