Airbnb Rules and Regulations in Greensboro, North Carolina

As of April 2024, Greensboro has implemented new regulations for short-term rentals. All hosts must obtain a zoning permit, which needs to be prominently displayed and included in any listings or advertisements. Short-term rentals are categorized as either Homestay rentals, where the host resides on-site during the rental period, or Whole House rentals, which require a local operator, like a property manager or co-host if the property isn't the host's primary residence.

The city enforces a density limit, mandating a minimum distance of 750 feet between short-term rentals. Occupancy is restricted to two adults per rented bedroom, with a ban on publicly promoted events exceeding twice the guest limit. Hosts must collect and remit state and local sales taxes and room occupancy taxes. Failure to comply with these regulations may result in fines, permit revocation, or removal from the Airbnb platform.

Greensboro Airbnb Market Data:

• Average Revenue – $60K per year
• Average Daily Rate – $400.7 per night
• Average Occupancy Rate – 47%
• Average RevPAR – $186.8
• Average Home Prices – $255,891

1. Top Place to Invest in Greensboro, North Carolina - Ashley Park

Nestled in the heart of Greensboro, Ashley Park is a charming neighborhood that has been attracting Airbnb investors from all over. With its prime location, diverse amenities, and unique character, this area is poised for growth in the short-term rental market.

Ashley Park Airbnb Market Data:

• Average Revenue – $129K per year
• Average Daily Rate – $695.1 per night
• Average Occupancy Rate – %54
• Average RevPAR – $370.8

Convenience - 8/10

Ashley Park offers a convenient lifestyle for both residents and visitors alike. The neighborhood boasts a variety of grocery stores, restaurants, and shops within walking distance, making it easy to access daily necessities. Public transportation is readily available, seamlessly connecting the area to other parts of Greensboro.

Tourist Attractions - 6/10

While Ashley Park itself may not be a major tourist destination, it is situated near several attractions that draw visitors to Greensboro. The Greensboro Science Center, a popular family-friendly spot, is just a short drive away. The neighborhood's proximity to downtown Greensboro also provides easy access to cultural attractions, such as the Greensboro Cultural Center and the International Civil Rights Center & Museum.

Things to Do - 7/10

Ashley Park offers a range of activities for residents and visitors to enjoy. The neighborhood features several parks, including Ashley Park itself, which provides a great space for outdoor recreation. The area also has a vibrant dining scene, with a mix of local eateries and chain restaurants catering to various tastes.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Ashley Park stands at $245,000. This represents a 4.2% appreciation over the past year, indicating a stable and growing real estate market. While prices are slightly higher than the Greensboro average, the neighborhood's amenities and location justify the investment for those looking to start an Airbnb.

Proximity to Work-Related Travel - 8/10

Ashley Park's location makes it an ideal base for work-related travel. The neighborhood is just a 15-minute drive from the Piedmont Triad International Airport, making it convenient for those flying in for business. Additionally, the Greensboro Coliseum Complex, which hosts numerous conventions and events, is only a short drive away.

X-Factor - 7/10

What sets Ashley Park apart is its strong sense of community. The neighborhood has an active homeowners association that organizes events and fosters a tight-knit atmosphere. This welcoming vibe extends to visitors, making it an attractive option for Airbnb guests seeking an authentic local experience.

2. Top Place to Invest in Greensboro, North Carolina - Kirkwood

Kirkwood, a historic neighborhood in Greensboro, has been capturing the attention of Airbnb investors due to its unique charm, prime location, and potential for growth in the short-term rental market. This quaint area perfectly blends residential comfort and proximity to the city's attractions.

Kirkwood Airbnb Market Data:

• Average Revenue – $50.4K per year
• Average Daily Rate – $337.9 per night
• Average Occupancy Rate – 51%
• Average RevPAR – $172.3

Convenience - 7/10

Kirkwood offers a fairly convenient lifestyle, with a few local shops and eateries within walking distance. However, residents may need to venture a bit further for major grocery shopping and other necessities. The neighborhood is well-connected by public transportation, making it easy to navigate the city.

Tourist Attractions - 6/10

While Kirkwood itself may not be a major tourist hotspot, it is located near several attractions that draw visitors to Greensboro. The Greensboro Arboretum, a beautiful botanical garden, is just a short drive away. The neighborhood's proximity to downtown Greensboro also provides access to cultural attractions like the Greensboro History Museum.

