The Impact of Hurricane Helene on Short-Term Rentals in Asheville and Western NC Hurricane Helene's aftermath has had a considerable impact on short-term rentals (STRs) in Asheville and the greater Western North Carolina region. AirDNA reports that approximately 17% of Airbnb inventory was lost due to the storm, with most of the affected properties being lower-performing units. This disruption has created a unique opportunity for higher-end STR properties, as the market tightens and demand increases. While recovery efforts are underway, the inventory loss is expected to drive upward pressure on Average Daily Rates (ADRs) for premium properties, as fewer options remain available for travelers seeking vacation rentals in the area. The impact of Helene has resulted in a shift, placing greater value on higher-quality properties, which may generate increased revenue for owners of premium listings. In addition to the financial implications, the storm has prompted the formation of a support network to assist those affected by the disaster. Short-term rental groups have stepped up, helping owners match their available properties with victims of the hurricane, contributing to the overall recovery efforts. As communities rebuild, the demand for accommodations continues to rise, and Asheville’s status as a tourism hub remains intact. For those owning higher-end properties in Asheville and surrounding areas, this presents an excellent opportunity to capitalize on the changes in the market, with fewer lower-performing options available. This uptick in demand may help offset some of the losses from the inventory reduction and offer a more lucrative path forward for those looking to maximize their STR returns.In the coming months, Asheville's STR market will likely evolve as more guests opt for premium properties. For owners and investors, the key will be adapting to this shift and positioning their offerings as highly desirable, with a keen understanding of how the dynamics of supply and demand have shifted post-Hurricane Helene.

Deal Metrics:  Purchase Price : $668,000 Closing Date: March 9, 2023 Listing Live: Feb 3, 2023   AIRDNA Revenue AirDNA Data Displayed Pulled January 2025   Sold By: Tyler Coon       *numbers are approximate and not exact*  

Deal Metrics:  Purchase Price : $820,000 Closing Date: June 1, 2023 Listing Live: April 25, 2023   AIRDNA Revenue AirDNA Data Displayed Pulled January 2025   Sold By: Tyler Coon       *numbers are approximate and not exact*