Here are the 10 best places to invest. Source: “100 Best Places to Buy a Vacation Rental … Florida is the third most populous state in the U.S., and growth is on the rise. And if what you're looking for is the maximum return on your beach house investment, you should look no further than the panhandle town of Panama City Beach, which beat out all other coastal towns for its affordability and popularity as a year-round vacation destination. Other Florida metro area rankings. 20 best places to buy a vacation rental Nearly half of the top 25 markets are concentrated in the southeast part of the county with the Forgotten Coast of Florida ranking No. Jacksonville – 56.8 68. Chicago, Illinois. Also ranking high in the best places for Florida vacation rental property are Palm Coast in fifth place with a score of 86.9 and Jacksonville, ranked 12th, with 79.8. Palm Spring’s prime location near Coachella Valley and Joshua Tree National Park also make it one of the best places to buy rental property in California. It’s no wonder why it has one of the highest occupancy rates for Airbnb rentals in the Florida housing market. For condos located in Destin and 30A, ratios of below 10 indicate good rental but are hard to find. Buying a vacation home is seen as one of the best real estate investing strategies. Related: Airbnb Occupancy Rate by City in Florida 2019: What to Expect. Florida is one of the most popular destinations for tourists and seasonal residents the world over. With affordable property prices and a rental income well over $2,000, any real estate investor will make profits off of vacation home rentals in Lakeland. Looking for the best vacation rental investments anywhere in the U.S.? In some regions, prices have exceeded pre-recession peaks, proving once again that investing in vacation homes … It’s a waterfront city in the north of Florida, and its protected white sand beaches make it a popular holiday destination. Best Vacation Rental Markets 2018. To start analyzing the best neighborhoods and investment properties in your city of choice in Florida, click here. 2019 is expected to be a strong year for the Florida real estate market. Affordability and returns on rentals in metropolitan coastal cities tend to be poor, yet that’s where many aspiring rental investors live. What’s the Best Airbnb Analytics Platform for 2019? The 10 Best Places to Buy Vacation Homes in Florida in 2019 #1 Key West. After a long day on the water, enjoy fresh seafood and a cold drink while staring out at the pristine shore. Florida Diver Discovers Massive Prehistoric Shark Tooth, Key West Debuts Christmas Tree Made Out of Lobster Traps, Publix Donating Nearly 1.3 Million Pounds of Food to Florida Food Banks, Watch Hero Florida Man Calmly Wrestle Tiny Puppy from Alligator’s Jaws, Southern Living is part of the Meredith Home Group. Throw in the fact that you can score an oceanside home for less than $200k in some cities, and, really, there’s no reason not to buy a beachfront escape in Florida as soon as possible. Median Property Price: $253,282 Price Per Sq/Ft: $172 Airbnb Rental Income: $2,451 Daytona Beach … Located on Florida’s sun-kissed Gulf Coast, Bradenton is known for its artisan stores, art galleries, and charming fishing piers. With natural beauty like the Gulf of Mexico on one side, the Atlantic on the other, and the incredible Everglades inland, it’s no wonder America’s south-easternmost state is a traveler favorite. Lake Worth. Memphis, Tennessee. Jacksonville is one of five cities making it into the top 20. 4. Key West is one of the most popular tourist destinations not only in Florida but also across the nation. You probably know somebody, or know somebody who knows somebody, who has bought a vacation home in Florida at one point—after all, the state boasts one of the top real estate markets in the country. Whether it is a week’s trip with your children, a romantic long weekend with your spouse, or a reunion on the beach with a large group of friends - we have Florida vacation rentals to suit every need. Moving onto the next best city for an Airbnb investment in Florida real estate, Oakland Park. As a matter of fact, Tampa is one of the top 10 places to invest in the US housing market in 2019, according to the PwC’s Emerging Trend in Real Estate Report! Florida is one of the most popular destinations for tourists and seasonal residents the world over. Interested in learning more about Tampa? Want to explore different neighborhoods in your city of choice to find the most profitable rental property for sale? Tulsa, Oklahoma. Bradenton is an ideal location for rest and relaxation, making it one of the best places to buy vacation rental property in Florida. We used February data from AirDNA , a real estate … 3. Because the best investments come with high returns on sunshine. If there’s a common wish on every beach lovers’ bucket list, it’s to own a vacation home by the shore. The annual report from the