In this article, we take a deep dive into the top markets for Airbnb investors in New York State. Utilizing data on return on investment (ROI), average daily rates (ADR), occupancy rates, and other key metrics, we provide an analysis of the most profitable locations. We also explore the unique selling points of each market, helping you to identify the investment opportunities that align best with your goals.
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.
Take a look at these top New York State Airbnb markets and what they're best known for:
- Alexandria Bay, NY - Best for Outdoor Enthusiasts
- Sylvan Beach, NY - Best for Beach Vacations
- Ovid, NY - Best for Wine Lovers
- Corning, NY - Best for Art and Culture Seekers
- Burdett, NY - Best for Nature Lovers
- Watkins Glen, NY - Best for Adventure Seekers
- Honeoye, NY - Best for Peaceful Getaways
- Great Valley, NY - Best for Winter Sports Enthusiasts
- Downsville, NY - Best for Fishing, Hiking, and Skiing
- Roxbury, NY - Best for History and Horse Racing Fans
1. Alexandria Bay, NY
Investors in search of a lucrative Airbnb opportunity need look no further than Alexandria Bay, NY. Nestled within the captivating Thousand Islands region, this market boasts a prime location that draws tourists for boating, fishing, and outdoor adventures. Moreover, its close proximity to renowned attractions like Boldt Castle and Singer Castle enhances its allure, creating a haven for those seeking unforgettable experiences.
High Returns Await
With an impressive 20% ROI, Alexandria Bay stands as a beacon of profitability in the realm of Airbnb investments. The projected revenue of $33,000 attests to its potential to generate substantial income for investors, painting a vivid picture of the financial rewards that await.
Alexandria Bay's Airbnb landscape comprises approximately 100 listings, crafting an intimate market with promising growth potential. The average Airbnb price of $135,000 positions it as an accessible entry point, welcoming both seasoned investors and those venturing into the real estate realm for the first time.
The market's Average Daily Rate ADR of $311 highlights its appeal to guests seeking memorable getaways. With an occupancy rate of 60%, Alexandria Bay strikes a harmonious balance between demand and availability, setting the stage for consistent rental income.
Thousand Islands Enchantment: An Investment Wonderland
Venture beyond the shoreline to uncover the enchanting elements that weave the investment tapestry of Alexandria Bay:
- Maritime Marvels: Cast a line into the waters that have beckoned anglers for generations. The Thousand Islands' reputation as a boating and fishing haven promises a stream of visitors seeking aquatic adventure.
- Castle Charms: Boldt Castle and Singer Castle stand as stoic sentinels, luring history enthusiasts and romantics alike. Your investment becomes a gateway to these storied landmarks.
- Outdoor Odyssey: From kayaking to hiking, Alexandria Bay invites outdoor enthusiasts to embrace its natural beauty. Position your property as a sanctuary for nature lovers.
Crafting Investment Rhapsody: Alexandria's Melodic Notes
Compose your investment symphony as you harness Alexandria Bay's allure to orchestrate success:
- Nautical Nurturing: Leverage the region's maritime mystique. Offer guests access to boat rentals, fishing charters, and guided island tours to infuse their stay with aquatic adventure.
- Historical Elegance: Embrace the castles' allure. Curate packages that include castle tours or historical narratives, elevating your guests' experience.
- Seasonal Serenades: Embrace Alexandria Bay's seasonal metamorphosis. Tailor your offerings to cater to summer boating escapades, fall foliage excursions, and winter wonderland getaways.
- Waterfront Whispers: Highlight your property's waterfront charm. Create outdoor gathering spaces, such as lakeside decks or fire pits, where guests can savor serene moments.
The Alexandria Bay, NY market is ideal for investors who are looking for a smaller market with high potential for growth. With its location in the Thousand Islands region and proximity to popular attractions, this market is perfect for investors who want to cater to tourists looking for outdoor activities and unique experiences. Additionally, investors who are looking for a lower upfront investment can enter the market with a relatively low average Airbnb price and still see a solid return on investment.
2. Sylvan Beach, NY
Sylvan Beach, NY emerges as a promising terrain for astute investors exploring the realm of Airbnb investments, driven by its alluring position on the scenic shores of Oneida Lake. A favored summer sanctuary for boating and fishing enthusiasts, this lakeside haven beckons to those who seek serene waterside retreats and outdoor escapades.
