Categories: Uncategorized

Pawleys Island, South Carolina Tops List as Best Place to Buy Beach House for Short-term Rentals

Article Sponsored by:

SPACE AVAILABLE FOR SPONSORS!

Want to target the right audience? Sponsor our site and choose your specific industry to connect with a relevant audience.

What Sponsors Receive:

Prominent brand mentions across targeted, industry-focused articles
High-visibility placements that speak directly to an engaged local audience
Guaranteed coverage that maximizes exposure and reinforces your brand presence

Interested in seeing what sponsored content looks like on our platform?

Browse Examples of Sponsored News and Articles:

May’s Roofing & Contracting
Forwal Construction
NSC Clips
Real Internet Sales
Suited
Florida4Golf

Click the button below to sponsor our articles:

Sponsor Our Articles

Pawleys Island, South Carolina: The Best Spot to Buy a Beach House for Short-term Rentals

Why Pawleys Island?

Pawleys Island, South Carolina, affectionately referred to as “arrogantly shabby”, has topped the charts as the best city in the United States to buy a beach house to use as a short-term rental property, according to new rankings from a real estate website Realtor.com and AirDNA, a vacation rental analytics company.

With an expanding market full of short-term vacation rentals through Airbnb and VRBO, the traditional hospitality market previously dominated by hotels, motels, and bed and breakfasts is now within reach of everyday homeowners. Yet, where is the short-term rental market most profitable?

Ranking Factors

The report considered several factors including the median home prices, expected yields from rental properties, average annual rental revenue, and regulations on short-term rental properties. The expected yield was calculated by dividing potential revenue by median home value. However, the report cautioned that even with high yields, strict short-term rental regulations could pose hurdles in renting out a beach house.

Town’s Appeal and Proposed Regulations

Pawleys Island, known for attracting throngs of vacationers in the summer and snowbirds in the winter, stood out as the prime choice. However, property owners seeking to invest should also be abreast with the local regulations. A proposed amendment for Georgetown City Council zoning ordinance may require property owners to acquire a business license and a special permit. This amendment aims to cap the number of permits at 250, limiting the market potential.

Initial fees for this permit are proposed to be $500 for owners offering the entire house for rent, and $250 for homeowners residing in the house while renting a portion of it. In addition, all property owners will have to pay annual renewal fees for the permit.

Top 10 Places to Buy a Beach House for Rent

The report also highlighted other top-ranking cities throughout the East Coast, West Coast, Gulf Coast, and even in the Midwest. The top contenders are as follows:

  1. Pawleys Island, South Carolina
  2. Michigan, East Coast
  3. Cape San Blas, Florida
  4. Gulfport Biloxi, Mississippi
  5. Wilmington, Delaware
  6. Lincoln City/Newport, Oregon
  7. Greys Harbor, Washington
  8. Outer Banks, North Carolina
  9. Corpus Christi, Texas
  10. Gulf Shores, Alabama

These cities were ranked based on a combination of median home price, annual revenue potential, and expected yield. While Pawleys Island secured the top spot, location plays a crucial role in determining potential revenue and profitability.

Takeaway

The rise of short-term rental platforms has undoubtedly opened up lucrative opportunities for homeowners. However, it’s crucial to consider various factors like yield, local regulations, seasonal factors, and tourism appeal before investing in a beach house for rental purposes. As shown in this analysis, Pawleys Island offers an attractive balance of these aspects, making it the top choice for short-term beach house rentals.


Author: HERE Chapin

HERE Chapin

Recent Posts

New Developments in Brittanee Drexel Case

News Summary The Brittanee Drexel case, involving the disappearance of a young girl during a…

12 hours ago

Charleston Prepares for Tropical Storm Helene

News Summary As Tropical Storm Helene approaches, Charleston residents are bracing for impacts including strong…

12 hours ago

Rhesus Macaque Monkeys Escape in Beaufort County

News Summary A remarkable incident occurred in Beaufort County, South Carolina, where 43 young rhesus…

12 hours ago

South Carolina Wins Third Consecutive SEC Tournament Title

News Summary In a commanding display, the South Carolina women's basketball team claimed their third…

12 hours ago