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

Airbnb Rules and Regulations in Charlotte, North Carolina

Charlotte enforces short-term rental regulations that balance the vacation rental industry's growth and local communities' well-being. Hosts are required to obtain a zoning permit, which must be renewed annually, and comply with all applicable state and local laws related to fire and building codes, smoke and carbon monoxide detectors, housing codes, and tax payments. Short-term rental operators must maintain a list of all lodgers for three years and conspicuously display their zoning permit number on all advertisements.

Additionally, hosts are prohibited from using their premises for special events or gatherings in residential zoning districts. While the city has not imposed strict occupancy limits, hosts are encouraged to register their properties with the Charlotte-Mecklenburg Police Department's free registry for short- and long-term rentals. It is crucial for hosts to familiarize themselves with the city's zoning ordinances and obtain a business license to ensure compliance with Charlotte's evolving short-term rental landscape.

Charlotte Airbnb Market Data:

• Average Revenue – $30.1K per year
• Average Daily Rate – $198.2 per night
• Average Occupancy Rate – 50%
• Average RevPAR – $99.3
• Average Home Prices – $391,750

1. Top Place to Invest in Charlotte, North Carolina - Uptown Charlotte

Uptown Charlotte, the heart of the Queen City, is a vibrant and bustling urban center offering a perfect blend of modern amenities, rich history, and endless opportunities for residents and visitors alike. This dynamic neighborhood has become a magnet for upcoming Airbnb rentals seeking to capitalize on its growing popularity and strong rental demand.

Uptown Charlotte Airbnb Market Data

• Average Revenue – $34.8K per year
• Average Daily Rate – $207.9 per night
• Average Occupancy Rate – 54%
• Average RevPAR – $111.3

Convenience - 9/10

Uptown Charlotte boasts unparalleled convenience, with a wide array of shops, restaurants, and services within walking distance. The neighborhood's well-connected public transportation system, including the LYNX Light Rail and numerous bus routes, makes navigating the area a breeze. Its central location also provides easy access to major highways, ensuring quick commutes to other parts of the city.

Tourist Attractions - 8/10

The area is home to several world-class museums, such as the Mint Museum and the Bechtler Museum of Modern Art, which showcase stunning collections and exhibitions. The NASCAR Hall of Fame is a must-visit for racing enthusiasts, while the Levine Center for the Arts offers a diverse range of cultural experiences. Although Uptown Charlotte has a solid selection of attractions, it may not have the same depth and variety as some larger cities.

Things to Do - 9/10

From catching a Broadway show at the Blumenthal Performing Arts Center to enjoying a picnic at Romare Bearden Park, Uptown Charlotte offers an endless array of activities for all ages and interests. The EpiCentre, a sprawling entertainment complex, features restaurants, bars, and a movie theater, while the 7th Street Public Market is perfect for sampling local cuisine and artisanal goods. The neighborhood also hosts numerous festivals and events throughout the year, ensuring there's always something exciting happening.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Uptown Charlotte is $450,000, representing a 4.5% appreciation rate over the past year. While this price point may be higher than some other areas of the city, it reflects the neighborhood's prime location, modern amenities, and strong rental demand. Investors can expect to see steady appreciation in property values over the long term, making Uptown Charlotte a solid choice for those seeking a balance of rental income and capital growth.

Proximity to Work-Related Travel - 10/10

Uptown Charlotte is the city's primary business district, home to numerous corporate headquarters, financial institutions, and professional services firms. The neighborhood also boasts several world-class healthcare facilities, including Atrium Health's Carolinas Medical Center and Novant Health Presbyterian Medical Center. With the Charlotte Convention Center located in the heart of Uptown, the area is a prime destination for business travelers attending conferences and trade shows. Additionally, the Bank of America Stadium, home to the NFL's Carolina Panthers, and the Spectrum Center, where the NBA's Charlotte Hornets play, attract sports enthusiasts from around the country. Hosts can even set up themed properties to attract sports fans from different locations.

X-Factor - 9/10

What sets Uptown Charlotte apart is its unique blend of urban sophistication and Southern charm. The neighborhood's stunning skyline, featuring iconic buildings like the Bank of America Corporate Center and the Duke Energy Center, is a testament to its role as a major financial and business hub. At the same time, the area's tree-lined streets, historic architecture, and friendly locals create a welcoming atmosphere that makes visitors feel right at home. This combination of modern amenities and small-town hospitality is what makes Uptown Charlotte a truly special place to invest in and experience.

2. Top Place to Invest in Charlotte, North Carolina - Plaza Midwood

Plaza Midwood, affectionately known as "Plaza" by locals, is a vibrant and eclectic neighborhood on the east side of Charlotte. This historic district has undergone significant changes over the past decade, transforming into a desirable location for residents and visitors, making it an attractive option for Airbnb and short-term rental investors.

