Last updated on June 21st, 2023
best places to airbnb in north carolina
Key Takeaways
- Charlotte is a fast-growing city with a hot real estate market and a strong economy that has allowed many Airbnb hosts & investors to generate a nice passive income with rental properties.
- Explore the benefits of investing in rental properties in Charlotte, North Carolina, and nearby cities.
- Get to know the most profitable neighborhoods and nearby cities in Charlotte along with their recommended property types and respective Airbnb data.
Introduction
The Queen City of North Carolina, Charlotte, is the cultural, economic, and transportation center of the state. The city is widely known as the epicenter of the exciting Nascar races. But aside from that, you will also find cosmopolitan neighborhoods, fascinating museums, and top-tier restaurants.
Charlotte is one of the best places to live in the US thanks to its great quality of life, hot real estate market, and solid job opportunities. But that’s not all because it also offers great schools, higher education institutes, and plenty of recreational options.
Feel free to listen and learn more about Airbnb insights in Charlotte with our podcast, Into The Airbnb as we featured a host in this city!
In this article, we feature the best places to do Airbnb in Charlotte, North Carolina, and some of the benefits for real estate investments in the city. Interested to learn more? Then you should continue reading.
Advantages of buying an investment property in Charlotte, North Carolina
Starting an Airbnb business in Charlotte or nearby cities in North Carolina is a great way of earning a passive income since it offers great opportunities for property investors.
Without a doubt, Charlotte is a place like no other as it has a lot to offer, but you may be wondering – what kind of advantages does this city in North Carolina offer to real estate investors? Check out some of the major benefits that Charlotte offers:
Reasonable housing prices
Charlotte’s overall economy and job market are growing rather quickly, thus, more people are interested to move in this city. For that reason, the demand is exceeding the supply. The average property price is currently $369K with a 1-year value change of 5.7% as confirmed by Zillow.
According to Norada Real Estate report, Charlotte is a hot market for investors and also one of the best long-term real estate investments in the U.S.
Strong economy with a booming job market
The people in Charlotte enjoy a strong and diversified economy. Some of the key industries that greatly contribute to the city’s economic situation are tech, financial services, health care, and transportation among others.
Many major companies are settled in Charlotte, such as the Bank of America, Wells Fargo, American Airlines, and Dillar’s. Thanks to this, the city’s employment market grows rather quickly as it offers a plethora of interesting job opportunities.
Plenty of things to do
Charlotte offers plenty of green spaces and exciting outdoor & indoor activities. The city is close to the National Whitewater Center and is just a 3-hour drive from the beach.
So it doesn’t matter if you are in the mood to go hiking, practice kayaking or do watersports because you will find everything around Charlotte. There are also more than 40 golf courses and notable museums, so it is almost impossible not to find something to do during your free time in Charlotte.
Is Airbnb Profitable in Charlotte, NC?
Let’s cut to the chase! Airbtics confirms that Airbnb investment properties in Charlotte are certainly financially rewarding. But investors should still take into account that the level of profitability depends on the property type and location.
However, if you are still uncertain about buying an investment property, you can always try doing rental arbitrage in Charlotte.
According to Airbtics’ data, an average Airbnb host can earn up to $34,835 with an average occupancy rate of 76% for managing a 1-bedroom property in Charlotte. With over 1,979 Airbnb listings in Charlotte and a seasonality of 39%, it’s certainly a catch for property investors!
10 Most Profitable Places to Airbnb near Charlotte, NC
Charlotte is the most populous city in the state of North Carolina and has more than 199 designated neighborhoods. Aside from that, there are a variety of nearby cities that are attractive as well so it’s easy to understand why you may be having a hard time choosing the perfect location for your Airbnb listing around Charlotte!
Check out the best neighborhoods and nearby cities in Charlotte, North Carolina, that are highly recommended for starting an Airbnb business:
1. Ashley Park, Charlotte
- Total Number of Airbnb Listings: 26
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $249,500
- Airbnb Annual revenue: $51,403
- Gross rental yield: 20.60%
2. Barclay Downs, Charlotte
- Total Number of Airbnb Listings: 34
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $274,900
- Airbnb Annual revenue: $55,665
- Gross rental yield: 20.25%
3. Wilmore, Charlotte
- Total Number of Airbnb Listings: 38
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $345,000
- Airbnb Annual revenue: $42,756
- Gross rental yield: 17%
4. Dilworth, Charlotte
- Total Number of Airbnb Listings: 72
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $300,000
- Airbnb Annual revenue: $46,328
- Gross rental yield: 15.44%
5. Madison Park, Charlotte
- Total Number of Airbnb Listings: 33
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $400,000
- Airbnb Annual revenue: $59,676
- Gross rental yield: 15%
6. Winston-Salem, NC
- Distance from Charlotte: 65 miles
- Total Number of Airbnb Listings: 462
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $139,900
- Airbnb Annual revenue: $36,854
- Gross rental yield: 26.34%
7. Greensboro, NC
- Distance from Charlotte: 83 miles
- Total Number of Airbnb Listings: 398
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $145,000
- Airbnb Annual revenue: $34,122
- Gross rental yield: 23.53%
8. Beech Mountain, NC
- Distance from Charlotte: 89 miles
- Total Number of Airbnb Listings: 510
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $249,000
- Airbnb Annual revenue: $40,298
- Gross rental yield: 16.18%
9. Asheville, NC
- Distance from Charlotte: 100 miles
- Total Number of Airbnb Listings: 1,224
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $339,900
- Airbnb Annual revenue: $64,348
- Gross rental yield: 19%
10. Fayetteville, NC
- Distance from Charlotte: 106 miles
- Total Number of Airbnb Listings: 323
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $168,900
- Airbnb Annual revenue: $27,528
- Gross rental yield: 16.30%
Takeaway
In summary, Charlotte has a few great neighborhoods and nearby cities that can bring attractive rental yields and annual revenue. For this reason, it has many lucrative areas that offer good investment opportunities to Airbnb hosts & investors. Yet, we encourage Airbnb hosts like you to analyze each of the options carefully.
Discovering the best places to Airbnb around Charlotte, North Carolina is certainly a magnificent way to start your journey and now you should go further. Check our Airbnb profit estimator and maximize your profitability now!
Explore The Most Profitable Airbnb Locations Near Charlotte, NC
