Best Cities for Airbnb Investment in Florida, USA
Florida, known for its beautiful beaches, vibrant culture, and year-round sunshine, is one of the best states in the U.S. for Airbnb investment. With a high demand for short-term vacation rentals, it offers lucrative opportunities for property owners. This article explores the best cities for Airbnb investment in Florida, providing insights into the most profitable locations to buy property and start your Airbnb business.
Advantages and Disadvantages of Running an Airbnb Business in Florida
Advantages
High Demand: Florida is one of the most popular tourist destinations in the world, attracting over 130 million visitors annually. This high demand for short-term vacation rentals ensures a steady stream of income for Airbnb hosts.
Diverse Attractions: From theme parks in Orlando to the nightlife in Miami, Florida offers a wide range of attractions that cater to different types of tourists, making it a versatile market for Airbnb properties.
Warm Climate: The state’s warm climate attracts tourists year-round, reducing the seasonal dips in occupancy rates that other markets may experience.
Profitability: The combination of high demand and premium rental rates in popular areas makes Florida one of the most profitable markets for Airbnb investments.
Disadvantages
Regulations: Florida has stringent regulations regarding short-term rentals, which vary by city. Compliance with these regulations can be time-consuming and costly.
Competition: Due to the high profitability, there is significant competition in the Airbnb market in Florida, particularly in the most popular locations.
Property Prices: In some of the top areas for Airbnb investments, property prices can be quite high, requiring substantial initial investment.
TOP 10 Best Cities to Buy Airbnb Properties in Florida
| City | Airbnb Listing | Average Home Value |
| Miami | 13,549 | $575,859 |
| Fort Lauderdale | 5,143 | $530,917 |
| Hollywood | 5,143 | $460,952 |
| Pompano Beach | 2,581 | $370,213 |
| Key West | 2,355 | $1,103,074 |
| West Palm Beach | 2,257 | $403,345 |
| Hallandale | 1,930 | $325,244 |
| Marathon | 1,581 | $889,176 |
| North Miami Beach | 1,397 | $470,372 |
| Key Largo | 1,056 | $1,127,909 |
1. Miami
- Average Daily Rate (ADR): $284.7
- Occupancy Rate: 57%
- Active Rentals: 13,549
- Average Annual Revenue per Rental: $49.7K
- Revenue Per Available Room (RevPAR): $162.4
- Best Month for Rentals: March
- Market Score: 72
- Average Home Value: $575,859 (up 8.8% over the past year)
Miami, a vibrant and dynamic city in Florida, is a premier destination for investors looking to enter the Airbnb market. In 2022, Miami attracted 4.7 million visitors who collectively spent $6.1 billion, underscoring the city’s strong appeal to tourists. With an average daily rate (ADR) of $284.7 and an occupancy rate of 57%, Miami’s Airbnb properties offer significant revenue potential. The city has 13,549 active rentals, and hosts can expect an average annual revenue of $49.7K, with a revenue per available room (RevPAR) of $162.4.
March stands out as the best month for Airbnb rentals, reflecting peak demand during the spring break season. Miami’s real estate market is also robust, with the average home value reaching $575,859, an increase of 8.8% over the past year. Despite the high property prices and strict regulations, the city’s market score of 72 indicates a strong potential for profitable investment. Miami’s cultural diversity, bustling nightlife, and beautiful beaches ensure a steady demand for short-term vacation rentals, making it an attractive and lucrative market for Airbnb investors.
2. Fort Lauderdale
- Average Daily Rate (ADR): $320.8
- Occupancy Rate: 55%
- Active Rentals: 7,246
- Average Annual Revenue per Rental: $53.8K
- Revenue Per Available Room (RevPAR): $181
- Best Month for Rentals: March
- Market Score: 72
- Average Home Value: $530,917 (up 4.9% over the past year)
Fort Lauderdale, a picturesque city in Florida, is an excellent market for Airbnb investors. Attracting 10 million visitors annually, Fort Lauderdale is known for its extensive boating canals, stunning beaches, and vibrant arts scene. This high volume of tourists ensures a robust demand for short-term vacation rentals. The average daily rate (ADR) for Airbnb properties in Fort Lauderdale is $320.8, with an occupancy rate of 55%. With 7,246 active rentals, hosts can anticipate an average annual revenue of $53.8K and a revenue per available room (RevPAR) of $181. March is particularly lucrative, marking the peak of the rental season. The market score of 72 indicates strong investment potential.
The average home value in Fort Lauderdale is $530,917, reflecting a 4.9% increase over the past year. Despite the high property prices, the city’s consistent demand for vacation rentals, coupled with its attractive rental rates, makes it a profitable market for Airbnb investments. Fort Lauderdale’s mix of luxury, culture, and natural beauty ensures a steady influx of visitors, making it an appealing and lucrative destination for Airbnb hosts.