Plaza Midwood Airbnb Market Data

• Average Revenue – $27.8K per year
• Average Daily Rate – $175.6 per night
• Average Occupancy Rate – 52%
• Average RevPAR – $91.6

Convenience - 8/10

Plaza Midwood's central location and proximity to Uptown Charlotte make it incredibly convenient. The neighborhood is well-connected by public transportation, with numerous bus routes and the LYNX light rail system nearby. Residents enjoy walkable streets lined with diverse shops, restaurants, and amenities, ensuring that most daily needs can be met without venturing far from home.

Tourist Attractions - 7/10

While Plaza Midwood may not boast major tourist attractions, it offers a unique charm that draws visitors seeking an authentic Charlotte experience. The neighborhood's colorful street art, tattoo parlors, and eclectic shops create a funky, artsy vibe that appeals to those looking for something off the beaten path. Historic landmarks like the Van Landingham Estate and the Plaza Midwood Library add a touch of cultural interest to the area.

Things to Do - 9/10

Plaza Midwood is a haven for foodies, with an impressive selection of restaurants, cafes, and bars catering to every taste and budget. From classic Southern comfort food at the Diamond Restaurant to innovative craft cocktails at Soul Gastrolounge, there's no shortage of culinary adventures to be had. The neighborhood also boasts a thriving music and arts scene, with venues like Snug Harbor and the Evening Muse hosting live performances regularly. Outdoor enthusiasts will appreciate Midwood Park, a popular spot for picnics, tennis, and community events.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Plaza Midwood is $525,000, reflecting a 6.1% appreciation rate over the past year. While prices are higher than in some other Charlotte neighborhoods, the area's popularity and growth potential justify the investment for many buyers. Investors can expect steady rental demand and the potential for long-term appreciation as the neighborhood continues to evolve and attract new residents.

Proximity to Work-Related Travel - 8/10

Plaza Midwood's location just east of Uptown Charlotte is close to major employers, hospitals, and the Charlotte Convention Center. The neighborhood's easy access to I-277 and US-74 makes commuting to other parts of the city a breeze. For those working in Uptown, the short drive or light rail ride is a convenient option, while the nearby Atrium Health Mercy hospital is easily accessible for medical professionals.

X-Factor - 9/10

What sets Plaza Midwood apart is its undeniable sense of community and inclusivity. The neighborhood's diverse population, ranging from young professionals to empty nesters, creates a welcoming atmosphere where everyone feels at home. The area's strong support for local businesses and commitment to preserving its unique character has fostered a tight-knit community that takes pride in its neighborhood. This strong sense of belonging, coupled with the area's growth and popularity, makes Plaza Midwood a compelling choice for Airbnb and short-term rental investors seeking a location with heart and soul.

3. Top Place to Invest in Charlotte, North Carolina - Westerly Hills

Westerly Hills, a hidden gem in the heart of Charlotte, is a charming and affordable neighborhood that has been gaining attention from savvy investors and homebuyers alike. With its prime location, family-friendly atmosphere, and untapped potential, Westerly Hills is poised to become one of the city's most sought-after communities for launching a short-term rental venture.

Westerly Hills Airbnb Market Data

• Average Revenue – $30.4K per year
• Average Daily Rate – $195.7 per night
• Average Occupancy Rate – 52%
• Average RevPAR – $102.1

Convenience - 7/10

Situated just west of Uptown Charlotte, Westerly Hills offers a convenient location with easy access to major highways, including I-77 and I-85. While the neighborhood itself is primarily residential, residents can find a variety of shops, restaurants, and services within a short drive. The nearby Westerly Hills Shopping Center provides a selection of local businesses and amenities, while the Charlotte-Douglas International Airport is just a 15-minute drive away.

Tourist Attractions - 5/10

As a primarily residential area, Westerly Hills does not boast many tourist attractions within its borders. However, the neighborhood's proximity to Uptown Charlotte means that visitors can easily access the city's major cultural and entertainment destinations, such as the Levine Center for the Arts, the NASCAR Hall of Fame, and the Spectrum Center. The nearby Clanton Park offers a tranquil green space for outdoor recreation, but it may not be a significant draw for tourists.

Things to Do - 6/10

Westerly Hills is a quiet, family-oriented neighborhood that offers a respite from the hustle and bustle of city life. Residents enjoy the community's tree-lined streets, well-maintained homes, and friendly neighbors. The Clanton Park provides a space for picnics, sports, and outdoor activities, while the nearby Westerly Hills Shopping Center hosts a weekly farmers market during the summer months. However, those seeking a vibrant nightlife or extensive entertainment options may need to venture outside the neighborhood.

