Investing in Airbnb properties can be lucrative, and finding the right market is crucial. This article explores top markets in Massachusetts for Airbnb investment, offering detailed insights into potential return on investment (ROI), average daily rates (ADR), occupancy rates, and unique market features. Whether you're an established investor or looking to get started, this guide will help you navigate the profitable landscape of Airbnb investing in Massachusetts.
Awning introduces the game-changing Top Airbnb Market tool, revolutionizing the way you discover the finest Airbnb markets across the United States. With up-to-date rankings and direct links to each market's Airbnb data, this comprehensive tool empowers you to make well-informed decisions effortlessly.
As we look at the top markets in Massachusetts, each has unique features that can be ideal for specific investors:
- North Adams, MA - Best for investors seeking growth in a touristy, affordable market.
- Boston, MA - Best for those seeking stability and a diverse visitor base.
- Provincetown, MA - Ideal for investors interested in niche markets with high returns.
- Becket, MA - Best for investors wanting a profitable investment with limited competition.
- Sheffield, MA - Ideal for those seeking high return in a small, high-demand market.
- Pittsfield, MA - Best for those interested in a market with growing tourism and a rich arts scene.
- Great Barrington, MA - Ideal for investors seeking strong community and cultural richness.
- South Chatham, MA - Best for those looking for a small market with high returns.
- Gloucester, MA - Ideal for investors attracted to coastal locations with a strong demand for rentals.
- Marshfield, MA - Ideal for coastal investors seeking high rental demand near Boston and Cape Cod.
1. North Adams, MA
North Adams, MA is a promising market for investors looking to capitalize on the growing tourism industry and the affordable real estate market. The city offers a range of attractions, including the renowned MASS MoCA museum, making it an appealing destination for travelers.
The projected ROI of 15% and estimated annual revenue of $22,000 demonstrate the financial potential of investing in North Adams' Airbnb market. The average Airbnb price of $158,000 reflects the affordability of properties in the area, creating opportunities for investors with varying budgets to enter the market. With 157 active Airbnbs, investors have a competitive market to navigate, but also ample opportunities to establish a presence and attract guests.
To maximize the potential of their investments, hosts in North Adams should highlight the unique qualities of the city. Emphasize the proximity of your property to MASS MoCA, one of the largest contemporary art museums in the United States. Showcase the museum's diverse exhibitions, special events, and cultural offerings, attracting art enthusiasts and visitors seeking a unique cultural experience.
In addition to MASS MoCA, North Adams boasts natural beauty and outdoor recreational opportunities. Promote nearby outdoor attractions such as Mount Greylock State Reservation, offering hiking trails and stunning views, and Windsor Lake, where guests can enjoy swimming, fishing, and boating. Highlight the city's proximity to the Appalachian Trail, appealing to hikers and outdoor enthusiasts.
North Adams' vibrant downtown area is also worth highlighting. Showcase the city's local shops, galleries, and restaurants, promoting the unique culinary experiences and the opportunity to support local businesses. Encourage guests to explore the downtown scene, attend local events and festivals, and discover the city's charm and community spirit.
To stand out in the market, consider offering unique amenities or experiences. Provide bicycles for guests to explore the city and its surroundings. Collaborate with local businesses to offer discounts or special packages, creating added value for guests and supporting the local economy. Consider hosting workshops or events that showcase local art, craft, or culinary traditions, providing guests with an immersive and memorable experience.
Given North Adams' appeal to art enthusiasts, consider curating your property's decor to reflect the local arts scene. Display artwork from local artists or provide information about art galleries and studios in the area. Incorporate artistic touches into the property's design to create a visually appealing and engaging space for guests.
By leveraging North Adams' growing tourism industry, proximity to MASS MoCA, natural beauty, and vibrant downtown scene, hosts can create compelling listings that attract a range of travelers. By providing exceptional hospitality, emphasizing the city's unique attractions, and offering memorable guest experiences, investors can unlock the full potential of North Adams' short-term rental market and achieve a strong return on investment.