3. Hollywood
- Average Daily Rate (ADR): $294.1
- Occupancy Rate: 57%
- Active Rentals: 5,143
- Average Annual Revenue per Rental: $50.7K
- Revenue Per Available Room (RevPAR): $168
- Best Month for Rentals: March
- Market Score: 66
- Average Home Value: $460,952 (up 6.8% over the past year)
Hollywood, Florida, is a thriving market for Airbnb investors, known for its beautiful beaches and charming downtown area. The city’s appealing mix of attractions makes it a popular destination for tourists, contributing to a strong demand for short-term vacation rentals.
Hollywood’s Airbnb market offers a lucrative opportunity for investors, with an average daily rate of $294.1 and an occupancy rate of 57%. With 5,143 active rentals, hosts can expect an average annual revenue of $50.7K and a RevPAR of $168. March is the peak rental month, reflecting increased tourist activity during this period.
The average home value in Hollywood is $460,952, having risen by 6.8% over the past year, indicating a healthy real estate market. Despite the moderate market score of 66, the combination of steady demand, attractive rental rates, and rising property values makes Hollywood a promising location for Airbnb investments.
4. Pompano Beach
- Average Daily Rate (ADR): $305.6
- Occupancy Rate: 57%
- Active Rentals: 2,581
- Average Annual Revenue per Rental: $49.5K
- Revenue Per Available Room (RevPAR): $174
- Best Month for Rentals: February
- Market Score: 84
- Average Home Value: $370,213 (up 4.7% over the past year)
Pompano Beach, situated in Florida, is an emerging hotspot for Airbnb investments. Known for its beautiful shoreline and vibrant water activities, Pompano Beach is a favorite among tourists, rounding out the top five destinations for visitors to Florida.
Pompano Beach’s Airbnb market offers substantial opportunities for investors, with an average daily rate of $305.6 and an occupancy rate of 57%. There are currently 2,581 active rentals in the area, and hosts can expect an average annual revenue of $49.5K and a RevPAR of $174. February is the peak rental month, benefiting from increased tourist activity during this period.
The average home value in Pompano Beach is $370,213, which has increased by 4.7% over the past year. With a high market score of 84, Pompano Beach presents a highly attractive investment opportunity. The steady demand, coupled with competitive rental rates and appreciating property values, makes Pompano Beach a lucrative market for Airbnb investors.
5. Key West
- Average Daily Rate (ADR): $623.7
- Occupancy Rate: 63%
- Active Rentals: 2,355
- Average Annual Revenue per Rental: $123.9K
- Revenue Per Available Room (RevPAR): $399
- Best Month for Rentals: March
- Market Score: 93
- Average Home Value: $1,103,074 (up 6.7% over the past year)
Key West, the southernmost point in the continental United States, is a premier destination for Airbnb investors. Known for its stunning beaches, vibrant nightlife, rich history, and diverse water activities, Key West attracts more than three million visitors annually. This high influx of tourists generates a substantial demand for short-term vacation rentals, with total visitor spending amounting to $1.2 billion.
Key West’s Airbnb market is exceptionally lucrative, with an average daily rate (ADR) of $623.7 and an occupancy rate of 63%. The city has 2,355 active rentals, and hosts can expect an impressive average annual revenue of $123.9K, with a revenue per available room (RevPAR) of $399. March is the peak month for rentals, driven by the high tourist season during the spring.
The average home value in Key West is $1,103,074, reflecting a 6.7% increase over the past year. With a market score of 93, Key West stands out as one of the most attractive markets for Airbnb investments. The combination of high rental rates, strong demand, and rising property values makes Key West a prime location for investors seeking substantial returns in the short-term rental market.
6. West Palm Beach
- Average Daily Rate (ADR): $323.3
- Occupancy Rate: 54%
- Active Rentals: 2,257
- Average Annual Revenue per Rental: $51.4K
- Revenue Per Available Room (RevPAR): $177
- Best Month for Rentals: March
- Market Score: 80
- Average Home Value: $403,345 (up 4.7% over the past year)
West Palm Beach, a picturesque city known for its upscale lifestyle and cultural attractions, is an excellent market for Airbnb investors. With its beautiful beaches, vibrant downtown area, and a variety of events and festivals, West Palm Beach attracts a significant number of tourists annually.
West Palm Beach’s Airbnb market is lucrative, with an average daily rate of $323.3 and an occupancy rate of 54%. The city has 2,257 active rentals, and hosts can expect an average annual revenue of $51.4K, with a revenue per available room (RevPAR) of $177. March is the peak month for rentals, reflecting heightened tourist activity during the spring.
The total visitor spending in West Palm Beach amounts to $7.1 billion, underscoring the city’s strong appeal to tourists. The average home value in West Palm Beach is $403,345, which has increased by 4.7% over the past year. With a market score of 80, West Palm Beach presents a highly attractive investment opportunity. The combination of steady demand, competitive rental rates, and appreciating property values makes West Palm Beach a prime location for Airbnb investors seeking substantial returns in the short-term rental market.
