Best Places to Buy a Vacation Home 2024

The Poconos, Pennsylvania, stand as an iconic retreat for vacationers seeking a tranquil escape amidst the serene forests and rolling hills of the Northeast, offering a robust gross revenue yield of 18% to 20%. Nestled in the heart of the Appalachian Mountains, this picturesque region boasts a wealth of outdoor activities, from hiking and fishing in the summer to skiing and snowboarding in the winter. Whether exploring charming towns like Jim Thorpe, indulging in adventure sports at Camelback Mountain Resort, or relaxing at luxury spas and resorts, guests are drawn to the Poconos' timeless beauty and recreational offerings year-round. With its proximity to major East Coast cities and diverse array of attractions, the Poconos present a lucrative investment opportunity for those looking to capitalize on Pennsylvania's natural wonders and leisurely pace of life.

Indio and Bermuda Dunes, California, beckon investors with their sunny skies and desert retreat ambiance, boasting a robust gross revenue yield of 18% to 20%. Positioned in the Coachella Valley, this dynamic region is synonymous with world-renowned events like the Coachella Valley Music and Arts Festival, attracting a diverse array of visitors year-round. Whether golfing on lush courses, attending iconic music festivals, or exploring nearby Joshua Tree National Park, guests contribute to the thriving vacation rental market, ensuring lucrative returns for property owners. Indio and Bermuda Dunes stand as prime destinations for investors seeking to capitalize on the vibrant energy and entertainment offerings of Southern California's desert playground.

In Dauphin Island, Gulf Shores, and Orange Beach, Alabama, investors find a lucrative opportunity amidst pristine beaches and coastal charm, boasting a substantial gross revenue yield ranging from 18% to 20%. With an irresistible blend of sun, sand, and Southern hospitality, this Gulf Coast region attracts vacationers year-round, ensuring consistent returns for property owners. Whether basking in the sun, indulging in fresh seafood delicacies, or exploring the area's rich maritime history, visitors contribute to the robust rental market, making it an enticing prospect for savvy investors seeking high-yield vacation rental opportunities.

Logan, Ohio, emerges as a hidden gem for investors seeking a blend of natural beauty and rural charm, boasting a robust gross revenue yield of 18% to 20%. Located in the scenic Hocking Hills region, this quaint town offers a plethora of outdoor activities, including hiking, horseback riding, and zip-lining. Whether exploring picturesque state parks, indulging in local cuisine, or attending seasonal events like the Hocking Hills Winter Hike, visitors are drawn to Logan's serene ambiance and recreational opportunities year-round. With its growing popularity as a nature retreat destination, Logan presents a promising investment opportunity for those looking to capitalize on Ohio's scenic splendor and outdoor recreation offerings.

Black Mountain, North Carolina, captivates investors with its stunning mountain vistas and quaint mountain-town charm, offering a solid gross revenue yield of 14% to 16%. Nestled in the Blue Ridge Mountains, this scenic destination lures visitors seeking outdoor adventure and relaxation. Whether hiking on nearby trails, exploring the vibrant arts scene, or sampling local craft brews, guests are drawn to Black Mountain's laid-back atmosphere and natural beauty year-round. With its proximity to Asheville and the Blue Ridge Parkway, Black Mountain presents an attractive investment opportunity for those looking to tap into North Carolina's thriving vacation rental market.

Lake Travis, Texas, emerges as a sought-after destination for investors seeking waterfront luxury and scenic beauty, boasting a solid gross revenue yield of 14% to 16%. Situated just outside of Austin, this sprawling reservoir offers a haven for boating enthusiasts, water sports lovers, and nature seekers alike. Whether cruising along the lake's crystal-clear waters, dining at lakeside restaurants, or exploring nearby parks and hiking trails, visitors are drawn to Lake Travis's serene ambiance and recreational opportunities year-round. With its proximity to Austin's vibrant culture and urban amenities, Lake Travis presents an attractive investment opportunity for those looking to capitalize on Texas's outdoor lifestyle and waterfront living.

