
Florida’s short-term rental market isn’t built on blockbuster destinations like Miami Beach, Orlando, or the Keys. When you rank every Florida market by gross yield, the ratio of annual rental revenue to median home value, the data tells a more focused story. The highest-yielding markets cluster along the Atlantic coast and in pockets of the Panhandle, where nightly rates remain strong but home prices haven’t run away from the math. This is a state where investors compete. The yield range, 19.5% at the top in Deerfield Beach, down to 14.2% in Largo, lands every ranked entry in the top 12% of U.S. markets. Entry prices in these cities span from $274,000 to just over $523,000, a fraction of what you’d pay for a trophy property in Miami or Key West, but with returns that outpace both.
Gross yield measures how much annual revenue a property generates relative to its price. It’s a blunt but powerful tool for investors who care about cash flow, not just appreciation. Famous markets miss the cut here because their home values have outpaced revenue growth, turning them into appreciation plays, not cash-flow engines. The data is clear. If your goal is maximum income relative to what you invest, you need to look beyond the headlines. The markets on this list aren’t just affordable, they’re resilient, with active-operator revenues that hold up even as supply and ADRs shift. Every entry sits at or above the 88th percentile for yield nationwide, and the payback periods (gross years to recoup your investment) run as low as 5.2 years. If you want to see which Florida markets actually work for investors, this is where to start.
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Florida Airbnb Market Rankings 2026 (and the City-by-City Breakdown)
| Rank | Market | Gross Yield | Annual Revenue | Median Home Value | ADR | Occupancy | Active Listings |
|---|---|---|---|---|---|---|---|
| 1 | Deerfield Beach | 19.5% | $53,467 | $273,836 | $239 | 54% | 374 |
| 2 | Palm Coast | 18.1% | $62,276 | $343,664 | $268 | 45% | 584 |
| 3 | Hallandale | 17.3% | $48,089 | $278,610 | $260 | 53% | 740 |
| 4 | Delray Beach | 16.8% | $57,152 | $340,609 | $299 | 55% | 459 |
| 5 | Hollywood | 16.2% | $71,480 | $442,573 | $286 | 56% | 2,438 |
| 6 | Punta Gorda | 16.1% | $53,786 | $334,105 | $236 | 33% | 152 |
| 7 | Boynton Beach | 15.8% | $63,329 | $401,143 | $269 | 58% | 194 |
| 8 | Panama City | 15.1% | $43,243 | $286,664 | $236 | 48% | 2,462 |
| 9 | Miami Beach | 14.3% | $74,670 | $523,889 | $291 | 58% | 2,916 |
| 10 | Largo | 14.2% | $47,767 | $337,023 | $285 | 47% | 433 |
Data as of July 11, 2026. Annual revenue is calculated from each market’s average daily rate and occupancy (ADR × occupancy × 365) on trailing 12-month data, gross before expenses, and gross yield divides that by the median home value (Zillow Home Value Index). See the full data methodology.
The headline revenue averages every listing, including part-timers and underperformers. The active-operator benchmark filters to listings with real, sustained booking activity, what a committed buyer should underwrite against. In most Florida markets, the gap between the two is narrow, but always check the active-operator figure for a more realistic projection.
1. Deerfield Beach: Top Yield and Surging Demand
Guests in Deerfield Beach can expect a 19.5% gross yield, ranking it in the 96th percentile among 501 U.S. markets. The area combines affordable home values (median $273,836, down 8.2% year-over-year) with strong rental demand. Annual revenue averages $53,467, and the active-operator figure is close at $52,613, indicating that headline numbers are within reach for committed hosts. The seasonality is classic South Florida, with occupancy peaking at 77% in March (ADR $275) and dipping to 38% in September. Snowbirds and vacationers fill winter and spring, while fall is slower. Throughout the past year, occupancy climbed 18% and ADR jumped 22%, even as listings surged 72%. Together, winter and spring account for 63% of annual revenue, making timing important. Most listings are one-bedrooms, but four-bedrooms are top earners at $47,154 per year with a $451 nightly rate. The payback period on active-operator revenue is just 5.2 years, making Deerfield Beach a cash-flow standout in Florida. For more details on property types and monthly performance, visit Deerfield Beach’s analytics page.
| Gross yield | 19.5% |
| Annual revenue | $53,467 |
| Active-operator revenue | $52,613 |
| Occupancy | 54% |
| ADR | $239 |
| Median home value (YoY) | $273,836 (-8.2%) |
| Full-time listings | 374 |
| US yield rank | #19 |
Who it fits. Investors seeking top-tier yield and a short payback period, comfortable with pronounced seasonality.
