The short-term rental market in Emerald Isle, North Carolina, is thriving, with a median occupancy rate of 59%, an average daily rate of $308, and an average annual host income of $66,000, making it a highly stable and profitable investment opportunity.
Thriving Short-Term Rental Market in Emerald Isle, North Carolina
Emerald Isle, North Carolina, continues to excel as a lucrative destination for short-term rentals. The market boasts a robust performance, with a median occupancy rate of 59% over the period from August 2023 to July 2024. This high occupancy rate is a strong indicator of the area's popularity among travelers. Additionally, the average daily rate for short-term rentals in Emerald Isle stands at an impressive $308, contributing to an average annual host income of $66,000. With lenient regulations and a stable demand, investing in short-term rentals in Emerald Isle remains a highly profitable and stable venture.
Short-Term Rental Regulations in Emerald Isle, North Carolina for 2024
State and Local Regulations
General Provisions
- No Statewide Ban: North Carolina does not prohibit short-term rentals, and local governments are prohibited from outright banning them.
Local Regulations
- Permit Requirements: While Emerald Isle's regulations are considered lenient, local governments in North Carolina can require short-term rental operators to obtain permits. For example, cities like Raleigh and Asheville have such requirements.
- In Emerald Isle, there is no strict enforcement of permit requirements, but operators may still need to comply with local zoning and health and safety standards.
Zoning and Compliance
- Zoning Restrictions: Short-term rentals must comply with residential zoning requirements. Properties must remain in compliance with all applicable residential zoning regulations.
- Emerald Isle Realty follows Carteret County Health Department regulations, which assume occupancy of two persons per bedroom.
Health and Safety
- Health and Safety Standards: Operators must ensure their properties comply with all applicable city ordinances and codes, including building and housing codes. Cities can revoke permits if there are multiple health and safety violations within a 12-month period.
Vehicle and Occupancy Limits
- Vehicle Restrictions: Cities can restrict the number of occupant vehicles to one vehicle per bedroom.
- Occupancy Limits: The number of occupants allowed is often determined by state and local building code standards and septic tank capacity.
Contract and Notification Requirements
- Contract Inclusions: Contracts for short-term rentals must include a copy of any city ordinances that regulate noise, waste removal, and parking, or a written summary of these ordinances.
Property Management
- Local Presence: Property managers or authorized agents must be within a 50-mile radius of the short-term rental when an occupant is staying there.
Taxes
- State and Local Taxes: Short-term rental operators must collect and remit North Carolina sales tax (6.75%) and local occupancy taxes (e.g., Carteret County occupancy tax is 6%).
Other Restrictions
- No Large Groups or Parties: Emerald Isle Realty specifically prohibits rentals to fraternities, school or civic groups, or other non-family groups, even if chaperoned by adults.
Additional Considerations
- Voluntary Disclosure Agreement (VDA): If operators have not been collecting and remitting taxes, they can take advantage of a VDA with the North Carolina Department of Revenue to disclose prior period tax liabilities and potentially avoid penalties.
- Compliance with Local Ordinances: Operators must stay informed about any changes or updates to local regulations and ensure compliance to avoid penalties or legal action.
Top Neighborhoods Generating Airbnb Revenue in Emerald Isle, North Carolina
1. Emerald Isle Central
- This area is highly appealing due to its proximity to various amenities, including shops, restaurants, and the Bogue Pier. Rentals like the "Island Treehouse" and "A Wave From It All: Oceanfront Condo" are favorites among guests for their extensive renovations, private decks, and easy access to the beach and local attractions.
2. North Topsail Beach
- Located just a short drive from Emerald Isle, North Topsail Beach offers a serene and less crowded beach experience. Properties such as "Cozy On-the-Beach w/ Private Deck" and "The Lookout: Tranquil Beachfront Condo" are highly rated for their direct beach access, private balconies, and stunning ocean views. Guests love the peaceful atmosphere and the opportunity to spot dolphins and search for shark teeth.
3. Surf City
- Surf City is another popular area, known for its laid-back coastal style and easy access to the beach. Rentals like "Dog Friendly Cozy Home Ocean View 1Min Walk To Beach" and "Weekend Seaclusion w/ Business Internet" are favored for their ocean views, rooftop decks, and proximity to the Surf City Pier and local restaurants.
4. Carolina Beach
- Although technically part of Pleasure Island and not Emerald Isle proper, Carolina Beach is often included in the broader area and attracts many guests. Condos such as "Best Location On The Island Amazing Ocean Views!" and "Perfect Location Boardwalk & Oceanfront!" are highly rated for their luxury amenities, central location, and stunning ocean views. Guests enjoy the vibrant boardwalk, seasonal carnival rides, and easy access to various attractions.
Why These Neighborhoods Are Appealing
- Direct Beach Access: Many of these rentals offer direct or very close access to the beach, making them ideal for beach lovers.
- Amenities and Activities: Proximity to shops, restaurants, piers, and other local attractions enhances the guest experience.
- Luxury and Comfort: Extensively renovated properties with modern amenities, private decks, and ocean views contribute to a comfortable and luxurious stay.
- Family and Pet-Friendly: Several rentals are designed to accommodate families and pets, making them inclusive for a wide range of travelers.
- Scenic Views and Peaceful Atmosphere: The combination of ocean views, marsh views, and peaceful surroundings makes these neighborhoods highly appealing for relaxation and leisure.
