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Top 5 Places Airbnb Hosts are Investing in 2022

By February 1, 2022May 31st, 2022Uncategorized

Airbnb hosts took a hit in 2020 when the pandemic took place and simultaneously changed the economy as we knew it. Only a few months into 2022, rental properties have reached higher percentages of profit and success than pre-pandemic numbers.

This makes it a lucrative time to be investing in rental properties! Let’s take a look at the top 5 cities in the U.S. that are hot markets to invest in this year:

#1: MAUI, HAWAII

Hawaii will always be one of the top places to travel to in the U.S.

Maui makes number one on the list being known for its radiant beach views, stunning golden hour, and of course the famous Road to Hana – there is a high demand for travel!

According to Zillow, March 2021 to March 2022, the home value in Maui went up 22.2%. In terms of rental properties, this is great news for airbnb hosts and aspiring investors.

If you are looking to invest local to Maui, HI, here are some important metrics according to AirDna:

  • Typical Home Value of $802,000

  • Occupancy Rate: 73%

  • Average Daily Rate: $375

  • Average Yearly Revenue: $102,000

#2: KENAI PENINSULA, ALASKA

Nope, not a magical beach view or famous golden hour, but this particular spot is known for having some of the best salmon and halibut fishing in the world.

Overflowing with incredible wildlife, tourists travel to Alaska year around for the outdoor adventures ‘The Last Frontier’ State has to offer.

Before the pandemic, the occupancy rate in this area during the peak season of summertime was around 60%. During the summer of 2021, the occupancy rate was 80%. What a significant difference in ROI for airbnb hosts!

Now let’s get into the numbers. According to Airdna:

  • Typical Home Value of $237,000

  • Occupancy Rate: 67%

  • Average Daily Rate: $262

  • Average Yearly Revenue: $44,000

#3: CHATTANOOGA, TENNESSEE

Famous for its sweet southern charm blended with the laid back outdoor adventures, Chattanooga is sure to be an unforgettable experience for guests seeking short term vacation rentals. The two most visited attractions being the Tennessee Aquarium and Lookout Mountain, hosts are bringing in a balanced ROI here. Check it out:

According to Airdna:

  • Typical Home Value of $258k

  • Occupancy Rate: 70%

  • Average Daily Rate: $180

  • Average Yearly Revenue: $47,000

#4: JOSHUA TREE, CALIFORNIA

This California high desert is known for its spiritual presence and nature. You’ll find tons of spots in Joshua Tree to go camping (or glamping, if that’s your thing!), hiking, rock climbing, or joining in on a relaxing retreat experience.

If you’re a host looking to invest in more properties in 2022, Joshua Tree is an excellent option. Check out these stats via Airdna;

  • Typical Home Value of $342,000

  • Occupancy Rate: 66%

  • Average Daily Rate: $327

  • Average Yearly Revenue: $85,000

#5: KEY WEST, FLORIDA

Key West is particularly known for its nightlife, water sports, and of course – the stunning white sand beaches! Tourists go to visit shops, bars and cafes on the famous Duval Street, making it a great place for the party crowd.

With its high home value rates, this can sometimes sway prospective investors. If this happens to be your only concern on jumping in on this investment – reconsider.

With an ADR of $664/night and 67% occupancy rate, there are profitable opportunities left and right for this party hub vacation spot!

According to Airdna:

  • Key West holds a High Typical Home Value of $851,000

  • Occupancy Rate: 67%

  • Average Daily Rate: $664

  • Average Yearly Revenue: $128,000

If you are looking to invest – the market is hot & you’ve landed in the right place, at the right time.

We’re curious, did some of these surprise you? Let us know!