Newly ranked vacation rental markets boast strong cap rates and climb to the top of Vacasa’s fifth annual report
PORTLAND, Ore., July 26, 2022–(BUSINESS WIRE)–Vacasa, North America’s leading vacation rental management platform, released its fifth annual Top 25 Best Places to Buy a Vacation Home report today. Each year, the company ranks its top 25 markets* to purchase a vacation home based on capitalization (cap) rate, or rate of return on your investment. The report ranking also factors key data points, including median home sale price and annual gross rental revenue, to help guide buyers to markets that have an attractive investment profile and are vacation rental friendly.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220726005243/en/
A Vacasa vacation rental in Lake Anna, Virginia, the number one market on this year’s Top 25 Best Places to Buy a Vacation Home. (Photo: Business Wire)
“According to a recent analysis by Redfin, global market conditions are reportedly slowing home sales after years of historically high demand and low inventory. As a result, the real estate market is stabilizing and allowing prospective buyers to search for the right home with less pressure than they may have experienced a year or two ago,” said Vacasa’s Senior Director of Real Estate Daned Kirkham. “The ever-changing real estate market highlights the importance of having an agent who specializes in vacation rental destinations and homes to help buyers select the best investment.”
According to this year’s report, buyers should consider vacation homes in waterfront destinations as the vast majority of markets are waterfront or water adjacent, including this year’s number one destination, Lake Anna, Virginia. Demand for waterfront properties has been reflected in Vacasa data throughout the past year. The 2022 Vacation Rental Buyer Report revealed that