Arizona's Hidden Gems: Top Airbnb Investment Locations

Discovering the crème de la crème of Airbnb markets throughout Arizona is a breeze with Awning's Top Airbnb Market tool. This comprehensive tool is updated monthly and provides insightful rankings along with direct links to the Airbnb data of each market, allowing you to make astute decisions with ease.

Arizona's Airbnb investment landscape is as diverse as its natural beauty, offering something for every investor. Here are the top Airbnb investment markets in Arizona, each with its unique advantages:

1. Tubac, AZ - Best for investors seeking a unique, artsy destination with potential for growth
2. Bisbee, AZ - Best for those wanting to invest in a historic area
3. Cottonwood, AZ - Best for those seeking proximity to popular tourist attractions and a promising ROI
4. Page, AZ - Best for investors interested in capitalizing on the tourism industry
5. Sierra Vista, AZ - Best for investors seeking steady income from short-term rentals due to military base proximity
6. Bullhead City, AZ - Best for investors interested in outdoor recreational markets and Las Vegas proximity
7. Sedona, AZ - Best for those seeking a stable and sustainable market for vacation rentals
8. Munds Park, AZ - Best for investors looking to tap into Arizona's thriving tourism industry
9. Greer, AZ - Best for investors seeking a year-round vacation destination with a limited supply of rental places
10. Goodyear, AZ - Best for those seeking a luxurious but profitable Airbnb investment

1. Tubac, AZ

Tubac, AZ is an ideal prospect for Airbnb investors looking for a profitable market. The city's historic charm, art galleries, and outdoor activities make it a popular destination for tourists. With several annual events that attract visitors, such as the Tubac Festival of the Arts, the city offers a steady stream of guests for Airbnb hosts.

In terms of financials, Tubac boasts an impressive ROI of 10%, with an ADR of $125 and an occupancy rate of 66%. This translates to a revenue of $22k, making it a lucrative market for investors. While the market size is small, with only 83 Airbnbs, the average Airbnb price of $240k suggests that there is room for growth and potential for higher returns.

Investors who would do well in this market are those who appreciate the city's unique charm and are willing to invest in properties that cater to tourists. With its focus on art and outdoor activities, hosts who offer experiences such as guided hikes or art classes may attract more guests and increase their revenue.

2. Bisbee, AZ

Bisbee, AZ, is a captivating destination that presents a great opportunity for investors looking to capitalize on the short-term rental market. This charming town, known for its unique historic appeal, attracts visitors from far and wide. With its proximity to popular tourist attractions such as the Tombstone and Kartchner Caverns, Bisbee offers a wealth of experiences for travelers seeking adventure and exploration.

From a financial standpoint, Bisbee boasts an impressive ROI of 8%, with an ADR of $113 and an occupancy rate of 65%. These factors contribute to an annual revenue of $19,000, making it an attractive market for Airbnb investors.

While Bisbee may have a small market size, with 296 active Airbnb listings, investors who recognize the town's unique charm and historical significance can leverage this appeal to attract guests seeking an authentic and memorable experience.

To succeed in this market, consider enhancing the guest experience by offering personalized recommendations for exploring Bisbee's rich history and nearby attractions. Highlight the town's vibrant arts scene and local festivals, providing guests with a chance to immerse themselves in the culture and community. Additionally, showcasing the proximity to popular tourist destinations like Tombstone and Kartchner Caverns can further increase bookings.

Investing in properties that reflect Bisbee's historic architecture and preserving its unique character can also be a winning strategy. By offering accommodations that are in harmony with the town's aesthetic, investors can appeal to travelers seeking an authentic and immersive experience.

3. Cottonwood, AZ

Cottonwood, AZ can be a goldmine for Airbnb investors looking to tap into the lucrative short-term rental market. Situated close to the renowned tourist attractions of Sedona and benefiting from a flourishing wine industry, Cottonwood offers a unique combination of natural beauty and cultural experiences for visitors.

With an impressive ROI of 8% and an occupancy rate of 74%, Cottonwood presents a lucrative opportunity for Airbnb investors. The ADR stands at $142, contributing to a possible revenue of $25,000 per annum.

Cottonwood’s 324 active Airbnb listings and average Airbnb price of $386,000 reflect the desirability of properties in this market. Investors who can cater to the preferences of travelers seeking a blend of outdoor adventures, wine-tasting experiences, and access to Sedona's attractions are likely to thrive.

To make the most of this opportunity, consider offering unique experiences and amenities that showcase the region's wine industry. Providing information on local vineyards, organizing wine tours, or even offering wine tastings at the property can set your listing apart and attract discerning guests.

Additionally, highlighting the proximity to Sedona's popular tourist attractions, such as hiking trails, red rock formations, and spiritual retreats, can appeal to vacationers. By positioning your property as a convenient base for exploring the wonders of Sedona while enjoying the charm and tranquility of Cottonwood, you can capture the attention of travelers seeking a well-rounded vacation experience.

