Mid-Atlantic4.2% avg cap rateLive · 52 active listings

Outer Banks, NC

North Carolina's barrier island paradise

The Outer Banks stretches 100+ miles of undeveloped barrier islands off the NC coast, offering pristine beaches, wild horses, and the Wright Brothers National Memorial. The STR market here skews toward larger vacation homes — 3-5 BR cottages dominate, with strong family-group demand and multi-week summer bookings that drive exceptional gross revenue.

4.2%
Avg Cap Rate
Net operating income / price
62%
Avg Occupancy
Annual average
$283
Avg Nightly Rate
All property types
$938K
Median Price
STR-viable properties

Estimated Annual Performance

Gross rental revenue
62% occ × $283/night
$64,043
Est. operating expenses
Mgmt, cleaning, supplies, insurance (~40%)
– $25,617
Est. net operating income
Before mortgage & depreciation
$38,426
At median price
Implied cap rate
6.2%

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

Why Investors Choose Outer Banks

Larger homes = higher gross revenue per property
Multi-week summer blocks common (4–7 day minimums)
Kitty Hawk to Corolla — multiple distinct micro-markets
Low STR regulation — no town permit requirements in most areas
Peak season: June – August
Top property types: Single Family, Cottage, Oceanfront Home
Primary zip: 27959, 27954, 27949, 27981, 27982

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 52 active listings · last updated May 1, 2026

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