This Is The Number One Place To Buy A Vacation Home In America

Thinking about turning that nest egg into a weekend retreat or investing in some beachy real estate? Turns out the smartest place to buy a vacation home in America is pretty much where you expected.

Rented.com has just revealed the best and worst spots to purchase vacation property, and the top spot isn’t terribly shocking. Panama City, Florida is the best place to invest in a holiday home. Affordable cost of living, low taxes and cheaper maintenance costs combined to secure this Sunshine State city the win.

However, the top five places did include some surprises. Chicago, Illinois came in second, followed by Napa, California and Tulsa, Oklahoma. Memphis, Tennessee rounded out the best of the best.

We’re aware that these uncertain times are limiting many aspects of life as we all practice social and physical distancing. While we’re continuing to feature destinations that make our state wonderful, we don’t expect or encourage you to go check them out immediately. We believe that supporting local attractions is important now more than ever and we hope our articles inspire your future adventures! And on that note, please nominate your favorite local business that could use some love right now: https://www.onlyinyourstate.com/nominate/

The report also highlighted the fact that buying vacation homes in the southern U.S. is usually a smart move. However, tried-and-true resort areas like Palo Alto and Martha’s Vineyard have become so pricy and rental-regulated that Rented.com doesn’t suggest buying a vacation home in these spots.

For more ways to maximize your travel dollars, check out the best and worst days to fly this spring.