Morrisville, NC Airbnb Market Data, Statistics, and Occupancy Rates

Morrisville Short-Term Rental Market Overview

Morrisville, NC sits in the heart of the Research Triangle, positioned between Raleigh and Durham with close proximity to RDU International Airport and a dense corridor of tech employers. With just 21 active Airbnb listings, this is a micro-market where supply is extremely limited, creating potential for operators who can differentiate on quality and amenities. The average annual revenue of $19,883 and a $173 ADR — below the $262 North Carolina state average — reflect a market that currently leans toward budget-conscious, utilitarian stays rather than premium leisure travel. Investors should view Morrisville as a niche opportunity where corporate and relocation-driven demand could be captured with the right property and pricing strategy.

Key Market Statistics

According to Rabbu market data, the Morrisville short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026.

Why Investors Consider Morrisville

Morrisville's appeal lies in its proximity to major Triangle employers, RDU Airport, and a notably thin supply of short-term rentals that gives well-run properties a chance to capture demand with minimal local competition.

Expert Market Assessment

"Morrisville represents a limited but potentially underserved opportunity for STR investors willing to work within a small market. The 27% average occupancy rate trails the state average, and annual revenue of $19,883 won't turn heads compared to nearby Raleigh or Durham — but the extremely thin supply of just 21 listings means there's little competitive pressure pushing rates down. Seasonality is relatively flat: July peaks at $1,905 in average monthly revenue while January dips to $1,188, creating a manageable spread for operators budgeting cash flow. Investors targeting 3-bedroom properties, which generate $2,679 per month on average, will find the strongest revenue potential in this market."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Morrisville

Average revenue by month in Morrisville

Revenue in Morrisville peaks in July at $1,905 and bottoms out in January at $1,188, creating a relatively modest seasonal swing of about $717. This narrow spread suggests demand is driven more by steady business travel and relocation patterns than by seasonal tourism, which is a positive signal for year-round cash flow planning.

Active Airbnb listings by property size in Morrisville

The market's 21 listings are concentrated in just two size categories: 1-bedroom units (11 listings) dominate supply, followed by 3-bedroom properties (6 listings). The absence of 2-bedroom, 4-bedroom, and larger listings could represent a gap — investors bringing a 2-bedroom product to market, for instance, would face essentially no direct competition.

Average daily rate (ADR) by property size in Morrisville

ADR jumps dramatically from $74 for 1-bedroom listings to $329 for 3-bedroom properties, a 4.4x increase that reflects strong pricing power for larger homes in this market. The premium for 3-bedrooms is particularly notable and suggests group travelers or families are willing to pay significantly more for space in the Morrisville area.

Average RevPAN by property size in Morrisville

Three-bedroom properties deliver a RevPAN of $51 compared to just $18 for 1-bedrooms, making larger units the clear revenue-per-night leaders despite their lower occupancy. This gap indicates that even with fewer booked nights, 3-bedroom listings generate substantially more revenue per available night thanks to their higher daily rates.

Average occupancy rates by property size in Morrisville

One-bedroom listings lead occupancy at 25%, while 3-bedroom properties trail at 16% — both well below state averages. While 1-bedrooms fill more consistently, their low ADR limits overall revenue, meaning the occupancy advantage doesn't translate into stronger earnings compared to less-frequently-booked 3-bedroom units.

Average monthly revenue by property size in Morrisville

Three-bedroom properties earn $2,679 per month on average — more than four times the $657 that 1-bedroom listings generate. This stark revenue difference underscores that in Morrisville, larger properties are the primary revenue drivers despite their lower occupancy rates.

Average annual revenue by property size in Morrisville

At $32,148 annually, 3-bedroom properties significantly outperform 1-bedroom units at $7,887, making them the most compelling configuration for return potential in this market. Investors considering Morrisville should weigh the higher acquisition cost of 3-bedroom homes against this roughly 4x revenue advantage.

Most common amenities for Airbnb listings in Morrisville

Parking tops the list at 100% prevalence, followed by kitchen (95%), and a cluster of amenities at 81% including dryer, self check-in, washer, and workspace — a profile that strongly signals a business and extended-stay traveler audience. Investors should treat parking, in-unit laundry, a dedicated workspace, and self check-in as table-stakes amenities in this market to remain competitive.

Short-Term Rental Regulations in Morrisville

Understanding local STR regulations is essential before investing in Morrisville. Here's the current regulatory landscape:

Permit Requirements

Morrisville, North Carolina may require short-term rental operators to obtain a permit or register with the town before listing a property. Investors should verify current requirements directly with the Town of Morrisville and Wake County, as local STR regulations in the Triangle area continue to evolve.

Key Restrictions

Common restrictions in North Carolina municipalities can include occupancy limits, minimum stay requirements, noise and nuisance ordinances, parking regulations, and HOA or community covenant restrictions that may prohibit or limit short-term rentals. Given that many Morrisville properties are in planned communities, checking HOA rules before purchasing is especially important.