Regulation: Short-term rentals are permitted in all residential dwellings, provided operators comply with Deerfield Beach’s Code of Ordinances (Chapter 14). Registration and annual licensing are required, along with payment of applicable state and county lodging taxes.
2. Palm Coast: High Revenue and Tightening Supply
Summer is the peak for Palm Coast, which delivers an 18.1% gross yield and sits in the 95th percentile nationally. Annual revenue averages $62,276, with active-operator listings earning $59,737, so focused hosts can hit the headline numbers. Occupancy peaks at 64% in July (ADR $268) and dips to 32% in October, with summer responsible for 36% of yearly revenue. Supply has tightened here. Listings fell 21% year-over-year, but demand kept pace, occupancy rose 9%, and ADR soared 26%. Three-bedrooms are the most common, but five-bedrooms lead in revenue, averaging $58,325 annually at $564 per night. Expect a payback period of 5.8 years, offering high yield and robust summer demand. For those seeking a coastal Florida option with less volatility than Miami or the Keys, Palm Coast stands out. Explore the full revenue breakdown by property type on Palm Coast’s analytics page.
| Gross yield | 18.1% |
| Annual revenue | $62,276 |
| Active-operator revenue | $59,737 |
| Occupancy | 45% |
| ADR | $268 |
| Median home value (YoY) | $343,664 (-4.4%) |
| Full-time listings | 584 |
| US yield rank | #24 |
Who it fits. Buyers seeking summer-driven cash flow and a market where supply constraints support pricing power.
Regulation: Palm Coast requires annual registration with both the city and Flagler County, a business tax receipt, and compliance with city ordinance 2025-01. A Florida DBPR license and payment of tourist development taxes are also mandatory.
3. Hallandale: Affordable Entry and Spring Peaks
The trend in Hallandale is clear: a 17.3% gross yield that ranks in the 94th percentile for U.S. markets. Homebuyers will find a median value of $278,610 (down 11.2% YoY), making it among the most accessible South Florida beach markets by price. Annual revenue averages $48,089, with active operators earning $46,233. March sees occupancy surge to 83% (ADR $275), while September brings a low of 29%. Revenue is heavily weighted toward winter and spring, which together make up 66% of the yearly total. In the past year, ADR exploded by 68%, but occupancy fell 21% and listings dropped 41%, pointing to some demand softening but also a shift toward higher rates. One-bedrooms are most common, but three-bedrooms bring in the most annual revenue at $48,516. The payback period for active-operator returns lands at 6.0 years. Hallandale offers a compelling mix of strong yield and low entry cost for investors seeking a South Florida address. See more details on seasonal trends at Hallandale’s analytics page.
| Gross yield | 17.3% |
| Annual revenue | $48,089 |
| Active-operator revenue | $46,233 |
| Occupancy | 53% |
| ADR | $260 |
| Median home value (YoY) | $278,610 (-11.2%) |
| Full-time listings | 740 |
| US yield rank | #26 |
Who it fits. Value-seeking investors looking for South Florida beach access and strong spring/winter revenue.
Regulation: All vacation rentals in Hallandale Beach must obtain an annual operating license per Ordinance 2023-003. This applies to all properties rented for less than 30 days. Compliance with state and county lodging tax requirements is also necessary.
