Introduction
When it comes to finding the perfect vacation spot, Angel Fire, New Mexico, offers a unique blend of natural beauty, outdoor activities, and a thriving short-term rental market. Whether you’re searching for an Airbnb, short-term rental, or vacation rental, Angel Fire has it all. In this comprehensive guide, we’ll delve into the details of Angel Fire’s short-term rental market and provide valuable insights for both travelers and potential property investors.
Angel Fire Real Estate Overview
Before diving into the specifics of the short-term rental market, let’s take a look at the current state of real estate in Angel Fire.
Home Values and Appreciation
According to Zillow, Angel Fire’s median home value stands at an impressive $471,975. Even more interesting is the fact that homes in the area have depreciated by only 2.90%. This steady appreciation makes it an attractive destination for real estate investors.
Property Taxes
If you’re considering purchasing a property for short-term rental purposes, it’s crucial to understand the associated property taxes. In Angel Fire, the average property tax rate is 0.86%, a factor to consider when evaluating potential returns on investment.
Short-Term Rental Market
Now, let’s shift our focus to the thriving short-term rental market in Angel Fire.
Rental Supply and Demand
Chalet data reveals that there are currently 1,030 active short-term rentals in Angel Fire. This robust supply caters to the demand generated by the town’s popularity among tourists and outdoor enthusiasts.
Rental Performance
The average daily rate for short-term rentals in Angel Fire is $379.30, with an occupancy rate of 44%. This translates to an impressive annual revenue of $48,900 for property owners. The average gross yield stands at an attractive 10.36%, making it a lucrative market for potential investors.
