The Eastern United States offers a diverse range of opportunities for mid-term rental investors, from bustling cities to charming coastal towns. This region, rich in history and cultural landmarks, attracts a wide array of visitors year-round, making it an ideal area for investment in mid-term rental properties.
In this guide, we highlight the top mid-term rental markets in the East, focusing on factors such as median gross yield, home value trends, and rental income potential. By examining these key metrics, we provide investors with valuable insights to help them make informed decisions and maximize their returns in this vibrant region.
Our advanced tool, Chalet Intel, offers in-depth insights and strategies tailored for investors at all levels. It includes a robust calculator, regulation summaries, and extensive data on both short-term and mid-term rentals. Links for each market are provided for detailed individual analysis.
1. Atlantic City, New Jersey
Atlantic City, NJ, known for its iconic boardwalk and vibrant casino scene, attracts visitors looking for entertainment and relaxation.
Atlantic City has experienced a notable increase in home values by 15.7%, with the average home price now at $199,019. The median annual revenue is $22,000, with a monthly rate of $2,000. With 695 full-time listings and a property tax rate of 2.86%, the gross yield is 11.05%.
For more comprehensive insights into Atlantic City as a rental market, explore the Atlantic City Airbnb Investor Guide and Atlantic City Rental Regulations.
2. Augusta, Georgia
Augusta, GA, famous for hosting the Masters Golf Tournament, offers a mix of cultural and recreational attractions that draw visitors year-round.
Augusta has seen a moderate increase in home values by 3.1%, with the average home price now at $168,286. The median annual revenue is $17,600, with a monthly rate of $1,600. With 526 full-time listings and a property tax rate of 1.01%, the gross yield is 10.46%.
For more insights into Augusta as a rental market, explore the Augusta Airbnb Investor Guide and Augusta Rental Regulations.
