Asheville ranked top city for Airbnb investors

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 kgibson@smartasset.com.

SHARE
About Community Bulletin
Mountain Xpress posts selected news and information of local interest as a public service for our readers. To submit press releases and other community material for possible publication, email news@mountainx.com.

Before you comment

The comments section is here to provide a platform for civil dialogue on the issues we face together as a local community. Xpress is committed to offering this platform for all voices, but when the tone of the discussion gets nasty or strays off topic, we believe many people choose not to participate. Xpress editors are determined to moderate comments to ensure a constructive interchange is maintained. All comments judged not to be in keeping with the spirit of civil discourse will be removed and repeat violators will be banned. See here for our terms of service. Thank you for being part of this effort to promote respectful discussion.

One thought on “Asheville ranked top city for Airbnb investors

  1. Matt

    How is this even possible when AirBNB is basically illegal in Asheville? What am I missing?

Leave a Reply to Matt ×

To leave a reply you may Login with your Mountain Xpress account, connect socially or enter your name and e-mail. Your e-mail address will not be published. All fields are required.