Lake Ozark, Missouri, beckons investors with its tranquil waters and scenic beauty, offering a solid gross revenue yield of 14% to 16%. Nestled in the heart of the Ozark Mountains, this picturesque destination lures vacationers seeking relaxation and outdoor adventure. Whether boating on the expansive Lake of the Ozarks, exploring nearby state parks, or enjoying waterfront dining and entertainment, visitors are drawn to Lake Ozark's laid-back atmosphere and recreational opportunities year-round. With its abundance of lakefront properties and diverse attractions, Lake Ozark presents a promising investment opportunity for those looking to tap into Missouri's thriving vacation rental market.

Port Aransas, Texas, captivates investors with its pristine beaches, charming coastal vibe, and solid gross revenue yield of 14% to 16%. Situated along the Gulf of Mexico, this beloved island destination offers a laid-back atmosphere and a wealth of outdoor activities, from fishing and birdwatching to beachcombing and dolphin watching. Whether enjoying fresh Gulf seafood at waterfront eateries, exploring Mustang Island State Park, or attending lively festivals and events, visitors are drawn to Port Aransas's relaxed charm and coastal beauty year-round. With its appeal as a family-friendly beach getaway and thriving vacation rental market, Port Aransas presents a promising investment opportunity for those looking to profit from Texas's coastal allure and island lifestyle.

Sedona, Arizona, captivates investors with its awe-inspiring red rock landscapes and mystical allure, offering a gross revenue yield of 12% to 14%. Nestled amidst the stunning scenery of the Verde Valley, Sedona's spiritual energy and outdoor adventures draw in travelers seeking rejuvenation and exploration. From hiking the picturesque trails to immersing in holistic wellness practices, visitors flock to this desert oasis, ensuring a steady flow of rental income for property owners. Sedona's unique blend of natural beauty and cultural richness presents a promising investment landscape for those looking to capitalize on the enchanting allure of the Southwest.

Destin and 30A, Florida, offer investors a slice of paradise along the Emerald Coast, boasting a gross revenue yield of 12% to 14%. With sugar-white sands and emerald-green waters, this idyllic stretch of coastline entices vacationers seeking relaxation and recreation. From deep-sea fishing excursions to sampling fresh Gulf seafood, visitors indulge in a quintessential Florida beach experience, driving demand for vacation rentals year-round. Whether strolling along the boardwalks or soaking up the sun on pristine beaches, guests contribute to the thriving rental market, making Destin and 30A desirable investment destinations for those seeking to profit from the Sunshine State's coastal allure.

In Bay Shore, Michigan, investors discover a hidden gem nestled along the picturesque shores of Lake Michigan, offering a compelling gross revenue yield of 16% to 18%. With its serene beaches, charming waterfront cottages, and stunning sunsets, Bay Shore provides an idyllic escape for vacationers seeking relaxation and outdoor adventure. Whether boating on the crystal-clear waters, hiking scenic trails, or sampling local wines along the nearby Leelanau Peninsula Wine Trail, visitors are drawn to the area's natural beauty and laid-back atmosphere. Bay Shore's appeal as a waterfront destination ensures steady rental demand, making it an attractive investment opportunity for those seeking to capitalize on the tranquility and charm of Michigan's lakeshore communities.

Harbor Springs, Michigan, epitomizes quintessential Northern Michigan charm, enticing investors with its scenic beauty and lucrative gross revenue yield of 16% to 18%. Perched along the shores of Little Traverse Bay, this historic resort town offers a perfect blend of outdoor recreation and small-town hospitality. Whether skiing the slopes at nearby resorts, sailing on pristine waters, or exploring quaint shops and galleries downtown, visitors are drawn to Harbor Springs' timeless appeal year-round. The town's reputation as a premier destination for outdoor enthusiasts ensures consistent rental demand, making it an enticing opportunity for savvy investors looking to profit from Michigan's scenic splendor and recreational opportunities.

Petoskey, Michigan, offers investors a slice of coastal paradise along the shores of Lake Michigan's Little Traverse Bay, boasting a desirable gross revenue yield of 16% to 18%. Known for its charming downtown, scenic waterfront parks, and vibrant cultural scene, Petoskey beckons travelers seeking a quintessential Northern Michigan experience. Whether enjoying a leisurely stroll along the waterfront, teeing off at championship golf courses, or indulging in locally sourced cuisine, visitors are captivated by Petoskey's natural beauty and relaxed ambiance. With its year-round appeal and diverse array of attractions, Petoskey presents a lucrative investment opportunity for those looking to tap into Michigan's thriving vacation rental market.

