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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Vilas presents a competitive opportunity: investor interest and demand are strong, but higher prices or tighter competition may require more selective deal sourcing.
Vilas, NC is a small mountain market in the High Country with 73 active Airbnb listings generating an average annual revenue of $34,645 per property. With an ADR of $256 — just slightly below the $262 state average — and occupancy sitting at 35%, the market rewards investors who can capitalize on strong summer and winter demand cycles. The 175% year-over-year growth in active listings signals rising investor interest, though average home values of $704,042 mean deal sourcing requires discipline to maintain healthy returns.
According to Rabbu market data, the Vilas short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 73 |
| Average Daily Rate (ADR) | vs. $262 state avg. | $256 |
| Average Occupancy Rate | vs. 34% state avg. | 35% |
| RevPAN | ADR * Occupancy Rate | $90 |
| Average Monthly Revenue | Historical 12-month average | $2,887 |
| Average Annual Revenue | Historical 12-month average | $34,645 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.
Vilas attracts investors because of its mountain tourism appeal combined with pronounced seasonal peaks that can deliver meaningful revenue during summer and winter months.
Key investment factors
"Vilas presents a competitive opportunity where returns are achievable but not guaranteed without careful property selection. The market's pronounced seasonality — revenue nearly triples from April's low of $1,544 to July's peak of $4,555 — means cash flow planning around shoulder months is critical. A below-average revenue-to-price ratio reflects the area's elevated home values relative to rental income, so investors who can acquire properties below the $704,042 average or who optimize pricing during peak windows will be best positioned. Overall, this is a market that favors experienced operators or those willing to invest in amenities and marketing to stand out in a growing field of 73 active listings."
— Rabbu Market Analysis Team
Revenue in Vilas follows a sharp seasonal curve, peaking in July at $4,555 and bottoming in April at $1,544 — a nearly 3x spread that underscores how critical summer and holiday pricing strategy is. A secondary revenue bump in October ($3,332) and December ($3,403) provides meaningful income outside the core summer window.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$3,044 |
| February |
|
$2,555 |
| March |
|
$1,930 |
| April |
|
$1,544 |
| May |
|
$1,861 |
| June |
|
$2,479 |
| July |
|
$4,555 |
| August |
|
$4,284 |
| September |
|
$3,008 |
| October |
|
$3,332 |
| November |
|
$2,645 |
| December |
|
$3,403 |
The 73 active listings in Vilas skew toward 2- and 3-bedroom properties, which together account for 51 of 66 tracked units. With only 6 one-bedroom and 9 four-bedroom listings, investors may find less competition — and potentially stronger occupancy — at the extremes of the size spectrum.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
6 |
| 2 bedrooms |
|
24 |
| 3 bedrooms |
|
27 |
| 4 bedrooms |
|
9 |
ADR jumps dramatically for 4-bedroom properties at $419 per night, roughly double the $202 rate for 2-bedroom units. The 3-bedroom tier at $253 offers a solid rate without the higher acquisition cost of larger homes, making it a strong middle-ground option for investors focused on rate-to-cost efficiency.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$225 |
| 2 bedrooms |
|
$202 |
| 3 bedrooms |
|
$253 |
| 4 bedrooms |
|
$419 |
Four-bedroom listings deliver the highest RevPAN at $111, followed closely by 1-bedrooms at $99 — despite their lower nightly rates, smaller units benefit from markedly higher occupancy. Two-bedroom properties trail the pack at $68 RevPAN, suggesting that size alone doesn't drive the best yield when occupancy is factored in.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$99 |
| 2 bedrooms |
|
$68 |
| 3 bedrooms |
|
$89 |
| 4 bedrooms |
|
$111 |
One-bedroom properties lead occupancy at 44%, well above the market average of 35%, while 4-bedroom listings sit lowest at 27%. This inverse relationship between size and occupancy means smaller units offer more consistent booking flow, which can be appealing for investors prioritizing steady cash flow over peak-night revenue.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
44% |
| 2 bedrooms |
|
34% |
| 3 bedrooms |
|
35% |
| 4 bedrooms |
|
27% |
