Ever wondered which locations are best for buying a vacation rental? Each month we’ll be featuring an area with solid vacation rental potential. This month’s booming market? Branson, Missouri.
Branson, which is known for its theme parks, live shows, museums and specialty shops, is becoming an increasingly popular destination for family fun. This Ozark getaway also attracts nature-lovers who enjoy having access to hundreds of miles of hiking trails, scenic views, and beautiful Midwestern lakes.
The tourist season, which spans from March to December, is much longer than many markets. Nine to ten months of bookable dates means there’s immense potential for high occupancy rates.
The best part about owning a vacation rental in Branson is the great ROI. The median home price is around $148,000 and the average rental pulls in about $25,000, making this market an affordable option with a sensible rate of return.
Branson offers vacation rental inventory that includes homes, cabins, town homes, and condos. The wide variety of options offers opportunities for success at many different price points.
Some property features that lead to success in the area are hot tubs, decks, scenic views and proximity to area attractions (Silver Dollar City, the Shows District, theme parks, and Table Rock Lake).
Another benefit to buying in Branson is that there are very few vacation rental restrictions in the area. There are some restrictions outside of the city, but for the most part, the area is quite accepting of short-term rentals.