Cabin rental in Hochatown, Oklahoma, put it among the best vacation spots
Hochatown, near Broken Bow in southeast Oklahoma, is attracting Texan investors to its booming cabin rental business like bees to a magnolia blossom.
Or Squatches in the woods. Bigfoots, that is.
It’s no wonder Maui, Hawaii, and Broken Bow-Hochatown, Oklahoma were just mentioned in the same breath. They are on the same Top 25 list:
Maui was No. 1, but Denver-based AirDNA just reported that the Broken Bow/Hochtatown area is one of the best markets for short-term rental investment in 2022, ranking it 17th out of 265 markets. Americans followed.
Continued:Could Hochatown, Oklahoma be the next Branson, Missouri? Some people think so
“Broken Bow earned the highest investment score on our list with an astonishing annual income of $85,000 per year,” the report said.
In case you missed it, unincorporated Hochatown in McCurtain County, 240 miles southeast of Oklahoma City and 170 miles northeast of Dallas, is attracting Texas investors in droves. .
They say it could be the next Branson, Missouri. It’s already a destination, with hundreds of luxury cabins, some as big as lodges, for rent and hundreds more in the works.
When the Choctaw Nation will build its new casino, hotel and resort, this will be a literal resort.
“Like many other outdoor retreat destinations,” Hochatown “benefited from the pandemic-inspired push” toward outdoor recreation, AirDNA spokeswoman Madeleine Parkin said.
Hochatown was already on a roll before COVID-19 hit, and social distancing and other precautions have made the area even more attractive for long weekends and vacations. Extremely low mortgage rates prompted more investment, almost all from Dallas-Fort Worth.
Continued:As Mortgage Rates Rise in OKC, Are the Good Times Almost Over for Sellers?
Hochatown was not alone, far from it. Short-term rentals everywhere in the big cities, small and medium sized cities and rural areas as Hochatown earn on average 39% more per year than before the pandemic, said Parkin.
It has become an industry of 113 billion dollars, she said, and AirDNA report “provides an investment manual”.
“Using the industry’s most comprehensive and granular dataset, the research aggregates various metrics into three key pillars: revenue growth, rental demand and investment capacity, to create our exclusive AirDNA investor.”
Broken Bow-Hochatown’s Investor Score was 75. But its Investability Score was 100. The Revenue Growth Score was 43. The Rental Demand Score was 58.
AirDNA present potential investors Hochatown like this:
“Located in the foothills of the Kiamichi Mountains, Broken Bow is a small town in southeastern Oklahoma. Home to Broken Bow Lake, it offers tourists a gateway to visit Beavers Bend State Park, Hochatown State Park and Cedar Creek Golf Course in Beavers.
“A popular year round destination for regional travelers, the region is best known for its lake activities, abundance of wildlife and the paths of the pine forest.
“Broken Bow had the highest investment score on our list with an astonishing annual income of $85,000 per year. Investment properties in Broken Bow have grown 50% in popularity since last year, with more than 2,200 homes now available for short-term rental.”
Continued:How hot is the real estate market in Oklahoma County? Home prices have risen year over year
Bold, to put it in the local native vernacular. I speak Eastern Okie as a second language. Check out these big dogs that (so far) Hochatown is racing with, AirDNA’s top short-term rental markets in 2022, here:
1. Maui, Hawaii.
2. Kenai Peninsula, Alaska
3. Chattanooga, TN
4. Gulfport-Biloxi, Mississippi
5. Slidell, Louisiana
6. Crystal River, Florida
7. Joshua Tree, California
8. Charleston, South Carolina
9. Galena, Illinois
10. Port Southwest, Maine
11. Three Rivers, California
12. Gainesville, Florida
13. Buffalo, New York
14. Brookings, OR
15. Helen, Georgia
16. Townsend, TN
17. Broken Bow, Oklahoma
18. Key West, Florida
19. Cloudcroft, New Mexico
20. Kansas City, Mo.
21. Williamstown, Kentucky
22. Memphis, TN
23. Black Hills, South Dakota
24. St. Louis, Missouri
25. Santa Rosa, California
Hochatown, Oklahoma, population 242 – Sah-LOOT!
The main business editor Richard Mize has covered the housing, construction, commercial real estate and related topics for the newspaper and Oklahoman.com since 1999. Contact him at [email protected]