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
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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