Quote · BiggerPockets Real Estate Podcast
Where We'd Invest in Real Estate Right Now (12 Markets)
Where this was said
Short-Term Rental Pick #3: Morristown, Vermont (Ashley Kehr)
At 26:10 · chapter starts 24:10
Ashley Kehr's STR pick comes from personal experience: a snowboarding trip to Vermont that she found more enjoyable than Colorado. That piqued her curiosity, and the data supported her instinct. Morristown (with its village of Morrisville) sits close to Stowe and multiple other Vermont ski resorts, giving guests resort access without resort-town prices — homes range from $385,000 to roughly $500,000, compared to million-dollar Stowe properties. [1] — Ashley Kehr "Vermont's Morristown (village: Morrisville) offers ski-resort proximity at a fraction of Stowe's prices, with homes in the $385K–$500K rang…" 24:05 Crucially, unlike Breckenridge, which caps the number of STR permits, Morrisville regulates without limiting permit issuance — a meaningful distinction for investors worried about future regulatory lock-out. Vermont draws 13 million visitors annually across all four seasons: ski season in winter, foliage season in fall, hiking in summer. Dave Meyer enthusiastically validates the pick, noting that similar 'invest one town over from the resort' strategies have worked well for his own ski property in Colorado.
Vermont sees about 13 million visitors per year, making it a four-seasons STR destination with particular strength in winter ski season.
Hartford, Connecticut is one of the few U.S. markets still growing faster than inflation, with renovated homes selling in 18 days and 55% of homes going above list price. At a $287,000 median price, investors can get all-in on a flip cheaply — and rent it if the sale doesn't materialize.
