The Best Places to Buy a Beach House this Year
If you’re looking to buy your own personal vacation escape, you might want to consider North Carolina, according to one report.
According to the report, Cape Hatteras, North Carolina, was the best place for beach house buyers. The area has a cap rate of 8.6% and a median home sale price of $379,248, Vacasa found.
For its report, Vacasa looked at home sales data around U.S. vacation destinations over the last year. The company then compared that information to performance data for U.S. vacation rental properties, according to the methodology.
Last month, the New York Times reported that the demand for second homes skyrocketed during the pandemic, even surpassing the demand for primary homes between January 2020 and January 2021.
If you’re one of those people looking for a second home and you’re curious where to look, here are the top 10 best places to buy a beach house this year, according to Vacasa.
1. Cape Hatteras, North Carolina
Cap Rate: 8.6%
Median Home Sale Price: $379,248
2. Ocean Shores, Washington
Median Home Sale Price: $250,255
Median Home Sale Price: $289,623
4. New Buffalo, Michigan
Median Home Sale Price: $319,306
5. Corolla, North Carolina
Median Home Sale Price: $560,599
6. Kauai South, Hawaii
7. Isle of Palms, South Carolina
Median Home Sale Price: $708,920
8. Wailea, Hawaii
Cap Rate: 5.6%
Median Home Sale Price: $885,086
9. South Kohala, Hawaii
Median Home Sale Price: $639,908
Median Home Sale Price: $299,354