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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$1,732
$2,531
Appreciation
Data-driven answers to common investor questions about this market.
8.5%
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Job Growth
-0.01%
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Population
38,486
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The LTR Genie Score of Atlantic City, NJ is 73 and STR Genie Score is 70, indicating a moderate to high potential for both long-term and short-term rental investments in the area. The LTR Rentability being low may be attributed to the stagnant LTR Rent Growth Rate of 0.0%, while the STR Net ROI of 43.65% suggests a higher return on investment for short-term rentals. The 1-Year Price Appreciation Forecast of 5.6% indicates potential growth in property values.
Atlantic City, NJ is a popular tourist destination known for its casinos, beaches, and entertainment options. The city's STR Occupancy rate of 37.93 and STR Revenue of 2531 reflect the demand for short-term rentals in the area, making it a potentially lucrative market for investors looking to capitalize on the tourism industry.
Based on the metrics provided, Atlantic City, NJ appears to be a favorable market for short-term rental investments due to the high STR Net ROI and demand for vacation rentals. However, the moderate LTR Genie Score suggests that long-term rental investments may also be viable in the area. Investors may consider diversifying their portfolio by exploring opportunities in both long-term and short-term rentals in Atlantic City.