Many believe that the is the best coast, but not all of its cities are created equal when it comes to rental properties. If you’re looking to invest in “The Golden State” (or its neighbors), you need to be strategic about where you buy. GOBankingRataes spoke with experts to bring you the top markets for vacation homes in this region.
Here are the 7 best rental markets for vacation homes on the west coast. Earning passive income doesn't need to be difficult. San Diego tops the list for many reasons.
John Stevenson, a retirement and investment expert at , explains why. “San Diego boasts year-round warm weather, beautiful beaches, and numerous attractions like the San Diego Zoo, SeaWorld, and Balboa Park (one of my personal favorites). The city attracts a steady flow of tourists, making it an excellent market for vacation rentals.
” When it comes to rental potential, Stevenson said, “High occupancy rates due to consistent demand and a strong short-term rental market, especially in coastal neighborhoods like La Jolla, Pacific Beach, and Mission Beach, [are a huge benefit]. Little Italy is also a personal favorite of mine and garners big rents for the location.” If you’re looking to get into the luxury market, Santa Barbara is an excellent choice.
Stevenson described it as “known for its Mediterranean climate, stunning coastal views, and vineyards.” It’s also close to Los Angeles, which makes it an excellent option for weekend getaways for wealthy Angelenos. T.