Press release from SmartAsset:
In a new study, SmartAsset analyzed data on 17 major cities to uncover the places where investors are taking advantage of the Airbnb market, and Asheville ranks in the number one spot, tying with Nashville.
Asheville has become a very popular tourist spot, with 400,000 more passengers flying in and out of the Asheville regional airport between 2000 and 2017. All this extra economic activity has led to an increase in the cost of living, especially when it comes to rent and many investors have recognized this. Active Airbnb listings equal 3.2% of the overall housing stock in the city, the most in our study, and of these Airbnbs, 50% of them see at least three visitors per month. The average Airbnb in Asheville is available to rent for over half the year as well.
Details on the study, including full methodology and rankings, can be found here: http://smartasset.com/financial-advisor/where-investors-are-taking-advantage-of-short-term-rental-market. For more information, contact Kara Gibson at email@example.com.