Elk Park, North Carolina Short-Term Rental Market
Quick Answer: Elk Park, North Carolina is an active short-term rental market. average occupancy in the Boone market area is 50%. average monthly revenue in the Boone market area is $3,558. average daily rate in the Boone market area is $281.
Avg Monthly Revenue
$3,558
↑ 3.9% YoY
50%
Occupancy
↓ 1.2% YoY
$281
Avg Daily Rate
↑ 6.2% YoY
$141
RevPAR
↑ 4.8% YoY
Market data reflects the Boone regional market, which includes Elk Park. Regulations, taxes, and permit details below are specific to Elk Park.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 44% | $258 | $3,223 |
| Feb | 45% | $260 | $3,101 |
| Mar | 35% | $219 | $2,358 |
| Apr | 41% | $215 | $2,350 |
| May | 42% | $231 | $2,451 |
| Jun | 53% | $241 | $3,161 |
| Jul | 64% | $236 | $3,952 |
| Aug | 55% | $229 | $3,418 |
| Sep | 46% | $231 | $2,805 |
| Oct | 53% | $247 | $3,324 |
| Nov | 46% | $248 | $2,935 |
| Dec | 50% | $263 | $3,521 |
Investment Analysis
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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