Southeast4.2% avg cap rateLive · 41 active listings

Asheville, NC

Blue Ridge arts & culture - strong year-round demand

Asheville has built a national reputation as the cultural capital of the Southeast, with a thriving arts scene, James Beard-nominated restaurant row, and stunning Blue Ridge Parkway access. STR demand runs year-round - fall foliage rivals Vermont, summer hiking is strong, and the bachelorette/group travel market is enormous. City STR regulations require a permit and owner-occupancy in some zones.

4.2%
Avg Cap Rate
Net operating income / price
38%
Avg Occupancy
Annual average
$307
Avg Nightly Rate
All property types
$734K
Avg List Price
STR-viable properties

41 active listings in Asheville are analyzed and ranked right now

Scored 1-10 against real Airbnb comps. See which properties rank highest and why.

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Estimated Annual Performance

Gross rental revenue
38% occ × $307/night
$42,021
Est. operating expenses
Mgmt, cleaning, supplies, insurance (~40%)
- $16,808
Est. net operating income
Before mortgage & depreciation
$25,213
At $734K avg price
Implied cap rate
3.4%

* Estimates based on market averages. Individual property performance varies. Always run a full underwriting analysis.

Why Investors Choose Asheville

Named #1 US travel destination multiple years running
Bachelorette capital of the Southeast - extremely high group ADR
Blue Ridge Parkway access - hiking and fall foliage demand
Check permit requirements - city has active STR ordinance
Peak season: Sept - Nov (foliage), summer
Top property types: Cottage, Craftsman, Cabin, Bungalow
Primary zip: 28801, 28803, 28804, 28805, 28806

Asheville STR investing, answered

Is Asheville, NC a good short-term rental market?

Asheville is a Southeast STR market averaging a 4.2% cap rate, 38% annual occupancy, and $307/night across STR-viable listings, based on 41 active listings. Asheville has built a national reputation as the cultural capital of the Southeast, with a thriving arts scene, James Beard-nominated restaurant row, and stunning Blue Ridge Parkway access. STR demand runs year-round - fall foliage rivals Vermont, summer hiking is strong, and the bachelorette/group travel market is enormous. City STR regulations require a permit and owner-occupancy in some zones.

What is the average Airbnb occupancy rate in Asheville?

STR-viable properties in Asheville average about 38% occupancy across the year. Peak season is Sept - Nov (foliage), summer. Occupancy here reflects availability-adjusted booking performance, not raw calendar occupancy, so it represents what a full-time operated rental can realistically achieve.

How much do short-term rentals earn in Asheville?

At $307/night and 38% occupancy, a typical Asheville STR grosses roughly $42,021 per year before expenses, leaving an estimated $25,213 in net operating income against a $734K average price, an implied 3.4% cap rate. Individual results depend on property, amenities, and management.

What types of properties work best for STR in Asheville?

The strongest-performing STR property types in Asheville are Cottage, Craftsman, Cabin, Bungalow. Named #1 US travel destination multiple years running. Matching the local guest profile and the amenities that drive bookings in this market matters more than raw square footage.

What is the median STR-viable home price in Asheville?

STR-viable listings in Asheville average around $734K. Primary STR ZIP codes include 28801, 28803, 28804. Combined with the market's 4.2% average cap rate, that price level sets the return baseline you'd underwrite against.

Market averages, not guarantees. Cap rates, occupancy, and nightly rates are market-wide averages based on active STR listings and historical data. Individual property performance depends on location, amenities, management, and listing quality. Always run a full underwriting analysis before purchasing.Stats sourced from 41 active listings · last updated Sep 1, 2026

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