On The Market

158: The 5 Most Profitable Places to Buy a Vacation Rental Property w/Vacasa’s Daned Kirkham

Nov 10, 2023

32:14

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