Florida’s northwest Gulf Coast ranked #1 on the new “100 Best Places to Buy a Vacation Rental” report compiled by Rented Research and Weiss Analytics. The annual report – a guide for selling and buying vacation rentals – ranks destinations by the cost of ownership, short-term revenue potential, acquisition cost, annual appreciation, and projected changes in asset value.
The new 2020 report determined that Florida’s Panhandle offers the best returns on vacation home investments over every other market in the United States. The report also notes a “dramatic shift” in drive-to destinations and markets within two to five hours of major metro areas, which are seeing some of the highest returns in vacation home rentals.
“If you’ve ever considered buying an investment property at the beach, now is the time,” said Angela Ragsdale of 30A Real Estate.
“Even under normal circumstances, vacation homes along Florida’s Scenic Highway 30A are a fantastic investment,” said Ragsdale. “But now people aren’t flying or taking cruises. They’re not visiting big cities, and they’re certainly not traveling abroad. They’re driving to the beach instead. And everyone knows there are no better beaches in the world than right here.”
“This year, our bustling global economy came to a screeching halt with the travel industry at the center of a near-collapse,” said Andrew McConnell, CEO of Rented, Inc., the company behind the new study. “Hospitality is still front and center, but it’s become clear that there is more to vacation rental investment management than finding a property and someone to keep things clean.”
With an index score of 98.7, Florida’s Panhandle emerged as the clear winner as the top vacation-home investment area in the U.S., even as the world tackles the COVID-19 pandemic.
In Florida, Siesta Key and Miami Beach also made the top 20. Out of all cities rated, El Paso, Texas, rounded out the Top 100 list with an index score of 13.9.
Top 20 U.S. vacation rental investment spots:
1. Florida Panhandle – 98.7 (index score)
2. South Jersey Shore, N.J. – 93.4
3. The Poconos, Pa. – 93.0
4. Smoky Mountains, Tennessee – 77.8
5. Central Texas – 77.7
6. Phoenix Metro Area, Ariz. – 77.0
7. Ocean City, Md. – 74.4
8. Siesta Key, Fla. – 74.2
9. Charleston Metro/Coastal, S.C. – 73.5
10. Hampton Roads, Va. – 73.3
11. Hudson Valley, NY – 72.9
12. Leavenworth, Wash., D.C. – 72.4
13. Inland Empire, Calif. – 72.1
14. The Adirondacks, NY – 71.3
15. Chattanooga, Tenn. – 70.6
16. The Hamptons, NY – 70.2
17. Columbus, Ohio – 69.9
18. Portland, Maine – 69.4
19. Miami Metro Area, Fla. – 68.6
20. Omaha, Neb. – 68.5
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