The Best Touristy Towns To Own Rental Property

Imagine owning a rental property that generates a constant stream of passive income because it’s in so much demand with tourists. This can become your reality if you decide to buy property in a town that offers popular local attractions, such as adventurous theme parks, plentiful wineries or majestic mountains.

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If you want to invest in a rental property, the next step is to find the most worthwhile places to buy. To determine the best touristy towns to own rental property, GOBankingRates used U.S. News & World Report’s “Best Places to Visit in the USA” rankings, “Best Family Vacations in the USA” and “Best Romantic Getaways” to create a list of 47 top vacation destinations in the U.S. These touristy towns then were analyzed in terms of median monthly rental revenue and average daily rental rate for properties in each place, sourced from AirDNA. The ranking was developed based on cumulative scores.

With growing platforms such as Airbnb and Vrbo, it’s easier than ever to find renters for your properties. Overall, there are plenty of U.S. cities where you can own a lucrative investment property.

Last updated: June 24, 2021

• Attraction(s): Coligny Beach Park, Driessen Beach Park, approximately 25 championship golf courses
• Median monthly rental revenue: $3,282
• Average daily rental rate: $233

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• Attraction(s): Fort Sumter and Fort Moultrie National Historical Park, Aiken-Rhett House Museum, The Battery
• Median monthly rental revenue: $3,263
• Average daily rental rate: $235

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• Attraction(s): Ocean City Boardwalk
• Median monthly rental revenue: $3,200
• Average daily rental rate: $249

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• Attraction(s): Uptown Sedona, Red Rock State Park, Chapel of the Holy Cross, Bell Rock
• Median monthly rental revenue: $3,920
• Average daily rental rate: $239

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• Attraction(s): Great Smoky Mountains National Park, Ober Gatlinburg, Ripley’s Aquarium of the Smokies, Dollywood
• Median monthly rental revenue: $4,249
• Average daily rental rate: $232

• Attraction(s): Maui, Wai’anapanapa State Park
• Median monthly rental revenue: $3,263
• Average daily rental rate: $285

• Attraction(s): Acadia National Park
• Median monthly rental revenue: $3,750
• Average daily rental rate: $263

• Attraction(s): Henderson Beach State Park, Destin Harbor Boardwalk, Crab Island, Big Kahuna’s Water and Adventure Park
• Median monthly rental revenue: $3,671
• Average daily rental rate: $271

• Attraction(s): Yellowstone National Park
• Median monthly rental revenue: $3,158
• Average daily rental rate: $298

• Attraction(s): Bowman’s Beach, Captiva Island
• Median monthly rental revenue: $3,504
• Average daily rental rate: $284

• Attraction(s): Wineries, Napa Valley Wine Train, Russian River
• Median monthly rental revenue: $3,200
• Average daily rental rate: $303

• Attraction(s): Lanai Island, Puu Pehe overlook, beaches
• Median monthly rental revenue: $4,100
• Average daily rental rate: $309

• Attraction(s): Yampa Valley, Yampa River Core Trail, Strawberry Park Hot Springs, Old Town Hot Springs
• Median monthly rental revenue: $3,636
• Average daily rental rate: $362

• Attraction(s): Florida Keys, Duval Street, Ernest Hemingway Home and Museum, abundant fishing
• Median monthly rental revenue: $4,855
• Average daily rental rate: $350

• Attraction(s): Lake Tahoe, ski resorts
• Median monthly rental revenue: $5,464
• Average daily rental rate: $365

• Attraction(s): Glacier National Park
• Median monthly rental revenue: $5,711
• Average daily rental rate: $355

• Attraction(s): Zion National Park, the Narrows
• Median monthly rental revenue: $6,605
• Average daily rental rate: $328

• Attraction(s): Jackson Hole, Grand Teton National Park, Teton Village
• Median monthly rental revenue: $5,127
• Average daily rental rate: $409

• Attraction(s): Cape Cod, beaches, John F. Kennedy Hyannis Museum
• Median monthly rental revenue: $5,117
• Average daily rental rate: $427

• Attraction(s): 425-plus wineries, Taylor Mountain Regional Park and Open Space Preserve
• Median monthly rental revenue: $5,473
• Average daily rental rate: $480

• Attraction(s): Martha’s Vineyard, Edgartown Lighthouse, Oak Bluffs
• Median monthly rental revenue: $5,283
• Average daily rental rate: $529

• Attraction(s): Rocky Mountains, ski resorts, film festival
• Median monthly rental revenue: $6,100
• Average daily rental rate: $512

• Attraction(s): Ski resorts, Maroon Bells, Independence Pass
• Median monthly rental revenue: $5,200
• Average daily rental rate: $581

• Attraction(s): Kauai, Kōke’e State Park, Wailua River State Park
• Median monthly rental revenue: $6,190
• Average daily rental rate: $699

• Attraction(s): U.S. Highway 1, a designated American National Scenic Byway through the area; Julia Pfeiffer Burns State Park; Pfeiffer and Sand Dollar beaches
• Median monthly rental revenue: $18,000
• Average daily rental rate: $957

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Sophia Zolan contributed to the reporting for this article. 

Methodology: GOBankingRates determined the best touristy towns to own rental property by using U.S. News & World Report’s “Best Places to Visit in the USA” rankings, “Best Family Vacations in the USA” and “Best Romantic Getaways” to create a list of 47 top vacation destinations in the U.S. These touristy towns then were analyzed in terms of median annual rental revenue and average daily rental rate for properties in each place, sourced from AirDNA. These two factors were then scored and all 47 places were ranked against each other based on their cumulative score. All data was collected on and up to date as of March 30, 2021.