Best Jacksonville Neighborhoods for Airbnb Business: 32204, 32207, and 32205 Areas

Jacksonville, Florida, a city known for its stunning beaches, vibrant culture, and bustling business environment, has become a hotspot for Airbnb hosts looking to tap into the flourishing short-term rental market. As a leading voice in property investment and management, we understand the nuances of the Jacksonville real estate landscape. This comprehensive guide aims to unveil the top Jacksonville neighborhoods for Airbnb business, focusing on areas that offer the best combination of profitability, guest experience, and long-term growth potential.

• Navigating Jacksonville Short-Term Rental Rules
• Explore Airbnb-Friendly Condos in Jacksonville, Florida
• Jacksonville’s diverse Airbnb Neighborhoods: Jacksonville Beach, Downtown, and Springfield

Airbnb Market Analysis: 32204

Overview

The 32204 ZIP code area, encompassing parts of Jacksonville, Florida, including neighborhoods like Five Points and Riverside, presents a dynamic and thriving market for Airbnb hosts. The data shows a promising opportunity for those considering entering or expanding their presence in the short-term rental market in this area.

Key Airbnb Metrics of 32204

• Average Daily Rate (ADR): $155.6
• Maximum Daily Rate (October): $178.5
• Occupancy Rate: 60%
• Maximum Occupancy Rate (February): 70%
• Total Available Listings: 136
• Average Revenue: $34.1K
• Maximum Monthly Revenue (July): $2.9K
• Revenue Per Available Room (RevPAR): $95.9
• Weekend RevPAR: $161.6
• Best Performing Month: October
• Market Score: 69
• Average Home Value: $322,026
• Population (2023): 7,750

Airbnb Investment Insights

Seasonality: Higher occupancy and rates in February and October indicate the importance of seasonal trends.

Revenue Opportunities: With an average annual revenue of $34.1K and peaking in July, hosts can strategize their pricing and availability to maximize earnings.

Property Selection: Considering the average home value of $322,026, investors should weigh the potential ROI against initial investment costs.

Guest Experience: Tailoring properties to appeal to the diverse demographic that these neighborhoods attract can enhance occupancy rates.

Neighborhoods Analysis

Detailed Analysis of Five Points, Jacksonville

Geographic and Cultural Overview: Five Points is a distinctive neighborhood in Jacksonville, Florida, nestled within the 32204 ZIP code. Renowned for its unique character, this area serves as a cultural and commercial hub, particularly revered for its bohemian ambiance. The neighborhood’s layout and architecture are reminiscent of early 20th-century designs, which blend seamlessly with modern urban elements.

Characteristics:

• Bohemian Vibe: Five Points is celebrated for its artistic flair, with streets lined with murals and public art installations, creating an atmosphere that’s both vibrant and inviting.
• Eclectic Shops: The area is home to a variety of independent boutiques, vintage stores, and artisanal shops, offering everything from handcrafted jewelry to retro clothing and unique home decor.
• Vibrant Nightlife: The neighborhood boasts a lively nightlife scene, featuring an array of bars, pubs, and cafes that cater to a diverse clientele. Live music, ranging from indie bands to jazz ensembles, is a common feature in many of these establishments.
• Culinary Scene: Five Points hosts a range of dining options, including trendy eateries, cozy coffee shops, and gourmet restaurants. The culinary offerings are as diverse as the neighborhood, featuring everything from local Southern fare to international cuisine.
• Cultural Events: Regular community events, such as art walks, street festivals, and farmers’ markets, contribute to the neighborhood’s dynamic social calendar, drawing visitors from across Jacksonville.

Potential for Airbnb Hosts:

• Diverse Audience: The neighborhood’s eclectic nature appeals to a wide range of guests, from young professionals seeking a trendy urban experience to cultural enthusiasts and art lovers.
• Unique Stays: Airbnb hosts in Five Points can leverage the neighborhood’s unique character to offer distinctive lodging experiences, such as stays in historic homes or artistically decorated apartments.
• Location Advantage: Its proximity to downtown Jacksonville and other key attractions adds to its appeal, offering guests a convenient base for exploring the city.
• Marketing Edge: Hosts can market their properties by highlighting the neighborhood’s unique characteristics, such as its artistic vibe, vibrant community events, and diverse culinary scene.

Conclusion

Five Points, with its blend of historical charm and contemporary urban culture, presents a fertile ground for Airbnb hosts. By offering unique and immersive experiences that encapsulate the essence of this bohemian neighborhood, hosts can attract a broad spectrum of guests and capitalize on the area’s growing popularity as a cultural hotspot in Jacksonville.

