Airbnb Market Data

7 min read

9 Best Short Term Rental Markets In Maryland For 2025

We’ve identified the top 9 cities in Maryland that offer promising opportunities to investors looking for high-yield STR markets.

Written By

Emir Dukic

Jan 31, 2025

Maryland 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 9 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 Maryland 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 2,657 Airbnb listings across the state of Maryland 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 9 cities in Maryland 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 9 STR Markets in Maryland

1. Cambridge, MD

Cambridge, MD is a hidden gem in the short-term rental market, ideal for real estate investors seeking strong rental income and good return on investment. Nestled on Maryland’s Eastern Shore, this charming city attracts tourists with its rich history, picturesque waterfront views, and vibrant activities. Attractions like the Harriet Tubman Museum, and annual events like the Cambridge Classic Powerboat Regatta, draw visitors year-round. This makes Cambridge one of the best places for vacation homes and STR opportunities in the region.

Key STR Metrics:

  • Average Gross Yield: 14.7%
  • Average Property Value: $423,041 (as of December 2024)
  • Average Annual Revenue: $61,989 (past 12 months)
  • Average Occupancy Rate: 31% (past 12 months)
  • Qualifying Airbnbs: 107 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 52%

Find Airbnbs For Sale in Cambridge, MD →

2. Berlin, MD

Berlin, MD is a charming destination for short-term rental properties, boasting a vibrant tourism scene perfect for real estate investors seeking vacation rentals. The town offers a blend of quaint streets, boutique shopping, and the stunning Ocean City beaches nearby. Guests and tourists flock to local attractions like the annual Berlin Fiddler's Convention and theater performances at the Globe. With its rich culture and growing visitor numbers, the Berlin housing market promises a good return, making it an appealing choice for Airbnb hosts and investment property seekers focused on rental income.

Key STR Metrics:

  • Average Gross Yield: 12.2%
  • Average Property Value: $644,484 (as of December 2024)
  • Average Annual Revenue: $78,414 (past 12 months)
  • Average Occupancy Rate: 33% (past 12 months)
  • Qualifying Airbnbs: 153 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 57%

Find Airbnbs For Sale in Berlin, MD →

3. Ocean City, MD

Ocean City, MD, is a vibrant destination for both real estate investors and tourists, making it a top pick for the best short-term rental markets in 2025. Known for its iconic boardwalk, beautiful beaches, and lively atmosphere, it attracts numerous visitors each year. Thrill-seekers appreciate attractions like Trimper's Rides and Jolly Roger Amusement Park. Key events like the Maryland State Firemen's Convention and Springfest further boost tourism. With a strong vacation rentals market, Ocean City promises good returns and solid rental income for Airbnb hosts and vacation homeowners alike.

Key STR Metrics:

  • Average Gross Yield: 11.0%
  • Average Property Value: $643,570 (as of December 2024)
  • Average Annual Revenue: $70,566 (past 12 months)
  • Average Occupancy Rate: 29% (past 12 months)
  • Qualifying Airbnbs: 1,027 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 64%

Find Airbnbs For Sale in Ocean City, MD →

4. Oakland, MD

Oakland, MD, offers an inviting short-term rental market for real estate investors seeking good returns on vacation homes. Nestled in the heart of Garrett County, this charming town is near Deep Creek Lake, a hotspot for water sports, hiking, and skiing. The annual Autumn Glory Festival attracts tourists with its vibrant fall colors and local festivities. With its thriving tourism scene, Oakland is one of the best places for Airbnb hosts to capitalize on consistent rental income while providing guests with unforgettable experiences in a picturesque setting.

Key STR Metrics:

  • Average Gross Yield: 10.4%
  • Average Property Value: $611,840 (as of December 2024)
  • Average Annual Revenue: $63,753 (past 12 months)
  • Average Occupancy Rate: 35% (past 12 months)
  • Qualifying Airbnbs: 141 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 69%

Find Airbnbs For Sale in Oakland, MD →

5. Baltimore, MD

Baltimore, MD is a vibrant city brimming with attractions ideal for the short-term rental market. Known for its Inner Harbor, historic charm, and sports teams like the Orioles and Ravens, Baltimore attracts tourists year-round. Key festivals and events such as Artscape and Light City add to its allure. Real estate investors will find great potential in vacation rentals near popular spots like the National Aquarium and Fells Point. With rising tourism, investing in Baltimore's vacation homes promises a good return and steady rental income for investors and Airbnb hosts.

