Best Places to Buy a Vacation Home 2024

If there’s ever been a time to think seriously about short-term rental investment, it’s now. With travel demand back on the upswing—and a new generation of travelers looking for something a little more personal than a hotel—owning a vacation property could be your ticket to steady, passive income. The appeal? More people than ever are looking to stay somewhere unique, somewhere that feels like a real escape, whether it’s tucked into the mountains or steps from the coast.

Beyond demand, 2024 brings new factors to the table for investors. The interest rate landscape is friendlier than it’s been in recent memory, and with tech-fueled rental management solutions, running a vacation rental today looks very different than it did a decade ago. There are markets out there where the buy-in price is reasonable, but the returns? They’re still huge. Even with property prices edging up, vacation homes in the right spots have the potential to become both a getaway and a smart addition to your investment portfolio.

Where to Buy a Vacation Home for Maximum Profit

Investing in a vacation property means finding the right balance of personal enjoyment and rental income. But no two markets are alike. To help you make the best choice, we’ve organized 2024’s top places to buy a vacation home into key categories. Each category offers unique strengths for rental income and appeal:

• Coastal Hotspots – Beach towns bring high rental demand and premium rates. Coastal properties, especially in spots with strong off-season appeal, offer steady income and vacation-ready views.

• Historic Cities with Year-Round Demand – These cities have built-in demand thanks to rich history, festivals, and cultural attractions. For investors, that means consistent rentals across all seasons.

• Nature-Focused Destinations – Markets near national parks and scenic landscapes draw travelers looking for the great outdoors. These locations bring high occupancy, often year-round, from nature-loving visitors.

• High-Growth Smaller Cities – Smaller cities with affordable homes and rising tourism offer a strong return on a low entry cost. Many of these places are just starting to gain popularity, giving investors an early advantage.

• Luxury Destinations – High-end markets attract travelers willing to pay for exclusivity and comfort. Premium rental rates make these areas ideal for investors focused on high returns in upscale locations.

By using categories, we make it easy to see which market type aligns best with your goals. Whether you want a beachside rental, a nature retreat, or a high-end property, these top vacation home locations offer the right mix of demand, income potential, and personal enjoyment.

Best Coastal Places to Buy a Vacation Home

There’s a reason beach towns never go out of style. These coastal spots get that classic summer rush, but they’re also the places people escape to in the quieter months, when the crowds thin out and the locals take back the shoreline. That means dependable bookings for property owners, not just in peak season but all year round.

But we didn’t just go for the big names here. This list includes a mix of both iconic beach towns and under-the-radar gems that have been quietly racking up rental demand. These are places that appeal to families looking for a summer stay, yes, but also to the off-season travelers—the snowbirds, the remote workers, and the weekenders after a quiet slice of sand and sea. If you’re looking for a coastal investment that brings in steady revenue, these spots deliver the best of both worlds.

San Diego, CA 

With a 63% occupancy rate and an average daily rate of $375, San Diego stands out as one of the most lucrative coastal markets for short-term rentals. Visitors flock to this Southern California hotspot year-round, drawn by its sunny beaches, iconic attractions like the San Diego Zoo, and vibrant neighborhoods like La Jolla and Pacific Beach.

Although the average home price is high at $1,013,944, the city’s steady bookings and premium rates offer strong income potential. For investors seeking both reliable returns and a slice of the California dream, San Diego is hard to beat.

Port Aransas, TX

With a 49% occupancy rate and an average daily rate of $334, Port Aransas offers a unique opportunity for investors seeking a coastal retreat. Nestled along the Gulf Coast, this laid-back destination draws in vacationers with its beautiful beaches, top-tier fishing spots, and close proximity to major Texas cities like Austin and San Antonio.

While the average home price sits at $577,104, the higher daily rate offsets the slightly lower occupancy, making it a strong contender for steady rental income. For those looking to invest in a relaxed beachside market with solid revenue potential, Port Aransas strikes the perfect balance.

Largo, FL

With an impressive 78% occupancy rate and an average daily rate of $158, Largo, Florida, is a high-demand destination for investors. Located in the Tampa Bay area, Largo offers affordable coastal living with steady year-round tourist interest. Visitors are drawn to nearby beaches, parks, and the relaxed Florida lifestyle.

Largo benefits from its proximity to top tourist attractions in the region, making it a favorite for vacationers looking to explore the Gulf Coast without the crowds. Its central location puts guests within easy reach of iconic Gulf beaches and popular sites. Highlights include:

• Florida Botanical Gardens – This lush oasis is popular for its themed gardens, walking paths, and diverse local flora and fauna.
• Clearwater Beach – One of Florida’s most iconic beaches, just a short drive away, with powdery white sand, clear waters, and vibrant sunset festivals.
• Largo Central Park – A family-friendly park with scenic trails, picnic areas, and seasonal events that make it a hit with locals and visitors alike.

With an average home price of $359,828, Largo presents a balanced mix of affordability and rental income potential. For investors seeking steady bookings and an appealing coastal location, Largo is a strong contender in the Florida market. We offer expert Largo vacation property management to help investors maximize income and occupancy with ease.

Interested in Florida, read our article about the best places to buy a vacation home in Florida!

