With all of the responsibilities of the holidays I often find myself needing a vacation from my holiday vacation. Which is why I love the idea of having a winter vacation property to retreat to after the New Year. Now, if you’re like me,having a house you visit only once a year may seem like an unattainable luxury but purchasing a rental property in a winter vacation destination could actually be a wise investment. Especially when you want a place that offers a fun-filled family adventure!
The key to finding an amazing rental property isn’t just knowing the best locations, it’s knowing what locations are up and coming. I discovered a new report from the vacation rental pros at Vacasa that has confirmed something that I’ve believed about the Pagosa Springs, CO winter rental market for a long time.
It’s primed to explode.
Vacasa applied their prodigious data analysis skills to the copious amounts of data they have on vacation rental markets around the country and pin pointed the Top 10 best places to buy a winter vacation home right now.
Winter month occupancy in winter vacation destinations are up almost 25% year over year since 2016.That means that winter vacation destinations are a real trend. But there’s more to finding a truly lucrative vacation property than proximity to skiing and snowboarding.
Vacasa’s Winter Vacation Report identifies the markets with the highest average occupancy increases in the winter months and chose the ones with the best one-year return on investment.
Pagosa Springs, CO was #7 on the list.
Here’s a little more detail on why Pagosa Springs, CO made the list:
Pagosa Springs, CO‘s Stats:
Median Annual Rental Revenue: $21,720
Median Home Price: $287,500
One-Year Return Rate: 4.6%
As you can see, Pagosa Springs, CO’slow median home price and relatively high amount of annual rental revenue offers a very competitive one-year return rate. It’s considered one of the best-kept secrets with it’s devoted skiing enthusiasts willing to travel a little longer for top notch skiing and shorter lift lines.
You can check out the report here. So if you’re in the market for a winter vacation home, Vacasa has the information you need to help you get into Pagaso Springs, CO.