Tampa, Florida tops the list of US cities to invest in short – term rentals ( STR’s ) according to recent studies by Clever Real Estate and Rabu.com. The study also reveals that the Sunshine State dominates the list with 4 out of the top 10 cities in the United States to operate a short – term rental. The study uses metrics such as median sale prices, occupancy rates and changes in home values to rank US markets.
Tampa topped the list with a whopping 71.6% property value increase over the past 5 years – 55% higher than the median amount in other cities. The study revealed a 44.8% higher AIRBNB occupancy rate, 3 times the median amount of listings and a higher average revenue from AIRBNB.
The top 10 cities according to the study are:
1)Tampa, FL
2)Orlando, FL
3)Jacksonville, FL
4)Boston, MA
5)Miami, FL
6)Buffalo, NY
7)Columbus, OH
8)Chicago, IL
9)Providence, RI
9)Kansas City, MO
San Jose, California ranked as the worst city to operate a short – term rental, with a median home sale price of $1,447,995 which is more than 4 times the national average. San Jose had 76% less listings than the median and the lowest return on investment as per Rabu.com. The study showed California made up 4 out 10 of the worst places in the United States to operate an STR.
10 Worst cities according to the study are:
1)San Jose, CA
2)Birmingham, AL
3)San Antonio, TX
4)Houston, TX
5)Sacramento, CA
6)Raleigh, NC
7)Riverside, CA
8)San Francisco, CA
9)Oklahoma City, OK
10)Pittsburg, PA
