Airbnb & VRBO Performance in Maggie Valley North Carolina.

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Maggie Valley, North Carolina: Airbnb & VRBO Vacation Rental Market Overview

In Maggie Valley, North Carolina, short-term rentals are generating significant revenue, with average nightly rates over $218 and monthly revenues of around $24,579, despite a moderate occupancy rate of 48%.

Market overview

Thriving Short-Term Rentals in Maggie Valley, North Carolina

Maggie Valley, North Carolina, continues to be a lucrative destination for short-term rental investors. Despite some national trends indicating a decline, Maggie Valley's vacation rental market remains robust. On average, short-term rentals in the area are achieving a notable 48% occupancy rate, with an impressive average daily rate of $236. This translates to a substantial monthly revenue of approximately $24,579 for a typical vacation rental. With its appealing amenities and welcoming atmosphere, Maggie Valley homes are attracting a steady stream of guests, making it an excellent choice for those looking to maximize their rental income.

Short Term Regulations

Short-Term Rental Regulations in Maggie Valley, North Carolina for 2024

Key Regulations

1. Vacation Rental Permit

  • All short-term rentals must obtain a Vacation Rental Permit from Haywood County.

2. Occupancy Tax

  • Hosts are required to collect and remit a 4% occupancy tax on all bookings, which supports local tourism development.

3. Zoning Regulations

  • There are zoning regulations that may restrict the ability to host in certain areas or types of properties. Short-term rentals must comply with all applicable residential zoning requirements.

4. Compliance with Local Ordinances

  • Short-term rentals must comply with all applicable city ordinances and codes, including building and housing codes.

5. Guest Information and Communication

  • While there are no specific noise or parking regulations, hosts are encouraged to be mindful of their neighbors and to communicate expectations to their guests to maintain a positive community relationship.

6. Written Rental Agreement

  • Landlords or real estate brokers and tenants must sign a written rental agreement before the lease, as per the North Carolina Vacation Rental Act.

7. Property Maintenance

  • Landlords are obliged to provide fit premises, which includes complying with building and housing codes, making required repairs, and maintaining all facilities and common areas.

8. Safety Requirements

  • Properties must have operable smoke detectors and carbon monoxide alarms to ensure guest safety.

9. Local Health and Safety Standards

  • Local authorities may revoke a permit if a short-term rental incurs five health and safety violations within a 12-month period. Hosts must be given the opportunity to contest and remedy any violations.

10. Restrictions on Special Gatherings

  • Some local regulations may restrict the use of short-term rentals for special gatherings and events, although this is not specifically mentioned for Maggie Valley, it is a common regulation in other parts of North Carolina.
Neighborhood Performance

Neighborhoods Generating the Most Airbnb Revenue in Maggie Valley, North Carolina

While specific neighborhood data is not provided in the sources, we can infer the most lucrative areas based on the overall appeal and characteristics of Maggie Valley.

1. Areas Near Cataloochee Ski Area

  • These neighborhoods are highly appealing due to their proximity to the Cataloochee Ski Area, which attracts tourists during the winter months. The convenience and scenic views make these properties highly sought after, contributing to higher revenue.

2. Properties Along the Blue Ridge Parkway

  • Neighborhoods near the Blue Ridge Parkway are popular for their scenic drives and easy access to hiking trails. This proximity to natural beauty and outdoor activities makes these areas attractive to both adventure seekers and those looking for a tranquil getaway.

3. Historic and Central Maggie Valley

  • The historic and central areas of Maggie Valley offer a laid-back atmosphere and easy access to local amenities, shops, and restaurants. These neighborhoods are appealing for guests who want to experience the local culture and convenience.

4. Mountain Retreat Areas

  • Neighborhoods featuring modern mountain retreats and luxury vacation homes are in high demand. These properties often offer unparalleled comfort, privacy, and sophistication, making them highly profitable due to their appeal to guests seeking a luxurious stay.