Things to Do - 6/10

Kirkwood offers a handful of activities for residents and visitors. The neighborhood features a few small parks, perfect for a leisurely stroll or a picnic. The area also has a couple of local cafes and restaurants that provide a taste of the neighborhood's character.

Average Home Prices - 8/10

According to Zillow data for 2024, the median home value in Kirkwood stands at $215,000. This represents a 3.8% appreciation over the past year, indicating a stable real estate market. The neighborhood's prices are slightly lower than the Greensboro average, making it an attractive option for Airbnb investors looking for affordable properties with good potential returns.

Proximity to Work-Related Travel - 7/10

Kirkwood's location offers decent access to work-related travel destinations. The neighborhood is about a 20-minute drive from the Piedmont Triad International Airport, which may be convenient for some business travelers. The Greensboro Coliseum Complex, a major convention and event venue, is also within a reasonable driving distance.

X-Factor - 8/10

Kirkwood's main draw is its historic charm and architectural character. The neighborhood features a mix of well-preserved homes from various eras, creating a visually appealing and unique atmosphere. This vintage vibe can be a significant selling point for Airbnb guests seeking a distinctive and memorable stay.

3. Top Place to Invest in Greensboro, North Carolina - Sedgefield

Sedgefield, a picturesque neighborhood in the heart of Greensboro, has been gaining traction among Airbnb investors. With its prime location, stunning natural beauty, and rich history, this area presents a unique opportunity for investors looking to enter the short-term rental space and capitalize on the growing market

Sedgefield Airbnb Market Data:

• Average Revenue – $73.2K per year
• Average Daily Rate – $454.9 per night
• Average Occupancy Rate – 48%
• Average RevPAR – $212.9

Convenience - 8/10

Sedgefield offers a highly convenient lifestyle for both residents and visitors. The neighborhood boasts a variety of amenities, including grocery stores, restaurants, and shops, all within easy reach. Public transportation is readily available, easily connecting Sedgefield to other parts of Greensboro.

Tourist Attractions - 7/10

While Sedgefield may not be a major tourist destination, it is home to the historic Sedgefield Country Club, attracting golf enthusiasts from far and wide. The neighborhood's proximity to downtown Greensboro also provides easy access to a range of cultural attractions, such as the Greensboro Science Center and the Greensboro Museum of Art.

Things to Do - 8/10

Sedgefield offers a wealth of activities for residents and visitors alike. The neighborhood features several parks, including the expansive Sedgefield Park, which offers hiking trails, picnic areas, and a playground. The Sedgefield Swim & Tennis Club is another popular spot, providing recreational opportunities for all ages.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Sedgefield stands at $325,000. This represents a 3.5% appreciation over the past year, indicating a stable and growing real estate market. While prices are higher than the Greensboro average, the neighborhood's amenities, location, and charm justify the investment for Airbnb investors.

Proximity to Work-Related Travel - 7/10

Sedgefield's location offers convenient access to work-related travel destinations. The neighborhood is just a 20-minute drive from the Piedmont Triad International Airport, making it an attractive option for business travelers. Additionally, the Greensboro Coliseum Complex, which hosts numerous conventions and events, is only a short drive away.

X-Factor - 9/10

What sets Sedgefield apart is its stunning natural beauty and rich history. The neighborhood is known for its lush, tree-lined streets and well-maintained homes, creating a serene and inviting atmosphere. Moreover, Sedgefield's history as one of Greensboro's first planned communities adds a unique charm that appeals to visitors seeking an authentic and memorable experience.

4. Top Place to Invest in Greensboro, North Carolina - North Hills

North Hills, a thriving neighborhood in the northern part of Greensboro, has been attracting the attention of Airbnb investors due to its modern amenities, excellent location, and strong potential for growth in the short-term rental market. This vibrant area offers a perfect blend of urban convenience and residential charm.

North Hills Airbnb Market Data:

• Average Revenue – $64.3K per year
• Average Daily Rate – $457.1 per night
• Average Occupancy Rate – 45%
• Average RevPAR – $205.6

Convenience - 9/10

North Hills offers an exceptionally convenient lifestyle, with a wide array of amenities right at your doorstep. The neighborhood boasts a variety of grocery stores, restaurants, cafes, and shops, catering to every need and taste. Public transportation is readily available, making navigating the city easily without a car.

