Florida Named Best State to Invest in a Vacation Home
Real estate investors looking at vacation destinations for rental investment properties could be best off focusing their search in Florida.
Vacasa, which offers professional rental management for vacation homes, ranked the top 25 U.S. vacation rental markets, ranked according to capitalization rate, which is the rate of return on a real estate investment property based on the income that the property is expected to generate.
Florida dominated the top 25, claiming nine spots, or 36% of the list. All of the Florida locations have a cap rate above 5%. While, overall, beach locations dominated the list, mountain towns were also represented with the likes of Park City, Utah, and Big Bear, California.
Here‚Äôs the list:
- ¬†¬†¬†¬†¬†¬†Forgotten Coast, FL (Apalachicola, St. George Island, Carrabelle, Eastpoint, and Alligator Point in the Florida Panhandle)
- ¬†¬†¬†¬†¬†¬†Smoky Mountains, TN
- ¬†¬†¬†¬†¬†¬†Kissimmee, FL
- ¬†¬†¬†¬†¬†¬†Myrtle Beach, SC
- ¬†¬†¬†¬†¬†¬†Hilton Head Island, SC
- ¬†¬†¬†¬†¬†¬†Emerald Coast, FL (stretches from Pensacola to Panama City w/ Destin in the middle)
- ¬†¬†¬†¬†¬†¬†Ocean City, MD
- ¬† ¬† ¬† Okemo/Ludlow, VT
- ¬† ¬† ¬† North Kona, HI
- ¬†¬†¬†¬† Lake Chelan, WA
- ¬†¬†¬†¬† Gulf Shores, AL
- ¬†¬†¬†¬† Marco Island, FL
- ¬†¬†¬†¬† Key West, FL
- ¬†¬†¬†¬† Coachella Valley, CA
- ¬†¬†¬†¬† Pensacola Beach, FL
- ¬†¬†¬†¬† Marathon, FL
- ¬†¬†¬†¬† Leavenworth, WA
- ¬†¬†¬†¬† Fort Myers Beach, FL
- ¬†¬†¬†¬† Park City, UT
- ¬†¬†¬†¬† Gulf Coast, FL
- ¬†¬†¬†¬† Sunriver, OR
- ¬†¬†¬†¬† Central Coast, OR
- ¬†¬†¬†¬† South Padre Island, TX
- ¬†¬†¬†¬† North Coast, OR
- ¬†¬†¬†¬† Big Bear, CA
Want to come see for yourself? Book now to snag some great prices on a fall¬†vacation in Destin, FL. Remember to check for vacation specials. Autumn at the beach is a perfect time to explore this glorious vacation destination.