2. Boston, MA
Boston, MA is a bustling city with a high demand for short-term rentals, making it an attractive market for Airbnb investors. With the city's high tourism rate and limited hotel availability, numerous universities, and a growing tech sector, Boston offers a diverse range of visitors and a steady stream of potential renters.
With a projected ROI of 4% and estimated annual revenue of $20,000, investing in the Boston Airbnb market offers the potential for solid returns. With 3,071 active Airbnbs, the market in Boston is large and competitive, providing both opportunities and challenges for investors to establish a presence. The average Airbnb price in Boston stands at $775k, reflecting the city's competitive market. The ADR is $151, further solidifying the city's profitability. Impressively, Boston maintains a high occupancy rate of 73%, ensuring a steady flow of guests throughout the year.
To maximize the potential of their investments in Boston, hosts should focus on highlighting the unique qualities of the city. Emphasize the city's rich history and cultural attractions, such as the Freedom Trail, Harvard University, and the Museum of Fine Arts. Showcase the diverse neighborhoods, each with its own distinct character and offerings, allowing guests to experience the vibrant tapestry of Boston's culture and community.
Boston's reputation as a center of education, innovation, and healthcare also contributes to its appeal. Highlight the proximity of your property to universities, research institutions, and medical centers, attracting students, visiting scholars, professionals, and patients seeking temporary accommodations. Position your property as a convenient and comfortable home away from home for those engaged in academic pursuits, business ventures, or medical treatments.
Given Boston's status as a major sports hub, consider leveraging the city's sports culture to attract guests. Highlight the proximity of your property to iconic sports venues like Fenway Park, TD Garden, or Gillette Stadium, offering sports enthusiasts convenient access to their favorite teams and games.
To cater to business travelers, offer amenities such as a dedicated workspace, high-speed internet access, and proximity to transportation hubs or business districts. Emphasize the convenience of your property's location for those attending conferences, conventions, or corporate events in Boston.
Boston's culinary scene is renowned, with diverse dining options ranging from international cuisines to local specialties. Highlight the nearby restaurants, food markets, and food tours to appeal to guests seeking a culinary experience. Provide recommendations for local favorites and hidden gems, allowing guests to indulge in Boston's gastronomic delights.
The city's green spaces and outdoor recreational opportunities should not be overlooked. Promote nearby parks, such as Boston Common and the Charles River Esplanade, where guests can enjoy walking, jogging, cycling, or boating. Highlight Boston's proximity to coastal areas and beaches, attracting guests who appreciate both urban amenities and natural beauty.
Boston is a major tourist destination, and guests expect a high level of comfort and convenience during their stay. Furnish your property with comfortable and stylish furniture, quality bedding, and essential amenities like Wi-Fi, air conditioning, and a well-equipped kitchen. Consider providing extras such as a welcome basket, local guidebooks, and recommendations for popular attractions, restaurants, and events in the area to enhance the guest experience.
Investors looking for a stable market with a large potential customer base would do well in Boston. The city's high occupancy rates and average daily rates provide a solid foundation for consistent revenue. Additionally, the large market size and diverse range of visitors offer opportunities for investors to cater to specific niches, such as business travelers or families visiting college students.
3. Provincetown, MA
Provincetown, MA presents a unique and promising opportunity for investors in the short-term rental market. Known for its vibrant LGBTQ+ community, stunning beaches, and thriving arts and culture scene, Provincetown attracts a diverse range of visitors seeking a memorable vacation experience.
With a projected ROI of 2% and estimated annual revenue of $38,000, investing in Provincetown's Airbnb market offers the potential for steady returns. The average Airbnb price of $1.8 million reflects the premium value of properties in this highly sought-after destination, positioning investors to cater to guests looking for upscale accommodations and a luxurious experience. With a medium market size of 745 active Airbnbs, there is a balanced level of competition and opportunities for new investors to enter the market. The ADR of $261 and an occupancy rate of 66% further attest to the strong demand for vacation rentals in Provincetown.
To maximize the potential of their investments in Provincetown, hosts should focus on highlighting the unique qualities of the town. Emphasize the town's rich history and cultural significance, such as its role in the arts movement and its reputation as an LGBTQ+ haven. Showcase the vibrant arts scene, including galleries, theaters, and annual events like the Provincetown International Film Festival and the Provincetown Art Association and Museum's exhibitions.