Creating an Inviting Airbnb in Emerald Isle, North Carolina: Design and Furnishing Tips
Reflect the Coastal Charm
- Use Light and Airy Color Schemes: Opt for pastel shades, whites, and blues to mirror the crystal-clear waters and sunny skies of Emerald Isle.
- Incorporate Natural Materials: Utilize wood, wicker, and rattan to bring a sense of the beach and outdoors into your space.
- Add Nautical Accents: Incorporate elements like anchors, ropes, and shells to give your space a coastal feel.
Emphasize Comfort and Relaxation
- Choose Plush Furnishings: Select comfortable, beach-inspired furniture such as oversized couches and hammocks to create a relaxing atmosphere.
- Provide Ample Seating Areas: Ensure there are multiple spots for guests to unwind, both indoors and outdoors, such as beachfront decks or porches.
- Include Soft Textiles: Use soft linens, throw blankets, and beach towels to add warmth and coziness to the space.
Highlight Local Culture and History
- Display Local Art and Decor: Hang local artwork, photographs of the area, and historical maps to give guests a sense of the region's rich history and culture.
- Incorporate Local Themes: Use decor that reflects the area's maritime history, such as vintage fishing nets or model boats.
- Provide Local Guides and Recommendations: Leave a welcome book with recommendations for local restaurants, attractions, and activities to enhance the guest experience.
Utilize Outdoor Spaces
- Optimize Beachfront Views: If your property has a beachfront view, ensure that the outdoor space is furnished with comfortable seating and dining areas to maximize the view.
- Create a Cozy Outdoor Ambiance: Use string lights, lanterns, and outdoor heaters to make the outdoor space inviting in the evenings.
- Provide Outdoor Activities: Include outdoor gear such as kayaks, paddleboards, or beach chairs to encourage guests to enjoy the local waters and beaches.
Focus on Practicality and Convenience
- Ensure Ample Storage: Provide storage solutions for beach gear, such as surfboards, bicycles, and beach toys, to keep the space organized.
- Offer Full Kitchen Amenities: Equip the kitchen with all necessary appliances and utensils, as well as some local specialties like seafood cookbooks or spices.
- Include Beach Essentials: Stock the property with beach essentials like sunscreen, beach towels, and water bottles to make guests' stays more convenient.
Maintain a Clean and Welcoming Environment
- Use Fresh and Clean Scents: Keep the space smelling fresh with coastal-inspired scents like sea salt and citrus.
- Keep it Well-Maintained: Regularly clean and maintain the property to ensure it always feels welcoming and inviting to guests.
- Add Personal Touches: Leave a welcome basket with local treats and a personalized note to make guests feel special and cared for.
Practical Tips to Run a Successful Short-Term Rental Business in Emerald Isle, North Carolina
To ensure a smooth and enjoyable experience for both you and your guests, here are some practical tips for managing a short-term rental business in Emerald Isle, North Carolina.
Noise Regulations and Quiet Hours
Inform your guests about the local noise regulations and quiet hours to avoid any potential issues. Emerald Isle, like many other vacation destinations, has rules to maintain a peaceful environment, especially during late hours. Include this information in your digital and physical house manual to set clear expectations.
Digital and Physical House Manual
Create a comprehensive house manual that includes essential instructions, Wi-Fi passwords, and other important details about the property. This manual should be both digital (accessible via a shared link or app) and physical (a printed copy left at the property). This ensures that guests have easy access to all the information they need to enjoy their stay.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with a unique access code and clear instructions on how to enter the property. This not only enhances convenience but also reduces the likelihood of lost keys or access issues.
Parking Instructions with Photos
Include detailed parking instructions in your house manual, accompanied by photos to help guests understand where and how to park. This is particularly important in areas with limited parking or specific regulations, ensuring that guests do not inadvertently park in prohibited areas.
By implementing these strategies, you can enhance the guest experience, reduce potential conflicts, and maintain a positive reputation for your short-term rental business in Emerald Isle.
Here is a brief list of house cleaning providers in Emerald Isle, North Carolina:
House Cleaning Services
Turno
- Offers vacation rental and Airbnb cleaning services with features like card payment, auto-scheduling, digital checklists, and photo documentation.
Angi Listed Cleaners
- A list of top-rated house cleaners in Emerald Isle, NC, with real reviews and ratings.
HomeAdvisor Listed Maid Services
- A selection of maid services in Emerald Isle, NC, with cost estimates and reviews. Average cost is around $145, with a range of $100 to $200.
Molly Maid of the Crystal Coast
- Although based in Morehead City, they provide professional house cleaning and maid services to the Crystal Coast area, including Emerald Isle.
For specific recommendations, you can also refer to user reviews and discussions on platforms like TripAdvisor.
Short-Term Rental Management Fees in Emerald Isle, North Carolina
In Emerald Isle, North Carolina, short-term rental management fees can vary significantly, typically ranging from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management, which includes comprehensive services such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum. Companies like Emerald Isle Realty offer detailed property management, including industry-leading digital marketing, nationally certified housekeeping services, and a dedicated homeowner services team, which can command fees closer to 20-30%.
In contrast, basic services that may only include listing and reservation management might incur lower fees. Additional costs can also arise for services like cleaning, repairs, or property design and enhancement. These extra fees are often necessary to maintain the property's condition and attract repeat guests, but they can add to the overall management cost.