Introduction
Flagstaff, AZ, known for its stunning scenery, outdoor adventures, and proximity to the Grand Canyon, is a hotspot for tourists and outdoor enthusiasts. With a steady stream of visitors throughout the year, short-term rental investments in Flagstaff can be highly profitable. Here’s an analysis of the top-performing zip codes, including gross yields, annual revenues, Zillow home values, and neighborhood insights.
86005: Pine Canyon & South Flagstaff
- Gross Yield: 6%
- Annual Revenue: $43,407
- Zillow Home Value: $743.3K
Zip code 86005 includes the Pine Canyon community and areas of South Flagstaff, known for luxurious homes, golf courses, and a serene forested environment. With a gross yield of 6% and the highest annual revenue on this list at $43,407, this area is particularly attractive for high-end short-term rentals. Zillow home values are also the highest at $743.3K, reflecting the upscale nature of the neighborhood. The area’s appeal lies in its proximity to outdoor activities like hiking, golfing, and mountain biking, making it popular among affluent travelers and families seeking a luxury getaway.
86001: Downtown Flagstaff & Northern Arizona University
- Gross Yield: 6%
- Annual Revenue: $37,205
- Zillow Home Value: $664.0K
Zip code 86001 covers Downtown Flagstaff and the area around Northern Arizona University (NAU). With a gross yield of 6% and annual revenue of $37,205, this zip code provides a reliable income stream. Zillow home values average $664.0K, driven by the central location and proximity to NAU. This area’s lively atmosphere, complete with restaurants, breweries, and cultural events, makes it a favorite for young travelers, students, and tourists. The historic downtown and easy access to trails and ski areas contribute to its consistent demand for short-term rentals.
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86004: East Flagstaff & Continental Country Club
- Gross Yield: 5%
- Annual Revenue: $32,592
- Zillow Home Value: $608.8K
Zip code 86004 includes East Flagstaff and the Continental Country Club neighborhood, which is popular for family-friendly amenities and golf courses. The gross yield is slightly lower at 5%, with annual revenue of $32,592, but Zillow home values are the most affordable on this list at $608.8K. The area’s appeal comes from its proximity to hiking and biking trails, the Flagstaff Mall, and recreational facilities. It’s a great location for families and travelers who prefer a quieter stay while still having easy access to downtown Flagstaff and outdoor adventures.
Conclusion
Investing in Flagstaff offers diverse opportunities, from luxury homes near golf courses to vibrant downtown properties catering to students and young professionals. With its year-round tourist appeal, investors can maximize their rental income while enjoying property appreciation in this scenic mountain city.