ROI: Casting Your Investment Nets into Sylvan Beach
The proximity of Sylvan Beach to the illustrious Turning Stone Resort Casino further amplifies its investment appeal. This premier entertainment destination exerts an undeniable pull on a diverse array of visitors throughout the year, fostering a dynamic tourism ecosystem that stands as a robust backdrop to the local Airbnb market.
The foreseen ROI of 22% unfurls the promise of significant financial advancement, aptly reflected in a projected revenue of $26,000. Against this backdrop, the average Airbnb price of $110,000 unveils a pathway to securing a foothold in this lucrative market, characterized by its accessibility and potential for profit generation.
Within the niche of 52 Airbnbs, Sylvan Beach aligns itself as an opportune canvas for investment mastery, set against the backdrop of a market that bears witness to the magnetic allure of water's embrace. The ADR of $218 eloquently encapsulates the value discerning guests ascribe to their sojourn, accentuating the potential for lucrative returns.
With an occupancy rate of 61%, Sylvan Beach unveils its capacity to harmonize seasonal fervor with year-round interest, making every day an opportunity to unlock the investment potential woven into the fabric of this charming lakeside community.
Oneida Lake Enchantment: A Waterfront Investment Playground
Peer beyond the shores and dive into the captivating elements that fuel Sylvan Beach's allure:
- Lakeside Escapades: Oneida Lake, a playground for boating, fishing, and watersport enthusiasts, beckons with its shimmering waters and the promise of endless summer adventures.
- Turning Stone Temptations: The nearby Turning Stone Resort Casino stands as a year-round magnet, drawing visitors seeking both entertainment and gaming experiences, igniting a steady stream of potential guests.
- Summer Symphony: As the summer sun casts its radiant glow, Sylvan Beach transforms into a symphony of joyful laughter, sandy shores, and vibrant events, offering a spectrum of experiences to guests.
Crafting Your Investment Melody: Sylvan Beach's Rhythmic Potential
Compose your investment narrative against Sylvan Beach's scenic backdrop, weaving threads of success:
- Lakeside Indulgence: Enrich guests' experiences with lakeside amenities. Consider offering paddleboard rentals, fishing charters, or lakeside bonfires, enhancing their connection with the pristine waters.
- Casino Getaway: Cater to casino-bound guests. Craft tailored packages that include transportation or exclusive discounts, positioning your property as a launchpad for gaming excitement.
- Summer Celebration: Embrace the spirit of Sylvan Beach's vibrant summer events. Promote your property as a haven for guests attending local festivals, concerts, and beachfront gatherings.
- Year-Round Retreat: Tap into the casino's year-round allure. Showcase your property's cozy comforts as a retreat for those drawn to Turning Stone's year-round attractions.
As you contemplate your next investment move, consider the allure of Alexandria Bay, NY. Whether you're a seasoned investor or an aspiring one, the potential for significant returns and a remarkable guest experience makes this market an enticing prospect. Embrace the opportunity to turn properties into unforgettable stays, and let Alexandria Bay's inherent charm become a cornerstone of your investment journey.
3. Ovid, NY
For investors seeking a rewarding venture in the realm of short-term rentals, Ovid, NY emerges as a beacon of promise. With its picturesque landscapes and quaint small town feel, Ovid is a popular destination for tourists seeking a relaxing getaway. Situated in close proximity to the renowned Finger Lakes attractions and wineries, this idyllic locale offers a unique blend of leisure and charm, creating a canvas for memorable guest experiences.
Exceptional Returns Await
With an impressive 21% ROI, Ovid stands as a testament to its potential for delivering substantial profitability to discerning investors. Projected revenue of $28,000 unveils a thriving market where smart investments can translate into significant financial gains.
The market's average Airbnb price of $131,000 positions it as an inviting destination for those considering a strategic entry into the short-term rental landscape. The ADR of $182 underlines Ovid's appeal to travelers looking for comfortable and affordable accommodations. With an occupancy rate of 66%, the market showcases its capacity to maintain a healthy flow of guests, translating into consistent rental income for investors.
