LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,825
Monthly Cash Flow
-$882
Principal + Equity
$3,029
Annual Total Gain
$25,766
Cash on Cash
-9.04%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Places to Retire in North Carolina
#133out of 355 markets
Best Places for Young Professionals in North Carolina
#67out of 509 markets
Places with the Best Public Schools in North Carolina
#58out of 355 markets
B
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Asheville, NC.
Asheville, NC has specific regulations in place for Short Term Rentals (STRs) that investors should be aware of before purchasing a property for this purpose. Some key regulations include:
1. Zoning restrictions: Asheville has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering is located in a zone that permits short term rentals.
2. Permit requirements: In Asheville, property owners must obtain a permit in order to operate a short term rental. This permit must be renewed annually and there are specific requirements that must be met in order to obtain and maintain the permit.
3. Occupancy limits: Asheville has occupancy limits for short term rentals, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they are in compliance with them.
4. Noise and nuisance regulations: Asheville has regulations in place to address noise and other nuisances that may be caused by short term rentals. Investors should be aware of these regulations and take steps to ensure that their property does not cause disturbances to neighbors.
5. Tax requirements: Property owners who operate short term rentals in Asheville are required to collect and remit occupancy taxes. Investors should be aware of these tax requirements and ensure that they are in compliance with them.
Overall, investors considering purchasing a property for short term rental in Asheville should thoroughly research and understand the regulations that govern this type of rental in order to ensure compliance and avoid potential issues.
Market Trends Over Time
Explore 25 years of market data for Asheville, NC, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Asheville, NC.
The LTR Genie Score of Asheville, NC is 62 and STR Genie Score is 59, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is low, which may be due to factors such as high competition or low demand for long-term rentals in the area. The LTR Net ROI of 22.01% suggests a decent return on investment for long-term rental properties. On the other hand, the STR Net ROI of 24.97% indicates a slightly higher return for short-term rental properties. The 1-Year Price Appreciation Forecast of 1.38% suggests a stable market with modest growth potential. The STR Occupancy rate of 56.67% and STR Revenue of 2488 indicate a steady demand for short-term rentals in Asheville.
Asheville, NC is a popular tourist destination known for its vibrant arts scene, historic architecture, and stunning mountain views. The city attracts visitors year-round, making it a potentially lucrative market for short-term rental investments. Additionally, Asheville's strong sense of community and diverse cultural offerings make it an attractive location for long-term rental properties as well.
In conclusion, Asheville, NC presents opportunities for both long-term and short-term rental investments. Real estate investors may consider diversifying their portfolio by investing in both rental strategies to capitalize on the city's growing popularity among tourists and residents alike. However, thorough market research and due diligence are recommended to ensure success in this competitive market.
LTR Genie Score 93
$89,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,567 sqft.🏠 SINGLE FAMILY
