Learn if you live in one of the best cities for Airbnb and how to capitalize on that opportunity.
Is your town the perfect place for an Airbnb? Renting a space on Airbnb has emerged as a desirable alternative to traditional hotels. They’re more home-like than hotel rooms. They have more variety. They feel like home to travelers. And best of all, hosts that rent their homes on Airbnb have made some significant income in the process.
Are you thinking about renting your home on Airbnb? If you’re lucky, you live in a location where your rental can bring in some significant profits. As with any real estate investment, your success hinges on location, location, location. If you’re living in one of the best cities for Airbnb rentals, you can make some decent cash from renting your home. Even better – take it a step further and buy an Airbnb investment property in one of the following cities and watch your income soar.
How does your location stack up? Keep reading to learn the best cities for Airbnb.
Our Picks for Best Cities for Airbnb:
Palm Spring, CA
Not only does this destination boast warm and sunny temperatures year round, it also plays home to Coachella, one of the largest music festivals in the world. If you live in this area or are looking to purchase an investment property here, you’ve hit the Airbnb jackpot.
The great thing about Nashville is that it’s a popular spot for group travel. Bachelorette and Bachelor parties love this place and are looking for large homes for long weekends. If you live in Nashville or are looking to invest in this area, maximizing your guest count while providing proximity to the city center is key.
This charming historic town has a lot going for it: delicious fresh seafood, waterfront views, and buildings as old as our country. It’s a popular place for upscale weddings, romantic getaways, Spring Break, and one-nighters waiting to board their cruise ship that leaves from the local port. The closer you can get to historic Charleston, the better chance you have of keeping a full roster.
Properties are cheap to buy here, plus Madrid is seriously lacking in the hotel scene. This is the perfect combination for Airbnb success, giving you an easy in to the market. Unlike Paris, Madrid isn’t oversaturated with investors, so there’s plenty of opportunity for you to make a lucrative income.
One of the most visited cities in Europe, London Airbnb rentals can fetch a pretty penny. One London landlord with nearly 900 properties in the market made a whopping £12 million in a single year. This is an extreme case, of course, but it’s a great demonstration of the potential with Airbnb.
Other, lesser-known cities with tons to do year-round are also great places to have an Airbnb. As global and domestic travel become less expensive, people want to visit areas that are more remote or adventurous. If you live or invest in a city with great restaurants, fun stores, fantastic hiking in the summer, and great skiing in the winter, you have the perfect recipe for a successful year-round Airbnb rental property.
The Worst Places for Airbnb Rentals
Despite their size and general popularity, cities like Los Angeles, New York, and Chicago aren’t great locations for an Airbnb investment. These cities had hundreds of renters sign up for Airbnb early and caused some stiff competition as a result. However, as these cities expand, renting a house in the suburbs is becoming a better option.
Pro tip: Ready to purchase your own Airbnb investment property? Learn more here!
Become an Airbnb Pro
If you do live in one of the best cities for Airbnb and end up renting your home, make sure to use Hosty to make the most of it! Hosty is the professional vacation rental management software that makes it easy to be an Airbnb pro! Use our innovative software to organize your listings, communicate with guests, and help make your Airbnb business a success.
Ready to get started? Try Hosty for free today!