Finger Lakes Enchantment: A Vibrant Tapestry of Investment Appeal
Venture beyond Ovid's shores to uncover the layers of charm that define this investment destination:
- Finger Lakes Symphony: Ovid's proximity to the Finger Lakes creates a vibrant melody of experiences for visitors, including water-based adventures, serene sunsets, and the enchantment of lakeside living.
- Wine Country Magic: Positioned amidst the heart of the Finger Lakes wine region, Ovid beckons wine enthusiasts and curious travelers to explore the area's renowned wineries, offering a bouquet of experiences for your potential guests.
- Small Town Charm: Ovid's quaint and welcoming atmosphere resonates with those seeking a break from bustling city life, making it a compelling destination for a rejuvenating escape.
Investment Composition: Crafting Your Ovid Overture
Compose your investment symphony, with Ovid's idyllic backdrop setting the stage for success:
- Wine Lover's Paradise: Tailor your property to wine enthusiasts. Curate packages that include wine tours, tastings, and private vineyard experiences, immersing your guests in Finger Lakes viticulture.
- Lakeside Escapes: Embrace the allure of lakeside living. Highlight waterfront amenities such as kayaks, paddleboards, and lakeside lounging, enhancing guests' connection with the tranquil waters.
- Culinary Experiences: Collaborate with local chefs and eateries to offer culinary experiences. Cooking classes, farm-to-table dinners, and wine-pairing events will tantalize guests' palates.
- Seasonal Sensations: Embrace Ovid's changing seasons. Market your property as a cozy winter retreat, offering snowshoeing, ice fishing, and a warm haven after days spent exploring snowy landscapes.
This market is ideal for investors who are looking for a more laid-back and peaceful atmosphere. The small town charm of Ovid attracts a specific type of traveler who is seeking a relaxing and rejuvenating vacation. Investors who prioritize customer service and creating a memorable experience for their guests will do well in this market. Additionally, those who are interested in the wine industry may find Ovid to be a particularly attractive location due to its proximity to the Finger Lakes wineries.
4. Corning, NY
One of the top markets for Airbnb investors in New York State is Corning, NY. This small city offers a unique investment opportunity due to its growing tourism industry, with attractions such as the Corning Museum of Glass and proximity to the Finger Lakes wine region. As a result, the city has seen a steady increase in demand for short-term rentals, making it an attractive market for Airbnb investors.
Reaping Remarkable Returns
Corning's allure isn't limited to its attractions; it boasts a promising 15% ROI, showcasing its potential to be a rewarding investment hub. With a projected revenue of $20,000, investors can anticipate steady income streams in this dynamic market.
With an average Airbnb price of $114,000, the market welcomes investors seeking an accessible entry point. An ADR of $128 caters to budget-conscious travelers, fostering high occupancy rates at 61% and translating into consistent rental income.
Corning's small market setting is part of its charm, offering investors a chance to make their mark in a close-knit community while capitalizing on the growing demand for unique and authentic travel experiences.
Cultural Gemstones: Unveiling Corning's Treasures
Beyond the numbers, Corning unfolds a mosaic of attractions that add depth and allure to your investment canvas:
- Glass Art Wonderland: The Corning Museum of Glass stands as a beacon of creativity, attracting visitors from across the globe to witness the mesmerizing artistry of glassblowing and stunning glass exhibits.
- Finger Lakes Harmony: Positioned at the gateway of the Finger Lakes wine region, Corning beckons oenophiles and travelers alike to savor the region's renowned wineries and vineyards, cultivating experiences that elevate your investment offering.
- Artisanal Charm: Corning's historic downtown, with its cobblestone streets and charming boutiques, invites guests to stroll, shop, and savor the small-town ambiance that resonates with leisure travelers.
Investment Composition: Crafting Corning's Narrative
Compose your investment narrative with Corning's cultural and natural gems as your inspiration:
- Glass Art Immersion: Collaborate with local glass artisans to offer guests immersive glassblowing workshops, allowing them to create their own glass art pieces to take home as lasting mementos.
- Wine and Dine Delights: Craft wine-themed packages that include guided wine tours, private tastings, and culinary experiences, providing guests with an unforgettable journey through Finger Lakes flavors.
- Artistry Retreat: Market your property as a retreat for artists seeking creative inspiration. Partner with local art schools or studios to offer workshops that allow guests to explore their artistic talents.
