Top 10 best places in the US to buy a winter home right now

Leavenworth WA

In a recent report, Vacasa — the largest vacation rental property management company in North America — broke down the top 10 destinations for buying winter homes this season.

The list includes markets mostly on the west coast with an emphasis on lakeside locations with access to outdoor activities.

This season’s Winter Market Report is based on cap rate, or the rate of return on a real estate investment. Thaddeus Hanscom, Vacasa’s data trend analyst, told Business Insider that cap rate is calculated by potential income, minus operating expenses, divided by purchase price. To finalize the list, Vacasa first looked at markets with the highest average occupancy during winter months.

Keep reading to see the top locations for buying vacation homes this winter. We ranked markets in descending order based on cap rate, or a property’s potential income over its initial cost, denoting return on investment. We also included the median home price. Entries have been rounded to the nearest tenth.

10. Big Bear City, California

Big Bear Lake CA high res

Median home price: $297,089

Cap rate, or potential return on investment: 4.11%

9. Shaver Lake, California

shaver lake ca

Median home price: $457,440

Cap rate, or potential return on investment: 4.25%

8. Leavenworth, Washington

Leavenworth WA

Median home price: $441,617

Cap rate, or potential return on investment: 4.36%

7. Warren, Vermont

Warren, vermont

Median home price: $263,752

Cap rate, or potential return on investment: 4.57%

6. Rhododendron, Oregon

Rhododendron, oregon

Median home price: $316,712

Cap rate, or potential return on investment: 4.73%

5. Ludlow, Vermont

Ludlow VT high res

Median home price: $304,273

Cap rate, or potential return on investment: 4.83%

4. Dillon, Colorado

Dillon, Colorado

Median home price: $401,894

Cap rate, or potential return on investment: 4.92%

3. Breckenridge, Colorado

Breckenridge, Colorado

Median home price: $556,905

Cap rate, or potential return on investment: 5.56%

2. Big Sky, Montana

Big Sky, Montana

Median home price: $585,000

Cap rate, or potential return on investment: 6.10%

1. Killington, Vermont

Killington Vermont

Median home price: $211,172

Cap rate, or potential return on investment: 8.31%

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