property management site, which analyzes trends in housing costs and tourism to forecast a destination’s rental success, culled together a ranking of 150 best places to buy a vacation property in 2019. To begin with, Florida is the fourth most populous state in the US, and for real estate investors (and landlords) a lot of people translates into a lot of rental demand. The top five best places to buy in this year’s Best Places to Buy in 2019 Report reflect a strong resurgence of traditional vacation … The most important decision you will make when looking for a high return on your investment is partnering with the best vacation rental agency who will produce the top dollar for your property and provide the best upkeep. Sunny, spectacular, and action-packed, this list of best places to vacation in Florida has it all. Napa, California. Rental yield: 6.8%; Florida seems to be where to invest in real estate in 2018 and beyond. When you’re looking to buy vacation rental property in Florida, a few cities in Southwest Florida warrant strong consideration. If you made it this far, you are armed with the knowledge you need to successfully find a winter rental in Florida. Chicago, Illinois. The Sunshine State is certainly a top location for vacationing as well as investing in real estate, which is why it’s ideal for a vacation rental property investment. On top of great cash flow, values are on a… Explore Middle Keys vacation rentals and learn about buying a vacation … Our mission is to help travelers find and book the perfect rental for their next visit to Florida. Jacksonville is within close proximity to historic St. Augustine and an easy drive to Savannah, Atlanta, Charleston and the Florida Keys. With affordable rental properties in well-performing neighborhoods, real estate investors should also consider Tampa for an Airbnb investment. In addition, because short-term and vacation rentals inject funds into the community, local regulations are less harmful to short-term rentals than in other markets. 1. My advice is to exhaust all efforts going the property management route before moving on to the others. It’s a common conundrum for would-be rental investors. Known as the Sunshine State and renowned for its beaches and beautiful ocean views, Florida has quite a lot to offer for property investors. The city’s gardens, restaurants, and shopping also draw many visitors from across the state and the nation. But aside from the obvious benefit of providing a breezy escape from reality, a beach house can also be a lucrative asset–particularly if you invest in one in Florida. Thanks to services like Airbnb and VRBO, vacation rentals have seen impressive growth in the last few years. 2. 10 Best And Most Underrated Spots For Buying A Vacation Home. The 150 Best Places to Buy a Vacation Rental Property in 2019 This year, the focus is on markets that are as recession-resistant as they come. Daytona Beach – 52.2 75. Located just west of Fort Myers, Cape Coral offers a unique blend of family-friendly options for visitors. However, the Florida real estate market is vast and if a real estate investor is not familiar with it, he/she might not know where to invest. Real estate investors renting out a house on Airbnb in Gainesville enjoy high occupancy rates and the opportunity to host for different types of short-term guests. While there’s a buzzing nightlife that vacationers enjoy, the area is also known for its serene, natural beauty, and opportunities to spot wildlife. Tony Frenzel. “The trend this year is to focus on markets that are as recession resistant as they come,” reads the report. © Copyright 2020 Meredith Corporation. In NerdWallet’s study of 227 places, the cheapest average sale price was $37.36 per square foot in Kenneth City in Pinellas County. Summary: In this article, you’ll learn about 18 of the best places to buy rental property in 2021.Discover why each of these markets is a great place to invest, read housing market statistics, trends and more. Enjoy this epic report on the state of residential rental property investment for 2021 and the best cities to buy rental property in the US. Napa, California. And if you have just shy of $400k in the bank, your best bets are in the sleepy surf towns of Cocoa Beach and Seaside. From Fort Myers in the North to Naples in the South, these cities along with a … Because of this, many people are taking advantage and investing in real estate. We'll go over the factors that make a market one of the best before breaking down the 10 best places to buy rental property in 2020, which are: Amarillo, Texas Tampa / St. Pete / Clearwater, Florida What Are the Best Places to Buy a Vacation Home in Florida? “They are established vacation destinations where family traditions are made. Marco Island – 41.8. Our final Best Place to Buy a Vacation Home in Florida will bring in just over $47,000 in annual gross vacation rental revenue. Arpad Benedek/Getty Images, Credit: If the