Tax Obligations

Short-term rental operators in North Carolina are generally subject to state sales tax as well as local occupancy taxes collected by Wake County. Major booking platforms typically handle collection and remittance on behalf of hosts, but investors should confirm their specific obligations with a tax professional.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Morrisville can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Morrisville's STR performance is likely to remain closely tied to corporate travel patterns and the ongoing growth of Research Triangle tech and biotech employers. Monthly revenue data shows relatively mild seasonality, with summer months peaking around $1,905 and winter dipping to roughly $1,188 — a spread that suggests steady, if modest, year-round demand. Occupancy currently sits at 27% versus the 34% state average, so there's room for improvement if operators optimize pricing and target mid-week business travelers. ADR could see incremental gains of 2–5% if the limited supply holds and Triangle-area economic expansion continues, though individual results will depend heavily on property positioning."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Morrisville, NC

What is the average Airbnb occupancy rate in Morrisville?

The average occupancy rate for Airbnb listings in Morrisville is currently 27%, which falls below the North Carolina state average of 34%. Occupancy varies by property size — 1-bedroom listings average 25% while 3-bedroom properties come in at 16%. These figures suggest that while demand exists, there is room for well-positioned properties to capture additional bookings through competitive pricing and targeted marketing to business travelers.

How much do Airbnb hosts make in Morrisville?

Airbnb hosts in Morrisville earn an average of $1,656 per month, which translates to approximately $19,883 in average annual revenue based on trailing 12-month performance. Revenue varies significantly by property size: 1-bedroom listings average $657 per month ($7,887 annually), while 3-bedroom properties bring in $2,679 per month ($32,148 annually). These figures represent market averages, and individual earnings can differ based on property quality, pricing, and guest experience.

Is Morrisville a good market for Airbnb investment?

Morrisville is a niche market with distinct characteristics that may appeal to certain investors. On the positive side, there are only 21 active listings, meaning competition is very low, and the market benefits from proximity to RDU Airport and major Research Triangle employers. However, occupancy at 27% and an ADR of $173 are both below state averages, so returns are modest compared to larger nearby markets. Investors who can target corporate travelers and relocation guests with well-appointed 3-bedroom properties will likely see the strongest returns.

What is the average daily rate (ADR) for Airbnb in Morrisville?

The average daily rate for Airbnb listings in Morrisville is $173, which is below the North Carolina state average of $262. Rates vary considerably by size: 1-bedroom units average $74 per night, while 3-bedroom properties command $329 per night. The lower overall ADR reflects the market's mix of smaller, budget-oriented listings serving primarily business and short-stay guests rather than premium vacation travelers.

Are short-term rentals legal in Morrisville?

Short-term rentals are generally permitted in Morrisville, NC, though operators may need to obtain permits or register with local authorities. Regulations can vary and are subject to change, so prospective investors should check directly with the Town of Morrisville and Wake County for the most current rules. It's also important to review any HOA covenants or community restrictions that may apply to specific properties, as many Morrisville neighborhoods are in planned developments with their own rental policies.

When is peak season for Airbnb in Morrisville?

Peak season in Morrisville runs during the summer months, with July leading at $1,905 in average monthly revenue and August close behind at $1,898. The shoulder months of May ($1,790) and October ($1,786) also perform well. The slowest period is January at $1,188, though the overall seasonal spread is relatively narrow — roughly $700 between peak and trough — indicating fairly consistent demand throughout the year.

How many Airbnbs are there in Morrisville?

As of April 2026, there are 21 active Airbnb listings in Morrisville. This is a very small supply base, with inventory split primarily between 1-bedroom units (11 listings) and 3-bedroom properties (6 listings). The limited supply means there is relatively little competition, which could benefit operators who offer well-maintained properties with the right amenities for the market's guest profile.

How is Airbnb revenue calculated in Morrisville?

The annual and monthly revenue figures for Morrisville are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market — they are not forward-looking projections. We average each comparable listing's actual revenue per available night (RevPAN) by month over the past year, remove regional outliers, and roll the results up to a market-level historical average. This approach anchors the figures to what hosts have actually earned recently while naturally reflecting seasonal peaks and slower months, since each month uses its own historical performance data. Individual results can vary based on property quality, pricing strategy, and operational management.

About Rabbu Market Data

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.

What this data includes

• Regularly updated active Airbnb and STR listing counts for Morrisville and surrounding areas
• Average daily rate, occupancy, and RevPAN metrics benchmarked against state averages
• Monthly and annual revenue averages based on trailing 12-month booking performance
• Property size breakdowns for listings, rates, occupancy, and revenue
• Amenity prevalence data across active listings in the market

Sources and disclaimers

Rabbu proprietary analytics 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 and market conditions may have shifted since the most recent collection period. Local regulations, HOA restrictions, and tax obligations vary and should be independently verified before making investment decisions.