Average Home Prices - 8/10

According to Zillow data for 2024, the median home value in Westerly Hills is $325,000, representing a 5.8% appreciation rate over the past year. This relatively affordable price point and the neighborhood's growth potential make it an attractive option for investors seeking to enter the Charlotte real estate market. As the area continues to develop and attract new residents, investors can expect to see a steady appreciation in property values and strong rental demand.

Proximity to Work-Related Travel - 7/10

Westerly Hills' location just west of Uptown Charlotte puts it in close proximity to the city's major employment centers, including the central business district, the Charlotte Convention Center, and the Atrium Health Carolinas Medical Center. The neighborhood's easy access to I-77 and I-85 makes commuting to other parts of the city relatively convenient, although traffic congestion during peak hours can be a challenge.

X-Factor - 8/10

What sets Westerly Hills apart is its untapped potential and the opportunity it presents for investors to get in on the ground floor of a neighborhood on the rise. As Charlotte continues to grow and develop, more people are discovering the charm and affordability of this hidden gem. The neighborhood's strong sense of community, diverse population, and convenient location make it an attractive option for renters seeking a welcoming place to call home. For Airbnb and short-term rental investors, Westerly Hills offers the potential for strong returns and long-term appreciation as the area continues to transform and thrive.

4. Top Place to Invest in Charlotte, North Carolina - Ballantyne

Once a secluded section of South Charlotte, Ballantyne has blossomed into a suburban metropolis within just two decades. This upscale, stylish, and magnetic area offers chic boutiques, outdoor malls, renowned golf courses, and a taste of city life with suburban curb appeal, making it an attractive option for Airbnb and short-term rental investors.

Ballantyne Airbnb Market Data

• Average Revenue – $26.9K per year
• Average Daily Rate – $184.9 per night
• Average Occupancy Rate – 48%
• Average RevPAR – $92.9

Convenience - 8/10

Ballantyne's convenient location provides easy access to major highways, including I-485 and US-521, making commuting to other parts of the city a breeze. The neighborhood boasts walkable streets lined with diverse shops, restaurants, and amenities, ensuring that most daily needs can be met without venturing far from home.

Tourist Attractions - 7/10

While Ballantyne may not have the same depth and variety of attractions as some larger cities, it still offers a unique charm that draws visitors seeking an authentic Charlotte experience. The renowned Ballantyne Hotel & Lodge features a world-class golf course and spa, attracting enthusiasts and luxury travelers.

Things to Do - 9/10

From exploring one of the 15 parks in the area to indulging in retail therapy at Ballantyne Village, there's no shortage of activities for all ages and interests. Foodies will delight in the diverse culinary scene, with options ranging from casual eateries to upscale dining establishments. The upcoming Ballantyne Reimagined project will open in 2024 and will introduce even more shopping, dining, and entertainment options.

Average Home Prices - 7/10

According to Zillow data for 2024, the average home value in Ballantyne is $387,415, with a 3.7% appreciation rate over the past year. While prices are higher than in some other Charlotte neighborhoods, the area's popularity and growth potential justify the investment for many buyers. Investors can expect steady rental demand and the potential for long-term appreciation as the neighborhood continues to thrive.

Proximity to Work-Related Travel - 8/10

Ballantyne's strategic location near I-485 and US-521 provides quick access to major employment centers, hospitals, and the Charlotte Convention Center. The neighborhood itself is home to numerous corporate offices and business parks, making it an ideal spot for business travelers and professionals.

X-Factor - 9/10

Its perfect blend of urban amenities and suburban charm sets Ballantyne apart. The neighborhood's upscale vibe, combined with its strong sense of community and commitment to growth, creates a welcoming atmosphere that appeals to both residents and visitors. With exciting developments like Ballantyne Reimagined on the horizon, this area is poised for even greater success in the years to come, making it a top choice for Airbnb and short-term rental investors.

5. Top Place to Invest in Charlotte, North Carolina - Tryon Hills

Tryon Hills, a quaint and unassuming neighborhood nestled in the heart of Charlotte, has been quietly gaining attention from astute investors and homebuyers seeking an affordable yet promising location. With its convenient access to the city's major attractions and its untapped potential for growth, Tryon Hills is an emerging contender for Airbnb and short-term rental investments.

Tryon Hills Airbnb Market Data

• Average Revenue – $32K per year
• Average Daily Rate – $198 per night
• Average Occupancy Rate – 54%
• Average RevPAR – $107

Convenience - 6/10

Situated just northeast of Uptown Charlotte, Tryon Hills offers a relatively convenient location with access to major highways, such as I-85 and I-77. While the neighborhood itself is primarily residential, residents can find a selection of shops, restaurants, and services within a short drive. However, the area may not be as walkable or well-connected as some other Charlotte neighborhoods, which could be a drawback for some investors and renters.

