Asheville has been voted as the Best City in the World for Beer, one of the top 50 Best Places to Live, and the #1 Food Destination in the U.S. Each year, nearly 11 million people visit the Asheville area to enjoy all that it has to offer. Since Asheville is a very popular destination, many people that either live or travel to Asheville see this area as a great place to invest in real estate. But what exactly are the rules in Asheville for short- and long-term rentals?
Disclaimer: The information in this blog is based on our interpretation of information from the City of Asheville. Any official interpretations of the rules are the sole responsibility of the city. Check with the City of Asheville before making material decisions.
A short-term rental is a home, apartment, or even a room that is rented out for fewer than 30 days. A long-term rental is anything rented out for greater than 30 days. Asheville City Council voted to pass the homestay ordinance at the end of 2021 in order to balance the area’s tourism culture with its need for affordable housing. This ordinance establishes rules that govern short-term rentals. Homes in the City of Asheville may NOT be rented out for fewer than 30 days if the homeowner is not also living in the dwelling unit. Homeowners that do not follow the homestay ordinance rules could face fines of $500 per night!
Here is a flow chart to answer whether or not your home (or future home) is eligible for short-term rentals:
There are two options–you can either apply for conditional zoning, or you can rent your home out as a long-term rental–
Contact us at Asheville’s Dream Team by calling 828-771-2329, and we can connect you with short- and long-term property managers. We’re happy to help guide you through the buying and property management process.
Written by Katie Cassidy on February 21, 2023 . Posted in Uncategorized
