Data-driven rankings across 50 US short-term rental markets. Cap rates are calculated as (annual revenue × 60% expense ratio) ÷ median home price — updated monthly from AirDNA market analytics.
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Showing 50 of 50 markets
| Regulation | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1 | Hocking Hills, OHTop 10 | $54,932 | 59.0% | $266 | $260,000 | 12.68% | $63,621 | friendly |
| 2 | Chicago, ILTop 10 | $60,900 | 80.0% | $228 | $340,000 | 10.75% | $85,235 | restricted |
| 3 | Nashville, TNTop 10 | $76,675 | 41.0% | $508 | $490,000 | 9.39% | $107,733 | restricted |
| 4 | Broken Bow, OKTop 10 | $44,294 | 44.0% | $333 | $295,000 | 9.01% | $61,431 | friendly |
| 5 | Atlanta, GATop 10 | $56,504 | 64.0% | $262 | $395,000 | 8.58% | $85,088 | restricted |
| 6 | Charleston, SCTop 10 | $76,276 | 72.0% | $310 | $560,000 | 8.17% | $108,785 | restricted |
| 7 | Smoky Mountains, TNTop 10 | $52,457 | 80.0% | $166 | $440,000 | 7.15% | $66,304 | friendly |
| 8 | New Orleans, LATop 10 | $32,500 | 54.0% | $177 | $295,000 | 6.61% | $48,723 | restricted |
| 9 | Honolulu, HITop 10 | $89,564 | 82.0% | $302 | $870,000 | 6.18% | $132,586 | restricted |
| 10 | Asheville, NCTop 10 | $47,928 | 57.0% | $244 | $490,000 | 5.87% | $57,138 | restricted |
| 11 | Branson, MO | $24,939 | 47.0% | $177 | $280,000 | 5.34% | $34,931 | friendly |
| 12 | Orlando, FL | $30,783 | 68.0% | $145 | $355,000 | 5.20% | $51,654 | friendly |
| 13 | Panama City Beach, FL | $40,474 | 81.0% | $141 | $480,000 | 5.06% | $52,597 | friendly |
| 14 | Fort Lauderdale, FL | $43,438 | 65.0% | $211 | $520,000 | 5.01% | $62,879 | restricted |
| 15 | Denver, CO | $45,556 | 88.0% | $161 | $560,000 | 4.88% | $63,746 | restricted |
| 16 | Shenandoah, VA | $27,271 | 65.0% | $117 | $340,000 | 4.81% | $37,602 | friendly |
| 17 | Key West, FL | $86,799 | 82.0% | $299 | $1,100,000 | 4.73% | $143,940 | restricted |
| 18 | Seattle, WA | $60,647 | 74.0% | $248 | $780,000 | 4.67% | $84,096 | restricted |
| 19 | Joshua Tree, CA | $32,956 | 52.0% | $175 | $430,000 | 4.60% | $40,261 | friendly |
| 20 | Miami Beach, FL | $51,118 | 69.0% | $220 | $680,000 | 4.51% | $71,329 | restricted |
| 21 | Poconos, PA | $22,814 | 30.0% | $94 | $315,000 | 4.35% | $32,366 | friendly |
| 22 | Gulf Shores, AL | $28,415 | 55.0% | $144 | $395,000 | 4.32% | $33,808 | friendly |
| 23 | Myrtle Beach, SC | $22,292 | 98.0% | $55 | $310,000 | 4.32% | $23,431 | friendly |
| 24 | Austin, TX | $39,256 | 80.0% | $151 | $550,000 | 4.28% | $60,766 | restricted |
| 25 | Dallas, TX | $26,987 | 62.0% | $135 | $380,000 | 4.26% | $35,478 | friendly |
| 26 | Phoenix, AZ | $29,136 | 79.0% | $117 | $420,000 | 4.16% | $42,810 | friendly |
| 27 | Fredericksburg, TX | $39,277 | 42.0% | $132 | $580,000 | 4.06% | $53,346 | friendly |
| 28 | Los Angeles, CA | $63,044 | 84.0% | $225 | $950,000 | 3.98% | $99,079 | prohibited |
| 29 | Destin, FL | $41,058 | 53.0% | $213 | $625,000 | 3.94% | $47,081 | friendly |
| 30 | Pigeon Forge, TN | $29,822 | 46.0% | $192 | $465,000 | 3.85% | $36,948 | friendly |
| 31 | Maui, HI | $70,265 | 71.0% | $279 | $1,150,000 | 3.67% | $91,413 | restricted |
| 32 | Steamboat Springs, CO | $59,458 | 49.0% | $369 | $975,000 | 3.66% | $84,609 | friendly |
| 33 | San Diego, CA | $55,048 | 79.0% | $197 | $920,000 | 3.59% | $74,201 | restricted |
| 34 | Cape Coral, FL | $22,102 | 58.0% | $101 | $370,000 | 3.58% | $31,513 | friendly |
| 35 | Houston, TX | $18,429 | 54.0% | $106 | $310,000 | 3.57% | $27,542 | friendly |
| 36 | Big Bear Lake, CA | $29,821 | 29.0% | $296 | $520,000 | 3.44% | $40,952 | restricted |
| 37 | Sedona, AZ | $49,729 | 72.0% | $208 | $870,000 | 3.43% | $64,883 | restricted |
| 38 | Gatlinburg, TN | $27,037 | 65.0% | $129 | $485,000 | 3.35% | $35,568 | friendly |
| 39 | Portland, OR | $24,199 | 80.0% | $89 | $490,000 | 2.96% | $33,767 | restricted |
| 40 | Hilton Head, SC | $27,307 | 59.0% | $158 | $580,000 | 2.83% | $37,481 | friendly |
| 41 | Outer Banks, NC | $27,830 | 39.0% | $210 | $620,000 | 2.69% | $37,549 | friendly |
| 42 | Lake Tahoe, CA | $32,356 | 60.0% | $165 | $790,000 | 2.46% | $45,690 | restricted |
| 43 | Scottsdale, AZ | $29,856 | 58.0% | $147 | $780,000 | 2.30% | $40,440 | friendly |
| 44 | Aspen, CO | $115,205 | 58.0% | $594 | $3,200,000 | 2.16% | $157,202 | restricted |
| 45 | Park City, UT | $44,318 | 34.0% | $357 | $1,250,000 | 2.13% | $56,265 | restricted |
| 46 | Breckenridge, CO | $37,083 | 39.0% | $289 | $1,100,000 | 2.02% | $49,901 | restricted |
| 47 | Kissimmee, FL | $8,440 | 52.0% | $35 | $340,000 | 1.49% | $16,667 | friendly |
| 48 | Palm Springs, CA | $11,065 | 48.0% | $73 | $650,000 | 1.02% | $16,637 | friendly |
| 49 | Savannah, GA | — | — | — | $360,000 | — | — | friendly |
| 50 | San Antonio, TX | — | — | — | $295,000 | — | — | friendly |
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