DataInvesting

US beach towns with the biggest real estate bargains

RealtyTrac finds East Coast beach towns as lower-cost investment opportunities
  • Daren Blomquist of RealtyTrac says investment properties near the water can save on vacation expenses and generate rental income throughout unoccupied months.
  • Mastic Beach on Long Island has mild summer temps (67 degrees) and a median home price of less than $100,000.
  • South of San Antonio, Port Aransas was ranked the top affordable beach town in Texas with a median price of $304,570.
  • In Fort Bragg, California, the median home price is $310,000 – 144 percent higher since 2006.

Investing in a second property near the beach doesn’t have to cost a fortune. But adding together low median home prices and crime, moderate climates and good air quality can take more time than most have -- so RealtyTrac did it for you, with its list of bargain beach towns in 15 coastal states. Daren Blomquist, senior vice president at RealtyTrac, says investment properties near the water can save on vacation expenses and potentially generate rental income throughout unoccupied months. “While real estate close to the ocean tends to be pricier, bargains are still available, particularly smaller towns off the beaten path where home prices have been slower to bounce back from the housing downturn,” Blomquist said in a statement. “We picked the highest-ranked bargain beach town from each state to provide a good sampling of the diverse beach town experiences available across the country.” RealtyTrac evaluated ocean-bordering cities with fewer than 50,000 reside...