Rehoboth Beach, part of Delaware’s Atlantic coastline that has been dubbed the Nation’s Summer Capital, is the perfect place to buy a vacation home, writes Dobrina Zhekova for Travel + Leisure.
The town has transformed from a permanent religious camp founded in 1873 into the go-to beach getaway for Washington D.C.’s elite. Even President Joe Biden and First Lady Jill Biden can be seen lounging on the beach or going for a movie in the local theater.
Recently, the popular oceanfront town was named one of the best places in the nation to own a second home for short-term rentals by vacation rental company Vacasa. Rehoboth Beach ranked in fourth place.
The median home value in the town is $618,000. With a capital rate of 6.46 percent, buying a home here can make a new owner $58,992 in yearly income.
“As Delaware’s most popular beach town, Rehoboth Beach draws large crowds during the summer months and is a top choice for vacationers seeking old-fashioned fun in an oceanfront setting,” said Daned Kirkham, senior director of real estate at Vacasa.
Read more about Rehoboth Beach in Travel + Leisure.
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