59 STR markets,
ranked GREEN / YELLOW / RED.

Premium SFH beach-house arbitrage on Forgotten Coast barrier islands.

ADR

2BR ADR $205–$350

Zone

Cape San Blas peninsula (32456)

Post-Schroeder Charlotte stripped all STR-specific UDO provisions in April 2022; only generic zoning permit + business license + 8% Mecklenburg ROT remain.

ADR

1BR ADR $115–$170

Zone

Uptown (28202)

ID Panhandle dual-season lake (Lake CDA + Lake Pend Oreille) + Schweitzer ski metro under strong state preemption.

ADR

1BR ADR $200–$311

Zone

Schweitzer Mountain village (Bonner Co, 83864)

Most permissive coastal NC market after OBX — Schroeder + NCGS 160D-1207 preempts STR permits across all six jurisdictions, $410-$491 ADR on Emerald Isle (cheaper entry vs OBX, similar quality), 41-56% blended occupancy, but extreme Jun-Aug concentration and Jan revenue collapse to ~$1,800/mo; arbitrage edge in shoulder fishing demand + Beaufort historic district MTR pivot.

ADR

2BR ADR $250–$400

Zone

Emerald Isle west end (Land's End / Spinnaker's Reach corridor)

Two low-density SC barrier-island cottage markets (Edisto Beach 29438 + Pawleys Island/Litchfield 29585) where STR is the local economy.

ADR

1BR ADR $110–$180

Zone

Edisto Beach front (Palmetto Blvd, oceanfront)

Galveston is a STR-driven beach economy.

ADR

studio ADR $100–$160

Zone

West End / Pirates Beach (77554)

Fort Cavazos (~36k active duty + family + DoD contractors + perpetual TDY rotation) drives constant 30-90 day furnished demand.

LTR

1BR rent $750–$900

Zone

Harker Heights (76548)

Disney-orbit vacation-home market with whole subdivisions zoned Tourist Commercial / built-for-STR.

ADR

3BR ADR $180–$240

Zone

ChampionsGate (Retreat)

AZ state preemption (SB 1350 / ARS 9-500.39) keeps STR by-right citywide; arbitrage edge is Island/Channel/McCulloch condos with permissive HOAs feeding spring break + summer boating + snowbird shoulder, taxed at ~13.7% blended.

ADR

1BR ADR $200–$270

Zone

The Island (86403) - Bridgewater Channel / London Bridge

Boater-driven MO lake market with Memorial Day-Labor Day boom, Bikefest (Sep) + Shootout (Aug) ADR spikes, brutal Nov-Mar trough.

ADR

1BR ADR $120–$180

Zone

Osage Beach (Premium Outlets / Margaritaville corridor, 65065)

Premium two-season Payette Lake + Brundage/Tamarack ski market in Valley Co ID.

ADR

1BR ADR $209–$278

Zone

Tamarack Resort (Donnelly 83615)

Mature, permissive NC beach market with weak/absent local STR permits, ~$809 avg house ADR, but EXTREME 12-week seasonality (Jun-Aug captures bulk of revenue) and oligopoly PMs (Twiddy/Sun/Village/Carolina Designs) lock up SFH inventory.

ADR

2BR ADR $300–$500

Zone

Corolla (Whalehead, Ocean Sands, Pine Island)

TX-preempted coastal cluster: Port A registration-only regime with 9% city HOT + 6% state, HOA-friendly beachfront condos dominate inventory, and Spring Break + summer + fishing + Winter Texan demand stack to 4-quarter occupancy.

ADR

1BR ADR $200–$280

Zone

Port Aransas beachfront condo corridor (78373)

Two adjacent NC barrier-island clusters (Topsail + South Brunswick) operating under NC Vacation Rental Act preemption (NCGS Ch.

ADR

2BR ADR $280–$420

Zone

Topsail Beach south end

Post-Schroeder (2022 NC Ct App), Wilmington's STR registration, 2% cap, 400-ft spacing, and lottery were struck down under NC G.S.

ADR

1BR ADR $120–$180

Zone

Historic Downtown Wilmington (28401)

Premium beach ADR ($680-$1,400+ nightly, 63-64% occupancy) on a 7-mile barrier island with three home-rule cities (Anna Maria, Holmes Beach, Bradenton Beach) running aggressive STR registration + occupancy + parking enforcement.

ADR

2BR ADR $482–$1415

Zone

South Bradenton Beach / Coquina

YELLOW market.

ADR

studio ADR $110–$160

Zone

Castleberry Hill (30313)

Three-jurisdiction Yellowstone gateway.

ADR

4BR+ ADR $564–$978

Zone

Big Sky Mountain Village (Gallatin Co unincorp 59730)

Family-tourism mountain lake market with Gatlinburg-shaped seasonality (Jun-Aug peak + Silver Dollar City Christmas Nov-Dec).

ADR

1BR ADR $120–$180

Zone

Indian Point (Stone Co side)

SW Florida canal-front SFH arbitrage on Gulf-access pool homes.