7. Hallandale
- Average Daily Rate (ADR): $264.6
- Occupancy Rate: 57%
- Active Rentals: 1,930
- Average Annual Revenue per Rental: $45K
- Revenue Per Available Room (RevPAR): $150
- Best Month for Rentals: March
- Market Score: 81
- Average Home Value: $325,244 (up 1.5% over the past year)
Hallandale, located in the heart of South Florida, is an appealing market for Airbnb investors. Known for its beautiful beaches, vibrant community, and proximity to both Miami and Fort Lauderdale, Hallandale attracts a considerable number of tourists looking for a mix of relaxation and excitement.
Hallandale’s Airbnb market presents a solid opportunity for investors, with an average daily rate of $264.6 and an occupancy rate of 57%. The area has 1,930 active rentals, and hosts can expect an average annual revenue of $45K, with a revenue per available room (RevPAR) of $150. March is the peak month for rentals, benefiting from increased tourist activity during the spring season.
The average home value in Hallandale is $325,244, which has seen a modest increase of 1.5% over the past year. With a market score of 81, Hallandale is an attractive option for Airbnb investments. The combination of competitive rental rates, steady demand, and accessible property values makes Hallandale a profitable market for short-term rental investors.
8. Marathon
- Average Daily Rate (ADR): $540.3
- Occupancy Rate: 65%
- Active Rentals: 1,581
- Average Annual Revenue per Rental: $103.3K
- Revenue Per Available Room (RevPAR): $355
- Best Month for Rentals: March
- Market Score: 94
- Average Home Value: $889,176 (up 2.8% over the past year)
Marathon, a charming city located in the heart of the Florida Keys, is an excellent market for Airbnb investors. Known for its beautiful beaches, boating, and fishing opportunities, Marathon attracts a steady stream of tourists looking for a relaxing getaway.
Marathon’s Airbnb market is highly profitable, with an average daily rate of $540.3 and an occupancy rate of 65%. There are 1,581 active rentals, and hosts can expect an average annual revenue of $103.3K, with a revenue per available room (RevPAR) of $355. March is the peak month for rentals, reflecting increased tourist activity during the spring.
The average home value in Marathon is $889,176, which has risen by 2.8% over the past year. With a market score of 94, Marathon is a highly attractive destination for Airbnb investments. The combination of high rental rates, strong demand, and appreciating property values makes Marathon an ideal location for investors seeking lucrative returns in the short-term rental market.
9. North Miami Beach
- Average Daily Rate (ADR): $286.4
- Occupancy Rate: 61%
- Active Rentals: 1,397
- Average Annual Revenue per Rental: $48.7K
- Revenue Per Available Room (RevPAR): $176
- Best Month for Rentals: February
- Market Score: 74
- Average Home Value: $470,372 (up 9.2% over the past year)
North Miami Beach, situated in the vibrant region of South Florida, is an attractive market for Airbnb investors. Known for its beautiful beaches, diverse cultural offerings, and proximity to major attractions in Miami, North Miami Beach draws a steady stream of tourists year-round.
North Miami Beach’s Airbnb market offers promising opportunities, with an average daily rate of $286.4 and an occupancy rate of 61%. There are 1,397 active rentals in the area, and hosts can expect an average annual revenue of $48.7K, with a revenue per available room (RevPAR) of $176. February is the peak month for rentals, reflecting increased tourist activity during the winter season.
The average home value in North Miami Beach is $470,372, which has risen by 9.2% over the past year, indicating a healthy real estate market. With a market score of 74, North Miami Beach is a viable destination for Airbnb investments. The combination of strong rental demand, attractive rental rates, and rising property values makes North Miami Beach a lucrative market for investors seeking profitable returns in the short-term rental sector.
10. Key Largo
- Average Daily Rate (ADR): $512
- Occupancy Rate: 58%
- Active Rentals: 1,056
- Average Annual Revenue per Rental: $91.2K
- Revenue Per Available Room (RevPAR): $199
- Best Month for Rentals: February
- Market Score: 80
- Average Home Value: $1,127,909 (up 6.0% over the past year)
Key Largo, the first of the Florida Keys, is a premier destination for Airbnb investors. Known for its world-class diving spots, marine life, and stunning natural beauty, Key Largo attracts a significant number of tourists each year. More than five million people visit the 1,700 islands of the Florida Keys annually, contributing to a thriving market for short-term rentals.
Key Largo’s Airbnb market is highly profitable, with an average daily rate of $512 and an occupancy rate of 58%. The city has 1,056 active rentals, and hosts can expect an average annual revenue of $91.2K, with a revenue per available room (RevPAR) of $199. February is the peak month for rentals, benefiting from the high tourist season during the winter.
The average home value in Key Largo is $1,127,909, reflecting a 6.0% increase over the past year. With a market score of 80, Key Largo presents a highly attractive investment opportunity. The steady demand, coupled with competitive rental rates and appreciating property values, makes Key Largo a lucrative market for Airbnb investors.
