Investing in short-term rental properties can be a great way to make extra money. But not every city is an excellent place to invest in this type of real estate. This blog post will discuss the best cities to invest in short-term rental properties, and we will look at population growth, job growth, and the availability of vacation rentals. So if you’re thinking about investing in this type of property, read on for our top picks!
The Poconos, Pennsylvania
This has always been a great place to invest in short-term rental properties. This area has seen substantial population growth in recent years, thanks to its picturesque surroundings and proximity to New York City.
Thanks to its abundance of lakes, natural scenery, and active lifestyle, this area is perfect for vacationers year-round. Hiking, biking, and water sports are popular in the summer months, and in the winter, it is a destination for skiing and snowboarding. It also has a strong local economy with many jobs available in tourism and other sectors.
Phoenix, Arizona
Phoenix is another amazing city to invest in short-term rental properties. The population and job markets are growing rapidly in Phoenix, and there is no shortage of vacation rentals here. In addition, the cost of living is relatively low, making it a great place to invest your money.
Its direct proximity to Scottsdale, a world-famous resort town, is a bonus for investors.
Palm Springs, California
Palm Springs is a city in the Coachella Valley known for its warm weather, golf courses, and luxury resorts. It’s no wonder it’s a popular destination for vacationers.
Compared with other Southern California destinations, the cost of real estate in Palm Springs is relatively low. However, 9 months out of the year, the city is exploding with tourism, and residents of Canada and northern American states flock here to escape the cold. This makes it a great place to invest in a short-term rental property.
Orlando, Florida
Orlando is one of the most popular tourist destinations in the United States. The city’s theme parks are world-famous, and its mild climate makes it a desirable destination year-round. Orlando also has a strong economy with many jobs in the tourism industry.
Investing in a short-term rental property in Orlando can be a great way to make some extra money. The city is constantly growing and attracting new residents and businesses. Plus, there are always vacationers looking for a place to stay in Orlando.
Nashville, Tennessee
Nashville is a city that is experiencing rapid growth. The population and job markets are both expanding, and tourism to the city is at an all-time high. Nashville is home to numerous tourist attractions, including music venues, restaurants, and museums.
Because the town is so rich in culture and has a distinct atmosphere, it is a popular destination for vacationers. While Nashville homes can be fairly expensive, the demand for rentals by travelers makes it worth looking into for any investor.
These are just five of the best cities to invest in short-term rental properties. There are many other great places to consider, so do your research and find the right city for you!