Why These Neighborhoods Are Appealing

  • Proximity to Natural Attractions: Areas near the Great Smoky Mountains, Blue Ridge Parkway, and Cataloochee Ski Area are highly attractive due to the year-round outdoor activities they offer, such as hiking, skiing, and scenic drives.
  • Seasonal Demand: The seasonal patterns in Maggie Valley, with peak tourism in summer, fall, and winter, ensure a steady demand for vacation rentals throughout the year.
  • Luxury and Comfort: Neighborhoods with luxury vacation homes and modern mountain retreats provide guests with a high level of comfort, privacy, and sophistication, which is a significant draw for those looking for a premium vacation experience.
  • Local Culture and Amenities: Central and historic areas offer guests the opportunity to experience the local culture, with easy access to shops, restaurants, and other local amenities.
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Design Tips
Insider Tips

Discover Maggie Valley, North Carolina: Local Attractions and Insider Tips

Outdoor Adventures

  • Great Smoky Mountains National Park: Explore the park's numerous trails, including those in the Cataloochee Valley, and spot the reintroduced elk herd.
  • Blue Ridge Parkway: Enjoy scenic drives, hiking, and stunning views from Waterrock Knob, a popular stop near Maggie Valley.
  • Cataloochee Ski Area: Hit the slopes for skiing, snowboarding, and tubing in the winter.
  • Horseback Riding: Experience trails at Cataloochee Ranch and Cherokee Horse Trails.
  • Fishing: Try your luck in the Heritage Trout Waters.
  • River Tubing: Enjoy tubing on the Oconaluftee River in Cherokee.

Unique Attractions

  • Wheels Through Time Museum: A must-visit for motorcycle enthusiasts, featuring over 350 rare and vintage motorcycles.
  • Maggie Valley Rock Shop & Gem Mine: Try your hand at gem mining and explore the local geology.
  • Soco Falls: Visit this rare twin waterfall located roadside near Maggie Valley and Cherokee.

Family-Friendly Activities

  • Fantasy Golf and Game Room: Enjoy miniature golf and other family-friendly games.
  • Maggie Valley Carpet Golf: Another great spot for a round of putt-putt.
  • Tube World: Experience winter tubing fun.

Cultural and Entertainment

  • The Stompin’ Grounds & Maggie Valley Opry House: Watch professional dancers perform authentic mountain dances and enjoy live music.
  • Maggie Valley Festival Grounds: Attend events like the Hillbilly Jam, Thunder in the Smokies, and the Smoky Mountain Bluegrass Festival.

Insider Tips

  • Local Festivals: Check out the Maggie Valley Summer Arts and Crafts Show and other festivals that offer a glimpse into mountain culture.
  • Downtown Maggie Valley: Explore the vintage motels, craft shops, and laid-back atmosphere along Soco Road.
  • Nearby Towns: Visit Waynesville, Lake Junaluska, Canton, and Clyde for additional mountain charm and activities.
  • Harrah’s Cherokee Casino Resort: Just a short drive away, offering gaming, dining, and entertainment.

Additional Recommendations

  • Antiquing: Maggie Valley and surrounding areas are a paradise for antique lovers with numerous antique stores.
  • Scenic Drives: Rent a Polaris Slingshot and cruise the Blue Ridge Parkway for a unique experience.
  • Great Smoky Mountain Railroad: Take a scenic train ride through the mountains, offering various themed trips.

By sharing these attractions and tips, you can help your guests make the most of their visit to Maggie Valley, North Carolina.

Practical Tips

Practical Tips to Run a Successful Short Term Rental Business in Maggie Valley, North Carolina

To ensure a successful and hassle-free short-term rental business in Maggie Valley, North Carolina, several practical tips can be implemented:

Noise Regulations and Guest Communication

While Maggie Valley does not have specific noise or parking regulations for short-term rentals, it is crucial to be mindful of neighbors and maintain a positive community relationship. Inform guests about quiet hours and expectations through clear communication in the rental listing and a welcome message upon arrival.

Creating a Comprehensive House Manual

Develop both digital and physical house manuals that include essential instructions, Wi-Fi passwords, and other important details. This manual should cover everything from how to use appliances to emergency contact information, ensuring guests have all the information they need for a comfortable stay.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with detailed instructions on how to access the property, along with photos to help them navigate any specific steps or features of the smart lock system.

Parking Instructions with Photos

Include detailed parking instructions in the house manual, accompanied by photos to help guests understand where and how to park. This can prevent confusion and potential issues with neighbors, ensuring a smooth and stress-free experience for both guests and local residents.

By implementing these strategies, you can enhance the guest experience, reduce potential issues, and maintain a positive reputation for your short-term rental business in Maggie Valley.

Local Vendors

Here is a brief list of house cleaning, and related services providers in Maggie Valley, North Carolina:

House Cleaning Services

  • Sparkling and Beyond: A professional cleaning company based in Maggie Valley, using state-of-the-art equipment and with years of experience.
  • Classy Cleans: Offers housekeeping and vacation home management services in Maggie Valley and Waynesville.