Bradenton Beach, FL

With a solid 75% occupancy rate and an average daily rate of $259, Bradenton Beach presents a lucrative opportunity for investors. Situated on Anna Maria Island, Bradenton Beach is a sought-after Gulf Coast destination known for its old-Florida charm and pristine beaches. The average home price here is $445,000, making it a relatively affordable option compared to other coastal markets, while still offering strong rental income potential.

Tourism Overview

Bradenton Beach attracts tourists looking for a relaxed escape with plenty of charm and natural beauty. The area’s soft, white-sand beaches and calm Gulf waters are perfect for swimming, fishing, and sunbathing, while the Bradenton Beach City Pier offers fishing, dining, and views of stunning sunsets over the water. Nearby, visitors enjoy an artsy shopping scene and waterfront dining. For added appeal, here are some top nearby attractions:

• Anna Maria Island Historical Museum – Offers visitors a glimpse into the island’s rich history.
• Coquina Beach – Known for its wide, sandy shores and shaded picnic areas, it’s a favorite for families.
• The Ringling Museum (Sarasota) – A short drive away, this museum is popular for its extensive art collections and beautiful gardens.

With a strong tourism infrastructure and year-round appeal, Bradenton Beach provides investors with the chance to enjoy steady rental demand. Its combination of affordable home prices and high occupancy makes it an ideal market for reliable coastal rental income. We offer expert Bradenton Beach property management to help investors maximize income and occupancy with ease.

North Myrtle Beach, SC

With an occupancy rate of 60% and an average daily rate of $231, North Myrtle Beach offers reliable income potential for coastal investors. Known for its family-friendly vibe, wide sandy beaches, and welcoming atmosphere, this South Carolina destination draws a steady mix of vacationers seeking relaxation and recreation. North Myrtle Beach combines all the appeal of a major beach town without the congestion, making it a prime spot for families and groups.

Tourism Overview

North Myrtle Beach has a mix of natural beauty and lively attractions that keep guests entertained throughout the year. Highlights include:

• Cherry Grove Beach – A quieter stretch of beach that’s ideal for fishing, swimming, and long walks along the shore.
• Barefoot Landing – A shopping and dining complex along the Intracoastal Waterway, featuring boutiques, restaurants, and live entertainment.
• Alabama Theatre – Known for its high-energy musical performances and family-friendly shows, it’s a staple of North Myrtle Beach nightlife.

With an average home price of $389,900, North Myrtle Beach offers investors a reasonably priced entry point in a popular destination. The area’s steady rental demand and range of nearby attractions make it a strong choice for consistent bookings and coastal appeal. The area’s steady rental demand and range of nearby attractions make it a strong choice for consistent bookings and coastal appeal. We offer expert North Myrtle Beach property management to help investors maximize income and occupancy with ease.

Virginia Beach, VA

With an occupancy rate of 56% and an average daily rate of $178, Virginia Beach offers a balanced investment opportunity for those looking at the East Coast. Known for its miles of sandy shoreline and vibrant boardwalk, this destination is a summer favorite but sees steady interest from visitors year-round. At an average home price of $415,000, Virginia Beach is a competitive option in the coastal market.

Tourism Overview

Virginia Beach’s tourism appeal lies in its mix of relaxation and activities. Known for its family-friendly atmosphere and wide range of attractions, it’s ideal for beachgoers, nature lovers, and history buffs alike. Key attractions include:

• Virginia Beach – The wide, sandy shoreline is the area’s top destination, with lifeguard-patrolled waters, beach rentals, and ample space for both relaxation and recreation.
• Virginia Beach Boardwalk – This three-mile oceanfront promenade is lined with shops, restaurants, and live entertainment, perfect for an evening stroll or morning bike ride.
• First Landing State Park – Known for its historical significance and 20 miles of scenic trails, this park offers a blend of beach, marsh, and forest ecosystems, ideal for hiking, kayaking, and picnicking.

With steady demand and affordable entry costs, Virginia Beach provides a solid blend of investment potential and enduring tourist appeal.

Galveston, TX

With an occupancy rate of 48% and an average daily rate of $218, Galveston, Texas, offers a balanced investment opportunity for coastal rental income. The island city’s appeal lies in its blend of beach charm, historic attractions, and family-friendly activities, attracting a steady flow of visitors throughout the year. At an average home price of $449,000 and annual revenue potential of around $37,000, Galveston is a solid choice for investors targeting the Gulf Coast.

Tourism Overview

Galveston is beloved for its coastal beauty, historic sites, and a range of activities that cater to both beachgoers and history buffs. Top attractions include:

• Galveston Island Historic Pleasure Pier – A lively waterfront amusement park with rides, games, and eateries, perfect for families and visitors of all ages.
• Moody Gardens – A popular destination featuring botanical gardens, an aquarium, and a rainforest exhibit, offering unique experiences for nature lovers.
• The Strand Historic District – Known for its Victorian-era architecture, this area is packed with shops, galleries, and restaurants, adding to Galveston’s charm as both a beach town and historic site.

With its variety of attractions and steady tourism, Galveston provides investors with reliable rental income potential in a vibrant and versatile coastal market.

