Housing Market 2023: 10 Small Towns Where You Should Buy Vacation Property – GOBankingRates

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  • Average home price: $343,778
  • Monthly revenue potential: $4,930

Grand Marais, Minnesota, is a small lakefront town on Lake Superior, offering a wide range of local art shops, restaurants and hiking and mountain biking trails. Visitors come from all over to enjoy some peace and quiet, as well as the majesty of Lake Superior. Homes are reasonable, too, with average prices under $350,000. But during the summer months, vacation rentals can fetch almost $5,000 per month, making it a smart place to buy.

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