Last updated: October 2024
North Carolina, renowned for its stunning landscapes and thriving urban centers, offers an array of opportunities for mid-term rental investors. From the Blue Ridge Mountains to the Atlantic coast, the state’s diverse regions attract a wide range of visitors year-round. Whether you’re looking to invest in bustling cities or peaceful retreats, North Carolina’s rental market is ripe with potential.
This guide focuses on the top mid-term rental markets in North Carolina, highlighting key areas that promise excellent returns. The state’s appeal is bolstered by its rich history, cultural diversity, and strong economic growth. Whether drawn to the innovation hubs of the Research Triangle or the scenic beauty of Asheville, investors can find lucrative opportunities across the state.
Our advanced tool, Chalet Intel, provides comprehensive insights and strategies tailored for investors at all levels. It includes a robust calculator, regulation summaries, and extensive data for each discussed market. Our dashboard offers comprehensive data on both short-term and mid-term rentals, enabling you to make well-informed decisions. Links for each market are available for detailed individual analysis.
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 4.20% increase in home values, with the average price now at $625,342. The market thrives with a median annual revenue of $23,100 and a monthly rate of $2,100. With 2,409 full-time listings and a property tax rate of 0.64%, the gross yield here is 3.69%.
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2. 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 6.10% increase in home values, with the average price now at $433,632. The market thrives with a median annual revenue of $22,000 and a monthly rate of $2,000. With 1,350 full-time listings and a property tax rate of 0.77%, the gross yield here is 5.07%.
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3. Durham, North Carolina
Durham, NC, known for its rich history and vibrant arts scene, is a dynamic city for mid-term rentals.
Durham has seen a 4.50% increase in home values, with the average price now at $451,087. The market thrives with a median annual revenue of $22,000 and a monthly rate of $2,000. With 1,588 full-time listings and a property tax rate of 0.88%, the gross yield here is 4.88%.
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4. 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 3.10% increase in home values, with the average price now at $527,115. The market shows promise with a median annual revenue of $24,200 and a monthly rate of $2,200. With 2,874 full-time listings and a property tax rate of 0.95%, the gross yield stands at 4.59%.
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5. 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 3.90% increase in home values, with the average price now at $516,026. The market shows promise with a median annual revenue of $23,100 and a monthly rate of $2,100. With 3,295 full-time listings and a property tax rate of 0.97%, the gross yield stands at 4.48%.
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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 5.20% increase in home values, with the average price now at $716,681. The market shows promise with a median annual revenue of $24,200 and a monthly rate of $2,200. With 2,140 full-time listings and a property tax rate of 0.78%, the gross yield stands at 3.38%.
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 mid-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.
