Market Leaders
Brevard
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The Brevard, North Carolina vacation rental market is a thriving and competitive landscape, attracting a steady stream of tourists year-round. Nestled in the heart of the Blue Ridge Mountains, Brevard is known for its stunning natural beauty, including numerous waterfalls and the Pisgah National Forest, making it a popular destination for outdoor enthusiasts.
According to data from AirDNA, the average Brevard short-term rental on Airbnb and VRBO achieves a 52% occupancy rate, with an average daily rate of $235. This translates to an average monthly revenue of $24,657 per property. The market has seen a 3% increase in revenue and a 4% increase in occupancy over the past year, indicating strong demand for vacation rentals in the area.
When it comes to rental size, the Brevard market is dominated by 3-bedroom (32%) and 2-bedroom (26%) properties, with 1-bedroom (25%) and 4-bedroom (13%) units also making up a significant portion of the inventory. The majority of listings are for entire homes (95%), with private rooms (5%) and shared rooms (0%) making up a small fraction of the market.
Brevard's vacation rental market also exhibits strong seasonality, with peak demand during the summer months and the fall foliage season. Understanding these seasonal trends is crucial for vacation rental managers to optimize pricing and occupancy strategies throughout the year. (For more detailed market insights, refer to the Market Overview section.)
The Brevard vacation rental management market is highly competitive, with a diverse array of property management companies vying for a share of the market. According to the data on Comparent, the top-rated property managers in the area include White Squirrel Realty, Evolve, Yonder, AvantStay, and Vacasa.
White Squirrel Realty, with a 4.9-star rating on Airbnb and a 4.8-star rating on VRBO, is a prominent player in the Brevard market, managing over 30 properties. The company has been operating in the area for more than 20 years and is known for its expertise in the local market.
Evolve, a national vacation rental management company, also has a strong presence in Brevard, managing 28 properties with an average rating of 4.87 stars. Other notable players include Yonder, AvantStay, and Vacasa, each managing a smaller number of properties but with strong reviews and a focus on the Brevard market.
In addition to the top-rated property management companies, the Brevard vacation rental market is home to a diverse array of individual owners and smaller management firms. These players offer a range of services and amenities, catering to the diverse preferences of visitors to the area.
Some key factors that set successful Brevard vacation rental properties apart include proximity to popular attractions like the Pisgah National Forest and DuPont State Forest, as well as unique amenities like mountain views, outdoor living spaces, and access to hiking trails and other outdoor activities. Properties that can offer a distinctive, local experience tend to perform particularly well in this market.
Overall, the Brevard vacation rental market presents a compelling opportunity for both property owners and management companies. With its natural beauty, year-round appeal, and a growing number of visitors, Brevard continues to be a sought-after destination for short-term rentals in North Carolina.