Hilton Head Island, SC

With a 63% occupancy rate and an average daily rate of $216, Hilton Head Island stands out as a high-demand destination for investors. Known for its pristine beaches, premier golf courses, and resort-like atmosphere, this South Carolina hotspot attracts visitors throughout the year. Despite a higher-than-average home price of $647,000, Hilton Head’s annual revenue potential of over $50,000 and a net yield of 4.3% make it a compelling choice for investors.

Tourism Overview

Hilton Head Island is renowned for its blend of natural beauty, recreation, and historic charm, appealing to a wide range of visitors. The area’s top attractions include:

• Harbour Town Golf Links – One of the most famous golf courses in the U.S., this course hosts the annual RBC Heritage PGA Tour event and offers beautiful coastal views.
• Coligny Beach Park – The island’s most popular beach, celebrated for its clean sands, family-friendly amenities, and convenient access to local shops and eateries.
• Harbour Town Lighthouse and Museum – A landmark on the island, this red-and-white striped lighthouse offers panoramic views of the marina and serves as an iconic symbol of Hilton Head.

With approximately 4,203 active rental listings, Hilton Head Island combines luxury, steady tourism demand, and high rental income potential. For investors seeking a balance of strong returns and scenic coastal charm, Hilton Head offers a top-tier opportunity in the short-term rental market. We offer Hilton Head vacation rental management to those investors most interested in the area.

Historic Cities with Year-Round Demand

There’s something magnetic about a city that’s rich in history. These places pull in visitors year-round, whether it’s for the festivals, the food, or the stories embedded in old architecture and cobblestone streets. They’re not just destinations; they’re experiences, and each one has a way of staying with people. For investors, that’s good news—tourists flock here in every season, giving you a shot at dependable, steady bookings beyond the usual peak months.

We’ve gathered a mix of iconic historic cities, each with its own unique draw. From waterfront charm to cultural festivals, these spots have what it takes to keep guests coming back no matter the season. If you're looking to invest somewhere with built-in, year-round appeal, these cities might just be your ideal match.

Charleston, SC

With a high occupancy rate of 74% and an average daily rate of $245, Charleston offers strong investment potential for those drawn to historic cities with year-round tourism appeal. Known for its charming architecture, rich history, and Southern hospitality, Charleston attracts both first-time visitors and repeat travelers. With a median home listing price of $699,000, Charleston is a premium market, but the steady rental demand justifies the investment.

Tourism Overview

Charleston’s draw lies in its blend of history, coastal beauty, and luxury appeal. From historic sites to upscale leisure activities, visitors enjoy a variety of experiences that set Charleston apart. Key attractions include:

• Isle of Palms Beach – Just a short drive from downtown, this scenic beach offers soft sands, water sports, and nearby golf, making it a top spot for visitors seeking both relaxation and recreation.
• Kiawah Island Golf Resort – Known for its world-class courses, this coastal resort provides stunning views and challenging fairways, ideal for golf enthusiasts.
• The Battery and Waterfront Park – This iconic area along Charleston’s waterfront offers views of historic mansions, monuments, and scenic walking paths, a favorite for those exploring Charleston’s storied past.

Charleston’s luxury amenities and historic charm give it enduring appeal, making it a top choice for investors seeking reliable bookings and steady income potential in a high-demand market. Adding Charleston vacation rental management to your investment strategy can further enhance income potential by ensuring properties remain well-maintained and strategically marketed to meet the high demand from Charleston’s thriving tourism sector.

Savannah, GA

With an occupancy rate of 67% and an average daily rate of $206, Savannah provides a great balance of affordability and steady rental demand. Known for its beautifully preserved architecture, vibrant arts scene, and quintessential Southern charm, this historic city has broad year-round appeal. With an average home price of $362,882, Savannah is a relatively affordable investment option among high-demand historic cities, making it one of the best places to buy a vacation home in Georgia.

Tourism Overview

Savannah’s allure lies in its blend of historic charm, scenic beauty, and easy access to nearby beaches, which makes it a popular destination for tourists seeking a unique Southern experience. Key attractions include:

• Forsyth Park – The city’s iconic park is known for its grand fountain, shaded walkways, and beautiful landscaping, a perfect spot for both relaxation and local events.
• Tybee Island – Just a short drive from Savannah, this beach destination offers soft sands, watersports, and a historic lighthouse, providing a coastal retreat close to the city.
• The Savannah Historic District – With its cobblestone streets, historic homes, and charming squares, this district is a favorite for walking tours, shopping, and immersing in the area’s rich history.

Savannah’s blend of history, beach access, and vibrant culture gives it year-round appeal for tourists, making it a strong choice for investors seeking consistent bookings and an affordable entry point in a high-demand market.

St. Augustine, FL

With an occupancy rate of 67% and an average daily rate of $211, St. Augustine,, Florida offers a strong investment opportunity in a city rich with history and charm. Known as the oldest city in the United States, St. Augustine draws tourists with its beautiful architecture, cultural landmarks, and unique blend of historical and modern experiences. At an average home price of $425,000, St. Augustine remains relatively affordable for investors targeting a high-demand, year-round market.