Detailed Analysis of Riverside, Jacksonville

Geographic and Cultural Overview: Riverside is a prominent neighborhood within the 32204 ZIP code of Jacksonville, Florida. This area is particularly noted for its rich history, architectural heritage, and seamless integration of modernity with historical charm.

Characteristics:

• Historic Charm: Riverside is renowned for its beautifully preserved historic homes and buildings, many of which date back to the early 20th century. This architectural beauty adds a unique charm to the neighborhood.
• Modern Amenities: Despite its historic nature, Riverside offers a plethora of modern amenities, including contemporary restaurants, chic cafes, and modern shopping experiences.
• Cultural Hotspot: The area is a hub for cultural activities, hosting numerous art galleries, museums, and theaters. It’s a place where history and culture intermingle.
• Riverside Arts Market: A significant attraction in Riverside is the Riverside Arts Market, a weekend market that showcases local art, crafts, and produce. It acts as a community gathering spot and is popular among both locals and tourists.
• Proximity to St. Johns River: The neighborhood’s proximity to the St. Johns River adds a scenic natural element, offering beautiful riverfront views and parks.

Potential for Airbnb Hosts:

• Cultural Appeal: Riverside’s rich cultural scene and historical significance attract guests interested in immersive cultural experiences and architectural exploration.
• Varied Accommodation Options: The neighborhood is ideal for hosts who can offer stays in historic properties, modern apartments, or riverfront homes.
• Strong Market for Heritage Tourism: Riverside’s historical allure can be a key marketing point, especially for guests interested in heritage tourism.

Final Thoughts

The 32204 area in Jacksonville, including Five Points and Riverside, offers a robust Airbnb market with the potential for significant revenue, especially for hosts who strategically navigate seasonal trends and diverse guest preferences. With a solid understanding of the local market dynamics and an emphasis on creating unique guest experiences, investors and hosts can capitalize on the opportunities presented in this vibrant and eclectic part of Jacksonville.

Airbnb Market Analysis for Jacksonville ZIP Code 32207

Overview

The 32207 ZIP code in Jacksonville, Florida, encompasses neighborhoods like Miramar, Lakewood, Englewood, and San Marco. This area presents a diverse landscape for Airbnb hosts, combining residential tranquility with urban accessibility. The Airbnb market here is shaped by a blend of family-friendly areas, cultural richness, and business proximity.

Key Airbnb Metrics of 32207

• Average Daily Rate (ADR): $156.3
• Maximum Daily Rate (Feb, Jul, Oct): $167.4, $167.8, and $168.3, respectively
• Occupancy Rate: 56%
• Maximum Occupancy Rate (March): 65%
• Total Available Listings: 267
• Average Revenue: $32.1K
• Maximum Monthly Revenue (March, July): $2.4K
• Revenue Per Available Room (RevPAR): $90.4
• Weekend RevPAR: $162
• Best Performing Month: February
• Market Score: 59
• Average Home Value: $274,652
• Population (2023): 36,711

Average and Maximum Daily Rates. ADR and Peak Rates: The average daily rate of $156.3, with peak rates in February, July, and October ($167.4, $167.8, $168.3 respectively), suggests a market responsive to seasonal demand. Higher rates in these months could be attributed to seasonal events, holidays, or climatic preferences.

Implications for Hosts: Adjusting pricing strategies to capitalize on these peak periods can maximize revenue. Offering special amenities or promotions during off-peak times could help maintain a steady occupancy rate.

Occupancy Rates and Revenue. Occupancy Trends: The overall occupancy rate of 56%, with a peak in March at 65%, indicates a moderately high demand, particularly in the spring season.

Average and Peak Revenue: With an annual average revenue of $32.1K and a peak in March and July at $2.4K, there’s a clear indication of revenue spikes aligning with occupancy trends.

Implication for Hosts: Focusing on marketing and property readiness during peak occupancy months can boost revenue. Off-season strategies might include targeting different guest segments or offering competitive rates.

Revenue Per Available Room (RevPAR) and Weekend Trends. RevPAR Analysis: A RevPAR of $90.4 with a higher Weekend RevPAR of $162 suggests weekends are particularly lucrative in this market.

Implication for Hosts: Emphasizing weekend availability and tailoring experiences for weekend travelers (like couples on short getaways or groups seeking leisure activities) can be beneficial.

Market Position and Home Value Considerations. Market Score of 59: This score, though moderate, combined with an average home value of $274,652, indicates a competitive market with reasonable entry costs for new hosts.

Population Dynamics. With a population of 36,711, there’s a substantial local market and potential for a steady stream of visitors, especially those visiting family or on business.

