Last updated: October 2024
Investing in short-term rentals (STRs) on the coast can offer excellent opportunities for investors looking to capitalize on the high demand for beachfront properties and ocean views. These markets provide strong investment potential along with stunning coastal landscapes and vibrant local cultures.
Our latest tool, Chalet Intel, provides comprehensive insights and strategies tailored to investors at all experience levels. It includes a calculator, regulation overview, and much more for each market discussed. Links will be provided for each market, allowing you to conduct a more detailed analysis on your own.
1. Atlantic City, New Jersey
Atlantic City, NJ, known for its bustling boardwalk, casinos, and entertainment venues, is a popular destination for tourists seeking beachside fun and nightlife.
Atlantic City has experienced a moderate increase in home values, with the average price now at $150,000. This market thrives with an ADR of $200.00 and an occupancy rate of 65%, translating to an annual revenue of $47,450 from 1,500 active rentals. The gross yield here is 15.51%, with a cap rate of 9.00%.
Discover more about investing in Atlantic City through the Atlantic City Airbnb Investor Guide and Atlantic City Rental Regulations.
2. Corpus Christi, Texas
Corpus Christi, TX, known for its beautiful beaches and attractions like the Texas State Aquarium and the USS Lexington, is a popular destination for beachgoers and history buffs alike.
Corpus Christi has experienced a slight increase in home values by 0.40%, with the average price at $214,380. The ADR is $169.00, with an occupancy rate of 52%, generating annual revenues of $30,634 from 1,923 active rentals. The gross yield is 11.91%, with a cap rate of 7.15%.
Check out our Corpus Christi Airbnb Investor Guide for a deeper dive into our analysis of this short-term rental market or visit Corpus Christi Rental Regulations to explore the Airbnb laws and regulations.
3. Crystal Beach, Texas
Crystal Beach, TX, is known for its serene coastal environment, perfect for a relaxing getaway.
Crystal Beach has experienced a decline in home values by -6.60%, with the average price at $431,315. The ADR is $309.00, with an occupancy rate of 46%, resulting in an annual revenue of $57,736 from 35 active rentals. The gross yield is 11.15%, with a cap rate of 6.69%.
For a deeper dive into Crystal Beach’s investment potential, explore the Crystal Beach Airbnb Investor Guide and Crystal Beach Rental Regulations.
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4. Charleston, South Carolina
Charleston, SC, known for its rich history, well-preserved architecture, and vibrant culinary scene, is a top coastal destination in the southern United States.
Charleston has seen a notable increase in home values by 5.00%, with the average price reaching $350,000. With an ADR of $250.00 and an occupancy rate of 60%, the annual revenue is $54,750 from 2,000 active rentals. The gross yield is 10.86%, and the cap rate is 6.00%.
To delve deeper into Charleston’s investment potential, check out Chalet Intel. Our platform offers comprehensive data and tools for making informed investment decisions.
5. Surfside Beach, South Carolina
Surfside Beach, SC, known for its family-friendly atmosphere and pristine beaches, is a popular destination for tourists looking for a quieter coastal retreat.
Surfside Beach has experienced a stable increase in home values, with the average price now at $275,000. This market boasts an ADR of $225.00 and an occupancy rate of 55%, translating to an annual revenue of $45,045 from 700 active rentals. The gross yield here is 10.82%, with a cap rate of 6.20%.
Discover more about investing in Surfside Beach through the Surfside Beach Airbnb Investor Guide and Surfside Beach Rental Regulations.
6. North Myrtle Beach, South Carolina
North Myrtle Beach, SC, offers a vibrant beachfront experience with a variety of entertainment options, from live music venues to golf courses.
North Myrtle Beach has seen a modest increase in home values, with the average price reaching $300,000. With an ADR of $240.00 and an occupancy rate of 60%, the annual revenue is $52,560 from 900 active rentals. The gross yield is 9.24%, and the cap rate is 5.50%.
For more comprehensive insights into North Myrtle Beach as a rental market, explore the free North Myrtle Beach Airbnb Investor Guide and North Myrtle Beach Rental Regulations.
Each of these coastal markets offers unique opportunities for short-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.