- Heritage Experiences: Capitalize on Corning's historic charm. Offer guided tours that unveil the town's rich history, providing guests with a deeper connection to the community.
Investors who would do well in this market are those who are looking for a unique investment opportunity in a growing tourism industry. The city's proximity to popular attractions and the Finger Lakes wine region make it an attractive destination for travelers, ensuring a steady demand for short-term rentals. Additionally, investors who are willing to invest in the growth and expansion of the market may see even greater returns in the future.
5. Burdett, NY
One of the top markets for Airbnb investors in New York State is Burdett, NY. This small town is located in the heart of the Finger Lakes region, which is known for its beautiful lakes, wineries, and outdoor activities. Burdett is just a short drive from popular attractions like Watkins Glen State Park and the Seneca Lake Wine Trail, making it an ideal location for tourists looking to explore the area. Additionally, Burdett has a growing tourism industry, which means there is a high demand for short-term rental properties.
Rewards Beyond Boundaries
With an impressive 22% ROI, Burdett beckons investors with the promise of remarkable returns. Projected revenue of $45,000 unveils a thriving market that's ready to transform smart investments into substantial financial gains.
The market's average Airbnb price of $267,000 positions it as a platform for investors with diverse aspirations. An ADR of $255 speaks to the quality of stays, while a 70% occupancy rate underlines Burdett's capacity to maintain a robust guest flow.
Finger Lakes Elegance: Unveiling Burdett's Treasures
Beyond the figures, Burdett unveils a tapestry of experiences that elevate your investment canvas:
- Wine Enthusiast's Paradise: Positioned near the heart of Finger Lakes wine country, Burdett offers a bouquet of renowned wineries and vineyards, inviting guests to savor the flavors of the region.
- Seneca Lake's Grace: The shimmering waters of Seneca Lake beckon nature enthusiasts and boaters, creating an outdoor playground that enhances the appeal of your investment.
- Watkins Glen Wonderland: The nearby Watkins Glen State Park enchants visitors with its dramatic gorges and waterfalls, adding to the allure of a stay in Burdett.
Investment Melody: Crafting Experiences in Burdett
Compose your investment symphony by weaving these facets into your investment story:
- Wine Trails Adventure: Partner with local wineries to offer curated wine trail experiences, allowing guests to savor the terroir and expertise of Finger Lakes winemakers.
- Lakeside Retreat: Create a lakeside oasis by enhancing your property with lake views, water-based activities, and serene spots where guests can unwind.
- Adventure Getaways: Collaborate with local adventure guides to provide guided hikes, water sports, and other outdoor experiences, catering to adventure-seeking travelers.
- Romantic Escapes: Design romantic packages that highlight Burdett's serene atmosphere, offering couples an enchanting retreat amidst the Finger Lakes' natural splendor.
Investors who are interested in Burdett should be willing to invest in a property that is close to popular attractions and has a unique selling point. The town has a mix of historic homes and newer properties, so investors can choose from a variety of options. Additionally, investors should be prepared to manage their property or hire a property management company to handle the day-to-day operations. Overall, Burdett is an attractive market for investors who are looking for a growing tourism industry and a high ROI.
6. Watkins Glen, NY
In the top markets for Airbnb investors in New York State is Watkins Glen. This charming city is located in the heart of the Finger Lakes region, which is known for its stunning natural beauty and world-class wineries. Watkins Glen State Park, one of the most popular attractions in the area, draws in thousands of visitors each year. This makes it an ideal location for investors looking to capitalize on the growing demand for short-term rentals in the region.
Harvesting Financial Rewards
Watkins Glen not only offers captivating experiences but also the potential for substantial financial returns. With an impressive 19% ROI and a projected revenue of $32,000, this market positions itself as a canvas for profitability in the short-term rental landscape.
With around 196 active Airbnb listings, Watkins Glen presents a compact yet burgeoning market that allows investors to tap into growth potential. The average Airbnb price of $193,000 signifies a market that welcomes a range of investors, catering to both seasoned players and newcomers to the investment arena.
A glance at the ADR)of $215 underlines the city's appeal to guests seeking memorable stays. Combined with an occupancy rate of 50%, Watkins Glen strikes a harmonious equilibrium between demand and availability, setting the stage for consistent income.