With a relatively low investment cost and a high ROI, Cottonwood is an excellent choice for investors looking to diversify their portfolios.

4. Page, AZ

With its stunning natural attractions, including Lake Powell and Antelope Canyon, Page, AZ attracts a large number of visitors throughout the year. This high demand for vacation rentals during peak travel seasons makes it a good candidate for a profitable Airbnb venture. Additionally, the city's medium market size and the availability of over 600 Airbnb listings provide a glimpse of how well the Airbnb business is doing in the area.

Page, AZ offers a promising opportunity for Airbnb investors. With an ADR of $142 and an occupancy rate of 65%, investors can anticipate revenue of $23,000. These figures demonstrate the prospect for investors to generate significant income from their Airbnb properties in this city.

Page's key selling point lies in its proximity to iconic natural landmarks. Lake Powell, renowned for its crystal-clear waters and scenic vistas, attracts water sports enthusiasts, boaters, and nature lovers throughout the year. Antelope Canyon, with its captivating slot canyons and stunning rock formations, entices photographers and adventure seekers from all over the world.

To capitalize on this market, consider offering unique experiences and amenities that showcase the natural wonders of Page. Providing information on the best times to visit Lake Powell or organizing tours to Antelope Canyon can add value to your listing and attract guests seeking a memorable and immersive experience.

Since Page experiences peak travel seasons, it is essential to plan your pricing and availability accordingly. Adjusting rates during busy periods and ensuring excellent guest communication and service can help maximize occupancy rates and revenue.

Investors should also consider the possibility of expanding and diversifying their offerings. Page's popularity as a vacation destination creates opportunities to cater to different traveler preferences, such as family-friendly accommodations or adventure-oriented experiences.

5. Sierra Vista, AZ

Sierra Vista, AZ is a recommended choice for Airbnb investors looking to capitalize on the short-term rental market. The city's proximity to Fort Huachuca, a large military base, can mean prospective guests from visiting military personnel and their families. Additionally, Sierra Vista serves as a gateway to outdoor recreation in the Huachuca Mountains, drawing in adventure seekers and nature enthusiasts.

The ADR of $99 and a high occupancy rate of 76% contribute to an annual revenue of $16,000. While Sierra Vista is categorized as a small market with 149 active Airbnb listings, its ROI of 9% demonstrates that it could provide enticing returns on investment.

Positioning your property as a convenient and comfortable base for both military and recreational visitors can attract a diverse range of guests. Consider offering amenities such as flexible check-in/check-out options, pet-friendly accommodations, and easy access to outdoor gear rentals. Providing information on nearby hiking trails, scenic drives, and local attractions can also enhance the guest experience and encourage positive reviews.

Furthermore, establishing positive relationships with military personnel and local organizations can help generate referrals and repeat business. Consider partnering with local businesses to offer exclusive discounts or packages for military personnel or hosting events that cater to their interests and needs.

6. Bullhead City, AZ

Bullhead City’s prime location near the Colorado River and Lake Mohave, coupled with its popularity as a destination for outdoor activities like boating, fishing, and hiking, makes it one of the good options for Airbnb investors in Arizona. The city's proximity to Las Vegas also makes it an attractive option for travelers looking for a more affordable alternative to the bustling city.

With an ROI of 6%, Bullhead City can be a good place to invest for Airbnb investors. The ADR of $195 and an occupancy rate of 57% contribute to potential revenue of $25,000. The average price of an Airbnb property in Bullhead City is $382k, making it an affordable option for investors looking to enter the market.

Investors who are interested in Bullhead City should have a keen eye for properties that offer easy access to the river and lake, as well as those that are close to popular hiking trails and other outdoor activities. Investing in properties that cater to these outdoor activities and offering amenities such as boat rentals or guided hiking tours can help attract more guests and increase revenue potential.

Additionally, consider offering unique experiences and amenities that enhance the guest experience. This could include arranging fishing charters, providing equipment for water sports, or suggesting local hiking trails. By going the extra mile to ensure guests have a memorable stay, you can cultivate positive reviews and secure repeat bookings.

7. Sedona, AZ

Sedona, AZ is an encouraging market for Airbnb investors due to its stunning natural beauty and popularity as a tourist destination. Renowned for its red rock formations, hiking trails, and spiritual retreats, Seledona is a year-round attraction for visitors. The city's strict regulations on short-term rentals further contribute to a stable and sustainable market.

With an ROI of 6%, Sedona is a pretty good investment prospect. The ADR of $228 and an impressive occupancy rate of 78% translate to an annual revenue of $44,000. The large market size, with 3,169 active Airbnb listings, indicates a vibrant and competitive rental market, offering diverse options for investors.

