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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Forest City offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
Forest City, NC is a compact short-term rental market with just 16 active Airbnb listings and an average annual revenue of $20,239 per property. The market's ADR of $130 sits well below North Carolina's $262 state average, but occupancy at 35% slightly edges out the state benchmark of 34%. With average home values around $305,388 and a favorable supply/demand balance, Forest City presents an accessible entry point for investors seeking modest but steady cash flow in a small-town Western North Carolina setting.
According to Rabbu market data, the Forest City short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 16 |
| Average Daily Rate (ADR) | vs. $262 state avg. | $130 |
| Average Occupancy Rate | vs. 34% state avg. | 35% |
| RevPAN | ADR * Occupancy Rate | $45 |
| Average Monthly Revenue | Historical 12-month average | $1,686 |
| Average Annual Revenue | Historical 12-month average | $20,239 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.
Forest City's low property costs relative to revenue and a favorable supply/demand ratio make it worth evaluating for investors targeting affordable markets with manageable competition.
Key investment factors
"Forest City earns a 57 out of 100 on Rabbu's ROI Score, placing it in the "Attractive Opportunity" band — a market where healthy demand and reasonable property prices create a viable but not exceptional investment case. Seasonality is pronounced: July revenue of $2,910 is nearly four times the February low of $738, so cash-flow planning around winter months is essential. The above-average supply/demand balance is a meaningful positive, signaling that guest interest outstrips current inventory. Investors who pair strong amenity packages with competitive pricing should be well-positioned to capture share in this small but underserved market."
— Rabbu Market Analysis Team
Forest City shows strong seasonality, with July ($2,910) and August ($2,664) delivering roughly three to four times the revenue of the slowest months — February ($738) and January ($877). Investors should budget for lean winter quarters and capitalize on the June-through-October window, which consistently generates above-average returns.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$877 |
| February |
|
$738 |
| March |
|
$1,151 |
| April |
|
$1,282 |
| May |
|
$1,346 |
| June |
|
$1,897 |
| July |
|
$2,910 |
| August |
|
$2,664 |
| September |
|
$2,152 |
| October |
|
$2,109 |
| November |
|
$1,481 |
| December |
|
$1,627 |
The market's 16 listings are concentrated in smaller configurations, with 1-bedrooms (6 listings) and 2-bedrooms (5 listings) making up the majority of supply. Larger properties are essentially absent, which could represent either limited demand or an untapped niche for investors willing to test 3+ bedroom offerings.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
6 |
| 2 bedrooms |
|
5 |
ADR is nearly flat across property sizes, with 1-bedrooms at $110 and 2-bedrooms at $112 — just a $2 difference. This minimal premium suggests that guests in Forest City are price-sensitive and that larger units may need to compete on amenities and experience rather than per-night pricing.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$110 |
| 2 bedrooms |
|
$112 |
Two-bedroom listings deliver a significantly stronger RevPAN of $53 compared to $33 for 1-bedrooms, a 61% premium driven by higher occupancy rather than rate differences. For investors focused on per-night yield, the 2-bedroom configuration is the clear winner in this market.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$33 |
| 2 bedrooms |
|
$53 |
Two-bedroom properties maintain a 47% occupancy rate — 17 percentage points higher than the 30% average for 1-bedrooms. This gap makes 2-bedrooms the more reliable cash-flow option, while 1-bedroom investors may need sharper pricing or niche positioning to fill more nights.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
30% |
| 2 bedrooms |
|
47% |
Interestingly, 1-bedroom listings edge out 2-bedrooms on monthly revenue ($1,640 vs. $1,267), likely reflecting a subset of high-performing 1-bedroom units or premium pricing during peak periods. Investors should dig into individual listing performance rather than relying solely on averages at this small sample size.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$1,640 |
| 2 bedrooms |
|
$1,267 |
On an annual basis, 1-bedroom listings generate approximately $19,691 compared to $15,215 for 2-bedrooms. While the 1-bedroom figure is higher, the 2-bedroom's superior occupancy rate may offer more predictable income — the right choice depends on whether an investor prioritizes peak revenue or booking consistency.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$19,691 |
| 2 bedrooms |
|
$15,215 |
Every listing in Forest City offers a kitchen (100%), and self check-in and a dedicated workspace each appear in 88% of properties — signaling a guest base that values independence and practical amenities over luxury. Outdoor features like backyards (75%) and BBQ grills (75%) are also widely offered, suggesting guests expect a home-like, outdoor-friendly experience.
| Amenity | Trend | Value |
|---|---|---|
| Kitchen |
|
100% |
| Self Check-in |
|
88% |
| Workspace |
|
88% |
| Parking |
|
81% |
| Backyard |
|
75% |
| BBQ Grill |
|
75% |
| Dryer |
|
69% |
| Patio or Balcony |
|
69% |
| Washer |
|
69% |
| Pets |
|
56% |
| Outdoor Furniture |
|
38% |
| EV Charger |
|
6% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Forest City Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Average | 40% |
| Occupancy Stability | Average | 30% |
| Market Growth Trend | Below average | 15% |
| Supply/Demand Balance | Above average | 15% |
Forest City's ROI Score of 57 out of 100 places it in the "Attractive Opportunity" band, reflecting average revenue-to-price and occupancy stability metrics paired with an above-average supply/demand balance. The below-average market growth trend is the main factor holding the score back, suggesting the market hasn't yet demonstrated consistent upward momentum. Investors should pair these data points with thorough local regulatory research and a conservative underwriting approach to account for the market's small size and pronounced seasonality.
Understanding local STR regulations is essential before investing in Forest City. Here's the current regulatory landscape:
Short-term rental operators in Forest City, North Carolina may need to obtain permits or register with local authorities before listing a property. Investors should verify current requirements directly with the City of Forest City and Rutherford County, as regulations in smaller municipalities can evolve quickly.
Common restrictions in North Carolina communities include occupancy limits, minimum stay requirements, noise ordinances, and parking mandates. HOA rules may impose additional constraints, and some jurisdictions cap the number of STR permits issued — it's essential to review any deed restrictions or neighborhood covenants before purchasing.
North Carolina requires collection of state and local occupancy taxes on short-term rentals, and additional sales tax may apply. Many platforms like Airbnb collect and remit some taxes automatically, but hosts should confirm with the North Carolina Department of Revenue to ensure full compliance.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Forest City can provide current regulatory guidance.
Financing an Airbnb investment in Forest City requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Forest City's STR market is likely to see gradual demand growth, though market growth trends currently sit below average. Seasonal revenue patterns suggest summer months will continue driving the bulk of returns, with July and August historically generating $2,600–$2,900 per listing. Occupancy could hold steady in the 33–37% range, and modest ADR increases of 1–3% are plausible if supply growth remains measured. Investors should plan conservatively around the slower winter months, when revenue can dip below $900."
— 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, permit requirements, and tax obligations are subject to change — always verify with municipal and state authorities before investing.
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