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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Arapahoe offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
Arapahoe, NC is a small coastal market on the Neuse River estuary with just 17 active Airbnb listings, offering investors a chance to enter a niche destination with limited competition. With an average daily rate of $391—well above the $262 North Carolina state average—and an average annual revenue of $32,036 against home values averaging $300,733, the revenue-to-price ratio is notably favorable. The market has seen significant 71% year-over-year listing growth, suggesting rising investor interest, though the 26% occupancy rate signals this is a seasonal, vacation-driven market rather than a year-round cash cow.
According to Rabbu market data, the Arapahoe short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 17 |
| Average Daily Rate (ADR) | vs. $262 state avg. | $391 |
| Average Occupancy Rate | vs. 34% state avg. | 26% |
| RevPAN | ADR * Occupancy Rate | $103 |
| Average Monthly Revenue | Historical 12-month average | $2,669 |
| Average Annual Revenue | Historical 12-month average | $32,036 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.
Investors are drawn to Arapahoe for its compelling revenue-to-price ratio, waterfront appeal, and a supply landscape that remains small enough to offer differentiation opportunities.
Key investment factors
"Arapahoe presents an attractive but seasonal investment opportunity, best suited for investors who can tolerate cash-flow variability across the calendar year. The September peak—at $7,394 in average monthly revenue—dwarfs the February low of $728, so effective pricing strategy and expense management during off-peak months are essential. With above-average marks in revenue-to-price ratio, market growth, and supply/demand balance, the fundamentals are encouraging for a micro-market of this size, though the below-average occupancy stability means returns hinge heavily on capturing peak-season bookings."
— Rabbu Market Analysis Team
Arapahoe's revenue is sharply seasonal, peaking in September at $7,394—more than ten times the February low of $728. The summer-to-early-fall corridor (June through September) accounts for the bulk of annual earnings, so investors should budget for significant off-season revenue dips from November through March.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,085 |
| February |
|
$728 |
| March |
|
$1,696 |
| April |
|
$1,970 |
| May |
|
$2,180 |
| June |
|
$3,234 |
| July |
|
$4,379 |
| August |
|
$3,757 |
| September |
|
$7,394 |
| October |
|
$2,604 |
| November |
|
$1,712 |
| December |
|
$1,295 |
The market's 17 listings are split between two-bedroom properties (10 listings) and three-bedroom properties (5 listings), with no representation in studio, one-bedroom, or four-plus-bedroom categories. This concentration could signal an opportunity for investors willing to offer larger or uniquely configured properties to an underserved segment of guests.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
10 |
| 3 bedrooms |
|
5 |
ADR scales modestly from $273 for two-bedroom units to $281 for three-bedroom properties—a surprisingly narrow $8 premium for the extra bedroom. This suggests that guests in Arapahoe are primarily paying for location and amenities rather than additional space, making well-appointed two-bedroom properties a potentially efficient investment.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$273 |
| 3 bedrooms |
|
$281 |
Two-bedroom listings deliver substantially better RevPAN at $95 compared to just $46 for three-bedroom properties, driven largely by the occupancy gap between the two sizes. For investors focused on maximizing revenue per available night, two-bedroom configurations clearly outperform in this market.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$95 |
| 3 bedrooms |
|
$46 |
Two-bedroom properties maintain a 35% occupancy rate—more than double the 17% rate for three-bedroom listings—indicating significantly stronger and more consistent booking demand for smaller units. The low three-bedroom occupancy suggests that larger properties in Arapahoe face stiffer competition for a smaller pool of group travelers.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
35% |
| 3 bedrooms |
|
17% |
Two-bedroom listings earn an average of $2,650 per month, edging out three-bedroom properties at $2,392 despite commanding a lower nightly rate. The higher occupancy of two-bedroom units more than compensates for their slightly lower ADR, making them the more reliable monthly revenue generators.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$2,650 |
| 3 bedrooms |
|
$2,392 |
On an annual basis, two-bedroom properties bring in roughly $31,800 versus $28,705 for three-bedroom listings—a $3,100 advantage that, combined with potentially lower acquisition costs for smaller homes, positions two-bedroom units as the stronger return-on-investment play in Arapahoe.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$31,800 |
| 3 bedrooms |
|
$28,705 |
Every listing in Arapahoe offers a washer, dryer, kitchen, and self check-in, establishing these as baseline guest expectations. Waterfront access (65%), pools (77%), and pet-friendliness (65%) are also highly prevalent, signaling that guests booking in this coastal market prioritize outdoor recreation and water-adjacent experiences.
| Amenity | Trend | Value |
|---|---|---|
| Washer |
|
100% |
| Self Check-in |
|
100% |
| Dryer |
|
100% |
| Kitchen |
|
100% |
| Pool |
|
77% |
| Parking |
|
77% |
| Workspace |
|
71% |
| Waterfront |
|
65% |
| Pets |
|
65% |
| Patio or Balcony |
|
59% |
| Outdoor Furniture |
|
29% |
| BBQ Grill |
|
29% |
| Backyard |
|
29% |
| Gym |
|
18% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Arapahoe Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Above average | 40% |
| Occupancy Stability | Below average | 30% |
| Market Growth Trend | Above average | 15% |
| Supply/Demand Balance | Above average | 15% |
Arapahoe's ROI Score of 70 out of 100 places it in the "Attractive Opportunity" band, driven primarily by an above-average revenue-to-price ratio and favorable supply/demand dynamics in a market with only 17 listings. The below-average occupancy stability score reflects the pronounced seasonality that investors need to plan around, though above-average marks in market growth trend suggest demand is still catching up to supply. Pairing this data with thorough local regulatory research will help investors confirm whether Arapahoe's promising fundamentals translate into a viable investment for their specific portfolio.
Understanding local STR regulations is essential before investing in Arapahoe. Here's the current regulatory landscape:
Short-term rental operators in Arapahoe, NC should verify whether Pamlico County or the town requires a specific STR permit or registration before listing a property. Investors are encouraged to contact the local planning or zoning office directly, as requirements in rural North Carolina communities can vary.
Common restrictions that may apply include occupancy limits based on bedroom count, noise ordinances, parking requirements, and potential HOA rules for properties in planned communities. Some North Carolina jurisdictions also impose minimum stay requirements or cap the total number of STR permits issued in a given area.
North Carolina requires collection of state and local occupancy taxes on short-term rentals, and Pamlico County may levy additional room or tourism taxes. Platforms like Airbnb often collect and remit these taxes automatically, but hosts should confirm their specific obligations with the NC Department of Revenue.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Arapahoe can provide current regulatory guidance.
Financing an Airbnb investment in Arapahoe requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Arapahoe's STR market is likely to benefit from continued growth in coastal tourism demand across eastern North Carolina, with ADR potentially holding steady or seeing modest 1–3% increases given the market's premium positioning. Occupancy could drift upward as new listings mature and gain review traction, though the pronounced seasonality—with September revenue roughly ten times February's—means investors should plan for lean winter months. The strong supply/demand balance and above-average growth trend suggest the market hasn't yet reached saturation, but the rapid 71% year-over-year listing growth warrants monitoring to ensure demand keeps pace."
— Rabbu Market Analysis Team
Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.
Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month averages as of April 2026 and may not capture very recent market shifts. Local regulations, HOA rules, and tax obligations vary and should be independently verified before investing.
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