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Highlights and Lowlights:
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Southern Hospitality: The South isn’t just welcoming toward visitors — it’s also inviting to real estate investors. Miami tops our list, eclipsing New York by a mere 0.2 points, while New Orleans (No. 3) and Orlando, Florida (No. 9), fill the other two prime spots. Miami and New Orleans promise the highest ROI, but Orlando requires significantly lower upfront capital.
Tampa, Florida (No. 7), Knoxville, Tennessee (No. 8), and Augusta, Georgia (No. 10), are the other top finishers from the South. Although they aren’t your typical vacation hotspots, nightly rates are competitive here.
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California in the Red: The Golden State dominates the bottom 10 of our ranking, claiming seven out of the 10 worst spots. Surprisingly, they’re all suburbs, such as Fremont in last place, Huntington Beach at No. 6, and Hayward in eighth.
Skyscraping property price tags and monthly expenses, combined with generally low average revenue, means little to no actual income. Further dragging down these fringe cities are the lack of amusement options. If you really want to host a rental in California, stay in Los Angeles (No. 24).
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Coastal Cha-Ching: Our data shows a strong correlation between high revenue potential and a coastal — or, in Honolulu’s case, island — location. Invest in a property within Miami, Boston, New Orleans, and Los Angeles, and you’d be almost guaranteed to see money roll in.
A few inland exceptions stand out in Revenue Potential: Country music capital Nashville, Tennessee, Cincinnati, and Dayton, Ohio. However, look toward smaller cities if you want to maximize bookings. Occupancy rates are highest in cities like Garland, Texas; Vancouver, Washington; Pembroke Pines, Florida; and Overland Park, Kansas.
Our full ranking and analysis are available here:https://www.lawnstarter.com/blog/studies/best-cities-to-own-vacation-home/
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