Key STR Metrics:

  • Average Gross Yield: 10.2%
  • Average Property Value: $319,988 (as of December 2024)
  • Average Annual Revenue: $32,606 (past 12 months)
  • Average Occupancy Rate: 36% (past 12 months)
  • Qualifying Airbnbs: 493 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 68%

Find Airbnbs For Sale in Baltimore, MD →

6. Annapolis, MD

Annapolis, MD, a gem for real estate investing, stands out in the short-term rental market with its thriving tourism scene. This historic city, known for the U.S. Naval Academy and vibrant waterfront, offers exciting attractions for visitors. Tourists flock to its scenic Chesapeake Bay, rich history at the Maryland State House, and events like the Annapolis Boat Show. As a top choice for vacation rentals, Annapolis promises good return on investment with its steady rental income potential, making it ideal for real estate investors seeking high cash flow opportunities.

Key STR Metrics:

  • Average Gross Yield: 7.5%
  • Average Property Value: $1,024,351 (as of December 2024)
  • Average Annual Revenue: $77,075 (past 12 months)
  • Average Occupancy Rate: 39% (past 12 months)
  • Qualifying Airbnbs: 345 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 82%

Find Airbnbs For Sale in Annapolis, MD →

7. Frederick, MD

Frederick, MD is a charming destination for real estate investors seeking profitable short-term rental properties. Known for its picturesque downtown, historic architecture, and vibrant arts scene, it attracts numerous visitors year-round. Key attractions include the beautiful Carroll Creek Park, historic battlefields, and a thriving brewery scene. Special events like the In the Streets festival and Frederick's Oktoberfest draw tourists, ensuring high rental income potential. With its dynamic real estate market, Frederick offers one of the best places for investment property and vacation rentals.

Key STR Metrics:

  • Average Gross Yield: 5.8%
  • Average Property Value: $646,240 (as of December 2024)
  • Average Annual Revenue: $37,777 (past 12 months)
  • Average Occupancy Rate: 44% (past 12 months)
  • Qualifying Airbnbs: 123 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 60%

Find Airbnbs For Sale in Frederick, MD →

8. Mc Henry, MD

McHenry, MD, nestled in the scenic Allegheny Mountains, is a hidden gem for short-term rental investors, with a thriving tourism scene driven by attractions like Deep Creek Lake and Wisp Resort. The area's year-round activities—boating, skiing, golfing—entice visitors, ensuring steady rental income. Special events such as the Deep Creek Dunk and Autumn Glory Festival boost demand for vacation rentals, making it a prime real estate market. With strong occupancy rates and good return potential, McHenry is an ideal location for real estate investors seeking profitable short-term rental properties.

Key STR Metrics:

  • Average Gross Yield: 5.5%
  • Average Property Value: $1,118,279 (as of December 2024)
  • Average Annual Revenue: $61,563 (past 12 months)
  • Average Occupancy Rate: 33% (past 12 months)
  • Qualifying Airbnbs: 118 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 71%

Find Airbnbs For Sale in Mc Henry, MD →

9. Silver Spring, MD

Silver Spring, MD, is a vibrant destination perfect for real estate investing in short-term rental properties. Known for its artistic flair and cultural diversity, this area attracts tourists with attractions like the AFI Silver Theatre and the bustling Downtown Silver Spring. Visitors enjoy proximity to Washington, D.C., along with events such as the Silver Spring Jazz Festival. The thriving vacation rentals market offers Airbnb hosts a good return, providing consistent rental income and positive cash flow in one of the best places for investment property in Maryland.

Key STR Metrics:

  • Average Gross Yield: 4.8%
  • Average Property Value: $711,242 (as of December 2024)
  • Average Annual Revenue: $33,823 (past 12 months)
  • Average Occupancy Rate: 40% (past 12 months)
  • Qualifying Airbnbs: 150 (as of January 2025)
  • Year-Over-Year Growth in Airbnbs: 92%

Find Airbnbs For Sale in Silver Spring, MD →

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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