Urban Oasis: Zip Codes With Highest Short-Term Rental Returns

Real estate investors and property managers often seek areas with high short-term rental returns. In this analysis, we'll explore zip codes with the highest returns, comparing median prices, homes sold, and days on market. We'll examine cities like New York, NY, Los Angeles, CA, and others, using data from our latest research.

Median Prices: A Key Indicator

When comparing real estate markets, median price is a crucial indicator. For instance, in New York, NY, the median sale price is $825,000, with homes typically staying on the market for 74 days. In contrast, Los Angeles, CA, has a median price of $736,000 and a shorter days on market average of 43 days.

Another city to consider is Chicago, IL, where the median sale price is $400,000, and homes stay on the market for 48 days. Houston, TX, has a median price of $355,000 and a 47-day average days on market.

Short-Term Rental Performance: Key Metrics

When evaluating short-term rental performance, we consider key metrics like homes sold and days on market. For example, in San Antonio, TX, only 25 homes were sold in the given period, with an average of 79 days on market. In contrast, San Diego, CA, saw 255 homes sold, with an average of 30 days on market.

Looking at other cities, we see that Sturgis, SD, had only 1 home sold, with an average of 200 days on market. Meanwhile, Indian Creek, FL, had 1 home sold, with an average of 141 days on market.

Comparing City Performance

Comparing city performance, we see that San Antonio, TX, had the lowest number of homes sold, while San Diego, CA, had the highest. In terms of days on market, Sturgis, SD, had the longest average, while San Diego, CA, had the shortest.

Our data suggests that San Antonio, TX, may be a less competitive market for short-term rentals, while San Diego, CA, is a more competitive market. This information can help investors and property managers make informed decisions about their investments.

Short-term rental heatmaps can help identify the most profitable locations.

When considering short-term rental investments, it's essential to analyze local market trends and competition. By using data-driven insights, you can make informed decisions about your investments and maximize returns.

Top Performing Zip Codes

Based on our analysis, some of the top-performing zip codes include:

• New York, NY: $825,000 median sale price, 2381 homes sold, 74 days on market

• Los Angeles, CA: $736,000 median sale price, 78 homes sold, 43 days on market

• Chicago, IL: $400,000 median sale price, 1134 homes sold, 48 days on market

• Houston, TX: $355,000 median sale price, 1680 homes sold, 47 days on market

• Phoenix, AZ: $485,000 median sale price, 1451 homes sold, 50 days on market

These zip codes offer high returns and relatively short days on market, making them attractive for short-term rental investors. However, it's crucial to evaluate local market conditions and competition before making any investment decisions.

Conclusion

In conclusion, our analysis of short-term rental markets reveals key insights for investors and property managers. By evaluating median prices, homes sold, and days on market, you can identify top-performing zip codes and make informed decisions about your investments. Remember to consider local market trends and competition to maximize returns.

For more information on short-term rental markets, visit our short-term rental market outlook page.

Additionally, our top 10 short-term rental markets in Virginia offer valuable insights for those looking to invest in the area.

Top 6 Short-Term Rental Markets in the US

• 1. New York, NY: $825,000 median sale price, 2381 homes sold, 74 days on market

• 2. Los Angeles, CA: $736,000 median sale price, 78 homes sold, 43 days on market

• 3. Chicago, IL: $400,000 median sale price, 1134 homes sold, 48 days on market

• 4. Houston, TX: $355,000 median sale price, 1680 homes sold, 47 days on market

• 5. Phoenix, AZ: $485,000 median sale price, 1451 homes sold, 50 days on market

• 6. San Diego, CA: $656,542 median sale price, 255 homes sold, 30 days on market

These top 6 short-term rental markets offer high returns and relatively short days on market, making them attractive for investors. However, it's essential to evaluate local market conditions and competition before making any investment decisions.