Gateway to Nature's Grandeur:
At the heart of Watkins Glen's appeal lies its proximity to natural wonders that captivate the senses and invigorate the spirit. As an investor, you have the privilege of offering guests a front-row seat to:
Watkins Glen State Park: Showcase the allure of the gorge trail and its breathtaking waterfalls, inviting guests to embark on hikes that lead to awe-inspiring views.
Finger Lakes Wine Region: Highlight the region's vineyards and wineries, encouraging guests to indulge in wine tasting tours and experiences that celebrate the art of viticulture.
Seneca Lake: Emphasize the opportunities for water-based recreation, from kayaking and fishing to lakeside picnics against the backdrop of sparkling waters.
Cultural Enrichment: Share insights into Watkins Glen's rich history and cultural significance, encouraging guests to explore the town's charming architecture and vibrant arts scene.
A Year-Round Tapestry of Events
Watkins Glen's eventful calendar adds another layer of appeal. The city's lineup of year-round events ensures a steady influx of tourists, transforming it into a vibrant hub of activity that piques the interest of visitors seeking engaging experiences. As an investor, align your strategy with the town's festivities:
- Watkins Glen International: Leverage the popularity of the racetrack's events, including NASCAR races and motorsport competitions, to attract racing enthusiasts.
- Watkins Glen Waterfront Festival: Craft experiences around this annual event, showcasing local artisans, live music, and culinary delights.
- Harvest Celebrations: During the fall harvest season, curate packages that allow guests to partake in grape harvesting and winemaking activities.
- Winter Getaways: Capitalize on winter's allure by offering cozy escapes for guests seeking snow-draped landscapes and the tranquility of the off-season.
Investment Strategies for Success:
Enhance your investment in Watkins Glen by considering these strategies:
- Unique Wine Experiences: Collaborate with local wineries to offer exclusive wine tasting tours and access to cellar experiences, enhancing guests' appreciation of the Finger Lakes wine scene.
- Hiking and Adventure Packages: Design packages that cater to outdoor enthusiasts, providing guided hikes, waterfall exploration, and adventure activities.
- Artisanal Culinary Journeys: Partner with local farm-to-table restaurants to curate culinary experiences that celebrate the region's produce and gastronomic creativity.
- Seasonal Retreats: Tailor your property's offerings to the changing seasons, whether it's cozy winter getaways or springtime escapes that celebrate rebirth.
- Family-Friendly Escapes: Highlight Watkins Glen's appeal for families, offering recommendations for kid-friendly attractions and activities.
- Sustainability Initiatives: Showcase your commitment to sustainability, appealing to eco-conscious travelers seeking responsible accommodation options.
As you evaluate your next investment move, consider the allure of Watkins Glen, NY. Its blend of natural splendor, cultural attractions, and an events-driven calendar create a dynamic tapestry that resonates with travelers. Whether you're a seasoned investor or an aspirant looking to embark on your investment journey, Watkins Glen offers the promise of attractive returns and a memorable guest experience.
Seize the chance to transform properties into unforgettable stays and let Watkins Glen's intrinsic charm become an integral part of your investment story. In a realm where location is pivotal, Watkins Glen shines as a bright star on the investment horizon.
7. Honeoye, NY
Honeoye's appeal lies in its proximity to popular tourist destinations like the Finger Lakes, which attract visitors year-round. The town's abundance of outdoor activities such as hiking, fishing, and boating make it an attractive destination for travelers seeking an adventure. Additionally, Honeoye's charming small-town atmosphere and local events, such as the annual Honeoye Craft Fair, make it a desirable destination for those seeking a more relaxed vacation.
In the heart of the Finger Lakes region, Honeoye, NY, emerges as a haven for visionary investors seeking not only impressive financial gains but also the fulfillment of curating unforgettable travel experiences. This charming town invites you to unlock its secrets and reap the rewards of a flourishing short-term rental venture.
Figures that Speak
Amidst the beauty lies financial promise. Honeoye boasts an enticing 15% ROI and a projected revenue of $29,000, underscoring its potential to yield significant returns in the Airbnb investment sphere.
