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 | $57,745 | 54.0% | $293 | $260,000 | 13.33% | $62,448 | friendly |
| 2 | Chicago, ILTop 10 | $58,699 | 79.0% | $235 | $340,000 | 10.36% | $91,191 | restricted |
| 3 | Broken Bow, OKTop 10 | $44,658 | 43.0% | $340 | $295,000 | 9.08% | $61,786 | friendly |
| 4 | Nashville, TNTop 10 | $73,601 | 40.0% | $489 | $490,000 | 9.01% | $98,539 | restricted |
| 5 | Atlanta, GATop 10 | $56,638 | 64.0% | $275 | $395,000 | 8.60% | $86,497 | restricted |
| 6 | Charleston, SCTop 10 | $78,416 | 71.0% | $328 | $560,000 | 8.40% | $113,160 | restricted |
| 7 | San Antonio, TXTop 10 | $40,006 | 50.0% | $234 | $295,000 | 8.14% | $54,019 | friendly |
| 8 | New Orleans, LATop 10 | $35,654 | 57.0% | $173 | $295,000 | 7.25% | $52,464 | restricted |
| 9 | Smoky Mountains, TNTop 10 | $52,548 | 59.0% | $218 | $440,000 | 7.17% | $67,151 | friendly |
| 10 | Honolulu, HITop 10 | $92,855 | 79.0% | $333 | $870,000 | 6.40% | $129,822 | restricted |
| 11 | Asheville, NC | $46,617 | 54.0% | $257 | $490,000 | 5.71% | $57,391 | restricted |
| 12 | Poconos, PA | $28,965 | 32.0% | $112 | $315,000 | 5.52% | $35,944 | friendly |
| 13 | Fort Lauderdale, FL | $44,044 | 68.0% | $202 | $520,000 | 5.08% | $61,204 | restricted |
| 14 | Branson, MO | $23,399 | 51.0% | $163 | $280,000 | 5.01% | $33,645 | friendly |
| 15 | Panama City Beach, FL | $39,463 | 45.0% | $252 | $480,000 | 4.93% | $54,423 | friendly |
| 16 | Denver, CO | $45,061 | 74.0% | $186 | $560,000 | 4.83% | $62,466 | restricted |
| 17 | Myrtle Beach, SC | $24,180 | 53.0% | $199 | $310,000 | 4.68% | $31,172 | friendly |
| 18 | Shenandoah, VA | $26,431 | 60.0% | $122 | $340,000 | 4.66% | $36,119 | friendly |
| 19 | Key West, FL | $85,232 | 80.0% | $304 | $1,100,000 | 4.65% | $143,358 | restricted |
| 20 | Pigeon Forge, TN | $35,741 | 45.0% | $280 | $465,000 | 4.61% | $48,519 | friendly |
| 21 | Austin, TX | $42,160 | 68.0% | $174 | $550,000 | 4.60% | $58,644 | restricted |
| 22 | Miami Beach, FL | $51,181 | 70.0% | $210 | $680,000 | 4.52% | $72,421 | restricted |
| 23 | Dallas, TX | $27,721 | 59.0% | $150 | $380,000 | 4.38% | $38,389 | friendly |
| 24 | Los Angeles, CA | $69,060 | 76.0% | $272 | $950,000 | 4.36% | $100,383 | prohibited |
| 25 | Joshua Tree, CA | $30,822 | 49.0% | $175 | $430,000 | 4.30% | $37,371 | friendly |
| 26 | Seattle, WA | $55,646 | 73.0% | $242 | $780,000 | 4.28% | $79,248 | restricted |
| 27 | Fredericksburg, TX | $40,808 | 37.0% | $175 | $580,000 | 4.22% | $53,970 | friendly |
| 28 | Steamboat Springs, CO | $65,206 | 50.0% | $388 | $975,000 | 4.01% | $93,912 | friendly |
| 29 | Gulf Shores, AL | $26,348 | 52.0% | $140 | $395,000 | 4.00% | $32,300 | friendly |
| 30 | Phoenix, AZ | $27,824 | 83.0% | $108 | $420,000 | 3.98% | $40,491 | friendly |
| 31 | Destin, FL | $40,986 | 48.0% | $240 | $625,000 | 3.94% | $48,161 | friendly |
| 32 | Houston, TX | $19,712 | 58.0% | $99 | $310,000 | 3.82% | $27,840 | friendly |
| 33 | Maui, HI | $70,039 | 70.0% | $286 | $1,150,000 | 3.65% | $90,138 | restricted |
| 34 | San Diego, CA | $54,224 | 75.0% | $200 | $920,000 | 3.54% | $74,758 | restricted |
| 35 | Cape Coral, FL | $20,938 | 44.0% | $111 | $370,000 | 3.40% | $27,185 | friendly |
| 36 | Gatlinburg, TN | $27,178 | 60.0% | $136 | $485,000 | 3.36% | $35,660 | friendly |
| 37 | Big Bear Lake, CA | $28,621 | 32.0% | $260 | $520,000 | 3.30% | $38,793 | restricted |
| 38 | Hilton Head, SC | $31,270 | 56.0% | $189 | $580,000 | 3.24% | $39,561 | friendly |
| 39 | Sedona, AZ | $46,603 | 72.0% | $194 | $870,000 | 3.21% | $60,773 | restricted |
| 40 | Portland, OR | $25,183 | 73.0% | $95 | $490,000 | 3.08% | $32,926 | restricted |
| 41 | Outer Banks, NC | $26,355 | 37.0% | $220 | $620,000 | 2.55% | $36,572 | friendly |
| 42 | Lake Tahoe, CA | $32,833 | 63.0% | $170 | $790,000 | 2.49% | $49,488 | restricted |
| 43 | Scottsdale, AZ | $30,362 | 61.0% | $145 | $780,000 | 2.34% | $41,418 | friendly |
| 44 | Park City, UT | $44,901 | 34.0% | $357 | $1,250,000 | 2.16% | $58,820 | restricted |
| 45 | Aspen, CO | $114,626 | 51.0% | $666 | $3,200,000 | 2.15% | $157,228 | restricted |
| 46 | Breckenridge, CO | $37,845 | 41.0% | $265 | $1,100,000 | 2.06% | $49,833 | restricted |
| 47 | Kissimmee, FL | $8,017 | 42.0% | $44 | $340,000 | 1.42% | $13,523 | friendly |
| 48 | Palm Springs, CA | $11,987 | 56.0% | $64 | $650,000 | 1.11% | $16,732 | friendly |
| 49 | Savannah, GA | — | — | — | $360,000 | — | — | friendly |
| 50 | Orlando, FL | — | — | — | $355,000 | — | — | friendly |
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