In keeping with a brand new report by Vacasa, a trip rental administration firm, Gulf Shores is among the greatest spots to purchase a trip house. Learn on to search out out why it made the record and what different high spots are inside a two-hour drive of Gulf Shores.
3 of the highest 6 cities—together with Gulf Shores—inside a 2 hour drive
For 5 years, Vacasa has been publishing an annual report on the High 25 Greatest Locations to Purchase a Trip Residence. Primarily based on market knowledge and capitalization (cap) charges, Alabama landed the #6 spot this 12 months with a cap fee of 6.09%. This quantity displays fee of return on funding.
Listed here are another good-to-know details concerning the Gulf Shores market, in keeping with Vacasa.
- Condominium items comprise 85% of trip houses
- Summer season is excessive season (unsurprisingly)
- Median house sale worth is $475,000
- Annual gross rental income is $48,169
Only a couple hours away from Gulf Shores are the cities of Okaloosa Island and Navarre, each in Florida. These two made #2 and #5 on the record, respectively. Seems just like the Alabama/Florida Gulf Coast is dense with nice trip rental markets.
Extra causes to like Gulf Shores
Vacasa lovingly described Gulf Shores within the report, saying:
“Small seaside city vibes and Southern hospitality. This underrated coastal metropolis is gaining recognition amongst vacationers as a substitute for jam-packed Florida panhandle shores.”
High 25 Greatest Locations to Purchase a Trip Residence, Vacasa
We couldn’t agree extra. Gulf Shores, with its attractive seashores and unforgettable points of interest, is certainly one of Alabama’s many gems. Listed here are a few of our favourite spots to take a look at:
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