Tourism Overview

St. Augustine captivates visitors with its well-preserved historical sites, coastal beauty, and luxury recreational options, making it an attractive choice for both vacationers and short-term renters. Key attractions include:

• Castillo de San Marcos – This 17th-century fortress on the waterfront is a National Monument, offering history tours and scenic views over Matanzas Bay.
• St. Augustine Beach – A popular beach with soft sands and a laid-back atmosphere, perfect for visitors looking to unwind after exploring the city’s historic center.
• World Golf Village – Located nearby, this luxury golf resort features championship courses, a golf museum, and upscale amenities, drawing golf enthusiasts and history buffs alike.

With its combination of history, beach access, and year-round appeal, St. Augustine offers a reliable market for investors seeking steady bookings and the potential for property appreciation.

New Orleans, LA

With an occupancy rate of 58% and an average daily rate of $163, New Orleans offers an attractive investment opportunity in one of the country’s most culturally rich cities. Known for its vibrant music scene, historic architecture, and world-famous festivals, New Orleans consistently draws visitors looking for a unique experience. At an average home price of $349,000, New Orleans provides an affordable entry point in a high-demand rental market.

Tourism Overview

New Orleans is an enduring favorite for tourists, thanks to its distinctive blend of history, music, and celebration. With visitors arriving year-round, the city offers a steady flow of rental demand. Key attractions include:

• French Quarter – Known for its historic architecture, lively nightlife, and iconic Bourbon Street, this area is the heart of New Orleans’ tourism scene.
• Garden District – Famous for its grand mansions and tree-lined streets, this historic neighborhood offers a more laid-back, picturesque view of the city.
• Audubon Park & Zoo – A popular spot for families, this park features scenic walking paths, historic oaks, and an award-winning zoo, providing a quieter escape within the city.

With its mix of affordability, rich culture, and reliable tourist traffic, New Orleans is a top choice for investors looking for steady bookings and a unique market with enduring appeal.

Annapolis, MD

With an occupancy rate of 53% and a high average daily rate of $317, Annapolis presents an upscale investment opportunity in a historic and waterfront city. Known as the “Sailing Capital of the U.S.,” Annapolis draws visitors with its colonial charm, boating culture, and vibrant downtown. Although the average home price is higher at $598,210, the city’s luxury appeal and steady tourist interest make it a strong option for investors.

Tourism Overview

Annapolis is a top destination for history lovers, sailing enthusiasts, and those seeking a mix of waterfront and historic charm. The city’s notable attractions ensure year-round interest and a unique blend of activities for tourists. Highlights include:

• U.S. Naval Academy – A historic institution and iconic landmark, the Naval Academy offers tours of its beautiful campus and serves as a significant draw for visitors.
• Historic Downtown Annapolis – Featuring cobblestone streets, colonial architecture, and a bustling waterfront filled with shops and restaurants, this area is a must-see for those exploring the city’s rich past.
• Chesapeake Bay – Known for its stunning scenery and boating opportunities, the Chesapeake Bay is a popular destination for sailing, fishing, and water activities, attracting maritime enthusiasts from all over.

With its upscale attractions and charming ambiance, Annapolis offers both a luxurious setting and steady demand for short-term rentals, making it an appealing choice for investors targeting a higher-end market.

Alexandria, VA

Image credit: visitalexandria.com

With a strong occupancy rate of 74% and an average daily rate of $173, Alexandria offers a lucrative investment opportunity in a city known for its historic charm and strategic location. Just minutes from Washington, D.C., Alexandria combines a small-town feel with the amenities of a major metropolitan area. Although the average home price is on the higher end at $647,693, the city’s high occupancy rate and unique appeal to tourists provide solid income potential.

Tourism Overview

Alexandria attracts a steady stream of visitors year-round with its cobblestone streets, well-preserved architecture, and vibrant waterfront. The city’s proximity to D.C. makes it a popular choice for travelers looking for a mix of history, convenience, and unique local culture. Key attractions include:

• Old Town Alexandria – Known for its colonial-era buildings, boutique shops, and popular restaurants, Old Town is the heart of Alexandria’s historic district and a top destination for tourists.
• Mount Vernon – Just a short drive away, this iconic estate of George Washington offers guided tours and beautiful views of the Potomac River, drawing history enthusiasts from around the country.
• Potomac River Waterfront – The Alexandria waterfront features scenic walking paths, waterfront dining, and seasonal events, providing a picturesque setting for visitors and locals alike.

With its blend of historical sites, waterfront charm, and convenient access to the nation’s capital, Alexandria is a top choice for investors looking for consistent rental demand and strong returns.

Scenic and Nature-Focused Locations for Buying a Vacation Property

There’s a special kind of pull to places where the landscape steals the show. These are the towns and retreats where tourists go to trade city noise for mountain air, sprawling forests, or waterfront tranquility. For investors, nature-focused destinations offer a unique edge. Not only do they draw visitors seeking outdoor experiences year-round, but they also provide a sense of escape that keeps occupancy steady beyond the typical vacation season.

In this section, we’re highlighting scenic spots with national parks, lakes, and endless trails as their main attractions. These are destinations that offer something no skyscraper or crowded beach can—vast, open landscapes and the kind of natural beauty that stays with travelers long after they’ve gone home. If you’re looking to invest in a property where demand meets breathtaking scenery, these spots are top contenders.

