Last updated: September 2024
Investing in short-term rentals (STRs) in markets with a high number of active listings can offer strong investment opportunities due to the established demand and competitive environment. These markets provide robust investment potential along with a variety of tourist attractions.
Our latest tool, Chalet Intel, provides comprehensive insights and strategies tailored to investors at all experience levels. It includes a calculator, regulation overview, and much more for each market discussed. Links will be provided for each market, allowing you to conduct a more detailed analysis on your own.
1. Sevierville, Tennessee
Sevierville, TN, offers attractions like Dollywood and numerous outdoor activities, making it a favored destination for families and adventure seekers.
Sevierville has seen a 2.60% increase in home values, with the average price at $369,668. The market boasts an ADR of $222.00 and an occupancy rate of 66%, leading to an annual revenue of $51,755 from 9,828 active rentals. The gross yield is 11.67%, with a cap rate of 7.00%.
For more details on Sevierville’s market, refer to Chalet Intel. Our platform offers comprehensive data and tools for making informed investment decisions.
2. Savannah, Georgia
Savannah, GA, boasts historic districts, beautiful parks, and a vibrant arts scene. Highlights include Forsyth Park, River Street, and numerous historic homes and museums.
Savannah has seen a notable increase in home values by 10.50%, with the average price reaching $307,925. With an ADR of $216.00 and an occupancy rate of 67%, the annual revenue is $57,045 from 3,217 active rentals. The gross yield is 15.44%, and the cap rate is 9.26%.
To delve deeper into Savannah’s investment potential, check out Chalet Intel.
3. Broken Bow, Oklahoma
Broken Bow, OK, has seen a modest decline in home values by -1.70%, with the average home price at $296,750. This market shows promise with an ADR of $315.00 and an occupancy rate of 42%, generating annual revenues of $55,324 from 3,423 active rentals. The gross yield here is 15.54%, with a cap rate of 9.32%.
Discover more about investing in Broken Bow through Chalet Intel. It includes a calculator, regulation overview, and much more.
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4. New Orleans, Louisiana
New Orleans, LA, offers a unique blend of music, cuisine, and vibrant festivals, such as Mardi Gras, making it a perennial favorite among tourists.
New Orleans has experienced a decline in home values by -7.10%, with the average price at $241,369. The city’s ADR is $169.00, with an occupancy rate of 60%, leading to an annual revenue of $36,925 from 7,017 active listings. The gross yield is 12.75%, and the cap rate is 7.65%.
To explore investment opportunities in New Orleans, visit Chalet Intel. Our guides offer the knowledge and tools you need to make informed decisions and maximize your returns.
5. Corpus Christi, Texas
Corpus Christi, TX, known for its beautiful beaches and attractions like the Texas State Aquarium and the USS Lexington, is a popular destination for beachgoers and history buffs alike.
Corpus Christi has experienced a slight increase in home values by 0.40%, with the average price at $214,380. The ADR is $169.00, with an occupancy rate of 52%, generating annual revenues of $30,634 from 1,923 active rentals. Even though this number is slightly below our threshold, we have decided to include this market in our list, due to its investment appeal. The gross yield is 11.91%, with a cap rate of 7.15%.
Check out our Corpus Christi Airbnb Investor Guide for a deeper dive into our analysis of this short-term rental market or visit Corpus Christi Rental Regulations to explore the Airbnb laws and regulations.
6. Charleston, South Carolina
Charleston, SC, known for its rich history, well-preserved architecture, and vibrant culinary scene, is a top coastal destination in the southern United States.
Charleston has seen a notable increase in home values by 5.00%, with the average price reaching $350,000. With an ADR of $250.00 and an occupancy rate of 60%, the annual revenue is $54,750 from 2,000 active rentals. The gross yield is 10.86%, and the cap rate is 6.00%.
To delve deeper into Charleston’s investment potential, check out Chalet Intel. Our platform offers comprehensive data and tools for making informed investment decisions.