Provincetown's stunning beaches are a major draw for visitors. Highlight the proximity of your property to popular beaches like Race Point Beach and Herring Cove Beach, showcasing opportunities for swimming, sunbathing, and enjoying water activities. Promote the availability of beach amenities such as chairs, umbrellas, and beach towels to enhance the guest experience.
The LGBTQ+ community is an integral part of Provincetown's identity. Position your property as LGBTQ+ friendly and inclusive, appealing to travelers seeking an accepting and welcoming environment. Highlight nearby LGBTQ+-owned businesses, events, and venues that celebrate diversity and equality.
Provincetown's culinary scene is diverse and celebrated. Highlight the town's renowned seafood offerings, including fresh lobster, oysters, and clams. Provide recommendations for local restaurants, cafes, and bars that showcase the best of Provincetown's gastronomy. Consider partnering with local chefs or hosting private dining experiences to offer guests a taste of Provincetown's culinary delights.
Provincetown is also known for its lively nightlife and entertainment options. Highlight the town's iconic drag shows, cabarets, and live performances, attracting guests looking for a vibrant and memorable night out. Provide information about local venues, events, and shows to help guests plan their evenings and make the most of Provincetown's entertainment offerings.
Outdoor activities and natural beauty are abundant in Provincetown. Promote nearby opportunities for hiking, biking, and exploring the scenic landscapes of the Cape Cod National Seashore. Highlight whale watching tours and other water-based activities, allowing guests to experience the rich marine life of the area. Showcase the town's picturesque sunsets and breathtaking views, capturing the essence of Provincetown's natural beauty.
To enhance the guest experience, consider offering unique amenities or experiences that reflect Provincetown's character. Collaborate with local artists or artisans to provide workshops, art classes, or private gallery tours. Partner with local tour operators to offer guided tours that showcase Provincetown's history, culture, and natural wonders.
By capitalizing on Provincetown's high demand for vacation rentals, its vibrant LGBTQ+ community, and its rich arts and culture scene, hosts can position their properties as sought-after accommodations in this unique destination. By providing exceptional hospitality, personalized recommendations, and highlighting the town's diverse offerings, investors can maximize occupancy rates, generate significant revenue, and achieve a solid return on investment in the captivating town of Provincetown.
Investors who are interested in catering to a specific demographic, such as the LGBTQ+ community, would do well in Provincetown. The high occupancy rates and average daily rates provide a strong foundation for consistent revenue, while the limited hotel options in the area create a high demand for short-term rentals. Additionally, the small market size allows for a more personalized approach to property management and customer service.
4. Becket, MA
Becket, MA presents a lucrative opportunity for investors in the short-term rental market. With its close proximity to popular ski resorts and cultural attractions like Tanglewood, Becket is a year-round destination for tourists. The town's small market size and limited number of Airbnbs also make it a less competitive market, allowing investors to potentially earn higher returns on their investment.
With a projected ROI of 9% and estimated annual revenue of $43,000, investing in Becket's Airbnb market promises attractive returns. The average Airbnb price of $483,000 reflects the value of properties in this desirable location, positioning investors to cater to guests seeking upscale accommodations and memorable experiences.
While the market size may be small, with 33 active Airbnbs, this creates a sense of exclusivity and limited competition, presenting an opportunity for investors to capitalize on the market's potential. With an ADR of $219 and an occupancy rate of 65%, Becket showcases a strong demand for vacation rentals.
To maximize the potential of their investments in Becket, hosts should emphasize the unique qualities and attractions of the area. Highlight the town's proximity to popular ski resorts such as Jiminy Peak and Bousquet Mountain, showcasing the convenience and accessibility for guests seeking winter sports and outdoor adventures. Promote nearby ski rental shops, lessons, and après-ski activities to enhance the guest experience.
Becket is also known for its vibrant cultural scene, with Tanglewood being a major draw for music lovers. Emphasize the town's connection to Tanglewood, promoting your property as an ideal accommodation option for guests attending concerts and performances. Provide information about ticket availability, shuttle services, and pre- and post-concert dining options to help guests plan their visit.
