Last updated: September 2024
Investing in mid-term rental properties can be highly profitable, especially in markets with high monthly rental rates. For investors looking to maximize their returns, focusing on markets with a high gross yield and a monthly rate over $2,500 is essential. This guide highlights the top mid-term rental markets that meet these criteria, providing valuable insights into their performance and potential for investors.
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. Island Park, Idaho
Island Park, ID, known for its stunning natural beauty and outdoor recreational opportunities, is a popular destination for tourists seeking adventure and tranquility.
Island Park has seen a 5.2% increase in home values, with the average price now at $723,400. The median annual revenue is $36,000, with a monthly rate of $3,000. With 123 full-time listings and a property tax rate of 0.58%, the gross yield is 4.98%.
For more comprehensive insights into Island Park as a rental market, explore the Island Park Airbnb Investor Guide and Island Park Rental Regulations.
2. Pompano Beach, Florida
Pompano Beach, FL, renowned for its beautiful coastline and vibrant marine life, attracts visitors year-round seeking sun and sea activities.
Pompano Beach has seen a 4.7% increase in home values, with the average price now at $605,100. The median annual revenue is $33,000, with a monthly rate of $2,750. With 545 full-time listings and a property tax rate of 1.20%, the gross yield is 5.45%.
For more insights into Pompano Beach as a rental market, explore the Pompano Beach Airbnb Investor Guide and Pompano Beach Rental Regulations.
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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 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 3.5% increase in home values, with the average price now at $455,000. The median annual revenue is $31,800, with a monthly rate of $2,650. With 678 full-time listings and a property tax rate of 1.06%, the gross yield is 5.45%.
For more insights into Fort Myers as a rental market, explore the Fort Myers Airbnb Investor Guide and Fort Myers Rental Regulations.
4. 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 4.1% increase in home values, with the average price now at $593,500. The median annual revenue is $33,000, with a monthly rate of $2,750. With 324 full-time listings and a property tax rate of 0.77%, the gross yield is 5.56%.
Discover more about investing in Joshua Tree through Chalet Intel.
5. Cape Coral, Florida
Cape Coral, FL, known for its extensive canal system and waterfront living, offers a variety of outdoor activities and scenic views.
Cape Coral has seen a 3.9% increase in home values, with the average price now at $480,000. The median annual revenue is $32,000, with a monthly rate of $2,700. With 780 full-time listings and a property tax rate of 1.05%, the gross yield is 5.58%.
Discover more about investing in Cape Coral through the Cape Coral Airbnb Investor Guide and Cape Coral Rental Regulations.
6. Hollywood, Florida
Hollywood, FL, known for its beautiful beaches and the famous Hollywood Beach Broadwalk, is a popular destination for both relaxation and entertainment.
Hollywood has seen a 4.3% increase in home values, with the average price now at $602,900. The median annual revenue is $33,000, with a monthly rate of $2,750. With 835 full-time listings and a property tax rate of 1.19%, the gross yield is 5.47%.
For more insights into Hollywood as a rental market, explore the Hollywood Airbnb Investor Guide and Hollywood Rental Regulations.
Each of these markets with high monthly 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.