Port Angeles, WA

With an occupancy rate of 69% and an average daily rate of $176, Port Angeles is a prime investment location for those looking to capture year-round demand in a scenic, nature-focused market. Set against the stunning backdrop of the Olympic Mountains and bordered by the Strait of Juan de Fuca, this coastal town draws outdoor enthusiasts and adventure-seekers. The median home listing price is $575,000, making it an affordable entry point for investors targeting the Pacific Northwest.

Tourism Overview

Port Angeles serves as the gateway to Olympic National Park and offers an unparalleled blend of mountains, coastlines, and forests that attract visitors throughout the year. Key attractions include:

• Olympic National Park – One of the most diverse national parks in the U.S., featuring everything from glacial peaks to temperate rainforests, drawing hikers, campers, and nature lovers from around the world.
• Hurricane Ridge – A popular destination within the park, known for its panoramic views, winter skiing, and hiking trails that provide access to alpine meadows and sweeping mountain vistas.
• Strait of Juan de Fuca – This coastal area offers whale-watching tours, kayaking, and beachcombing along rugged shores, perfect for travelers seeking ocean views and wildlife encounters.

With its unique location and emphasis on outdoor experiences, Port Angeles is an ideal choice for investors looking to cater to tourists seeking a memorable escape in the heart of the Pacific Northwest.

Asheville, NC

With an occupancy rate of 65% and an average daily rate of $131, Asheville offers a strong investment opportunity in the heart of the Blue Ridge Mountains. Known for its vibrant arts scene, craft breweries, and breathtaking landscapes, Asheville attracts tourists seeking both outdoor adventure and cultural experiences. The average home price of $589,500 reflects Asheville’s popularity as a highly desirable market for nature-focused tourism.

Tourism Overview

Asheville draws visitors year-round with its blend of mountain scenery, historic charm, and artistic energy. Key attractions include:

• Blue Ridge Parkway – One of America’s most scenic drives, providing panoramic mountain views, hiking trails, and countless overlooks, making it a must-see for nature enthusiasts.
• Biltmore Estate – America’s largest privately-owned home, this historic mansion and gardens attract architecture and history lovers, along with year-round events and seasonal displays.
• Downtown Asheville – Known for its lively arts scene, boutique shops, and local breweries, downtown Asheville provides a vibrant atmosphere for tourists exploring the city.

Asheville’s unique combination of scenic beauty, outdoor activities, and cultural attractions make it a top choice for investors seeking reliable bookings and a steady income stream. It’s the ideal location for a vacation property that appeals to a wide variety of guests. Adding Asheville vacation rental management to your investment strategy can further enhance income potential by ensuring properties remain well-maintained and strategically marketed to meet the high demand from Asheville’s thriving tourism sector.

Moab, UT

With an occupancy rate of 57% and a high average daily rate of $331, Moab presents a strong revenue-generating opportunity in one of the country’s top outdoor adventure destinations. Known for its red rock landscapes and access to iconic national parks, Moab attracts year-round visitors who come for hiking, mountain biking, and stunning desert views. At an average home price of $672,500, Moab’s market has a higher entry point, but with annual revenue potential around $45,100, it offers investors solid returns in a high-demand location.

Tourism Overview

Moab’s appeal lies in its status as a gateway to some of the nation’s most famous landscapes, making it a bucket-list destination for adventure seekers and nature lovers. Top attractions include:

• Arches National Park – Just outside Moab, this park is famous for its natural sandstone arches and scenic hiking trails, drawing millions of visitors each year.
• Canyonlands National Park – Known for its deep canyons, towering mesas, and diverse hiking terrain, this park is popular for exploration, offering breathtaking overlooks and challenging trails.
• Colorado River – Offering river rafting, scenic cruises, and fishing, the Colorado River provides a refreshing escape amidst the desert landscape and is popular with tourists year-round.

With its unique landscapes and adventure tourism, Moab is an ideal choice for investors targeting high daily rates and consistent rental demand from visitors eager to experience Utah’s red rock country.

Sedona, AZ

With a 60% occupancy rate and a high average daily rate of $343, Sedona offers a compelling investment opportunity in a market known for luxury tourism and scenic landscapes. Surrounded by red rock formations and offering a peaceful desert atmosphere, Sedona draws visitors year-round who seek outdoor adventure and wellness retreats. While the average home price is higher at $941,558, the area’s premium rates and steady demand make it an attractive choice for investors.

Tourism Overview

Sedona’s combination of natural beauty, upscale amenities, and spiritual appeal makes it a unique destination for tourists looking to relax, explore, and connect with nature. Key attractions include:

• Red Rock State Park – Known for its stunning red sandstone formations, hiking trails, and scenic overlooks, this park is a must-visit for nature enthusiasts and photographers.
• Chapel of the Holy Cross – An architectural marvel built into the red rocks, this chapel attracts visitors for its striking design and breathtaking views of Sedona’s landscape.
• Oak Creek Canyon – Often compared to a smaller Grand Canyon, this scenic canyon offers hiking, fishing, and picnic spots along the lush creek, appealing to tourists seeking a natural escape.