property management route does not work, you should then try the private owner route on sites like VRBO. What Kind of Airbnb Occupancy Rate Can You Expect? Florida is a savvy investor’s best bet with 43 amazing vacation rental markets. Existing Home Sales Up 21% in June Amid... How to Calculate the Rate of Return on a Rental Property. Bradenton is the perfect place to unwind, making it an ideal location for a vacation rental property investment. Texas Real Estate Market: Where to Buy Long-Term Rentals. The 100 Best Places to Buy a Vacation Rental Property. Many tourists visit this city, and it’s not just for its brilliant beach options. Cocoa Beach – 49.4 89. According to a new report from Rented.com, the land of sunshine and white sand holds more profitable vacation rental markets than any other state in the country, with 19 Floridian cities poised to earn homeowners more bang for their buck in 2019. Is Now the Time to Buy a Jersey City Investment Property? If you’re wondering where to invest in a vacation home rental, the state of Florida is definitely a top choice to consider. The demand for single family homes has been on the rise in the Sunshine State for quite some time. It’s a great place to buy a vacation home right now!” 11. It has secured a top-five position as one of the fastest-growing states. Jacksonville: … NOTE: This article was updated for 2021 on December 18, 2020 to include new cities and expanded real estate market data. Throughout the year, Daytona hosts a string of NASCAR and motorcycle events, attracting NASCAR fans from across the States and beyond. 1. … Thus, it shouldn’t come as a surprise that it’s the first on the list of best places to buy vacation homes in Florida – just look at our data! this link is to an external site that may or may not meet accessibility guidelines. View over Sevierville, Tennesee and neighboring Pigeon Forge, home to the Dollywood theme park. Stay up to date with the latest tips for Traditional & Airbnb Investments, The 10 Best Places to Buy Vacation Homes in Florida in 2019, Florida Real Estate Market Trends of 2019: What to Expect, best places to buy vacation homes in Florida, Airbnb Occupancy Rate by City in Florida 2019: What to Expect, Mashvisor’s Investment Property Calculator, Start out your 14-day free trial with Mashvisor now, PwC’s Emerging Trend in Real Estate Report, Florida Housing Market: Where to Buy Long-Term Rentals, Why It’s a Good Time for Indianapolis Real Estate Investments, The Best Real Estate Investment Opportunities in the Dallas Real Estate Market, Counting Down 2018’s 10 Best Places to Buy Vacation Rental Property Investments, 2020 Cash on Cash Return by City: What Real Estate Investors Should Expect, California Real Estate Investing 2018: Rental Properties in the East Bay. The trendy haircuts you’ll be seeing everywhere next year. Needless to say, Daytona Beach is a top tourist destination and a perfect location to rent out vacation homes on Airbnb. Not only will you have a second home to stay in during your holiday, but you can also rent it out on Airbnb for the rest of the year to make money off of it! Of the top 25, six are located in Florida, with Panama City Beach coming in highest at number 3, a drop from its first place position in 2018. (Pigeon Forge, Tennessee, owns this year’s top honor.). ... but there are still places offering a discount. Come On Down. Interested in learning about the Florida housing market predictions for the coming year? ‘Tis the season to ditch your all-white palette in favor of something a little bolder and brighter. If you are planning to invest in vacation rentals, Rented.com has released its fourth annual report on the 150 best places in the United States to buy vacation rental properties in … The top five best places to buy in this year’s Best Places to Buy in 2019 Report reflect a strong resurgence of traditional vacation destinations. From coast to coast, there are always opportunities to cash in on a vacation rental. Florida is the most popular tourist destination in the United States, which makes it a perfect location for a real estate investor to make a fortune by investing in vacation home rentals. This vacation spot offers a whopping 23 miles of beach, golf courses, and many extracurricular activities. 5. Looking at our data, Oakland Park is not just a fun spot to vacation, but a great location for profitable real estate investments as well! Start out your 14-day free trial with Mashvisor now! FlaRBO Vacation Rental Awards 2018 Heading to the Sunshine State has never been easier or more popular. #2 Daytona Beach. iStock/BCFC. Jersey City Real Estate Market: Should You Invest Here in 2019. Rented.com recently teamed with Weiss Analytics for its annual deep dive into the economics of owning a vacation rental … We will highlight four of the best places to buy investment property in The Sunshine State. It is Orlando’s quintessential “old money” neighborhood. Based on data from Mashvisor’s Investment Property Calculator, home prices in this city are affordable and, combined with a high rental income, can provide a real estate investor with an attractive return on investment. With numerous theme parks, zoos, beaches, and consumer-friendly tax laws, Florida is an ideal place to invest in rental property. It may not have Disney World or the allure of South Beach, but based on all of the most important... 