As we enter September, it’s clear that each city presents unique opportunities and trends. For prospective hosts and investors looking to venture into the coliving space with PadSplit, here are some key insights and updates from various markets across the U.S.
Texas: A prime investment opportunity
Texas remains a standout market for real estate investment, particularly in the coliving sector. The state’s affordability, combined with a significant influx of new residents post-COVID, is driving rent prices upward. This trend makes Texas an increasingly competitive market, with PadSplit positioned to meet growing demand.
Houston, in particular, is a promising market due to its landlord-friendly laws, which further support PadSplit’s mission, creating a favorable environment for coliving investments.
Additionally, the rise in regulatory challenges for Airbnb, with Dallas leading the charge in restrictions, has shifted many investors towards PadSplit. Similar trends are emerging in Houston and San Antonio, where potential Airbnb bans could drive more investors to explore PadSplit’s coliving model.
Phoenix: Navigating market shifts
Phoenix boasts the fastest average booking time among all PadSplit markets. Over the past year, it has seen explosive growth, with a staggering 1,937% increase in active doors and a 2,124% rise in occupied doors. Remarkably, we’ve achieved this while boosting true occupancy by 6% and attaining a 13% year-over-year increase in achievable occupancy!
Las Vegas: Accessible entry point
Las Vegas continues to be a hot market with attractive acquisition prices. With many properties still available on the MLS, it’s an accessible entry point for those not connected to niche real estate networks. This presents a promising opportunity for new investors looking to enter the market.
Kansas City: Growing potential
Kansas City is gaining traction as a key market for PadSplit. With a robust vendor network and exciting developments, such as the upcoming World Cup in 2026, the city is poised for growth. The expansion of distribution facilities and the construction of new plants, including a major Ford Motor Company project, highlight the increasing demand for workforce housing.
Richmond: High demand for affordable Housing
Richmond is experiencing a surge in demand for affordable housing. With new Class A apartments renting for $1,450 to $1,750 per month, PadSplit has maintained over 90% occupancy in the area. The city’s population and job growth are driving this demand, making it a compelling market for coliving investments.
Baltimore: A promising market
Baltimore’s rental market is seeing a 12% annual increase in studio apartment rents. Investors can acquire and convert six-bedroom properties for $200,000 to $250,000, achieving strong cash flow despite lower rental rates. With fewer institutional buyers and a strong local vendor network, Baltimore offers a promising opportunity for PadSplit hosts.
Florida: A growing market with high potential
Florida’s growing population and rising cost of living make it a key market for PadSplit. Despite the challenges of acquisition due to high demand, Florida’s rental income gap and stable occupancy rates make it a strong candidate for investors seeking appreciation and cash flow.
Atlanta: The hub of PadSplit
Atlanta remains the heart of PadSplit’s operations, with over 6,000 doors across the city. The market’s maturity, favorable acquisition prices, and high demand for single-room occupancy make it an ideal location for PadSplit’s model. The city’s integration of coliving solutions and the strong demand from local employers and residents underscores Atlanta’s role as a bellwether for future market trends.
To learn more about becoming a PadSplit host, visit PadSplit.com today and earn up to 2.5x more on your rental properties in various markets.
