Airbnb Market Data

13 min read

20 Best Short Term Rental Markets In Arizona For 2025

We’ve identified the top 20 cities in Arizona that offer promising opportunities to investors looking for high-yield STR markets.

Written By

Emir Dukic

Jan 17, 2025

Arizona is home to many thriving short-term rental markets, but identifying the top-performing cities can be overwhelming, especially when combing through data from countless locations across the state.

To simplify this process, we analyzed data from markets statewide and compiled a list of the top 20 cities for investors and landlords seeking potentially high-return rental properties in the coming year.

As always, we recommend thorough underwriting and analysis of any prospective property and a review of local short-term rental regulations before making any investment decisions.

How We Created This List

First, we looked at all Airbnb listings in Arizona that met the following criteria as of January 2025:

  • Average Rating: 4.8 stars and above
  • Guest Review Count: Minimum of 10
  • Average Daily Rate: $1 (minimum) to $2,000 (maximum)
  • Occupancy Rate: 1% (minimum) to 99% (maximum)
  • Property Size: 1 to 10 bedrooms
  • Property Type: Entire homes

We did this to eliminate Airbnb listings from our analysis that fall outside of what we consider "realistic" situations. This left us with a total of 16,433 Airbnb listings across the state of Arizona to work with.

Next, we grouped these listings by city and eliminated markets that didn't have at least 75 Airbnb listings meeting the above criteria. We took this step to avoid outlier cities we felt didn't have enough data to be considered at this current time. This left us with 32 cities in Arizona to rank.

Then, we needed to arrive at a gross yield number for each of our remaining cities in order to create our rankings. We did this by taking the average annual Airbnb revenue for each city and combining it with the cities median property value (from Zillow as of December 2024) to calculate our gross yield for each city.

Finally, we ordered the cities by highest gross yield.

The Top 20 STR Markets in Arizona

1. Glendale, AZ

Glendale, AZ is a top destination for short-term rentals, attracting tourists with attractions like the State Farm Stadium, home to the NFL's Arizona Cardinals, and the Gila River Arena where NHL’s Arizona Coyotes play. The city hosts special events such as the annual Glendale Glitters, enticing visitors year-round. With a vibrant housing market, real estate investors find good return opportunities in vacation homes for Airbnb hosts. This dynamic market offers high rental income potential, making it a prime spot for real estate investing.

Key STR Metrics:

  • Average Gross Yield: 9.6%
  • Average Property Value: $546,710 (as of December 2024)
  • Average Annual Revenue: $52,286 (past 12 months)
  • Average Occupancy Rate: 39% (past 12 months)
  • Qualifying Airbnbs: 439 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 61%

Find Airbnbs For Sale in Glendale, AZ →

2. Page, AZ

Page, AZ, is a booming hub for short-term rental properties, making it a prime spot for real estate investing. Known for its proximity to breathtaking attractions like Antelope Canyon and Lake Powell, Page draws tourists and adventurers alike. This vibrant vacation hotspot boasts annual events such as the Balloon Regatta, enhancing its tourism appeal. With high rental income potential, Page ranks among the best places for investors seeking good return and cash flow in the vacation rental market.

Key STR Metrics:

  • Average Gross Yield: 9.2%
  • Average Property Value: $506,895 (as of December 2024)
  • Average Annual Revenue: $46,415 (past 12 months)
  • Average Occupancy Rate: 51% (past 12 months)
  • Qualifying Airbnbs: 243 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 110%

Find Airbnbs For Sale in Page, AZ →

3. Surprise, AZ

Surprise, AZ, is a thriving spot for real estate investing, particularly in the short-term rental market. Located near Phoenix, it's a gateway to tourism with attractions like the Surprise Stadium, home to MLB spring training, and the picturesque White Tank Mountain Regional Park. Special events like the Surprise Fine Art & Wine Festival draw in guests year-round, making it prime for vacation rentals. For real estate investors seeking good return and cash flow from rental income, Surprise offers a vibrant housing market where vacation homes serve as lucrative investment properties.

