This is the best place to buy a vacation rental
Airbnb ushered in the national short-term rental economy. It has enabled millions of people to rent their homes, most of them for a few days. However, the long-term rental market has not disappeared. The Wall Street Journal recently reported that a number of them were holiday homes.
Among the data taken into account for Evolve’s recently released rental property report (The best places to buy a vacation rental in 2022) were places that consistently outperformed the market and those that offered homeowners the best return on investment. The report looked specifically at vacation rental performance, median house values from the Zillow housing research site, and the annual spend to manage one vacation rental per year.
Louis Olds, Senior Director of Real Estate Services at Evolve commented:
Evolve’s Travel Trend Forecast 2022 found that of more than 5,000 travelers surveyed, the majority are looking for rural and remote mountain getaways and waterfront getaways – 60.7% and 83.7% respectively – rather than urban experiences.
Research has shown the 12 best places to buy a vacation rental. Three quarters of them were in mountain regions. The rest of the seats were on the water.
The Pennsylvania Poconos are at the top of the list, as they have for four straight years. The area is southwest of New York and north of Philadelphia. Most likely, its proximity to such large populated areas helps it. New York residents can get there in about two hours.
Here are the 12 best places to own a vacation rental:
The Poconos, Pa. McGaheysville, Virginia Sevierville, Tenn. Bryson City, NC Surfside Beach, Texas Branson, Mo. Waldport, Oregon North Conway, NH Ruidoso, NM Windham, NY Gulf Shores, Ala. Pinetop – Lakeside, Arizona.