Vacasa examined a year's worth of rental and sales data in 135 U.S. markets where the company or its subsidiaries manage at least 50 units to find the top locations in which to buy profitable winter rentals based on capitalization rate. Unsurprisingly areas known for skiing and other winter activities were found to offer strong investment returns, but they're often offset by higher purchase prices. For example, in Teton Village, Wyo., home to the Jackson Hole Mountain Resort, a homeowner could earn more than $100,000 in annual gross rental revenue, but the median home sale price is over $2.1 million. Other winter destinations have seen their rental returns drop as home prices have risen through the pandemic. Steamboat Springs, Colo., for example, saw its median home price climb from $549,400 in 2019 to over $1.1 million in the current analysis, dropping its ranking on this list from fifth down to 14th.
New York Times (01/08/23) Michael Kolomatsky
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