Best Markets to Focus on Right Now

[Tom Dempsey]

Hey everyone - 

I was curious where everyone was looking right now for short term rentals. What markets do you seem to be focusing on right now and why? I am from Philadelphia and I hear a constant chatter of the Poconos and other vacation markets on the east coast but was curious where others were focusing right now. 

[Levi Bennett]

It'll be hard to find someone with a macro-perspective, but as a broker that specializes exclusively in STRs, I can tell you that the Ozarks in Arkansas, South Dakota, Orlando/Disney, and western NC have been extremely lucrative. More people are using and warming up to to Airbnb and VRBO than ever before, so the market cap overall continues to grow, especially as more Americans than ever are working remotely. So, basically it's a growing market anywhere people like to vacation. However, the migration trend nationally is to the South, places like Florida, North Carolina and Texas. Places where there is a lot on offer climate-wise, career-wise, and easy to move around. Personally, I focus on Western NC mountains, near Asheville and Boone. Boone (the high country of NC) offers some of the only skiing within 3 hours of 4 major southern cities.. so as people have moved from up north and bring their skis with them, the accessibility of it has provided for outrageous STR and appreciation opportunity.