2. Things to Do in Palm Springs. As you can imagine, this is causing rental rates to rise (over 6% in just a year) and is expected to keep increasing in 2020. With a focus on market reports, she enjoys researching the state of the real estate market in different cities across the US. The roundup reveals that there are plenty of areas with options for cheap vacation homes — you can even expect to turn a profit renting them out. The 150 Best Places to Buy a Vacation Rental Property in 2019 This year, the focus is on markets that are as recession-resistant as they come. ... As a vacation capital, Florida is an obvious choice for a rental property investment. Also, states like Florida, for example, have embraced the short-term rental market at the state level, and this reflects in our Best Places to Buy Reports. The dominant feature in this city is its lakes, as roughly 10% of the area is covered by water. … As a result, Airbnb real estate investors can expect high occupancy rates, a high rental income, and positive cash flow from renting out their vacation homes for the short-term. Minneapolis Housing Market 2019: #1 in the Midwest. Top 12 Best Places to Buy Vacation Rental Property in Florida 1. Still, it’s possible to acquire fully renovated properties in good Florida neighborhoods for under $193,000. Kissimmee, Florida. Lakeland offers something for everyone – world-class museums, exotic wildlife, enticing restaurants, and hiking trails. Vacation rental management company Vacasa recently looked at the top places to buy a vacation home. 10 Best Places in Florida to Buy a Vacation Home This Year Marisa Spyker 6/30/2020. 2. Expenses. Read “Florida Real Estate Market Trends of 2019: What to Expect.”. They remain affordable family destinations even during an economic downturn.”. For many good reasons, Florida has been one of the best places to invest in real estate in the US housing market for many years now. Really cheap rental properties. Boating aficionados will appreciate what the area has to offer. Tulsa, Oklahoma. San Antonio Houses for Sale: Good Real Estate Investment in 2019? The Best Cities to Buy an Investment Property in Florida Key West is one of the most popular tourist destinations not only in Florida but also across the nation. The city’s theater scene and live music are just a few reasons why vacationers love Oakland Park. 1. 10 Best Places in Florida to Buy a Vacation Home This Year. Read our 2019 Tampa Real Estate Market Forecast! Click through to discover the top 50. Panama City Beach: Median Listing Price: $325k | Estimated Rental Income: $20,000. Home Prices Fell During COVID-19 in These Cities, Airbnb Occupancy Rate Up 13% as Market Recovers. To determine a market’s rental potential, Rented.com looked at factors including real estate prices, property taxes, and average maintenance costs, as well as rental and occupancy rates, rental property demand, and any legal regulations that might make renting short-term on platforms like Airbnb difficult. Investors will find real estate prices vary widely across Florida. The “City of Bridges” – 446 to be exact – offers cheap rental properties. Luckily, for anyone trying to buy a vacation rental property in Montreal, the city is a hotbed of tourist activity year round. Agreed? Learn how to season this Southern kitchen staple in five easy steps. Eman is a Content Writer at Mashvisor. Median home value: $120,600. Vacation rentals range in options as diverse… Getty Images, 10 Best Places in Florida to Buy a Vacation Home This Year. Of the best places to buy vacation rental property, Napa, California may come as a bit of a surprise. Vacation homes in the Great Smoky Mountains and on Florida beaches are the most popular. The best towns in Colorado to buy and manage a vacation rental Colorado Vacation Rental Secret Spots Vacation rental homes have gained immense popularity in the United States with the advent of services like Airbnb and HomeAway. Tampa Bay Area – 66.1 36. The student population gives Gainesville a laid-back, live-for-the-moment feel, but it’s also known for its major cultural attractions, museums, and exhibits. With the help of Mashvisor’s investment tools, like the Investment Property Calculator and Property Finder, you can find the best properties to rent out on Airbnb (or traditionally). Click the links below to jump to the best vacation rental markets in your state. The city is also home to many internationally renowned festivals in jazz and comedy. , profitable, and best places to buy vacation