Last updated: October 2024
The Poconos, renowned for its picturesque landscapes and serene environment, has become a prime destination for mid-term rental investors. This region, located in Pennsylvania, is famous for its stunning lakes, mountains, and year-round recreational activities.
This guide highlights the top mid-term rental markets in the Poconos, focusing on key metrics such as median gross yield, home value trends, and rental income potential. By analyzing these factors, we provide valuable insights to help investors make informed decisions and maximize their returns in this scenic region.
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 on both short-term and mid-term rentals. Links for each market are provided for detailed individual analysis.
1. East Stroudsburg, Pennsylvania
East Stroudsburg, PA, is known for its charming town and proximity to numerous outdoor recreational activities, making it a top destination for tourists seeking both relaxation and adventure.
East Stroudsburg has experienced a notable increase in home values, with the average home price now at $300,000. The median annual revenue is $25,000, with a monthly rate of $2,083. With 150 full-time listings and a property tax rate of 1.50%, the gross yield is 8.33%.
For more comprehensive insights into East Stroudsburg as a rental market, explore the East Stroudsburg Airbnb Investor Guide and East Stroudsburg Rental Regulations.
2. Lake Harmony, Pennsylvania
Lake Harmony, PA, is known for its scenic beauty and outdoor activities, attracting visitors looking for a tranquil retreat and a variety of water-based recreational activities.
Lake Harmony has seen a notable increase in home values, with the average home price now at $350,000. The median annual revenue is $28,000, with a monthly rate of $2,333. With 100 full-time listings and a property tax rate of 1.40%, the gross yield is 8.00%.
For more insights into Lake Harmony as a rental market, explore the Lake Harmony Airbnb Investor Guide and Lake Harmony Rental Regulations.
Top 200 Airbnb Rental Markets
Instantly compare top 200 short-term (Airbnb) rental markets in the US
The Poconos region is a popular destination due to its diverse attractions and activities that cater to all types of travelers. Visitors can explore the stunning landscapes through hiking, fishing, and boating in the summer, or skiing and snowboarding in the winter. Major attractions include the Delaware Water Gap National Recreation Area, Bushkill Falls, and the Camelback Mountain Resort. The Poconos is also home to numerous charming small towns, historical sites, and vibrant cultural events, making it an appealing location for both relaxation and adventure.
Each of these markets in the Poconos offers unique opportunities for mid-term rental investors, combining strong financial metrics with attractive tourist destinations. For a comprehensive overview, including detailed analyses, calculators, and regulation insights, make sure to explore our latest tool, Chalet Intel.
Interested in Understanding Mid-Term Rentals?
If you’re new to mid-term rentals or looking to deepen your understanding, we have published multiple articles on our website, however here are some frequently asked questions:
How long is a short-term lease?
A short-term lease typically lasts for less than six months, with many lasting only a few weeks to a couple of months.
Can you rent an Airbnb for a month?
Yes, many Airbnb hosts offer monthly rentals, often at a discounted rate compared to nightly rates. This can be a great option for extended stays.
What is MTR in real estate?
MTR stands for Mid-Term Rental, which typically refers to rental agreements that last between one to six months, offering more flexibility than long-term leases.
What is a mid-term rental?
A mid-term rental is a type of property rental that caters to tenants looking for accommodation for one to six months or even a year. These rentals are popular among professionals on temporary assignments, travelers, and people relocating who need temporary housing. For example travelling nurses, military personal, remote workers.
