Airbnb City Guide: The Best Places To Invest in Raleigh, North Carolina

Airbnb Rules and Regulations in Raleigh, North Carolina

As of 2024, short-term rental operators in Raleigh must obtain an annual zoning permit from the city and conspicuously display their permit number on all advertisements. Rentals are limited to a maximum occupancy of two adults per bedroom plus two additional guests. Property in residential zoning districts is prohibited from holding special events or gatherings. Hosts must comply with all applicable state and local laws related to fire codes, building codes, smoke and carbon monoxide detectors, housing standards, and tax obligations, including sales and occupancy taxes.

In multi-unit buildings, short-term rentals cannot exceed 25% of the total units or two units, whichever is greater. Hosts are required to maintain a guest registry for three years and may have their permit revoked if they receive two verified violations or a criminal conviction within a 365-day period. The city enforces quiet hours from 10pm to 7am, and short-term rentals must adhere to parking restrictions based on the number of bedrooms.

Raleigh Airbnb Market Data:

• Average Revenue – $23.7K per year
• Average Daily Rate – $146 per night
• Average Occupancy Rate – 54%
• Average RevPAR – $78.7
• Average Home Prices – $434,407

1. Top Place to Invest in Raleigh, North Carolina - Bloomsbury Historic District

Nestled in the heart of Raleigh, the Bloomsbury Historic District offers a charming blend of history and modern convenience. This picturesque neighborhood boasts a collection of well-preserved Victorian and Craftsman-style homes, making it an attractive destination for starting a new Instagrammable Airbnb.

Bloomsbury Historic District Airbnb Market Data:

• Average Revenue – $26.9K per year
• Average Daily Rate – $154.4 per night
• Average Occupancy Rate – 67%
• Average RevPAR – $101.4

Convenience - 7/10

Bloomsbury Historic District's central location provides easy access to downtown Raleigh's amenities, including grocery stores, restaurants, and public transportation. However, parking can be limited in certain areas, and traffic congestion may be a concern during peak hours.

Tourist Attractions - 8/10

The neighborhood's proximity to popular attractions such as the North Carolina Museum of History, the North Carolina State Capitol, and the Raleigh Convention Center makes it an appealing choice for tourists. Visitors can also enjoy the district's architectural beauty by taking a leisurely stroll through the tree-lined streets.

Things to Do - 6/10

While the Bloomsbury Historic District offers limited entertainment options, its central location allows residents and visitors to easily explore the diverse range of activities in downtown Raleigh. From cultural events to outdoor recreation, there's something for everyone within a short distance.

Average Home Prices - 7/10

As of 2024, the median home value in the Bloomsbury Historic District stands at $650,000, according to Zillow data. This represents a 3.2% appreciation rate over the past year, indicating a stable and growing real estate market. However, the higher price point may be a barrier for some investors.

Proximity to Work-Related Travel - 8/10

The district's central location makes it an ideal choice for starting a corporate rental since it will attract those who frequently travel for work. The Raleigh Convention Center, WakeMed Hospital, and various sports venues are all within a short drive or public transit ride, ensuring convenient access for professionals.

X-Factor - 9/10

The Bloomsbury Historic District's unique selling point lies in its historic charm and architectural beauty. The meticulously maintained homes and tree-lined streets create a captivating atmosphere that sets it apart from other neighborhoods in Raleigh. This ambiance is highly desirable for both long-term residents and short-term rental guests seeking an authentic and memorable experience.

2. Top Place to Invest in Raleigh, North Carolina - South Park

South Park, a vibrant and growing neighborhood in Raleigh, North Carolina, has emerged as an attractive destination for both residents and investors. With its mix of residential and commercial developments, excellent accessibility, and proximity to key attractions, South Park offers a compelling investment opportunity for those looking to establish a short-term rental and capitalize on the city's thriving rental market.

South Park Airbnb Market Data:

• Average Revenue – $33.1K per year
• Average Daily Rate – $152.4 per night
• Average Occupancy Rate – 61%
• Average RevPAR – $100.6

Convenience - 8/10

One of South Park's greatest strengths is its convenience. The neighborhood is well-connected to major highways, making it easy to navigate the city and access essential amenities. Various shopping centers, grocery stores, and restaurants are within a short drive, catering to the needs of residents and visitors.

Tourist Attractions - 6/10

While South Park itself may not be a primary tourist destination, its location provides easy access to several popular attractions in Raleigh. The North Carolina Museum of Art, Pullen Park, and the North Carolina State University campus are all within a 15-minute drive, offering a range of cultural and recreational activities for visitors.