General Cleaning and Maid Services

  • Care.com Cleaning Ladies: A platform to find affordable cleaning ladies in Maggie Valley, with listings by rates, reviews, and experience.
  • Angie's List House Cleaners: A list of top-rated house cleaners in Maggie Valley, with real reviews and ratings.
  • HomeAdvisor Cleaning Services: A list of top-rated cleaning services experts in Maggie Valley, with real reviews and ratings.

Note

While the list primarily focuses on cleaning services, some providers like Classy Cleans may also offer additional services related to property management. However, specific repair or maintenance services are not highlighted in the sources provided.

Management fees

Short-Term Rental Management Fees in Maggie Valley, North Carolina

In Maggie Valley, North Carolina, short-term rental management fees typically range from 10% to 30% of the rental revenue, varying based on the level of service provided. Full-service management companies, which handle comprehensive tasks such as guest communication, strategic marketing, and maintenance, tend to charge fees on the higher end of this spectrum, often around 20-30%.

Basic service packages, which may include fewer amenities, can be more cost-effective. Additionally, property owners may incur extra fees for services like cleaning, repairs, and design enhancements. These fees are structured to ensure the property is well-maintained, competitively priced, and consistently booked, ultimately maximizing the owner's return on investment.

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Why choose RedAwning

RedAwning is a tech leader in full-service short-term rental management, powered by our exclusive, unmatched tools.
Other property managers
Cost
Starting at 10%
25-40%
Guest communications
5-15 mins / 24 hours a day
1 hour+
Host communications
Dedicated phone and text line with no time on hold
Chat bots, hold lines and email threads
Insurance
Robust liability and dwelling coverage for every reservation
Spotty coverage with low claim approval rates
Contract
No cancellation fees
No contract lock-in
Just 90 days notice to cancel
Cancellation penalties
Number of Channels Your Listing is On
50+
2-4

Experience in numbers

Rest well knowing your property is managed by an experienced team powered by world-class technology.
+10-30%
in gross revenue
4.8 stars
guest rating
14+ years
managing STRs

Short Term Rental Calculator

Find out how much your property in Maggie Valley should generate as a short term rental and look at the performance of properties around yours.

35,000+ Properties
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1,000,000,00 Nights Booked
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Furnishing checklist

This comprehensive checklist ensures that your rental is guest-ready with all the essentials to create a comfortable and memorable experience in Maggie Valley.

Living Room
Seating: Sofa, armchairs, and ottomans
Coffee Table
Entertainment: Smart TV (with streaming apps) and remote control
Decor: Area rug, wall art, plants, and throw pillows
Lighting: Floor lamp or table lamps
Charging Stations: Power strips or outlets with USB ports
Bedrooms
Beds: High-quality mattress with mattress protector
Linens: At least two sets of sheets per bed
Pillows: Hypoallergenic pillows (2-4 per bed)
Blankets: Extra throw blankets or quilts
Nightstands: With lamps or charging docks
Closet or Storage: Hangers, dresser, or luggage rack
Blackout Curtains or Shades
Bathrooms
Towels: Bath towels, hand towels, washcloths (2 sets per guest)
Shower Curtain & Liner
Toiletries: Shampoo, conditioner, body wash, hand soap
Bathroom Essentials: Toilet paper, tissues, trash bin
Hairdryer
Mirror: Full-length or wall mirror
Dining Area
Dining Table: Seating for the maximum number of guests
Place Settings: Placemats or tablecloths
Centerpiece: Vase with flowers or decorative piece
Kitchen
Appliances: Refrigerator, microwave, toaster, coffee maker, kettle
Cookware: Pots, pans, baking trays
Utensils: Forks, knives, spoons, spatulas, tongs
Dinnerware: Plates, bowls, glasses, mugs (2 sets per guest)
Cutting Board & Knives
Basic Spices & Condiments: Salt, pepper, oil
Cleaning Supplies: Sponge, dish soap, paper towels, trash bags
Outdoor Space (if applicable)
Seating: Outdoor chairs, benches, or lounges
Table: For outdoor dining or drinks
Lighting: String lights or outdoor lanterns
Grill: With necessary utensils and instructions
Outdoor Trash Bin
Extras to Elevate Guest Experience
Welcome Basket: Snacks, water bottles, or wine
Guidebook: Local recommendations and house rules
Board Games or Books: Entertainment for guests
Umbrella & Flashlight
Iron & Ironing Board
Laundry: Washer, dryer, and detergent (if available)
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⇤ Airbnb Statistics for North Carolina