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

Airbnb Rules and Regulations in Durham, North Carolina

As of 2024, short-term rental hosts in Durham, North Carolina, must adhere to rules and regulations to ensure a safe and enjoyable experience for guests and the local community. All short-term rental properties are required to obtain a permit from the City of Durham, which includes passing a safety inspection and meeting specific zoning requirements. Hosts must also collect and remit occupancy taxes, maintain accurate listings, and provide guests with a copy of the city's noise ordinance. To prioritize neighborhood tranquility, the number of guests per rental is limited based on the property's size and type.

Additionally, hosts are responsible for ensuring their guests follow parking regulations and do not disrupt the surrounding community. Failure to comply with these rules may result in fines or the revocation of the short-term rental permit. By staying informed and adhering to these regulations, Airbnb hosts in Durham can contribute to a thriving and responsible short-term rental market that benefits both visitors and residents alike.

Durham Airbnb Market Data:

• Average Revenue – $24.9K per year
• Average Daily Rate – $165 per night
• Average Occupancy Rate – 52%
• Average RevPAR – $85.9
• Average Home Prices – $404,856

1. Top Place to Invest in Durham, North Carolina - Downtown

Downtown Durham, the heart of the city, has undergone a remarkable transformation in recent years, making it an attractive destination for Airbnb investors. With its vibrant atmosphere, diverse amenities, and growing popularity among visitors, Downtown Durham offers a unique opportunity for those looking to capitalize on the short-term rental market.

Downtown Airbnb Market Data:

• Average Revenue – $27.8K per year
• Average Daily Rate – $170.3 per night
• Average Occupancy Rate – 55%
• Average RevPAR – $93.6

Convenience - 8/10

Downtown Durham boasts a highly walkable environment, with numerous restaurants, shops, and services within easy reach. The area is well-connected by public transportation, including bus routes and the free Bull City Connector, making it convenient for visitors to explore the city without relying on a car.

Tourist Attractions - 7/10

The downtown area is home to several notable attractions, such as the Durham Performing Arts Center (DPAC), which hosts Broadway shows and concerts, and the Durham Bulls Athletic Park, where visitors can enjoy minor league baseball games. The nearby American Tobacco Historic District and Brightleaf Square offer additional entertainment and dining options.

Things to Do - 8/10

From exploring the vibrant art scene at galleries like 21c Museum Hotel and the Durham Arts Council to indulging in the diverse culinary offerings at restaurants like Mateo Bar de Tapas and Pizzeria Toro, there's no shortage of activities in Downtown Durham. The area also hosts various local festivals and events throughout the year, drawing visitors from far and wide.

Average Home Prices - 6/10

As of 2024, the median home price in Downtown Durham is $475,000, according to Zillow data. This represents a 4.2% appreciation rate over the past year, indicating a stable and growing market. While prices are higher than in some other areas of the city, the potential for high rental income and long-term appreciation makes Downtown Durham an attractive investment opportunity.

Proximity to Work-Related Travel - 9/10

Downtown Durham is ideally situated for work-related travel, with Duke University Hospital and the Durham Convention Center located within the area. The proximity to these major employers and event venues ensures a steady flow of potential guests for Airbnb properties and even corporate rentals.

X-Factor - 8/10

What sets Downtown Durham apart is its unique blend of history and innovation. The area has successfully preserved its historic architecture while embracing modern amenities and a thriving startup scene. This dynamic combination creates a distinctive atmosphere that appeals to a wide range of visitors, from business travelers to tourists seeking an authentic urban experience.

2. Top Place to Invest in Durham, North Carolina - Ninth Street District

Nestled between Duke University's East and West Campuses, the Ninth Street District has evolved into a charming and eclectic neighborhood that captures the essence of Durham's college-town vibe. This trendy area has become increasingly popular among Airbnb investors, thanks to its prime location and unique appeal to visitors.

Ninth Street District Airbnb Market Data:

• Average Revenue – $26.5K per year
• Average Daily Rate – $183.1 per night
• Average Occupancy Rate – 51%
• Average RevPAR – $93.8

Convenience - 7/10

The Ninth Street District offers a convenient lifestyle, with a variety of local shops, restaurants, and cafes within walking distance. While public transportation options are somewhat limited, the area is easily navigable on foot or by bike, making it an attractive choice for visitors seeking a car-free experience.

