Investing in mid-term rental properties requires careful consideration of market supply and performance metrics. This analysis focuses on the top-performing markets with more than 500 full-time listings and high median gross yields. By identifying these markets, we provide investors with valuable insights into areas with robust rental supply and attractive financial returns.
Our guide highlights the best mid-term rental markets based on supply and yield, offering a comprehensive overview of key factors such as rental income, occupancy rates, and local attractions. By leveraging this data, investors can make informed decisions and optimize their rental investments.
Our advanced tool, Chalet Intel, delivers in-depth insights and strategies tailored for investors at all levels. It includes a robust calculator, regulation summaries, and extensive data for each discussed market. Our dashboard offers comprehensive data on both short-term and mid-term rentals, enabling you to make well-informed decisions. Links for each market are available for detailed individual analysis.
1. Detroit, Michigan
Detroit, MI, known for its rich history and revitalized downtown, offers a vibrant cultural scene and numerous attractions.
Detroit has seen a 4.1% increase in home values, with the average home price now at $102,929. The median annual revenue is $19,500, with a monthly rate of $1,625. With 1,008 full-time listings and a property tax rate of 1.72%, the gross yield is 18.94%.
For more comprehensive insights into Detroit as a rental market, explore the Detroit Airbnb Investor Guide and Detroit Rental Regulations.
2. Cleveland, Ohio
Cleveland, OH, known for its thriving arts scene and major sports teams, is an attractive market for mid-term rental investors.
Cleveland has seen a 4.2% increase in home values, with the average home price now at $123,384. The median annual revenue is $20,500, with a monthly rate of $1,708. With 945 full-time listings and a property tax rate of 1.94%, the gross yield is 16.62%.
For more insights into Cleveland as a rental market, explore the Cleveland Airbnb Investor Guide and Cleveland Rental Regulations.
