I was curious about a few small towns near me. They only have 4 Airbnb’s, 2 on a small lake and 2 on land. The city is an hour from Chicago in Indiana. Plenty of grocery, bars, restaurants and essentials. Not really any national events going on there though like a Chicago or Indy might have.
I looked at some of the bookings.Another has 25% of days booked for June ($40/night). Another has 20% booked in June ($125/night on lake). The last, on a farm with llamas, 43% booked, every weekend in June ($143/night).
You can buy a triplex (1bd/1ba each unit) in this city that is in great shape for only $75,000.
Not a lot of comparable. How can someone figure out if a small, maybe untapped, market is any good?