Texas couple finds their dream beach home in Galveston, Texas
With the help of Cheryl Casone, Wendy and Scooter find their dream home beach after a long search on ‘American Dream Home’.
Buyer demand for second homes spiked at the start of 2022 from pre-pandemic levels, according to a recent report from Redfin.
RENTAL AND HOME PRICES EXPECTED TO RISE EVEN MORE THIS YEAR, FORCING SOME TO PACK UP AND MOVE
The interest in second homes jumped in mid-2020, according to Redfin, in part due to the increase in remote work and low mortgage rates.
One of the more popular and profitable markets in the U.S. for second home purchases is beach properties, according to vacation rental management platform Vacasa.
To find the best destinations in the United States to purchase a beach house, Vacasa conducted a report ranking the most profitable beach markets. It examined the top waterfront vacation rental destinations based on average cap rate or yearly rate of return, as well as destinations where vacation rental buyers can earn more.
WHAT TO KNOW ABOUT VACATION LOANS
"While beach destinations will nearly always draw in a steady stream of guests, buyers can also earn more on homes with the amenities that guests seek most—beachfront or beach adjacent, a private pool or hot tub and being pet-friendly," Daned Kirkham, Vacasa's senior director of real estate, said.
Here are the 10 most profitable beach markets to buy a beach home in 2022: