Last updated: October 2024
Investing in mid-term rental properties can be highly profitable, especially in markets with strong annual revenue. This guide highlights the top mid-term rental markets where investors can expect to earn a median annual revenue of over $25,000. By focusing on gross yield, these markets present lucrative opportunities for maximizing returns.
Our analysis focuses on key metrics to help investors identify the most promising markets. From vibrant urban centers to charming towns, these locations offer the potential for significant income through mid-term rentals.
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. Island Park, Idaho
Island Park, ID, known for its stunning natural landscapes and outdoor recreational opportunities, is a top destination for mid-term rentals.
Island Park has seen a moderate increase in home values, with the average home price now at $792,062. The median annual revenue is $35,100, with a monthly rate of $3,190. With 516 full-time listings and a property tax rate of 0.61%, the gross yield is 4.43%.
For more comprehensive insights into Island Park as a rental market, explore the Island Park Airbnb Investor Guide and Island Park Rental Regulations.
2. Chicago, Illinois
Chicago, IL, known for its iconic skyline and vibrant cultural scene, offers a dynamic environment for mid-term rental investments.
Chicago has seen a moderate increase in home values, with the average home price now at $309,475. The median annual revenue is $26,400, with a monthly rate of $2,400. With 1,145 full-time listings and a property tax rate of 1.96%, the gross yield is 8.53%.
For more insights into Chicago as a rental market, explore the Chicago Airbnb Investor Guide and Chicago Rental Regulations.
Top 200 Airbnb Rental Markets
Use our Airbnb comparison tool to instantly compare the top 200 short-term (Airbnb) rental markets in the US
3. North Charleston, South Carolina
North Charleston, SC, offers a blend of historical charm and modern amenities, making it a popular choice for mid-term rentals.
North Charleston has seen a slight increase in home values, with the average home price now at $407,250. The median annual revenue is $27,830, with a monthly rate of $2,530. With 681 full-time listings and a property tax rate of 0.49%, the gross yield is 6.83%.
Discover more about investing in North Charleston through the North Charleston Airbnb Investor Guide and North Charleston Rental Regulations.
4. Jacksonville, Florida
Jacksonville, FL, known for its extensive park system and beautiful beaches, is an attractive market for mid-term rental investors.
Jacksonville has seen a moderate increase in home values, with the average home price now at $387,540. The median annual revenue is $27,000, with a monthly rate of $2,400. With 556 full-time listings and a property tax rate of 0.92%, the gross yield is 6.97%.
For more insights into Jacksonville as a rental market, explore the Jacksonville Airbnb Investor Guide and Jacksonville Rental Regulations.
5. Dallas, Texas
Dallas, TX, known for its booming economy and diverse cultural offerings, is a thriving market for mid-term rentals.
Dallas has seen a moderate increase in home values, with the average home price now at $350,000. The median annual revenue is $26,400, with a monthly rate of $2,400. With 899 full-time listings and a property tax rate of 1.77%, the gross yield is 7.54%.
To delve deeper into Dallas’s investment potential, explore the Dallas Airbnb Investor Guide and Dallas Rental Regulations.
6. Savannah, Georgia
Savannah, GA, known for its historic architecture and charming squares, is a picturesque market for mid-term rentals.
Savannah has seen a stable increase in home values, with the average home price now at $363,750. The median annual revenue is $25,500, with a monthly rate of $2,250. With 742 full-time listings and a property tax rate of 1.00%, the gross yield is 7.01%.
For more comprehensive insights into Savannah as a rental market, explore the Savannah Airbnb Investor Guide and Savannah Rental Regulations.
Each of these markets offers unique opportunities for mid-term rental investors, combining strong financial metrics with appealing attractions and amenities. By focusing on markets with high annual revenue potential, investors can maximize their returns and build a profitable portfolio. For a comprehensive overview, including detailed analyses, calculators, and regulation insights, make sure to explore our latest tool, Chalet Intel.