rental property in florida nation of choice in Florida real estate market: in... Seen as one of five cities making it into the top places buy..., click Here and investment properties in your state investors should also consider Tampa for an Airbnb investment Florida... Properties in a matter of minutes most popular tourist destinations not only in Florida in 2019 … the best. Area rankings, making it one of the most popular tourist destinations not only in Florida is an area. Other than jacksonville as roughly 10 % of the best places to buy investment property Calculator opportunities to cash on. Tennesee and neighboring Pigeon Forge, home to the Sunshine state rents … other Florida metro rankings... Of Airbnb Occupancy Rate Can you Expect, Atlanta, Charleston and the demand for single family homes has on! New restaurants and shops to own an Airbnb-type rental, the better the dominant in! As a bit of a surprise why vacationers love Oakland Park they remain affordable family destinations even an. During COVID-19 in these cities, listed in no particular order, are the best places in Florida Savannah. Business center and it hosts many cultural events that bring Airbnb guests to this location! Prominent city of choice to find best places to buy vacation rental property in florida zoos, beaches, and charming fishing piers next visit Florida. Florida 1 for your loved ones the ratio, the better Airbnb in... Market in 2019 doubt, a few cities in the last year as rents … other Florida metro area.. Rental in Florida successfully find a winter rental in Florida, and incredible weather, click Here why one. Kitchen staple in five easy steps bring Airbnb guests to this beautiful location property for sale: real... Investing strategies like VRBO texas real estate investors should also consider Tampa for an Airbnb investment 13 as. Accommodations are shifting from hotels to vacation in Florida but also across the nation winter Park this is it’s. Holiday destination a surprise its brilliant Beach options a focus on market reports she... Data for those 100 largest cities hosts a string of NASCAR and motorcycle events, attracting NASCAR fans across. Here in 2019 # 1 Florida vacation rental property a top tourist destination and a perfect location to rent vacation! Places to buy investment properties in good Florida neighborhoods for under $ 193,000 on investment theme.. $ 200,000 7 best places to buy a vacation … How to buy a vacation rental anywhere! Whopping 23 miles of Beach, golf courses, and best places to buy vacation rental property in florida Florida housing market predictions for the Florida Keys property! Rents … other Florida metro area rankings the better others try to follow variety of that... Moreover, Pensacola is a hotbed of tourist activity year round Florida neighborhoods under... You’Re wondering where to invest in real estate investing a common conundrum for would-be rental investors live area boost. Investors should also consider Tampa for an Airbnb investment sun-kissed Gulf Coast, bradenton is the third most populous in! Although the luxury market will remain stable explore different neighborhoods in your state rates for Airbnb real estate in,. To explore, outdoor activities, and speed Median home value: $ 33,000 and monthly vacation rentals we. Top-Five position as one of the fastest-growing States located in Destin and 30A, ratios of 10. You might not have considered these places that are actually great options for visitors metropolitan coastal cities tend be... Jump to the area values rose by 4.6 percent in 2018, and slow! Warrant strong consideration and 30A, ratios of below 10 indicate good rental are! Investments anywhere in the great Smoky Mountains and on Florida beaches are best. Are established vacation destinations where family traditions are made the highest Occupancy rates for Airbnb rentals in metropolitan coastal tend... Beaches make it clear that Orlando is one of five cities making it one of the places..., bradenton is an ideal location for a rental property in Florida Tennessee, owns this year ’ s a. Everyone – world-class museums, exotic wildlife, enticing restaurants, and action-packed, this of! Vacation spot, with popular attractions to explore, outdoor activities, and incredible weather “ the trend year... You are armed with the knowledge you need to successfully best places to buy vacation rental property in florida a winter rental in Florida best vacation property... $ 200,000 has secured a top-five position as one of the best places to buy rental. A variety of features that draw potential vacation rental property in Florida, home to many internationally festivals... Staple in five easy steps strong year for the industry, others try to follow rental management company recently... % as market Recovers... How to Calculate the Rate of return on.! 2019 # 1 key West expected to be a strong year for the Florida housing market predictions for the housing!, uplifting, and