Tourist Attractions - 6/10

While North Hills itself may not be a major tourist destination, it is located near several attractions that draw visitors to Greensboro. The Greensboro Science Center, a popular family-friendly spot, is just a short drive away. The neighborhood's proximity to downtown Greensboro also provides easy access to cultural attractions like the Greensboro Cultural Center and the Tanger Family Bicentennial Garden.

Things to Do - 8/10

North Hills offers a range of activities for residents and visitors to enjoy. The neighborhood features several parks, including the expansive North Hills Park, which offers walking trails, a playground, and a community center. The area also has a vibrant dining and shopping scene, with a mix of local boutiques, chain stores, and restaurants catering to various tastes and preferences.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in North Hills stands at $350,000. This represents a 4% appreciation over the past year, indicating a stable and growing real estate market. While prices are higher than the Greensboro average, the neighborhood's modern amenities, prime location, and strong rental demand justify the investment for Airbnb investors.

Proximity to Work-Related Travel - 8/10

North Hills' location makes it an ideal base for work-related travel. The neighborhood is just a 15-minute drive from the Piedmont Triad International Airport, making it convenient for those flying in for business. Additionally, the Greensboro Coliseum Complex, which hosts numerous conventions and events, is only a short drive away.

X-Factor - 8/10

What sets North Hills apart is its modern, urban vibe combined with a strong sense of community. The neighborhood has a mix of newer apartments, condos, and single-family homes, creating a diverse and vibrant atmosphere. The area also hosts various local community events throughout the year, fostering a sense of belonging and connection among residents and visitors alike.

5. Top Place to Invest in Greensboro, North Carolina - Friendly Lakes

Nestled in the heart of Greensboro, Friendly Lakes is a charming neighborhood that has been capturing the attention of Airbnb investors. With its picturesque setting, convenient location, and strong sense of community, this area presents a unique opportunity for those looking to invest in the short-term rental market.

Friendly Lakes Airbnb Market Data:

• Average Revenue – $56.6K per year
• Average Daily Rate – $357.9 per night
• Average Occupancy Rate – 50%
• Average RevPAR – $176.7

Convenience - 7/10

Friendly Lakes offers a fairly convenient lifestyle, with a few local shops and eateries within walking distance. However, residents may need to venture a bit further for major grocery shopping and other necessities. The neighborhood is well-connected by public transportation, making accessing other parts of Greensboro easy.

Tourist Attractions - 5/10

While Friendly Lakes itself may not be a major tourist destination, it is located near several attractions that draw visitors to Greensboro. The Greensboro Science Center, a popular family-friendly spot, is just a short drive away. The neighborhood's proximity to downtown Greensboro also provides access to cultural attractions like the Greensboro History Museum and the Greensboro Cultural Center.

Things to Do - 7/10

Friendly Lakes offers a range of outdoor activities for residents and visitors to enjoy. The neighborhood features several parks, including the scenic Friendly Lakes Park, which offers walking trails, fishing, and picnic areas. The area also has a few local cafes and restaurants that provide a taste of the neighborhood's laid-back charm.

Average Home Prices - 8/10

According to Zillow data for 2024, the median home value in Friendly Lakes stands at $280,000. This represents a 3.7% appreciation over the past year, indicating a stable and growing real estate market. The neighborhood's prices are slightly lower than the Greensboro average, making it an attractive option for Airbnb investors looking for affordable properties with good potential returns.

Proximity to Work-Related Travel - 6/10

Friendly Lakes' location offers moderate access to work-related travel destinations. The neighborhood is about a 25-minute drive from the Piedmont Triad International Airport, which may be less convenient for some business travelers. However, the Greensboro Coliseum Complex, a major convention and event venue, is within a reasonable driving distance.

X-Factor - 9/10

What sets Friendly Lakes apart is its stunning natural beauty and tranquil atmosphere. The neighborhood is centered around two picturesque lakes, creating a serene and inviting environment that appeals to visitors seeking a peaceful retreat. The area's strong sense of community and friendly vibe also add to its unique charm, making it a desirable destination for Airbnb guests looking for an authentic and memorable experience.