4. Gatlinburg, Tennessee

Gatlinburg, TN, is a popular gateway to the Great Smoky Mountains National Park, known for its vibrant tourism industry and beautiful mountain scenery.

Gatlinburg has seen a slight increase in home values by 2.50%, with the average price at $450,000. The market thrives with an ADR of $275.00 and an occupancy rate of 60%, leading to an annual revenue of $58,800 from 800 active rentals. The gross yield here is 9.97%, with a cap rate of 6.50%.

For more insights into Gatlinburg as a rental market, explore Chalet Intel. Our platform provides detailed data and investment guidance.

5. Traverse City, Michigan

Traverse City, MI, offers a mix of stunning lakeside views, vibrant local culture, and access to the nearby Sleeping Bear Dunes National Lakeshore.

Traverse City has seen a stable increase in home values, with the average price reaching $400,000. With an ADR of $200.00 and an occupancy rate of 50%, the annual revenue is $36,500 from 650 active rentals. The gross yield is 9.76%, and the cap rate is 6.00%.

Explore more about investing in Traverse City through the Traverse City Airbnb Investor Guide and Traverse City Rental Regulations.

6. Santa Fe, New Mexico

Santa Fe, NM, offers a rich blend of Native American and Spanish cultures, with numerous attractions including Bandelier National Monument and the Sangre de Cristo Mountains.

Santa Fe has seen a moderate increase in home values by 3.70%, with the average price reaching $566,125. With an ADR of $208.00 and an occupancy rate of 70%, the annual revenue is $53,809 from 1,937 active rentals. The gross yield is 7.92%, and the cap rate is 4.75%.

For further details on this market, explore the free Santa Fe Airbnb Investor Guide and Santa Fe Rental Regulations.

Each of these markets in the mountains offers unique opportunities for short-term rental investors, combining strong financial metrics with appealing tourist attractions. For a comprehensive overview, including detailed analyses, calculators, and regulation insights, make sure to explore our latest tool, Chalet Intel.