To determine which areas were the best, the site analyzed the annual rental revenue and average daily rental rate (collected from short-term vacation rental data and analytics provider AirDNA) across 50 cities and destinations pulled from US News & World Report's Best USA Vacation rankings.
The annual rental revenue reflects the total nightly rate and cleaning fees earned over the past year, but excludes taxes, guest fees, and service fees.
The average daily rental rate includes the average nightly rate and cleaning fees over the past year.
From a night out under the gleaming lights of New York City to long weekends at Disneyland, America's most heavily touristed places rarely see an off-season.
On Friday, GoBankingRates released its 2019 ranking of the country's most in-demand touristy destinations that are great for owning rental property. These busy markets can create a stream of steady passive income for owners, and investment properties can also serve as great winter or summer homes on the side.
And, as the ranking notes, with booking platforms like Airbnb shaking up the home rental market, there has never been an easier time to rent out property to vacationers and cash in on the booming travel industry.
Ranging from the rugged mountain ranges of northern California to tropical islands off the coast of southern Florida, here are the 25 best tourist destinations across the US for rental property investments.
Note: All annual rental revenue and rental rate figures are sourced from short-term vacation rental data and analytics provider AirDNA via GoBankingRates' methodology. Each area's (or surrounding county's) median price of homes currently listed for sale is sourced from Zillow.
25. Adirondack, New York
AP Images/Mary Esch
Annual Rental Revenue: $3,099
Average Daily Rental Rate: $228
The Median Price of Homes Currently Listed in Warren County: $269,250
24. San Diego, California
Shutterstock
Annual Rental Revenue: $3,375
Average Daily Rental Rate: $211
The Median Price of Homes Currently Listed in San Diego: $699,000
23. Gatlinburg, Tennessee
Sean Pavone/Shutterstock
Annual Rental Revenue: $3,700
Average Daily Rental Rate: $215
The Median Price of Homes Currently Listed in Gatlinburg, Tennessee: $289,999
22. Charleston, South Carolina
Sean Pavone/Shutterstock
Annual Rental Revenue: $3,365
Average Daily Rental Rate: $236
The Median Price of Homes Currently Listed in Charleston, South Carolina:$379,900
21. Sanibel Island, Florida
Shutterstock/holbox
Annual Rental Revenue: $3,740
Average Daily Rental Rate: $250
The Median Price of Homes Currently Listed in Sanibel: $799,000
20. San Francisco, California
IM_photo/Shutterstock
Annual Rental Revenue: $3,958
Average Daily Rental Rate: $238
The Median Price of Homes Currently Listed in San Francisco, California: $1,295,000
19. Boston, Massachusetts
Galiptynutz/Shutterstock
Annual Rental Revenue: $4,204
Average Daily Rental Rate: $240
The Median Price of Homes Currently Listed in Boston, Massachusetts: $749,000
