Dallas Ranked Among Best For Airbnb Investors

Travelers are increasingly springing for cozy vacation rentals rather than traditional hotels, and business is booming in many cities, including Dallas. So it makes sense that a new report named Dallas the 47th best city in the country to invest.

Here’s what they found for Dallas:

(For investment properties)

• Annual profit: $12,684
• Average daily Airbnb rate: $135
• Occupance rate: 58 percent

Investors should look to California for Airbnb investments. The Golden State is home to four of the top 10 cities to invest in, according to the report. That includes Moreno Valley, ranked the No. 1 city for investors with a yearly profit of more than $33,000.

1. Moreno Valley, CA
2. Virginia Beach, VA
3. Pasadena, TX
4. Garden Grove, CA
5. Fremont, CA
6. Grand Prairie, TX
7. Columbus, GA
8. Oxnard, CA
9. Orlando, FL
10. Shreveport, LA

Renters, meanwhile, ought to flock to Washington state, home to the two best cities in America: Spokane and Vancouver. Renters in Spokane are treated to an average daily rate of just $98. Meanwhile, half of the vacation rentals are so-called “superhosts,” meaning they go “above and beyond” to provide the best experience for guests.

“You can be sure you’ll find a chocolate on your pillow (and maybe even a towel in the shape of an animal) at these Airbnbs,” the authors wrote.

Eugene and Portland, both in Oregon, also ranked in the top five for renters.

Researchers at IPX1031 looked at cities with at least 150,000 people to determine the best cities for investment properties. These cities present the most “bang” for buck, the authors wrote. The authors used Airbnb data using short-term rental analytics from AirDNA. They then calculated potential profit by looking at average daily rate and average monthly occupancy rate to determine monthly revenue. Average monthly mortgage payment also factored into that calculation.

Patch national staffer Dan Hampton contributed to this report.