Where to Invest in Short-Term Rentals in 2025: AirDNA’s Top U.S. Markets

Skift Take
Despite high mortgage rates and rising home prices, AirDNA’s 2025 outlook reveals promising opportunities for short-term rental investors, especially in smaller cities where demand and revenue growth are on the rise.
If 2024 was a wake-up call for short-term rental investors, 2025 is the year to take action, according to AirDNA’s 2025 Best Places to Invest in Short-Term Rentals report.
After seeing promising growth in previous years, the market hit a wall in 2024 as new listings slowed significantly, growing just 6.8% nationwide, the report reveals. That figure is a little over half of 14.4% growth from 2023 and less than one-third of 22.1% growth in 2022.
Why the slowdown? AirDNA says that investors were up against higher interest rates, increasing home prices, and a slowdown in revenue growth — all of which made it difficult to