Neighborhood Insights

Miramar

• Geographical Context: Miramar, nestled in the 32207 area of Jacksonville, is primarily a residential neighborhood known for its serene ambiance and family-friendly environment.
• Architectural Style: The area features a blend of historic homes and newer constructions, offering a visual narrative of Jacksonville’s evolving architectural trends.
• Community and Lifestyle: Miramar is ideal for families and those seeking a suburban lifestyle within the city. The neighborhood is characterized by its quiet streets, well-kept lawns, and a strong sense of community.
• Local Amenities: It offers a variety of local amenities, such as parks, community centers, and schools, making it a practical choice for long-term stays and family vacations.
• Attracting Airbnb Guests: Properties here can appeal to visitors looking for a peaceful retreat or those visiting Jacksonville for family gatherings or longer-term business commitments.

Lakewood

• Geographical Context: Lakewood is a suburban neighborhood that strikes a perfect balance between residential tranquility and accessibility to urban amenities.
• Community Features: Known for its spacious parks and recreational areas, Lakewood offers a quiet, laid-back environment that contrasts with the hustle and bustle of the city.
• Shopping and Dining: The neighborhood boasts several local shopping centers and a variety of dining options, from casual eateries to more upscale restaurants.
• Natural Attractions: Proximity to natural attractions like lakes and green spaces makes it appealing for outdoor enthusiasts and families.
• Attracting Airbnb Guests: Airbnb properties in Lakewood can market themselves as ideal for guests who prefer a suburban feel with easy access to Jacksonville’s attractions.

Englewood

• Geographical Context: Englewood is a diverse and vibrant neighborhood, reflecting a mix of urban and suburban elements.
• Residential Diversity: The area features a wide range of housing options, catering to various demographics, from young professionals to families.
• Cultural and Social Scene: Englewood is known for its active community life, with numerous local events, markets, and cultural festivals occurring throughout the year.
• Accessibility: Its strategic location offers convenient access to major highways and public transportation, making it easy for visitors to explore other parts of Jacksonville.
• Attracting Airbnb Guests: Airbnb hosts can capitalize on Englewood’s diverse appeal and vibrant community life to attract guests looking for an authentic local experience.

San Marco

Geographical Context: San Marco is an upscale neighborhood renowned for its Mediterranean-inspired architecture, boutique shopping, and fine dining.

Cultural Richness: The area is a cultural hub, with theaters, art galleries, and historic landmarks, appealing to guests interested in arts and culture.

Sophisticated Ambiance: San Marco’s streets are lined with elegant shops, gourmet restaurants, and chic cafes, reflecting its sophisticated character.

Proximity to Downtown: Its location near downtown Jacksonville makes it a prime spot for business travelers and tourists seeking a luxurious urban experience.

Attracting Airbnb Guests: Properties in San Marco are well-suited for a more upscale clientele, including those seeking a refined and culturally rich travel experience.

Final Thoughts

The Airbnb market in Jacksonville’s 32207 area shows potential for diverse hosting strategies. Aligning property offerings with the unique characteristics and demands of each neighborhood and adapting to seasonal occupancy and revenue trends can lead to a successful Airbnb venture. The key is to balance pricing, marketing, and guest experience to cater to the varied needs of travelers visiting Miramar, Lakewood, Englewood, and San Marco.

Airbnb Market Analysis for ZIP Code 32205, Jacksonville

Overview

The 32205 ZIP code in Jacksonville includes the neighborhoods of Murray Hill and Avondale. This area presents a diverse Airbnb market, combining the charm of historic neighborhoods with the appeal of an evolving urban landscape.

Analyzing Key Metrics

• Average Daily Rate (ADR): $149.4
• Maximum Daily Rates: May, June – $164; October – $162
• Occupancy Rate: 55%
• Maximum Occupancy Rate: 65% (March)
• Total Available Listings: 334
• Average Annual Revenue: $30.2K
• Maximum Monthly Revenue: $2.3K (March, May)
• Revenue Per Available Room (RevPAR): $86.2
• Weekend RevPAR: $151
• Best Performing Month: March
• Market Score: 66
• Average Home Value: $266,451

Average and Maximum Daily Rates. The average daily rate of $149.4, with peaks in May, June ($164), and October ($162), indicates a steady demand that increases during late spring and early autumn.

Implication for Hosts: Pricing strategies should be adjusted to capitalize on these peak periods. Offering unique amenities or experiences during these months could further boost revenue.

Occupancy Rates and Revenue. An overall occupancy rate of 55%, peaking at 65% in March, suggests a moderate demand with a significant increase during the early spring, possibly due to seasonal events or attractions.

