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AirDNA Data: US North Carolina Wake Forest

How is Wake Forest performing?

66

Good
Market Score

29

Investability

74

Rental Demand

21

Revenue Growth

88

Seasonality

30

Regulation

Annual Revenue

$15.3K

+3%

past year

Occupancy Rate

52%

+4%

past year

Average Daily Rate

$186.9

+3%

past year

Revenue per Available Rental (RevPAR)

$97.5

+6%

past year

Wake Forest Performance Details

Total available listings

187

+3%

past year

Listings by rental channel

Channel

Airbnb (60%)

Vrbo (16%)

Both (24%)

Listings by rental size

Bedrooms

1 Bedroom (37%)

2 Bedroom (21%)

3 Bedroom (24%)

4 Bedroom (12%)

5+ Bedroom (6%)

Rental growth in the last 12 months

Active Listings

+8%

past year

Listings by annual availability

Available

1-90 nights (48%)

91-180 nights (24%)

181-270 nights (12%)

271-365 nights (16%)

Listings by rental type

Type

Entire Home (87%)

Private Room (13%)

Shared Room (0%)

Listings by Cancellation Policy

Flexible (19.9%)

Moderate (66.7%)

Strict (12.9%)

Super Strict (0.5%)

Listings by Minimum Stay

1 Night (0.0%)

2 Nights (31.0%)

3 Nights (11.8%)

4-6 Nights (7.5%)

7-29 Nights (9.6%)

30+ Nights (40.1%)

What amenities do listings have?

Aircon

98%

Internet

97%

Wireless Internet

95%

Kitchen

91%

Heating

89%

Who are the largest property managers?

Property ManagerListingsAnnual ChangeReviewsAverage Review
Evolve
2-0.3%17
4.95
Triangle short term rentals
10.0%77
4.90

Occupancy

Occupancy Rate

52%

+5%

past year

Booking lead time
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Length of stay
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What percentage of the month was occupied?

Average monthly occupancy over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018

Revenue

Average revenue

$1,528,005

+5%

past year

How much revenue did listings earn per month?

Average revenue over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018

Rates

Revenue per available rental (RevPAR)

$52

+5%

past year

Revenue per available rental
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Revenue per available rental (RevPAR) over the last 5 years
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What was the average daily rate?

Average daily rate over the last 5 years

-3%

past year

2023
2022
2021
2020
2019
2018

Revenue per available rental (RevPAR)

Revenue per available rental

$52

-7%

past year

Weekend revenue per available rental (RevPAR)
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What percentage of the month was occupied?

Average monthly occupancy over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018
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