{"id":177677,"date":"2024-09-20T10:39:36","date_gmt":"2024-09-20T16:39:36","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=177677"},"modified":"2024-11-19T11:07:13","modified_gmt":"2024-11-19T18:07:13","slug":"most-profitable-cities-for-short-term-rentals-in-florida","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/most-profitable-cities-for-short-term-rentals-in-florida","title":{"rendered":"The 5 Most Profitable Cities for Short-Term Rentals in Florida"},"content":{"rendered":"\n<p><span data-preserver-spaces=\"true\">If you&#8217;re considering jumping into the Florida Airbnb game, congrats! You&#8217;re about to invest in a state where tourists flock in droves, carrying sunscreen and wallets full of cash.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">But before you go snapping up properties, let\u2019s look at which markets may leave you sunburned or made in the shade.&nbsp;<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">1. Kissimmee: Orlando\u2019s Budget-Friendly Cousin<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Kissimmee is the real estate version of a steal\u2014it\u2019s affordable and only a short drive away from the land of Mickey ears, overpriced churros, and happily screaming children. While Orlando might be the big-name draw, Kissimmee is where savvy investors quietly rake in the dough. Why?<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span data-preserver-spaces=\"true\">Average Daily Rate (ADR):<\/span><\/strong><span data-preserver-spaces=\"true\"> $330<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Occupancy Rate:<\/span><\/strong><span data-preserver-spaces=\"true\"> 59%<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Annual Revenue:<\/span><\/strong><span data-preserver-spaces=\"true\"> $71,065<\/span><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Affordable homes<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">Consider Kissimmee the bargain bin, where all the hidden gems live. Home values are lower than in Orlando, but the location is so close to all the action that tourists don\u2019t care if they can get a deal. Use an <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/business\/finder\/agents\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">investor-friendly agent<\/span><\/a><span data-preserver-spaces=\"true\"> who can help you navigate the different properties coming on the market or, even better, off the market.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">High occupancy rates<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">Families and groups come for the magic of theme parks but don\u2019t always want to shell out Disney resort prices (especially after buying $30 Mickey balloons). As an Airbnb host, you offer a sweet deal while reaping high occupancy rates.&nbsp;&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">With the average median home price of $373,138, the lowest on this list, and occupancy rates at the top, Kissimmee might be the hardest to pronounce but the easiest to invest in.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">2. Key West: Where the Sun Sets and Your Profits Rise<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Key West is the home of margaritas, Hemingway, and sunsets, and it makes people pull out their phones to take pictures faster than a seagull on a french fry. But beyond the laid-back vibe, Key West is the golden goose of Airbnb investments. Sure, properties here cost a pretty penny (average $1.09 million, according to <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.zillow.com\/home-values\/52767\/key-west-fl\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Zillow<\/span><\/a><span data-preserver-spaces=\"true\">), but you\u2019ll be laughing all the way to the bank once those nightly rates start rolling in.<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span data-preserver-spaces=\"true\">Average Daily Rate (ADR): <\/span><\/strong><span data-preserver-spaces=\"true\">$626<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Occupancy Rate:<\/span><\/strong><span data-preserver-spaces=\"true\"> 63%<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Annual Revenue:<\/span><\/strong><span data-preserver-spaces=\"true\"> $143,948<\/span><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Premium prices for premium views<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">You know how people will pay crazy amounts for anything \u201coceanfront\u201d or \u201csunset view\u201d? Yeah, that\u2019s Key West for you. The nightly rates here aren\u2019t just high\u2014they\u2019re \u201clet\u2019s book this place so we can Instagram the view\u201d high. And for you, that means more cash flow to pay that high mortgage.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Year-round demand<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">Unlike other spots with seasons (boooo), Key West operates on a 12-month schedule of tourists who never seem to leave. Whether <\/span><span data-preserver-spaces=\"true\">it\u2019s<\/span><span data-preserver-spaces=\"true\"> winter snowbirds or summer partiers, your Airbnb will always have someone ready to pay top dollar for that island escape.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">So, while your guests sip pi\u00f1a coladas, you can kick back and enjoy the sweet sound of your <a href=\"https:\/\/www.baselane.com\/\" target=\"_blank\" rel=\"noopener\">Baselane<\/a> account going up.