Three-bedroom listings generate the highest average monthly revenue at $3,585, outpacing even 4-bedrooms ($3,227), thanks to a favorable combination of rate and occupancy. One-bedroom units earn the least at $1,946 per month, though their higher occupancy helps keep revenue more stable across seasons.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$1,946 |
| 2 bedrooms |
|
$2,582 |
| 3 bedrooms |
|
$3,585 |
| 4 bedrooms |
|
$3,227 |
At $43,027 per year, 3-bedroom properties offer the strongest annual revenue in Vilas, followed by 4-bedrooms at $38,734 and 2-bedrooms at $30,993. Investors targeting the best return potential relative to property availability should note that 3-bedrooms combine top revenue with a competitive but not oversaturated supply of 27 listings.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$23,354 |
| 2 bedrooms |
|
$30,993 |
| 3 bedrooms |
|
$43,027 |
| 4 bedrooms |
|
$38,734 |
Kitchens (100%) and parking (99%) are essentially mandatory in Vilas, reflecting a market where guests expect self-contained mountain getaway experiences. Hot tubs appear in 56% of listings and BBQ grills in 75%, signaling that outdoor and comfort amenities are key differentiators — while EV chargers (7%) and lake access (4%) remain rare and could serve as unique selling points.
| Amenity | Trend | Value |
|---|---|---|
| Kitchen |
|
100% |
| Parking |
|
99% |
| Self Check-in |
|
95% |
| Dryer |
|
85% |
| Washer |
|
85% |
| BBQ Grill |
|
75% |
| Workspace |
|
71% |
| Patio or Balcony |
|
69% |
| Outdoor Furniture |
|
63% |
| Hot Tub |
|
56% |
| Pets |
|
52% |
| Backyard |
|
51% |
| EV Charger |
|
7% |
| Lake Access |
|
4% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Vilas Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Below average | 40% |
| Occupancy Stability | Average | 30% |
| Market Growth Trend | Below average | 15% |
| Supply/Demand Balance | Average | 15% |
Vilas earns a Rabbu ROI Score of 51 out of 100, placing it in the Competitive Opportunity band where demand exists but returns require more intentional deal sourcing. The below-average revenue-to-price ratio — driven by home values averaging $704,042 against $34,645 in annual revenue — is the primary drag, while occupancy stability and supply/demand balance both register as average. Investors should pair this score with thorough local regulatory research and target properties priced below market to improve their yield profile.
Understanding local STR regulations is essential before investing in Vilas. Here's the current regulatory landscape:
Short-term rental operators in Vilas and surrounding Watauga County, North Carolina may need to obtain local permits or register their property before listing. Investors should verify current requirements directly with the Watauga County planning department and the Town of Vilas, as regulations in this area can evolve.
Common restrictions that may apply include occupancy limits based on bedroom count, minimum-stay requirements during certain periods, noise and parking regulations, and HOA covenants that could prohibit or limit short-term rentals in specific developments. Because many properties in the High Country are part of planned communities or homeowner associations, reviewing governing documents before purchasing is essential.
North Carolina levies state sales tax and local occupancy taxes on short-term rentals, and Watauga County may impose an additional room occupancy tax. Platforms like Airbnb often collect and remit some of these taxes automatically, but hosts should confirm they are meeting all state and county obligations.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Vilas can provide current regulatory guidance.
Financing an Airbnb investment in Vilas requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Vilas is likely to see continued supply growth as investor interest in North Carolina's mountain corridor remains elevated. Occupancy may settle in the 33–37% range as new listings absorb into the market, and ADR could edge up modestly by 1–3% given the area's appeal during peak summer and holiday seasons. Investors should anticipate that the revenue-to-price ratio will remain under pressure unless acquisition costs are negotiated below market averages. Selective deal sourcing — particularly targeting 3-bedroom properties with strong amenity packages — will be key to outperforming the broader market."
— 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 averages and may not capture very recent market shifts or regulatory changes. Individual property results will vary based on location, condition, amenities, pricing strategy, and management quality.
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