Nature enthusiasts will find Becket a haven with its picturesque landscapes and outdoor recreational opportunities. Highlight nearby hiking trails in the Beartown State Forest and the October Mountain State Forest, showcasing the natural beauty and serenity of the area. Promote activities such as fishing, kayaking, and swimming in the pristine lakes and rivers of the Berkshires. Provide recommendations for local outfitters, guided tours, and equipment rentals to enhance the guest experience.
Becket's local charm and small-town atmosphere should be emphasized. Showcase the town's quaint shops, local eateries, and community events, offering guests an authentic Berkshires experience. Highlight seasonal events and festivals that take place in Becket, such as the Jacob's Pillow Dance Festival, attracting visitors from near and far. Encourage guests to explore the town's cultural heritage, historic sites, and charming Main Street.
To enhance the guest experience, consider offering unique amenities that reflect the spirit of Becket. Provide outdoor seating areas, fire pits, or hot tubs for guests to relax and enjoy the natural surroundings. Collaborate with local artisans or businesses to offer workshops or experiences that showcase the Berkshires' arts and crafts, such as pottery or painting classes.
Becket, MA is an ideal market for investors seeking a profitable Airbnb investment with limited competition. The town's proximity to popular ski resorts and cultural attractions make it a year-round destination for tourists, providing investors with a steady stream of rental income. Investors who are willing to invest in a small market with limited competition can potentially earn higher returns on their investment. Becket, MA is a promising market for investors looking to enter the short-term rental market in Massachusetts.
5. Sheffield, MA
Sheffield, MA presents a golden opportunity for investors in the short-term rental market. Nestled in the beautiful Berkshires, this picturesque town offers a serene retreat for visitors seeking natural beauty, cultural attractions, and a tranquil getaway. Also, the town's proximity to Tanglewood, the summer home of the Boston Symphony Orchestra, and the Norman Rockwell Museum make it an ideal location for visitors looking to experience the arts and culture of the region. This has led to a high demand for short-term rentals, making Sheffield a lucrative market for Airbnb investors.
From a financial perspective, Sheffield boasts an impressive ROI of 12%, ensuring attractive profitability for investors. With a potential revenue of $43k, this market presents a compelling opportunity for generating significant income. The average Airbnb price in Sheffield stands at $559k, reflecting the value and desirability of properties in this enchanting location. Although the market size is small, with 31 active Airbnbs, this limited supply contributes to a sense of exclusivity and creates room for investors to establish a foothold in the market. With an ADR of $251 and an occupancy rate of 63%, Sheffield demonstrates a strong demand for vacation rentals.
To maximize the potential of their investments in Sheffield, hosts should highlight the town's unique qualities and attractions. Emphasize the town's proximity to renowned cultural destinations such as Tanglewood, the summer home of the Boston Symphony Orchestra. Promote your property as an ideal accommodation option for guests attending concerts and performances, providing information about ticket availability and nearby dining options.
Sheffield is also home to the Norman Rockwell Museum, showcasing the iconic American artist's works and offering a glimpse into the region's rich artistic heritage. Highlight the museum's collection and exhibits, inviting guests to explore this cultural gem. Collaborate with the museum to offer special packages or discounts for museum-goers, enhancing the guest experience and attracting art enthusiasts.
Nature lovers will find Sheffield a haven with its stunning landscapes and outdoor recreational opportunities. Highlight nearby hiking trails, such as the Appalachian Trail and Bash Bish Falls State Park, showcasing the natural beauty and tranquility of the area. Promote activities like fishing, kayaking, and wildlife observation in the nearby lakes and rivers. Provide recommendations for local guides, equipment rentals, and picnic spots to enhance the guest experience.
Sheffield's small-town charm and historic architecture should be emphasized. Showcase the town's quaint shops, art galleries, and local eateries, offering guests an authentic Berkshires experience. Highlight seasonal events and festivals that take place in Sheffield, such as the Sheffield Arts Festival or the Sheffield Fair, providing guests with opportunities to immerse themselves in the town's vibrant community spirit.
