Last updated: September 2024
Investing in mid-term rental properties can be highly profitable, especially when considering factors like property tax rates. Lower property taxes can significantly impact your net income, making certain markets more attractive for investment. This article highlights the best mid-term rental markets with property tax rates lower than 1%, focusing on those with the highest gross yields.
Our guide provides insights into these top-performing markets, helping investors make informed decisions. By focusing on property tax rates and gross yields, we aim to identify the most lucrative opportunities for mid-term rental investments. Our advanced tool, Chalet Intel, offers comprehensive data and strategies for investors at all levels, ensuring you have the information needed to maximize your returns.
Here are the best mid-term rental markets with the lowest property tax, ordered by gross yield:
1. Birmingham, Alabama
Birmingham, AL, known for its rich history and vibrant cultural scene, is an attractive market for mid-term rental investors due to its low property tax rates.
Birmingham has a property tax rate of 0.65%, with the average home price at $234,241. The median annual revenue is $21,000, with a monthly rate of $1,750. With 1,020 full-time listings, the gross yield is 8.96%.
For more comprehensive insights into Birmingham as a rental market, explore the Birmingham Airbnb Investor Guide and Birmingham Rental Regulations.
2. South Bend, Indiana
South Bend, IN, home to the University of Notre Dame, offers a mix of cultural attractions and educational opportunities, making it a vibrant market for mid-term rentals.
South Bend has a property tax rate of 0.75%, with the average home price at $210,563. The median annual revenue is $19,000, with a monthly rate of $1,583. With 870 full-time listings, the gross yield is 9.02%.
For more insights into South Bend as a rental market, explore the South Bend Airbnb Investor Guide and South Bend Rental Regulations.
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3. Island Park, Idaho
Island Park, ID, is known for its outdoor recreational activities and proximity to Yellowstone National Park, making it a popular destination for tourists.
Island Park has a property tax rate of 0.61%, with the average home price at $350,000. The median annual revenue is $36,000, with a monthly rate of $3,000. With 780 full-time listings, the gross yield is 10.29%.
For more comprehensive insights into Island Park as a rental market, explore the Island Park Airbnb Investor Guide and Island Park Rental Regulations.
4. North Charleston, South Carolina
North Charleston, SC, is known for its vibrant community and growing economy, making it an attractive market for mid-term rental investments.
North Charleston has a property tax rate of 0.78%, with the average home price at $275,000. The median annual revenue is $22,800, with a monthly rate of $1,900. With 1,200 full-time listings, the gross yield is 8.29%.
For more insights into North Charleston as a rental market, explore the North Charleston Airbnb Investor Guide and North Charleston Rental Regulations.
5. Jacksonville, Florida
Jacksonville, FL, known for its extensive park system and vibrant cultural scene, offers strong investment opportunities for mid-term rentals.
Jacksonville has a property tax rate of 0.82%, with the average home price at $325,000. The median annual revenue is $26,400, with a monthly rate of $2,200. With 1,500 full-time listings, the gross yield is 8.12%.
For more comprehensive insights into Jacksonville as a rental market, explore the Jacksonville Airbnb Investor Guide and Jacksonville Rental Regulations.
6. Fort Walton Beach, Florida
Fort Walton Beach, FL, known for its white sandy beaches and emerald green waters, is a popular destination for family vacations and fishing trips.
Fort Walton Beach has a property tax rate of 0.73%, with the average home price at $375,000. The median annual revenue is $28,800, with a monthly rate of $2,400. With 890 full-time listings, the gross yield is 7.68%.
For more comprehensive insights into Fort Walton Beach as a rental market, explore the Fort Walton Beach Airbnb Investor Guide and Fort Walton Beach Rental Regulations.
Each of these markets with low property tax rates 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.
