Bill Satre | Brainerd Area News | General

Brainerd in Tops To Buy Lakes Homes in the US


Brainerd in the Tops To Buy Lakes Homes in the US

Placing only behind Branson, MO and Saranac Lake, NY, The Brainerd Lakes Area is #3 on CNBC’s list of top 10 places in the US to buy a lake home. The statistics to support this look at vacation rental performance as well as home values.

Buying a lake house can be a great investment, whether as a first home, a vacation house, or a potential rental property.

Evolve, a vacation rental company, released their ranking of the best places to buy a lake house in 2023. The company used the following metrics:

  • vacation rental performance metrics for lake towns across the U.S.
  • Zillow’s 2022 median home value
  • estimated yearly expenses to run a vacation rental
Louis Olds, the director of real estate at Evolve, told CNBC Make It that aside from using the criteria above to find the best places, the company also looked at the atmosphere of the locations to make sure guests can relax, enjoy themselves and maybe even have a stunning view.

Brainerd Lakes, Minnesota came in third on the list. According to Evolve, homes that can bring in the biggest profits in the area are lakefront cabins.

It has a median rental revenue of $27,043, with a median listing price of $346,333 and an example cap rate of 5.5%.

According to Evolve, the area has some of the most scenic lakes, pristine public beaches, top-rated golf courses, and excellent ice fishing.

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