Evolve Ranks Among Top Destinations for 2022 Vacation Rental Investment
The housing market is becoming more favorable for buyers whose rural, mountainous and coastal locations dominate the list of year-round vacation rental potential
DENVER, 21 October 2021 / PRNewswire / – To evolve, a leading hospitality company with more than 16,000 vacation rentals, has officially released its The best places to buy a vacation rental in 2022 conclusions, a list of a dozen destinations in the United States that consistently outperform the market and deliver exceptional return on investment for owners. The list is based on a combination of three primary metrics: vacation rental performance in the United States, Zillow’s median home value in 2021, and estimated annual expenses to operate a vacation rental.
Of Evolve’s top 12 destinations, 75% are in mountainous areas, while 25% are waterfront, a finding that matches a broader consumer trend within the travel industry. .
“To evolve Travel Trend Forecast 2022 found that of the more than 5,000 travelers surveyed, the majority look for rural and isolated mountain getaways and waterfront getaways – 60.7% and 83.7% respectively – rather than urban experiences, ”he said. declared Louis Old, Senior Director of Real Estate Services at Evolve. “The best places to invest are directly tied to these highly sought after vacation experiences, which ultimately maximizes earning potential. “
According to Home buying institute, recent reports show an increase in the number of homes for sale, a slowdown in price appreciation and a general cooling trend in real estate. This indicates that the housing market may become more favorable to buyers in 2022 than it has been this year.
“Vacation rentals continue to post strong gains both in the interest of consumers and high incomes, with no signs of slowing down. This fact, coupled with a slightly less competitive real estate market, indicates that 2022 will be the perfect time to invest in a second home, ”Olds said.
The best places in Evolve 2022 to buy a vacation rental:
The Poconos, Pennsylvania
Bryson City, North Carolina
Surfside Beach, Texas
North Conway, NH
Ruidoso, New Mexico
Windham, New York
Gulf Shores, Alabama
Pine forest – Lakeside, AZ
New destinations dominated the best places to buy this year, presenting expanded investment opportunities for homebuyers. Three destinations – Surfside Beach, Texas; Gulf Shores, Alabama; The Poconos, PA – were also selected for the Evolve contest The best places to buy a beach house and The best places to buy a house by the lake lists published this summer.
For more information on each of the destinations featured in Evolve The best places to buy a vacation rental in 2022, to learn more about their real estate services, or for become the owner of Evolve, visit www.evolve.com.
Methodology of the best places to invest
Evolve’s annual list of “Best Places to Invest” is aggregated based on a combination of proprietary and public data. The list focuses on three main metrics: US vacation rental performance metrics for where bookings lead to higher median earnings; The median house of Zillow in 2021 to identify listing prices; and the estimated annual expenses of running a vacation rental (about 30 percent of total income) to help calculate cap rates.
Evolve is a hospitality company whose mission is to make vacation home rental easier for guests and owners. They’ve helped over 5 million customers rest knowing their homes are checked, their support is available 24/7, and if a stay doesn’t meet their standards, they’ll fix it. Evolve also makes vacation rental stress-free for over 16,000 homeowners, partnering with them to book more and keep more of what they earn through a 10% management fee, the lowest in the world. industry. Learn more about www.Evolve.com.
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