The 5 Best Vacation Rental Markets of 2023

Episode #158

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.

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Facing Strict Short-Term Rules, Airbnb Shifts to a New Type of “Host” w/Airbnb’s Jesse Stein:
https://www.biggerpockets.com/blog/on-the-market-156?utm_source=youtube&utm_medium=description&utm_campaign=none
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How to Buy a Vacation Rental Property:
https://www.biggerpockets.com/blog/buying-vacation-rental-property?utm_source=youtube&utm_medium=description&utm_campaign=none
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Check Out the Vacasa Lists:
Top 25 Best Places to Buy a Vacation Home: https://www.vacasa.com/top-markets/2023-best-places-to-buy-a-vacation-home
Best places to buy a beach house 2023: https://www.vacasa.com/top-markets/2023-best-places-to-buy-a-beach-house
8 best mountain biking towns: https://www.vacasa.com/discover/best-mountain-biking-towns
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Show notes at: https://www.biggerpockets.com/blog/on-the-market-158?utm_source=youtube&utm_medium=description&utm_campaign=none


00:00 Intro

02:10 Leading the Vacation Rental Industry

03:33 25 BEST Vacation Rental Markets

05:57 2023's Top Vacation Rental Trends

09:32 Navarre, FL

13:03 Okaloosa Island, FL

16:49 Rehoboth Beach, DE

19:34 Sandbridge, VA

23:27 Lake Anna, VA

26:33 Grab the FULL Report!

27:32 BEFORE You Buy