To create a memorable stay for guests, consider offering unique amenities that reflect the spirit of Sheffield. Provide outdoor seating areas with panoramic views, fire pits, or access to private gardens where guests can relax and soak in the natural beauty. Collaborate with local artisans or businesses to offer workshops or experiences that celebrate the Berkshires' arts and crafts, such as painting classes or pottery workshops.
Investors who are looking for a peaceful retreat in a picturesque location and want to capitalize on the growing demand for short-term rentals in the Berkshires would do well in Sheffield. The town's small market size and high demand for rentals make it an attractive opportunity for investors who are looking for a low-risk investment with a high return. Additionally, investors who are interested in the arts and culture of the region will appreciate the town's proximity to Tanglewood and the Norman Rockwell Museum, which are major draws for tourists visiting the area.
6. Pittsfield, MA
Pittsfield, MA offers an exciting opportunity for investors in the short-term rental market. With its close proximity to popular attractions like Tanglewood and the Norman Rockwell Museum, Pittsfield has become a popular destination for travelers seeking a unique cultural experience. Additionally, the city has seen a surge in its arts and culture scene, with new galleries, theaters, and restaurants opening up in recent years. This has led to a high demand for short-term rentals, making Pittsfield an attractive market for Airbnb investors.
Pittsfield presents an attractive ROI of 10%, ensuring a favorable profitability for investors. With a potential revenue of $19k, this market showcases the potential for generating solid income. The average Airbnb price in Pittsfield stands at $269k, reflecting the value and desirability of properties in this sought-after location. Although the market size is small, with 168 active Airbnbs, this limited supply contributes to a sense of exclusivity and creates room for investors to establish a presence in the market. With an ADR of $162 and an occupancy rate of 60%, Pittsfield demonstrates a steady demand for short-term rentals.
To maximize the potential of their investments in Pittsfield, hosts should highlight the unique characteristics and attractions that make the city a desirable destination. Emphasize the city's proximity to Tanglewood, the renowned summer home of the Boston Symphony Orchestra. Promote your property as an ideal accommodation option for guests attending concerts and performances, providing information about ticket availability, transportation options, and pre- or post-show dining recommendations.
Pittsfield's arts and culture scene should be showcased. Highlight local theaters, galleries, and museums, such as the Berkshire Museum or the Colonial Theatre. Encourage guests to explore the city's vibrant arts district and attend live performances, art exhibits, or community events. Collaborate with local artists or organizations to offer special packages or experiences that showcase the city's artistic spirit.
Nature enthusiasts will be drawn to Pittsfield's proximity to the beautiful Berkshires. Highlight nearby hiking trails, such as the Appalachian Trail or Kennedy Park, offering guests opportunities for outdoor adventures and breathtaking vistas. Promote activities like kayaking, fishing, or paddleboarding in the nearby lakes and rivers. Provide recommendations for local outfitters, guided tours, or picnic spots to enhance the guest experience.
Pittsfield's downtown area should not be overlooked. Highlight the city's charming shops, restaurants, and local eateries, offering guests an authentic taste of the Berkshires. Encourage exploration of the city's historical landmarks, such as the Colonial Theatre or the Berkshire Athenaeum. Provide information about local events, farmers markets, or festivals that take place in Pittsfield, creating a sense of community engagement for guests.
To create an exceptional stay for guests, consider providing unique amenities that showcase Pittsfield's character. Offer cozy reading nooks with local literature or books by Berkshires authors. Provide bicycles for guests to explore the city's bike-friendly trails. Collaborate with local vendors to offer discounts or special experiences at nearby attractions or cultural events.
By leveraging Pittsfield's proximity to renowned attractions, its vibrant arts and culture scene, and its natural beauty, hosts can position their properties as sought-after accommodations in this captivating city. By providing exceptional hospitality, personalized recommendations, and highlighting Pittsfield's unique offerings, investors can maximize occupancy rates, generate reliable revenue, and achieve a solid return on investment in the dynamic city of Pittsfield, Massachusetts.
7. Great Barrington, MA
In our list of top markets for Airbnb investors in Massachusetts is Great Barrington. This charming town is located in the heart of the Berkshires, a popular destination for outdoor enthusiasts and culture seekers alike. With its stunning natural beauty and rich cultural heritage, Great Barrington attracts a steady stream of visitors throughout the year, making it an ideal location for Airbnb investors.