Sedona’s mix of luxury and nature-focused tourism provides investors with reliable bookings and premium rates, making it a top choice for those targeting the high-end short-term rental market. Including Sedona vacation rental management to your investment strategy can further enhance income potential by ensuring properties remain well-maintained and strategically marketed to meet the high demand from Charleston’s thriving tourism sector.

Telluride, CO

With an occupancy rate of 59% and a premium average daily rate of $417, Telluride is a prime investment option for those targeting the high-end rental market. Surrounded by the San Juan Mountains, this picturesque town is a haven for outdoor enthusiasts and luxury travelers alike. With an average home price of $1.9 million, Telluride’s market is on the higher end, but the combination of upscale appeal and steady year-round demand provides robust income potential.

Tourism Overview

Telluride is celebrated for its stunning mountain scenery, world-class ski slopes, and luxury amenities, making it a sought-after destination throughout the year. Key attractions include:

• Telluride Ski Resort – Renowned for its diverse terrain and breathtaking views, this resort attracts skiers and snowboarders from around the globe.
• San Juan Mountains – The surrounding mountains offer hiking, mountain biking, and off-road adventures, catering to nature lovers in all seasons.
• Telluride Film Festival – This iconic festival draws film enthusiasts and industry professionals each year, adding to the area’s cultural appeal and boosting rental demand during peak events.

Telluride’s combination of outdoor adventure and cultural sophistication makes it a top choice for investors looking to target luxury travelers and high daily rates in a unique mountain setting.

High-Growth Smaller Cities With High Revenue Potential

It’s not always the big-name cities that bring the best returns. Sometimes, the real gems are tucked away in places where growth is happening fast, but without the crowds and sky-high prices. These smaller cities are catching attention for their rising popularity among travelers and locals alike, offering a mix of affordable properties and a welcoming vibe that appeals to tourists seeking something different.

In this section, we’re looking at smaller cities that are on the rise, where rental demand is climbing and property values are poised for solid growth. Whether they’re college towns with steady foot traffic or artsy communities with a vibrant feel, these high-growth spots have a way of standing out on the map—and they just might be the perfect place to make an investment that grows with the city itself.

Columbus, GA

With an occupancy rate of 65% and an affordable average daily rate of $115, Columbus presents a promising investment option in a high-growth, smaller city. Known for its rich history, outdoor recreation, and growing arts scene, Columbus attracts visitors seeking a friendly Southern city without the cost of larger urban centers. The average home price of $218,000 keeps Columbus accessible to investors while offering stable rental returns.

Tourism Overview

Columbus provides a blend of historical attractions, cultural sites, and natural beauty that appeal to a wide range of travelers. Key attractions include:

• Chattahoochee RiverWalk – A scenic 15-mile trail along the river, popular for walking, biking, and river views.
• National Infantry Museum – A highly regarded museum that celebrates the history of the U.S. infantry, drawing history enthusiasts from around the country.
• Columbus Museum – Known for its art and regional history exhibits, this museum is a cultural anchor in the city.

With its low entry costs, reliable rental demand, and rising appeal, Columbus is an attractive option for investors looking for growth potential in a smaller yet vibrant city.

Logan, OH

With an occupancy rate of 53% and an average daily rate of $158, Logan offers a unique investment opportunity for those interested in nature-driven tourism. Nestled in the Hocking Hills region, Logan is popular with visitors seeking scenic beauty, outdoor activities, and a peaceful escape from city life. The average home price of $336,800 makes Logan a moderately priced investment market, especially for investors targeting outdoor adventure seekers and weekend travelers.

Tourism Overview

Logan attracts visitors year-round with its picturesque landscapes, state parks, and abundant outdoor recreation options. Key attractions include:

• Hocking Hills State Park – Known for its stunning rock formations, waterfalls, and hiking trails, this park is a major draw for nature lovers and adventure seekers.
• Ash Cave – A unique natural formation and one of Ohio’s largest recess caves, popular for both hiking and photography.
• Cantwell Cliffs – Offering rugged trails and beautiful cliff views, this spot is ideal for visitors seeking a more challenging outdoor experience.

With its steady demand, natural appeal, and affordable entry costs, Logan is an excellent choice for investors looking to cater to vacationers in search of outdoor experiences in a tranquil setting.

Akron, OH

With an occupancy rate of 58% and an average daily rate of $87, Akron offers a low-cost investment opportunity in a growing market with steady demand. Known for its arts, cultural attractions, and proximity to scenic parks, Akron appeals to travelers looking for an affordable, laid-back urban experience. At an average home price of $154,900, Akron provides an accessible entry point for investors seeking stable rental income without a significant upfront cost.

Tourism Overview

Akron draws visitors with its blend of historic sites, arts attractions, and easy access to nearby natural landscapes. Key attractions include:

• Stan Hywet Hall & Gardens – A historic estate with beautifully maintained gardens and a popular destination for history and architecture enthusiasts.
• Akron Art Museum – Featuring contemporary and modern art exhibits, this museum attracts art lovers and provides a cultural anchor in the city.
• Cuyahoga Valley National Park – Located nearby, this national park offers hiking, biking, and scenic railway tours, ideal for visitors looking to explore Ohio’s natural beauty.

Akron’s mix of cultural sites and affordability makes it a solid choice for investors looking to attract a diverse range of guests while maintaining a low-cost investment.