Traverse City, Michigan, stands as a premier destination for investors seeking a blend of natural beauty and urban sophistication, boasting a robust gross revenue yield of 18% to 20%. Nestled along the shores of Grand Traverse Bay, this vibrant city offers a wealth of recreational activities, cultural attractions, and culinary delights. Whether exploring the scenic Old Mission Peninsula, sampling award-winning wines along the Leelanau Peninsula Wine Trail, or enjoying outdoor festivals and events, visitors are drawn to Traverse City's dynamic charm year-round. The city's reputation as a top vacation destination ensures strong rental demand, making it an attractive investment opportunity for those seeking to capitalize on Michigan's diverse offerings and booming tourism industry.

Santa Fe, New Mexico, captivates investors with its rich history, vibrant culture, and enchanting landscapes, boasting a gross revenue yield of 14% to 16%. As the oldest capital city in the United States, Santa Fe exudes charm with its adobe architecture, art galleries, and world-class cuisine. Whether exploring historic sites like the Palace of the Governors, hiking in the nearby Sangre de Cristo Mountains, or immersing in the city's renowned arts scene, visitors are drawn to Santa Fe's unique blend of Southwestern heritage and artistic flair. With its year-round appeal and cultural richness, Santa Fe presents an enticing investment opportunity for those seeking to profit from New Mexico's timeless allure and diverse attractions.

Hudson, New York, emerges as a dynamic investment destination, offering investors a gross revenue yield of 18% to 20%. Nestled along the scenic Hudson River, this historic city boasts a thriving arts scene, eclectic dining options, and charming boutiques. Whether exploring the vibrant arts community, attending cultural events like the Hudson Jazz Festival, or strolling along the picturesque waterfront, visitors are drawn to Hudson's unique blend of urban sophistication and small-town charm. With its growing popularity as a weekend getaway destination from New York City, Hudson presents a lucrative investment opportunity for those looking to capitalize on the city's cultural vibrancy and burgeoning tourism industry.

In Bend and Sunriver, Oregon, investors uncover a haven for outdoor enthusiasts nestled amidst the breathtaking landscapes of the Pacific Northwest, boasting a respectable gross revenue yield ranging from 12% to 14%. Situated in the heart of Central Oregon, this dynamic region offers a plethora of recreational activities, from world-class skiing and snowboarding at Mt. Bachelor in the winter to hiking, biking, and fishing in the summer. Whether exploring the scenic Deschutes River, teeing off at renowned golf courses, or sampling craft beer at local breweries, visitors are drawn to Bend and Sunriver's vibrant culture and natural beauty year-round. With its appeal as an outdoor playground and gateway to the Cascade Mountains, Bend and Sunriver present an enticing investment opportunity for those seeking to profit from Oregon's scenic splendor and active lifestyle.

Myrtle Beach, South Carolina, shines as a beloved vacation destination along the Grand Strand, boasting a solid gross revenue yield of 14% to 16%. With its pristine beaches, world-class golf courses, and vibrant entertainment scene, Myrtle Beach attracts visitors from far and wide seeking sun, sand, and Southern hospitality. Whether enjoying thrilling water sports, exploring amusement parks and attractions, or savoring fresh seafood and coastal cuisine, guests are drawn to Myrtle Beach's lively atmosphere and endless array of activities year-round. With its appeal as a family-friendly beach destination and hub of entertainment, Myrtle Beach presents an enticing investment opportunity for those looking to profit from South Carolina's coastal allure and thriving tourism industry.

Sister Bay and Eagle River, Wisconsin, offer investors a tranquil retreat amidst the stunning landscapes of Door County, boasting a gross revenue yield of 18% to 20%. Nestled along the shores of Lake Michigan and Green Bay, these charming towns exude small-town charm and natural beauty, attracting visitors seeking relaxation and outdoor adventure. Whether exploring scenic hiking trails, kayaking along picturesque shores, or indulging in locally sourced cuisine and craft beverages, guests are drawn to Sister Bay and Eagle River's laid-back ambiance and scenic splendor year-round. With its appeal as a waterfront destination and gateway to Door County's iconic attractions, Sister Bay and Eagle River present an enticing investment opportunity for those looking to profit from Wisconsin's natural wonders and leisurely pace of life.