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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Bourbon offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
Bourbon, MO is a small but intriguing short-term rental market where favorable property prices create a compelling revenue-to-price ratio for investors willing to work with a compact inventory. With just 12 active Airbnb listings and an average home value of $212,974, the barrier to entry is notably low, while annual revenue averaging $29,399 represents a solid yield relative to acquisition costs. Strong summer seasonality and above-average supply/demand dynamics further bolster the opportunity, though occupancy sits below the Missouri state average at 22%, requiring careful cash-flow planning during slower months.
According to Rabbu market data, the Bourbon short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 12 |
| Average Daily Rate (ADR) | vs. $240 state avg. | $202 |
| Average Occupancy Rate | vs. 28% state avg. | 22% |
| RevPAN | ADR * Occupancy Rate | $44 |
| Average Monthly Revenue | Historical 12-month average | $2,449 |
| Average Annual Revenue | Historical 12-month average | $29,399 |
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 Bourbon for its strong revenue-to-price ratio and limited competition within a small but active STR market.
Key investment factors
"Bourbon presents an attractive but niche opportunity for STR investors who understand seasonal markets. The ROI score of 61 out of 100 reflects a healthy revenue-to-price ratio and favorable supply/demand balance, tempered by below-average occupancy stability — a direct consequence of the dramatic seasonal swing from $699 in January to $5,696 in July. Investors should approach this market with realistic cash-flow models that account for several lean winter months, while capitalizing on the robust summer peak that drives the bulk of annual earnings. For those comfortable managing seasonality, the low property costs and limited competition make Bourbon worth serious consideration."
— Rabbu Market Analysis Team
Bourbon exhibits extreme seasonality, with July delivering the highest monthly revenue at $5,696 — more than eight times the January low of $699. The summer months of May through August account for the lion's share of annual income, making strong peak-season pricing and off-season cost management essential for profitability.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$699 |
| February |
|
$800 |
| March |
|
$1,973 |
| April |
|
$1,704 |
| May |
|
$3,105 |
| June |
|
$3,710 |
| July |
|
$5,696 |
| August |
|
$3,895 |
| September |
|
$2,502 |
| October |
|
$2,128 |
| November |
|
$1,642 |
| December |
|
$1,539 |
The entire reported supply in Bourbon consists of 7 two-bedroom listings, indicating an extremely concentrated market. This narrow inventory suggests potential opportunity for investors willing to offer larger properties or unique configurations that could capture underserved demand segments.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
7 |
Two-bedroom properties — the only size with available data — command an average daily rate of $150, which is below the overall market ADR of $202. The gap suggests that other unlisted or less common property types may be pulling the market average higher, potentially indicating premium pricing power for differentiated listings.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$150 |
Two-bedroom listings generate $47 in revenue per available night, slightly above the overall market RevPAN of $44. This reflects the relatively stronger occupancy of 2-bedroom units compared to the market average, making them a reasonably efficient revenue generator despite their moderate ADR.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$47 |
Two-bedroom properties achieve a 31% occupancy rate, meaningfully outperforming the overall market average of 22%. This suggests that the 2-bedroom format aligns well with guest demand in Bourbon, offering investors more consistent booking activity relative to the broader market.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
31% |
Two-bedroom properties average $1,760 per month, which falls below the overall market average of $2,449. The difference likely reflects that higher-performing or larger properties not captured in the size breakdown are pushing the market average upward during peak months.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$1,760 |
At $21,124 in average annual revenue, 2-bedroom listings deliver roughly a 9.9% gross yield against the $212,974 average home value. While this is solid for a small rural market, investors with properties that can outperform during peak summer months may see meaningfully higher returns.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$21,124 |
Kitchen and parking are universal at 100% of listings, reflecting baseline guest expectations in a rural market where dining options are limited and car travel is standard. BBQ grills (83%), outdoor furniture (58%), and self check-in (58%) round out the top amenities, underscoring that guests in Bourbon prioritize outdoor living and convenience — investors should consider these essential rather than optional.
| Amenity | Trend | Value |
|---|---|---|
| Kitchen |
|
100% |
| Parking |
|
100% |
| BBQ Grill |
|
83% |
| Outdoor Furniture |
|
58% |
| Self Check-in |
|
58% |
| Backyard |
|
50% |
| Patio or Balcony |
|
50% |
| Workspace |
|
50% |
| Pets |
|
42% |
| Dryer |
|
25% |
| Pool |
|
25% |
| Washer |
|
25% |
| Hot Tub |
|
17% |
| Beach Access |
|
8% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Bourbon Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Above average | 40% |
| Occupancy Stability | Below average | 30% |
| Market Growth Trend | Average | 15% |
| Supply/Demand Balance | Above average | 15% |
Bourbon's ROI score of 61 out of 100 places it in the "Attractive Opportunity" band, driven primarily by an above-average revenue-to-price ratio and favorable supply/demand balance — both critical indicators that revenue potential is strong relative to acquisition costs. However, below-average occupancy stability signals that earnings are heavily concentrated in summer months, so investors should model conservatively for off-season cash flow. Pairing this data with thorough local regulatory research and a realistic seasonal budget will help determine whether Bourbon fits your investment criteria.
Understanding local STR regulations is essential before investing in Bourbon. Here's the current regulatory landscape:
Short-term rental operators in Bourbon, MO, should verify whether a permit, business license, or registration is required with the City of Bourbon and Crawford County. Missouri does not impose a statewide STR permit requirement, so local rules will apply and should be confirmed directly with municipal authorities before listing.
Common restrictions that may apply include occupancy limits, minimum stay requirements, noise and nuisance ordinances, parking regulations, and any applicable HOA rules for properties within managed communities. Investors should also check whether permit caps or zoning restrictions limit where STRs can operate within city limits.
Missouri levies a state sales tax on short-term lodging, and Crawford County or the City of Bourbon may impose additional transient occupancy or tourism taxes. Platforms like Airbnb often collect and remit some of these taxes on behalf of hosts, but operators should confirm their full tax obligations with local and state authorities.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Bourbon can provide current regulatory guidance.
Financing an Airbnb investment in Bourbon requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Bourbon's STR market is likely to maintain its pronounced seasonal pattern, with peak revenue concentrated in the June–August window and softer demand through winter. Year-over-year listing growth of 33% signals rising investor interest, which could moderately compress occupancy rates if demand doesn't keep pace. ADR may hold steady or edge up 1–3% as the market matures, and investors entering now should plan for monthly revenue swings ranging from roughly $700 in January to over $5,600 in July. These estimates assume current demand drivers remain stable, and individual results will depend on property positioning and pricing strategy."
— 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 performance as of April 2026 and may not capture recent regulatory or market shifts. Individual property results will vary based on location, quality, pricing strategy, and management approach.
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