From the indescribable west coast sunsets at El Matador Beach to the fun and vibrant electric energy in Venice Beach, Los Angeles is home to some of Southern California’s best beaches.
27.07.2023 - 18:18 / smartertravel.com
The best place in the U.S. to buy a vacation home is Sevierville, Tennessee, in the foothills north of Great Smoky Mountains National Park. That’s the lead finding of a new report from Vacasa, the major vacation home rental site. The report names the top 25 locations for buying a vacation home based on capitalization, or “cap rates,” which is a ratio of home cost and the income a property can produce by being rented out.
The top rating of Sevierville is based on it having the highest cap rate: 10.3 percent. The top 24 places to buy a vacation home have cap rates between 4.5 and 9.3 percent. Here’s what they are.
The Smartest Places to Buy a Vacation Home Market Median home sale price Cap rate 1 Sevierville, TN $239,976 10.3% 2 Killington, VT $208,828 9.3% 3 Davenport, FL $255,390 8.4% 4 Whittier, NC $178,000 7.9% 5 Kissimmee, FL $264,863 7.2% 6 Dauphin Island, AL $345,281 6.7% 7 Myrtle Beach, SC $213,950 6.2% 8 Key West, FL $763,109 6.1% 9 Fort Bragg, CA $509,500 5.9% 10 Big Sky, MT $585,000 5.4% 11 Blue Ridge, GA $273,000 5.4% 12 Gulf Shores, AL $345,135 5.3% 13 Panama City Beach, FL $347,430 5.3% 14 Warren, VT $262,003 5.3% 15 Marathon, FL $639,000 5.1% 16 Kihei, HI $708,161 5.0% 17 Scottsdale, AZ $513,301 5.0% 18 Orange Beach, AL $475,026 4.8% 19 Harbor Springs, MI $256,303 4.7% 20 Rhododendron, OR $315,744 4.7% 21 Ellijay, GA $243,000 4.7% 22 Seaside, OR $373,258 4.7% 23 Waikoloa, HI $575,422 4.6% 24 Cocoa Beach, FL $370,406 4.6% 25 Destin, FL $484,154 4.5%Technically speaking, the cap rate on a rental property is the net operating income (NOI) a rental property can produce divided by the property cost. As a result, the best places to buy are not necessarily the places where property is cheapest, Property prices in several locations in the survey are high, with median home sale prices of $763,109 in Key West, $708,161 in Kihei, Hawaii, and $639,000 in Marathon, Florida, but the cap rates are good because rental income is also high.
Related:The 10 Best Cities to Live in, RankedThe best places to buy tended to group a bit:
Florida has the most listings, at nine, with a mix of high-price-high-rent beach locations and lower-price-lower-rent inland areas. Three additional top spots are in the adjacent Alabama Gulf Coast beaches, with locations scoring medium-range home prices and cap rates. The Smoky Mountains area claimed four locations: Ellijay and Blue Ridge, Georgia, and Whittier, North Carolina (on the south side of the Great Smoky area) in addition to Sevierville, Tennessee. Most top spots are either beach or mountain destinations. But you can also do well with properties in some cities, like Fort Bragg, California and Scottsdale, Arizona.Good buying opportunities span the country, from
From the indescribable west coast sunsets at El Matador Beach to the fun and vibrant electric energy in Venice Beach, Los Angeles is home to some of Southern California’s best beaches.
Travelers flock to Savannah, Georgia, to see its picture-perfect scenery – like a time capsule of years past with carefully preserved architecture.
After being foster parents to eight children for two years, Chris and Lindsay Harvey were looking for a change in lifestyle.
There are so many majestic landscapes to view and things to do in Scotland that it can be hard to narrow down where to visit. So why not choose your hotels as a starting point? Scotland is known for its inclement weather, so choosing a hotel with spa facilities can be an excellent backup for something to do if the weather is terrible. It can also be a great way to soothe weary muscles and feet after all the hiking and sightseeing.
It’s easy to paint a certain picture of Martha’s Vineyard if you’ve never been. Ahead of my first visit last month, I imagined what’s synonymous with most well-known islands: unspoiled beaches, freshly caught seafood, an unhurried pace of life. But I also imagined locals who were insular, conservative, and flashy with their wealth.
Germany, western Europe’s largest country, is a boundless feast for travelers. Its endless variety of historic cities, dark, romantic forests and contemporary cultural riches can leave visitors bewildered. But, while you can never hope to see all this fascinating country’s highlights, you can cut to the chase with our guide to eight of the very best places to visit in Germany.
Ever dreamed of packing up everything and moving to another country? Here are the most livable cities in the world, according to a study by The Economist.
According to research from Germany-based Cruisewatch: “Booking the respective cruise destination at the right time can realistically save you up to 71 percent reductions off your cruise.”
Looking for a new museum to add to your travel to-do list? TripAdvisor (SmarterTravel’s parent company) has released the Travelers’ Choice Top 25 Museums of 2018, including the top 10 worldwide and the top 10 in the United States, with some surprising frontrunners. The findings also highlight bookable ways to see each winner—think VIP tours and scavenger hunts—with some offering the added perk of allowing you to skip the lines to get in.
The esteemed Dr. Beach has released his annual list of America’s top ten beaches, and you’ll want to visit all of them this summer—doctors orders.
The United States is home to more than a dozen cities and towns named Florida, but none can compare with the real Florida’s natural fun-in-the-sun appeal.
Mexico and the Caribbean are famous for having some of the most luxurious all-inclusive resorts in the world, but what many people don’t realize is that some of the best all-inclusive hotels are actually located in the United States. You may even find an all-inclusive resort within driving distance from your home, as they are scattered throughout the country.