Greenville, SC

With an occupancy rate of 69% and an average daily rate of $127, Greenville offers a compelling investment opportunity in a city known for its lively downtown, cultural attractions, and Southern charm. The average home price of $389,000 places Greenville in a mid-range market, appealing to investors looking for both accessibility and steady demand.

Tourism Overview

Greenville has gained popularity as a travel destination thanks to its blend of arts, outdoor spaces, and a thriving food scene. Top attractions include:

• Falls Park on the Reedy – A beautiful urban park featuring waterfalls, gardens, and the iconic Liberty Bridge, a popular spot for both locals and tourists.
• Peace Center – Greenville’s premier performing arts venue hosts Broadway shows, concerts, and other cultural events, drawing in visitors year-round.
• Swamp Rabbit Trail – A 22-mile greenway that connects travelers with scenic bike and walking trails, offering outdoor activities just minutes from downtown.

With its vibrant city center, cultural richness, and outdoor appeal, Greenville is an ideal choice for investors targeting travelers who enjoy urban amenities within a charming, walkable environment. With the support of vacation property management in Greenville, investors can capitalize on the city's growth, securing consistent bookings through professional upkeep and targeted marketing.

Huddleston, VA

With an occupancy rate of 53% and a high average daily rate of $275, Huddleston is a strong investment location in the scenic and laid-back region of Smith Mountain Lake. Known for its outdoor appeal, Huddleston attracts visitors who come for lake activities, peaceful scenery, and charming local attractions. At an average home price of $321,876, Huddleston offers a reasonably priced entry into a market with solid rental potential.

Tourism Overview

Huddleston draws visitors looking for relaxation and outdoor fun, especially around Smith Mountain Lake. Its appeal lies in its natural beauty, recreational activities, and quiet atmosphere. Key attractions include:

• Smith Mountain Lake – The centerpiece of Huddleston, this lake is ideal for boating, fishing, and water sports, drawing families and outdoor enthusiasts year-round.
• Smith Mountain Lake State Park – Known for its hiking trails, picnic spots, and scenic views, this state park is a popular location for camping and enjoying the outdoors.
• Booker T. Washington National Monument – A short drive from Huddleston, this historic site commemorates the birthplace of Booker T. Washington and offers insight into his life and legacy.

With its steady rental demand and lakeside charm, Huddleston is a solid choice for investors looking to attract vacationers seeking natural beauty and a quiet retreat.

Luxury Destinations With Strong Demand for Vacation Rentals

Luxury vacation markets aren’t just about glitzy homes and upscale amenities; they’re about experiences that feel exclusive, where guests can trade the everyday for something truly extraordinary. These are the destinations that turn up in travel magazines, where demand stays high because they offer what few other places can: pristine beaches, top-rated golf courses, gourmet dining, and scenery that never quits.

In this section, we’re diving into the best luxury destinations for vacation property investments. These places promise high returns and a steady stream of guests who don’t mind paying for the finer things in life. If you’re looking to invest in a vacation spot where exclusivity meets year-round appeal, these locations are top contenders.

Cannon Beach, OR

With an occupancy rate of 67% and an average daily rate of $224, Cannon Beach offers a premium investment opportunity along Oregon’s breathtaking coast. Known for its dramatic shoreline and luxurious yet laid-back atmosphere, Cannon Beach attracts a steady flow of high-end travelers. While the average home price is on the higher end at $880,000, the area’s unique appeal and steady demand make it a compelling choice for investors seeking a luxury destination.

Tourism Overview

Cannon Beach is celebrated for its natural beauty and relaxed sophistication, drawing visitors who come to unwind along the coast and enjoy a quieter slice of the Pacific Northwest. Key attractions include:

• Haystack Rock – One of Oregon’s most iconic landmarks, this massive rock formation is a centerpiece of the beach, popular with photographers and visitors exploring tide pools.
• Ecola State Park – Offering rugged coastline views, forested trails, and scenic picnic spots, this park is perfect for outdoor enthusiasts.
• Local Art Galleries and Boutique Shops – Cannon Beach is known for its vibrant arts scene, with galleries, artisan shops, and coastal-inspired boutiques, providing visitors with a charming shopping experience.

With its scenic beauty, artistic charm, and steady demand, Cannon Beach is an ideal choice for investors targeting luxury travelers seeking a quiet coastal escape. Leveraging vacation property management in Cannon Beach allows investors to maximize returns by tapping into the area's high visitor demand, ensuring properties are expertly maintained and marketed for year-round bookings in this scenic coastal destination.

Nags Head, NC

With an occupancy rate of 68% and an impressive average daily rate of $445, Nags Head is one of North Carolina’s top destinations for vacation rentals. Known for its family-friendly beaches, historic landmarks, and scenic coastal beauty, this Outer Banks location draws visitors looking to unwind and explore. Though the median home price of $695,000 reflects the area’s popularity, the high daily rates and dependable demand make Nags Head a solid investment choice.

Tourism Overview

Nags Head embodies the charm of coastal North Carolina, with a range of natural attractions and local history. Key highlights include:

• Jockey’s Ridge State Park – Home to the tallest natural sand dune on the East Coast, this park is a must-see for hang gliding, sandboarding, and enjoying expansive views.
• Nags Head Beach – Known for its wide stretches of sand and family-friendly waves, ideal for beachgoers and water activities.
• Bodie Island Lighthouse – This historic lighthouse offers panoramic views and insight into North Carolina’s maritime history.