4. Delray Beach: Consistent Bookings and Strong Spring
The price point in Delray Beach sets it apart with a 16.8% gross yield (93rd percentile), annual revenue of $57,152, and active-operator revenue of $55,695. Median home values are $340,609, down 6.2% over the past year. Occupancy peaks at 73% in March (ADR $299) and stays above 44% even in September, giving the market a steadier profile than most. Spring and winter contribute nearly 60% of annual revenue, but summer and fall also play meaningful roles. The area has experienced a 26% year-over-year occupancy gain, a 23% ADR increase, and a 78% surge in listings, signaling robust demand and supply growth. Most listings are three-bedrooms, but four-bedrooms generate the highest income at $42,870 per year. Expect a payback period of 6.1 years and a minimal revenue gap between headline and active-operator figures. Investors seeking a balanced Florida market with solid year-round demand should consider Delray Beach. See the full monthly breakdown on Delray Beach’s analytics page.
| Gross yield | 16.8% |
| Annual revenue | $57,152 |
| Active-operator revenue | $55,695 |
| Occupancy | 55% |
| ADR | $299 |
| Median home value (YoY) | $340,609 (-6.2%) |
| Full-time listings | 459 |
| US yield rank | #31 |
Who it fits. Investors seeking a stable, diversified revenue stream with strong spring upside.
Regulation: Delray Beach does not currently require a municipal vacation rental license, but operators must comply with Palm Beach County and State of Florida regulations, including tax collection and business registration.
5. Hollywood: Volume and Versatility
Guests booking in Hollywood will find a market that thrives on both scale and adaptability, landing it at the 92nd percentile nationwide for gross yield (16.2%) and ranking #36 among 501 US markets. The city’s 2,438 active full-time listings create a robust ecosystem, supporting a median annual revenue of $71,480 and active-operator earnings of $69,086, figures that handily outpace national medians. Investors here can expect a median occupancy of 56%, with pronounced seasonal swings. March brings a high of 79% occupancy at a $300 ADR, while September occupancy falls to 45%. This seasonality shapes the revenue mix, with winter accounting for 36% of annual income and fall just 16%, rewarding those who optimize for peak periods.
Guests targeting Hollywood will find recent momentum presenting a nuanced story. ADR surged 49% over the past year, even as occupancy dropped 8% and listings contracted by 34%. Supply has tightened, but rising nightly rates suggest owners are reaching for higher-spending guests, possibly offsetting softer demand. Underwriting requires weighing a moderate payback period of 6.4 years, which is attractive for a market of this size and flexibility. The inventory leans toward one-bedrooms (1,335 listings, $25,446/yr, $179 ADR), providing affordable entry points, but luxury six-bedroom homes can gross $147,411 annually at an $844 ADR, appealing to upscale group travelers. Hollywood’s blend of volume, property diversity, and resilient revenue streams makes it a strategic choice for both first-time and seasoned STR investors. For a detailed look at property types and seasonality, see Hollywood’s analytics page.
| Gross yield | 16.2% |
| Annual revenue | $71,480 |
| Active-operator revenue | $69,086 |
| Occupancy | 56% |
| ADR | $286 |
| Median home value (YoY) | $442,573 (-6.5%) |
| Full-time listings | 2,438 |
| US yield rank | #36 |
Who it fits. Buyers looking for a large, established market with options across property types and price points.
Regulation: Short-term rental rules vary by city, county, and HOA. Verify current requirements for the specific property before buying.
6. Punta Gorda: Low Occupancy, High ADR, and Rapid Growth
From the perspective of investors, Punta Gorda’s 16.1% gross yield (92nd percentile) features a unique mix: low occupancy (33%) but a high ADR ($236), with annual revenue at $53,786 and active-operator revenue at $52,789. Median home values have dropped 13.5% to $334,105, making entry more attractive. March is the high point for occupancy at 50% (ADR $331), while February sees a true zero, highlighting sharp seasonality. ADR climbed 55% and listings nearly tripled (+197%) over the last year, yet revenue and occupancy have held steady. Three-bedrooms are the most common, but four-bedrooms top earnings at $26,637 per year. The payback period is 6.3 years. Punta Gorda fits investors who can navigate steep seasonal swings and want to benefit from rising ADRs and a growing supply. For a breakdown of monthly trends, visit Punta Gorda’s analytics page.
| Gross yield | 16.1% |
| Annual revenue | $53,786 |
| Active-operator revenue | $52,789 |
| Occupancy | 33% |
| ADR | $236 |
| Median home value (YoY) | $334,105 (-13.5%) |
| Full-time listings | 152 |
| US yield rank | #37 |
Who it fits. Operators comfortable with pronounced seasonality and willing to underwrite for high ADR, not occupancy.
