Airbnb Market Analytics & Investment Insights
Annual Revenue
$29,186
Based on 1587 full time Airbnb rentals
Average Daily Rate
$193
Gross Yield
6.09%
Occupancy Rate
50%
As of October of 2024, Homes in 28604 ZIP Code have appreciated by 3.91%, with the median home value standing at $477,965, according to Zillow.
There are currently 1,587 active short-term rentals in 28604 ZIP Code. The average daily rate for these rentals is $193. This translates to an annual revenue of $29,186 for short-term rentals as of October of 2024.
28604 ZIP Code is an investor-friendly location with short-term rental regulations favorable to those looking to invest in short-term rentals.
Average Daily Rate Trend
$193
Occupancy Rate Trend
50%
Let our agents guide you to the best short-term rental investments in Banner Elk, NC
As of October of 2024, the average gross yield for short-term rentals in 28604 ZIP Code is 6.09%. However, potential investors should also consider the average property tax, which stands at 0.45% according to SmartAsset.
The median household income in 28604 is $58,231.
As of October of 2024, the occupancy rate for Airbnb rentals in 28604 is 50%, which is lower than the average occupancy rate for the United States.
Discover the leading hosts in Banner Elk ranked by guest ratings and active listings. These hosts combine scale with exceptional guest satisfaction, setting the benchmark for success.
Blue Ridge leads the market with 1577 active listings and maintains an exceptional 4.86 average guest rating.
Carolina Cabin Rentals leads the market with 688 active listings and maintains an exceptional 4.75 average guest rating.
Evolve leads the market with 365 active listings and maintains an exceptional 4.85 average guest rating.
These top performers serve as benchmarks for what drives success in Banner Elk's competitive short-term rental scene. Their strategies combine operational efficiency with outstanding guest experiences, making them the gold standard for aspiring hosts and property managers in the area.
10 hosts available
As of October of 2024 The unemployment rate in 28604 ZIP Code is 3.5%, which is lower than the national average of 4.1%.
The most impactful amenities for short-term rentals in 28604 include a Mosquito net, Sauna, and Ping pong table.
28604 ZIP Code 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 28604 ZIP Code 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 28604 ZIP Code are 2-bedroom units, with an average daily rate of $193 and an annual revenue of $76,234.
The average booking lead time for short-term rentals in 28604 ZIP Code is 71 days.
Disclaimer
This page and the data presented are for informational purposes only. The information provided should not be construed as financial, legal, or investment advice. Market conditions can change rapidly, and past performance does not guarantee future results. Always consult with qualified professionals before making investment decisions.