Steamboat Named Among Best Places to Own a Vacation Home
Bloomberg recently did a study to determine the best places in the United States to own a vacation home. Colorado had the most of any state with five of the top 15 spots. What cities were on the list? Why are these cities the best cities to own a vacation property? Should you invest in real estate in these five markets?
How were the cities determined?
Bloomberg looked for small pockets of wealth in more than 500 areas across four equally weighted metrics: vacation home stock, share of the workforce employed in real estate and recreation-related industries, home valuations and household income. The final index is comprised of 70 micropolitan statistical areas. A micropolitan statistical area includes one main urban center with a population of at least 10,000 but fewer than 50,000 people, at least one county and all designated hamlets, villages and townships.
What cities were on the list?
#5 Steamboat Springs
#10 Glenwood Springs
# 13 Durango
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