Year after year, we make wish lists, not for Santa, but for hidden gold mines in the world of short-term rentals. These cities, unknown to many but bustling with potential, offer lucrative opportunities for investors. They may not be the most famous, but their numbers tell a compelling story.
Why Did We Choose These Cities?
Our selection of these cities was not random. We analyzed key metrics to identify the top potential short-term rental markets:
Yield %: Calculated by dividing estimated annual revenue by the average home price, higher yield % indicates better returns.
Occupancy Rates: Cities with above-average occupancy rates suggest high demand, ideal for short-term rental investments.
Disclaimer: These numbers represent averages for the area and may vary based on property quality and management.
The Hidden Gold Mine Short-Term Rental Cities
- Dayton, OH: With a yield of 19.14% and budget-friendly entry points, Dayton is an attractive market for first-time investors due to its demand-driven economy.
- Covington, OH: Offering an 18.56% yield, Covington charms travelers with its small-town vibe and urban proximity, making it ideal for visitors seeking tranquility and convenience.
- Branson, MO: Known for family-friendly entertainment, Branson boasts a 15.57% yield, making it perfect for properties catering to group stays.
- Tulsa, OK: Tulsa’s cultural offerings and affordability lead to a 15.51% yield, presenting a burgeoning market for mid-tier short-term rentals.
- Amarillo, TX: Amarillo’s proximity to natural wonders and affordable home prices make it an attractive choice for investors seeking steady returns.
Breaking Down the Gold Mines
Let’s explore further why these cities made it onto our list:
Dayton, OH: The city’s aviation history and consistent demand contribute to its high yield, making it an ideal entry point for novice investors.
Covington, OH: Balancing affordability with revenue potential, Covington offers a blend of charm and convenience for travelers.
Branson, MO: A hub for family-focused tourism, Branson attracts visitors year-round seeking entertainment and group accommodations.
Tulsa, OK: With a cultural flair and growing downtown scene, Tulsa provides opportunities for mid-tier short-term rental investors.
Amarillo, TX: Nestled near natural landscapes, Amarillo offers both affordability and proximity to tourist attractions for reliable returns.
Unveiling the Potential Hidden Gems
While the West Coast might not make the cut due to high home prices, the Midwest and South shine with affordability and yield. Each city on our list presents unique opportunities, catering to various investor goals.
Strategize Your Short-Term Rental Investments
Are you aiming for cash flow, appreciation, tax benefits, or personal enjoyment? Our list offers a diverse range of choices. Use our STR Calculator to assess your potential deal and embark on your investment journey with clarity.
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