Last updated: February 2025
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%.
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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.
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3. Raleigh, North Carolina
Raleigh, NC, known for its research and technology industries, offers a mix of urban amenities and southern charm.
Raleigh has seen a stable increase in home values, with the average price now at $350,000. The market shows promise with an ADR of $200.00 and an occupancy rate of 55%, generating annual revenues of $42,000 from 1,800 active rentals. The gross yield stands at 7.50%, with a cap rate of 4.50%.
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4. Durham, North Carolina
Durham, NC, known for its rich history and vibrant arts scene, is a dynamic city for short-term rentals.
Durham has seen a moderate increase in home values, with the average price now at $325,000. The market thrives with an ADR of $195.00 and an occupancy rate of 55%, leading to an annual revenue of $40,000 from 1,700 active rentals. The gross yield here is 7.20%, with a cap rate of 4.20%.
For more comprehensive insights into Durham as a rental market, explore Chalet Intel.
5. Wilmington, North Carolina
Wilmington, NC, known for its historic downtown and beautiful beaches, is a popular destination for tourists seeking both cultural and coastal experiences.
Wilmington has seen a stable increase in home values, with the average price now at $300,000. The market shows promise with an ADR of $190.00 and an occupancy rate of 55%, generating annual revenues of $38,000 from 1,600 active rentals. The gross yield stands at 6.90%, with a cap rate of 4.00%.
To delve deeper into Wilmington’s investment potential, check out Chalet Intel.
6. Chapel Hill, North Carolina
Chapel Hill, NC, home to the University of North Carolina, offers a vibrant college town atmosphere with a rich cultural and academic scene.
Chapel Hill has seen a stable increase in home values, with the average price now at $325,000. The market shows promise with an ADR of $185.00 and an occupancy rate of 55%, generating annual revenues of $36,300 from 1,500 active rentals. The gross yield stands at 6.50%, with a cap rate of 3.80%.
For more comprehensive insights into Chapel Hill as a rental market, explore Chalet Intel.
Each of these markets in North Carolina offers unique opportunities for short-term rental investors, combining strong financial metrics with appealing tourist attractions. For a comprehensive overview, including detailed analyses, calculators, and regulation insights, make sure to explore our latest tool, Chalet Intel.
