“Where to invest?” is a common question we hear from investors—and for good reason. But when and why should I invest are just as important. Because markets and traveler trends are always changing, which can lead to lots of inaccurate guesswork.
Our latest report explores where people are actually buying or thinking of buying a short-term rental. The report complements our Best Places to Invest Report [link https://www.airdna.co/blog/best-places-to-invest-in-us-vacation-rentals-2023] which focused more on places that were the most profitable destinations for investment.
This new report uses data from AirDNA’s Rentalizer tool [link to https://www.airdna.co/airbnb-calculator] which calculates the revenue potential of any property in any market. Similar to other real estate estimates it relies on comparable STR listings to make estimates on any property in the world. Jamie Lane shared insights into the methodology and how customers can ensure the get the most accurate estimate possible. Rentalizer searchers are a good indicator of which markets and destinations are the most popular for STR investment.
AirDNA relies on first-party data, along with partner and sourced data, to power its intelligence platform and custom reports. First-party data is data collected by a company from its own customers, while third-party data is data collected by external parties.
Discrepancies in Rentalizer results can be caused when the comparable property set has high covariance. Covariance measures how two variables change together. A high covariance means that two variables tend to increase or decrease together, while a low covariance means that they tend to vary independently.
AirDNA recently released a new Ranked Series where we explore the topic of where to invest from multiple angles. See our first ins lament here [link to https://www.airdna.co/blog/ranked-by-airdna-cabins-apartments-beach-houses]
Reach out to AirDNA with suggestions or questions anytime!
