4) Atlantic City, New Jersey
Don’t discount the northeast when it comes to a vacation home in a desirable location. Property in New Jersey’s most happening city is cheap ($121,000 is the median home price) and comes with a whole lot of bang for your buck. The housing market has hit bottom here, but that means now is the time to buy. Because of the location, summer rent reaches over $1,200/month, but can be a lot more depending on your property’s proximity to the famous Atlantic City boardwalk. This city’s popularity stems from its ability to offer it all; 5-star hotels, world-class restaurants, long sandy beaches, plus family fun and adult-only entertainment. Additionally, Atlantic City is the Eastern Seaboard’s gambling hotspot. When you’re not staying in your vacation home in AC, there will no doubt be an Airbnb customer eagerly waiting to snatch up a weekend at your pad.
