*This post was originally published on the TripAdvisor Vacation Rentals blog. This post has been repurposed for our FlipKey audience.
With more than 720,000 vacation homes available globally, TripAdvisor travelers are a bit spoiled when it comes to affordable accommodations. But believe it or not, there are still some destinations where the rental options are slim.
We’re revealing some of the best places in America to own a home if you’re looking to make extra money.
These 13 areas are amongst those where demand for vacation rentals most exceeds supply – meaning there’s a demand gap to fill and homeowners could benefit from it. Sunny Florida leads the charts with four of the top destinations. Not far behind are the up-and-coming Tennessee and hidden gem Alabama, with two destinations each. Eastern favorites dominate the ranking, with Galveston and Las Vegas representing for the rest of the country.
“If you happen to own property in the below cities, whether as your primary or secondary home, lucky you – homes here enjoy some of the highest traveler demand on TripAdvisor Vacation Rentals,” says Laurel Greatrix, TripAdvisor Vacation Rentals spokesperson.
“This means when you’re not home, either short-term or long-term, you shouldn’t have any trouble finding paying guests,” continues Greatrix. “Average two-bedroom rental rates in these cities vary from around $800 to upwards of $2,000 per week, offering a substantial extra income source to homeowners.”
Check out our step-by-step guide to listing your property to see how easy it is.
The full list is below.
BEST PLACES TO RENT OUT YOUR HOME
Average Weekly Rate
|Destination||1 BR||2 BR||3 BR||4 BR||Traveler Interest|
|Myrtle Beach, SC||$661.62||$762.80||$976.89||$1,264.42||45x|
|Ocean City, MD||$831.67||$1,077.65||$1,440.85||$2,297.38||37x|
|Las Vegas, NV||$1,132.51||$1,170.08||$1,324.39||$1,866.95||30x|
|Gulf Shores, AL||$687.28||$843.94||$1,261.41||$2,115.90||29x|
|Siesta Key, FL||$1,077.21||$1,319.79||$1,805.21||$2,856.24||27x|
|Key Largo, FL||$1,985.02||$2,320.86||$3,102.60||$2,340.64||16x|
|Orange Beach, AL||$767.08||$999.76||$1,435.04||$2,078.61||14x|
Rental rate reflects the average price of a one-week stay in a one-, two-, three-, or four-bedroom home, respectively, and therefore the income potential for homeowners of each. Traveler interest reflects number of booking inquiries to the property listings in that destination compared to the national US average.
List your home for free on TripAdvisor Vacation Rentals and advertise your home on the world’s largest travel site. Your listing will be automatically translated to appear on 26 TripAdvisor sites around the world. And the best part – it’s free.
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