Shaver Lake vacation home image via vacasa.com

Looking for a winter home? You may not have to look further than Shaver Lake.

The popular recreation spot in Fresno County has been named as one of the 10 best places to buy a winter vacation home in 2019-2020, according to Vacasa, a Portland, Oregon-based vacation rental management company.

The rental markets were ranked on investment-worthiness based on aggregate cap rate, which is the ratio of a property’s net operating income over its cost.

“Those that made the list this year have an almost built-in guest population, as they’re situated just a short drive from highly populated residential markets and draw plenty of visitors from the surrounding area,” according to a statement from Vacasa. “And while winter activities bring many travelers to these destinations, the summer offers opportunities for hiking, mountain biking, kayaking, and more that keep vacation homes booked when the snow melts.”

In its list, Shaver Lake placed at No. 9, with median annual gross rental revenue of $41,958 and a median home price of $457,440.

“Shaver Lake has just enough time after the summer months to transform itself into a winter wonderland — and another busy season,” the Vacasa article said. “While the mountain supports activities of all kinds it’s a major draw for snowmobilers looking to experience the most beautiful trails in the Sierras.”

Currently, Shaver’s market size is 336 homes, with a cap rate of 4.25%, according to Vacasa.

According to the list, the top place to buy a vacation home is Killington, Vermont, which features a cap rate of 8.31%, median annual gross rental revenue of $39,787 and median price of $211,172.

Rounding out the top 3 were Big Sky, Montana and Breckenridge, Colorado.