Rented.com recently published their annual 150 Best Places to Buy a Vacation Rental Property Report. The report focuses on market ROI, real estate prices, local vacation rents, insurance and taxes, overall popularity of the area as well as city regulations on vacation rentals. We compared the top five vacation markets of the report over the past three years:
2017
- Nashville, Tennessee
- Destin, Florida
- Corpus Christi, Texas
- Denver, Colorado
- Clearwater Beach, Florida
2018
- Panama City Beach, Florida
- Chicago, Illinois
- Napa, California
- Tulsa, Oklahoma
- Memphis, Tennessee
2019
- Pigeon Forge, Tennessee
- Gatlinburg, Tennessee
- Panama City Beach, Florida
- Killington, Vermont
- Palm Coast, Florida
One key trend to look out for: the reversal of urban markets. And the culprit: regulations! According to Rented.com, urban markets “now can run the risk of increasing home values and debilitating regulatory risks that nullify any short-term rental income opportunities.”
Another noteworthy trend is that certain regions that were once dominant, such as California, Colorado, and Massachusetts are on the decline. Regions on the rise include Tennessee, Florida, and Texas. Check out the full 2019 Rented Report for the top 150 2019 vacation rental markets. For more vacation rental market tips, see our Resources Page.
Related: AirDNA's Top 30 U.S. Vacation Rental Markets in 2019, How to Find a Vacation Rental