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 | $60,060 | 56.0% | $291 | $260,000 | 13.86% | $64,114 | friendly |
| 2 | Savannah, GATop 10 | $67,821 | 65.0% | $291 | $360,000 | 11.30% | $81,153 | friendly |
| 3 | Chicago, ILTop 10 | $63,130 | 81.0% | $248 | $340,000 | 11.14% | $81,763 | restricted |
| 4 | Nashville, TNTop 10 | $89,398 | 47.0% | $525 | $490,000 | 10.95% | $104,858 | restricted |
| 5 | Broken Bow, OKTop 10 | $46,678 | 45.0% | $365 | $295,000 | 9.49% | $66,062 | friendly |
| 6 | Charleston, SCTop 10 | $85,346 | 70.0% | $360 | $560,000 | 9.14% | $115,538 | restricted |
| 7 | Atlanta, GATop 10 | $58,916 | 64.0% | $286 | $395,000 | 8.95% | $86,757 | restricted |
| 8 | Myrtle Beach, SCTop 10 | $45,763 | 56.0% | $218 | $310,000 | 8.86% | $67,224 | friendly |
| 9 | San Antonio, TXTop 10 | $42,913 | 52.0% | $247 | $295,000 | 8.73% | $53,610 | friendly |
| 10 | New Orleans, LATop 10 | $42,571 | 50.0% | $245 | $295,000 | 8.66% | $54,832 | restricted |
| 11 | Poconos, PA | $39,131 | 43.0% | $251 | $315,000 | 7.45% | $43,716 | friendly |
| 12 | Honolulu, HI | $107,581 | 78.0% | $393 | $870,000 | 7.42% | $144,762 | restricted |
| 13 | Smoky Mountains, TN | $52,955 | 54.0% | $248 | $440,000 | 7.22% | $65,969 | friendly |
| 14 | Houston, TX | $35,930 | 62.0% | $176 | $310,000 | 6.95% | $52,414 | friendly |
| 15 | Branson, MO | $30,935 | 48.0% | $192 | $280,000 | 6.63% | $36,166 | friendly |
| 16 | Panama City Beach, FL | $51,575 | 59.0% | $244 | $480,000 | 6.45% | $64,091 | friendly |
| 17 | Dallas, TX | $39,696 | 62.0% | $215 | $380,000 | 6.27% | $50,143 | friendly |
| 18 | Orlando, FL | $36,486 | 64.0% | $167 | $355,000 | 6.17% | $45,658 | friendly |
| 19 | Denver, CO | $57,340 | 75.0% | $225 | $560,000 | 6.14% | $80,292 | restricted |
| 20 | Phoenix, AZ | $42,576 | 76.0% | $171 | $420,000 | 6.08% | $49,503 | friendly |
| 21 | Asheville, NC | $48,107 | 43.0% | $308 | $490,000 | 5.89% | $58,929 | restricted |
| 22 | Los Angeles, CA | $92,713 | 75.0% | $383 | $950,000 | 5.86% | $120,986 | prohibited |
| 23 | Fort Lauderdale, FL | $48,439 | 64.0% | $225 | $520,000 | 5.59% | $61,404 | restricted |
| 24 | Key West, FL | $100,744 | 73.0% | $378 | $1,100,000 | 5.50% | $141,218 | restricted |
| 25 | Fredericksburg, TX | $49,495 | 44.0% | $314 | $580,000 | 5.12% | $61,481 | friendly |
| 26 | Pigeon Forge, TN | $38,798 | 46.0% | $279 | $465,000 | 5.01% | $51,471 | friendly |
| 27 | Miami Beach, FL | $56,289 | 66.0% | $246 | $680,000 | 4.97% | $81,929 | restricted |
| 28 | Seattle, WA | $62,324 | 65.0% | $288 | $780,000 | 4.79% | $80,417 | restricted |
| 29 | Joshua Tree, CA | $34,095 | 48.0% | $193 | $430,000 | 4.76% | $41,105 | friendly |
| 30 | Shenandoah, VA | $26,580 | 63.0% | $118 | $340,000 | 4.69% | $36,887 | friendly |
| 31 | Austin, TX | $41,765 | 53.0% | $249 | $550,000 | 4.56% | $54,017 | restricted |
| 32 | Steamboat Springs, CO | $73,473 | 50.0% | $427 | $975,000 | 4.52% | $98,208 | friendly |
| 33 | Gulf Shores, AL | $29,514 | 55.0% | $150 | $395,000 | 4.48% | $35,101 | friendly |
| 34 | Destin, FL | $42,167 | 46.0% | $258 | $625,000 | 4.05% | $47,873 | friendly |
| 35 | Maui, HI | $76,611 | 66.0% | $335 | $1,150,000 | 4.00% | $94,084 | restricted |
| 36 | Sedona, AZ | $57,861 | 70.0% | $233 | $870,000 | 3.99% | $72,689 | restricted |
| 37 | San Diego, CA | $57,456 | 71.0% | $226 | $920,000 | 3.75% | $67,226 | restricted |
| 38 | Gatlinburg, TN | $29,464 | 66.0% | $210 | $485,000 | 3.65% | $39,778 | friendly |
| 39 | Portland, OR | $27,977 | 75.0% | $106 | $490,000 | 3.43% | $37,357 | restricted |
| 40 | Big Bear Lake, CA | $29,637 | 31.0% | $271 | $520,000 | 3.42% | $37,753 | restricted |
| 41 | Scottsdale, AZ | $39,319 | 63.0% | $178 | $780,000 | 3.03% | $47,829 | friendly |
| 42 | Kissimmee, FL | $15,941 | 45.0% | $84 | $340,000 | 2.81% | $22,743 | friendly |
| 43 | Lake Tahoe, CA | $35,112 | 55.0% | $192 | $790,000 | 2.67% | $48,572 | restricted |
| 44 | Park City, UT | $52,851 | 37.0% | $389 | $1,250,000 | 2.54% | $64,045 | restricted |
| 45 | Palm Springs, CA | $15,857 | 36.0% | $118 | $650,000 | 1.46% | $17,225 | friendly |
| 46 | Cape Coral, FL | — | — | — | $370,000 | — | — | friendly |
| 47 | Breckenridge, CO | — | — | — | $1,100,000 | — | — | restricted |
| 48 | Aspen, CO | — | — | — | $3,200,000 | — | — | restricted |
| 49 | Outer Banks, NC | — | — | — | $620,000 | — | — | friendly |
| 50 | Hilton Head, SC | — | — | — | $580,000 | — | — | friendly |
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