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">3. Miami: Flashy, Fun, and Financially Rewarding<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Miami: Where the streets <\/span><span data-preserver-spaces=\"true\">are lined<\/span><span data-preserver-spaces=\"true\"> with neon, the nightlife never stops, and every corner feels like <\/span><span data-preserver-spaces=\"true\">it\u2019s been<\/span><span data-preserver-spaces=\"true\"> designed for reality TV.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">But beyond the flash, there\u2019s some serious real estate potential. Miami is a hot spot (literally) for tourists and business travelers alike, making it a prime location for an Airbnb investor to cash in.<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span data-preserver-spaces=\"true\">Average Daily Rate (ADR): <\/span><\/strong><span data-preserver-spaces=\"true\">$277<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Occupancy Rate: <\/span><\/strong><span data-preserver-spaces=\"true\">56%<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Annual Revenue:<\/span><\/strong><span data-preserver-spaces=\"true\"> $56,618<\/span><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">High-end and midrange properties<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">Whether you&#8217;re investing in a downtown condo or a slightly more affordable suburb, Miami offers a range of property options. Want to cater to partygoers on South Beach? Great! Do you prefer attracting business professionals with a swanky downtown apartment? Also great! There\u2019s money to <\/span><span data-preserver-spaces=\"true\">be made<\/span><span data-preserver-spaces=\"true\"> at all levels.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">International appeal<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">Miami isn\u2019t just a destination for Floridians trying to escape the rest of Florida. It\u2019s an international hub that attracts visitors from Latin America, Europe, and beyond. This constant influx of foreign guests keeps Airbnb occupancy rates sky-high, regardless of season.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">So, whether it\u2019s the Art Basel crowd or spring breakers, your Miami Airbnb will work overtime (while you sip mojitos).<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">4. Miami Beach: Like Miami, But With More Sand and Celebrities<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Just a quick hop across the bridge from Miami, Miami Beach is <\/span><span data-preserver-spaces=\"true\">basically<\/span><span data-preserver-spaces=\"true\"> Miami\u2019s more laid-back, beachier, and pricier cousin. If Miami is the party, Miami Beach is the VIP lounge.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">These properties cater to a higher-end crowd, meaning you can charge premium rates for short-term rentals. With the median home price hovering around $541,438, you\u2019ll need a <\/span><span data-preserver-spaces=\"true\">bigger<\/span><span data-preserver-spaces=\"true\"> investment upfront to start hosting the high-paying beachgoers who flock to Miami Beach yearly.&nbsp;<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span data-preserver-spaces=\"true\">Average Daily Rate (ADR): <\/span><\/strong><span data-preserver-spaces=\"true\">$360.5<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Occupancy Rate:<\/span><\/strong><span data-preserver-spaces=\"true\"> 56%<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Annual Revenue:<\/span><\/strong><span data-preserver-spaces=\"true\"> $73,686<\/span><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Oceanfront luxury<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">Properties in Miami Beach, especially ones with an ocean view, are money printers. <\/span><span data-preserver-spaces=\"true\">The moment<\/span><span data-preserver-spaces=\"true\"> you slap \u201cbeachfront\u201d in your Airbnb listing, you can watch the booking requests (and dollars) roll in.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Year-round events<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">From Art Basel to music festivals, Miami Beach always has something happening, bringing tourists in droves. And unlike in Miami, where regulations are slightly more relaxed, Miami Beach has stricter rules on short-term rentals, which means fewer competitors for you<\/span>!&nbsp;<\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Navigating the regulations is <\/span><span data-preserver-spaces=\"true\">a bit<\/span><span data-preserver-spaces=\"true\"> more work, but it&#8217;s worth it when your guests are shelling out hundreds (or thousands) per night.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">5. Orlando: Mickey Mouse\u2019s Kingdom of Cash<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Orlando needs no introduction\u2014it\u2019s the global epicenter of theme park mania. With Disney World, Universal Studios, and a host of other attractions, tourists flock to Orlando. And with that comes a massive demand for short-term rentals, making it a perfect spot for Airbnb investors.