Last updated: September 2024
From the sun-kissed shores of Southern California to the majestic redwoods of the north, California’s mid-term rental markets cater to every taste and preference. Let’s embark on a journey through some of the best mid-term rental markets in California, where hospitality meets innovation, and every stay promises memories to last a lifetime.
Our advanced tool, Chalet Intel, delivers in-depth insights and strategies tailored for investors at all levels. It includes a robust calculator, regulation summaries, and extensive data for each discussed market. Our dashboard offers comprehensive data on both short-term and mid-term rentals, enabling you to make well-informed decisions. Links for each market are available for detailed individual analysis.
1. Joshua Tree, California
Joshua Tree, CA, is renowned for its namesake national park, featuring unique desert landscapes and rock formations that draw outdoor enthusiasts year-round.
Joshua Tree has seen a notable decrease in home values by -10.20%, with the average price at $385,941. The market shows promise with a median annual revenue of $27,500 and a monthly rate of $2,500. With 1,128 full-time listings and a property tax rate of 0.78%, the gross yield stands at 7.13%.
Discover more about investing in Joshua Tree through Chalet Intel.
2. Palm Springs, California
Palm Springs, CA, known for its mid-century modern architecture and luxury resorts, is also a popular base for exploring nearby national parks like Joshua Tree.
Palm Springs has seen a slight decrease in home values by -0.70%, with the average price at $655,035. The market thrives with a median annual revenue of $26,400 and a monthly rate of $2,400. With 2,341 full-time listings and a property tax rate of 0.94%, the gross yield here is 4.03%.
For more insights into Palm Springs as a rental market, explore Chalet Intel.
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3. Big Bear Lake, California
Big Bear Lake, CA, is a popular destination for both summer and winter activities, offering attractions such as skiing, hiking, and water sports.
Big Bear Lake has seen a moderate decrease in home values by -1.50%, with the average price at $597,092. The market thrives with a median annual revenue of $22,000 and a monthly rate of $2,000. With 1,643 full-time listings and a property tax rate of 0.78%, the gross yield here is 3.68%.
For more comprehensive insights into Big Bear Lake as a rental market, explore Chalet Intel.
4. Lake Arrowhead, California
Lake Arrowhead, CA, known for its scenic mountain views and outdoor activities, is a popular getaway for visitors seeking a peaceful retreat.
Lake Arrowhead has seen a decrease in home values by -4.00%, with the average price at $575,028. The market shows promise with a median annual revenue of $20,900 and a monthly rate of $1,900. With 1,768 full-time listings and a property tax rate of 0.78%, the gross yield stands at 3.63%.
Discover more about investing in Lake Arrowhead through Chalet Intel. It includes a calculator, regulation overview, and much more.
5. San Diego, California
San Diego, CA, known for its beautiful beaches, parks, and warm climate, is a prime destination for tourists year-round.
San Diego has seen a notable increase in home values by 9.40%, with the average price at $994,023. The market shows promise with a median annual revenue of $30,800 and a monthly rate of $2,800. With 4,736 full-time listings and a property tax rate of 0.75%, the gross yield stands at 3.10%.
For more comprehensive insights into San Diego as a rental market, explore Chalet Intel.
6. Carlsbad, California
Carlsbad, CA, known for its stunning beaches and family-friendly attractions, is a highly desirable location for mid-term rentals.
Carlsbad has seen a significant increase in home values by 10.70%, with the average price at $1,488,066. The market shows promise with a median annual revenue of $28,600 and a monthly rate of $2,600. With 4,222 full-time listings and a property tax rate of 0.75%, the gross yield stands at 1.92%.
For more comprehensive insights into Carlsbad as a rental market, explore Chalet Intel.
