Morrisville, NC
- Overview
- Performance
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Key Performance Metrics
Market snapshotPerformance indicators for the Morrisville short-term rental market based on reliable data.
Listings
30 / 135
Reliable / Active
Cap Rate
8%
Middle-Earners Gross Yield
Revenue
$35,876
Middle-Earners Revenue
Occupancy
69%
Middle-Earners Occupancy
Home Value
$477,937
Median Home Sale Price
Top Earners
$59,772
Top-Earners Revenue
Morrisville
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Morrisville.
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Generally Investor friendly
Morrisville Regulations
STRs are allowed citywide under state law with no Morrisville-specific caps; compliance involves moderate steps (state registration, taxes, safety equipment, three-year guest logs) but no burdensome local permits. Enforcement is mainly state/county driven, creating some uncertainty but not a significant barrier for investors.
Local STR Agent
STR specialist · Morrisville, NC
About Morrisville
Morrisville is a town located primarily in Wake County, North Carolina, United States (a small portion extends into neighboring Durham County). According to the 2020 census, the population was 29,630. Morrisville is part of the Research Triangle metropolitan region. The regional name originated after the 1959 creation of the Research Triangle Park, located midway between the cities of Raleigh and Durham. The Research Triangle region encompasses the Raleigh-Durham-Cary, NC Combined Statistical Area. The population of the Raleigh-Durham-Cary, NC Combined Statistical Area was 2,106,463 in 2020, while the population of the Raleigh-Cary, NC Metropolitan Statistical Area was 1,413,982 in 2020. The operational headquarters of Lenovo is located in the municipal limits.