With approximately 70 active Airbnb listings, Honeoye embodies a smaller yet dynamic market, inviting investors to tap into its growth potential. The average Airbnb price of $188,000 signifies accessibility for a range of investors, whether veterans or newcomers entering the real estate arena.
Honeoye's ADR of $195 showcases its allure to travelers seeking distinctive experiences. When paired with an occupancy rate of 57%, the town manifests a harmonious equilibrium between demand and availability, fostering a steady flow of guests.
Gateway to Natural Splendor
Honeoye boasts a privileged location that serves as a gateway to the natural splendors of the Finger Lakes region. As an investor, you have the privilege of immersing your guests in a realm of outdoor adventures and natural beauty that includes:
- Finger Lakes: Showcase the allure of this renowned region, inviting guests to explore a tapestry of lakes, vineyards, and wineries that embody the essence of relaxation and indulgence.
- Outdoor Pursuits: Emphasize the myriad of activities available, from invigorating hikes along the Finger Lakes Trail to serene fishing escapades on Honeoye Lake.
- Boating and Water Sports: Highlight the town's proximity to Honeoye Lake, inviting guests to embark on tranquil boating journeys, paddleboarding excursions, and invigorating swims.
A Quaint Tapestry of Local Charm
Honeoye isn't just a destination; it's an experience woven with threads of charm, community, and local allure. As an investor, you have the privilege of introducing your guests to:
- Small-Town Hospitality: Capture the essence of Honeoye's warm hospitality and close-knit community, where guests can experience the genuine warmth of a small-town atmosphere.
- Local Events and Festivals: Align your investment strategy with the town's cultural tapestry, offering insights into local events, fairs, and festivals that add vibrancy to your guests' stay.
- Finger Lakes Lifestyle: Craft experiences that celebrate the Finger Lakes lifestyle, from leisurely afternoons at local cafes to exploring boutique shops that showcase local artisans.
Creating Unforgettable Escapes:
Elevate your investment journey in Honeoye with tailored strategies that enhance guest experiences:
- Finger Lakes Exploration: Curate packages that encourage guests to explore the entire Finger Lakes region, offering recommendations for wine tastings, art galleries, and scenic viewpoints.
- Outdoor Adventure Retreats: Highlight the town's natural wonders by creating packages centered around outdoor adventures, such as guided hikes, birdwatching expeditions, and kayaking outings.
- Wellness Getaways: Partner with local wellness practitioners to offer rejuvenating experiences, such as yoga retreats, spa days, and meditation workshops.
- Family-Friendly Escapes: Craft family-focused packages that showcase the town's family-friendly attractions, ensuring that travelers of all ages enjoy a memorable stay.
- Culinary Journeys: Collaborate with local chefs and eateries to offer guests culinary journeys that immerse them in Finger Lakes flavors and gastronomic creativity.
Investors who would do well in Honeoye are those who are looking for a small market with high potential for growth. With only 70 Airbnbs currently in the market, there is room for expansion and the opportunity to establish a strong presence. Investors who are willing to invest in marketing and creating unique experiences for their guests will thrive in this market. Additionally, those who are interested in the outdoor activities that Honeoye has to offer will have a better understanding of what travelers are looking for and can cater to their needs.
8. Great Valley, NY
Great Valley's strategic location near popular ski resorts and its array of outdoor recreational offerings position it at the forefront of investor interest. With proximity to coveted winter sports destinations and a year-round appeal for outdoor enthusiasts, the town becomes a natural magnet for travelers in search of memorable experiences.
Harvesting Prosperity
Embarking on the Great Valley investment journey is akin to planting seeds of prosperity in fertile soil. With an ROI that gleams at 22%, your efforts are poised to yield remarkable results. Anticipate an annual revenue of $34,000 as you navigate this thriving market.
Great Valley's ADR of $268 speaks volumes about its appeal to guests seeking unforgettable stays. In tandem with an occupancy rate of 49%, the town presents a balance between demand and availability, paving the way for steady income streams.
With around 63 active Airbnb listings, Great Valley presents a compact yet dynamic market, inviting investors to capitalize on its growth potential. The average Airbnb price of $229,000 signifies a versatile market accessible to a range of investors, from novices to experts navigating the real estate terrain.