ADR

2BR ADR $180–$280

Zone

Yacht Club (33904)

Year-round dual-engine demand (world's #1 cruise port at Port Canaveral with 8.6M FY2025 passengers + record 156 rocket launches in 2025) drives STR occupancy at Cocoa Beach / Cape Canaveral, but Cocoa Beach 2025 fee hikes (highest in FL) and Satellite Beach prohibition narrow the playbook to multifamily condo arbitrage in HOA-permissive towers.

ADR

1BR ADR $150–$200

Zone

Cape Canaveral oceanfront (32920) — Port-adjacent condos

Event-driven beachfront STR economy (Daytona 500, Bike Week, Biketoberfest, Spring Break).

ADR

1BR ADR $131–$184

Zone

Daytona Beach Shores (32118/32127)

Premium Gulf-front condo arbitrage with median ADR ~$305-341 and top-quartile $497+; FL state preempts STR bans, but City of Destin and Walton County both run registration regimes with real teeth ($500/day operating-without-cert in Walton).

ADR

1BR ADR $200–$350

Zone

Holiday Isle (Destin, 32541)

Two-engine NW Arkansas pack: Eureka Springs is RED-tier (Oct 2021 ban on STRs in residential zones, ~24 grandfathered + commercial CUPs only); Bentonville/Rogers is GREEN-tier explosive Walmart-HQ + Crystal Bridges + cycling boom with no formal STR ordinance and massive corporate MTR demand; Bella Vista is YELLOW with a 600-unit non-owner cap that is effectively full (592/600 as of May 2026).

ADR

1BR ADR $110–$180

Zone

Bentonville Downtown / Crystal Bridges corridor

Two-jurisdiction split — Fernandina Beach restricts STR to R-3 (or grandfathered R-1/R-2) only with $300 permit + annual inspection, while unincorporated south island (Plantation/Summer Beach/American Beach) is FL-preempted permissive; Ritz-Carlton driven premium ADR ($340 median, $460 peak) with shoulder-season strength from Concours d'Elegance and Shrimp Festival.

ADR

2BR ADR $250–$482

Zone

Amelia Island Plantation (south island, unincorporated)

Multi-jurisdiction SW Florida beach market post-Hurricane Ian.

ADR

1BR ADR $216–$304

Zone

Estero Island / Fort Myers Beach (33931)

Hill Country wine + lakes weekend market with thick year-round demand and aggressive city-by-city tightening.

ADR

2BR ADR $227–$347

Zone

Fredericksburg ETJ + Gillespie unincorp along US-290 wine corridor

Three-jurisdiction metro.

LTR

1BR rent $1380–$1500

Zone

Wears Valley (Sevier Co unincorporated)

STR is the local economy on Hilton Head Island (~4,500 active listings, plantation HOAs built around STR).

ADR

1BR ADR $200–$290

Zone

Sea Pines Plantation (HHI)

Spa-and-racetrack year-round destination with three-jurisdiction split: City of Hot Springs (HARD-CAPPED at 400 residential STR licenses, currently CLOSED to new R-zone licenses since 7/1/2025; non-residential C/I zones still open), Garland County unincorporated (lake areas, no county STR ordinance), and Hot Springs Village POA (only $50/yr registration, otherwise permissive).

ADR

1BR ADR $130–$200

Zone

Lake Hamilton (Garland County unincorporated, 71913)

Largest US city with NO ZONING; STR historically wide-open.

ADR

studio ADR $80–$110

Zone

Texas Medical Center (77030)

MTR-first arbitrage market.

ADR

2BR ADR $2300–$2730

Zone

Cummings Research Park (35806, 35824)

Two-county barbell.

ADR

1BR ADR $90–$140

Zone

Jacksonville Beach (32250)

Premium snowbird arbitrage with split-jurisdiction play: Marco Island wide-open post-SB 250 (city ordinance nullified), unincorporated Collier requires $50 registration, City of Naples hostile (30-day min, 3 short stays/yr cap).

ADR

1BR ADR $244–$359

Zone

South Beach Marco (South Seas 3/4)

Brickell condo arbitrage on STR-permissive towers (Icon Brickell, Club at Brickell Bay, Smart Brickell I/II, Fortune House, YOTELPAD).

LTR

studio rent $1150–$2100

Zone

Brickell

Two-track coastal AL pack: cheap Mobile LTR rents (~$837-$1,337/2BR) feed Mardi Gras + business demand; Baldwin County beach condos (Gulf Shores, Orange Beach) deliver $300-$480 ADR with permissive city regimes inside the right zone overlay and HOA.

ADR

1BR ADR $197–$302

Zone

Perdido Beach Blvd condo corridor (Orange Beach 36561)

Grand Strand is a four-jurisdiction patchwork.

ADR

1BR ADR $120–$200

Zone

Ocean Blvd / RMV oceanfront condo-tels (MB)

Nashville is a Type-2-restricted market: non-owner-occupied STRs are banned in all R/RS/RM/AR2A residential zones since the 2022 Council action.

