Where to buy a vacation home for best ROI on a short-term rental

 
 

The pandemic didn't put a stop to leisure travel — it just changed the way Americans approached it.

Instead of taking flights and staying in hotels, travelers are now more likely to road trip to a rental. Consider last summer: Americans forked over thousands of dollars for one precious week of vacation in a beach bungalow or mountain hideaway. 

And they'll keep doing so. Technavio, a research firm, recently forecast that the global vacation rental market will grow by nearly $63 billion between 2020 and 2024.

Savvy real-estate investors can reap those potential gains by methodically targeting certain hot spots.

Evolve, a vacation rental platform, just released an analysis of the best vacation towns to buy a rental property in, based on the median annual revenue of its own rental listings and on median home values sourced from Zillow.

The majority of the spots on the list — 75% — are mountain towns with close access to perks like national parks that are attractive vacation destinations in both the warmer and colder months.

Keep reading for the 12 best vacation areas for real-estate investors to target in 2022:

12. Pinetop-Lakeside, Arizona

Unlike other Arizona desert spots, like Sedona or Scottsdale, Pinetop is known for its pine-lined hiking trails and dozens of lakes. Its busiest seasons are winter and spring.

Median home listing price: $320,000

Median annual gross rental revenue: $28,043

11. Gulf Shores, Alabama

Gulf Shores is an Alabama beach town that sits on the Gulf of Mexico and the Florida border. It is known for its dive bars and restaurants as well as its white-sand beaches frequented by sea turtles and migratory birds. The busy seasons are spring and summer.

Median home listing price: $346,018

Median annual gross rental revenue: $30,222

10. Windham, New York

Windham, a Catskills town just three hours north of New York City that isn't as expensive as the Hudson Valley, is known for its wine bars and art galleries. The busy seasons are spring and summer.

Median home listing price: $459,500

Median annual gross rental revenue: $46,573

9. Ruidoso, New Mexico

A charming Southwestern town, Ruidoso is best known as a ski destination nestled in the Sierra Blanca mountains and an ideal summer heat getaway. The busy seasons are winter and summer.

Median home listing price: $243,458

Median annual gross rental revenue: $21,827

8. North Conway, New Hampshire

North Conway is a New Hampshire ski resort town year-round allure — many flock to the area to see New England's leaves change colors in the fall or hike the White Mountain National Forest in the warmer months. The busiest seasons are winter and summer.

Median home listing price: $356,946

Median annual gross rental revenue: $39,002

7. Waldport, Oregon

Waldport is an Oregon coastal town with proximity to both national forests and the Pacific Ocean. It is known for its sand dunes and whale watching possibilities. Summer is the busiest season.

Median home listing price: $380,728

Median annual gross rental revenue: $41,182

6. Branson, Missouri

Branson, Missouri, is known as a premier Midwestern family vacation destination. It is nestled in the Ozark Mountains and local entertainment like a famous theater strip and 1800s-themed amusement park. The busiest seasons are summer and winter.

Median home listing price: $179,724

Median annual gross rental revenue: $21,596

5. Surfside Beach, Texas

Surfside Beach, Texas, sits on the Gulf of Mexico and is a beloved destination for seafood, birdwatching, and, yes, surfing. Summer and spring are the busiest seasons.

Median home listing price: $277,642

Median annual gross rental revenue: $41,688

4. Bryson City, North Carolina

A gateway to the Great Smoky Mountains, Bryson City is a North Carolina town that hosts part of the Appalachian Trail and borders Tennessee. Summer is the busiest season.

Median home listing price: $194,326

Median annual gross rental revenue: $31,818

3. Sevierville, Tennessee

Sevierville is a Tennessee town close to known travel destinations Gatlinburg and Pigeon Forge. Sevierville offers access to tourist attractions like Dollywood and the Great Smoky Mountains National Park. Summer and fall are the busiest seasons.

Median home listing price: $296,966

Median annual gross rental revenue: $51,228

2. McGaheysville, Virginia

McGaheysville, Virginia, boasts access to the Appalachian Trail and serves as a gateway to Shenandoah National Park. The mountain town is busiest in the summer and winter.

M edian home listing price: $265,479

Median annual gross rental revenue: $48,838

1. The Poconos, Pennsylvania

The Poconos, a Pennsylvania mountain region dotted with lakes, has always been an attractive vacation destination for East Coasters looking for a nearby getaway. Summer and spring are the busiest seasons.

Median home listing price: $198,667

Median annual gross rental revenue: $41,699

For more like this, visit Business Insider.