A Gateway to Adventure
Great Valley beckons adventurers and seekers of outdoor thrills with its privileged location in the embrace of nature's bounty. As an investor, you have the privilege of unlocking a realm of adventure for your guests, including:
- Proximity to Ski Resorts: Showcasing the town's proximity to esteemed ski resorts, entice winter enthusiasts to indulge in exhilarating downhill pursuits and cozy mountain getaways.
- Outdoor Pursuits: Embrace the town's abundant natural beauty and encourage your guests to embark on hiking escapades, mountain biking trails, and serene fishing expeditions.
- Nature's Playgrounds: Highlight nearby state parks and forests that offer an array of activities, from birdwatching to scenic picnics amidst breathtaking landscapes.
Cultivating Memorable Stays
In Great Valley, investment isn't just about properties; it's about crafting experiences that leave indelible memories. Delve into the unique offerings that set Great Valley apart:
- Ski Retreat Packages: Design curated ski packages that elevate the experience of hitting the slopes, providing guests with lift passes, cozy après-ski gatherings, and insider tips for navigating the ski resorts.
- Outdoor Adventure Escapes: Craft itineraries that inspire outdoor enthusiasts to immerse themselves in the region's natural beauty, offering guided hikes, mountain biking trails, and horseback riding adventures.
- Seasonal Celebrations: Align your investment strategy with the town's seasonal events, from winter wonderland festivals to summer concerts that captivate your guests' interests.
- Culinary Journeys: Collaborate with local eateries and artisans to introduce guests to the flavors of Great Valley, curating culinary journeys that celebrate regional fare.
As you sow the seeds of investment in Great Valley, envision yourself not just as an investor but as a steward of remarkable experiences. This market is ideal for investors who are interested in the tourism industry and have a passion for outdoor activities. With its proximity to ski resorts and recreational areas, investors who enjoy skiing, hiking, and other outdoor activities will be able to connect with their guests and provide valuable recommendations. Additionally, investors who are looking for a smaller market with room for growth and expansion will find Great Valley, NY to be an attractive option.
9. Downsville, NY
One of the top markets for Airbnb investors in New York State is Downsville, NY. This small town is located in the Catskill Mountains and is a popular destination for outdoor enthusiasts. Downsville is known for its excellent fishing, hiking, and skiing opportunities, which attract tourists year-round. Additionally, the town's charming small-town atmosphere and proximity to other popular destinations such as Woodstock and Cooperstown make it an attractive location for Airbnb rentals.
Harvesting Prosperity
Beyond its natural beauty, Downsville offers a promising investment landscape. Sporting a commendable 15% ROI and projecting a revenue of $23,000, this market showcases its potential to yield substantial returns for those seeking impactful investment avenues.
With approximately 46 active Airbnb listings, Downsville sets the stage for a smaller market with less competition, ripe with growth potential. The average Airbnb price of $156,000 signifies accessibility, inviting a range of investors—whether seasoned or those venturing into the real estate realm for the first time.
Downsville's ADR of $196 paints a vivid picture of its appeal to guests seeking authentic stays. Paired with an occupancy rate of 53%, this destination resonates with travelers, presenting an enticing balance between demand and availability.
A Haven of Adventure
In Downsville, adventure unfolds at every turn, inviting guests to explore the myriad of outdoor possibilities that define the area. As an investor, you wield the power to connect your guests with nature's bounty:
- Outdoor Exploration: From the pristine waters that lure fishing enthusiasts to the lush hiking trails that beckon nature lovers, Downsville crafts an outdoor haven for those seeking active pursuits.
- Winter Wonderland: Embrace the allure of winter by highlighting proximity to renowned ski resorts, captivating snow enthusiasts with snowy landscapes and the thrill of downhill adventures.
- Skiing Escapes: Seamlessly curate ski-centric getaways that include lift passes, cozy fireside gatherings, and local insights into the best slopes and après-ski delights.
Crafting Authentic Experiences
Your investment in Downsville goes beyond the transactional; it's about crafting genuine experiences that resonate with guests seeking tranquility and outdoor respite:
- Nature Retreats: Design customized nature retreats that invite guests to unwind amidst the town's natural beauty, offering guided hikes, meditation sessions, and serene fishing escapades.
- Seasonal Unveilings: Align your investment strategy with the ebb and flow of seasons, from blossoming springtime celebrations to winter wonderland festivities that embrace the charm of the town.
