HomeToGo price data was used to collate a shortlist of 24 U.S. lake destinations in which the median price per night for a vacation home stay was less than $500 during the two weeks surrounding the 2024 Memorial Day weekend. In order to rank these destinations, four data points were researched: the median nightly cost for a vacation rental, the popularity of each lake destination amongst travelers, the size of each lake, and the average weather conditions for the area during the months of May and June. After obtaining the raw data, each data point was assigned a representative numerical value between 5 and 10, with 5 representing the lowest data point and 10 representing the highest data point. The hypothetical "perfect score" would be 40 out of 40. The following equation was used in order to calculate this for every factor:
Score(i) = 5 · (x(i) - xmin ) / (xmax - xmin ) + 5
Price Score: HomeToGo data was used to find the median cost per night for a vacation rental on/near to each lake with a check-in date during the two weeks surrounding the 2024 Memorial Day weekend. The area with the lowest median nightly price for a vacation rental was awarded a maximum score of 10, and the remaining locations were awarded a score of 5 or higher. Data was collected in April 2024, prices are subject to change.
Popularity Score: HomeToGo data was used to find the search volume for vacation rental stays with a check-in date during the time period surrounding Memorial Day 2024 (27 May) for each lake. The area with the highest search volume was awarded a maximum score of 10, and the remaining locations were awarded a score of 5 or higher.
Size Score: The lake surface area in acres for each destination was calculated. The location with the largest lake surface area was awarded a maximum score of 10, and the remaining areas were awarded a score of 5 or higher. Data was collected in April 2024, availability is subject to change.
Weather Score: Historical weather data was used to determine the average maximum temperatures for the months of May and June. The lake destination with the highest overall average temperature was given a score of 10, and the remaining areas were awarded a score of 5 or higher.