3 Idaho Cities Make List Of Best Ski Towns For Real Estate Investing
When it comes to determining America's best ski towns, it's not always about the best powder or accommodations.
For the second year, real estate information company RealtyTrac has published a list of the best ski towns for investing. Three Idaho spots make this year’s list.
So if you want to buy a cozy Idaho cabin or swank condo - with making money in mind - RealtyTrac recommends Ketchum, Sandpoint or Donnelly. In the first ski town investing list last year, Ketchum was the only Idaho city to make the cut.
RealtyTrac used seven factors to create the list. There are community considerations, things like distance from an airport and the town's unemployment rate. Then there are more wonky real estate things like annual home price appreciation and gross rent yield. Foreclosure rate and median home price are also factors.
But you can’t ignore the actual skiing if you’re investing in a ski town. The final category RealtyTrac uses for its rankings is called the ‘pure awesomeness factor,' which focuses on how good the skiing experience is.
Here’s how RealtyTrac lists the median home prices for the Idaho towns on its list:
- Ketchum - $419,000
- Sandpoint - $210,000
- Donnelly - $274,900
Find Adam Cotterell on Twitter @cotterelladam
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