Great Barrington, MA emerges as a lucrative opportunity for investors aiming to capitalize on the robust Airbnb demand. Nestled in the picturesque Berkshires and in close proximity to popular cultural attractions like Tanglewood and the Norman Rockwell Museum, Great Barrington offers a combination of natural beauty and cultural experiences that entice a wide range of visitors.
From a financial standpoint, Great Barrington showcases an appealing ROI of 9%, ensuring a promising profitability for investors. With an estimated revenue of $36k, this market exhibits the potential for generating substantial income. The average Airbnb price in Great Barrington stands at $522k, indicating the value and desirability of properties in this sought-after location. Although the market size is relatively small, with 248 active Airbnbs, this limited supply contributes to a sense of exclusivity and creates room for investors to establish a strong presence. With an ADR of $264 and an occupancy rate of 63%, Great Barrington demonstrates consistent demand for short-term rentals.
To maximize the potential of their investments, hosts in Great Barrington should focus on highlighting the unique qualities and attractions that make the town a sought-after destination. Emphasize the town's proximity to Tanglewood, the renowned summer home of the Boston Symphony Orchestra. Highlight the opportunity for guests to attend world-class concerts and performances, offering information about ticket availability, transportation options, and pre- or post-show dining recommendations.
Great Barrington's connection to the iconic artist Norman Rockwell should not be overlooked. Promote the Norman Rockwell Museum as a must-visit attraction, showcasing the artist's beloved works and providing guests with information on guided tours or special events. Consider partnering with the museum to offer exclusive experiences or discounted admission for guests staying at your property.
Outdoor enthusiasts will be drawn to Great Barrington's natural beauty. Highlight nearby hiking trails such as Monument Mountain or the Appalachian Trail, offering guests opportunities for scenic walks, nature photography, and wildlife observation. Showcase the town's picturesque lakes or rivers, where guests can enjoy fishing, kayaking, or paddleboarding. Provide recommendations for local outfitters, equipment rentals, or picnic spots to enhance the guest experience.
Great Barrington's downtown area is brimming with charm and should be emphasized. Highlight the town's unique shops, boutiques, and art galleries, inviting guests to explore the local craftsmanship and discover one-of-a-kind souvenirs. Promote the town's vibrant restaurant scene, featuring farm-to-table cuisine, local breweries, or quaint cafes. Encourage guests to immerse themselves in the town's cultural events, such as art walks, music festivals, or community gatherings.
To provide an exceptional stay for guests, consider offering personalized touches that reflect the spirit of Great Barrington. Provide a curated list of local attractions, hidden gems, or lesser-known hiking trails to encourage exploration beyond the usual tourist spots. Collaborate with local vendors to offer discounts or special packages for activities like yoga classes, spa treatments, or cooking workshops. Provide guests with bicycles to explore the town or nearby scenic routes.
Investors who are looking for a market with a strong tourism industry and a diverse range of attractions would do well in Great Barrington. The town's proximity to popular cultural destinations such as Tanglewood and the Norman Rockwell Museum, as well as its abundance of outdoor activities, make it an attractive destination for a wide range of travelers. Additionally, investors who are interested in owning a property in a picturesque location with a strong sense of community will find Great Barrington to be a welcoming and rewarding market.
8. South Chatham, MA
South Chatham, Massachusetts is a captivating city that presents an enticing opportunity for investors interested in the short-term rental market. With its charming coastal location and desirable amenities, South Chatham attracts visitors seeking a memorable vacation experience.
The average price of an Airbnb is at $751,000, making it a more expensive market, but the potential ROI is still strong at 6%. Although the market size is small with only 30 active Airbnbs, this provides investors with a chance to establish a competitive presence and cater to the discerning needs of travelers.
Investors in South Chatham can expect to see a steady stream of income from their Airbnb properties due to the high occupancy rate of 82%. Additionally, the average daily rate of $332 is higher than many other markets, providing an opportunity for investors to earn more per night. While the market size in South Chatham is small, with only 30 active Airbnbs, the high demand for vacation rentals in the area makes it a lucrative opportunity for investors.
