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- Rental data company AirDNA compiled a list of the least seasonal vacation destinations where owners can expect to see profits all year round.
- Big cities in the south and west like Sacramento and Raleigh made the list, though a third of the spots went to beaches in Hawaii.
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In some destinations, especially those on the east coast, it’s not uncommon for properties to only make money part of the year. But, that doesn’t mean that there aren’t some places in the US that draw visitors year-round.
Rental data company AirDNA compiled a list of the 15 places where rentals generate income all year. They created a seasonality score based on the difference in demand and the rates properties brought during their on- and off-seasons.
The data found that investors who want to earn year round should look to Hawaii’s beaches — about a third of the list was comprised of Hawaiian beach towns. Cities in the US mainland also ranked well, especially those with a close proximity to famous attractions, like Clermont, Florida and West Hollywood, California. Cities in the south and west were especially common on the list.
Here’s the full list of the 15 cities where vacation rental property owners could see big returns on their investments all year round.
15. Oakland, California
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Just across the bay from San Francisco, locals and visitors mingle in this more affordable alternative.
Slowest month for rentals: November
Difference in average daily rate between peak month and slowest month: $8
Average occupancy rate in slowest month: 68%
Average daily rate: $143
14. Waianae, Hawaii
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Northwest of Honolulu on the island of O’ahu, Waianae is a small coastal town.
Slowest month for rentals: October
Difference in average daily rate between peak month and slowest month: $17
Average occupancy rate in slowest month: 68%
Average daily rate: $143
13. Clermont, Florida
Kathy Willens/AP Images
Likely thanks to its proximity to Disney World — it’s just outside Orlando — Clermont, Florida sees little difference between demand in winter and summer.
Slowest month for rentals: September
Difference in average daily rate between peak month and slowest month: $33
Average occupancy rate in slowest month: 60%
Average daily rate: $160
See the rest of the story at Business Insider
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Source: Business Insider – feedback@businessinsider.com (Liz Knueven)