Uncovering the ADR Advantage: Cities With Highest Short-Term Rental Daily Rates
In this analysis, we'll explore the top cities for short-term rental daily rates and their potential for high returns. We'll examine the data from the city_st_details dataset, which provides insights into various cities' performance in the short-term rental market.
ADR Advantage Cities
The data reveals that cities like Phoenix, AZ, have a mean daily rate (ADR) of $510.34, while cities like Bay City, TX, have an ADR of $136.83. Another city, Mulberry, SC, boasts an ADR of $529, while Solana, FL, has an ADR of $290.31. Meanwhile, Robinhood, MS, has an ADR of $105, and Ocala Estates, FL, has an ADR of $182. Additionally, Ventura, IA, has an ADR of $375, and Benton Heights, MI, has an ADR of $118.75. Riviera Beach, FL, has a significantly higher ADR of $858, and Long Hill, CT, has an ADR of $160. Lastly, Beverly Beach, FL, has an ADR of $552.5.
When comparing occupancy rates, we see that Phoenix, AZ, has an average occupancy rate of 69.85%, while Bay City, TX, has an occupancy rate of 39.5%. Mulberry, SC, has an occupancy rate of 30%, and Solana, FL, has an occupancy rate of 45.92%. Robinhood, MS, has an occupancy rate of 53%, and Ocala Estates, FL, has an occupancy rate of 75%. Ventura, IA, has an occupancy rate of 27%, and Benton Heights, MI, has an occupancy rate of 25%. Riviera Beach, FL, has an occupancy rate of 90%, and Long Hill, CT, has an occupancy rate of 45%. Beverly Beach, FL, has an occupancy rate of 80%. For more detailed information, check out our short term analysis.
According to our short-term rental market outlook, these cities are poised for significant growth in the coming years. We'll delve deeper into the data to understand what drives these trends and how they impact the short-term rental market.
In terms of revenue, Phoenix, AZ, has a mean annual revenue of $135,947.83, while Bay City, TX, has a mean annual revenue of $14,212.92. Mulberry, SC, has a mean annual revenue of $57,925, and Solana, FL, has a mean annual revenue of $52,285.23. Robinhood, MS, has a mean annual revenue of $20,312, and Ocala Estates, FL, has a mean annual revenue of $49,968.5. Ventura, IA, has a mean annual revenue of $36,956, and Benton Heights, MI, has a mean annual revenue of $10,011. Meanwhile, Riviera Beach, FL, has a mean annual revenue of $281,853, and Long Hill, CT, has a mean annual revenue of $29,754.5. Lastly, Beverly Beach, FL, has a mean annual revenue of $152,953.5.
Our analysis reveals that the top-performing cities in terms of ADR are Riviera Beach, FL, with an ADR of $858, followed closely by Beverly Beach, FL, with an ADR of $552.5. Phoenix, AZ, has the third-highest ADR at $510.34, followed by Mulberry, SC, with an ADR of $529. Solana, FL, has an ADR of $290.31, while Robinhood, MS, has an ADR of $105. Ocala Estates, FL, has an ADR of $182, and Ventura, IA, has an ADR of $375. Benton Heights, MI, has an ADR of $118.75, and Long Hill, CT, has an ADR of $160. For more detailed information, check out our cities short analysis.
Comparing Cities
When comparing the median sale price of these cities, we see that Phoenix, AZ, has a median sale price of $N/A, while Bay City, TX, has a median sale price of $N/A. Mulberry, SC, has a median sale price of $N/A, and Solana, FL, has a median sale price of $N/A. Robinhood, MS, has a median sale price of $N/A, and Ocala Estates, FL, has a median sale price of $N/A. Ventura, IA, has a median sale price of $N/A, and Benton Heights, MI, has a median sale price of $N/A. Riviera Beach, FL, has a median sale price of $N/A, and Long Hill, CT, has a median sale price of $N/A. Lastly, Beverly Beach, FL, has a median sale price of $N/A.
Our analysis also reveals that the top-performing cities in terms of occupancy rate are Riviera Beach, FL, with an occupancy rate of 90%, followed closely by Ocala Estates, FL, with an occupancy rate of 75%. Phoenix, AZ, has the third-highest occupancy rate at 69.85%, followed by Beverly Beach, FL, with an occupancy rate of 80%. Mulberry, SC, has an occupancy rate of 30%, and Solana, FL, has an occupancy rate of 45.92%. Robinhood, MS, has an occupancy rate of 53%, and Ventura, IA, has an occupancy rate of 27%. Benton Heights, MI, has an occupancy rate of 25%, and Long Hill, CT, has an occupancy rate of 45%. For more detailed information, check out our short term analysis.
In terms of revenue, Phoenix, AZ, has a mean annual revenue of $135,947.83, while Bay City, TX, has a mean annual revenue of $14,212.92. Mulberry, SC, has a mean annual revenue of $57,925, and Solana, FL, has a mean annual revenue of $52,285.23. Robinhood, MS, has a mean annual revenue of $20,312, and Ocala Estates, FL, has a mean annual revenue of $49,968.5. Ventura, IA, has a mean annual revenue of $36,956, and Benton Heights, MI, has a mean annual revenue of $10,011. Meanwhile, Riviera Beach, FL, has a mean annual revenue of $281,853, and Long Hill, CT, has a mean annual revenue of $29,754.5. Lastly, Beverly Beach, FL, has a mean annual revenue of $152,953.5.
Conclusion
In conclusion, our analysis reveals that the top-performing cities in terms of ADR are Riviera Beach, FL, and Beverly Beach, FL, with ADRs of $858 and $552.5, respectively. Phoenix, AZ, has the third-highest ADR at $510.34, followed by Mulberry, SC, with an ADR of $529. Solana, FL, has an ADR of $290.31, while Robinhood, MS, has an ADR of $105. Ocala Estates, FL, has an ADR of $182, and Ventura, IA, has an ADR of $375. Benton Heights, MI, has an ADR of $118.75, and Long Hill, CT, has an ADR of $160. When comparing occupancy rates, Riviera Beach, FL, has the highest occupancy rate of 90%, followed closely by Ocala Estates, FL, with an occupancy rate of 75%. Phoenix, AZ, has the third-highest occupancy rate at 69.85%, followed by Beverly Beach, FL, with an occupancy rate of 80%. Our analysis also reveals that these cities have significant potential for growth in the short-term rental market.
