The vacation rental market is growing in popularity and for a good reason. When done correctly, renting out your home or a portion of it can provide an excellent source of supplemental income. And, with the advent of platforms like Airbnb, it's easier to get started.

But not all Airbnb markets are the same. Some have higher demand, others have stricter regulations, and others have a more competitive landscape. So, if you're considering getting into the Airbnb game, it's essential to research and choose a market that will give you the best chance for success.

7 Best Airbnb Markets In The U.S.

If in case you're interested in becoming an Airbnb host, you might wonder about the best markets for renting out. These are seven of the best Airbnb markets in 2022:

1. Los Angeles

Los Angeles is one of the most active marketplaces in the United States. Currently, there are 45,815 listings in Los Angeles, California. The typical listing is $290, and the average monthly revenue is $16,390. It is considered an excellent destination for Airbnb rentals since visitors can experience the city's many attractions, shopping, eating, and nightlife.

2. New York City

New York City is another best Airbnb market, with over 39,881 listings. The average daily rate for an Airbnb rental is $198, making it a great option for Airbnb renters looking for an exciting and vibrant city experience. There are endless things to do in New York City, from exploring world-famous museums to walking through Central Park.

3. San Francisco

With 6,629 Airbnb listings, call San Francisco one of the best Airbnb locations in the United States, with a typical Airbnb listing of $303 per night. If you want an unforgettable Airbnb experience, San Francisco is the place to go. Some of the city's most fascinating districts are the Mission and Haight-Ashbury.

4. Seattle

Having 5,904 listings, Seattle is a well-known Airbnb market. In Seattle, the average nightly fee for an Airbnb accommodation is $185. Seattle is an excellent place for individuals seeking an urban experience with easy access to nature, parks to visit, and a wide range of businesses and restaurants.

5. Chicago

With nearly 7,414 listings, Chicago is another top Airbnb market in the United States. In Chicago, the average nightly fee for an Airbnb accommodation is $212. It is ideal for people seeking a laid-back and relaxed atmosphere. Aside from live music venues and pubs, Chicago offers a variety of outdoor activities.

6. Portland

Besides San Francisco and Seattle, Portland is another city with a large number of Airbnb listings. The typical price of an Airbnb in Portland is $182 per night. If you're bored with the usual big-city fare, Portland is the place to be. Aside from its many parks and open areas, Portland is also home to a wide selection of unique retailers and restaurants.

7. Dallas

Due to its enormous population and considerable demand for short-term rentals, Dallas is another ideal Airbnb market. There are almost 6,546 Airbnb listings, with average nightly pricing of $223. Dallas is an excellent option if you want to enjoy well-curated museums and restaurants in the city.

Consider These Factors When Choosing An Airbnb Market

Here are five things to consider when choosing an Airbnb market:

  • Location. It is one of the first things to consider while selecting an Airbnb market. You should choose a market that is easy to handle and has a high demand for rental units. Choose one of the best Airbnb investment locations. You'll also want to ensure that your target demographic includes a decent balance of leisure and business visitors.

  • Seasonality. Ideally, you will want to ensure that the rental market you decide to invest in has a high demand throughout the year for rental properties. Also, you'll want to ensure that your chosen market is not too seasonal, as this could create difficulties when filling your rental property with tenants.

  • Regulations. To achieve a successful short-term rental, you'll want to ensure the market you choose has favorable regulations. Also, you will want to be sure that you are familiar with any laws that may apply to the business you choose to operate in for you to comply with them when you do so.

  • Competition. Make sure your target market has a fair mix of Airbnb listings and regular hotels. You'll also want to ensure that the competition in your chosen market isn't too saturated since this might be challenging for you to succeed.

  • Pricing. There is no doubt that this is one of the most important things to remember when choosing an Airbnb market for your business. It is imperative to check the rent prices in the market you select are competitive and that there is a good mix of different price points for the various rental properties within the market you choose.

We take the hassle out of rental management!

If you're looking for a change of scenery and want to explore some new markets, Airbnb has you covered. With an ever-growing list of destinations to choose from, we've highlighted the seven best Airbnb markets in the US. Whether you're a first-time host or an experienced pro, Uplisting’s all-in-one platform can help make your rental business a success. Let us help you create 5-star guest experiences. Ready to get started? Avail our 14-day trial!

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