Top 7 Airbnb Markets in the USA 2024

The best Airbnb markets in the USA combine stunning scenery, top-notch amenities, and high accessibility, making them favorites among travelers and short-term rental investors alike. However, the diversity of the United States ensures no two markets are identical, with unique opportunities shaped by market dynamics, local short-term rental demand, occupancy rates, and tourist trends.

Navigating the regulatory landscape is equally important, as laws vary widely by state, city, and even county. Successful Airbnb hosts must weigh a location's appeal against its operational challenges. To guide your next investment decision, we’ve compiled a list of the ten best Airbnb markets in the best cities in the USA.

Factors to Consider when Choosing Airbnb Markets to Invest in

1. Tourist attractions and local amenities

Top Airbnb markets thrive on proximity to tourist attractions, cultural landmarks, and local amenities. Whether it’s the magic of Orlando’s theme parks, Nashville’s rich musical heritage, or Denver’s access to world-class ski resorts, markets that draw consistent rental demand from travelers are excellent choices for investors. Consider what makes a city unique and whether its features appeal to both domestic and international tourists.

2. Seasonality

Seasonal trends significantly impact occupancy rates in short-term rental markets. For example, while Las Vegas sees steady tourism, summer heat exceeding 110°F (43°C) can lead to slower months. Short-term rental managers must assess their comfort level with seasonal fluctuations and plan for periods of lower demand. Look for markets with a strong year-round appeal or those where peak seasons align with your investment goals.

3. Local taxes and regulations

Regulatory frameworks for short-term rental properties vary widely by city and county. In some markets, compliance might require simple licensing, while others impose stricter rules or higher property taxes. Understanding local zoning ordinances and tax structures is essential for making informed decisions. Perform thorough due diligence before committing to a market to avoid unexpected operational challenges.

4. Market saturation

We are not the first to identify Miami as a popular tourist destination. In fact it's unlikely that any city on our list will catch you as a surprise. The tradeoff with operating in a city where short-term rentals are popular is higher competition.

Some shrewd vacation rental property managers could be better served in lesser-known or up-and-coming cities where the market hasn't become saturated.

5. Accessibility

Easy travel options can boost a market’s appeal to Airbnb guests. While Honolulu is breathtaking, its 11-hour flight from the eastern U.S. may deter some travelers. Cities with strong transportation networks and proximity to major airports often have higher occupancy rates. Accessibility might not be a dealbreaker, but it’s an important factor when selecting the right market for your vacation rental property.

Seven Best USA Airbnb Markets in 2024

1. Las Vegas, Nevada

Even in the scorching summer heat, Las Vegas remains a globally renowned tourist destination, attracting millions of visitors annually. While many travelers gravitate toward the glitz and glamour of the Strip, the surrounding neighborhoods are emerging as prime locations for short-term rental properties, offering a more personalized and often affordable alternative.

What sets Las Vegas apart is its business-friendly regulations, making it easier for Airbnb hosts and short-term rental investors to operate successfully. Add to that its ease of access, with a major international airport and excellent connectivity, and it’s no surprise that Las Vegas claims the top spot among the best Airbnb markets in 2024.

According to AirDNA market statistics for Las Vegas are as follows :

• Market score: 99

• RevPAR: $175.3

• Average daily rate: $313.9

• Average revenue: $55.4K

• Occupancy rate: 56%

• Total active listings: 14,900

2. Orlando, Florida

It’s not just Disney World and Universal Studios that cement Orlando as one of the best Airbnb markets in the USA. The city’s thriving tourism industry, coupled with short-term rental-friendly regulations, makes it a haven for Airbnb investors and hosts looking to capitalize on steady rental demand.

What truly sets Orlando apart is its accessibility. With major airports and a location less than a three-hour flight from major cities like New York, Chicago, and Dallas, Orlando consistently attracts both leisure and business travelers. This combination of tourist attractions, proximity to key markets, and relatively lax local regulations secure Orlando a spot on our list of top vacation rental destinations for 2024.

According to AirDNA market statistics for Orlando are as follows :

• Market score: 84

• RevPAR: $168.5

• Average daily rate: $285.4

• Average revenue: $50.5K

• Occupancy rate: 59%

• Total active listings: 45, 8963

3. Scottsdale, Arizona

With year-round golf, MLB Spring Training, and the appealing dry heat that keeps visitors comfortably warm, Scottsdale shines as a top-tier destination for short-term vacation rentals. Its blend of outdoor activities and luxury offerings makes it a magnet for travelers seeking both relaxation and recreation.

