Profitable Taos investment homes lead the US ski town market according to a leading real estate information company. If you’re looking for a profitable real estate investment home, you may want to consider investing in a home in Taos.
RealtyTrac reports profitable Taos investment homes
Citing world class slopes at Taos Ski Valley, Taos was named by RealtyTrac one of 19 top US ski towns for best real estate investment value. Evaluated were
distance from a major airport at Albuquerque Sunport (98 miles)
median list price ($274,496)
gross rental yield (4.91 percent)
rental vacancy rate (8.10 percent)
Taos was also ranked for its “pure awesomeness factor.”
RealtyTrac researched housing and economic data for resort towns. They concluded that while higher prices and maintenance costs can accompany properties near ski resorts, buying a second home or investment property can be a smart money move.
With the additional vacation rental income, investing in a ski town with a solid economy, even non-vacation rentals, may be a wise investment. It also could be a good play for investors who don’t ski or snowboard.