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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Athens offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
Athens, GA presents an attractive short-term rental opportunity shaped by its college-town dynamics and event-driven demand, particularly during football season and university-related weekends. With 480 active Airbnb listings generating an average annual revenue of $27,932 and an ADR of $276, the market offers a compelling entry point — especially given average home values of $522,559. Revenue swings sharply by season, which rewards operators who price strategically around peak periods.
According to Rabbu market data, the Athens short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 480 |
| Average Daily Rate (ADR) | vs. $299 state avg. | $276 |
| Average Occupancy Rate | vs. 32% state avg. | 28% |
| RevPAN | ADR * Occupancy Rate | $78 |
| Average Monthly Revenue | Historical 12-month average | $2,327 |
| Average Annual Revenue | Historical 12-month average | $27,932 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.
Athens attracts STR investors because of its reliable, event-driven demand calendar anchored by the University of Georgia, combined with home values that keep acquisition costs moderate relative to peak-season revenue.
Key investment factors
"Athens earns a 59 out of 100 ROI score — categorized as an Attractive Opportunity — reflecting a market where revenue potential and property costs are reasonably balanced, though occupancy sits slightly below the state average. The pronounced seasonality is both a strength and a consideration: September, October, and November collectively deliver monthly revenues two to three times the summer baseline, meaning cash flow planning around off-peak months is critical. Investors willing to cater to the group-travel segment with larger homes stand to capture the highest absolute returns, while smaller units benefit from steadier (if more modest) occupancy year-round."
— Rabbu Market Analysis Team
Athens displays dramatic seasonality, with September ($4,150) and November ($3,580) delivering peak revenue that's roughly three times higher than the slowest months of January ($1,359) and December ($1,516). Investors should plan cash reserves around the quieter summer and winter periods while capitalizing on the lucrative fall event season.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,359 |
| February |
|
$1,757 |
| March |
|
$1,994 |
| April |
|
$2,140 |
| May |
|
$2,497 |
| June |
|
$1,768 |
| July |
|
$1,761 |
| August |
|
$2,056 |
| September |
|
$4,150 |
| October |
|
$3,348 |
| November |
|
$3,580 |
| December |
|
$1,516 |
One- and two-bedroom listings dominate supply with 159 and 156 listings respectively, accounting for nearly two-thirds of all inventory. Larger properties (5 bedrooms and 6+ bedrooms) are notably scarce with just 17 combined listings, suggesting a potential supply gap for group-travel accommodations during peak event weekends.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
12 |
| 1 bedroom |
|
159 |
| 2 bedrooms |
|
156 |
| 3 bedrooms |
|
85 |
| 4 bedrooms |
|
51 |
| 5 bedrooms |
|
11 |
| 6+ bedrooms |
|
6 |
ADR scales aggressively with property size in Athens — from $133 for studios up to $915 for 5-bedroom homes, reflecting the premium event-goers pay for group-friendly accommodations. The sharpest rate jump occurs between 3 bedrooms ($365) and 4 bedrooms ($499), where the per-night premium starts accelerating significantly.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$133 |
| 1 bedroom |
|
$165 |
| 2 bedrooms |
|
$212 |
| 3 bedrooms |
|
$365 |
| 4 bedrooms |
|
$499 |
| 5 bedrooms |
|
$915 |
| 6+ bedrooms |
|
$815 |
Revenue per available night climbs steadily from $48 for 1-bedroom units to $180 for 5-bedroom properties, which lead all categories in RevPAN. The 6+ bedroom segment drops to $142, suggesting that the very largest homes may face slightly more booking friction despite their high nightly rates.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$55 |
| 1 bedroom |
|
$48 |
| 2 bedrooms |
|
$65 |
| 3 bedrooms |
|
$94 |
| 4 bedrooms |
|
$124 |
| 5 bedrooms |
|
$180 |
| 6+ bedrooms |
|
$142 |
Studios achieve the highest occupancy at 41%, likely benefiting from lower price points and solo or couple travelers. Occupancy trends downward as properties get larger — 3-bedroom listings average 26% and 6+ bedrooms just 18% — meaning larger homes rely on fewer but higher-value bookings to generate their superior revenue.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
41% |
| 1 bedroom |
|
29% |
| 2 bedrooms |
|
31% |
| 3 bedrooms |
|
26% |
| 4 bedrooms |
|
25% |
| 5 bedrooms |
|
20% |
| 6+ bedrooms |
|
18% |
