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 | $55,338 | 61.0% | $260 | $260,000 | 12.77% | $65,917 | friendly |
| 2 | Chicago, ILTop 10 | $64,924 | 83.0% | $226 | $340,000 | 11.46% | $102,022 | restricted |
| 3 | Savannah, GATop 10 | $60,740 | 72.0% | $246 | $360,000 | 10.12% | $78,251 | friendly |
| 4 | Nashville, TNTop 10 | $74,614 | 40.0% | $518 | $490,000 | 9.14% | $103,208 | restricted |
| 5 | Broken Bow, OKTop 10 | $43,980 | 44.0% | $332 | $295,000 | 8.95% | $65,452 | friendly |
| 6 | San Antonio, TXTop 10 | $42,734 | 55.0% | $218 | $295,000 | 8.69% | $53,416 | friendly |
| 7 | Charleston, SCTop 10 | $77,318 | 73.0% | $308 | $560,000 | 8.28% | $106,585 | restricted |
| 8 | Atlanta, GATop 10 | $49,548 | 63.0% | $236 | $395,000 | 7.53% | $75,648 | restricted |
| 9 | Smoky Mountains, TNTop 10 | $50,777 | 78.0% | $157 | $440,000 | 6.92% | $67,161 | friendly |
| 10 | Honolulu, HITop 10 | $96,691 | 81.0% | $332 | $870,000 | 6.67% | $135,019 | restricted |
| 11 | New Orleans, LA | $32,316 | 56.0% | $169 | $295,000 | 6.57% | $49,345 | restricted |
| 12 | Shenandoah, VA | $34,245 | 67.0% | $149 | $340,000 | 6.04% | $37,098 | friendly |
| 13 | Asheville, NC | $48,197 | 57.0% | $252 | $490,000 | 5.90% | $58,529 | restricted |
| 14 | Poconos, PA | $29,035 | 35.0% | $108 | $315,000 | 5.53% | $34,761 | friendly |
| 15 | Orlando, FL | $32,547 | 72.0% | $143 | $355,000 | 5.50% | $51,640 | friendly |
| 16 | Panama City Beach, FL | $43,362 | 98.0% | $113 | $480,000 | 5.42% | $55,909 | friendly |
| 17 | Branson, MO | $24,857 | 45.0% | $174 | $280,000 | 5.33% | $35,447 | friendly |
| 18 | Denver, CO | $47,777 | 84.0% | $176 | $560,000 | 5.12% | $66,839 | restricted |
| 19 | Fort Lauderdale, FL | $44,032 | 65.0% | $212 | $520,000 | 5.08% | $61,329 | restricted |
| 20 | Austin, TX | $43,791 | 81.0% | $163 | $550,000 | 4.78% | $67,466 | restricted |
| 21 | Key West, FL | $86,700 | 79.0% | $307 | $1,100,000 | 4.73% | $142,603 | restricted |
| 22 | Seattle, WA | $60,855 | 71.0% | $255 | $780,000 | 4.68% | $86,915 | restricted |
| 23 | Joshua Tree, CA | $32,923 | 52.0% | $174 | $430,000 | 4.59% | $42,121 | friendly |
| 24 | Miami Beach, FL | $51,430 | 70.0% | $224 | $680,000 | 4.54% | $69,100 | restricted |
| 25 | Myrtle Beach, SC | $22,859 | 73.0% | $103 | $310,000 | 4.42% | $30,635 | friendly |
| 26 | Phoenix, AZ | $30,545 | 78.0% | $121 | $420,000 | 4.36% | $44,031 | friendly |
| 27 | Dallas, TX | $27,394 | 62.0% | $139 | $380,000 | 4.33% | $36,578 | friendly |
| 28 | Los Angeles, CA | $67,108 | 88.0% | $230 | $950,000 | 4.24% | $98,396 | prohibited |
| 29 | Fredericksburg, TX | $40,867 | 43.0% | $278 | $580,000 | 4.23% | $53,936 | friendly |
| 30 | Gulf Shores, AL | $27,247 | 52.0% | $147 | $395,000 | 4.14% | $33,672 | friendly |
| 31 | Maui, HI | $74,952 | 69.0% | $304 | $1,150,000 | 3.91% | $93,428 | restricted |
| 32 | Pigeon Forge, TN | $30,290 | 48.0% | $194 | $465,000 | 3.91% | $40,035 | friendly |
| 33 | Destin, FL | $40,353 | 53.0% | $210 | $625,000 | 3.87% | $48,840 | friendly |
| 34 | Steamboat Springs, CO | $59,811 | 48.0% | $373 | $975,000 | 3.68% | $81,942 | friendly |
| 35 | San Diego, CA | $55,790 | 77.0% | $208 | $920,000 | 3.64% | $75,899 | restricted |
| 36 | Big Bear Lake, CA | $31,020 | 29.0% | $309 | $520,000 | 3.58% | $39,689 | restricted |
| 37 | Cape Coral, FL | $21,712 | 59.0% | $99 | $370,000 | 3.52% | $31,949 | friendly |
| 38 | Gatlinburg, TN | $27,950 | 66.0% | $119 | $485,000 | 3.46% | $36,415 | friendly |
| 39 | Houston, TX | $17,154 | 54.0% | $107 | $310,000 | 3.32% | $28,042 | friendly |
| 40 | Portland, OR | $26,704 | 90.0% | $86 | $490,000 | 3.27% | $32,572 | restricted |
| 41 | Sedona, AZ | $46,593 | 71.0% | $204 | $870,000 | 3.21% | $62,008 | restricted |
| 42 | Hilton Head, SC | $29,751 | 60.0% | $173 | $580,000 | 3.08% | $40,622 | friendly |
| 43 | Outer Banks, NC | $28,209 | 38.0% | $211 | $620,000 | 2.73% | $39,522 | friendly |
| 44 | Lake Tahoe, CA | $35,481 | 60.0% | $172 | $790,000 | 2.70% | $49,095 | restricted |
| 45 | Scottsdale, AZ | $29,570 | 55.0% | $151 | $780,000 | 2.28% | $40,366 | friendly |
| 46 | Aspen, CO | $114,641 | 57.0% | $602 | $3,200,000 | 2.15% | $162,340 | restricted |
| 47 | Park City, UT | $43,588 | 33.0% | $368 | $1,250,000 | 2.09% | $57,832 | restricted |
| 48 | Breckenridge, CO | $37,964 | 38.0% | $297 | $1,100,000 | 2.07% | $48,235 | restricted |
| 49 | Kissimmee, FL | $9,279 | 49.0% | $53 | $340,000 | 1.64% | $17,509 | friendly |
| 50 | Palm Springs, CA | $10,256 | 41.0% | $80 | $650,000 | 0.95% | $14,560 | friendly |
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