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Featured At West + Main Louisville: Artist Jerod Barker

 
 

Stop by our Louisville office to see some amazing art by Jerod Barker!

Distant Lights

West + Main Louisville Office, 920 Main Street
11.5.21, 6-9pm

Meet Jerod!

The abstraction I use is to spur different ways of seeing. Everything and everyone is composed of waves of energy. Matter does not technically exist and cannot be accurately located or defined. 99.9% of everything is space, and what reads to us as ‘object’ is actually a continuously happening process, or occurrence. I like using black lines to create the illusion of surface and form, the same way that everything we see as physical and resolute in the world is basically varying rates of vibration, moving slowly enough to be perceptible to our senses.

My art creates a range of images for different viewers — some seeing landscapes, some seeing the sky, some seeing faces, some seeing abstractions of digital energy readings. The variety of reaction to my work shows the open-ended themes present and diversity of potential interpretation. In this way I think I emphasize that it is all perception, all subjective. It's all the same thing, coming from the same source, the differences being merely distinctions created in the mind of the viewer, rather than facts of existence — imaginary lines drawn between this and that as boundaries, but false boundaries. These lines and boundaries create the illusion of separateness the same way drawn lines create the illusion of depth on a flat surface — it's all perception.

 
 

What are you known for?

I'm known for bold colors and heavy line detail featuring animals and landscapes.

What are you working on right now?

I'm currently working on some large-scale illustrations to be hung in an academic building at the University of Colorado.

 
 

What do you like to do outside of work?

Outside of work I like to stay active snowboarding and biking, along with trail riding and camping in the mountains.

 
 

Who/What are your biggest influences?

My biggest influences are the music I listen to, the books I read and my favorite artists like Alphonse Mucha and Kilian Eng.

What is your favorite part of your job?

The best part of my job is having the freedom to set my own schedule and the creative authority to execute a project from start to finish, whether it be a mural in a park or a logo rebrand for a local company.

 
 

Get in touch with Jerod

Instagram: @jerodbarker_

Website: http://www.jerodbarker.com/

Email: jerodbarkerdraws@gmail.com

If you are a local artist/crafter/maker/indie business owner and would like to be featured on our blog, please fill out this form or contact Ashley at ashley@westandmainhomes.com with questions...we can't wait to learn all about you!

Just Listed: Charming and Cozy Split Level Home in Littleton

 
 
 

Charming and cozy split level house perfect for entertaining friends and family.

New vinyl flooring and refinished hardwood floors throughout the home, with custom stair runner to give a cozy and welcoming feel. Upstairs are three bedrooms, one complete with a brand new Murphy bed and custom barn doors on the primary bedroom. The great room is open to the kitchen and dining area and is a fantastic place to cozy up by the fire or head outside to the party on the patio. You will love every inch of this home!

Listed by Emily Hayduk for West + Main Homes. Please contact Emily for current pricing + availability.

 
 
 

Have questions?
West + Main Homes
(720) 903-2912
hello@westandmainhomes.com

Presented by:
Emily Hayduk
(720) 629-0522
emily@westandmainhomes.com


 

Just Listed: Spacious Fenwick Home with Two Offices

 
 
 

Located in the beautiful Cleveland neighborhood, this 4 bedroom, 2.5 bathroom, home is truly one of a kind.

Welcome to your new home in the highly sought-after Fenwick neighborhood. Enter to see the large formal dining space with the first of two offices through double doors on the right. The kitchen is open with an island, breakfast bar, brick oven surround, and additional dining space, making it the perfect space to gather. You'll also find a large living room with fireplace. Two bedrooms on the North side of the home share a full bath. Relax in the spacious primary suite with windows overlooking the patio, en suite with whirlpool tub, dual sinks, and large walk-in closet. You'll also find another spacious bedroom, 3rd full bath, and a second office. Outside, enjoy a large patio, sizable backyard and all the neighborhood has to offer - neighborhood swimming pool, 4 ponds, walking trails, and parks.

Listed by Angela Cheatwood for West + Main Homes. Please contact Angela for current pricing + availability.

 
 
 

Have questions?
West + Main Homes
(405) 652-6635
hello@westandmainok.com

Presented by:
Angela Cheatwood
(405) 406-4832
angela@westandmainok.com


 

This Weekend: Denver Metro Open Houses for October 29th-31st

 
 

Our agents are hosting Open Houses this weekend all over the Metro Denver. Please reach out to the listing agent for information on times and more information on the listing!

674 S Dale Court, Denver

Listed by: Emily Hayduk, 720-629-0522

9536 W Nichols Place, Littleton

Listed by: Emily Hayduk, 720-629-0522

 
 
 
 

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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