Upstate NY Region Top 10 in US to Purchase a Cabin in the Woods
A new survey is out and if you are thinking about buying an investment property then look no further than Upstate New York. This beautiful region of the Adirondacks is the perfect setting to have your own cabin in the woods.
What Were the Criteria For This Survey
A company called Evolve which works closely with Airbnb did an in-depth study in which they took into consideration the vacation rental performance of cabins across the country. They found out which areas had higher rates of bookings. Home value was also a factor and how much the properties were listed for through Zillow. Yearly expenses to run the cabin vacation property were also calculated.
Which Upstate New York Area Finished in the Top 10?
The Lake George region came in at #6 on this list. With its proximity to major cities and not too far from New York City, it is a popular destination year-round. The Adirondacks allow for a beautiful setting along with gorgeous lakefront property and ski mountains nearby. The freshwater lakes, boating, dock front, swimming, and other activities make the area desirable.
The survey also cited the surrounding areas of Warrensburg and Lake Luzerne as thriving markets for cabin rentals.
What Other US Cities Made The List?
The survey listed twelve regions that were the best places to own a cabin rental. Coming in at #1 was Gatlinburg, Tennessee, and rounding out the list at #12 was Grand Lake, Colorado. Dover, Vermont landed on the list at #10 and isn't too far from the Lake George region. This area has Mt. Snow to utilize in the winter months.