For those who prefer a more urban experience, nearby Phoenix—a bustling city of nearly five million residents—offers every amenity a visitor could want. This combination of resort-style living in Scottsdale and the urban draw of Phoenix positions the area as one of the most attractive Airbnb markets for 2024, an attractive destination appealing to a wide range of Airbnb guests and short-term rental investors alike.

• RevPAR: $178.8

• Average daily rate:$302.8

• Average revenue:$50.7K

• Occupancy rate: 58%

• Total active listings: 21,980

4. Nashville, Tennessee

Though local regulations in Tennessee are constantly evolving, Nashville remains one of the best Airbnb markets for short-term rental investors. Known for its iconic music scene and popular tourist attractions, Nashville continues to draw Airbnb hosts and vacation rental owners seeking strong rental income opportunities.

As a mid-sized city, Nashville offers a sweet spot for short-term rental property managers—balancing the benefits of a thriving tourist market without the intense market saturation of larger metropolitan areas. With competitive property taxes, steady occupancy rates, and diverse traveler appeal, Nashville stands out as a top choice for successful Airbnb hosts and vacation rental investments.

• RevPAR: $201.7

• Average daily rate:$351.6

• Average revenue: $63.6K

• Occupancy rate: 56%

• Total active listings: 11,730

5. Richmond, Virginia

Richmond, Virginia, is a promising addition to the top Airbnb markets, offering a unique opportunity for short-term rental investors. This unsaturated market benefits from a local government that acknowledges the economic value of the short-term rental market.

Governor Glenn Youngkin’s proposed amendments to previous restrictive short-term rental regulations signal a business-friendly environment, attracting Airbnb investors and vacation rental property owners alike. Its convenient location on the East Coast makes it an ideal choice for travelers, adding to its rental demand and ensuring Airbnb hosts can thrive in this up-and-coming market.

• RevPAR: $99

• Average daily rate:$172.3

• Average revenue: $28.7K

• Occupancy rate: 57%

• Total active listings: 1764

6. Fort Worth, Texas

Fort Worth, Texas, may come as a surprise, but it’s quickly emerging as one of the best Airbnb markets. The city recently issued 85 permits for short-term rental properties, reflecting its history of business-friendly regulations that appeal to real estate investors.

Although technically a mid-sized city, Fort Worth shares an international airport and borders with Dallas, Texas, offering travelers easy access to both cities’ tourist attractions and amenities. For vacation rental investors seeking a market with potential for high rental income and relatively low market saturation, Fort Worth is a strong contender.

• RevPAR: $99

• Average daily rate:$172.3

• Average revenue: $28.7K

• Occupancy rate: 57%

• Total active listings: 1764

7. Denver, Colorado

Denver is a standout among Airbnb markets, even with its strict short-term rental laws. While compliance may require extra effort, the rewards for serious short-term rental property managers are substantial.

The city boasts proximity to two of the best ski resorts in the country, just under two hours away by car, making it an ideal destination for outdoor enthusiasts. In Denver, visitors enjoy a vibrant mix of sports, culture, and entertainment, ensuring year-round occupancy rates. For vacation rental properties targeting high-value travelers, Denver offers unmatched annual revenue and potential despite its regulatory challenges.

• RevPAR: $138.7

• Average daily rate:$213.2

• Average revenue: $39.8K

• Occupancy rate: 64%

• Total active listings: 8019

Dominating Airbnb Markets and the Tech to Get You There

Even the most experienced Airbnb hosts and property managers face challenges navigating complex local regulations, property taxes, and the daily demands of managing short-term rental properties. The key to staying ahead in competitive Airbnb markets in U.S cities is choosing the right property management software, designed to simplify and optimize your operations.

The best tools allow you to scale effortlessly, enhance guest communication, streamline maintenance operations, and leverage smart integrations that improve efficiency and boost rental income. Selecting the right software is as critical as choosing the best and top short-term rental markets for your vacation rental business.

Hostaway’s all-in-one vacation rental software is rated number one on Capterra and G2, offering everything you need to dominate in even the most competitive markets. Book a free demo today and discover how it can transform your short-term rental and investment property strategy.