With its blend of natural beauty and historical charm, Nags Head provides strong rental income potential for investors targeting North Carolina’s thriving vacation rental market, making Nags Head one of the best places to invest in a vacation home in North Carolina!

Aspen, CO

With an occupancy rate of 63% and a premium average daily rate of $711, Aspen represents one of the most desirable luxury investment markets in the U.S. Known for its world-renowned ski slopes, high-end dining, and celebrity appeal, Aspen consistently attracts affluent visitors seeking a mountain escape with exclusive amenities. Although the average home price is on the high end at $3 million, the high rental rates and year-round demand make it a worthwhile investment for those targeting the luxury segment.

Tourism Overview

Aspen is famed for its luxurious lifestyle, natural beauty, and unique mountain culture, drawing visitors all year long. Key attractions include:

• Aspen Mountain – Known as “Ajax,” Aspen Mountain offers challenging slopes and stunning views, attracting skiers and snowboarders from around the globe.
• Maroon Bells – One of Colorado’s most photographed locations, this scenic area offers breathtaking views and hiking trails that captivate nature lovers and photographers.
• Downtown Aspen – Filled with upscale boutiques, gourmet restaurants, and vibrant nightlife, Aspen’s downtown provides visitors with a sophisticated mountain town experience.

Aspen’s exclusive allure, coupled with high occupancy and rental rates, makes it a prime choice for investors looking to capitalize on the luxury vacation market in one of the world’s top mountain destinations.

Scottsdale, AZ

With an occupancy rate of 65% and an average daily rate of $243, Scottsdale provides a strong investment opportunity for those targeting a high-demand, luxury market in Arizona. Known for its upscale golf courses, luxury spas, and vibrant arts scene, Scottsdale draws visitors year-round who come for warm desert weather and exclusive amenities. At an average home price of $970,000, Scottsdale’s property market offers significant rental potential and steady bookings from travelers seeking a refined desert retreat.

Tourism Overview

Scottsdale is celebrated for its upscale offerings, from renowned golf courses to luxury shopping and dining. Its year-round appeal ensures a steady flow of visitors. Key attractions include:

• TPC Scottsdale – Home to the famous Phoenix Open, this golf course is a must-visit for golf enthusiasts and a major draw during tournament season.
• Old Town Scottsdale – Featuring art galleries, boutique shops, and high-end restaurants, this historic area offers a blend of culture and entertainment.
• McDowell Sonoran Preserve – This expansive desert preserve offers hiking, biking, and scenic views, perfect for outdoor enthusiasts and nature lovers.

Scottsdale’s blend of luxury and outdoor adventure, along with its high occupancy rates, makes it a top choice for investors looking to capture the high-end rental market in a thriving desert destination. Vacation property management in Scottsdale provides investors with an edge, optimizing property upkeep and strategic marketing to attract consistent guests in this vibrant desert locale known for luxury and year-round appeal.

Vail, CO

With an occupancy rate of 55% and a high average daily rate of $433, Vail stands as a top luxury destination for investors focused on premium mountain markets. Known for its world-class ski slopes, upscale dining, and vibrant après-ski scene, Vail attracts affluent travelers seeking an exclusive alpine retreat. The average home price of $1.6 million reflects its upscale market, but the high rental rates and steady demand make it an attractive option for those looking to invest in a prestigious mountain resort area.

Tourism Overview

Vail’s luxury appeal lies in its stunning mountain landscape, high-end amenities, and premier winter sports. This combination ensures a strong flow of visitors, particularly in peak ski season. Key attractions include:

• Vail Ski Resort – One of the largest and most popular ski resorts in the U.S., Vail Resort offers top-tier skiing, snowboarding, and winter activities for visitors worldwide.
• Betty Ford Alpine Gardens – Known as the highest botanical garden in the world, these gardens provide a unique year-round attraction with beautiful mountain flora and scenic views.
• Vail Village – This charming, European-inspired village features boutique shops, fine dining, and lively après-ski venues, enhancing Vail’s sophisticated atmosphere.

With its blend of luxury, scenic beauty, and renowned ski culture, Vail offers high income potential for investors targeting the high-end, outdoor-focused market.

Invest in Your Vacation Home with Confidence

At Home Team Vacation Rentals, we make it easy to buy a vacation home and turn it into a profitable, hands-free investment. Our all-inclusive service takes the guesswork out of the process, guiding you from property selection through management. With our expertise and BNB Turnkey’s investor program, you can enjoy steady cash flow, tax benefits, and premium guest experiences without the hassle.

Our team supports you through a three-phase approach: we conduct in-depth market analysis to find high-performing properties, deliver customized design and furnishing, and manage every operational detail. We handle everything—marketing, guest communication, maintenance—so you can sit back and watch your investment grow.

Whether you're new to the market or expanding your portfolio, our seamless approach makes it simple to buy a vacation home with confidence. Reach out to us, and we’ll help you unlock the full potential of your vacation property.

Categories: Best Places to Invest