Last updated: September 2024
Investing in mid-term rental properties requires careful consideration of market supply and performance metrics. This analysis focuses on the top-performing markets with more than 500 full-time listings and high median gross yields. By identifying these markets, we provide investors with valuable insights into areas with robust rental supply and attractive financial returns.
Our guide highlights the best mid-term rental markets based on supply and yield, offering a comprehensive overview of key factors such as rental income, occupancy rates, and local attractions. By leveraging this data, investors can make informed decisions and optimize their rental investments.
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. Detroit, Michigan
Detroit, MI, known for its rich history and revitalized downtown, offers a vibrant cultural scene and numerous attractions.
Detroit has seen a 4.1% increase in home values, with the average home price now at $102,929. The median annual revenue is $19,500, with a monthly rate of $1,625. With 1,008 full-time listings and a property tax rate of 1.72%, the gross yield is 18.94%.
For more comprehensive insights into Detroit as a rental market, explore the Detroit Airbnb Investor Guide and Detroit Rental Regulations.
2. Cleveland, Ohio
Cleveland, OH, known for its thriving arts scene and major sports teams, is an attractive market for mid-term rental investors.
Cleveland has seen a 4.2% increase in home values, with the average home price now at $123,384. The median annual revenue is $20,500, with a monthly rate of $1,708. With 945 full-time listings and a property tax rate of 1.94%, the gross yield is 16.62%.
For more insights into Cleveland as a rental market, explore the Cleveland Airbnb Investor Guide and Cleveland Rental Regulations.
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3. Saint Louis, Missouri
Saint Louis, MO, known for its iconic Gateway Arch and vibrant cultural scene, offers strong investment potential for mid-term rentals.
Saint Louis has seen a 3.5% increase in home values, with the average home price now at $158,043. The median annual revenue is $21,000, with a monthly rate of $1,750. With 900 full-time listings and a property tax rate of 1.58%, the gross yield is 13.29%.
For more insights into Saint Louis as a rental market, explore the Saint Louis Airbnb Investor Guide and Saint Louis Rental Regulations.
4. Atlantic City, New Jersey
Atlantic City, NJ, famous for its casinos and boardwalk, is a vibrant market with strong rental demand.
Atlantic City has seen a 3.7% increase in home values, with the average home price now at $210,394. The median annual revenue is $22,000, with a monthly rate of $1,833. With 892 full-time listings and a property tax rate of 1.64%, the gross yield is 12.64%.
For more comprehensive insights into Atlantic City as a rental market, explore the Atlantic City Airbnb Investor Guide and Atlantic City Rental Regulations.
5. Augusta, Georgia
Augusta, GA, known for hosting The Masters golf tournament, is a charming city with a growing rental market.
Augusta has seen a 3.9% increase in home values, with the average home price now at $179,283. The median annual revenue is $20,500, with a monthly rate of $1,708. With 878 full-time listings and a property tax rate of 1.62%, the gross yield is 11.44%.
For more insights into Augusta as a rental market, explore the Augusta Airbnb Investor Guide and Augusta Rental Regulations.
6. Chicago, Illinois
Chicago, IL, renowned for its architecture, museums, and vibrant neighborhoods, offers diverse attractions and a robust rental market.
Chicago has seen a 4.1% increase in home values, with the average home price now at $291,833. The median annual revenue is $24,000, with a monthly rate of $2,000. With 876 full-time listings and a property tax rate of 2.11%, the gross yield is 10.87%.
For more comprehensive insights into Chicago as a rental market, explore the Chicago Airbnb Investor Guide and Chicago Rental Regulations.
Each of these markets with a high supply of mid-term rental listings offers unique opportunities for investors, combining strong financial metrics with appealing local attractions. For a comprehensive overview, including detailed analyses, calculators, and regulation insights, make sure to explore our latest tool, Chalet Intel.