Key STR Metrics:

  • Average Gross Yield: 8.8%
  • Average Property Value: $536,865 (as of December 2024)
  • Average Annual Revenue: $47,480 (past 12 months)
  • Average Occupancy Rate: 41% (past 12 months)
  • Qualifying Airbnbs: 143 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 88%

Find Airbnbs For Sale in Surprise, AZ →

4. Bisbee, AZ

Bisbee, AZ is a hidden gem for real estate investors seeking profitable short-term rental markets. Known for its vibrant arts scene and historic charm, this former mining town offers enticing attractions like the Bisbee Mining & Historical Museum and the famous Copper Queen Mine Tour. Visitors can enjoy unique annual events such as the Bisbee 1000 Stair Climb and Bisbee Blues Festival, making it an attractive spot for tourism. With vacation homes in high demand, Airbnb hosts can expect good cash flow and rental income, ensuring a promising real estate investing opportunity.

Key STR Metrics:

  • Average Gross Yield: 8.2%
  • Average Property Value: $328,060 (as of December 2024)
  • Average Annual Revenue: $26,797 (past 12 months)
  • Average Occupancy Rate: 35% (past 12 months)
  • Qualifying Airbnbs: 105 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 97%

Find Airbnbs For Sale in Bisbee, AZ →

5. Bullhead City, AZ

Bullhead City, AZ, is a hidden gem for real estate investors eyeing the short-term rental market. Nestled along the Colorado River, this vibrant destination offers attractions like the Colorado River Heritage Greenway Park and Trails, perfect for nature-loving tourists. The area is known for its proximity to Laughlin's casinos and thrilling water sports, attracting countless visitors. Bullhead City often hosts events like the annual River Regatta and off-road races, enhancing its tourism appeal. This makes it a promising location for those seeking vacation homes with good cash flow.

Key STR Metrics:

  • Average Gross Yield: 7.7%
  • Average Property Value: $450,181 (as of December 2024)
  • Average Annual Revenue: $34,857 (past 12 months)
  • Average Occupancy Rate: 34% (past 12 months)
  • Qualifying Airbnbs: 238 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 98%

Find Airbnbs For Sale in Bullhead City, AZ →

6. Goodyear, AZ

Goodyear, AZ, is a burgeoning hub for short-term rental properties, offering real estate investors a lucrative opportunity in a thriving vacation rental market. With renowned attractions such as the Goodyear Ballpark, spring training home to MLB's Cleveland Guardians and Cincinnati Reds, and the nearby Estrella Mountain Regional Park, visitors are drawn to its dynamic blend of sports and nature. The city's year-round events and proximity to Phoenix ensure a steady flow of tourists, providing a good return on investment and consistent rental income for Airbnb hosts.

Key STR Metrics:

  • Average Gross Yield: 7.6%
  • Average Property Value: $628,813 (as of December 2024)
  • Average Annual Revenue: $47,875 (past 12 months)
  • Average Occupancy Rate: 41% (past 12 months)
  • Qualifying Airbnbs: 148 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 79%

Find Airbnbs For Sale in Goodyear, AZ →

7. Fountain Hills, AZ

Fountain Hills, AZ, is a prime destination for short-term rental properties, boasting attractive landmarks like the iconic Fountain Park with its massive fountain and abundant nearby hiking trails. Perfect for tourists, the town hosts the annual Fountain Festival of Arts & Crafts, drawing visitors from far and wide. With a vibrant real estate market, real estate investors can enjoy good return and cash flow through vacation rentals. This makes Fountain Hills among the best places for real estate investing in the short-term rental market.

