Experts say that the growing popularity of short-term home rentals affects the conventional lease. The growing influx of tourists incentivizes homeowners to raise the prices of long-term rentals too. This trend is relevant for those who are planning to purchase real estate in the USA, making Florida a particularly lucrative choice.
As of December 2022, the number of short-term rental units in Northeast Florida surged by 26% compared to a year ago. Somewhat surprisingly, this area does not offer exclusively beach leisure, where such performance would make sense. Nevertheless, it is in the northeast of the state where the greatest boom of short-term lease was recorded.
The market of Jacksonville is No. 5 in the USA by the amount of rent-generated revenue. The most popular locations for short-term rentals are Southside, Baymeadows, Jacksonville Beach, Avondale, Murray Hill, and Riverside.