Last updated: September 2024
Beachfront properties have long been a sought-after investment, and mid-term rentals are no exception. Offering a blend of scenic beauty and potential profitability, coastal markets can be a lucrative choice for investors. In this article, we analyze the best mid-term rental markets on the beach, focusing on key metrics like median gross yield to highlight the top-performing locations.
Our analysis covers markets with strong rental income, high occupancy rates, and appealing beachside attractions. By focusing on these factors, we aim to provide investors with the insights needed to make informed decisions in some of the most desirable beachfront locations. 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.
1. Atlantic City, New Jersey
Atlantic City, NJ, is known for its vibrant boardwalk, casinos, and beautiful beaches, attracting a steady stream of tourists year-round.
Atlantic City has seen a 1.3% increase in home values, with the average price at $183,800. The median annual revenue is $22,000, with a monthly rate of $2,000. With 1,160 full-time listings and a property tax rate of 1.63%, the gross yield is 11.05%.
For more insights into Atlantic City as a rental market, explore the Atlantic City Airbnb Investor Guide and Atlantic City Rental Regulations.
2. Hampton, Virginia
Hampton, VA, known for its coastal charm and rich history, offers a variety of attractions including waterfront parks and museums.
Hampton has seen a 7.6% increase in home values, with the average price at $259,034. The median annual revenue is $22,000, with a monthly rate of $2,000. With 1,036 full-time listings and a property tax rate of 1.13%, the gross yield is 8.49%.
For more comprehensive insights into Hampton as a rental market, explore the Hampton Airbnb Investor Guide and Hampton Rental Regulations.
Top 200 Airbnb Rental Markets
Use our Airbnb comparison tool to instantly compare the top 200 short-term (Airbnb) rental markets in the US by returns on investment, occupancy rates, revenue, home price, and more…
3. Fort Walton Beach, Florida
Fort Walton Beach, FL, known for its emerald green waters and white sandy beaches, is a popular destination for tourists seeking a tropical getaway.
Fort Walton Beach has seen a 6.9% increase in home values, with the average price at $286,639. The median annual revenue is $22,000, with a monthly rate of $2,000. With 1,016 full-time listings and a property tax rate of 1.09%, the gross yield is 8.05%.
For more insights into Fort Walton Beach as a rental market, explore the Fort Walton Beach Airbnb Investor Guide and Fort Walton Beach Rental Regulations.
4. Norfolk, Virginia
Norfolk, VA, known for its naval base and vibrant arts scene, is a dynamic city with a strong rental market.
Norfolk has seen a 6.9% increase in home values, with the average price at $286,639. The median annual revenue is $22,000, with a monthly rate of $2,000. With 1,016 full-time listings and a property tax rate of 1.09%, the gross yield is 7.68%.
For more insights into Norfolk as a rental market, explore the Norfolk Airbnb Investor Guide and Norfolk Rental Regulations.
5. Pompano Beach, Florida
Pompano Beach, FL, offers a mix of beautiful beaches, cultural attractions, and vibrant nightlife, making it a top destination for tourists.
Pompano Beach has seen a 1.3% increase in home values, with the average price at $286,639. The median annual revenue is $22,000, with a monthly rate of $2,000. With 1,016 full-time listings and a property tax rate of 1.09%, the gross yield is 7.59%.
For more comprehensive insights into Pompano Beach as a rental market, explore the Pompano Beach Airbnb Investor Guide and Pompano Beach Rental Regulations.
6. Fort Myers, Florida
Fort Myers, FL, known for its historical estates and beautiful waterfront views, is a popular destination for retirees and tourists alike.
Fort Myers has seen a notable increase in home values, with the average price now at $350,000. The median annual revenue is $22,000, with a monthly rate of $2,000. With 1,016 full-time listings and a property tax rate of 1.09%, the gross yield is 7.42%.
For more insights into Fort Myers as a rental market, explore the Fort Myers Airbnb Investor Guide and Fort Myers Rental Regulations.
Each of these beachfront markets offers unique opportunities for mid-term rental investors, combining strong financial metrics with appealing tourist attractions. For a comprehensive overview, including detailed analyses, calculators, and regulation insights, make sure to explore our latest tool, Chalet Intel.