Key STR Metrics:

  • Average Gross Yield: 7.4%
  • Average Property Value: $1,064,156 (as of December 2024)
  • Average Annual Revenue: $79,235 (past 12 months)
  • Average Occupancy Rate: 43% (past 12 months)
  • Qualifying Airbnbs: 113 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 76%

Find Airbnbs For Sale in Fountain Hills, AZ →

8. Mesa, AZ

Mesa, AZ is a prime location for short-term rental investments, offering unique vacation homes that attract tourists year-round. Known for its vibrant arts scene and outdoor attractions like the stunning Superstition Mountains, Mesa appeals to adventure-seekers and culture enthusiasts alike. As home to spring training for several MLB teams and hosting popular events like the Mesa Arts Festival, it's a tourism hotspot. Real estate investors can expect good rental income and cash flow, as the thriving short-term rental market continues to grow, making it one of the best places for real estate investing.

Key STR Metrics:

  • Average Gross Yield: 7.4%
  • Average Property Value: $605,462 (as of December 2024)
  • Average Annual Revenue: $44,986 (past 12 months)
  • Average Occupancy Rate: 43% (past 12 months)
  • Qualifying Airbnbs: 614 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 80%

Find Airbnbs For Sale in Mesa, AZ →

9. Cottonwood, AZ

Cottonwood, AZ is an enchanting spot for short-term vacation rentals, attracting guests with its unique blend of natural beauty and rich heritage. Nestled in the heart of the Verde Valley, visitors can explore the Tuzigoot National Monument or take a leisurely stroll along the Verde River. The vibrant local winery scene and events like the Verde Valley Wine Festival enhance tourism appeal. For real estate investors, Cottonwood's growing short-term rental market offers a good return and steady rental income, making it a prime choice for those in real estate investing.

Key STR Metrics:

  • Average Gross Yield: 7.2%
  • Average Property Value: $517,289 (as of December 2024)
  • Average Annual Revenue: $37,169 (past 12 months)
  • Average Occupancy Rate: 45% (past 12 months)
  • Qualifying Airbnbs: 196 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 70%

Find Airbnbs For Sale in Cottonwood, AZ →

10. Peoria, AZ

Peoria, AZ, is a thriving destination for short-term rental properties, making it ideal for real estate investors seeking strong rental income. Known for attractions like Lake Pleasant Regional Park and Peoria Sports Complex, home to MLB spring training, Peoria draws tourists year-round. Its vibrant arts scene and events like the Peoria Arts & Cultural Festival add to its appeal. As tourism grows, investors find Peoria's real estate market promising for vacation homes and STRs, offering good returns and cash flow.

Key STR Metrics:

  • Average Gross Yield: 7.2%
  • Average Property Value: $700,471 (as of December 2024)
  • Average Annual Revenue: $50,248 (past 12 months)
  • Average Occupancy Rate: 44% (past 12 months)
  • Qualifying Airbnbs: 184 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 44%

Find Airbnbs For Sale in Peoria, AZ →

11. Gilbert, AZ

Gilbert, AZ is a vibrant destination for short-term rental investing with a flourishing real estate market. Known for its family-friendly events like the Gilbert Days Parade and the Riparian Preserve attracts birdwatching enthusiasts. Visitors will love the SanTan Village Shopping Center and outdoor adventures at Discovery Park. Sports fans can enjoy the nearby Arizona Coyotes games. With high tourism and attractions, this area offers good rental income potential, making it a hotspot for vacation rentals and vacation homes.

Key STR Metrics:

  • Average Gross Yield: 6.9%
  • Average Property Value: $785,871 (as of December 2024)
  • Average Annual Revenue: $53,837 (past 12 months)
  • Average Occupancy Rate: 47% (past 12 months)
  • Qualifying Airbnbs: 296 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 80%

Find Airbnbs For Sale in Gilbert, AZ →

12. Williams, AZ

Nestled near the Grand Canyon, Williams, AZ is a vibrant hub for short-term rental investments due to its thriving tourism and rich array of attractions. Known as the "Gateway to the Grand Canyon," this charming town captivates guests with iconic spots like Bearizona Wildlife Park and the historic Route 66. The Polar Express and annual rodeos highlight the bustling event calendar, drawing tourists year-round. These attractions make it one of the best places for vacation rentals, promising good returns and consistent rental income for real estate investors seeking profitable vacation homes.

