Whether you come from a cold climate or a hot one, skiing is a pleasure and a sport that anyone can enjoy! Isn’t that the beauty of being in America? To experience a different thing in every part of the country. In any case, wherever you go and wherever you visit, you will need to find accommodation. Whether you’re going for a beach destination or a ski town in the Rockies, vacation rentals are a major source of income for real estate investors. So, what are the best skiing destinations to invest in vacation rentals in the US?
Top skiing destinations to invest in vacation rentals
Tahoe City, California
Summer activities in Tahoe City are guaranteed to never leave you unsatisfied. You can go hiking, zip lining, kayaking, you name it! On the other hand, when winter comes, things seem to heat up for a particular activity we all know and love: Skiing!
Now, let’s look at things from the real estate investing angle! Investing in vacation rentals in such a popular California ski destination guarantees you a substantial cash flow during the winter and a continuous number of guests during the summer! You really can’t lose with Tahoe City real estate.
Let’s take a look at these real estate stats for Tahoe City from Mashvisor’s analytical data:
It has been estimated that roughly 3.2 million people visit Lake Tahoe every year, and that number is constantly growing. This number of tourists ought to generate a substantial rental income for real estate investors through accommodation and more recently, Airbnb experiences. On peak days, Tahoe city welcomes thousands of visitors that spread out over different hotels and lodges. So, if you’re a real estate investor looking to widen the span of your real estate investment portfolio, Tahoe city real estate is what you need when investing in vacation rentals. Textbook short-term rental investing!
If you’re looking for other California vacation destinations for an investment in vacation rentals, read this blog post: The 3 Best Places to Buy a Vacation Home in California in the Summer of 2018.
The home of Ben and Jerry’s has more to offer you than a pint full of a creamy delight! Stowe, Vermont is a premier golf destination with 36 manicured courses which attract many visitors, both local and national. It’s also known for fishing, hiking, camping, canoeing, basically any sport you think of! One would expect a city like Stowe to calm down during winter as all these sports must be equipped with good sunshine days, but that’s not the case for Stowe. This Vermont destination is a versatile one that experiences peak times in the winter as well. Accordingly, here at Mashvisor, we recommend this Vermont destination for an investment in vacation rentals. Here are some Mashvisor real estate stats to back it up:
With an Airbnb occupancy rate of almost 46%, you are guaranteed successful real estate investments in Stowe.
Click here to find investment properties in your area of choice using a state-of-the-art property finder!
The unexpected ski destination of Tennessee! Gatlinburg offers real estate investors a great investment opportunity in a small community. Keep in mind that the main attraction remains to be the affordable real estate prices and feasibility to enter such a real estate market with minimal investment. Let’s take a look at some real estate stats to demonstrate how vacation rentals in Gatlinburg, Tennessee are the gold mine of real estate:
Hood River, Oregon
Mount Hood is a sight worth seeing! With glorious peaks that lay in the background of Portland, it’s hard to ignore the striking white peaks of a once-active volcano! We’ve found great potential for vacation rentals in Hood River, Oregon. The real estate market is thriving and here are the Mashvisor stats to prove it:
With Hood River real estate, real estate investors can choose whichever real estate investment strategy that appeals to them; the real estate market is versatile and up for almost anything!
Looking to invest in other Oregon destinations? Read this blog post: 4 Reasons to Invest in Portland Real Estate Before the End of 2018.
Lake Placid, New York
Lake Placid is the place to be for the outdoorsy type of tourist! The charming little town shares the name with the obviously neighboring Lake Placid. You are guaranteed to find peace and adventure while cuddled in a bed in an Airbnb rental! Lake Placid offers many activities to visitors and takes pride in being one of the many US ski destinations. After carefully analyzing Mashvisor’s real estate data for Lake Placid, here’s why you should buy an investment property in its real estate market:
With an Airbnb rental income of over $3,000, real estate investors are opening their eyes to this lucrative spot for vacation rentals!
If you’re into real estate investing with multi-family investment properties, read this blog post to give you an overall view of New York State: Where Should You Invest in Multi Family Homes in New York State?
It’s nothing new that this Colorado destination shatters all expectations of what the Colorado real estate market should be. Instead, Aspen leads the way for many US tourist towns by generating an unmatched rental income through vacation rentals. One only needs to take a stroll in downtown Aspen to view the high-end and luxury restaurants and boutiques. With many activities that attract tourists, investing in Aspen real estate is at its prime! Here are some of Mashvisor’s stats about the Aspen real estate market:
As you can see, property prices in Aspen are not for the beginner real estate investor. It’s best advised to leave investing in a short-term rental in Aspen until you manage to build a sustainable real estate investment portfolio.
To learn more about how we will help you make faster and smarter real estate investment decisions, click here.
Looking for other Colorado destinations for a real estate investment in vacation rentals? Read this blog post: The Colorado Real Estate Market 2018: Interview with Expert Joe Mivshek.
Note: Be sure to always check the Airbnb laws in any city/neighborhood you choose for investing in vacation rentals to avoid legal issues.
Buying an investment property in any of the listed winter wonderlands is going to require careful studying on any real estate investor’s behalf! Accordingly, we advise you to use a real estate investment calculator to locate and finalize your best finds! In any case, vacation rentals are a growing investment strategy; more and more investors are watching what Airbnb investment properties are capable of! So, start real estate investing and build your future with your first investment property!
If you have any more insights on vacation rentals in skiing destinations in the US housing market, please share them with us in the comments section!