Things to Do - 7/10

South Park offers a diverse array of things to do, particularly for those who enjoy outdoor activities. The nearby Walnut Creek Wetland Park provides hiking, birdwatching, and picnicking opportunities. The neighborhood also boasts several local breweries and restaurants, perfect for unwinding after a long day of exploring the city.

Average Home Prices - 8/10

According to Zillow data, the median home value in South Park as of 2024 is $420,000. This represents a 4.5% appreciation rate over the past year, indicating a strong and growing real estate market. The relatively affordable prices and the potential for appreciation make South Park an attractive option for investors.

Proximity to Work-Related Travel - 7/10

South Park's location offers convenient access to several key work-related destinations. The WakeMed Raleigh Campus is just a 10-minute drive away, while the Raleigh Convention Center and downtown business district are within a 20-minute drive. However, traffic congestion during peak hours may be a consideration for some travelers.

X-Factor - 7/10

Its unique blend of urban convenience and natural beauty sets South Park apart. The neighborhood's proximity to parks and green spaces provides a refreshing escape from the hustle and bustle of city life, while offering easy access to all the amenities and attractions Raleigh has. This balance makes South Park an appealing choice for both short-term rental guests and long-term residents.

3. Top Place to Invest in Raleigh, North Carolina - Mordecai

Mordecai, a historic neighborhood in Raleigh, North Carolina, has become an increasingly popular destination for both residents and visitors. With its rich history, stunning architecture, and convenient location, Mordecai offers a unique investment opportunity for those wanting to enter the Airbnb business.

Mordecai Airbnb Market Data:

• Average Revenue – $17.9K per year
• Average Daily Rate – $143.8 per night
• Average Occupancy Rate – 43%
• Average RevPAR – $60.7

Convenience - 8/10

Mordecai's central location is one of its greatest assets. Situated just north of downtown Raleigh, the neighborhood offers easy access to a wide range of amenities, including grocery stores, restaurants, and public transportation. This convenience makes it an attractive option for both short-term rental guests and long-term residents.

Tourist Attractions - 9/10

The Mordecai neighborhood is home to several notable tourist attractions, including the historic Mordecai House and Park. This antebellum plantation home, built in 1785, offers guided tours and special events throughout the year, drawing visitors from around the region. The nearby Person Street business district also features a variety of local shops, restaurants, and galleries, providing plenty of options for tourists to explore.

Things to Do - 7/10

While Mordecai itself may not have an extensive list of things to do, its proximity to downtown Raleigh and other nearby neighborhoods offers plenty of options for entertainment and recreation. The North Carolina Museum of History, the North Carolina State Capitol, and the Raleigh Convention Center are all within a short drive or public transit ride.

Average Home Prices - 7/10

According to Zillow data, the median home value in Mordecai as of 2024 is $550,000. This represents a 3.8% appreciation rate over the past year, indicating a stable and growing real estate market. While the prices may be higher than some other areas of Raleigh, the neighborhood's unique character and desirable location make it an attractive option for investors.

Proximity to Work-Related Travel - 8/10

Mordecai's central location makes it an ideal choice for those who frequently travel for work. The neighborhood is just a short drive from the Raleigh Convention Center, WakeMed Hospital, and various sports venues, ensuring convenient access for professionals.

X-Factor - 9/10

What sets Mordecai apart is its rich history and stunning architecture. The neighborhood features a mix of beautifully restored historic homes and newer developments, creating a charming and unique atmosphere that is highly desirable for both short-term rental guests and long-term residents. The sense of community and small-town feel, combined with the convenience of a central location, make Mordecai a truly special place to invest in.

4. Top Place to Invest in Raleigh, North Carolina - Five Points

Nestled just north of downtown Raleigh, the charming Five Points neighborhood offers a perfect blend of historic charm, modern amenities, and a thriving community atmosphere. With its tree-lined streets, unique local businesses, and proximity to the city's top attractions, Five Points has emerged as a prime location for Airbnb and short-term rental investors.

Five Points Airbnb Market Data:

• Average Revenue – $26.9K per year
• Average Daily Rate – $154.4 per night
• Average Occupancy Rate – 67%
• Average RevPAR – $101.4

Convenience - 9/10

One of Five Points' greatest strengths is its unbeatable convenience. The neighborhood's central location provides easy access to major highways, downtown Raleigh, and a wide array of amenities. Residents and visitors alike can enjoy a variety of local shops, restaurants, and entertainment options within walking distance, making it an ideal spot for those seeking a walkable, urban lifestyle.

Tourist Attractions - 7/10

While Five Points itself may not be a primary tourist destination, its proximity to Raleigh's top attractions makes it an attractive choice for visitors. The North Carolina Museum of History, the North Carolina Museum of Natural Sciences, and the State Capitol are all within a short drive, offering a wealth of educational and cultural experiences. Additionally, the neighborhood's unique local businesses, such as the historic Rialto Theatre and the eclectic NOFO @ the Pig, provide a taste of authentic Raleigh charm.