Key STR Metrics:

  • Average Gross Yield: 6.8%
  • Average Property Value: $655,188 (as of December 2024)
  • Average Annual Revenue: $44,530 (past 12 months)
  • Average Occupancy Rate: 45% (past 12 months)
  • Qualifying Airbnbs: 272 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 82%

Find Airbnbs For Sale in Williams, AZ →

13. Yuma, AZ

Yuma, AZ, stands out as one of the best short-term rental markets for 2025, drawing guests with attractions like the stunning Imperial Sand Dunes and historical Yuma Territorial Prison. As a tourism hub, Yuma hosts the annual Colorado River Crossing Balloon Festival and has a thriving arts scene. Vacation rentals here promise enticing returns for real estate investors, thanks to the city's bustling housing market and influx of tourists seeking sun-soaked adventures. This makes Yuma a prime spot for investment property that guarantees good cash flow and rental income.

Key STR Metrics:

  • Average Gross Yield: 6.7%
  • Average Property Value: $410,711 (as of December 2024)
  • Average Annual Revenue: $27,709 (past 12 months)
  • Average Occupancy Rate: 40% (past 12 months)
  • Qualifying Airbnbs: 255 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 82%

Find Airbnbs For Sale in Yuma, AZ →

14. Chandler, AZ

Chandler, AZ is a hotspot for the short-term rental market, attracting tourists with its diverse attractions and sunny weather. Known for its vibrant downtown and annual events like the Ostrich Festival and Chandler Jazz Festival, visitors can enjoy a mix of culture and entertainment. Proximity to Phoenix and major league sports teams enhance its appeal. The local housing market presents a strong opportunity for real estate investors, offering good return potential and lucrative rental income for Airbnb hosts aiming to capitalize on the booming tourism scene.

Key STR Metrics:

  • Average Gross Yield: 6.7%
  • Average Property Value: $733,103 (as of December 2024)
  • Average Annual Revenue: $49,427 (past 12 months)
  • Average Occupancy Rate: 44% (past 12 months)
  • Qualifying Airbnbs: 284 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 75%

Find Airbnbs For Sale in Chandler, AZ →

15. Tempe, AZ

Tempe, AZ, is a vibrant hub for short-term rental investors seeking good returns in 2025. Home to Arizona State University and popular attractions like Tempe Town Lake and the Mill Avenue District, the city draws tourists year-round. Visitors enjoy local sports teams and events like the Tempe Festival of the Arts. The booming tourism and varied attractions make it one of the best places for vacation rentals. This dynamic market offers lucrative opportunities for real estate investing and rental income through platforms like Airbnb and other vacation homes.

Key STR Metrics:

  • Average Gross Yield: 6.7%
  • Average Property Value: $634,122 (as of December 2024)
  • Average Annual Revenue: $42,279 (past 12 months)
  • Average Occupancy Rate: 46% (past 12 months)
  • Qualifying Airbnbs: 468 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 59%

Find Airbnbs For Sale in Tempe, AZ →

16. Tucson, AZ

Tucson, AZ, a gem for real estate investors seeking vacation rentals, offers vibrant attractions that appeal to tourists year-round. Home to the University of Arizona, with exciting sports events, and renowned attractions like Saguaro National Park and the Arizona-Sonora Desert Museum, Tucson draws in diverse visitors. Its dynamic short-term rental market promises lucrative rental income. Events such as the Tucson Gem and Mineral Show and El Tour de Tucson further boost tourism, making it one of the best places for a profitable investment property.

Key STR Metrics:

  • Average Gross Yield: 6.5%
  • Average Property Value: $508,533 (as of December 2024)
  • Average Annual Revenue: $33,306 (past 12 months)
  • Average Occupancy Rate: 42% (past 12 months)
  • Qualifying Airbnbs: 2,256 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 72%

Find Airbnbs For Sale in Tucson, AZ →

17. Kingman, AZ

Kingman, AZ, a hidden gem in the Southwest, is a top pick for real estate investors eyeing the short-term rental market. Known for its charming Route 66 vistas and proximity to the Grand Canyon, Kingman offers attractions like the Route 66 Museum and Hualapai Mountain Park. Tourists are drawn to annual events like the Andy Devine Days Parade. With its growing tourism, Kingman is ideal for vacation homes and Airbnb investments, promising good rental income and cash flow opportunities for savvy investors.