Sedona's allure lies in its awe-inspiring natural landscapes. Visitors flock to the area for outdoor activities such as hiking, mountain biking, and exploring the scenic beauty of the surrounding canyons. Capitalizing on these attractions, investors can curate experiences that cater to the preferences of nature enthusiasts and adventure seekers. Offering guided tours, access to hiking trails, or recommendations for the best viewpoints can enhance the guest experience and differentiate your property in a competitive market.

Delivering exceptional customer service and attention to detail is paramount to succeed in Sedona's Airbnb market. Guests visiting this renowned destination have high expectations, and meeting or exceeding them can result in positive reviews and repeat bookings. Providing amenities that enhance the overall experience, such as spa services, yoga classes, or breathtaking views, can elevate your property and attract discerning travelers.

8. Munds Park, AZ

Located just a short drive from popular destinations like Sedona and Flagstaff, Munds Park offers visitors a peaceful retreat from the hustle and bustle of city life. With its picturesque scenery and abundance of outdoor activities, Munds Park is a popular destination for nature enthusiasts and adventure seekers alike. This provides a lucrative market for Airbnb investors looking to tap into the growing demand for unique and authentic travel experiences.

With an ROI of 6%, Munds Park offers a decent return on investment for Airbnb investors. The ADR of $242 and an occupancy rate of 63% contribute to a yearly revenue of $41,000. While the market size is relatively small, with 298 active Airbnb listings, the average Airbnb price of $676,000 suggests a higher-end market and potential for good returns.

Munds Park's strategic location makes it an ideal base for exploring nearby attractions. Visitors can easily access the breathtaking red rock landscapes of Sedona or the scenic beauty of Flagstaff. Additionally, the area's abundance of outdoor recreational activities, including hiking, fishing, and skiing, ensures a steady stream of potential guests seeking adventure and relaxation.

To maximize success in the Munds Park market, it is essential to provide guests with exceptional experiences and amenities. Consider offering outdoor equipment rentals, guided hiking or fishing trips, or cozy fireplaces for après-ski relaxation during the winter months. By catering to the specific interests of outdoor enthusiasts and providing a comfortable and memorable stay, you can attract more guests and potentially increase your revenue.

9. Greer, AZ

Greer, AZ is a top market for Airbnb investors due to its popularity as a year-round vacation destination. With activities such as skiing, fishing, and hiking, visitors flock to this small town in the White Mountains of Arizona. Additionally, the limited supply of rental properties in the area offers an opportunity for investors looking to capitalize on the high demand for accommodations.

With an ROI of 7%, Greer can be a sound business for Airbnb investors. The ADR of $180 and an occupancy rate of 56% contribute to an estimated annual revenue of $28,000.

Although the market size is relatively small with only 134 active Airbnb listings, Greer's limited supply of rental properties is a key factor in its investment appeal. As demand for vacation rentals continues to rise, the scarcity of available accommodations in the area presents an excellent opportunity for investors to establish themselves as top choices for visitors seeking a memorable stay in this picturesque mountain retreat.

Consider providing equipment rentals, guided fishing or hiking tours, or cozy cabins with scenic views to enhance the guest experience and differentiate your property from others in the market.

10. Goodyear, AZ

Goodyear's proximity to the Phoenix International Raceway makes it a sought-after destination for motorsports enthusiasts and event attendees. Additionally, the nearby Estrella Mountain Regional Park offers opportunities for outdoor activities, including hiking, biking, and wildlife observation. These attractions, combined with a growing population and a strong job market, contribute to a steady influx of visitors throughout the year.

To capitalize on this market, consider highlighting the unique selling points of Goodyear in your listing. Emphasize the proximity to popular attractions and the convenience of accessing both sporting events and natural landscapes. Providing information on local events, such as race schedules or guided hikes, can further entice potential guests and differentiate your listing.

The estimated ROI of 7% makes Goodyear an appealing choice for Airbnb investors. With an ADR of $198 and an impressive occupancy rate of 71%, investors can anticipate an annual revenue of $29,000. Despite being categorized as a small market with 355 active Airbnb listings, the average Airbnb price of $512,000 reflects the desirability of the properties in this area.

Given the higher average Airbnb price in Goodyear, investing in upscale properties and providing premium amenities can appeal to discerning guests looking for a luxurious stay. Consider offering amenities such as private pools, outdoor entertainment areas, or spa-like features to differentiate your listing and attract higher-paying guests.

Bottom Line

In conclusion, Arizona offers diverse and profitable Airbnb investment opportunities. Whether it's Tubac's artistic charm, Cottonwood's growing wine industry, or Page's stunning natural attractions, each market presents a unique proposition for investors. Understanding the specific appeal and financials of each market is crucial to making a successful investment. Armed with these insights, investors can find the right fit for their portfolio, investment strategy, and personal preferences.