Things to Do - 8/10

Five Points boasts diverse activities and entertainment options for residents and visitors alike. There's never a dull moment, from browsing the local boutiques and art galleries to enjoying a craft beer at one of the neighborhood's breweries. Outdoor enthusiasts will appreciate the nearby Roanoke Park and Kiwanis Park, which offer green spaces for picnics, sports, and relaxation. The neighborhood also hosts various local community events throughout the year, fostering a strong sense of camaraderie and local pride.

Average Home Prices - 7/10

According to Zillow data, the median home value in Five Points as of February 2024 is $662,000, representing a 10.3% appreciation rate over the past year. While prices in the neighborhood are higher than the Raleigh average of $434,407, the area's desirability and potential for continued growth make it an attractive investment opportunity. The competitive housing market, with homes selling within 48 days on average, further demonstrates the strong demand for properties in Five Points.

Proximity to Work-Related Travel - 8/10

Five Points' central location makes it an ideal choice for professionals who frequently travel for work. The neighborhood is just minutes away from major employers, hospitals, and the Raleigh Convention Center. Its proximity to major highways and Raleigh-Durham International Airport also ensures convenient access for those who need to travel by car or plane.

X-Factor - 9/10

What sets Five Points apart is its perfect blend of historic charm and modern vibrancy. The neighborhood's tree-lined streets and well-preserved historic homes create a timeless ambiance, while the thriving local business scene and community spirit add a contemporary energy. This unique combination, along with the neighborhood's walkability and convenience, makes Five Points a highly desirable location for both residents and short-term rental guests seeking an authentic Raleigh experience.

5. Top Place to Invest in Raleigh, North Carolina - Glenwood South

Glenwood South, a vibrant and eclectic district in the heart of Raleigh, has emerged as a prime location for Airbnb and short-term rental investments. With its unique blend of dining, nightlife, art galleries, and residential options, this neighborhood offers a compelling opportunity for investors looking to launch a short-term rental and capitalize on the city's thriving tourism and real estate market.

Glenwood South Airbnb Market Data:

• Average Revenue – $21.4K per year
• Average Daily Rate – $152.5 per night
• Average Occupancy Rate – 43%
• Average RevPAR – $72.1

Convenience - 9/10

One of Glenwood South's greatest strengths is its unparalleled convenience. Situated just north of downtown Raleigh, the district boasts easy access to major highways, public transportation, and a plethora of amenities. The area's walkability is a major draw, with wide sidewalks and crosswalks allowing residents and visitors to explore the neighborhood's offerings on foot.

Tourist Attractions - 8/10

While Glenwood South itself may not be a primary tourist destination, its proximity to Raleigh's top attractions makes it an attractive choice for visitors. The North Carolina Museum of History, the North Carolina Museum of Natural Sciences, and the State Capitol are all within a short drive or public transit ride. Additionally, the district's unique local businesses, such as art galleries, vintage clothing stores, and specialty shops, provide a taste of authentic Raleigh charm.

Things to Do - 9/10

Glenwood South offers an unrivaled array of dining, nightlife, and entertainment options. From upscale restaurants like Sullivan's Steakhouse and Vidrio to casual eateries like Sushi Blues Cafe and The Rockford, there's something to suit every taste and budget. The district's bar scene is equally impressive, with hotspots like Raleigh Beer Garden, which boasts the world's largest selection of draft beer, and The Wine Feed, a specialty wine retailer with an inviting tasting space.

Average Home Prices - 7/10

According to Zillow data, the average home value in Glenwood South is $1,132,009 as of November 2023, representing a 6.0% appreciation rate over the past year. While prices in the district are higher than the Raleigh average of $427,565, the area's desirability and potential for continued growth make it an attractive investment opportunity. The competitive housing market, with homes selling quickly, further demonstrates the strong demand for properties in Glenwood South.

Proximity to Work-Related Travel - 8/10

Glenwood South's central location makes it an ideal choice for professionals who frequently travel for work. The district is just minutes away from major employers, hospitals, and the Raleigh Convention Center. Its proximity to major highways and the Raleigh-Durham International Airport also ensures convenient access for those who need to travel by car or plane.

X-Factor - 9/10

What sets Glenwood South apart is its unparalleled blend of urban energy and local charm. The district's streets are lined with progressive restaurants, unique shops, art galleries, and beautifully restored historic buildings, creating a captivating atmosphere that is highly desirable for both short-term rental guests and long-term residents. The neighborhood's lively events, such as art walks and pop-up markets, foster a strong sense of community and add to its irresistible appeal.