Key STR Metrics:

  • Average Gross Yield: 6.5%
  • Average Property Value: $378,895 (as of December 2024)
  • Average Annual Revenue: $24,789 (past 12 months)
  • Average Occupancy Rate: 40% (past 12 months)
  • Qualifying Airbnbs: 93 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 140%

Find Airbnbs For Sale in Kingman, AZ →

18. Phoenix, AZ

Phoenix, AZ is a vibrant hub for short-term rental properties, offering investors lucrative opportunities in its dynamic housing market. Known for its year-round sunshine, Phoenix attracts tourists with attractions like the Desert Botanical Garden and Camelback Mountain. Sports enthusiasts enjoy the Phoenix Suns and Arizona Diamondbacks, while annual events such as the Phoenix Open and Barrett-Jackson Car Auction draw crowds. The city's diverse attractions make it one of the best places for Airbnb hosts looking to capitalize on rental income and good return on investment property.

Key STR Metrics:

  • Average Gross Yield: 6.5%
  • Average Property Value: $646,067 (as of December 2024)
  • Average Annual Revenue: $41,975 (past 12 months)
  • Average Occupancy Rate: 42% (past 12 months)
  • Qualifying Airbnbs: 2,370 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 71%

Find Airbnbs For Sale in Phoenix, AZ →

19. Cornville, AZ

Cornville, AZ, nestled in the picturesque Verde Valley, is gaining traction among real estate investors eyeing lucrative short-term rentals. This serene locale offers vacation homes close to attractions like Page Springs Cellars and the scenic Oak Creek. Not far from Sedona's famed red rocks, Cornville entices tourists seeking tranquility and adventure. With events such as the annual Cornfest and nearby outdoor activities, the area promises good rental income. Its emerging short-term rental market makes Cornville a prime spot for investment properties delivering robust cash flow for Airbnb hosts.

Key STR Metrics:

  • Average Gross Yield: 6.3%
  • Average Property Value: $746,608 (as of December 2024)
  • Average Annual Revenue: $46,963 (past 12 months)
  • Average Occupancy Rate: 42% (past 12 months)
  • Qualifying Airbnbs: 81 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 48%

Find Airbnbs For Sale in Cornville, AZ →

20. Lake Havasu City, AZ

Lake Havasu City, AZ, is an enticing hotspot for real estate investors targeting the short-term rental market. Known for its crystal-clear waters and the iconic London Bridge, it attracts tourists year-round, eager to enjoy boating, fishing, and vibrant nightlife. Seasonal events like the annual Hot Air Balloon Festival and Lake Havasu Marathon draw further visitors. The robust tourism scene offers excellent rental income potential for vacation homes listed on platforms like Airbnb. With its thriving attractions and ideal investment properties, Lake Havasu City stands out for cash flow opportunities.

Key STR Metrics:

  • Average Gross Yield: 6.2%
  • Average Property Value: $674,447 (as of December 2024)
  • Average Annual Revenue: $41,975 (past 12 months)
  • Average Occupancy Rate: 37% (past 12 months)
  • Qualifying Airbnbs: 823 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 67%

Find Airbnbs For Sale in Lake Havasu City, AZ →

Categories: Airbnb Market Data

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About the author

Emir Dukic

CEO @ Rabbu.com

With a passion for real estate innovation and technology, Emir has transformed Rabbu into a go-to marketplace for real estate investors seeking high-yield opportunities in the short-term rental market. Drawing on his background in entrepreneurship and operational strategy, Emir has been instrumental in simplifying the complexities of the short-term rental industry, empowering investors to maximize their returns with data-driven insights and streamlined tools.

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