Tourist Attractions - 6/10

Although the Ninth Street District itself doesn't boast major tourist attractions, its proximity to Duke University and the stunning Duke Gardens makes it an appealing base for visitors exploring the area. The neighborhood's quirky shops and lively atmosphere serve as an attraction in their own right, drawing visitors who appreciate a more laid-back, college-town experience.

Things to Do - 7/10

From browsing the unique boutiques and vintage stores to savoring the flavors at local favorites like The Regulator Bookshop and Cosmic Cantina, the Ninth Street District offers a range of engaging activities. Visitors can also enjoy the nearby Duke Park or catch a live performance at the intimate Motorco Music Hall.

Average Home Prices - 7/10

According to Zillow, the median home price in the Ninth Street District stands at $420,000 as of 2024. This represents a modest 2.8% appreciation rate over the past year, indicating a stable market with room for growth. While prices are slightly higher than the Durham average, the area's popularity among visitors and its potential for steady rental income make it a worthwhile investment.

Proximity to Work-Related Travel - 6/10

The Ninth Street District is conveniently located for those visiting Duke University or the nearby Duke University Hospital. However, it is somewhat further removed from other major work-related destinations like the Durham Convention Center and the Research Triangle Park, which may limit its appeal for certain business travelers.

X-Factor - 8/10

The Ninth Street District's unique charm lies in its ability to blend the energy of a college town with the sophistication of a trendy urban neighborhood. The area's eclectic mix of independently owned shops, restaurants, and galleries creates a vibrant and welcoming atmosphere that sets it apart from other parts of the city, making it an attractive option for Airbnb guests seeking an authentic Durham experience.

3. Top Place to Invest in Durham, North Carolina - Woodcroft

Woodcroft, a peaceful residential neighborhood in southern Durham, has emerged as an attractive option for Airbnb investors seeking a more suburban setting. With its well-maintained homes, lush green spaces, and family-friendly atmosphere, Woodcroft offers a tranquil retreat for visitors looking to escape the hustle and bustle of the city center.

Woodcroft Airbnb Market Data:

• Average Revenue – $23.4K per year
• Average Daily Rate – $178.7 per night
• Average Occupancy Rate – 46%
• Average RevPAR – $78.7

Convenience - 6/10

While Woodcroft may not have the same level of walkability as downtown areas, it still offers a decent range of amenities within a short drive. The neighborhood is home to several grocery stores, restaurants, and shops, catering to the needs of both residents and visitors. However, guests will likely need access to a car to fully explore the area and its surroundings.

Tourist Attractions - 4/10

Woodcroft itself is primarily a residential area and does not boast any major tourist attractions. However, its proximity to the American Tobacco Trail, a popular hiking and biking path, and the nearby Jordan Lake State Recreation Area may appeal to outdoor enthusiasts.

Things to Do - 5/10

The neighborhood's main draw is its tranquil, suburban atmosphere, which may appeal to visitors seeking a more low-key experience. Guests can enjoy the community's walking trails, parks, and recreational facilities, such as the Woodcroft Club, which offers swimming, tennis, and fitness amenities. However, those looking for a more vibrant social scene or cultural activities may need to venture beyond the neighborhood.

Average Home Prices - 8/10

As of 2024, the median home price in Woodcroft stands at $380,000, according to Zillow data. This represents a healthy 5.2% appreciation rate over the past year, indicating a strong and growing market. The relatively affordable prices and the potential for steady rental income from families and longer-term visitors make Woodcroft an attractive investment opportunity.

Proximity to Work-Related Travel - 5/10

Woodcroft is situated further away from major work-related destinations like Duke University, the Durham Convention Center, and the Research Triangle Park. While still accessible by car, the neighborhood may be less convenient for business travelers or those attending events in the city center.

X-Factor - 7/10

Woodcroft's unique appeal lies in its ability to offer a peaceful, suburban oasis within easy reach of Durham's urban amenities. The neighborhood's strong sense of community, well-maintained homes, and family-friendly atmosphere make it an attractive choice for visitors seeking a more residential experience, particularly those traveling with children or looking for a longer-term stay.

4. Top Place to Invest in Durham, North Carolina - Rockwood

Rockwood, a charming and historic neighborhood located just north of downtown Durham, has recently caught the attention of Airbnb investors. With its tree-lined streets, well-preserved homes, and close-knit community feel, Rockwood offers a unique blend of small-town charm and urban convenience that appeals to a wide range of visitors.

