Opelika, AL

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Opelika short-term rental market based on reliable data.

Listings

103 / 215

Reliable / Active

Cap Rate

9%

Middle-Earners Gross Yield

Revenue

$25,854

Middle-Earners Revenue

Occupancy

48%

Middle-Earners Occupancy

Home Value

$302,635

Median Home Sale Price

Top Earners

$67,009

Top-Earners Revenue

Opelika

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Opelika.

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B

Generally Investor friendly

Opelika Regulations

STRs are allowed; most Airbnb-style rentals are treated as residential rentals with simple registration ($5) and a one-time inspection, and no caps. The cost and time burden are moderate due to the required local agent, routine inspections every three years, and penalties for violations.

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About Opelika

Opelika (pronounced OH-pə-LY-kə) is a city in and the county seat of Lee County in the east-central part of the U.S. state of Alabama. It is a principal city of the Auburn-Opelika Metropolitan Area. As of the 2020 census, the population of Opelika is 30,995, an increase of 17.1 percent from the 2010 Census where the population was 26,477. The Auburn-Opelika, AL MSA with a population of 150,933, along with the Columbus, Georgia metropolitan area, comprises the Greater Columbus combined statistical area, a region home to 501,649 residents.

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