- Local Treasures: Collaborate with local artisans and vendors to introduce your guests to Downsville's local delights, from farm-to-table dining experiences to handcrafted keepsakes.
Investors who would do well in Downsville are those who are interested in owning a property in a small town with a strong sense of community. The town's proximity to outdoor recreational activities makes it an attractive location for adventure-seeking tourists, while its small-town charm appeals to those looking for a relaxing getaway. Additionally, investors who are interested in owning a property in a popular vacation destination but don't want to compete with larger markets such as New York City or the Hamptons may find Downsville to be a great alternative.
10. Roxbury, NY
Enveloped by the serene embrace of the Catskill Mountains, Roxbury beckons savvy Airbnb investors to a haven where investment potential and nature's grandeur intertwine. Here, in the heart of an enchanting landscape, the promise of prosperity harmonizes with the allure of captivating outdoor adventures.
Nature's Canvas of Investment
Nestled within the Catskill Mountains' embrace, Roxbury presents an investment landscape that is both captivating and financially promising. With an impressive ROI of 7%, your venture into this serene haven can yield substantial returns. Picture an annual revenue of $38,000, fueled by an inviting average Airbnb price of $264,000.
Roxbury's Airbnb landscape comprises approximately 155 listings, establishing a cozy market size that facilitates growth and personalization. The average Airbnb price of $264,000 reflects both accessibility and potential, welcoming investors of varying experience levels.
Roxbury's ADR of $257 is indicative of its allure to travelers seeking unique and memorable experiences. Accompanied by an occupancy rate of 62%, the town maintains a harmonious equilibrium between demand and availability, offering a steady stream of guests.
Year-Round Outdoor Wonders
Roxbury thrives as a year-round magnet for nature enthusiasts and adventure seekers alike. Your investment journey is an invitation to orchestrate enchanting experiences that span every season:
- Winter Escapes: Embrace the allure of winter by crafting immersive ski getaways. Highlight proximity to renowned ski resorts, inviting guests to indulge in snowy landscapes, exhilarating downhill pursuits, and the warmth of cozy fireside gatherings.
- Spring Awakening: As nature awakens, curate springtime experiences that celebrate the region's natural splendor. Guided hikes, wildflower foraging, and picnics amidst blossoming landscapes create memorable escapes.
- Summer Retreats: Bask in the glory of summer by inviting guests to explore the town's lush trails, partake in water adventures in nearby lakes, or simply savor the tranquility of the Catskills.
- Fall Foliage Delights: The allure of autumn's vibrant colors sets the stage for charming fall retreats. Design experiences that embrace leaf-peeping excursions, apple picking, and evenings spent by crackling fires.
Captivating Local Charms
Roxbury isn't just a destination; it's an immersion into history, culture, and outdoor splendor. As an investor, you're the orchestrator of authentic experiences that resonate with your guests:
- Historical Journeys: Highlight the town's historic charm through guided tours that unveil its heritage. From architectural gems to tales of yesteryears, your investment brings history to life.
- Culinary Explorations: Collaborate with local chefs and artisans to craft culinary experiences that celebrate the region's bounty. Farm-to-table feasts, culinary workshops, and gourmet picnics showcase the area's gastronomic treasures.
- Art and Craft Adventures: Embrace Roxbury's creative spirit by partnering with local artists and craftsmen. Curate immersive art experiences, workshops, and craft fairs that celebrate the town's vibrant arts scene.
Your investment in Roxbury transcends financial gains; it's about crafting moments that linger in hearts and memories. Amidst the Catskills' grandeur and Roxbury's serene allure, your venture thrives as a testament to both investment brilliance and the beauty of nature. In the embrace of majestic landscapes, history-rich streets, and boundless outdoor possibilities, you orchestrate an investment journey that resonates with tranquility, adventure, and the joy of crafting meaningful experiences.
Bottom Line
Each of the Airbnb markets in New York State offers unique opportunities for potential investors. From charming small towns to bustling cities, each market's unique features, coupled with key metrics like ROI, ADR, and occupancy rates, paint a picture of profitable investment possibilities. Savvy investors willing to understand these markets and cater to their specific needs have the opportunity to generate a significant return on their investment.