Introduction
Asheville, North Carolina, is known for its vibrant arts scene, stunning mountain views, and proximity to the Blue Ridge Parkway. This makes it an attractive destination for tourists and a lucrative market for short-term rental investors. Below are the top-performing ZIP codes in Asheville based on gross yield, annual revenue, and property values.
28801 – Heart of Downtown Asheville
- Gross Yield: 7%
- Annual Revenue: $39,817
- Zillow Home Value: $575.6K
ZIP code 28801 includes downtown Asheville, a hub of activity with a mix of eclectic restaurants, breweries, and boutique shops. The gross yield of 7% and an annual revenue of $39,817 make this one of the most profitable areas for short-term rentals in Asheville. The higher Zillow home value of $575.6K reflects the premium cost of owning property in this bustling urban core. It’s an ideal investment for those targeting travelers seeking convenience and proximity to Asheville’s cultural landmarks.
28805 – East Asheville’s Tranquility
- Gross Yield: 6%
- Annual Revenue: $29,356
- Zillow Home Value: $469.2K
East Asheville, covered by ZIP code 28805, offers a quieter, residential feel while still being close to downtown and outdoor attractions like the Blue Ridge Parkway. With a gross yield of 6% and annual revenue of $29,356, this area provides steady returns. Homes in this area are priced moderately, with a Zillow home value of $469.2K, making it a great choice for investors looking for a balance between cost and profitability.
28803 – South Asheville’s Growing Market
- Gross Yield: 6%
- Annual Revenue: $28,526
- Zillow Home Value: $463.2K
South Asheville is known for its family-friendly neighborhoods and access to top amenities like the Biltmore Estate and the popular Biltmore Park. Investors here can expect a gross yield of 6% and an annual revenue of $28,526. With a Zillow home value of $463.2K, this area is attractive for buyers seeking steady growth and a mix of short-term and long-term rental opportunities.
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28806 – West Asheville’s Trendy Appeal
- Gross Yield: 6%
- Annual Revenue: $24,532
- Zillow Home Value: $413.5K
West Asheville, represented by ZIP code 28806, is a trendy neighborhood popular among young travelers and locals alike. It offers vibrant dining options, craft breweries, and a laid-back vibe. The gross yield of 6% and an annual revenue of $24,532 reflect its appeal to renters looking for a unique experience. Properties in this area are relatively affordable, with a Zillow home value of $413.5K, making it a great option for first-time investors.
28804 – North Asheville’s Scenic Retreat
- Gross Yield: 4%
- Annual Revenue: $27,499
- Zillow Home Value: $625.4K
ZIP code 28804 covers North Asheville, a scenic and serene area ideal for vacationers seeking mountain views and upscale accommodations. With a gross yield of 4%, this area provides slightly lower returns, but the high Zillow home value of $625.4K makes it a premium location for luxury short-term rentals. Its proximity to the Grove Park Inn and other attractions enhances its appeal to affluent visitors.
Conclusion
Asheville offers diverse opportunities for short-term rental investors, from the urban appeal of downtown (28801) to the serene, upscale market of North Asheville (28804). Each ZIP code provides unique advantages, whether it’s targeting budget-conscious tourists or luxury travelers. With its steady tourism demand and cultural significance, Asheville remains a top contender for short-term rental investments.
