North Carolina, known for its beautiful mountains and vibrant cities, offers excellent opportunities for short-term rental investors. From scenic mountain towns to bustling urban areas, these markets provide strong investment potential.
Our latest tool, Chalet Intel, provides comprehensive insights and strategies tailored to investors at all experience levels. It includes a calculator, regulation overview, and much more for each market discussed. Links will be provided for each market, allowing you to conduct a more detailed analysis on your own.
1. Asheville, North Carolina
Asheville, NC, known for its vibrant arts scene and historic architecture, is a popular destination for tourists seeking both culture and natural beauty.
Asheville has seen a moderate increase in home values, with the average price now at $350,000. The market thrives with an ADR of $250.00 and an occupancy rate of 55%, translating to an annual revenue of $50,000 from 2,000 active rentals. The gross yield here is 8.50%, with a cap rate of 5.50%.
Discover more about investing in Asheville through Chalet Intel.
2. Charlotte, North Carolina
Charlotte, NC, known for its financial district and vibrant cultural scene, is a top destination for business travelers and tourists alike.
Charlotte has seen a notable increase in home values, with the average price now at $400,000. The market shows promise with an ADR of $225.00 and an occupancy rate of 55%, generating annual revenues of $49,500 from 2,200 active rentals. The gross yield stands at 7.80%, with a cap rate of 4.80%.
For more insights into Charlotte as a rental market, explore Chalet Intel.