Monthly revenue rises sharply with bedroom count, from $1,534 for 1-bedroom listings to $5,249 for 5-bedroom properties and a standout $10,337 for 6+ bedroom homes. Even studios ($2,167) outperform 1-bedrooms, likely due to their higher occupancy rates compensating for lower nightly rates.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$2,167 |
| 1 bedroom |
|
$1,534 |
| 2 bedrooms |
|
$2,178 |
| 3 bedrooms |
|
$3,339 |
| 4 bedrooms |
|
$3,915 |
| 5 bedrooms |
|
$5,249 |
| 6+ bedrooms |
|
$10,337 |
At the top end, 6+ bedroom properties generate an impressive $124,049 annually — roughly 4.7 times the market average — while 5-bedroom homes earn $62,991. For investors seeking the strongest absolute return potential, larger configurations clearly dominate, though 2-bedroom units at $26,136 annually offer a more accessible entry point near the market-wide average.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$26,004 |
| 1 bedroom |
|
$18,413 |
| 2 bedrooms |
|
$26,136 |
| 3 bedrooms |
|
$40,077 |
| 4 bedrooms |
|
$46,989 |
| 5 bedrooms |
|
$62,991 |
| 6+ bedrooms |
|
$124,049 |
Parking leads amenity prevalence at 99%, reflecting the car-dependent nature of Athens and the importance of convenient access during game-day weekends. Kitchen (90%), self check-in (86%), and laundry (68% washer, 64% dryer) are essentially table stakes, while a workspace (57%) signals a meaningful subset of guests who blend travel with remote work.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
99% |
| Kitchen |
|
90% |
| Self Check-in |
|
86% |
| Washer |
|
68% |
| Dryer |
|
64% |
| Patio or Balcony |
|
57% |
| Workspace |
|
57% |
| Backyard |
|
52% |
| Outdoor Furniture |
|
48% |
| BBQ Grill |
|
34% |
| Pets |
|
25% |
| Pool |
|
10% |
| Gym |
|
9% |
| EV Charger |
|
4% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Athens Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Average | 40% |
| Occupancy Stability | Average | 30% |
| Market Growth Trend | Average | 15% |
| Supply/Demand Balance | Average | 15% |
Athens earns a 59 out of 100 ROI score, placing it in the Attractive Opportunity band — a market where revenue potential and property costs are reasonably balanced, though not without seasonal variability. All four calculation factors — Revenue-to-Price Ratio, Occupancy Stability, Market Growth Trend, and Supply/Demand Balance — grade at Average, indicating a consistent but not exceptional profile across the board. Investors should pair these data-driven insights with thorough local regulatory research and on-the-ground property analysis to validate whether specific opportunities in Athens meet their return thresholds.
Understanding local STR regulations is essential before investing in Athens. Here's the current regulatory landscape:
Athens-Clarke County, Georgia may require short-term rental operators to obtain a business license or STR-specific permit before listing a property. Investors should verify current registration requirements directly with the Athens-Clarke County Unified Government and the Georgia Department of Revenue.
Common restrictions in university-adjacent Georgia markets can include occupancy limits, noise ordinances, minimum-night stays, and parking requirements. HOA covenants and zoning designations may further limit where STRs can operate, so reviewing any applicable deed restrictions and neighborhood regulations before purchasing is essential.
Short-term rental hosts in Georgia are typically subject to state sales tax, county lodging taxes, and potentially a local hotel-motel excise tax. Platforms like Airbnb often collect and remit some of these taxes automatically, but operators should confirm their obligations with Athens-Clarke County and the Georgia Department of Revenue.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Athens can provide current regulatory guidance.
Financing an Airbnb investment in Athens requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Athens is likely to maintain its pronounced seasonal revenue pattern, with fall months (September through November) continuing to drive the bulk of annual income. Occupancy, currently at 28% versus the 32% Georgia state average, may tighten modestly as hosts optimize pricing and listing quality. ADR is estimated to hold steady or rise 1–3% as event-weekend demand remains robust, though the 134% year-over-year growth in active listings suggests investors should monitor supply closely to ensure the market doesn't outpace demand."
— 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 Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month historical averages as of the dates noted and may not capture very recent market shifts. Local regulations, HOA restrictions, and tax obligations vary and should be independently verified before investing.
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