By Emily Starbuck Crone, NerdWallet
Move over, Marriott. Hotels were once the default lodging option for travelers, but in recent years, demand has boomed for vacation rentals in private homes. And travelers aren’t the only ones who stand to benefit from this trend; homeowners who rent out their house can turn a handsome profit, especially during peak times like spring break.
Just how much can homeowners pocket in popular areas? To find out, NerdWallet askedHomeAway, one of the largest facilitators of private for-rent properties, to provide data for its most in-demand U.S. spring break destinations, along with nightly rates during that time and year-round. A NerdWallet analysis found that in some spring break hot spots, homeowners can pay off between three and four months of their mortgage by simply renting out their home for two weeks in March — a common spring break period and one when many homeowners are quite possibly traveling themselves.
In many other top spring break destinations, homeowners can pay more than three months of homeownership costs from just two weeks of renting in March. After Breckenridge, the top spot is Miami, then Las Vegas, followed by South Lake Tahoe.