10 tracked markets
Source: BNBCalc market metadata · Reviewed by Parker Place, CTO of BNBCalc.com · Data updated July 10, 2026
Sedona is the top Arizona short-term rental market across Airbnb and Vrbo by gross yield, with 13.5% gross yield, $73,897 in average annual revenue, and 3,187 active listings.
Top gross yield
13.5%
Sedona
Median gross yield
8.7%
10 markets with yield data
Median annual revenue
$37.9K
Average listing revenue
Tracked markets
10
Statewide market coverage
Filter market rankings
Default rankings show all bedrooms at the average performance tier.
Bedroom count
Performance tier
#1
Sedona stands out as a high-performing short-term rental market, generating an impressive $71,734 in annual revenue and a 13.1% gross yield. Even with a stable 41% occupancy rate, investors face a crowded field of 3,207 active listings, making premium guest experiences essential to command the $390 average daily rate.
Yield
13.5%
Revenue
$73.9K
Listings
3,187
#2
In Lake Havasu, short-term rental investors can achieve an 11.2% gross yield and a solid average daily rate of $279. However, with 1,447 active listings, a low 29% occupancy rate represents a significant hurdle to consistently reaching the market's average annual revenue of $32,161.
Yield
12.5%
Revenue
$36.4K
Listings
1,491
#3
With a massive inventory of 13,361 active listings, the Phoenix short-term rental market demands exceptional property management to capture its $51,991 annual revenue. Investors can still find success here, thanks to a strong 10.1% gross yield, a $327 average daily rate, and a steady 39% occupancy rate.
Yield
11.4%
Revenue
$58.5K
Listings
13,752
#4
The Page short-term rental market delivers strong fundamentals for investors, including an 11.0% gross yield and $41,595 in annual revenue. Backed by a 40% occupancy rate and a $244 ADR, the 330 active listings indicate a healthy, high-performing environment with moderate competition.
Yield
10.6%
Revenue
$40.6K
Listings
323
#5
The Tonto National Forest short-term rental market provides an 8.9% gross yield and a healthy average daily rate of $270. Investors can target an annual revenue of $39,558, though they should note the 33% occupancy rate across the 520 active listings.
Yield
8.8%
Revenue
$39.3K
Listings
527
#6
For short-term rental investors, Tucson offers a 7.8% gross yield and an average daily rate of $209. However, with a large supply of 3,640 active listings and a low occupancy rate of 35%, buyers must focus on property differentiation to successfully capture the projected $26,577 in annual revenue.
Yield
8.5%
Revenue
$29.4K
Listings
3,667
#7
In the White Mountains, short-term rental investors can target a 7.7% gross yield and an average daily rate of $242. However, with 1,016 active listings and a low occupancy rate of 28%, buyers must carefully manage their expectations and optimize their properties to capture the $28,015 annual revenue.
Yield
8.2%
Revenue
$30.0K
Listings
1,026
#8
Flagstaff provides short-term rental investors with a 7.7% gross yield and a solid annual revenue of $46,788, driven by an average daily rate of $270. However, with 1,928 active listings and a moderate 39% occupancy rate, buyers must implement strong marketing strategies to remain competitive in this active market.
Yield
7.7%
Revenue
$47.1K
Listings
1,940
#9
In Yuma, short-term rental investors can capitalize on a 6.2% gross yield and 451 active listings competing in the market. However, the low annual revenue of $20,466 and a modest 33% occupancy rate mean buyers must carefully manage expenses against the $178 average daily rate to remain profitable.
Yield
7.0%
Revenue
$23.0K
Listings
461
#10
Prescott presents a moderate investment opportunity with a 7.1% gross yield and an average daily rate of $213. However, short-term rental investors should note the low 37% occupancy rate across its 815 active listings, which may require strategic pricing to optimize the $33,350 annual revenue.
Yield
6.8%
Revenue
$32.1K
Listings
835
Every market below links to its full BNBCalc market page. Rankings use gross yield first, then annual revenue when yield is missing.
Active listings are Airbnb and Vrbo listings observed as active in the selected market metadata segment. The all-bedrooms view uses all active listings in that market; bedroom filters use the active listing count for the selected bedroom group.
| Rank | Market | Gross yield | Annual revenue | Monthly revenue | ADR | Occupancy | Listings | Purchase price |
|---|---|---|---|---|---|---|---|---|
| #1 | Sedona | 13.5% | $73,897 | $6,158 | $343 | 47% | 3,187 | $547,207 |
| #2 | Lake Havasu | 12.5% | $36,417 | $3,035 | $244 | 35% | 1,491 | $291,077 |
| #3 | Phoenix | 11.4% | $58,453 | $4,871 | $271 | 49% | 13,752 | $514,089 |
| #4 | Page | 10.6% | $40,646 | $3,387 | $213 | 43% | 323 | $382,545 |
| #5 | Tonto National Forest | 8.8% | $39,347 | $3,279 | $247 | 35% | 527 | $446,867 |
| #6 | Tucson | 8.5% | $29,364 | $2,447 | $187 | 40% | 3,667 | $343,646 |
| #7 | White Mountains | 8.2% | $30,047 | $2,504 | $234 | 30% | 1,026 | $368,318 |
| #8 | Flagstaff | 7.7% | $47,065 | $3,922 | $247 | 42% | 1,940 | $607,503 |
| #9 | Yuma | 7.0% | $22,953 | $1,913 | $166 | 39% | 461 | $329,632 |
| #10 | Prescott | 6.8% | $32,085 | $2,674 | $197 | 38% | 835 | $472,233 |
For US markets, BNBCalc ranks state market pages by gross yield: annual Airbnb and Vrbo short-term rental revenue divided by estimated property value. Gross yield is a fast way to compare market-level opportunity before operating expenses, financing, taxes, insurance, seasonality, and local rules.
Annual revenue uses ADR, adjusted occupancy, and estimated cleaning revenue when cleaning and stay data exists.
ADR is nightly-only and excludes cleaning fees and other guest fees.
Occupancy is adjusted occupancy of bookable nights, excluding host-blocked nights.
Gross yield uses annual revenue divided by estimated property value; it does not include operating expenses, financing, taxes, or local regulation risk.