New York: Saratoga Springs
Median home value: $329,700
Rental yield: 8.11 percent
Visitors to Saratoga Springs come for proximity to winter sports and the ice bars in the winter, horse racing at the Saratoga Race Course and top-flight entertainment at the Saratoga Performing Arts Center in the summer, and the mineral springs throughout the year. It takes an average of about 12 years for rental income to pay off a home purchase in the area.
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