Airbnb Market Analytics & Investment Insights
Annual Revenue
$81,378
Based on 77 full time Airbnb rentals
Average Daily Rate
$185
Gross Yield
14.64%
#24 in the USOccupancy Rate
67%
As of June 2025, Homes in Banner Elk have appreciated by 4.14%, with the median home value standing at $549,564, according to Zillow.
There are currently 77 active short-term rentals in Banner Elk. The average daily rate for these rentals is $185. This translates to an annual revenue of $81,378 for short-term rentals as of June 2025.
Banner Elk is an investor-friendly location with short-term rental regulations favorable to those looking to invest in short-term rentals.
Average Daily Rate Trend
$185
Occupancy Rate Trend
67%
Let our agents guide you to the best short-term rental investments in Banner Elk
Active Short-Term Rentals
77
As of June 2025, the average gross yield for short-term rentals in Banner Elk is 14.64%. However, potential investors should also consider the average property tax, which stands at 0.45% according to SmartAsset.
The median household income in Banner Elk is $58,231.
As of June 2025, the occupancy rate for Airbnb rentals in Banner Elk is 67%, which is higher than the average occupancy rate for the United States.
As of June 2025 The unemployment rate in Banner Elk is 6.5%, which is higher than the national average of 4.1%.
The most impactful amenities for short-term rentals in Banner Elk include a Mosquito net, Sauna, and Ping pong table.
Banner Elk is a popular destination for travelers, with Airbnb demand coming from cities like Charlotte, NC (8.57% of all guests), Raleigh, NC (6.72% of all guests), and Durham, NC (2.80% of all guests).
The top short-term rental hosts in Banner Elk include Blue Ridge, Carolina Cabin Rentals and Evolve. These hosts have an average rating of 4.86, 4.75 and 4.85 respectively.
The most popular property types in Banner Elk are 2-bedroom units, with an average daily rate of $185 and an annual revenue of $47,213.
The average booking lead time for short-term rentals in Banner Elk is 71 days.
| Bedrooms | Listings | Occupancy | Average Daily Rate | Annual Revenue |
|---|---|---|---|---|
| Studio | 77 | 79% | $130 | $37,486 |
| 1 Bedroom | 534 | 30% | $176 | $19,272 |
| 2 Bedroom | 1117 | 65% | $199 | $47,213 |
| 3 Bedroom | 1285 | 58% | $256 | $54,195 |
| 4 Bedroom | 749 | 58% | $307 | $64,432 |
| 5 Bedroom | 236 | 40% | $349 | $50,317 |
| Zipcode | Gross Yield | Annual Revenue | Full-time Listings | Median Home Value |
|---|---|---|---|---|
| 28604 | 6% | $29,186 | 1587 | $480K |
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