Vermont

Why physicians are looking at Killington

Killington is the East's largest ski resort, and its short-term-rental market prices accordingly: roughly $425/night in season-driven ADR, among the strongest rates in New England. The demand engine is the mountain itself — the biggest terrain network in the region pulls skiers from the entire Eastern seaboard — and a growing four-season operation adds summer mountain-biking and event traffic to what was once a purely winter calendar.

The numbers, interpreted

Underwrite it as a hospitality business with a winter-weighted P&L. At $425/night and 68% occupancy, Killington produces roughly $289 RevPAR and about $8,670/mo in gross revenue against a purchase near $495,000 — a 24.3× GRM and ~2.9% cap rate on the long-term math, confirming the STR engine carries the thesis. Gross is not net: management, cleaning, furnishing, and winter operating costs claim their share of that $8,670. And before you commit, apply the second-opinion rule you'd insist on clinically: an independent inspection (mountain properties hide expensive problems) and a hard local read on seasonal revenue distribution, because annual averages flatter ski markets. Among Vermont peers, Stowe commands a higher $545 ADR at a $695,000 basis, while Manchester VT offers a diversified village alternative at $348/night for the same $495,000.

Costs and rules to underwrite

Vermont's 1.9% property tax is a serious line at resort pricing: roughly $9,400/yr on a $495,000 property. STR regulation is moderate — but resort-town rules evolve, so verify Killington's current short-term-rental requirements, registration, and any local standards before closing.

Building your local team in Killington

The local team makes or breaks a ski-mountain STR — winter operations are unforgiving, and peak weeks decide the year. You need professional STR management with mountain logistics competence (snow removal, hot-tub service, storm-week guest handling), furnishing capital sized for premium ski groups, and an investor-focused realtor who knows which locations command the $425/night rate versus which merely sit near the resort. Presentation compounds revenue: themed ski properties with standout amenities — hot tubs, boot warmers, bunk rooms, après-ready spaces — historically out-earn commodity units when guests compare listings side by side. Dr Home Investor staffs that bench through introductions to vetted local team members — including a Realtor match with boots on the ground in the Killington market — rather than a blind Google search between shifts.

Bottom line

Killington is the East's volume ski play: $495,000 in, roughly $8,670/mo gross at $425/night and 68% occupancy, powered by the region's largest terrain network. Verify local STR rules, underwrite the $9,400/yr tax and honest net margins, and buy the property skiers rebook. For physicians targeting Eastern ski STR revenue at below-Stowe pricing, this is the market. Explore other Vermont markets to compare the state's resort tiers. Before committing, compare this market against the best real estate markets for physician investors.