Average and Peak Revenue. The average annual revenue of $30.2K, with peaks in March and May at $2.3K, aligns with the occupancy trends, indicating potential for higher earnings during these months.

Implication for Hosts: Hosts should focus on enhancing their listing appeal during peak months. Off-peak months could benefit from targeted promotions to maintain steady occupancy.

Revenue Per Available Room (RevPAR) and Weekend Trends. A RevPAR of $86.2 and a higher Weekend RevPAR of $151 suggest that weekends, especially during peak months, are particularly profitable.

Implication for Hosts: Tailoring experiences for weekend travelers, such as providing local event information or special weekend packages, can enhance the appeal of properties.

Market Position and Demographics. Market Score of 66: This score, combined with an average home value of $266,451, suggests a competitive market with potential for growth, particularly in niche areas like historical or boutique-style properties.

Demographic Appeal. The diverse appeal of Murray Hill and Avondale can attract a wide range of guests, from young travelers and food enthusiasts to families and cultural tourists.

Neighborhood-Specific Insights

Murray Hill

Characteristics:

Historic and Eclectic: Murray Hill boasts a rich history, evident in its architecture and community vibe. The neighborhood is a blend of historic homes and modern developments, providing a visually diverse streetscape.

Culinary Scene: Recently, Murray Hill has emerged as a culinary hotspot in Jacksonville. It features a variety of dining options, from cozy cafes to trendy restaurants, often highlighting local and artisanal cuisine.

Arts and Culture: The area is also known for its support of local arts, with galleries, studios, and music venues that contribute to its vibrant cultural scene.

Community Events: Frequent community events, like street fairs and food festivals, add to the neighborhood’s appeal, drawing both locals and visitors.

Attracting Guests:

Target Audience: Ideal for guests who appreciate a mix of historical charm and urban energy. It attracts culturally inclined travelers, foodies, and those interested in local arts and music.

Unique Stays: Airbnb hosts can capitalize on the neighborhood’s unique blend of old and new by offering stays in renovated historic homes or properties that reflect the area’s artistic spirit.

Local Experiences: Promoting local experiences, such as guided food tours, visits to art galleries, or attending local music events, can be a significant draw.

Avondale

Characteristics:

Historical Elegance: Avondale is characterized by its early 20th-century homes, which showcase a range of architectural styles from Mediterranean Revival to Tudor Revival. The well-preserved streetscapes offer a glimpse into Jacksonville’s past.

Upscale Shopping and Dining: The neighborhood is a hub for boutique shopping and upscale dining. It’s home to some of Jacksonville’s finest restaurants and chic boutiques, making it a popular destination for both locals and visitors.

Scenic Beauty: Avondale is also known for its beautiful parks and tree-lined streets, offering picturesque settings and tranquil green spaces.

Affluent Community: It’s considered one of Jacksonville’s more affluent areas, attracting a clientele that appreciates luxury and sophistication.

Attracting Guests:

Target Audience: Suited for travelers seeking a luxurious and culturally rich experience. It appeals to guests who enjoy exploring high-end shopping districts, gourmet dining, and historic architecture.

Elevated Accommodations: Properties in Avondale can attract higher rates by offering upscale amenities, elegant interiors, and exceptional guest services.

Cultural and Culinary Experiences: Hosts can enhance their appeal by providing guests with curated guides to the best dining and shopping in the area, as well as information on local historical sites and parks.

Final Thoughts

The Airbnb market in Jacksonville’s 32205 area offers a blend of historic appeal and urban renewal, particularly in neighborhoods like Murray Hill and Avondale. Understanding the unique characteristics of each neighborhood and tailoring property offerings to match can help Airbnb hosts succeed in this dynamic market. Focusing on peak months and enhancing weekend offerings are key strategies for maximizing revenue in this area.

Comparative Analysis of Jacksonville Neighborhoods for Airbnb Business

In Jacksonville, Airbnb markets in ZIP codes 32204, 32207, and 32205 each offer unique opportunities. The 32204 area, encompassing cultural hubs like Five Points and Riverside, boasts the highest revenue potential with a diverse guest base but also has higher property values. ZIP code 32207, covering Miramar, Lakewood, Englewood, and San Marco, offers a mix of family-friendly and upscale settings with moderate market entry costs, though it requires strategic handling of seasonal demand. In contrast, 32205, including Murray Hill and Avondale, combines historic charm with urban development, presenting a growing market with a focus on cultural and culinary appeal, albeit with slightly lower revenue potential compared to 32204. Each area requires a tailored approach to maximize Airbnb success, balancing investment costs, guest preferences, and seasonal trends.