LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,543
Monthly Cash Flow
-$64
Principal + Equity
$1,833
Annual Total Gain
$21,234
Cash on Cash
-1.11%
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
#83out of 355 markets
Most Diverse Places to Live in North Carolina
#90out of 509 markets
Places with the Best Public Schools in North Carolina
#196out of 355 markets
B-
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in New Bern, NC.
In New Bern, NC, Short Term Rentals (STRs) are regulated by the city's zoning ordinances. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Zoning Restrictions: The city of New Bern has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Permitting Requirements: In order to operate a STR in New Bern, property owners must obtain a permit from the city. This permit may require an inspection of the property to ensure it meets safety and health standards.
3. Occupancy Limits: The city of New Bern may have restrictions on the number of guests allowed to stay in a STR at any given time. Investors should be aware of these limits and ensure they comply with them.
4. Noise and Nuisance Regulations: The city of New Bern may have noise and nuisance regulations that apply to STRs. Investors should familiarize themselves with these regulations and ensure they are able to comply with them.
5. Taxation: Property owners operating STRs in New Bern may be subject to certain taxes, such as occupancy taxes. Investors should be aware of these tax obligations and factor them into their financial planning.
6. Homeowner's Association Rules: If the property is located in a community with a homeowner's association, investors should review the association's rules and regulations regarding STRs. Some homeowner's associations may have restrictions or prohibitions on short term rentals.
Overall, investors looking to purchase a property in New Bern, NC for short term rental purposes should thoroughly research and understand the local regulations and requirements governing STRs in order to ensure a successful investment.
Market Trends Over Time
Explore 25 years of market data for New Bern, 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 New Bern, NC.
The LTR Genie Score of New Bern, NC is 76 and STR Genie Score is 79, indicating a high level of attractiveness for both long-term and short-term rental investments. The moderate LTR Rentability suggests that while long-term rentals may not be as lucrative as short-term rentals in this market, the LTR Net ROI of 30.62% is still quite favorable. The STR Net ROI of 35.64% and high STR Genie Score further support the potential for strong returns in the short-term rental sector.
New Bern, NC is a historic town located on the Neuse River, known for its charming downtown area and proximity to the coast. The 1-Year Price Appreciation Forecast of 3.1% indicates a stable market with potential for growth. With a STR Occupancy rate of 61.29% and STR Revenue of 2156, the short-term rental market in New Bern appears to be thriving.
Overall, New Bern, NC presents a promising opportunity for real estate investors interested in both long-term and short-term rental properties. The combination of high Genie Scores, favorable ROI metrics, and positive market forecasts make this market attractive for investors looking to capitalize on the growing demand for rental properties in a picturesque coastal town.
LTR Genie Score 93
$120,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,307 sqft.🏠 SINGLE FAMILY
