5. Coachella, California

Famous for its annual music festival, Coachella, CA, attracts a large number of tourists, especially during the festival season, boosting short-term rental demand significantly.

Coachella has seen a 4.10% increase in home values, with the average price now at $412,875. This market thrives with an ADR of $462.00 and an occupancy rate of 51%, translating to an annual revenue of $74,207 from 433 active rentals. The gross yield here is 14.98%, with a cap rate of 8.99%.

Check out our Coachella Airbnb Investor Guide for a deeper dive into our analysis of this short-term rental market or visit Coachella Rental Regulations to explore the Airbnb laws and regulations.

6. New Orleans, Louisiana

New Orleans, LA, offers a unique blend of music, cuisine, and vibrant festivals, such as Mardi Gras, making it a perennial favorite among tourists.

New Orleans has experienced a decline in home values by -7.10%, with the average price at $241,369. The city’s ADR is $169.00, with an occupancy rate of 60%, leading to an annual revenue of $36,925 from 7,017 active listings. The gross yield is 12.75%, and the cap rate is 7.65%.

To explore investment opportunities in New Orleans, visit Chalet Intel. Our guides offer the knowledge and tools you need to make informed decisions and maximize your returns.

7. Montgomery, Alabama

Montgomery, AL, boasts a rich history, including landmarks like the Rosa Parks Museum and the Alabama State Capitol, drawing numerous visitors each year.

Montgomery has seen a 2.80% increase in home values, with the average price at $137,870. The city’s ADR is $107.00, with an occupancy rate of 59%, resulting in an annual revenue of $20,704 from 487 active listings. The gross yield is 12.51%, and the cap rate is 7.51%.

For further details on this market, explore the free Montgomery Airbnb Investor Guide and Montgomery Rental Regulations.

8. Corpus Christi, Texas

Known for its beautiful beaches and attractions like the Texas State Aquarium and the USS Lexington, Corpus Christi, TX, is a popular destination for beachgoers and history buffs alike.

Corpus Christi has experienced a slight increase in home values by 0.40%, with the average price at $214,380. The ADR is $169.00, with an occupancy rate of 52%, generating annual revenues of $30,634 from 1,923 active rentals. The gross yield is 11.91%, with a cap rate of 7.15%.

Check out our Corpus Christi Airbnb Investor Guide for a deeper dive into our analysis of this short-term rental market or visit Corpus Christi Rental Regulations to explore the Airbnb laws and regulations.

9. Sevierville, Tennessee

Nestled in the Smoky Mountains, Sevierville, TN, offers attractions like Dollywood and numerous outdoor activities, making it a favored destination for families and adventure seekers.

Sevierville has seen a 2.60% increase in home values, with the average price at $369,668. The market boasts an ADR of $222.00 and an occupancy rate of 66%, leading to an annual revenue of $51,755 from 9,828 active rentals. The gross yield is 11.67%, with a cap rate of 7.00%.

For more details on Sevierville’s market, refer to our free investment and market analysis tool that provides comprehensive insights and strategies tailored to investors at all experience levels – Sevierville Chalet Intel.

10. Crystal Beach, Texas

Crystal Beach, TX, is known for its serene coastal environment, perfect for a relaxing getaway.

Crystal Beach has experienced a decline in home values by -6.60%, with the average price at $431,315. The ADR is $309.00, with an occupancy rate of 46%, resulting in an annual revenue of $57,736 from 35 active rentals. The gross yield is 11.15%, with a cap rate of 6.69%.

For a deeper dive into Crystal Beach’s investment potential, explore Crystal Beach Airbnb Investor Guides and Rental Regulations.