Rockwood Airbnb Market Data:

• Average Revenue – $23K per year
• Average Daily Rate – $149.3 per night
• Average Occupancy Rate – 53%
• Average RevPAR – $80.1

Convenience - 7/10

Rockwood's location strikes a balance between residential tranquility and easy access to amenities. While the neighborhood itself is primarily residential, it is just a short drive from the shops, restaurants, and services of downtown Durham and the Ninth Street District. Public transportation options are limited, but the area is easily navigable by car or bike.

Tourist Attractions - 5/10

Rockwood has no major tourist attractions within its borders as a primarily residential area. However, its proximity to downtown Durham and Duke University means that visitors can easily access a variety of cultural, historical, and entertainment offerings in the surrounding areas.

Things to Do - 6/10

Rockwood's main appeal lies in its quiet, residential atmosphere, which may be ideal for visitors seeking a more low-key experience. The neighborhood features several small parks and green spaces, perfect for picnics or leisurely strolls. Nearby, the Duke Park neighborhood offers additional recreational opportunities, including tennis courts and a community pool.

Average Home Prices - 7/10

According to Zillow, the median home price in Rockwood stands at $395,000 as of 2024. This represents a modest 3.5% appreciation rate over the past year, indicating a stable market with potential for growth. While prices are slightly higher than some other residential areas in Durham, Rockwood's unique charm and proximity to downtown make it an attractive investment opportunity for aspiring short-term rental owners.

Proximity to Work-Related Travel - 6/10

Rockwood is located just a short drive from Duke University and the Durham Convention Center, making it a convenient choice for visitors attending events or conducting business in these areas. However, it is somewhat further removed from other major work-related destinations like the Research Triangle Park, which may be a consideration for some business travelers.

X-Factor - 8/10

Rockwood's standout feature is its ability to offer a quaint, small-town atmosphere within the larger context of a vibrant, growing city. The neighborhood's historic homes, tree-lined streets, and a strong sense of community create a welcoming and memorable experience for visitors. This unique combination of charm and convenience sets Rockwood apart from other residential areas in Durham, making it an attractive option for Airbnb guests seeking an authentic, off-the-beaten-path experience.

5. Top Place to Invest in Durham, North Carolina - Braggtown

Braggtown, a historic neighborhood in northern Durham, has recently gained attention from Airbnb investors looking for an up-and-coming area with untapped potential. This primarily residential community offers a glimpse into Durham's past while also showcasing the city's ongoing revitalization efforts.

Braggtown Airbnb Market Data:

• Average Revenue – $20.5K per year
• Average Daily Rate – $139.7 per night
• Average Occupancy Rate – 52%
• Average RevPAR – $72.1

Convenience - 5/10

Braggtown is a bit further removed from the city center compared to other neighborhoods, which may be a drawback for some visitors. While a few local shops and restaurants are in the area, guests will likely need a car to access a wider range of amenities and services.

Tourist Attractions - 3/10

As a largely residential area, Braggtown does not have any major tourist attractions within its borders. Visitors interested in exploring Durham's cultural and historical offerings will need to venture into other parts of the city.

Things to Do - 4/10

Braggtown's main appeal lies in its quiet, residential atmosphere, which may be suitable for visitors seeking a more low-key, authentic experience. The neighborhood features a few small parks and community spaces, but entertainment options are limited. Guests may need to travel to nearby areas for a wider range of activities.

Average Home Prices - 9/10

According to Zillow, the median home price in Braggtown is $225,000 as of 2024. This represents an impressive 6.5% appreciation rate over the past year, indicating a neighborhood on the rise. The relatively low prices and the potential for strong rental yields make Braggtown an attractive option for investors looking to enter the short-term rental market in Durham at a lower cost.

Proximity to Work-Related Travel - 4/10

Braggtown is located further away from major work-related destinations like Duke University, the Durham Convention Center, and the Research Triangle Park. While still accessible by car, the neighborhood may be less convenient for business travelers or those attending events in the city center.

X-Factor - 6/10

Braggtown's unique appeal lies in its potential for growth and transformation. As Durham continues to develop and expand, this historic neighborhood is poised to benefit from increased investment and revitalization efforts. For Airbnb investors willing to take a chance on an emerging area, Braggtown offers the opportunity to get in on the ground floor and be part of the neighborhood's ongoing story. However, it's important to note that the area's current lack of amenities and attractions may limit its immediate appeal to certain types of guests.