Regulation: Vacation rentals in Punta Gorda require a public lodging establishment license from the Florida Division of Hotels and Restaurants before the city will issue a business tax receipt. Verify current requirements for the specific property before buying.
7. Boynton Beach: Year-Round Strength and Spring Upside
Spring travelers in Boynton Beach drive occupancy to its annual high of 75% in March, when average daily rates reach $285. Even as the market shifts into summer, occupancy only dips to 53% in June, reflecting a resilience that delivers steady bookings through the year. This balanced seasonality translates into a revenue mix where spring accounts for 28% and winter 26% of annual income, while summer and fall together still contribute a substantial 45%. Boynton Beach’s gross yield of 15.8% places it in the 91st percentile nationally, far surpassing the US median of 9.0%, and its 58% annual occupancy also stands well above the national 45% median. Investors underwriting here will note a payback period of about 6.5 years based on gross active-operator revenue, which is competitive for a market with a $401,143 median home value that has softened by 6.5% year-over-year. The bedroom mix is telling. 1-bedroom units dominate the landscape (91 listings), but it is the 4-bedroom homes that earn the most, bringing in $47,192 annually at a $552 ADR, suggesting larger properties can outperform if acquired at the right price. The recent 32% surge in ADR and 2% occupancy gain, alongside a 64% jump in active listings, point to rising demand met by new supply, yet pricing power remains strong. This dynamic is supported by a broad visitor base seeking both seasonal getaways and off-peak stays, creating a market where volatility is limited and upside remains accessible. For more on property mix and monthly trends, see Boynton Beach’s analytics page.
| Gross yield | 15.8% |
| Annual revenue | $63,329 |
| Active-operator revenue | $61,306 |
| Occupancy | 58% |
| ADR | $269 |
| Median home value (YoY) | $401,143 (-6.5%) |
| Full-time listings | 194 |
| US yield rank | #41 |
Who it fits. Investors looking for consistent bookings and strong spring revenue without extreme volatility.
Regulation: Short-term rental rules vary by city, county, and HOA. Verify current requirements for the specific property before buying.
8. Panama City: Panhandle Play with Summer Peaks
The season in Panama City brings concentrated summer demand and helps drive its 15.1% gross yield (89th percentile). Home values remain affordable at $286,664 (up 1.0% YoY), and annual revenue averages $43,243, with active-operator revenue at $41,808. Occupancy spikes to 83% in July (ADR $284) and drops to 6% in January, showing classic Panhandle seasonality. Summer and spring together contribute 67% of annual revenue. Over the past year, occupancy jumped 21%, ADR rose 29%, and listings fell 21%, tightening supply. Two-bedrooms are most common, but six-bedrooms deliver $116,270 per year at a $1,117 ADR. The payback period comes in at 6.9 years. Investors should focus on active-operator revenue and high summer rates to make the most of the season. For a full breakdown, visit Panama City’s analytics page.
| Gross yield | 15.1% |
| Annual revenue | $43,243 |
| Active-operator revenue | $41,808 |
| Occupancy | 48% |
| ADR | $236 |
| Median home value (YoY) | $286,664 (+1.0%) |
| Full-time listings | 2,462 |
| US yield rank | #52 |
Who it fits. Buyers targeting summer-driven income and willing to manage pronounced seasonal swings.
Regulation: Short-term rentals in Panama City must comply with city zoning and may require a Vacation Rental Certificate, especially within Panama City Beach city limits. Always confirm requirements for the specific property type and location.
