PORTLAND, Ore.–(BUSINESS WIRE)–VacasaNorth America’s leading vacation rental management platform, released its fifth annual report Top 25 Best Places to Buy a Vacation Home report today. Each year, the company ranks its top 25 markets* for buying a vacation home based on capitalization rate (ceiling), or the rate of return on your investment. The report’s ranking also takes into account key data points, including median home sale price and annual gross rental income, to help guide buyers to markets that have an attractive investment profile and are favorable for vacation rental.
“According to a recent analysis by Redfin, global market conditions would slow home sales after years of historically high demand and low inventory. As a result, the real estate market is stabilizing and allowing potential buyers to search for the right home with less pressure than a year or two ago,” said Daned Kirkham, senior director of real estate at Vacasa. “The ever-changing real estate market highlights the importance of having an agent specializing in vacation rental destinations and homes to help buyers select the best investment.
According to this year’s report, buyers should consider vacation homes in waterfront destinations, as the vast majority of markets are waterfront or adjacent to water, including this year’s number one destination, Lake Anna, in Virginia. The demand for waterfront properties has been reflected in Vacasa data throughout the past year. The 2022 Vacation Rental Buyers Report revealed that short-term rental buyers are most interested in beach markets, up 10% from 2021. On the customer side, that sentiment also rings true: sunny beaches dominated the top 10 cities. Vacasa’s most sought-after. Vacation Rental Search Report 2022.
However, not all 2022 markets are beachy (or new!). A handful of rehearsal locations 2021 Top 25 Best Places to Buy a Vacation Home report also made the 2022 list, in addition to newcomers like Phoenix and Tucson, Arizona; Sylva, North Carolina; and Nashville, Tennessee; representing desert, urban and mountain destinations popular among buyers.
To view Vacasa’s full report on the 25 best places to buy a vacation home, click HERE.
*Our Methodology
To determine its ranking of top vacation rental markets, Vacasa analyzed home sales and vacation rental performance data for the past twelve months for vacation destinations across the country where Vacasa and its licensed affiliates operate at least 50 units, half of which were under the control of Vacasa. management for at least 12 months and there are over 250 vacation rentals not managed by Vacasa. To determine the average gross rental income (owner’s income earned from bookings, excluding fees) for a market, we averaged actual performance data for units managed by Vacasa over the last 12 months and adjusted this number to reflect the owner’s assumed usage. To calculate the average cap rate, we considered the averages of the following in each market: property taxes, utilities, insurance and property management fees.
About Vacasa
Vacasa is North America’s leading vacation rental management platform, transforming the vacation rental experience by integrating purpose-built technology with local and national teams of experts. Owners enjoy significant additional income on one of their most valuable assets, thanks to the company’s unparalleled technology that adjusts rates in real time to maximize revenue. Customers can relax in comfort at Vacasa’s more than 35,000 homes in over 400 destinations across North America, Belize and Costa Rica, knowing that 24/7 support is only a stone’s throw away. a phone call. In addition to allowing customers to search, discover and book their properties on Vacasa.com and the Vacasa Guest app, Vacasa provides valuable and professionally managed inventory to major distribution partners including Airbnb, Booking.com and Vrbo.
For more information, visit https://www.vacasa.com/press.
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