To maximize the potential of their investments, hosts in South Chatham should focus on highlighting the unique qualities and attractions that make the city a desirable destination. Emphasize the city's coastal charm, pristine beaches, and proximity to popular activities such as boating, fishing, and water sports. Showcase the breathtaking sunsets and provide information on nearby beach access points, recommended water-based excursions, and equipment rental services to enhance the guest experience.
South Chatham's vibrant local culture should also be emphasized. Highlight the city's lively arts scene, including galleries, theaters, and local events. Inform guests about upcoming art exhibitions, live performances, or festivals happening during their stay. Encourage visitors to explore the local shops, boutiques, and farmers markets, where they can find unique souvenirs and experience the warm hospitality of the community.
Outdoor enthusiasts will be drawn to South Chatham's natural beauty. Highlight nearby hiking trails, nature reserves, or wildlife sanctuaries, where guests can embark on scenic walks, birdwatching excursions, or photography sessions. Provide recommendations for local bike rental services, as well as picturesque cycling routes along the coast or through quaint neighborhoods.
Given South Chatham's high occupancy rate of 82%, hosts should prioritize creating a comfortable and inviting space for guests. Pay attention to the finer details, ensuring the property is clean, well-maintained, and equipped with modern amenities. Offer personalized touches such as a welcome basket with local treats, a curated guidebook of recommended restaurants and attractions, or beach gear for guests to enjoy during their stay.
Investors who are looking for a more upscale market with higher-priced properties would do well in South Chatham. The average price of an Airbnb in this market is higher than many other markets, but the potential ROI and annual revenue make it a worthwhile investment. Additionally, investors who are interested in a market with a high occupancy rate and average daily rate would find success in South Chatham. Overall, South Chatham is a top market for Airbnb investors who are looking for a high-end market with strong financial potential.
9. Gloucester, MA
Gloucester, MA is one of the top markets for Airbnb investors in the state due to its unique location and strong demand for short-term rentals. The city is situated on the coast, offering visitors stunning views and access to a variety of outdoor activities. Its thriving tourism industry also makes it an attractive destination for vacationers, with many seeking out short-term rentals for their stay. Additionally, Gloucester's historic charm and proximity to Boston make it a desirable location for those looking to explore the area.
Gloucester's impressive ROI of 8% underscores its potential as a profitable investment. With a high occupancy rate of 68% and an ADR of $225, hosts in Gloucester can expect a steady flow of guests and a substantial revenue stream. The average annual revenue of $38k further highlights the strong demand for short-term rentals in this charming destination.
The average price of an Airbnb in Gloucester is approximately $579k, reflecting the desirability of properties in this coastal gem. With 157 active Airbnbs, investors have a competitive market to navigate, providing ample opportunities to establish a presence and cater to the diverse needs of travelers.
To maximize the potential of their investments, hosts in Gloucester should focus on highlighting the unique qualities and attractions that make the city a desirable destination. Emphasize the city's stunning coastal scenery, pristine beaches, and access to water activities such as sailing, fishing, and whale watching. Showcase the breathtaking sunrises and sunsets, and provide information on nearby beach access points, recommended water-based excursions, and equipment rental services to enhance the guest experience.
Gloucester's rich maritime history and vibrant arts scene should also be emphasized. Highlight the city's renowned fishing heritage and provide information on local attractions such as the Gloucester Fisherman's Memorial, the Maritime Gloucester museum, and the Rocky Neck Art Colony. Encourage guests to explore the historic downtown area with its charming shops, art galleries, and seafood restaurants, where they can experience the city's authentic culture and hospitality.
Outdoor enthusiasts will be drawn to Gloucester's natural beauty. Highlight nearby hiking trails, nature reserves, and state parks, where guests can enjoy scenic walks, birdwatching, and picnics in serene settings. Provide recommendations for local bike rental services, as well as picturesque cycling routes along the coast or through the scenic countryside.
