Skis and snowboards may be tucked away in storage, but there’s no better time to buy a ski rental property. The off-season typically drives down ski home prices, according to real estate publication Mansion Global, which means May, June, and July are prime buying seasons.
When to buy a ski rental is only half of the equation; an equally important question homeowners have to ask themselves is where should I buy a ski rental property?
From California to Tennessee the options for places to buy a ski rental abound. To help you navigate the decision-making process, we’ve compiled the 6 best places to buy a ski rental in the U.S.
As ski and snowboard enthusiasts know, California is much more than tinsel town and beaches. California sees massive yearly snowfalls; the popular central California Mammoth Resort on the eastern side of the Sierra Nevada mountains sees an average of 400 inches of snow annually. Mammoth is also close to a variety of popular year-round attractions like Kings Canyon National Park and Sequoia National Park, making it a smart rental property investment with full-year potential.
While California has dozens of resorts across the state, one of the most notable ski areas beyond central California is South Lake Tahoe. Ski resorts near the iconic lake include Heavenly and Squaw Valley. Like Mammoth, Lake Tahoe is a great year-round investment, attracting not just skiers and snowboarders, but lake loungers, hikers, and everyday travelers.
Whether it’s the state’s 300 days of snowfall annually or its 29,000 skiable acres, people travel from all over to experience Colorado’s top-notch slopes. In fact, ColoradoSki.com reports about 12 million skiers partake in the winter fun annually. The numbers don’t lie—Colorado is by far one of the country’s best places to buy a ski rental in the U.S.—and some of the best places to invest in a ski property include Aspen, Vail, and Breckenridge. Given its scenic hikes, delicious bites, and all-around fun culture, the state of Colorado attracts tourists throughout the year; 2017 alone drew 84.7 million U.S. travelers, according to Colorado.com.
Oregon offers skiers a diverse range of terrain options, from upscale mountain resorts to small local runs. The state has 12 ski areas in total, but some of the best runs are found in Bend. It’s nearby Mt. Bachelor—North America’s sixth largest ski resort—has over 4,000 skiable acres. Like many of the best places to buy a ski rental in the U.S., Oregon’s ski destinations double as warm-weather hot spots with outdoor activities like hiking, swimming, rafting, and more.
Every winter, the Smoky Mountain town of Gatlinburg, Tennessee, transforms from a hiker’s paradise to a ski haven. Ober Gatlinburg, the only ski resort in Tennessee, offers 38 skiable acres and 8 trails. Beyond skiing, Ober Gatlinburg has a variety of wintertime activities like snow tubing and indoor skating. While the western U.S. may seem like the best place to buy a ski rental, Gatlinburg’s location as the gateway to the Great Smoky Mountains National Park—which draws 11 million annual visitors according to SmokyMountains.com—makes it an ideal spot for attracting customers in every season.
With a variety of snowy slopes, Utah is one of America’s most popular and frequented ski destinations. It’s home to one of the snowiest places on Earth—Cottonwood Canyons—not to mention 300 days of sunshine, making for perfect ski conditions. Salt Lake City is an ideal place to buy a ski rental property; it’s within easy driving distance of some of the country’s most beloved resorts, including Deer Valley and Snowbird. While often associated with deserts and canyons, southern Utah has its own vibrant ski area, too. Popular spots like Brian Head Resort attracts visitors with 650 acres and 71 runs. Even better? Brian Head is a quick, 90-minute drive from the highly popular Zion National Park, which attracts 4.4 million annual visitors, according to CNTraveler.com.
If you’re on the fence about whether or not to buy a ski rental property, schedule a consultation.