Realtor.com recently ranked Scottsdale as the most profitable city for an Airbnb. Why are Airbnb rentals so popular in Scottsdale? The City of Scottsdale has long been a popular location for families and American corporate elites looking for a vacation getaway filled with golf, hiking and outdoor adventures.
With the growing popularity of short term rentals across the country, many cities are creating tighter rules or banning Airbnb rentals altogether. Arizona, on the other hand, has gone in the opposite direction. In 2016, Arizona signed a law that prevents cities from banning short-term rentals. Arizona’s legal protection combined with vacation rental demand, makes Scottsdale the perfect place for real estate rental investors.
Scottsdale Residential Real Estate-
Median list price: $685,100
Average daily rate: $301
Occupancy rate: 81%
Active rentals: 5,178
With our years of experience in Scottsdale real estate, the Sibbach Team is ready to find your next profitable investment property. 480-500-1738