<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span data-preserver-spaces=\"true\">Average Daily Rate (ADR):<\/span><\/strong><span data-preserver-spaces=\"true\"> $216<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Occupancy Rate:<\/span><\/strong><span data-preserver-spaces=\"true\"> 61%<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Annual Revenue: <\/span><\/strong><span data-preserver-spaces=\"true\">$48,092<\/span><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Constant<\/span><span data-preserver-spaces=\"true\"> flow of tourists<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">Orlando&#8217;s theme parks are magnets for families worldwide, and many prefer renting homes instead of staying in overpriced resorts. With families filling up your Airbnb 365 days a year, occupancy rates here rarely take a dip.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Affordable entry point<\/span><\/h3>\n\n\n\n<p><span data-preserver-spaces=\"true\">Orlando properties are more affordable than expected. The average median home is $373,927, making it a sweet spot for investors. For a relatively low cost, you can enter the Airbnb market and cater to tourists eager for a place to stay between their daily theme park marathons.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">It\u2019s like having a front-row seat to the magic kingdom of cash flow\u2014and you don\u2019t even have to wear a Mickey Mouse hat to enjoy it.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Some (Actually Important) Final Thoughts<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">If you play your cards right, <\/span><span data-preserver-spaces=\"true\">serious money can be made<\/span><span data-preserver-spaces=\"true\"> in these five Florida cities. And once that money rolls in, you will need a <\/span><span data-preserver-spaces=\"true\">serious<\/span><span data-preserver-spaces=\"true\"> platform to help sort through it.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">That\u2019s where a <\/span><a href=\"https:\/\/www.baselane.com\/landlord-banking\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.baselane.com\/landlord-banking\/\" rel=\"noreferrer noopener\"><span data-preserver-spaces=\"true\">Baselane<\/span> banking account<\/a><span data-preserver-spaces=\"true\"> comes in. It\u2019s banking built for real estate investors and offers a comprehensive suite of banking and financial management tools specifically designed for short-term rental investors. Their services include banking, rent collection, automated accounting, and reporting, all integrated into a single platform. Once you pick your perfect Florida market, you\u2019ll realize how critical a platform like <a href=\"https:\/\/www.baselane.com\/\" target=\"_blank\" rel=\"noopener\">Baselane<\/a> can be.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">So whether you\u2019re ready to invest in a roller-coaster city like Orlando or a tropical paradise like Key West, Florida\u2019s Airbnb market is hotter than the midday sun. Now go forth, find your ideal property, and watch your profits rise faster than a beachgoer\u2019s tan lines!<\/span><\/p>\n\n\n\n<div id=\"hero-block_f48f6ee858d2280077e049392fa43484\" class=\"first:mt-0 hero-block py-4  alignfull   has-background has-slate-50-background-color has-text-color has-theme-gold-color\">\n    <div\n        class=\"gap-10 lg:gap-20 flex flex-wrap lg:flex-nowrap max-w-screen-xl mx-auto px-4 relative lg:items-center \">\n\n        <div class=\"relative z-30 lg:w-1\/2 \">\n            <main class=\"py-4\">\n                \n\n<p class=\"has-slate-800-color has-text-color has-large-font-size\" style=\"font-style:normal;font-weight:800\">Find the Hottest Markets of 2025!<\/p>\n\n\n\n<p class=\"my-3 md:my-5 lg:my-8 has-slate-900-color has-text-color\" style=\"font-size:18px\">Effortlessly discover your next investment hotspot with the brand new BiggerPockets Market Finder, featuring detailed metrics and insights for all U.S. markets.<\/p>\n\n\n\n<div id=button-custom-event-block_812ed01ef2b650d7a0f5512038163ef5 class='button-custom-event'>\n      <a href=\"https:\/\/www.biggerpockets.com\/markets\" x-on:click=\"window.analytics.track(&#039;Blog Block | Market Finder&#039;, {\n      referrer: &#039;https:\/\/www.biggerpockets.com\/blog\/most-profitable-cities-for-short-term-rentals-in-florida&#039;,\n    });\" class=\" btn-shape inline-block no-underline has-background has-theme-gold-background-color has-text-color has-white-color\" target=\"_blank\">Explore Markets<\/a>\n  <\/div>\n\n            <\/main>\n        <\/div>\n\n                <div class=\"lg:w-1\/2 first:mt-0 relative h-full lg:flex lg:items-center\">\n            <img decoding=\"async\" class=\"object-cover w-full relative z-20 my-0  rounded-md\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2024\/07\/Market-Finder_Site-Module-1.png\" alt=\"\" title=\"\">\n        <\/div>\n            <\/div>\n<\/div>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Florida might be one of the hottest Airbnb markets (literally, hot), but these five markets are the ones you&#8217;ll want to pay more attention to.<\/p>\n","protected":false},"author":613755,"featured_media":177736,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7271,7364],"tags":[],"class_list":["post-177677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-short-term-rentals","category-housing-markets"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/177677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/613755"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=177677"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/177677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/177736"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=177677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=177677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=177677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}