Given Gloucester's healthy occupancy rate of 68%, hosts should prioritize creating a comfortable and inviting space for guests. Pay attention to the finer details, ensuring the property is clean, well-maintained, and equipped with modern amenities. Offer personalized touches such as a welcome basket with local treats, a curated guidebook of recommended restaurants and attractions, or beach gear for guests to enjoy during their stay.
By leveraging Gloucester's coastal charm, vibrant arts scene, and natural attractions, hosts can position their properties as sought-after accommodations in this captivating city. By providing exceptional hospitality, personalized recommendations, and highlighting Gloucester's unique offerings, investors can maximize occupancy rates, generate reliable revenue, and achieve a solid return on investment in the picturesque city of Gloucester, Massachusetts.
10. Marshfield, MA
Located just 30 miles south of Boston and within close proximity to Cape Cod, Marshfield offers visitors a unique blend of city and beach life. The town is also home to several historic landmarks, including the Daniel Webster Estate and Winslow House, which attract tourists year-round. With its picturesque beaches and charming New England vibe, Marshfield is an attractive destination for travelers seeking a relaxing getaway.
With a projected ROI of 6%, investors can anticipate favorable returns on their investments in Marshfield. Despite its small market size of 38 active Airbnbs, Marshfield boasts a high occupancy rate of 68% and an impressive ADR of $312. These factors, coupled with an enticing average Airbnb price of $545k, contribute to a solid ROI of 6% and a projected annual revenue of $33k. The average Airbnb price of $545,000 reflects the value of properties in this desirable location.
To maximize the potential of their investments, hosts in Marshfield should highlight the unique qualities and attractions that make the town a desirable destination. Emphasize the town's beautiful beaches, showcasing the soft sands, sparkling waters, and opportunities for swimming, sunbathing, and beachcombing. Provide information on nearby beach access points, local surf spots, and recommended water activities to enhance the guest experience.
Marshfield's rich history and historic landmarks should also be emphasized. Highlight attractions such as the Daniel Webster Estate and Heritage Center, the Historic Winslow House, and the North River Wildlife Sanctuary. Provide guests with information on guided historical tours, self-guided walking routes through the town's historic district, and cultural events that celebrate Marshfield's heritage.
Outdoor enthusiasts will appreciate Marshfield's natural beauty and recreational opportunities. Showcase nearby hiking trails, nature reserves, and parks where guests can enjoy scenic walks, birdwatching, and picnics in serene settings. Highlight nearby golf courses, fishing spots, and opportunities for boating or kayaking along the South River or Green Harbor River.
Marshfield's convenient location offers easy access to Boston, making it an attractive destination for both leisure and business travelers. Highlight the proximity to Boston's major attractions, cultural institutions, and vibrant dining scene. Position your property as a peaceful retreat away from the bustling city, where guests can relax and recharge after exploring the urban offerings.
Given Marshfield's healthy occupancy rate of 68%, hosts should prioritize creating a comfortable and welcoming space for guests. Pay attention to the details, ensuring the property is clean, well-maintained, and equipped with modern amenities. Consider offering extra amenities such as beach gear, bicycles, or outdoor seating areas where guests can relax and enjoy the coastal atmosphere.
To attract guests, utilize online travel platforms, social media, and local tourism websites to promote your Marshfield property. Showcase high-quality images that highlight the property's unique features, proximity to the beach, and inviting interior. Craft a compelling listing description that captures the essence of Marshfield, emphasizing the tranquility, natural beauty, and rich history that make it an ideal vacation destination.
The ideal investor for the Marshfield market is someone who is looking for a low-risk investment with a steady return. The town's small market size and high Airbnb prices make it an attractive option for those who want to invest in a vacation rental property without taking on too much risk. Additionally, investors who are interested in historic properties or beachfront real estate will find plenty of opportunities in Marshfield. Overall, Marshfield, MA is a top pick for Airbnb investors who want to capitalize on the growing vacation rental market in the Northeast.
Bottom Line
Massachusetts offers diverse markets for Airbnb investors, each with its unique attractions and benefits. From the bustling city of Boston to quaint towns in the Berkshires, the potential for profitable Airbnb investments is substantial. Investors willing to understand each market's specifics can find promising opportunities and achieve a healthy return on their investments.