9. Miami Beach: High Revenue, High Entry Cost
Miami Beach stands out with a 14.3% gross yield (88th percentile), the highest annual revenue on this list at $74,670, and active-operator revenue at $72,778. The median home value is $523,889, down 5.2% year-over-year, making it the most expensive among Florida’s top ten. Occupancy reaches 74% in March (ADR $312) and falls to 41% in September, with winter alone responsible for 40% of annual revenue. ADR climbed 47% over the past year, while occupancy held steady and listings contracted 28%. Most listings are one-bedrooms, but five-bedrooms can earn $197,402 per year at a $1,365 ADR. The payback period is 7.2 years, longer than most markets here, but the revenue ceiling is unmatched. For a detailed look at property performance, see Miami Beach’s analytics page.
| Gross yield | 14.3% |
| Annual revenue | $74,670 |
| Active-operator revenue | $72,778 |
| Occupancy | 58% |
| ADR | $291 |
| Median home value (YoY) | $523,889 (-5.2%) |
| Full-time listings | 2,916 |
| US yield rank | #56 |
Who it fits. Capitalized buyers seeking premium revenue and willing to navigate complex zoning and licensing.
Regulation: Short-term rentals are permitted in certain Miami Beach zoning districts and require a Certificate of Use, business tax receipt, and state license. Many residential areas prohibit rentals under six months. Always verify zoning and HOA or condo association rules before purchasing.
10. Largo: Spring Revenue and Explosive Listing Growth
Travelers who flock to Largo in March find occupancy rates soaring to 72% and nightly prices averaging $302, making spring the most lucrative season and contributing 30% of annual revenue. Winter also draws significant demand, together with spring accounting for 56% of yearly earnings, while September marks the slowest month with just 36% occupancy. Largo’s median gross yield of 14.2% ranks in the 88th percentile nationwide, outperforming the US median of 9.0% and signaling strong income potential relative to other US markets. Investors weighing the numbers will note the payback period of 7.2 years, which reflects the balance between robust revenues and a median home value of $337,023, a figure that has dipped 4.6% over the past year, potentially lowering acquisition costs for new buyers. The market’s 59% leap in occupancy and 6% rise in ADR over the last year, alongside a staggering 130% increase in active listings, reveal a surge of both guest demand and new supply. This rapid expansion is likely fueled by the area’s appeal during high season and its relatively affordable property prices compared to other Florida metros. The active-operator annual revenue of $46,576 closely tracks the headline average, suggesting that experienced hosts are able to capture the market’s full earning potential. Three-bedroom homes dominate the inventory, but five-bedrooms command the highest annual revenue at $51,468 and a premium $606 ADR, offering scale for those targeting larger groups. For a deeper dive into property mix and monthly performance, see Largo’s analytics page.
| Gross yield | 14.2% |
| Annual revenue | $47,767 |
| Active-operator revenue | $46,576 |
| Occupancy | 47% |
| ADR | $285 |
| Median home value (YoY) | $337,023 (-4.6%) |
| Full-time listings | 433 |
| US yield rank | #57 |
Who it fits. Investors seeking a spring-heavy revenue profile and a market with room for new entrants.
Regulation: Short-term rental rules vary by city, county, and HOA. Verify current requirements for the specific property before buying.
Why Famous Florida Markets Miss the Top Yield Rankings
The big names, Miami, Orlando, Tampa, Key West, are magnets for tourists, but they rarely top the yield charts. The reason is simple. Price. In Miami Beach, for example, home values exceed $500,000, and in Key West, the median is closer to $2 million. Even with strong revenue, the returns relative to purchase price lag behind more accessible markets. These trophy destinations are appreciation plays or luxury branding stories, not the pure cash-flow engines that dominate this ranking. If your goal is maximum yield, you’ll find better math in the overlooked cities above.
How to Read These Rankings Before You Buy
Gross yield is a powerful first filter for short-term rental investors, but it doesn’t capture every nuance. It measures annual revenue divided by median home value, using all active listings, so it reflects the broad market, not just top performers. The active-operator revenue figure is a more realistic underwriting target, as it excludes part-timers and underperformers. Even then, actual returns depend on property type, location within the market, management style, and regulatory compliance. Always verify zoning, HOA rules, and licensing requirements at the property level before making an offer. Use these rankings as a starting point, but dig into the details before you buy.
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