Today, we’re sharing the five best vacation rental markets that’ll make you more money than anywhere else in the US. The best news? More than half of the markets on this list have vacation homes either under or around the median home price of the US, so you don’t need to splurge to buy your perfect beach-side short-term rental. What are the markets, and why have you probably never heard of them? Tune in; we’ll give you the top five markets AND where to find the full twenty-five market list!
But before we take any credit, this list comes from our friends at Vacasa, and their own Daned Kirkham is on the show to walk us through it. Daned and his team go through tens of thousands of data points, from average nightly revenue to insurance costs, expenses, improvements, average home prices, and more, to come up with a definitive list of vacation rental markets that’ll give you the best bang for your buck.
This list even has markets where you can find cap rates OVER ten percent (yes, in 2023), so if you’re starving for some short-term rental cash flow, THESE are the markets you can’t afford to overlook.
In This Episode We Cover:
2023’s five best short-term rental markets in the United States
Why young real estate investors are forgoing primary residences and buying vacation rentals instead
Cap rates explained and the methodology behind ranking these top tourist cities
The tiny beach town that has an explosive population of tourists 
The ten percent cap rate lake city with affordable vacation home prices
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave's BiggerPockets Profile
Dave's Instagram
Facing Strict Short-Term Rules, Airbnb Shifts to a New Type of “Host” w/Airbnb’s Jesse Stein
How to Buy a Vacation Rental Property
Check Out the Vacasa Lists:
Top 25 Best Places to Buy a Vacation Home
Best places to buy a beach house 2023
8 best mountain biking towns
Connect with Daned:
Vacasa
Daned's LinkedIn
 

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-158
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