Should You Invest In AIRBNB Phoenix Arizona In 2022?
Investing in real estate is one great way of building your wealth and creating a consistent stream of income. There are many ways of investing in real estate. If you want to buy a property that generates rental income, you can choose to either follow the traditional rental strategy or the short-term rental strategy. The short-term rental strategy has become increasingly popular with investors due to its high-income potential.
Many investors have been considering Airbnb Phoenix Arizona as their next investment. In this article, we look at whether Phoenix is a great housing market for the Airbnb business and provide some tips to help you nail down your investment process.
Why Invest in Phoenix Real Estate Market in 2022?
The Phoenix real estate market should be on any savvy investor’s radar. Once considered a sleepy town in the West, it’s now one of the fastest-rising cities. With a population of well over 1.6 million residents, Phoenix is the fifth most populous city in the US.
The population has grown by about 20% in the past decade alone. The COVID-19 pandemic also contributed to the population boom as many people moved in search of affordable but larger spaces. This has turned this affordable city into one of the most expensive real estate markets.