ADR

1BR ADR $150–$220

Zone

East Nashville (37206)

Beachside condo arbitrage on Atlantic Ave / Flagler Ave corridor (32169) with city zoning carve-out for STR by-right in named beachside zones; mainland and unincorporated county are dead zones.

ADR

1BR ADR $182–$237

Zone

South Atlantic Ave beachfront condo cluster (32169)

Strong condo arbitrage on Front Beach Rd / Lagoon corridor.

LTR

1BR rent $1200–$1700

Zone

Front Beach Rd corridor (32413)

Premium ski + Sundance arbitrage.

ADR

1BR ADR $250–$600

Zone

Canyons Village (Summit Co unincorp 84098)

Pensacola gives a wider arbitrage spread than Destin/30A: mainland 2BR LTR rent is $1,450-$1,750 while Pensacola Beach Gulf-front condo ADR runs $350-$416 at 69-91% occupancy.

ADR

1BR ADR $180–$250

Zone

Pensacola Beach (32561)

AZ state preemption (SB 1350 / ARS 9-500.39) keeps STR legal in every Maricopa city, but Scottsdale + Phoenix have weaponized registration, nuisance, sex-offender screening and occupancy caps to fence out amateurs.

ADR

1BR ADR $238–$588

Zone

Old Town Scottsdale (85251)

YELLOW market: TX state preemption keeps STRs legal, but Type 2 (non-owner-occupied) is capped at 12.5% per block face — many high-demand block faces are at cap.

ADR

1BR ADR $130–$175

Zone

Downtown / River Walk (78205)

YELLOW market: STVR allowed only inside Downtown/Victorian/Streetcar historic overlay plus B-C/B-N/B-L/A-1; 20% non-owner-occupied per-ward cap binding in most Downtown wards.

ADR

1BR ADR $208–$304

Zone

Downtown Historic District (31401)

Premium red-rock destination.

ADR

1BR ADR $200–$350

Zone

Village of Oak Creek (VOCA-covered, Yavapai unincorp 86351)

Premium-ADR Gulf market gated by tight zoning.

ADR

1BR ADR $250–$333

Zone

Siesta Key Village + Crescent Beach (34242)

Texas's flagship Spring Break + summer beach market on a narrow barrier island; STRs explicitly permitted and registered city-wide, March ADRs run multiples of shoulder months, but a Feb 2026 three-strikes ordinance puts operator license at risk for guest violations.

ADR

1BR ADR $260–$345

Zone

Central tourist strip (Padre Blvd, mile-marker 4-7)

UT has WEAK preemption (HB253 only blocks online-listing-based prosecution, not zoning bans), so the four jurisdictions diverge sharply: Springdale = grandfathered TLO-only with biennial March window, St George = overlay-zone-only (Desert Color/Paradise Village) plus 2-acre arterial carve-out, Hurricane = capped at 3/1000 residents + 300ft separation but workable around Sand Hollow, Kanab = the only broadly permissive jurisdiction.

ADR

2BR ADR $165–$215

Zone

Springdale (grandfathered TLO)

Multi-jurisdiction Pinellas pack.

ADR

1BR ADR $140–$220

Zone

St. Pete Beach — Pass-A-Grille Overlay + TC-1

Zone-by-zone, not citywide.

LTR

1BR rent $1200–$2100

Zone

Channel District

Four-jurisdiction Glacier+ski market.

ADR

1BR ADR $180–$280

Zone

Whitefish Mountain Resort / Big Mountain

Three-jurisdiction split market.

ADR

1BR ADR $150–$200

Zone

Black Mountain (Buncombe)

Austin proper has narrowed: STR-permissive condo plays concentrate in commercial-zoned downtown/Rainey buildings (Natiivo, 5Fifty5 Hilton, Milago).

LTR

1BR rent $1690–$2521

Zone

Rainey St corridor

Four-jurisdiction Cascades market.

ADR

1BR ADR $150–$220

Zone

Sunriver SROA loops (97707)

Charleston is jurisdiction-by-jurisdiction, not citywide.

ADR

2BR ADR $266–$370

Zone

North Charleston (Park Circle, Riverfront) — districts not at cap

Post-Hignell-Stark (5th Cir Oct 2025) New Orleans STR is playable for LLCs but inventory is artificially constrained by 1-per-square-block lottery, operator on-site requirement, and French Quarter / Garden District bans.

ADR

1BR ADR up to $306

Zone

CBD / Warehouse District (70112/70130)

Orlando city proper is essentially closed to non-hosted STR; the playable market is unincorporated Orange County tourist-corridor zones (I-Drive, Lake Buena Vista) plus Osceola vacation-home communities (ChampionsGate, Reunion, Solara).

ADR

1BR ADR $113–$174

Zone

Lake Buena Vista / Disney corridor (Osceola)

Premium ski market that has CRACKED DOWN hard since 2022.

Zone

Mountain Village base / Ski Time Square