Pennsylvania City One Of Best Lake House Buying Destinations
Looking for a dreamy lake house? Well, location is everything! Whether you’re after a summer getaway, a rental property, or a new home, where you decide to snag your slice of lakeside paradise can make a world of difference. From stunning views to convenient amenities, the right location sets the tone for your ultimate lakeside experience.
Evolve, a vacation rental company set out to assist buyers in finding their ideal lake house. According to their site, there are 480,000 lakes dotting the U.S. mainland. And knowing the prime areas for investment becomes crucial. That’s why their team did their homework and compiled the best places to buy a lake house.
They considered Zillow’s median home values for 2022, dived into vacation rental performance metrics in lakeside towns nationwide to gauge higher median revenue from bookings, and estimated the yearly expenses required to operate a vacation rental (approximately 30% of total revenue) to determine the cap rate. With that data, they determined their top 12 choices for aspiring lake house buyers.
This Pennsylvania town is one of the best places to buy a lake house.
Among the breathtaking destinations featured on Evolve’s list, including Norris Lake in Tennessee and Lake Havasu City in Arizona. With a standout in Pennsylvania. Pocono Lake, a place that’s got it all for nature lovers, honeymooners, and families, has secured its spot at number 7 on the top 12 list. This gem of a destination offers something for everyone, no matter the season.
The vacation rental company pointed out a few factors other than its location, making it a great place to invest. According to their analysis, Pocono Lake offers year-round fun. With a selection of freshwater lakes, hiking trails best explored in autumn, and nearby ski resorts. The write-up suggests that you can keep your vacation rental booked all year long, which means maximizing those sweet annual profits.
Pocono Lake is a budget-friendly market.
On top of that, they compared Pocono Lake to other awesome spots for buying a lake house. Pocono Lake is a budget-friendly market with median prices below $275,000. However, HOA regulations can be a bit of a buzzkill in this area. Don’t worry, though, the vacation rental company suggests teaming up with local agents who know the ropes and can help you navigate those rules like a pro.
Take a look at the complete lineup if “Best Places to Buy a Lakehouse” here.
