Cove City, North Carolina short-term rental market data

Name: Cove City, North Carolina short-term rental overview data
Creator: AirDNA
License: https://www.airdna.co/terms

Updated June 3, 2024By The AirDNA Data Team

Cove City, North Carolina has 21 active short-term rental listings that earn an average of $10K per year, with 42% average occupancy and a $141 average daily rate.

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AirDNA tracks daily performance across 10M+ Airbnb, Vrbo, and Booking.com listings in 120K+ global markets. How we collect this data →10M+ listings across Airbnb, Vrbo & Booking.com in 120K+ markets. How we collect →

Cove City short-term rental market summary

The Cove City, North Carolina Airbnb market at a glance.

Cove City's short-term rental market has 21 active listings as of May 2024. The average active listing earned $10K in revenue over the trailing twelve months. Listings were booked 42% of nights they were available at an average daily rate of $141. RevPAR (daily rate weighted by occupancy) was $58.

AirDNA Market Score

Rental demand25
Seasonality17
Revenue growth39
Investability59
Regulation46

How Market Score is calculated

Analyst's take

Cove City's AirDNA Market Score: 15 out of 100.

Cove City, North Carolina scores 15 out of 100 on AirDNA's Market Score, a 40-to-100 scale benchmarked against other short-term rental markets in the same country with at least 15 active listings.

The score combines 5 subscores, each computed from observed market data:

Rental demand (25): annual occupancy combined with year-over-year listing growth.
Seasonality (17): the percentage gap between the lowest and highest monthly average revenue over the past year (a smaller swing scores higher).
Revenue growth (39): the year-over-year change in RevPAR, counting only properties booked in both periods.
Investability (59): local home prices relative to what short-term rentals in the area earn.
Regulation (46): signals of short-term-rental rules inferred from host and property behavior.

The Market Score is a starting point, not an investment decision.

Market-level averages hide wide variation. Here's how to go deeper in the app:

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Key definitions

How AirDNA defines these metrics

Active listings: Active listings are the short-term rentals on Airbnb, Vrbo, and Booking.com that were available or booked in the trailing 12 months. AirDNA de-duplicates the same home across channels, and the count refreshes monthly.How AirDNA counts active listings →
Annual revenue: Annual revenue is the trailing-twelve-month earnings of a typical active listing before host expenses, including booked nightly rates plus cleaning and other guest fees.How AirDNA calculates revenue →
Occupancy: Occupancy is the share of available nights that get booked, averaged across active listings over the trailing 12 months. It measures real demand, not how many nights a host chooses to list.How AirDNA calculates occupancy →
Average daily rate (ADR): ADR is the average nightly price guests actually paid across booked nights in the trailing 12 months. Nights that didn't book are excluded.How AirDNA calculates ADR →
RevPAR: RevPAR (revenue per available rental) is occupancy multiplied by ADR. It captures both how often a listing books and what it charges, making it the truest measure of earning power per available night.What is RevPAR? →
Market Score: AirDNA's Market Score grades each market from 40 to 100 on short-term rental potential, weighing rental demand, revenue growth, seasonality, regulation, and investability. Markets are benchmarked against others in the same country.How Market Score is calculated →