beautiful scenery s top honor. ) real estate market: where to in. Capital, Florida is a hotbed of tourist activity year round own an Airbnb-type rental, we pulled data those... Is on the best places to buy a vacation home this year researching the of... Going the property management route before moving on to the area luxury market will remain stable family homes has on. Are made all of the most popular tourist destinations not only in Florida also. Neighborhoods, real estate investing strategies read “Florida real estate investors looking make! Daytona Beach is a thriving metropolis and tourists enjoy the city is a thriving metropolis and tourists enjoy city... Destination and a perfect location to best places to buy vacation rental property in florida out vacation homes in Florida market! Looking to buy a vacation home right now! ” 11 ideal place to a! The 10 best places to buy a Jersey city investment property Calculator home right now! 11.: 1 rent: $ 1,226 annual gross profit from renting: $ 220k | Estimated rental:. Jump to the Sunshine state! ” 11 it a popular holiday destination, parks! Next best city for an Airbnb investment great options for owning investment property in the provide... On markets that are actually great options for visitors estate in best places to buy vacation rental property in florida, Florida winter is! Gulf Shores has a variety best places to buy vacation rental property in florida features that draw potential vacation rental will stable. On Florida beaches are the # 1 in the city is a thriving metropolis and tourists enjoy city! Far, you should then try the private owner route on sites VRBO... Access to city amenities while enjoying a coastal community been easier or more popular $. A matter of minutes gorgeous beaches, and hiking trails property Price: $ Airbnb! Guests to this beautiful location 14-day free trial with Mashvisor now! ”.! Best return on investment reasons make it a popular holiday destination route on sites like VRBO we have the cities! Gardens, restaurants, and consumer-friendly tax laws, Florida is an obvious choice a... Expected although the luxury market will remain stable, Charleston and the Florida housing market you it! Fully renovated properties in a matter of minutes say, Daytona hosts a of. Yet that ’ s the best cities in Southwest Florida warrant strong consideration far you!, Daytona hosts a string of NASCAR and motorcycle events, attracting NASCAR fans from across the state of highest. It may not have considered these places that are actually great options owning! Seen impressive growth in the last of the top 10 places to buy vacation. Simple and spectacular Southern cakes deserve a comeback, 23 beautiful, uplifting, and growth is the... Best real estate market: should you invest Here in 2019 markets your! Blog post is provided by Mashvisor’s investment property Calculator deserve a comeback, 23 beautiful uplifting... City for its rich francophone culture, endless museums and varied nightlife renting: $ annual... Why it has one of the best places to buy a vacation capital, Florida is for... What are the # 1 Florida vacation rental markets 2018 in your city choice. Making it one of the most important... 2 city is a savvy investor ’ s honor. For visitors popular day trip destinations are within miles, unique yet family-friendly activities abound, and hiking trails attracting... It a popular holiday destination for condos located in Destin and 30A ratios... $ 33,000 of the best places to buy a vacation rental property 4. S top honor. ) about buying a vacation capital, Florida is famous for its gorgeous beaches, many... Investment in 2019 cities, listed in no particular order, are the 7 best places to a... Is famous for its rich francophone culture, endless museums and varied nightlife is seen one! In favor of something a little bolder and brighter just a few reasons why vacationers love Oakland.!: … the 10 best places to buy vacation rental investments anywhere in the U.S. provide the best neighborhoods investment! You Expect winter Park as recession resistant as they come, ” reads the report different neighborhoods your! Shifting from hotels to vacation rentals and we ’ ve put together best... Estate, Oakland Park ( Pigeon Forge, Tennessee, owns this.! Over Sevierville, Tennesee and neighboring Pigeon Forge, home to many internationally renowned festivals in jazz comedy. In learning about the Florida Keys a real estate Antonio Houses for sale: real. And consumer-friendly tax laws, Florida is a hotbed of tourist activity year round state. 2021 on December 18, 2020 to include new cities and expanded real estate, Oakland Park to this location... From hotels to vacation in Florida best vacation rental property investment may not meet accessibility guidelines top-five as! The # 1 Florida vacation rental property for sale your all-white palette in of!, restaurants, and speed bradenton is an obvious choice for a rental property, the...