Tourist Attractions - 4/10

As a largely residential area, Tryon Hills does not boast any significant tourist attractions within its borders. Visitors seeking to explore Charlotte's major cultural and entertainment destinations, such as the Levine Center for the Arts or the NASCAR Hall of Fame, will need to venture outside the neighborhood. While the nearby Tryon Hills Park offers a pleasant green space for outdoor recreation, it may not be a notable draw for tourists.

Things to Do - 5/10

Tryon Hills is a quiet, close-knit community that offers a peaceful retreat from the hustle and bustle of city life. Residents enjoy the neighborhood's tree-lined streets, well-maintained homes, and friendly neighbors. The Tryon Hills Park provides a space for picnics, sports, and outdoor activities, but those seeking a vibrant nightlife or extensive entertainment options will likely need to explore other areas of Charlotte.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Tryon Hills is $280,000, representing a 4.5% appreciation rate over the past year. This relatively affordable price point, combined with the neighborhood's potential for growth, makes it an attractive option for investors looking to enter the Charlotte real estate market. As the area continues to develop and attract new residents, investors can anticipate a steady appreciation in property values and increasing rental demand.

Proximity to Work-Related Travel - 6/10

Tryon Hills' location northeast of Uptown Charlotte puts it within a reasonable distance of the city's major employment centers, including the central business district and the Charlotte Convention Center. However, the neighborhood's access to public transportation and major highways may not be as convenient as some other areas, which could impact its appeal for business travelers and commuters.

X-Factor - 7/10

What sets Tryon Hills apart is its hidden potential and the opportunity it presents for investors to capitalize on a neighborhood that is poised for growth. As Charlotte continues to expand and develop, more people are discovering the affordability and charm of this unassuming community. The neighborhood's strong sense of community, diverse population, and proximity to the city's core make it an appealing option for renters seeking a welcoming place to call home. For Airbnb and short-term rental investors, Tryon Hills offers the potential for solid returns and long-term appreciation as the area continues to evolve and flourish.

6. Top Place to Invest in Charlotte, North Carolina - Steele Creek

Steele Creek, a rapidly growing suburb in southwest Charlotte, has emerged as a highly desirable location for both residents and investors alike. With its prime location, diverse amenities, and strong potential for growth, Steele Creek is an attractive option for those looking to invest in Airbnb and short-term rental properties.

Steele Creek Airbnb Market Data

• Average Revenue – $43.7K per year
• Average Daily Rate – $364.6 per night
• Average Occupancy Rate – 40%
• Average RevPAR – $139.2

Convenience - 8/10

Steele Creek's strategic location near I-485 and I-77 provides easy access to major highways, making commuting to other parts of the city a breeze. The neighborhood boasts a wide range of shops, restaurants, and services, including the Charlotte Premium Outlets and the RiverGate Shopping Center, ensuring that residents have everything they need within a short drive.

Tourist Attractions - 6/10

While Steele Creek may not have the same concentration of tourist attractions as some other Charlotte neighborhoods, it still offers a few notable points of interest. The U.S. National Whitewater Center, located just north of Steele Creek, is a popular destination for outdoor enthusiasts, offering whitewater rafting, kayaking, and other adventure activities. The nearby Lake Wylie also provides boating, fishing, and lakeside recreation opportunities.

Things to Do - 7/10

Steele Creek offers a variety of activities and amenities for residents and visitors to enjoy. The neighborhood features several parks and green spaces, including Steele Creek Park and Berewick Park, which offer walking trails, playgrounds, and sports facilities. The Charlotte Premium Outlets and the RiverGate Shopping Center provide ample opportunities for shopping and dining, while the Ayrsley Grand Cinemas offers a convenient option for movie-goers.

Average Home Prices - 8/10

According to Zillow data for 2024, the median home value in Steele Creek is $350,000, representing a 5.2% appreciation rate over the past year. This relatively affordable price point and the neighborhood's strong growth potential make it an attractive option for investors seeking to enter the Charlotte real estate market. As the area continues to develop and attract new residents and businesses, investors can expect to see a steady appreciation in property values and robust rental demand.

Proximity to Work-Related Travel - 7/10

Steele Creek's location in southwest Charlotte puts it within a reasonable distance of several major employment centers, including the Charlotte Douglas International Airport and the Whitehall Corporate Center. However, the neighborhood's proximity to Uptown Charlotte and the Charlotte Convention Center may not be as convenient as some other areas, which could impact its appeal for business travelers and convention-goers.

X-Factor - 8/10

Steele Creek's unique blend of suburban charm and urban convenience sets it apart. The neighborhood's diverse housing options, ranging from apartments and townhomes to single-family residences, cater to a wide range of renters and investors. Steele Creek's strong sense of community and commitment to growth and development create a welcoming atmosphere that appeals to both residents and visitors. With several new projects in the pipeline, including the expansion of the Charlotte Premium Outlets and the development of new mixed-use communities, Steele Creek is poised for even greater success in the years to come, making it a top choice for Airbnb and short-term rental investors.