Last updated: October 2024
The allure of hiking and the beauty of natural parks draw millions of visitors each year. For mid-term rental investors, properties located near these outdoor havens present a unique opportunity to capitalize on consistent demand. This guide focuses on the best mid-term rental markets known for their proximity to hiking trails and natural parks, where nature enthusiasts and adventurers alike flock year-round.
We have analyzed the top markets that offer not only breathtaking landscapes but also solid financial returns for investors. These destinations are ideal for those looking to invest in mid-term rentals while tapping into the thriving eco-tourism and outdoor recreation sectors.
Our advanced tool, Chalet Intel, provides comprehensive 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. 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 $412,875. The median annual revenue is $34,325, with a monthly rate of $3,000. With 1,323 full-time listings and a property tax rate of 0.85%, the gross yield is 7.13%.
Discover more about investing in Joshua Tree through the Joshua Tree Airbnb Investor Guide and Joshua Tree Rental Regulations.
2. Tucson, Arizona
Tucson, AZ, known for its rich cultural heritage and vibrant arts scene, is also home to the University of Arizona.
Tucson has seen a slight increase in home values by 2.1%, with the average price reaching $282,573. The median annual revenue is $25,335, with a monthly rate of $2,000. With 1,320 full-time listings and a property tax rate of 0.90%, the gross yield is 6.39%.
Discover more about investing in Tucson through the Tucson Airbnb Investor Guide and Tucson Rental Regulations.
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3. Broken Bow, Oklahoma
Broken Bow, OK, is known for its picturesque Broken Bow Lake and Beavers Bend State Park, offering a wealth of outdoor activities.
Broken Bow has seen a 2.8% increase in home values, with the average price now at $349,013. The median annual revenue is $25,000, with a monthly rate of $2,500. With 600 full-time listings and a property tax rate of 0.68%, the gross yield is 6.12%.
For more insights into Broken Bow as a rental market, explore the Broken Bow Airbnb Investor Guide and Broken Bow Rental Regulations.
4. Phoenix, Arizona
Phoenix, AZ, the capital city, offers a mix of urban attractions and outdoor activities, including hiking in the nearby mountains.
Phoenix has seen a 3.0% increase in home values, with the average price reaching $350,000. The median annual revenue is $25,000, with a monthly rate of $2,500. With 1,210 full-time listings and a property tax rate of 0.72%, the gross yield is 6.00%.
For more insights into Phoenix as a rental market, explore the Phoenix Airbnb Investor Guide and Phoenix Rental Regulations.
5. Sevierville, Tennessee
Sevierville, TN, is known for its proximity to the Great Smoky Mountains National Park and its variety of outdoor activities.
Sevierville has seen a 3.7% increase in home values, with the average price now at $350,000. The median annual revenue is $25,000, with a monthly rate of $2,500. With 1,196 full-time listings and a property tax rate of 0.69%, the gross yield is 5.95%.
For more comprehensive insights into Sevierville as a rental market, explore the Sevierville Airbnb Investor Guide and Sevierville Rental Regulations.
6. Charlotte, North Carolina
Charlotte, NC, offers a vibrant urban experience with easy access to nearby natural parks and hiking trails.
Charlotte has seen a 6.2% increase in home values, with the average price reaching $350,000. The median annual revenue is $25,000, with a monthly rate of $2,500. With 1,117 full-time listings and a property tax rate of 0.80%, the gross yield is 5.62%.
For more insights into Charlotte as a rental market, explore the Charlotte Airbnb Investor Guide and Charlotte Rental Regulations.
Each of these markets offers unique opportunities for mid-term rental investors, combining strong financial metrics with appealing outdoor attractions. For a comprehensive overview, including detailed analyses, calculators, and regulation insights, make sure to explore our latest tool, Chalet Intel.
