5 Tips for an Eco-Friendly California Road Trip
Wherever you plan on going next in California, there’s still time to make your road trip more eco-friendly. Here are our best tips.
Whether you want a rental property close to the beach or in the desert, these are the best places to buy a vacation home in California.
As one of the most desirable states to live and vacation in, California housing is always in demand—no matter how costly it is. Even though the Golden State is the most rewarding in both short-term and long-term property investments, breaking into its housing market isn’t a piece of cake. Nevertheless, don’t be discouraged by the median home prices or the cost of living.
There are plenty of areas where you can invest in rental properties and set yourself up for financial success. The key is to look beyond the major cities of San Francisco and Los Angeles. Whether you’re looking to invest in a vacation home or host an Airbnb, here are the best places to buy a rental property in California.
Median home price: $325,052
Median rental price: $1,081
Located in Trinity County, about 45 minutes outside of Redding, Douglas City usually flies under the radar. But it has quickly become one of the best places to buy an investment property in California. The cost-of-living index here is above 100, which is lower than the U.S. and statewide averages. Douglas City has seen positive job growth, too.
The city is within close proximity to Whiskeytown National Recreation Area, where you can hike to rushing waterfalls and gaze upon jagged peaks. Drive a little farther north and you’ll arrive at Shasta Lake—one of the most beautiful lakes in Northern California—and Shasta-Trinity National Forest.
Median home price: $420,618
Median rental price: $1,695
Yuba City is the 21st largest metropolitan area in the Golden State and is the county seat of Sutter County. The city is close to Sacramento, Folsom Lake State Recreation Area, and Lake Berryessa—one of the weirdest places to visit in California—making it one of the best places to buy a rental property.
The cost-of-living index in Yuba City is 114.1, which is slightly over the U.S. average. However, investing in a rental property here isn’t exactly a bad idea. Make your homestay a little more inviting, and you’ll certainly see a surge in Airbnb bookings.
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Median home price: $619,139
Median rental price: $2,650
If you’re still asking yourself where to buy an investment property in Sacramento, Elk Grove is your answer. As the second-largest city in Sacramento County, Elk Grove quickly became the fastest-growing city in the country in the mid-2000s. Here, you’ll find the largest school district in Northern California, the Elk Grove Unified School District—which is also the city’s second-largest employer.
Elk Grove has a cost-of-living index of 138.7. The average Airbnb price in Elk Grove differs greatly from the typical rental prices. Elk Grove is undoubtedly one of the best places to buy vacation rental property in the Golden State.
Median home price: $507,404
Median rental price: $2,395
Rancho Cordova is the best place to buy an investment property in the Sacramento region. As the state capital’s largest employment sub-center, the city attracts over 50,000 commuters. Whether you’re looking to host an Airbnb or rent out your property long-term, Rancho Cordova is the perfect place to invest in a second home. As for the job market, there has been a positive increase. Most residents here work in management, business, technology, and architecture.
Median home price: $652,102
Median rental price: $3,295
If investing in rental property in Palm Springs, Los Angeles, and San Diego is too expensive for your taste, Winchester is the ideal middle ground. Situated in Riverside County, Winchester is one of the best places to buy a rental property in Southern California. Renting out your Airbnb here means an 74 percent occupancy rate. The job market in Winchester has increased over the last few years as well, with most people working in the computer industry, management, engineering, and business.
Median home price: $316,447
Median rental price: $950
Blythe is among the most affordable places to live in Southern California. With a 131.2 cost-of-living index and inexpensive home prices, the city is one of the best places to buy a vacation home in California. Investing in an Airbnb here is quite rewarding.
Since Blythe is located in the Colorado Desert section of the Sonoran Desert, vacationing here means you get to enjoy summer all year long. You’re also within close proximity to Havasu Lake, Joshua Tree National Park, Anza-Borrego Desert State Park, and the desolate and mysterious Salton Sea.
Median home price: $841,216
Median rental price: $1,950
The hometown of rapper Tyler, the Creator and the iconic Beach Boys, Hawthorne is one of the best places to buy a rental property in California. The city has one of the highest renter-occupied household rates in the Golden State—over 70 percent of residents are renters. Although the median home price is rathercostly, it’s guaranteed that you’ll make your money’s worth, especially when you consider the fact that rent prices are constantly rising.
Median home price: $901,342
Median rental price: $3,248
Investing in long-term rentals in Lake Los Angeles is quite profitable. Countless movies, TV shows, and commercials have been filmed here, so you know there’s always someone looking for somewhere to stay. The capitalization rate of traditional rental properties is 4.63 percent with a pretty decent cash-on-cash return, making it one of the best places to buy a rental property in Los Angeles County.
Staying in Lake Los Angeles means you’ll get to enjoy many activities in the area without having to break the bank. You can reach Angeles National Forest in only 20 minutes away and San Bernardino National Forest in 30 minutes from Lake Los Angeles.
Median home price: $711,321
Median rental price: $3,150
Offering a small-town feel to residents, Stanton was incorporated in 1956 and has greatly flourished and developed since then. The city is now home to over 39,000 people—with most residents renting their homes—and is the best place to buy a rental property in Orange County.
Stanton’s Airbnb occupancy rate is 87 percent. A four-room Airbnb can cost anywhere between $1,900 and $6,789. Traditional rent prices can reach up to $3,150. You’ll also find no shortage of adventures here—the town is less than 15 minutes from Anaheim and is roughly 30 minutes away from Long Beach, Huntington Beach, and Newport Beach.
Wherever you plan on going next in California, there’s still time to make your road trip more eco-friendly. Here are our best tips.
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