BiggerPockets Daily Do These "Top" Housing Markets Work For Short-Term Rentals?
Apr 7, 2025
The discussion kicks off with an analysis of Zillow's top housing markets for short-term rentals, weighing their appeal against real-world regulations and demand. Buffalo and Indianapolis emerge as contenders, but come with their own sets of challenges. The conversation then shifts to St. Louis, Charlotte, and Kansas City, exploring their occupancy rates and revenue potential. Finally, Richmond shows promise despite high prices, while Salt Lake City warns investors to be cautious due to competition and strict regulations.
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Indianapolis: High Risk for STRs
- Indianapolis has strong investment fundamentals and revenue growth for real estate in general.
- Oversaturation, competition, and lack of major attractions make STRs high-risk, favoring midterm rentals.
Providence: High Potential, Limited Viability
- Providence offers high revenue potential and growing rental demand for STRs.
- High home prices, regulatory barriers, and seasonality limit its overall viability.
Hartford: Potential and Risk
- Hartford has strong demand and low home prices, making it attractive for STRs.
- Increasing listings and strict regulations increase risk and expenses for STR investors.