Want to invest in a short-term rental? Check out Fairbanks, Alaska – ranked second in a list of the best places to invest in the USA. Want something closer to home? Peoria, Illinois leads the list as your best bet.

The source of the list is AirDNA, a Denver-based provider of short-term rental (STR) data and analytics, which higlights an innovative guide that shows the markets where STR is most promising. It is based on an analysis of 540,000 properties currently for sale based on demand, revenue growth potential, “investability” and whether such rentals are heavily regulated.

Last year was a difficult one for STR investors, AirDNA noted, due to a limited supply of homes and apartments. Listings grew by just 6.8%, compared to 14.4% in 2023.

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