New investors poured in, hoping for profits, only to see increased competition from other new hosts and host revenue dip nationwide in 2023.
Some of the best places to invest in short-term-rentals today are in smaller cities near outdoor attractions, according to analytics site AirDNA, which ranks the best places for Airbnb hosts to invest each year.
AdvertisementAirDNA also highlighted spots that bucked the national trend to show growth in host revenue last year.
Take Marquette, Michigan, a town on the shores of Lake Superior, which initially ranked high among the best places to invest.
AdvertisementHere are the best 24 cities and towns to invest in an Airbnb in 2024, according to AirDNA, which provided all the data.
Persons:
—, Peggy Gascon, Ryan Villines, Jamie Lane, Lane, AirDNA
Organizations:
Service, Business, .
Locations:
Phoenix , Arizona, Montana, Ellsworth , Maine, Acadia, Port Angeles , Washington, . Columbus , Georgia, Chattahoochee, New York City, Dallas, Marquette , Michigan, Lake Superior