The website selected the best places for a vacation property by focusing on three metrics. They reviewed national vacation rental performance metrics, Zillow’s 2020 median home value and estimated the annual expenses to run a vacation rental. In doing so, it determined the places where bookings lead to higher median revenue, listing prices and the cap rate.
Blue Ridge has a median rental value of $47,042, according to Evolve. The median list price for a home is $260,476. The town debuted at No. 2 on Evolve’s list.